Valley Forge Capital Management, LP: VISA (V): Quarterly 13F Position History
As of Q1 2026, Valley Forge Capital Management, LP reported 598,753 shares of VISA (V), worth $181.0M and representing 5.4% of its 13F equity book. Quarter-over-quarter share count change: 317,657 (-34.7%) . The position first appeared in Q4 2016 and has been disclosed across 38 13F-HR filings in Pactolio's tracked window.
- 598,753Shares Held (Latest Filing)
- $181.0MReported Market Value (Latest Filing)
- 5.4%Portfolio Weight (% of 13F Equity Book)
- 317,657Quarter-over-Quarter Share Change
- -$140.4MQuarter-over-Quarter Value Change
- 1,015,303Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 38 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 598,753 | 317,657 | -34.7% | $181.0M | 5.4% | $302.2 |
| Q4 2025 | 916,410 | +4,393 | +0.5% | $321.4M | 7.3% | $350.7 |
| Q3 2025 | 912,017 | 0 | — | $311.3M | 7.5% | $341.4 |
| Q2 2025 | 912,017 | 0 | — | $323.8M | 7.2% | $355.1 |
| Q1 2025 | 912,017 | 0 | — | $319.6M | 7.3% | $350.5 |
| Q4 2024 | 912,017 | 0 | — | $288.2M | 6.3% | $316.0 |
| Q3 2024 | 912,017 | 0 | — | $250.8M | 5.6% | $274.9 |
| Q2 2024 | 912,017 | 0 | — | $239.4M | 6.2% | $262.5 |
| Q1 2024 | 912,017 | 0 | — | $254.5M | 6.9% | $279.1 |
| Q4 2023 | 912,017 | +7,040 | +0.8% | $237.4M | 6.7% | $260.4 |
| Q3 2023 | 904,977 | 0 | — | $208.2M | 7.1% | $230.0 |
| Q2 2023 | 904,977 | 0 | — | $214.9M | 7.3% | $237.5 |
| Q1 2023 | 904,977 | 99,800 | -9.9% | $204.0M | 7.7% | $225.5 |
| Q4 2022 | 1,004,777 | +31,300 | +3.2% | $208.8M | 8.5% | $207.8 |
| Q3 2022 | 973,477 | 0 | — | $172.9M | 8.2% | $177.6 |
| Q2 2022 | 973,477 | 0 | — | $191.7M | 8.6% | $196.9 |
| Q1 2022 | 973,477 | +40,080 | +4.3% | $215.9M | 8.2% | $221.8 |
| Q4 2021 | 933,397 | 81,906 | -8.1% | $202.3M | 7.7% | $216.7 |
| Q3 2021 | 1,015,303 | 0 | — | $226.2M | 9.0% | $222.8 |
| Q2 2021 | 1,015,303 | 0 | — | $237.4M | 9.2% | $233.8 |
| Q1 2021 | 1,015,303 | +477,181 | +88.7% | $215.0M | 10.2% | $211.7 |
| Q4 2020 | 538,122 | +55,200 | +11.4% | $117.7M | 10.9% | $218.7 |
| Q3 2020 | 482,922 | 0 | — | $96.6M | 10.5% | $200.0 |
| Q2 2020 | 482,922 | 0 | — | $93.3M | 11.3% | $193.2 |
| Q1 2020 | 482,922 | 0 | — | $77.8M | 16.5% | $161.1 |
| Q4 2019 | 482,922 | 0 | — | $90.7M | 17.6% | $187.9 |
| Q3 2019 | 482,922 | +14,000 | +3.0% | $83.1M | 18.5% | $172.0 |
| Q2 2019 | 468,922 | +19,000 | +4.2% | $81.4M | 19.3% | $173.5 |
| Q1 2019 | 449,922 | +357,922 | +389.0% | $70.3M | 18.6% | $156.2 |
| Q4 2018 | 92,000 | +10,000 | +12.2% | $12.1M | 4.6% | $131.9 |
| Q3 2018 | 82,000 | 0 | — | $12.3M | 4.1% | $150.1 |
| Q2 2018 | 82,000 | 0 | — | $10.9M | 4.2% | $132.5 |
| Q1 2018 | 82,000 | 0 | — | $9.8M | 4.6% | $119.6 |
| Q4 2017 | 82,000 | 0 | — | $9.3M | 4.9% | $114.0 |
| Q3 2017 | 82,000 | 0 | — | $8.6M | 5.5% | $105.2 |
| Q2 2017 | 82,000 | 0 | — | $7.7M | 5.5% | $93.8 |
| Q1 2017 | 82,000 | 0 | — | $7.3M | 5.7% | $88.9 |
| Q4 2016 | 82,000 | — | — | $6.4M | 5.8% | $78.0 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Valley Forge Capital Management, LP first disclose a V position in 13F-HR filings?
Valley Forge Capital Management, LP first reported VISA (V) on its 13F-HR filing for the period ending 2016-12-31 (Q4 2016). The position has appeared on 38 reported quarters within Pactolio's tracked window.
What was Valley Forge Capital Management, LP's most recent quarter-over-quarter share-count change in V?
Between Q4 2025 and Q1 2026, Valley Forge Capital Management, LP reduced its V position by 317,657 shares (-34.7%), leaving 598,753 shares at a market value of $181.0M.
Does the implied price-per-share represent Valley Forge Capital Management, LP's cost basis in V?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.