Matthew 25 Fund

What Matthew 25 Fund does

The Matthew 25 Fund (ticker: MXXVX) is a US-registered, open-ended, non-diversified no-load mutual fund that has been operating since October 16, 1995. It seeks long-term capital appreciation through a blended growth-and-value equity strategy, evaluating securities across four dimensions — Business, Management, Financial strength, and Price — applied across companies ranging from approximately US$50 million to over US$100 billion in market capitalization, including foreign-listed securities. The fund is highly concentrated, typically holding 12 to 30 securities at a time and permitted to allocate up to 25% of assets to a single position, which distinguishes it from most diversified mutual funds. Recent portfolio holdings disclosed via proxy voting records span large-cap US and foreign names including Nvidia, Amazon, Apple, JPMorgan Chase, Berkshire Hathaway, Goldman Sachs, Taiwan Semiconductor, and MercadoLibre.

The fund is managed by Matthew 25 Management Corp., a Mark Mulholland-owned investment adviser that has served in that capacity since July 8, 1996. Mulholland is sole owner, director, and officer of the adviser and president of the fund, with direct day-to-day responsibility for portfolio management and personal co-investment as one of the largest fund shareholders. The offering is restricted to US citizens and residents, with a US$10,000 minimum initial investment, US$100 minimum subsequent purchases, a 2% short-term redemption fee on shares held one year or less, and no sales charges or 12b-1 fees.

Revenue is generated entirely through a 1.10% annual expense ratio on assets under management (FY ended 12/31/2025). Distribution is direct-only via telephone (888-M25-FUND), mail, and the website matthew25fund.com, with online account servicing through a third-party portal (mutualss.net); IRA sub-products (Traditional, Roth, Simple, SEP) are supported. The fund is operationally mature, 30+ years old, with no disclosed funding rounds, M&A activity, or recent product launches beyond routine prospectus updates.

Name

Matthew 25 Fund

Legal name

Matthew 25 Fund

Website

https://matthew25fund.com

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

501–1,000 employees

Short description

The Matthew 25 Fund (MXXVX) is a US no-load, non-diversified growth-and-value mutual fund operating since 1995, serving long-term US retail investors through direct distribution and a concentrated 12-30 security portfolio managed by founder Mark Mulholland.

Ownership category

akta.pro rank

Headquarters

HQ city

Dresher

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Mutual Fund Management Fees: The fund charges an expense ratio of 1.10% (for year ended 12/31/2025) to cover management operations. This is a continuous fee based on assets under management. The fund has no sales charges or 12b-1 fees. A short-term redemption fee of 2% applies to shares held for one year or less.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

The Matthew 25 Fund (MXXVX) is a no-load, open-ended, non-diversified growth and value mutual fund that seeks long-term capital appreciation through investments in common stocks, securities convertible into common stocks, preferred stocks, and bonds. The fund blends growth and value investing, applying a four-category fundamental analysis (Business, Management, Financial, Price) to construct a concentrated portfolio of typically 12-30 securities, with the ability to invest up to 25% of assets in a single company. The fund is offered exclusively to US citizens and residents with a minimum initial investment of $10,000.

Product overview

The Matthew 25 Fund is a single, unified no-load growth and value mutual fund (ticker: MXXVX). The Fund operates as an open-ended, non-diversified investment company seeking long-term capital appreciation primarily through investments in common stocks, convertible securities, preferred stocks, and bonds. The Fund employs a concentrated investment approach, typically holding 12-30 securities with the ability to invest up to 25% of assets in a single security. The Fund offers IRA account options (Traditional, Roth, Simple, and SEP IRAs) and is available to U.S. citizens and residents with a minimum initial investment of $10,000.

Differentiator

Problem solved

Functional benefit

Products and services

• Matthew 25 Fund (MXXVX) A no-load, open-ended, non-diversified growth and value mutual fund that seeks long-term capital appreciation through investments in common stocks, securities convertible into common stocks, preferred stocks, and bonds, applying a four-category fundamental analysis framework (Business, Management, Financial, Price) to a concentrated portfolio of typically 12-30 securities, with the ability to invest up to 25% of assets in a single position. The Fund is offered only to US citizens and residents with a minimum initial investment of $10,000.
• IRA Accounts (Traditional, Roth, Simple, SEP) Tax-advantaged Individual Retirement Account options allowing investors to hold Matthew 25 Fund shares, including Traditional IRA, Roth IRA, Simple IRA, and SEP IRA, with support for rollovers from pension and profit sharing plan distributions.

Named customers13 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves4 records

Expansion highlights2 records

Direct peers

• Sequoia Fund: Long-running, highly concentrated, no-load value-oriented mutual fund managed by Ruane, Cunniff & Goldfarb. Closely comparable to Matthew 25 in its concentrated high-conviction approach, long-term capital appreciation focus, and direct distribution to individual investors.
• Dodge & Cox Stock Fund: Long-running, no-load, value-oriented mutual fund with a multi-decade track record and a more concentrated portfolio than typical large-fund peers. Closely comparable to Matthew 25 in long-term value philosophy, no-load structure, and direct distribution.
• Weitz Funds: Family of no-load, value-oriented mutual funds (including Weitz Partners Value) pursuing concentrated long-term equity investments. Directly comparable to Matthew 25 in concentrated active management and value philosophy.
• Oakmark Fund: Value-oriented, no-load mutual fund run by Harris Associates with concentrated holdings and a long-term investment horizon. Directly comparable to Matthew 25 in active value-driven equity selection and willingness to take meaningful single-name positions.
• Tweedy Browne Funds: Long-running, no-load, value-oriented mutual fund manager pursuing long-term capital appreciation through concentrated equity positions including international securities. Directly comparable to Matthew 25 in active value investing and willingness to invest in foreign securities.
• Ariel Fund: No-load, actively managed value-oriented mutual fund from Ariel Investments with a focused portfolio of US equities. Directly comparable to Matthew 25 in its value/growth blend approach, no-load structure, and long-term capital appreciation mandate.
• FPA Crescent Fund: No-load, concentrated mutual fund from First Pacific Advisors pursuing long-term capital appreciation through a focused equity portfolio. Directly comparable to Matthew 25 in concentrated active management and long-term investment orientation.
• Longleaf Partners Fund: Concentrated value mutual fund run by Southeastern Asset Management with a small number of high-conviction holdings and willingness to take large positions. Directly comparable to Matthew 25's concentrated long-term value-oriented equity approach.
• Fairholme Fund: Concentrated, no-load mutual fund run by Fairholme Capital Management, pursuing deep-value investing with a small number of high-conviction positions. Directly comparable to Matthew 25's concentrated active approach and direct-to-investor model.

Broad incumbents

• American Funds (Capital Group): Large, established family of actively managed mutual funds from Capital Group with broad multi-manager value/growth/blend strategies. Comparable to Matthew 25 in product type (open-end mutual fund, growth/value blend) but operates as a much broader incumbent with intermediary distribution at scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/matthew-25-fund-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Matthew 25 Fund