Valley Forge Capital Management
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Dev Kantesaria's Valley Forge Capital Management reported 8 stock positions worth $4.5 billion. Its top holding was Fair Isaac (FICO) at 34.9% of the portfolio, followed by S&P Global (SPGI, 19.6%) and Mastercard Class A (MA, 16.3%). Compared with Q2 2024, it added to 3 and reduced 1. The biggest buy was ASML Holding NV-NY Reg SHS (ASML, shares +100%) and the biggest sale Fair Isaac (FICO, shares −8%).
- Most Recent 13F
- Q2 2026
- Notable People
- Dev Kantesaria
- Location
- MIAMI, FL
- CIK
- 0001697868
- Portfolio Value
- $4.5B (Q3 2024)
- SEC Filing
- 0001697868-24-000008 ↗ filed Nov 14, 2024
Holdings Value
Holdings 8 stocks · $4.5B
| FICO Fair Isaac Corp. | 34.93% | 808,793 | $1.6B | Reduce -7.9% |
| SPGI S&P Global Inc. | 19.58% | 1,705,898 | $881.3M | Add +3.0% |
| MA Mastercard Inc. Class A | 16.29% | 1,484,772 | $733.2M | No change |
| MCO Moody's Corp. | 13.59% | 1,288,444 | $611.5M | Add +5.8% |
| INTU Intuit Inc. | 6.14% | 444,881 | $276.3M | No change |
| V Visa Inc. Class A | 5.57% | 912,017 | $250.8M | No change |
| ASML ASML Holding NV-NY Reg SHS | 2.33% | 125,627 | $104.7M | Add +99.7% |
| AZPN Aspen Technology Inc. | 1.57% | 295,485 | $70.6M | No change |
Portfolio Sells Q2 2024 → Q3 2024
| FICO Fair Isaac Corp. | Reduce -7.9% | 34.93% | +1.15 |
Portfolio Buys Q2 2024 → Q3 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 7 | $3.1B | FICO, SPGI, MCO, MA, ASML |
| Q1 2026 | 7 | $3.4B | FICO, SPGI, MA, MCO, ASML |
| Q4 2025 | 9 | $4.4B | FICO, SPGI, MA, MCO, V |
| Q3 2025 | 9 | $4.2B | FICO, SPGI, MA, MCO, V |
| Q2 2025 | 9 | $4.5B | FICO, SPGI, MA, MCO, V |
| Q1 2025 | 9 | $4.4B | FICO, SPGI, MA, MCO, V |
| Q4 2024 | 9 | $4.5B | FICO, SPGI, MA, MCO, V |
| Q3 2024 | 8 | $4.5B | FICO, SPGI, MA, MCO, INTU |
| Q2 2024 | 8 | $3.9B | FICO, SPGI, MA, MCO, INTU |
| Q1 2024 | 8 | $3.7B | FICO, MA, SPGI, MCO, INTU |