Managers / Q1 2026
Bretton Capital Management, LLC
CIK 0002043671 · 535 MISSION ST 14TH FLOOR, SAN FRANCISCO, CA, 94105 · 4157387640
Summary
Bretton Capital Management, LLC reported $109M in U.S.-listed holdings across 18 positions for Q1 2026.
Its largest position, GOOG, represents 15.0% of the portfolio.
The book was largely unchanged from Q4 2025.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 100.0% · $109M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| MAMasterCard Incorporated - Class A | ADDED | +1.6K | 11.0K | +$131,413 | $5M |
| MSFTMicrosoft Corporation | ADDED | +1.2K | 14.0K | −$1M | $5M |
| AXPAmerican Express Company | HELD | +0 | 23.1K | −$2M | $7M |
| GOOGAlphabet Inc. - Class C | HELD | +0 | 57.0K | −$2M | $16M |
| UNHUnitedHealth Group Incorporated | HELD | +0 | 21.7K | −$1M | $6M |
| ROSTRoss Stores, Inc. | HELD | +0 | 34.7K | +$1M | $8M |
| PGRThe Progressive Corporation | HELD | +0 | 33.4K | −$984,632 | $7M |
| SPGIS&P Global, Inc. | HELD | +0 | 9.3K | −$904,425 | $4M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | GOOGAlphabet Inc. - Class Chistory → | GOOG | 14.96% | $16M | 57.0K |
| 2 | ROSTRoss Stores, Inc.history → | ROST | 6.88% | $8M | 34.7K |
| 3 | TJXThe TJX Companies, Inc.history → | TJX | 6.87% | $8M | 47.0K |
| 4 | JPMJPMorgan Chase & Co.history → | JPM | 6.46% | $7M | 24.0K |
| 5 | AXPAmerican Express Companyhistory → | AXP | 6.39% | $7M | 23.1K |
| 6 | AZOAutoZone, Inc.history → | AZO | 6.18% | $7M | 2.0K |
| 7 | PGRThe Progressive Corporationhistory → | PGR | 6.06% | $7M | 33.4K |
| 8 | BACBank of America Corporationhistory → | BAC | 5.62% | $6M | 126.0K |
| 9 | UNHUnitedHealth Group Incorporatedhistory → | UNH | 5.37% | $6M | 21.7K |
| 10 | MAMasterCard Incorporated - Class Ahistory → | MA | 5.02% | $5M | 11.0K |
| 11 | VVisa Inc. - Class Ahistory → | V | 4.92% | $5M | 17.8K |
| 12 | MSFTMicrosoft Corporationhistory → | MSFT | 4.74% | $5M | 14.0K |
| 13 | NVRNVR, Inc.history → | NVR | 4.16% | $5M | 690 |
| 14 | EXPEagle Materials Inc.history → | EXP | 4.00% | $4M | 23.1K |
| 15 | SPGIS&P Global, Inc.history → | SPGI | 3.62% | $4M | 9.3K |
| 16 | DUTMoody's Corporationhistory → | MCO | 3.31% | $4M | 8.3K |
| 17 | BRK/BBerkshire Hathaway Inc. - Class Bhistory → | BRK.B.N | 3.29% | $4M | 7.5K |
| 18 | DFHDream Finders Homes, Inc. Class Ahistory → | DFH | 2.17% | $2M | 170.5K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $109M | 18 | May 4, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $119M | 18 | Jan 26, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $119M | 19 | Oct 17, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $111M | 20 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $106M | 20 | May 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $104M | 20 | Feb 11, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $105M | 20 | Nov 6, 2024 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.