Valley Forge Capital

Q3 2019 13F · by Dev Kantesaria, founder

As of: Sep 30, 2019
Filed: Nov 14, 2019
US stock: $448M · prev $422M
Positions: 9 · prev 9
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%

Moves4 since the prior filing

+2.9 pp in · 0.0 pp out

New 0 0.00 pp
Added 4 +2.88 pp
Trimmed 0 0.00 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 5 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 0.0% a year

Low
Moderate
High

Top 5 positions90% of US stock

SPGI S&P Global Inc. held held23.0%
FICO Fair Isaac Corporation held held22.6%
MCO Moody's Corporation added+0.94 pp added+0.9420.4%
V VISA Inc. added−0.75 pp added−0.7518.5%
INTU Intuit Inc held held5.6%

Positions9 in this filing · 0 exited


SPGIS&P Global Inc.	23.04%	421,407	$103M	held	—	12 q
FICOFair Isaac Corporation	22.56%	333,078	$101M	held	—	6 q
MCOMoody's Corporation	20.43%	446,915	$92M	added+6%	+0.94 pp	12 q
VVISA Inc.	18.54%	482,922	$83M	added+3%	−0.75 pp	12 q
INTUIntuit Inc	5.62%	94,641	$25M	held	—	12 q
MAMastercard Incorporated	4.66%	76,850	$21M	added×2.1	+2.42 pp	12 q
ADSKAutodesk Inc	3.56%	108,050	$16M	held	—	5 q
AZPNAspen Technology Inc	1.20%	43,813	$5M	added+38%	+0.27 pp	12 q
AMZNAmazon.Com Inc	0.39%	1,000	$2M	held	—	6 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001697868-19-000005
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet