Bretton Capital Management, an investment management company, released the “Bretton Fund” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. Bretton Fund returned 1.44% in Q4 2025 compared to 2.66% for the S&P 500 Index. In 2025, the Fund returned 11.58% compared to 17.88% for the Index. Although the market fluctuates daily between excitement and concern regarding a potential bubble in artificial intelligence, the firm views the overall market as not in bubble territory at this stage but is modestly elevated. Given the Fund’s long-term perspective, it is acceptable to reduce more speculative elements of the AI boom, which might resemble a bubble, even if this leads to a temporary lag during strong market phases. The Fund is focusing on areas of value that will provide good returns over the long term. Please review the Fund’s top five holdings to gain insights into their key selections for 2025.
In its fourth-quarter 2025 investor letter, Bretton Fund highlighted stocks like American Express Company (NYSE:AXP). American Express Company (NYSE:AXP) is an integrated payments company that offers credit and charge cards and complementary products and services. On March 04, 2026, American Express Company (NYSE:AXP) stock closed at $311.21 per share. One-month return of American Express Company (NYSE:AXP) was -12.24%, and its shares gained 12.90% over the past 52 weeks. American Express Company (NYSE:AXP) has a market capitalization of $214.378 billion.
Bretton Fund stated the following regarding American Express Company (NYSE:AXP) in its fourth quarter 2025 investor letter:
“American Express Company (NYSE:AXP) cardholders keep swiping—or these days, tapping—their cards and paying their credit card statements on time. Despite increased competition in the high-net-worth segment, their Platinum Card remains a desirable product, with high fees but high rewards. Earnings per share increased 15%, and the stock returned 26%.”
American Express Company (NYSE:AXP) is not on our list of 40 Most Popular Stocks Among Hedge Funds. According to our database, 83 hedge fund portfolios held American Express Company (NYSE:AXP) at the end of the fourth quarter, up from 75 in the previous quarter. While we acknowledge the risk and potential of American Express Company (NYSE:AXP) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than American Express Company (NYSE:AXP) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered American Express Company (NYSE:AXP) and shared a list of best performing long-term stocks to invest in. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
