# EDGAR Filing Document

**Accession Number:** 0001103243
**File Stem:** 0001413042-26-000120
**Filing Date:** 2026-2
**Character Count:** 9542
**Document Hash:** 25e8aa6565d38fcec2dee783ef39ff83
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-26-000120.hdr.sgml**: 20260220

**ACCESSION NUMBER**: 0001413042-26-000120

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260220

**DATE AS OF CHANGE**: 20260220

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PFS FUNDS
- **CENTRAL INDEX KEY:** 0001103243

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09781
- **FILM NUMBER:** 26656903

**BUSINESS ADDRESS:**
- **STREET 1:** 1939 FRIENDSHIP DRIVE
- **STREET 2:** STE C
- **CITY:** EL CAJON
- **STATE:** CA
- **ZIP:** 92020
- **BUSINESS PHONE:** 6185889700

**MAIL ADDRESS:**
- **STREET 1:** 1939 FRIENDSHIP DRIVE
- **STREET 2:** STE C
- **CITY:** EL CAJON
- **STATE:** CA
- **ZIP:** 92020

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PREMIER FUNDS TRUST
- **DATE OF NAME CHANGE:** 20100119

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WIRELESS FUND
- **DATE OF NAME CHANGE:** 20000113

## Series and Classes Contracts Data

### Bretton Fund (Series ID: S000030100)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000092443 | Bretton Fund | BRTNX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** PFS FUNDS

- **b. Investment Company Act file number:** 811-09781

- **c. CIK number of Registrant:** 0001103243

- **d. LEI of Registrant:** 549300QPH5FGDXI8HN15

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1939 FRIENDSHIP DRIVE STE C

  - **City:** EL CAJON

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92020

  - **Telephone number:** 619-588-9700

**Item A.2. Information about the Series.**

- **a. Name of Series:** Bretton Fund

- **b. EDGAR series identifier (if any):** S000030100

- **c. LEI of Series:** 5493005U1MJFY8J33W25

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $122833639.25

**Total Liabilities:** $141352.36

**Net Assets:** $122692286.89

**Cash Not Reported:** $3319553.19

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092443 | -1.75%               | 4.22%                | -0.93%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-372378.10              | $-1681404.90                               |
| Month 2  | $0.00                    | $5057974.50                                |
| Month 3  | $0.00                    | $-1126027.80                               |

### Schedule of Portfolio Investments

| Name                            | Title                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alphabet Inc.                   | Alphabet Inc. - Class C             | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     57000 | NS      | $17886600.00  | 14.58%            |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company        | American Express Company            | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     23100 | NS      | $8545845.00   | 6.97%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone, Inc.                  | AutoZone, Inc.                      | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      2000 | NS      | $6783000.00   | 5.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corporation     | Bank of America Corporation         | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    126000 | NS      | $6930000.00   | 5.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.         | Berkshire Hathaway Inc. - Class B   | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      7500 | NS      | $3769875.00   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Dream Finders Homes, Inc.       | Dream Finders Homes, Inc. - Class A | CUSIP: 26154D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    170500 | NS      | $2915550.00   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials, Inc.           | Eagle Materials Inc.                | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     23100 | NS      | $4774308.00   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.            | JPMorgan Chase & Co.                | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     24000 | NS      | $7733280.00   | 6.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated         | MasterCard Incorporated - Class A   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      9380 | NS      | $5354854.40   | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation           | Microsoft Corporation               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     12800 | NS      | $6190336.00   | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corporation             | Moody's Corporation                 | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      8300 | NS      | $4240055.00   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR, Inc.                       | NVR, Inc.                           | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |       690 | NS      | $5032011.30   | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores, Inc.               | Ross Stores, Inc.                   | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     34700 | NS      | $6250858.00   | 5.09%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc.                 | S&P Global Inc.                     | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      9300 | NS      | $4860087.00   | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation     | The Progressive Corporation         | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     33400 | NS      | $7605848.00   | 6.20%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies, Inc.         | The TJX Companies, Inc.             | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     47000 | NS      | $7219670.00   | 5.88%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Incorporated | UnitedHealth Group Incorporated     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     21700 | NS      | $7163387.00   | 5.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc.                       | Visa Inc. - Class A                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     17800 | NS      | $6242638.00   | 5.09%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-19

**Name of Applicant:** PFS Funds

**Signature:** /s/ Jeffrey R. Provence

**Name of Signer:** Jeffrey R. Provence

**Title:** Secretary and Treasurer