13F filing recap · Q4 2021

What did Valley Forge Capital Management buy in Q4 2021?

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

Stock value

$2.64B

Positions

Estimated turnover

10.9%

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

MAMastercard Inc$517.67Mreported value+59.6K shares+4.3%FICOFair Isaac Corp$387.91Mreported value+169.8K shares+23.4%AMZNAmazon.com Inc$272.47Mreported value+800 shares+1.0%ADBEAdobe Inc.$139.67Mreported value+46.2K shares+23.1%

Reduced positions

SPGIS&P Global Inc.$525.22Mreported value-163.6K shares-12.8%MCOMoody’s Corporation$401.41Mreported value-128.5K shares-11.1%VVisa Inc.$202.28Mreported value-81.9K shares-8.1%INTUIntuit Inc.$126.12Mreported value-19.1K shares