MARSHFIELD ASSOCIATES

CIK

914976

City

Washington

State / Country

Stock

NVR — Nvr Inc

Top Portfolio Positions

17 positions · $5,058,698,279 total · as of Mar 31, 2026

Ticker	Company	Shares	Value (USD)	% of Portfolio
AZO	Autozone Inc Consumer Cyclical	165,033	$557,445,166	11.02%
UNH	Unitedhealth Group Inc Healthcare	1,890,689	$511,601,536	10.11%
PGR	Progressive Corp/Oh/ Financial Services	2,455,384	$486,755,324	9.62%
ROST	Ross Stores, Inc. Consumer Cyclical	1,818,806	$394,007,943	7.79%
V	Visa Inc. Financial Services	1,254,973	$379,303,039	7.50%
ORLY	O Reilly Automotive Inc Consumer Cyclical	3,513,674	$324,347,246	6.41%
MA	Mastercard Inc Financial Services	600,154	$299,872,947	5.93%
ACGL	Arch Capital Group Ltd. Financial Services	3,051,421	$292,905,901	5.79%
EXPD	Expeditors International Of Washington Inc Industrials	1,953,005	$279,728,906	5.53%
DPZ	Dominos Pizza Inc Consumer Cyclical	755,140	$270,936,680	5.36%

25 quarters · across all stocks

25 quarters on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-03-31	$167,506,891	25,419	-5.3%	Shares	Sole	2026-05-15
2025-12-31	$195,847,338	26,855	+7.2%	Shares	Sole	2026-02-17
2025-09-30	$201,203,960	25,042	+4.7%	Shares	Sole	2025-11-14
2025-06-30	$176,605,906	23,912	+0.3%	Shares	Sole	2025-08-14
2025-03-31	$172,691,771	23,838	+1.1%	Shares	Sole	2025-05-15
2024-12-31	$192,874,817	23,582	-0.1%	Shares	Sole	2025-02-14
2024-09-30	$231,715,464	23,616	-27.8%	Shares	Sole	2024-11-15
2024-06-30	$248,290,097	32,719	+0.3%	Shares	Sole	2024-08-14
2024-03-31	$264,244,995	32,623	-0.1%	Shares	Sole	2024-05-15
2023-12-31	$228,627,703	32,659	+12.0%	Shares	Sole	2024-02-14
2023-09-30	$173,818,262	29,148	+2.3%	Shares	Sole	2023-11-14
2023-06-30	$180,859,309	28,479	+4.8%	Shares	Sole	2023-08-14
2023-03-31	$151,351,822	27,162	+2.1%	Shares	Sole	2023-05-15
2022-12-31	$122,736,143	26,609	-0.3%	Shares	Sole	2023-02-14
2022-09-30	$106,427,129	26,693	+13.1%	Shares	Sole	2022-11-14
2022-06-30	$94,477,680	23,595	+57.1%	Shares	Sole	2022-08-12
2022-03-31	$67,093,928	15,019	+0.1%	Shares	Sole	2022-05-13
2021-12-31	$88,644,869	15,002	+0.2%	Shares	Sole	2022-02-14
2021-09-30	$71,791,349	14,975	-0.7%	Shares	Sole	2021-11-15
2021-06-30	$74,982,441	15,077	+3.0%	Shares	Sole	2021-08-16
2021-03-31	$68,953,885	14,637	-0.9%	Shares	Sole	2021-05-17
2020-12-31	$60,271,773	14,773	-2.3%	Shares	Sole	2021-02-16
2020-09-30	$61,749,025	15,123	-0.6%	Shares	Sole	2020-11-13
2020-06-30	$49,581,881	15,215	+0.4%	Shares	Sole	2020-08-14
2020-03-31	$38,937,432	15,156	—	Shares	Sole	2020-05-15
No 13F history on record for this holder in this stock.