The Bretton Fund’s Q3 2026 letter reports a -1.75% return for the quarter, versus +2.30% for the S&P 500. The letter can be downloaded here. Microsoft and SAP were the strongest contributors, while Eagle Materials and Dream Finders Homes suffered from delayed housing recovery. The portfolio remains concentrated in companies such as Alphabet, Ross Stores, UnitedHealth, JPMorgan, and Microsoft. The letter also discusses Mobility Global, spun off from S&P Global. Also, check the Fund’s...
Bretton Fund’s Views on Mobility Global (MBGL)
