MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 15, 2025

Total Value: $4.616B (100.0% shares, 0.0% debt)

Holdings (18)

AZO AUTOZONE INC 14.0%

Value $647M Shares 169,809 Share Price $3812.79 Est. Cost/Share — Unrealized @ Report Date —

ROST ROSS STORES INC 10.8%

Value $499M Shares 3,906,183 Share Price $127.79 Est. Cost/Share — Unrealized @ Report Date —

ORLY OREILLY AUTOMOTIVE INC 8.9%

Value $412M Shares 287,917 Share Price $1432.58 Est. Cost/Share — Unrealized @ Report Date —

V VISA INC 7.1%

Value $330M Shares 940,571 Share Price $350.46 Est. Cost/Share — Unrealized @ Report Date —

DPZ DOMINOS PIZZA INC 7.1%

Value $329M Shares 716,952 Share Price $459.45 Est. Cost/Share — Unrealized @ Report Date —

CMI CUMMINS INC 7.1%

Value $329M Shares 1,050,534 Share Price $313.44 Est. Cost/Share — Unrealized @ Report Date —

MA MASTERCARD INCORPORATED 6.7%

Value $309M Shares 562,910 Share Price $548.12 Est. Cost/Share — Unrealized @ Report Date —

PGR PROGRESSIVE CORP 5.7%

Value $265M Shares 937,242 Share Price $283.01 Est. Cost/Share — Unrealized @ Report Date —

ACGL ARCH CAP GROUP LTD 5.3%

Value $246M Shares 2,560,861 Share Price $96.18 Est. Cost/Share — Unrealized @ Report Date —

MCO MOODYS CORP 5.2%

Value $239M Shares 513,899 Share Price $465.69 Est. Cost/Share — Unrealized @ Report Date —

EXPD EXPEDITORS INTL WASH INC 4.8%

Value $221M Shares 1,841,746 Share Price $120.25 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR INC 3.7%

Value $173M Shares 23,838 Share Price $7244.39 Est. Cost/Share — Unrealized @ Report Date —

DIS DISNEY WALT CO 3.4%

Value $158M Shares 1,599,320 Share Price $98.70 Est. Cost/Share — Unrealized @ Report Date —

STRA STRATEGIC ED INC 3.4%

Value $155M Shares 1,849,034 Share Price $83.96 Est. Cost/Share — Unrealized @ Report Date —

FAST FASTENAL CO 3.3%

Value $153M Shares 1,974,506 Share Price $77.55 Est. Cost/Share — Unrealized @ Report Date —

TJX TJX COS INC NEW 2.9%

Value $135M Shares 1,107,796 Share Price $121.80 Est. Cost/Share — Unrealized @ Report Date —

BIL SPDR SER TR 0.3%

Value $12.11M Shares 132,042 Share Price $91.73 Est. Cost/Share — Unrealized @ Report Date —

VGSH VANGUARD SCOTTSDALE FDS 0.0%

Value $1.577M Shares 26,867 Share Price $58.69 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AZO	AUTOZONE INC	169,809	$647M	14.0%	$3812.79	—	—	COM	053332102
ROST	ROSS STORES INC	3,906,183	$499M	10.8%	$127.79	—	—	COM	778296103
ORLY	OREILLY AUTOMOTIVE INC	287,917	$412M	8.9%	$1432.58	—	—	COM	67103H107
V	VISA INC	940,571	$330M	7.1%	$350.46	—	—	COM CL A	92826C839
DPZ	DOMINOS PIZZA INC	716,952	$329M	7.1%	$459.45	—	—	COM	25754A201
CMI	CUMMINS INC	1,050,534	$329M	7.1%	$313.44	—	—	COM	231021106
MA	MASTERCARD INCORPORATED	562,910	$309M	6.7%	$548.12	—	—	CL A	57636Q104
PGR	PROGRESSIVE CORP	937,242	$265M	5.7%	$283.01	—	—	COM	743315103
ACGL	ARCH CAP GROUP LTD	2,560,861	$246M	5.3%	$96.18	—	—	ORD	G0450A105
MCO	MOODYS CORP	513,899	$239M	5.2%	$465.69	—	—	COM	615369105
EXPD	EXPEDITORS INTL WASH INC	1,841,746	$221M	4.8%	$120.25	—	—	COM	302130109
NVR	NVR INC	23,838	$173M	3.7%	$7244.39	—	—	COM	62944T105
DIS	DISNEY WALT CO	1,599,320	$158M	3.4%	$98.70	—	—	COM	254687106
STRA	STRATEGIC ED INC	1,849,034	$155M	3.4%	$83.96	—	—	COM	86272C103
FAST	FASTENAL CO	1,974,506	$153M	3.3%	$77.55	—	—	COM	311900104
TJX	TJX COS INC NEW	1,107,796	$135M	2.9%	$121.80	—	—	COM	872540109
BIL	SPDR SER TR	132,042	$12.11M	0.3%	$91.73	—	—	BLOOMBERG 1-3 MO	78468R663
VGSH	VANGUARD SCOTTSDALE FDS	26,867	$1.577M	0.0%	$58.69	—	—	SHORT TERM TREAS	92206C102