Valley Forge Capital

Q1 2024 13F · by Dev Kantesaria, founder

As of: Mar 31, 2024
Filed: May 15, 2024
US stock: $3.7B · prev $3.5B
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

0.0 pp in · +0.1 pp out

New 0 0.00 pp
Added 0 0.00 pp
Trimmed 1 +0.13 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

FICO Fair Isaac Corporation trimmed+0.13 pp trimmed+0.1330.0%
MA Mastercard Incorporated held held19.5%
SPGI S&P Global Inc. held held19.2%
MCO Moody's Corporation held held13.1%
INTU Intuit Inc held held7.9%

Positions8 in this filing · 0 exited


FICOFair Isaac Corporation	30.02%	880,748	$1.1B	trimmed−3%	+0.13 pp	24 q
MAMastercard Incorporated	19.50%	1,484,772	$715M	held	—	30 q
SPGIS&P Global Inc.	19.21%	1,655,561	$704M	held	—	30 q
MCOMoody's Corporation	13.06%	1,218,410	$479M	held	—	30 q
INTUIntuit Inc	7.89%	444,881	$289M	held	—	30 q
VVISA Inc.	6.94%	912,017	$255M	held	—	30 q
AZPNAspen Technology Inc	1.72%	295,485	$63M	held	—	8 q
ASMLASML Holding NV	1.66%	62,903	$61M	held	—	4 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001697868-24-000005
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet