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CIK: 0000914976
Total reported value
$4.3B
$4.3B
17 檔
60.8%
At the close of Q4 2025, Marshfield Associates disclosed equity holdings valued at approximately $4.3B, spread across 17 reported holdings.
In Q4 2025, Marshfield Associates displayed an active expansion posture, initiating 0 new positions and adding to 14 existing holdings, outstripping position reductions.
In terms of portfolio concentration, the top 5 core holdings (including AZO, PGR, UNH) accounted for 60.8% of total reported equity market value during Q4 2025.
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AZO | Autozone Inc | Stock-Consumer Disc | 10.40% | -0.94% | +1.50% | |
| 2 | PGR | Progressive CORP | Stock-Financials | 10.08% | +1.28% | +60.11% | |
| 3 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 9.60% | +4.62% | +2.80% | |
| 4 | ROST | Ross Stores Inc | Stock-Consumer Disc | 8.57% | -4.92% | -32.49% | |
| 5 | CMI | Cummins Inc | Stock-Industrials | 6.83% | -4.84% | EXIT | |
| 6 | V | Visa Inc-class A Shares | Stock-Financials | 6.33% | +0.72% | +4.71% | |
| 7 | MA | Mastercard Inc - A | Stock-Financials | 6.27% | +0.88% | +5.55% | |
| 8 | ORLY | O'reilly Automotive Inc | Stock-Consumer Disc | 6.25% | -0.58% | +3.39% | |
| 9 | DPZ | Domino's Pizza Inc | Stock-Consumer Disc | 5.74% | -1.00% | +5.44% | |
| 10 | EXPD | Expeditors Intl Wash Inc | Stock-Industrials | 5.36% | +0.34% | +5.65% | |
| 11 | MCO | Moody's CORP | Stock-Financials | 5.05% | -0.22% | +4.92% | |
| 12 | ACGL | Arch Capital Group Ltd. | Stock-Financials | 4.85% | +1.71% | +5.96% | |
| 13 | NVR | Nvr Inc | Stock-Consumer Disc | 3.43% | -0.14% | +7.24% | |
| 14 | DIS | Walt Disney Co/the | Stock-Comm Services | 3.38% | -0.24% | +3.69% | |
| 15 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 3.15% | -0.39% | +4.49% | |
| 16 | FAST | Fastenal Co | Stock-Industrials | 2.64% | -0.18% | +0.00% | |
| 17 | STRA | Strategic Education Inc | Stock-Other | 2.08% | -0.32% | -6.75% |
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | PGR | Progressive CORP | +3.3% | +60.11% | Add |
| 2 | EXPD | Expeditors Intl Wash Inc | +1.2% | +5.65% | Add |
| 3 | MCO | Moody's CORP | +0.6% | +4.92% | Add |
| 4 | ACGL | Arch Capital Group Ltd. | +0.6% | +5.96% | Add |
| 5 | V | Visa Inc-class A Shares | +0.5% | +4.71% | Add |
| 6 | MA | Mastercard Inc - A | +0.4% | +5.55% | Add |
| 7 | TJX | Tjx Companies Inc | +0.4% | +4.49% | Add |
| 8 | DPZ | Domino's Pizza Inc | +0.2% | +5.44% | Add |
| 9 | DIS | Walt Disney Co/the | +0.1% | +3.69% | Add |
| 10 | UNH | Unitedhealth Group Inc | 0% | +2.80% | Add |
| 11 | NVR | Nvr Inc | -0.1% | +7.24% | Add |
| 12 | STRA | Strategic Education Inc | -0.3% | -6.75% | Trim |
| 13 | FAST | Fastenal Co | -0.5% | +0.00% | Add |
| 14 | ORLY | O'reilly Automotive Inc | -0.8% | +3.39% | Add |
| 15 | CMI | Cummins Inc | -1.2% | -30.86% | Trim |
| 16 | ROST | Ross Stores Inc | -2% | -32.49% | Trim |
| 17 | AZO | Autozone Inc | -2.4% | +1.50% | Add |
According to official SEC Form 13F filings, Marshfield Associates reported a total U.S. public equity portfolio value of $4.3B across 17 disclosed positions in Q4 2025.
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Top Position Liquidated / Trimmed
ROST
前期市值: $612.7M
During Q4 2025, Marshfield Associates's top holdings by market value included AZO (10.4%)、PGR (10.1%)、UNH (9.6%). The largest single position, AZO, represented 10.4% of total portfolio value.
In Q4 2025, Marshfield Associates made 17 total portfolio adjustments, initiating 0 new buys, adding to 14 positions, trimming 3 holdings, and fully liquidating 0 stocks.
All holding records on this page are fetched directly from the U.S. Securities and Exchange Commission (SEC) EDGAR system (Form 13F-HR). AlphaSMO parses CUSIP identifiers and formats data into Schema.org-compliant datasets.
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