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MARSHFIELD ASSOCIATES

Q2 2025 · Filed 2025-08-14
Market Value
$4.9B
+6.0%
Holdings
19
+1
New Purchases
1
Added To
10
Closed
0
Reduced
8
Top 10 Concentration
73.7%
Turnover
5.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNH 6.49% 0.00% +6.49% $318M
DIS 3.99% 3.42% +0.57% $195M
MCO 5.29% 5.18% +0.11% $259M
FAST 3.41% 3.32% +0.09% $167M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ORLY 7.10% 8.94% -1.83% $348M
AZO 12.68% 14.03% -1.35% $620M
ROST 10.07% 10.81% -0.74% $493M
PGR 5.04% 5.75% -0.71% $246M
DPZ 6.59% 7.14% -0.54% $323M
ACGL 4.81% 5.34% -0.53% $235M
EXPD 4.34% 4.80% -0.46% $212M
V 6.87% 7.14% -0.27% $336M
TJX 2.70% 2.92% -0.23% $132M
STRA 3.15% 3.36% -0.21% $154M
MA 6.51% 6.68% -0.18% $318M
NVR 3.61% 3.74% -0.13% $177M
CMI 7.07% 7.13% -0.06% $346M
VGSH 0.02% 0.03% -0.01% $1M
BIL 0.26% 0.26% -0.00% $13M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 3 $972M 19.9%
Large Cap 15 $3.8B 77.0%
Small Cap 1 $154M 3.1%

Portfolio Analytics

Avg Market Cap
$130.7B
Median Market Cap
$75.9B
Avg P/E
24.1
Median P/E
28.3
Avg Dividend Yield
0.01%
Avg Beta
0.73
# Stocks
17
# ETFs / Funds
2

Top Holdings (19 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AZO 12.68% 167,039 $620M $3,712.24 -$27M -2,770 -1.6%
2 ROST 10.07% 3,863,028 $493M $127.58 -$6M -43,155 -1.1%
3 ORLY 7.10% 3,855,957 $348M $90.13 -$65M +3,568,040 +1239.3%
4 CMI 7.07% 1,056,059 $346M $327.50 $17M +5,525 +0.5%
5 V 6.87% 947,177 $336M $355.05 $7M +6,606 +0.7%
6 DPZ 6.59% 715,750 $323M $450.60 -$7M -1,202 -0.2%
7 MA 6.51% 566,442 $318M $561.94 $10M +3,532 +0.6%
8 UNH 6.49% 1,018,288 $318M $311.97 +1,018,288 NEW
9 MCO 5.29% 516,014 $259M $501.59 $20M +2,115 +0.4%
10 PGR 5.04% 923,690 $246M $266.86 -$19M -13,552 -1.4%
11 ACGL 4.81% 2,583,412 $235M $91.05 -$11M +22,551 +0.9%
12 EXPD 4.34% 1,856,558 $212M $114.25 -$9M +14,812 +0.8%
13 DIS 3.99% 1,574,766 $195M $124.01 $37M -24,554 -1.5%
14 NVR 3.61% 23,912 $177M $7,385.66 $4M +74 +0.3%
15 FAST 3.41% 3,966,125 $167M $42.00 $13M +1,991,619 +100.9%
16 STRA 3.15% 1,810,104 $154M $85.13 -$1M -38,930 -2.1%
17 TJX 2.70% 1,068,130 $132M $123.49 -$3M -39,666 -3.6%
18 BIL 0.26% 139,663 $13M $91.73 $699K +7,621 +5.8%
19 VGSH 0.02% 17,638 $1M $58.78 -$540K -9,229 -34.4%

New Positions

SymbolValue% Port
UNH $318M 6.49%
View SEC EDGAR Filings for MARSHFIELD ASSOCIATES →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms