Valley Forge Capital Management, LP — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, Valley Forge Capital Management, LP increased allocation to 2 existing positions, trimmed 5 positions, and exited 2 positions entirely. The fund's 13F equity book declined from $4.41B to $3.38B (-23.5% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $4.41BPrior quarter
- $3.38BCurrent quarter
- $-1.04BNet delta
- -23.5%% change
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| ASML HOLDING NV | ASML | +3.63% | +35.52% | History → |
| MASTERCARD INCORPORATED | MA | +2.77% | +0.01% | History → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| VISA INC | V | -1.92% | -34.66% | History → |
| INTUIT | INTU | -0.90% | -14.54% | History → |
| FAIR ISAAC CORP | FICO | -5.16% | -0.01% | History → |
| MOODYS CORP | MCO | 1.77% | -0.01% | History → |
| S&P GLOBAL INC | SPGI | 1.32% | -0.01% | History → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| MSCI INC | MSCI | 0.79% |
| EQUIFAX INC | EFX | 0.72% |
Methodology & FAQ
How Valley Forge Capital Management, LP Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for Valley Forge Capital Management, LP against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did Valley Forge Capital Management, LP initiate in Q1 2026?
Valley Forge Capital Management, LP established no new positions in Q1 2026.
Which existing positions saw the largest allocation increases for Valley Forge Capital Management, LP in Q1 2026?
The largest portfolio-weight increases in existing positions were: ASML HOLDING NV (ASML, +3.63% weight, +35.52% shares), MASTERCARD INCORPORATED (MA, +2.77% weight, +0.01% shares).
Which positions did Valley Forge Capital Management, LP fully exit in Q1 2026?
Valley Forge Capital Management, LP fully exited 2 positions in Q1 2026: MSCI INC (MSCI, last-reported weight 0.79%), EQUIFAX INC (EFX, last-reported weight 0.72%).
Which existing positions saw the largest allocation reductions for Valley Forge Capital Management, LP in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: VISA INC (V, -1.92% weight, -34.66% shares), INTUIT (INTU, -0.90% weight, -14.54% shares), FAIR ISAAC CORP (FICO, -5.16% weight, -0.01% shares), MOODYS CORP (MCO, 1.77% weight, -0.01% shares), S&P GLOBAL INC (SPGI, 1.32% weight, -0.01% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity.