Bretton Capital Management 26 Followers

Summary

Microsoft’s stock jumped 38% and added 1.6% to performance, while SAP also added 1.6%. Ross was the other main contributor, adding 0.6%.

Similar to last quarter, we lagged the broader market as some of the secondary and tertiary beneficiaries of the AI boom (think low-end computer hardware, HVAC equipment) continued their hot streak.

At the beginning of July, S&P Global spun off its automotive business into a separate company, Mobility Global.

syahrir maulana/iStock via Getty Images

Dear Fellow Shareholders:

As the scare over AI replacing software abated, our software stocks performed well and two of them were the biggest contributors to the fund this quarter: Microsoft’s (MSFT) stock jumped 38% and added 1.6% to performance, while SAP (SAP) also added 1.6%. Ross (ROST) was the other main contributor, adding 0.6%.…