Q2 2026 · SEC CIK 0001697868
Dev Kantesaria portfolio
SuperinvestorHedge fundValley Forge Capital Management, LP filed on 2026-08-14. Open SEC filings ↗
- Reported 13F value
- $3.1B
- Reported positions
- 7
- Eligible equities
- 7
- Holdings vs S&P 500, 3 years
- -6.0 pts
Average holding period of the top positions: 8.7 yrs. Holdings vs the S&P 500 over 1 and 5 years: -26.7 pts, -1.7 pts.
In its Q2 2026 13F, filed 2026-08-14, Valley Forge Capital Management, LP reported 7 positions worth $3.1B. Its largest holdings were FAIR ISAAC CORP (FICO, 25.8%), S&P GLOBAL INC (SPGI, 19.9%), MOODYS CORP (MCO, 19.1%). Over the last 3 years its top holdings ran 6.0 points a year behind the S&P 500.
Reported holdings in the Q2 2026 13F.
The portfolio weight uses the full reported share-portfolio denominator. Weight changes compare this 13F with the one before it; price moves also change weights, so these are not trade labels. “New” means the position was not in the previous 13F at all; “—” marks a small position the earlier filing data does not cover.
| Stock | % of reported portfolio | Weight change | Reported value |
|---|---|---|---|
| FICOFAIR ISAAC CORP | 25.8% | +1.44 pp | $803.1M |
| SPGIS&P GLOBAL INC | 19.9% | -2.23 pp | $620.7M |
| MCOMOODYS CORP | 19.1% | +2.12 pp | $596.6M |
| MAMASTERCARD INCORPORATED | 17.6% | -4.45 pp | $547.5M |
| ASMLASML HLDG NV | 10.9% | +4.23 pp | $340.4M |
| VVISA INC | 5.1% | -0.26 pp | $158.8M |
| INTUINTUIT | 1.6% | -0.84 pp | $49.3M |
What Dev Kantesaria bought and sold in Q2 2026, against Q1 2026.
New positions
No new positions among the largest holdings.
Added to
No position grew by more than 5%.
Reduced
- MA Mastercard Inc.-28.3% shares
- V Visa Inc Com Cl A-22.7% shares
- SPGI S&P Global Inc.-13.3% shares
- FICO Fair Isaac Corp-12.6% shares
Sold out
Nothing sold out.
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- -8.6% /yr
- S&P 500 +20.1%
- 3 years
- +12.2% /yr
- S&P 500 +20.4%
- 5 years
- +8.4% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Questions about Dev Kantesaria's portfolio
Who is Dev Kantesaria?
Dev Kantesaria is the founder of Valley Forge Capital Management, a hedge fund that files its US stock holdings with the SEC on Form 13F under the name Valley Forge Capital Management, LP.
What stocks does Dev Kantesaria own?
Valley Forge Capital Management, LP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 7 positions worth $3.1B. The largest are Fair Isaac Corp (FICO) at 25.8%, S&P Global Inc. (SPGI) at 19.9%, Moodys Corp (MCO) at 19.1%, Mastercard Inc. (MA) at 17.6% and Asml Hldg NV (ASML) at 10.9%.
What did Dev Kantesaria buy last quarter?
Valley Forge Capital Management, LP opened no new positions and grew none by more than 5% among its largest holdings in Q2 2026.
What did Dev Kantesaria sell last quarter?
In Q2 2026, Valley Forge Capital Management, LP Mastercard Inc. (MA) (-28.3% shares), Visa Inc Com Cl A (V) (-22.7% shares) and S&P Global Inc. (SPGI) (-13.3% shares), compared with its Q1 2026 filing.
How has Dev Kantesaria's portfolio performed?
A portfolio copying Valley Forge Capital Management, LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +12.2% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: -8.6% against +20.1%. Over 5 years: +8.4% a year against +11.6%.
When is Valley Forge Capital Management, LP's next 13F filing due?
13F filings are due 45 days after each quarter ends. Valley Forge Capital Management, LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Valley Forge Capital Management, LP manage?
Valley Forge Capital Management, LP reported $4.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $3.1B.