# EDGAR Filing Document

**Accession Number:** 0001003839
**File Stem:** 0001162044-23-000248
**Filing Date:** 2023-2
**Character Count:** 11830
**Document Hash:** e5160ab9b1e4f0190df0d0baf0d3c9b1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-23-000248.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001162044-23-000248

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MATTHEW 25 FUND
- **CENTRAL INDEX KEY:** 0001003839
- **IRS NUMBER:** 232820705
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07471
- **FILM NUMBER:** 23664564

**BUSINESS ADDRESS:**
- **STREET 1:** 715 TWINING ROAD
- **STREET 2:** SUITE 212
- **CITY:** DRESHER
- **STATE:** PA
- **ZIP:** 19025
- **BUSINESS PHONE:** 2158844458

**MAIL ADDRESS:**
- **STREET 1:** 715 TWINING ROAD
- **STREET 2:** SUITE 212
- **CITY:** DRESHER
- **STATE:** PA
- **ZIP:** 19025

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MATTHEW 25 FUND INC
- **DATE OF NAME CHANGE:** 19951122

## Series and Classes Contracts Data

### MATTHEW 25 FUND (Series ID: S000005937)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000016367 | MATTHEW 25 FUND | mxxvx           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MATTHEW 25 FUND

- **b. Investment Company Act file number:** 811-07471

- **c. CIK number of Registrant:** 0001003839

- **d. LEI of Registrant:** 549300EWCE5Z2PJUEI39

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

  - **Street Address 1:** 715 Twining Road

  - **City:** Dresher

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19025

  - **Telephone number:** 215-884-4458

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

- **a. Name of Series:** Matthew 25 Fund

- **b. EDGAR series identifier (if any):** S000005937

- **c. LEI of Series:** 549300EWCE5Z2PJUEI39

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $239140845.00

**Total Liabilities:** $1121192.00

**Net Assets:** $238019653.00

**Cash Not Reported:** $2500.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016367 | 8.69%                | 5.61%                | -11.18%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-8643109.77             | $29315341.76                               |
| Month 2  | $4367860.78              | $10042489.18                               |
| Month 3  | $3939233.04              | $-34564805.58                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Amazon.com, Inc.                      | Amazon.com, Inc.                                  | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    125000 | NS      | $10500000.00  | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                           | Apple, Inc.                                       | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     85000 | NS      | $11044050.00  | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway, Inc.              | Berkshire Hathaway, Inc. Class A                  | CUSIP: 084670108<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |        25 | NS      | $11717774.00  | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Brandywine Realty Trust               | Brandywine Realty Trust                           | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |    800000 | NS      | $4920000.00   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp, Inc.               | East West Bancorp, Inc.                           | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    155000 | NS      | $10214500.00  | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp.                           | FedEx Corp.                                       | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |    120000 | NS      | $20784000.00  | 8.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corp.   | Federal Agricultural Mortgage Corp. Class A       | CUSIP: 313148108<br>LEI: 549300MS654K78GYF580 | Long             | EC               | CORP              | US        |     80254 | NS      | $7342438.46   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corp.   | Federal Agricultural Mortgage Corp. Class C       | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | CORP              | US        |     95750 | NS      | $10791982.50  | 4.53%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds, Inc.            | First American Government Obligation Fund Class Z | CUSIP: 31846V567<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1766509 | NS      | $1766508.57   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below, Inc.                      | Five Below, Inc.                                  | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |     44500 | NS      | $7870715.00   | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.             | Goldman Sachs Group, Inc.                         | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |    121000 | NS      | $41548980.00  | 17.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Interface, Inc.                       | Interface, Inc.                                   | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |    975000 | NS      | $9623250.00   | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Chase & Co.                 | JP Morgan Chase & Co.                             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     87500 | NS      | $11733750.00  | 4.93%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co., Inc.                       | KKR & Co., Inc. Class A                           | CUSIP: 48251W104<br>LEI: 549300JOHU21WRN2Z451 | Long             | EC               | CORP              | US        |    240000 | NS      | $11140800.00  | 4.68%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard, Inc.                      | MasterCard, Inc. Class A                          | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     10000 | NS      | $3477300.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts, Inc.           | Park Hotels & Resorts, Inc.                       | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |    977500 | NS      | $11524725.00  | 4.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn National Gaming, Inc.            | Penn National Gaming, Inc.                        | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    214500 | NS      | $6370650.00   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris, Inc.                         | Polaris, Inc.                                     | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |    156500 | NS      | $15806500.00  | 6.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualcomm, Inc.                        | Qualcomm, Inc.                                    | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    103500 | NS      | $11378790.00  | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla, Inc.                           | Tesla, Inc.                                       | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    125000 | NS      | $15397500.00  | 6.47%             |  |  |  | No            |                  1 | On Loan: No      |
| The Depository Trust & Clearing Corp. | The Depository Trust & Clearing Corp.             | CUSIP: N/A<br>LEI: MLDY5N6PZ58ZE60QU102       | Long             | EC               | CORP              | US        |         0 | NS      | $4087.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Under Armour Inc                      | Under Armour, Inc. Class C                        | CUSIP: 904311206<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |     10000 | NS      | $89200.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour Inc                      | Under Armour, Inc. Class A                        | CUSIP: 904311107<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |     10000 | NS      | $101600.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                  | Vornado Realty Trust                              | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    165000 | NS      | $3433650.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** Matthew 25 Fund

**Signature:** /s/ Mark Mulholland

**Name of Signer:** Mark Mulholland

**Title:** President, Chief Financial Officer