MARSHFIELD ASSOCIATES

Q1 2026 13F-HR Holdings

Location
Washington, DC
Holdings as of
3/31/2026
Date filed
5/15/2026
Form type
13F-HR
Num holdings
17
Total value ($000)
$4,992,921
Net value change ($000)
-711,873 (-12.5%)
New positions
0
Sold out positions
0
Turnover %
0.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/17/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
V 18,410 5.1%
ACGL 15,985 5.8%
FAST 3,080 2.0%
Top Reduces (Value $000, Stocks/ETFs)
CMI -148,351 -38.1%
ROST -94,953 -19.4%
PGR -88,405 -15.4%
MA -57,887 -16.2%
DPZ -56,263 -17.2%
STRA -52,796 -44.5%
MCO -52,757 -18.3%
UNH -35,881 -6.6%
AZO -35,789 -6.0%
DIS -34,536 -17.9%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type