Valley Forge
Portfolio value$3.1B
Positions7
QuarterQ2 2026ended 2026-06-30
Filed08/142026
Valley Forge Capital Management, LP's Q2 2026 13F, filed Aug 14, 2026, reports 7 positions worth $3.1B. The ten largest are 100.0% of the book, led by Fair Isaac at 25.8%, S&P Global at 19.9% and Moody's at 19.1%. Against Q1 2026: 0 bought, 0 added to, 4 reduced, 0 sold; the largest moves were reduced Mastercard (−28%) and reduced Fair Isaac (−13%).
Where the money is
FICOSPGIMCOMAASMLV
Holdings
| Ticker | Issuer | Weight | Value | Q-end → now | Price vs model | Change |
|---|---|---|---|---|---|---|
| FICO | Fair Isaac Corp | 25.8% | $803.1M672,186 sh | 1,194.78 → −35% | at model | reduced −13% |
| SPGI | S&p Global INC | 19.9% | $620.7M1.5M sh | 407.26 → +5% | 39% overvalued | reduced −13% |
| MCO | Moodys Corp | 19.1% | $596.6M1.3M sh | 452.92 → +7% | 100% overvalued | held |
| MA | Mastercard Incorporated | 17.6% | $547.5M1.1M sh | 513.60 → +20% | 15% overvalued | reduced −28% |
| ASML | Asml Hldg NV | 10.9% | $340.4M171,083 sh | 1,989.44 → −17% | no usable model value | held |
| V | Visa INC | 5.1% | $158.8M462,978 sh | 343.09 → +17% | 40% overvalued | reduced −23% |
| INTU | Intuit | 1.6% | $49.3M189,072 sh | 261.00 → +25% | 24% undervalued | held |
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.