# Valley Forge Capital Management: Q2 2026 13F holdings

Dev Kantesaria’s Valley Forge Capital Management: $3.1bn in 7 US holdings at Q2 2026, with buys and sells.

In Q2 2026, Valley Forge Capital Management held 7 US-listed stocks worth $3.1bn. Its biggest move was cutting Mastercard (28% fewer shares, now 18%), followed by cutting S&P Global (13% fewer shares, now 20%). Its largest holding is Fair Isaac at 26%.

13F for the quarter ending 2026-06-30, filed 2026-08-14 ([filing](https://www.sec.gov/Archives/edgar/data/1697868/000169786826000005/0001697868-26-000005-index.htm)). $3.1bn in US-listed holdings.

## 13F holdings

| Company | Value | Portfolio | Change | Q1 2026 |
| --- | --- | --- | --- | --- |
| Fair Isaac (FICO) | $803m | 25.8% | Trimmed -13% | 24.3% |
| S&P Global (SPGI) | $621m | 19.9% | Trimmed -13% | 22.1% |
| Moody's (MCO) | $597m | 19.1% | Unchanged | 17.0% |
| Mastercard (MA) | $547m | 17.6% | Trimmed -28% | 22.0% |
| ASML Holding (ASML) | $340m | 10.9% | Unchanged | 6.7% |
| Visa (V) | $159m | 5.1% | Trimmed -23% | 5.4% |
| Intuit (INTU) | $49.3m | 1.6% | Unchanged | 2.4% |

Source: SEC filings, via moatshark (https://www.moatshark.com/m/valley-forge-capital-management). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.