"Fearless Fund Outperforms Market: Choose Your Strategy Wisely"

Marshfield Associates, a Washington, D.C.-based investment firm, has outperformed the S&P 500 for nearly a decade with its high-conviction approach to investing against the grain. The firm manages $4.7 billion in assets, with $470 million in its lone mutual fund, the Marshfield Concentrated Opportunity Fund. Marshfield's portfolio is filled with well-known companies like Domino’s Pizza, Mastercard, Visa, and Goldman Sachs. The firm typically shies away from the tech sector, commodities, and utilities and keeps a conservative portfolio with low volatility.