Bretton Capital Management, LLC
Long book
$109.3M
Q1 2026
Positions
18
Top-10 weight
70%
concentration
Last quarter
+14.1%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsBretton Capital Management, LLC is a concentrated fundamental stock-picker, running a $109.3M US long book across 18 positions.
The portfolio is concentrated: the top 10 names carry 70% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ALPHABET INC-CL C, ROSS STORES INC, TJX COMPANIES INC, JPMORGAN CHASE & CO, AMERICAN EXPRESS CO.
Over the last 7 quarters its long book ran on average 1.8pp per quarter behind the S&P 500, beating the index in 2 of 7 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q3 2024
-0.6%
Q4 2024
-0.4%
Q1 2025
+3.2%
Q2 2025
+8.3%
Q3 2025
+1.8%
Q4 2025
-9.0%
Q1 2026
+14.1%
Sector allocation
Financials 33%
Consumer discretionary 20%
Technology 20%
Services media 17%
Industrials 10%
Long book by quarter
What does Bretton Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOG ALPHABET INC-CL C | Technology | 57.0K | $16.4M | 15.0% | Held |
| ROST ROSS STORES INC | Consumer discretionary | 34.7K | $7.5M | 6.9% | Held |
| TJX TJX COMPANIES INC | Consumer discretionary | 47.0K | $7.5M | 6.9% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 24.0K | $7.1M | 6.5% | Held |
| AXP AMERICAN EXPRESS CO | Financials | 23.1K | $7.0M | 6.4% | Held |
| AZO AUTOZONE INC | Consumer discretionary | 2.0K | $6.8M | 6.2% | Held |
| PGR PROGRESSIVE CORP | Financials | 33.4K | $6.6M | 6.1% | Held |
| BAC BANK OF AMERICA CORP | Financials | 126.0K | $6.1M | 5.6% | Held |
| UNH UNITEDHEALTH GROUP INC | Financials | 21.7K | $5.9M | 5.4% | Held |
| MA MASTERCARD INC - A | Services media | 11.0K | $5.5M | 5.0% | +17.1% |
| V VISA INC-CLASS A SHARES | Services media | 17.8K | $5.4M | 4.9% | Held |
| MSFT MICROSOFT CORP | Technology | 14.0K | $5.2M | 4.7% | +9.4% |
| NVR NVR INC | Industrials | 690 | $4.5M | 4.2% | Held |
| EXP EAGLE MATERIALS INC | Industrials | 23.1K | $4.4M | 4.0% | Held |
| SPGI S&P GLOBAL INC | Services media | 9.3K | $4.0M | 3.6% | Held |
| MCO MOODY'S CORP | Services media | 8.3K | $3.6M | 3.3% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 7.5K | $3.6M | 3.3% | Held |
| DFH DREAM FINDERS HOMES INC - A | Industrials | 170.5K | $2.4M | 2.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 4, 2026 | 18 | $109.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 18 | $119.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 17, 2025 | 19 | $118.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 20 | $110.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 20 | $105.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 20 | $103.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 6, 2024 | 20 | $104.8M | canonical | SEC ↗ |
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