Valley Forge Capital Management, LP 13F: Quarter-over-Quarter Portfolio Changes
Valley Forge Capital Management, LP reported a disclosed portfolio value of approximately $3.4 billion in its latest SEC Form 13F-HR filing for Q1 2026, down 23.5% quarter on quarter. Over the quarter, the fund bought more shares in 2 holdings, trimmed 5 holdings, and exited 2 positions.
Valley Forge Capital Management, LP's top buy was Asml Hldg NV (ASML) . The fund bought 35.5% more shares, lifting the position's portfolio weight by 3.6 percentage points. Its top sell was Visa (V) . The fund sold 34.7% of its previously reported shares, reducing the position's portfolio weight by 1.9 percentage points.
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| ASML HLDG NV | ASML | +3.6% | +35.5% | History → |
| MASTERCARD INCORPORATED | MA | +2.8% | +0.0% | History → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| VISA | V | -1.9% | 34.7% | History → |
| INTUIT | INTU | -0.9% | 14.5% | History → |
| FAIR ISAAC CORP | FICO | -5.2% | 0.0% | History → |
| MOODYS CORP | MCO | 1.8% | 0.0% | History → |
| S&P GLOBAL INC | SPGI | 1.3% | 0.0% | History → |
Full ExitsQ1 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 | 0.8% |
| EQUIFAX INC | EFX | 0.7% |
Net Portfolio Value ChangeQ1 2026
- $4.4BPrior quarter
- $3.4BCurrent quarter
- $-1.0BNet delta
- -23.5%% change
Methodology & FAQ
How Valley Forge Capital Management, LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Valley Forge Capital Management, LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Valley Forge Capital Management, LP buy in Q1 2026?
In Q1 2026, Valley Forge Capital Management, LP bought more shares of ASML HLDG NV (ASML), MASTERCARD INCORPORATED (MA).
What stocks did Valley Forge Capital Management, LP sell in Q1 2026?
In Q1 2026, Valley Forge Capital Management, LP fully sold 2 positions (MSCI INC (MSCI), EQUIFAX INC (EFX)); reduced holdings in VISA (V), INTUIT (INTU), FAIR ISAAC CORP (FICO), MOODYS CORP (MCO), S&P GLOBAL INC (SPGI).
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?
Of 2 existing positions with share-count increases in Q1 2026, the largest were: ASML HLDG NV (ASML, +3.6% weight, +35.5% shares), MASTERCARD INCORPORATED (MA, +2.8% weight, +0.0% 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 0.8%), EQUIFAX INC (EFX, last-reported weight 0.7%).
Which existing positions saw the largest allocation reductions for Valley Forge Capital Management, LP in Q1 2026?
Of 5 existing positions with share-count reductions in Q1 2026, the largest were: VISA (V, -1.9% weight, -34.7% shares), INTUIT (INTU, -0.9% weight, -14.5% shares), FAIR ISAAC CORP (FICO, -5.2% weight, -0.0% shares), MOODYS CORP (MCO, 1.8% weight, -0.0% shares), S&P GLOBAL INC (SPGI, 1.3% weight, -0.0% 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. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.