D
Dev Kantesaria
Valley Forge Capital Management, LP · Holdings as of Sep 30, 2024, filed by Nov 15, 2024 · US long stock positions only
A few dominant franchises
Reported value
$5B
8 positions shown
Copycat since 2016
4.41x
16% per year
vs SPY
ahead
SPY 3.57x same window
Top position
FICO
35% 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 2024
Symbol Value % of book vs prior quarter
FICO $1.6B
35%
trimmed
SPGI $881M
20%
added
MA $733M
16%
unchanged
MCO $611M
14%
added
INTU $276M
6%
unchanged
V $251M
6%
unchanged
unlisted $105M
2%
added
unlisted $71M
2%
unchanged
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.