Valley Forge Capital Management, LP

CIK 0001697868 · Q2 2026

13F Equity AUM

$3.1B

-7.7% QoQ

Positions

0 QoQ

AUM Rank

#1,158

Top 13%

Skill Alpha (FF)

+3.1%/yr^ns

No Clear Edge

Rank #1,045 · Top 13%

vs S&P +3.4%/yr (unadj.)

Quarters Tracked

~9 years

Portfolio Concentration

Top 5: 93.3%Top 10: 100.0%Top 20: 100.0%

FICO25.8%

SPGI19.9%

DUT19.1%

MA17.6%

ASML10.9%

V5.1%

INTU1.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services42.6%

Technology38.3%

Consumer Discretionary19.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 7Median: 17.57%Avg: 14.29%

0–0.5%

0(0.0%)

0.5–1%

0(0.0%)

1–3%

1(1.6%)

3–5%

0(0.0%)

5%+

6(98.4%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 7vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New0Increased0Decreased4Exited0

Decreased

MA17.6%

-421,562(-28%)

SPGI19.9%

-234,038(-13%)

V5.1%

-135,775(-23%)

FICO25.8%

-97,156(-13%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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