Valley Forge Capital Management
Dev KantesariaMIAMI, FLfiles as Valley Forge Capital Management, LP
$3.1bn in 7 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 7.8% of the portfolio this quarter.
Value
$3.1bn
Stocks
7
Top 10 share
100.0%
Turnover
7.8%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
- Fair IsaacFICO25.8% of the fund-13%
- S&P GlobalSPGI19.9% of the fund-13%
- MastercardMA17.6% of the fund-28%
- VisaV5.1% of the fund-23%
Sold out
Sold their entire stake.
None this quarter.
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Fair IsaacFICO | 25.8% | $803m | 672,186 | -13% |
| S&P GlobalSPGI | 19.9% | $621m | 1,524,036 | -13% |
| Moody'sMCO | 19.1% | $597m | 1,317,188 | Held |
| MastercardMA | 17.6% | $547m | 1,065,934 | -28% |
| ASML Holding NVASML | 10.9% | $340m | 171,083 | Held |
| VisaV | 5.1% | $159m | 462,978 | -23% |
| IntuitINTU | 1.6% | $49m | 189,072 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 31.2% since 30 June 2025.
Where the money is
Financial services61.7%
Technology27.4%
Industrials10.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.