Bretton Fund BRTNX Upward Yesterday,
BRTNX was up 0.62% despite downer day on Wall Street, propelled by its second largest holding, Gap, Inc, up 12.75%. Today, the fund is up another 1.76%. YTD, it's up 17.02%. Like Bruce Berkowitz's Fairholme Allocation Fund FAAFX, Stephen Dodson's Bretton Fund has the courage of its convictions with only 16 stock holdings. Its two top holdings, Ross Stores and Gap, are each up 80% this past year. MFO first reviewed Bretton in February. The other intriguing high concentration fund of late is Cook & Bynum Fund COBYX, reviewed by MFO this week.
Since Bretton's inception late 2010, it's actually bested them both, along with SP500:
In fact, Bretton has done better than several other notables, including FPA_Crescent FPACX, Oakmark Equity & Income OAKBX, Dodge & Cox Balanced DODBX, Parnassus Equity Income PRBLX, and even Sequoia SEQUX:
Can you believe?
Many newish funds N/A Scottrade..other broker's have? Some smaller funds appear only available through the fund directly (Oceanstone I think is.) TSILX may be another instance of that - not sure about BRTNX.
Ameritrade seems pretty good about adding many new funds within a reasonable time frame. Etrade is not.
Many newish funds N/A Scottrade..other broker's have? I like to check the new funds mentioned in David's Commentary (and by others here). But, almost always, when I check Scottrade (sometimes just for curiosity), the funds are not available there (i.e., TSILX, BRTNX, OSFDX, etc.). Are there any other brokerages that update their availability list more quickly for new funds?