13F filing recap · Q3 2018

What did Valley Forge Capital Management buy in Q3 2018?

Reported stock-position changes between this filing and the previous one.

Stock value

$300.51M

Positions

Estimated turnover

11.2%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

ADSKAutodesk, Inc.$11.90Mreported value+76.2K shares

Increased positions

FICOFair Isaac Corp$76.13Mreported value+14.0K shares+4.4%SPGIS&P Global Inc.$72.20Mreported value+67.3K shares+22.3%MCOMoody’s Corporation$61.77Mreported value+18.0K shares+5.1%