Valley Forge Capital

Q2 2024 13F · by Dev Kantesaria, founder

As of: Jun 30, 2024
Filed: Aug 14, 2024
US stock: $3.9B · prev $3.7B
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 · +3.8 pp out

New 0 0.00 pp
Added 0 0.00 pp
Trimmed 1 +3.76 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 positions91% of US stock

FICO Fair Isaac Corporation trimmed+3.76 pp trimmed+3.7633.8%
SPGI S&P Global Inc. held held19.1%
MA Mastercard Incorporated held held16.9%
MCO Moody's Corporation held held13.3%
INTU Intuit Inc held held7.6%

Positions8 in this filing · 0 exited


FICOFair Isaac Corporation	33.78%	877,748	$1.3B	trimmed−0%	+3.76 pp	25 q
SPGIS&P Global Inc.	19.09%	1,655,561	$738M	held	—	31 q
MAMastercard Incorporated	16.94%	1,484,772	$655M	held	—	31 q
MCOMoody's Corporation	13.26%	1,218,410	$513M	held	—	31 q
INTUIntuit Inc	7.56%	444,881	$292M	held	—	31 q
VVISA Inc.	6.19%	912,017	$239M	held	—	31 q
ASMLASML Holding NV	1.66%	62,903	$64M	held	—	5 q
AZPNAspen Technology Inc	1.52%	295,485	$59M	held	—	9 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001697868-24-000007
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet