D
Dev Kantesaria
Valley Forge Capital Management, LP · Holdings as of Sep 30, 2023, filed by Nov 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
28% 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 · Sep 2023
Symbol Value % of book vs prior quarter
FICO $819M
28%
unchanged
SPGI $605M
21%
unchanged
MA $590M
20%
unchanged
MCO $385M
13%
unchanged
INTU $227M
8%
unchanged
V $208M
7%
unchanged
unlisted $60M
2%
unchanged
unlisted $37M
1%
unchanged
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.