Bretton Capital Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 17, 2025), Bretton Capital Management, LLC reported 19 stock positions worth $118.6 million. Its top holding was Alphabet Class C (GOOG) at 11.7% of the portfolio, followed by AutoZone (AZO, 7.2%) and Progressive (PGR, 7.0%). Compared with Q2 2025, it sold out of 1 and added to 2. The biggest buy was Unitedhealth (UNH, shares +30%) and the biggest sale an exit from Union Pacific (UNP).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0002043671
- Portfolio Value
- $118.6M (Q3 2025)
- SEC Filing
- 0001162044-25-001021 ↗ filed Oct 17, 2025
Holdings Value
Holdings 19 stocks · $118.6M
| GOOG Alphabet Inc. Class C | 11.70% | 57,000 | $13.9M | No change |
| AZO AutoZone Inc. | 7.23% | 2,000 | $8.6M | No change |
| PGR Progressive Corp. | 6.95% | 33,400 | $8.2M | No change |
| AXP American Express Co. | 6.47% | 23,100 | $7.7M | No change |
| JPM JPMorgan Chase & Co. | 6.38% | 24,000 | $7.6M | No change |
| UNH Unitedhealth Group Inc. | 6.32% | 21,700 | $7.5M | Add +29.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 5.73% | 47,000 | $6.8M | No change |
| MSFT Microsoft Corp. | 5.59% | 12,800 | $6.6M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 5.48% | 126,000 | $6.5M | No change |
| V Visa Inc. Class A | 5.12% | 17,800 | $6.1M | No change |
| NVR NVR Inc. | 4.67% | 690 | $5.5M | No change |
| EXP Eagle Materials Inc. | 4.54% | 23,100 | $5.4M | Add +17.9% |
| MA Mastercard Inc. Class A | 4.50% | 9,380 | $5.3M | No change |
| ROST Ross Stores Inc. | 4.46% | 34,700 | $5.3M | No change |
| SPGI S&P Global Inc. | 3.82% | 9,300 | $4.5M | No change |
| DFH Dream Finders Homes Inc. Class A | 3.73% | 170,500 | $4.4M | No change |
| MCO Moody's Corp. | 3.33% | 8,300 | $4.0M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 3.18% | 7,500 | $3.8M | No change |
| RVTY Revvity Inc. | 0.81% | 11,000 | $964K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| UNP Union Pacific Corp. | Sold out | 0.00% | −3.19 |
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 20 | $125.3M | GOOG, UNH, JPM, AXP, ROST |
| Q1 2026 | 18 | $109.3M | GOOG, ROST, TJX, JPM, AXP |
| Q4 2025 | 18 | $119.5M | GOOG, AXP, JPM, PGR, TJX |
| Q3 2025 | 19 | $118.6M | GOOG, AZO, PGR, AXP, JPM |
| Q2 2025 | 20 | $110.8M | GOOG, PGR, AZO, AXP, JPM |
| Q1 2025 | 20 | $105.6M | PGR, GOOG, AZO, V, AXP |
| Q4 2024 | 20 | $103.9M | GOOG, PGR, AXP, AZO, JPM |
| Q3 2024 | 20 | $104.8M | GOOG, PGR, NVR, AZO, AXP |