13F filing recap · Q1 2020

What did Valley Forge Capital Management buy in Q1 2020?

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

Stock value

$472.17M

Positions

Estimated turnover

5.7%

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.

Increased positions

SPGIS&P Global Inc.$107.32Mreported value+16.6K shares+3.9%FICOFair Isaac Corp$104.70Mreported value+7.2K shares+2.2%MAMastercard Inc$42.43Mreported value+90.8K shares+107.0%