D
Dev Kantesaria
Valley Forge Capital Management, LP · Holdings as of Mar 31, 2026, filed by May 16, 2026 · US long stock positions only
A few dominant franchises
Reported value
$3B
7 positions shown
Copycat since 2016
4.41x
16% per year
vs SPY
ahead
SPY 3.57x same window
Top position
FICO
24% of book
Copying these filings vs SPY $1 at every deadline since 2016
Dev Kantesaria 4.41x
SPY 3.57x
Price returns, dividends excluded on both lines. A copycat of public filings traded at each deadline, not the fund's actual performance.
The book tile = share of the filed book · tap a tile for the ticker · Mar 2026
Symbol Value % of book vs prior quarter
FICO $821M
24%
unchanged
SPGI $748M
22%
unchanged
MA $743M
22%
unchanged
MCO $575M
17%
unchanged
unlisted $226M
7%
added
V $181M
5%
trimmed
INTU $82M
2%
trimmed
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.