13F filing recap · Q3 2024

What did Valley Forge Capital Management buy in Q3 2024?

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

Stock value

$4.50B

Positions

Estimated turnover

5.9%

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.

Quarter in review

Valley Forge Capital Management slightly trimmed Fair Isaac Corp and modestly added to S&P Global Inc. and Moody’s Corporation. The firm also substantially increased its Asml Holding N.V. position.

Increased positions

SPGIS&P Global Inc.$881.30Mreported value+50.3K shares+3.0%MCOMoody’s Corporation$611.48Mreported value+70.0K shares+5.7%ASMLAsml Holding N.v.$104.68Mreported value+62.7K shares+99.7%

Reduced positions

FICOFair Isaac Corp$1.57Breported value-69.0K shares-7.9%