Bretton Fund’s Q4 2024 Investor Letter

Bretton Capital Management, an investment management company, released “Bretton Fund” fourth quarter 2024 investor letter. The market is experiencing a period of high returns, with two consecutive years of around 25% returns and 15 years of mid-teens returns, prompting investors to be cautious. The average stock market return is around 9-10% per year, historically, based on corporate earnings growth and dividends and buybacks. The 20 companies the fund owns are well-positioned and expected to perform well. Against this backdrop, in the fourth quarter, the fund returned -0.98% compared to 2.41% return for the S&P 500. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

A copy of Bretton Fund’s Q4 2024 investor letter can be downloaded here.