Instuitional Investor - Marshfield Associates

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Autozone Inc	AZO	165,033	$557,446,011	11.16%
2.	Unitedhealth Group Inc	UNH	1,890,689	$511,601,644	10.25%
3.	Progressive Corp	PGR	2,455,384	$486,755,395	9.75%
4.	Ross Stores Inc.	ROST	1,818,806	$394,007,928	7.89%
5.	Visa Inc.	V	1,254,973	$379,302,935	7.6%