Valley Forge Capital Management, LP

CIK 1697868 · View on SEC EDGAR ↗

Portfolio value
$3.1B
#1,138 of 9,443 by 13F value · top 12.1%
Positions
7
As of
June 30, 2026

Portfolio value QoQ: -7.7% 13F does not disclose cash

Top 10 holdings weight
100.00%
Top 25 holdings weight
100.00%
Positions above 1%
7
Effective number of positions
5.3

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 0.0% Est. buys $0 · sells $474,491,649

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 77.8% still held

New positions
0
Increased
0
Decreased
4
Closed
2
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
-16.0%
S&P 500 total return (same window)
+28.1%
Excess return
-44.1%

Annualized: -11.0% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 100.0% · Options excluded: 0.0%

Sector breakdown

Financial Services
61.7%
Technology
38.3%

Full portfolio 7 positions

Type Streak 8Q trend
FICO Fair Isaac Corporation Common Stock $803,114,389 25.77% 672,186 $-18,188,970 Down ×2
SPGI S&P Global Inc. Common Stock $620,678,901 19.92% 1,524,036 $-127,100,294 Down ×2
MCO Moody's Corporation Common Stock $596,580,789 19.14% 1,317,188 $21,957,524
MA Mastercard Incorporated Common Stock $547,463,702 17.57% 1,065,934 $-195,778,549 Down ×1
ASML ASML Holding N.V. - New York Registry Shares $340,359,364 10.92% 171,083 $114,387,805
V Visa Inc. $158,843,122 5.10% 462,978 $-22,123,985 Down ×2
INTU Intuit Inc. - Common Stock $49,347,792 1.58% 189,072 $-32,403,159

Top movers (QoQ)

Security Action Shares Δ Value Δ
MA Trimmed -422K -$195.8M
SPGI Trimmed -234K -$127.1M
ASML Price move only +0 +$114.4M
INTU Price move only +0 -$32.4M
V Trimmed -136K -$22.1M
MCO Price move only +0 +$22.0M
FICO Trimmed -97K -$18.2M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
MSCI March 31, 2026 60,770 $34,865,572 4.9%
EFX March 31, 2026 146,352 $31,755,457 7.5%