Latest MARSHFIELD ASSOCIATES Stock Portfolio
MARSHFIELD ASSOCIATES Performance:
2025 Q3: 7.7%YTD: -29.84%2024: 19.52%
Performance for 2025 Q3 is 7.7%, and YTD is -29.84%, and 2024 is 19.52%.
About MARSHFIELD ASSOCIATES and 13F Hedge Fund Stock Holdings
In it's latest 13F Holdings report, MARSHFIELD ASSOCIATES reported an equity portfolio of $5.8 Billions as of 30 Sep, 2025.
The top stock holdings of MARSHFIELD ASSOCIATES are AZO, ROST, UNH. The fund has invested 12.8% of it's portfolio in AUTOZONE INC and 10.6% of portfolio in ROSS STORES INC.
The fund managers got completely rid off SPDR SERIES TRUST (BIL) and VANGUARD SCOTTSDALE FDS (BNDW) stocks. They significantly reduced their stock positions in STRATEGIC ED INC (STRA), FASTENAL CO (FAST) and OREILLY AUTOMOTIVE INC (ORLY). The fund showed a lot of confidence in some stocks as they added substantially to PROGRESSIVE CORP (PGR), UNITEDHEALTH GROUP INC (UNH) and ARCH CAP GROUP LTD (ACGL).
The top stock holdings of MARSHFIELD ASSOCIATES are AZO, ROST, UNH. The fund has invested 12.8% of it's portfolio in AUTOZONE INC and 10.6% of portfolio in ROSS STORES INC.
The fund managers got completely rid off SPDR SERIES TRUST (BIL) and VANGUARD SCOTTSDALE FDS (BNDW) stocks. They significantly reduced their stock positions in STRATEGIC ED INC (STRA), FASTENAL CO (FAST) and OREILLY AUTOMOTIVE INC (ORLY). The fund showed a lot of confidence in some stocks as they added substantially to PROGRESSIVE CORP (PGR), UNITEDHEALTH GROUP INC (UNH) and ARCH CAP GROUP LTD (ACGL).
MARSHFIELD ASSOCIATES Annual Return Estimates Vs S&P 500
Our best estimate is that MARSHFIELD ASSOCIATES made a return of 7.7% in the last quarter. In trailing 12 months, it's portfolio return was -30.07%.
New Buys
Additions
| Ticker | % Inc. |
|---|---|
| progressive corp | 70.78 |
| unitedhealth group inc | 58.43 |
| arch cap group ltd | 5.47 |
| mastercard incorporated | 4.81 |
| nvr inc | 4.73 |
| tjx cos inc new | 4.73 |
| expeditors intl wash inc | 4.64 |
| cummins inc | 4.59 |
Additions to existing portfolio by MARSHFIELD ASSOCIATES
Reductions
| Ticker | % Reduced |
|---|---|
| strategic ed inc | -12.4 |
| fastenal co | -5.46 |
| oreilly automotive inc | -2.01 |
MARSHFIELD ASSOCIATES reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| spdr series trust | -12,811,300 |
| vanguard scottsdale fds | -1,036,760 |
MARSHFIELD ASSOCIATES got rid off the above stocks
Sector Distribution
MARSHFIELD ASSOCIATES has about 42.3% of it's holdings in Consumer Cyclical sector.
| Sector | % |
|---|---|
| Consumer Cyclical | 42.3 |
| Financial Services | 27.1 |
| Industrials | 15.4 |
| Healthcare | 9.6 |
| Communication Services | 3.2 |
| Consumer Defensive | 2.4 |
Market Cap. Distribution
MARSHFIELD ASSOCIATES has about 97.7% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| LARGE-CAP | 76.4 |
| MEGA-CAP | 21.3 |
| MID-CAP | 2.4 |
Stocks belong to which Index?
About 100% of the stocks held by MARSHFIELD ASSOCIATES either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| S&P 500 | 97.6 |
| RUSSELL 2000 | 2.4 |
MARSHFIELD ASSOCIATES Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of MARSHFIELD ASSOCIATES
MARSHFIELD ASSOCIATES has 17 stocks in it's portfolio. About 76.5% of the portfolio is in top 10 stocks. PGR proved to be the most loss making stock for the portfolio. CMI was the most profitable stock for MARSHFIELD ASSOCIATES last quarter.
Last Reported on: 14 Nov, 2025| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| ACGL | arch cap group ltd | 4.28 | 2,724,640 | 247,206,000 | added | 5.47 | ||
| AZO | autozone inc | 12.79 | 172,332 | 739,347,000 | added | 3.17 | ||
| BIL | spdr series trust | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| BNDW | vanguard scottsdale fds | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CMI | cummins inc | 8.07 | 1,104,550 | 466,530,000 | added | 4.59 | ||
| DIS | disney walt co | 3.24 | 1,634,870 | 187,193,000 | added | 3.82 | ||
| DPZ | dominos pizza inc | 5.56 | 744,515 | 321,415,000 | added | 4.02 | ||
| EXPD | expeditors intl wash inc | 4.12 | 1,942,740 | 238,161,000 | added | 4.64 | ||
| FAST | fastenal co | 3.18 | 3,749,490 | 183,875,000 | reduced | -5.46 | ||
| MA | mastercard incorporated | 5.84 | 593,713 | 337,710,000 | added | 4.81 | ||
| MCO | moodys corp | 4.43 | 537,128 | 255,931,000 | added | 4.09 | ||
| NVR | nvr inc | 3.48 | 25,042 | 201,204,000 | added | 4.73 | ||
| ORLY | oreilly automotive inc | 7.05 | 3,778,450 | 407,354,000 | reduced | -2.01 | ||
| PGR | progressive corp | 6.74 | 1,577,450 | 389,552,000 | added | 70.78 | ||
| ROST | ross stores inc | 10.60 | 4,020,410 | 612,671,000 | added | 4.07 | ||
| STRA | strategic ed inc | 2.36 | 1,585,590 | 136,376,000 | reduced | -12.4 | ||
| TJX | tjx cos inc new | 2.80 | 1,118,640 | 161,688,000 | added | 4.73 | ||
| UNH | unitedhealth group inc | 9.64 | 1,613,250 | 557,055,000 | added | 58.43 | ||
| V | visa inc | 5.81 | 982,793 | 335,506,000 | added | 3.76 | ||