Bretton Capital Management, LLC Long-Term Concentrated

Location: San Francisco, CA

CIK: 0002043671 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 12, 2026

Total Value: $125M (100.0% shares, 0.0% debt)

Holdings (20)

New Positions (2)

— SAP SE 3.4%

Value $4.315M Shares 28,000 Est. Cost $154.11 Unrealized —

CNSWF Constellation Software, Inc. 3.3%

Value $4.093M Shares 2,100 Est. Cost $1949.03 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	SAP SE	28,000	$4.315M	3.4%	$154.11	—	SAP	803050205
CNSWF	Constellation Software, Inc.	2,100	$4.093M	3.3%	$1949.03	—	CSU.TO	21037X100

Increased Positions (1)

NVR NVR, Inc. 4.3%

Value $5.383M (+18.4%) Shares 790 (+14.5%) Est. Cost $8487.26 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVR	NVR, Inc.	790 (+14.5%)	$5.383M (+18.4%)	4.3%	$8487.26	—	NVR	62944T105

Decreased Positions (3)

TJX The TJX Companies, Inc. 3.6%

Value $4.545M (-39.4%) Shares 30,000 (-36.2%) Est. Cost $112.73 Unrealized —

MCO Moody's Corporation 2.0%

Value $2.491M (-31.2%) Shares 5,500 (-33.7%) Est. Cost $458.71 Unrealized —

BRK/B Berkshire Hathaway Inc. - Class B 2.0%

Value $2.502M (-30.4%) Shares 5,000 (-33.3%) Est. Cost $442.18 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TJX	The TJX Companies, Inc.	30,000 (-36.2%)	$4.545M (-39.4%)	3.6%	$112.73	—	TJX	872540109
MCO	Moody's Corporation	5,500 (-33.7%)	$2.491M (-31.2%)	2.0%	$458.71	—	MCO	615369105
BRK/B	Berkshire Hathaway Inc. - Class B	5,000 (-33.3%)	$2.502M (-30.4%)	2.0%	$442.18	—	BRK.B.N	084670702

Unchanged Positions (14)

GOOG Alphabet Inc. - Class C 16.1%

Value $20.14M Shares 57,000 Est. Cost $168.24 Unrealized —

UNH UnitedHealth Group Incorporated 7.2%

Value $9.019M Shares 21,700 Est. Cost $438.02 Unrealized —

BAC Bank of America Corporation 5.7%

Value $7.179M Shares 126,000 Est. Cost $38.77 Unrealized —

AXP American Express Company 6.2%

Value $7.814M Shares 23,100 Est. Cost $245.13 Unrealized —

EXP Eagle Materials Inc. 4.1%

Value $5.197M Shares 23,100 Est. Cost $242.10 Unrealized —

JPM JPMorgan Chase & Co. 6.3%

Value $7.856M Shares 24,000 Est. Cost $204.96 Unrealized —

V Visa Inc. - Class A 4.9%

Value $6.107M Shares 17,800 Est. Cost $267.71 Unrealized —

PGR The Progressive Corporation 5.8%

Value $7.296M Shares 33,400 Est. Cost $214.15 Unrealized —

DFH Dream Finders Homes, Inc. Class A 2.3%

Value $2.943M Shares 170,500 Est. Cost $28.73 Unrealized —

AZO AutoZone, Inc. 5.1%

Value $6.392M Shares 2,000 Est. Cost $3070.23 Unrealized —

SPGI S&P Global, Inc. 3.0%

Value $3.788M Shares 9,300 Est. Cost $489.86 Unrealized —

MA MasterCard Incorporated - Class A 4.5%

Value $5.639M Shares 10,980 Est. Cost $472.99 Unrealized —

ROST Ross Stores, Inc. 5.9%

Value $7.386M Shares 34,700 Est. Cost $145.34 Unrealized —

MSFT Microsoft Corporation 4.2%

Value $5.222M Shares 14,000 Est. Cost $424.09 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	Alphabet Inc. - Class C	57,000	$20.14M	16.1%	$168.24	—	GOOG	02079K107
UNH	UnitedHealth Group Incorporated	21,700	$9.019M	7.2%	$438.02	—	UNH	91324P102
BAC	Bank of America Corporation	126,000	$7.179M	5.7%	$38.77	—	BAC	060505104
AXP	American Express Company	23,100	$7.814M	6.2%	$245.13	—	AXP	025816109
EXP	Eagle Materials Inc.	23,100	$5.197M	4.1%	$242.10	—	EXP	26969P108
JPM	JPMorgan Chase & Co.	24,000	$7.856M	6.3%	$204.96	—	JPM	46625H100
V	Visa Inc. - Class A	17,800	$6.107M	4.9%	$267.71	—	V	92826C839
PGR	The Progressive Corporation	33,400	$7.296M	5.8%	$214.15	—	PGR	743315103
DFH	Dream Finders Homes, Inc. Class A	170,500	$2.943M	2.3%	$28.73	—	DFH	26154D100
AZO	AutoZone, Inc.	2,000	$6.392M	5.1%	$3070.23	—	AZO	053332102
SPGI	S&P Global, Inc.	9,300	$3.788M	3.0%	$489.86	—	SPGI	78409V104
MA	MasterCard Incorporated - Class A	10,980	$5.639M	4.5%	$472.99	—	MA	57636Q104
ROST	Ross Stores, Inc.	34,700	$7.386M	5.9%	$145.34	—	ROST	778296103
MSFT	Microsoft Corporation	14,000	$5.222M	4.2%	$424.09	—	MSFT	594918104