---
title: Valley Forge (Valley Forge Capital Management, LP) — 13F holdings
canonical: https://sweetvaluelab.com/investors/valley-forge
cik: 0001697868
quarter: 2026-06-30
filed: 2026-08-14
---
# Valley Forge — Valley Forge Capital Management, LP

Latest 13F for the quarter ended Jun 30, 2026, filed Aug 14, 2026: 7 positions worth $3.1B. Against the quarter ended Mar 31, 2026: 0 bought, 0 added to, 3 unchanged, 4 reduced, 0 sold. The top five are 93% of the portfolio, the top ten 100%; 7 of the positions have a research page on this site.

## Holdings

| Ticker | Issuer | Shares | Value | % of portfolio | Change this quarter |
| --- | --- | ---: | ---: | ---: | --- |
| FICO | FAIR ISAAC CORP | 672,186 | $803.1M | 25.8% | reduced (-13%) |
| SPGI | S&P GLOBAL INC | 1,524,036 | $620.7M | 19.9% | reduced (-13%) |
| MCO | MOODYS CORP | 1,317,188 | $596.6M | 19.1% | held (0%) |
| MA | MASTERCARD INCORPORATED | 1,065,934 | $547.5M | 17.6% | reduced (-28%) |
| ASML | ASML HLDG NV | 171,083 | $340.4M | 10.9% | held (0%) |
| V | VISA INC | 462,978 | $158.8M | 5.1% | reduced (-23%) |
| INTU | INTUIT | 189,072 | $49.3M | 1.6% | held (0%) |

## Largest moves this quarter

| Ticker | Issuer | Shares now | Shares before | Change | Bought / sold at reported prices | Value |
| --- | --- | ---: | ---: | --- | ---: | ---: |
| MA | MASTERCARD INCORPORATED | 1,065,934 | 1,487,496 | reduced (-28%) | −$216.5M | $547.5M |
| FICO | FAIR ISAAC CORP | 672,186 | 769,342 | reduced (-13%) | −$116.1M | $803.1M |
| SPGI | S&P GLOBAL INC | 1,524,036 | 1,758,074 | reduced (-13%) | −$95.3M | $620.7M |
| V | VISA INC | 462,978 | 598,753 | reduced (-23%) | −$46.6M | $158.8M |

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Source: https://sweetvaluelab.com/investors/valley-forge (SweetValueLab, free, no account). Holdings from SEC Form 13F-HR filings; tickers resolved from CUSIPs. Values as reported by the filer. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.