Group 1 - Bristlemoon Global Fund achieved a return of 5.0% in the September quarter and 5.6% for September 2025, net of fees [1] - Since its inception, the fund has produced a cumulative return of 19.3%, net of fees, focusing on long-term capital compounding [1] - The fund's top five holdings are highlighted as its best picks for 2025 [1] Group 2 - PAR Technology Corporation (NYSE:PAR) provides omnichannel cloud-based hardware and software solutions for the restaurant and retail sectors [2] - PAR Technology's stock experienced a one-month return of -16.22% and a 52-week decline of 35.99%, closing at $36.20 per share on October 10, 2025, with a market capitalization of $1.469 billion [2] - The stock has been part of the Bristlemoon Global Fund portfolio since inception, but it faced a significant drawdown, falling 44% from $71 per share in late July to around $40 at the end of September [3]