13F filing recap · Q1 2022

What did Valley Forge Capital Management buy in Q1 2022?

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

Stock value

$2.63B

Positions

Estimated turnover

6.5%

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

AZPNAspen Technology Inc$69.09Mreported value+417.8K shares

Increased positions

MAMastercard Inc$551.03Mreported value+101.2K shares+7.0%SPGIS&P Global Inc.$487.85Mreported value+76.4K shares+6.9%FICOFair Isaac Corp$419.41Mreported value+4.6K shares+0.5%MCOMoody’s Corporation$364.70Mreported value+53.1K shares

Reduced positions

ADSKAutodesk, Inc.$48.02Mreported value-29.6K shares-11.7%