Berkshire Focus Fund
BFOCX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 475 Milan Drive, Suite 103 San Jose CA United States of America 95134
- IPO Date
- Jun 30, 1997
- CIK
- 0001030979
- Website
- berkshirefunds.com
- Similar Companies
- Business
- Berkshire Focus Fund (BFOCX) is a mutual fund that invests primarily in common stocks selected for their long-term growth potential, with a concentration of more than 25% and up to 100% of assets in the electronic technology industry; it may invest in companies of any size, without limitation in foreign securities, and certain types of exchange-traded funds. The fund offers investors exposure to high-growth sectors including technology hardware, semiconductors, software, and related consumer cyclical and healthcare stocks, with top holdings as of June 30, 2025, comprising NVIDIA Corp., Cloudflare Inc., Taiwan Semiconductor Manufacturing Co. Ltd., Palantir Technologies Inc., Coinbase Global Inc., Robinhood Markets Inc., DoorDash Inc., Meta Platforms Inc., Affirm Holdings Inc., and AppLovin Corp. Managed by Berkshire Capital Holdings, Inc., the fund features a high expense ratio of approximately 1.94% to 1.97% and a minimum initial investment of $5,000, targeting growth-oriented investors seeking mid-cap to large-cap opportunities in U.S. and global markets. Launched on June 30, 1997, the fund is headquartered in Palo Alto, California, through its investment adviser Berkshire Capital Holdings, Inc., at 228 Hamilton Avenue, 3rd Floor, with shareholder services provided via Mutual Shareholder Services, LLC in Broadview Heights, Ohio. As of June 30, 2025, total net assets stand at $285.9 million, reflecting strong performance with year-to-date returns of 15.61%, one-year returns of 42.69%, and a 10-year annualized return of 14.98%, outperforming benchmarks such as the S&P 500. The portfolio exhibits high turnover at 1,614% and remains non-dividend paying in recent years, with a 2% redemption fee on shares held less than 90 days. In recent developments, the fund has maintained its technology-focused growth strategy under long-serving Portfolio Manager Malcolm R. Fobes III, who has managed it since inception, amid no reported acquisitions, mergers, or major reorganizations within the last two years; portfolio shifts reflect evolving top holdings toward AI, cloud computing, fintech, and delivery platforms as of mid-2025. Total assets grew from $236.9 million as of September 2024 to $285.9 million by June 2025, signaling robust inflows amid exceptional 2024 performance exceeding 59%. The fund continues operations without noted strategic alliances or product launches beyond its core equity offerings.