D
Dev Kantesaria
Valley Forge Capital Management, LP · Holdings as of Jun 30, 2023, filed by Aug 15, 2023 · US long stock positions only
A few dominant franchises
Reported value
$3B
8 positions shown
Copycat since 2016
4.41x
16% per year
vs SPY
ahead
SPY 3.57x same window
Top position
FICO
26% 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 · Jun 2023
Symbol Value % of book vs prior quarter
FICO $763M
26%
unchanged
SPGI $664M
22%
added
MA $586M
20%
unchanged
MCO $424M
14%
unchanged
V $215M
7%
unchanged
INTU $204M
7%
unchanged
unlisted $50M
2%
added
unlisted $46M
2%
new
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.