SEC 13F Intelligence

Managers / Q1 2025 · view latest →

MARSHFIELD ASSOCIATES

CIK 0000914976 · 1330 CONNECTICUT AVENUE NW, SUITE 400, WASHINGTON, DC, 20036 · 202-828-6200

Reported Value
$4.6B
Q1 2025
Positions
18
Filings on Record
50
2019–present window
Filed
May 15, 2025
original filing

Summary

Marshfield Associates reported $4.6B in U.S.-listed holdings across 18 positions for Q1 2025.

Its largest position, AZO, represents 14.0% of the portfolio.

The book was largely unchanged from Q4 2024.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.4BQ4 ’18Q1 ’19: $1.6BQ2 ’19: $1.6BQ3 ’19: $1.6BQ4 ’19: $1.9BQ4 ’19Q1 ’20: $1.6BQ2 ’20: $1.9BQ3 ’20: $2.1BQ4 ’20: $2.1BQ4 ’20Q1 ’21: $2.1BQ2 ’21: $2.4BQ3 ’21: $2.3BQ4 ’21: $2.5BQ4 ’21Q1 ’22: $2.5BQ2 ’22: $2.6BQ3 ’22: $2.6BQ4 ’22: $3.24TQ4 ’22Q1 ’23: $3.4BQ2 ’23: $3.8BQ3 ’23: $4.0BQ4 ’23: $4.9BQ4 ’23Q1 ’24: $4.9BQ2 ’24: $4.5BQ3 ’24: $4.7BQ4 ’24: $4.6BQ4 ’24Q1 ’25: $4.6BQ2 ’25: $4.9BQ3 ’25: $5.8BQ4 ’25: $5.7BQ4 ’25Q1 ’26: $5.0Bfilingsflow.com

Portfolio Composition

By security type

Composition data arrives with ticker enrichment.

Quarter-over-Quarter Changes full breakdown →

Holdings — Q1 2025

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Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$5.0B17May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$5.7B17Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$5.8B17Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$4.9B19Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$4.6B18May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$4.6B18Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$4.7B19Nov 15, 202413F-HRchanges · EDGAR ↗
Q2 2024$4.5B19Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$4.9B19May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$4.9B21Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$4.0B22Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$3.8B21Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$3.4B20May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$3.24T17Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.6B17Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.6B17Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.5B17May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.5B16Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$2.3B16Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$2.4B17Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.1B17May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.1B17Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.1B18Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.9B18Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.6B18May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.9B17Feb 18, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.6B17Nov 15, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.6B18Aug 15, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.6B18May 16, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.4B18Feb 15, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.