Valley Forge Capital

Q1 2017 13F · by Dev Kantesaria, founder

As of: Mar 31, 2017
Filed: May 15, 2017
US stock: $128M · prev $110M
Positions: 8 · prev 8
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves1 since the prior filing

+0.3 pp in · 0.0 pp out

New 0 0.00 pp
Added 1 +0.26 pp
Trimmed 0 0.00 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 4 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 0.0% a year

Low
Moderate
High

Top 5 positions90% of US stock

MCO Moody's Corporation held held30.6%
SPGI S&P Global Inc. held held29.7%
MNST Monster Beverage Corporation added+0.26 pp added+0.2618.8%
V VISA Inc. held held5.7%
NKE Nike, Inc. held held5.4%

Positions8 in this filing · 0 exited


MCOMoody's Corporation	30.64%	351,415	$39M	held	—	2 q
SPGIS&P Global Inc.	29.73%	292,209	$38M	held	—	2 q
MNSTMonster Beverage Corporation	18.75%	521,745	$24M	added+14%	+0.26 pp	2 q
VVISA Inc.	5.67%	82,000	$7M	held	—	2 q
NKENike, Inc.	5.43%	125,084	$7M	held	—	2 q
INTUIntuit Inc	5.28%	58,500	$7M	held	—	2 q
MAMastercard Incorporated	3.04%	34,750	$4M	held	—	2 q
AZPNAspen Technology Inc	1.45%	31,713	$2M	held	—	2 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001697868-17-000002
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet