13F filing recap · Q2 2023

What did Valley Forge Capital Management buy in Q2 2023?

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

Stock value

$2.95B

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

ASMLAsml Holding N.v.$45.59Mreported value+62.9K shares

Increased positions

SPGIS&P Global Inc.$663.70Mreported value+262.9K shares+18.9%AZPNAspen Technology Inc$49.53Mreported value+120.0K shares+68.4%

Exited positions

ADBEAdobe Inc.$94.92Mprior reported value-246.3K shares-100.0%ADSKAutodesk, Inc.$46.63Mprior reported value-224.0K shares-100.0%