Valley Forge Capital Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Dev Kantesaria's Valley Forge Capital Management reported 9 stock positions worth $4.4 billion. Its top holding was Fair Isaac (FICO) at 32.3% of the portfolio, followed by S&P Global (SPGI, 20.3%) and Mastercard Class A (MA, 18.5%). Compared with Q4 2024, it reduced 2. The biggest sale was Fair Isaac (FICO, shares −2%).
- Most Recent 13F
- Q2 2026
- Notable People
- Dev Kantesaria
- Location
- MIAMI, FL
- CIK
- 0001697868
- Portfolio Value
- $4.4B (Q1 2025)
- SEC Filing
- 0001697868-25-000004 ↗ filed May 15, 2025
Holdings Value
Holdings 9 stocks · $4.4B
| FICO Fair Isaac Corp. | 32.29% | 768,422 | $1.4B | Reduce -2.0% |
| SPGI S&P Global Inc. | 20.32% | 1,755,098 | $891.8M | No change |
| MA Mastercard Inc. Class A | 18.54% | 1,484,772 | $813.8M | No change |
| MCO Moody's Corp. | 13.94% | 1,314,144 | $612.0M | No change |
| V Visa Inc. Class A | 7.28% | 912,017 | $319.6M | No change |
| INTU Intuit Inc. | 4.16% | 297,360 | $182.6M | Reduce -26.1% |
| ASML ASML Holding NV-NY Reg SHS | 1.90% | 125,627 | $83.2M | No change |
| EFX Equifax Inc. | 0.80% | 144,000 | $35.1M | No change |
| MSCI MSCI Inc. | 0.77% | 59,700 | $33.8M | No change |
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
| None this quarter. | |||
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 |