# Bretton Capital Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2043671. Source: https://holderbook.com/funds/2043671-bretton-capital-management-llc/

- Reported value: $125.3M
- Positions: 20
- Weight of the ten largest: 67.7%
- Filed: 2026-08-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $20.1M | 57,000 | 16.1% | 8 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $9.0M | 21,700 | 7.2% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $7.9M | 24,000 | 6.3% | 8 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $7.8M | 23,100 | 6.2% | 8 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $7.4M | 34,700 | 5.9% | 8 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $7.3M | 33,400 | 5.8% | 8 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $7.2M | 126,000 | 5.7% | 8 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $6.4M | 2,000 | 5.1% | 8 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $6.1M | 17,800 | 4.9% | 8 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $5.6M | 10,980 | 4.5% | 8 |
| NVR INC | [NVR](https://holderbook.com/stocks/NVR/) | $5.4M | 790 | 4.3% | 8 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.2M | 14,000 | 4.2% | 8 |
| EAGLE MATLS INC | [EXP](https://holderbook.com/stocks/EXP/) | $5.2M | 23,100 | 4.1% | 8 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $4.5M | 30,000 | 3.6% | 8 |
|  | - | $4.3M | 28,000 | 3.4% | 1 |
| CONSTELLATION SOFTWARE INC | [CNSWF](https://holderbook.com/stocks/CNSWF/) | $4.1M | 2,100 | 3.3% | 1 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $3.8M | 9,300 | 3.0% | 8 |
| DREAM FINDERS HOMES INC | [DFH](https://holderbook.com/stocks/DFH/) | $2.9M | 170,500 | 2.3% | 8 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.5M | 5,000 | 2.0% | 8 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $2.5M | 5,500 | 2.0% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.0% | +14.8% | -3.9% | 100% |
| Q1 2026 | -9.6% | -4.6% | -4.9% | 100% |
| Q4 2025 | +1.6% | +2.4% | -0.7% | 100% |
| Q3 2025 | +8.1% | +7.8% | +0.2% | 100% |
| Q2 2025 | +3.0% | +10.5% | -7.5% | 100% |
| Q1 2025 | -0.8% | -4.6% | +3.8% | 100% |
| Q4 2024 | -0.9% | +2.1% | -3.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $125.3M | 20 |
| Q1 2026 | $109.3M | 18 |
| Q4 2025 | $119.5M | 18 |
| Q3 2025 | $118.6M | 19 |
| Q2 2025 | $110.8M | 20 |
| Q1 2025 | $105.6M | 20 |
| Q4 2024 | $103.9M | 20 |
| Q3 2024 | $104.8M | 20 |