Bretton Capital Management
San Francisco, CAfiles as Bretton Capital Management, LLC
$125m in 20 US stocks at the end of 30 June 2026. The top 10 are 67.7% of the money. It changed about 10.2% of the portfolio this quarter.
Value
$125m
Stocks
20
Top 10 share
67.7%
Turnover
10.2%
What changed this quarter
New
Bought for the first time this quarter.
- SAP SE3.4% of the fund
- Constellation Software INC COM Isin#ca21037x1006CNSWF3.3% of the fund
Added
Bought more of a stock they already held.
- NVRNVR4.3% of the fund+14%
Cut
Sold some of their stake.
- TJX CompaniesTJX3.6% of the fund-36%
- Berkshire HathawayBRK-B2.0% of the fund-33%
- Moody'sMCO2.0% of the fund-34%
Sold out
Sold their entire stake.
None this quarter.
Holdings
- SAP SE
- Share
- 3.4%
- Value
- $4m
- Shares
- 28,000
New
- Constellation Software INC COM Isin#ca21037x1006CNSWF
- Share
- 3.3%
- Value
- $4m
- Shares
- 2,100
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AlphabetGOOG | 16.1% | $20m | 57,000 | Held |
| UnitedHealth GroupUNH | 7.2% | $9m | 21,700 | Held |
| JPMorgan ChaseJPM | 6.3% | $8m | 24,000 | Held |
| American ExpressAXP | 6.2% | $8m | 23,100 | Held |
| Ross StoresROST | 5.9% | $7m | 34,700 | Held |
| ProgressivePGR | 5.8% | $7m | 33,400 | Held |
| Bank of AmericaBAC | 5.7% | $7m | 126,000 | Held |
| AutozoneAZO | 5.1% | $6m | 2,000 | Held |
| VisaV | 4.9% | $6m | 17,800 | Held |
| MastercardMA | 4.5% | $6m | 10,980 | Held |
| NVRNVR | 4.3% | $5m | 790 | +14% |
| MicrosoftMSFT | 4.2% | $5m | 14,000 | Held |
| Eagle MaterialsEXP | 4.1% | $5m | 23,100 | Held |
| TJX CompaniesTJX | 3.6% | $5m | 30,000 | -36% |
| SAP SE | 3.4% | $4m | 28,000 | New |
| Constellation Software INC COM Isin#ca21037x1006CNSWF | 3.3% | $4m | 2,100 | New |
| S&P GlobalSPGI | 3.0% | $4m | 9,300 | Held |
| Dream Finders HomesDFH | 2.3% | $3m | 170,500 | Held |
| Berkshire HathawayBRK-B | 2.0% | $3m | 5,000 | -33% |
| Moody'sMCO | 2.0% | $2m | 5,500 | -34% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 13.1% since 30 June 2025.
Where the money is
Financial services40.4%
Retail & consumer21.3%
Media & telecom16.1%
Health care7.2%
Technology4.2%
Materials4.1%
Other6.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.