13F filing recap · Q4 2025
What did Valley Forge Capital Management buy in Q4 2025?
Reported stock-position changes between this filing and the previous one.
Stock value
$4.41B
Positions
9
Estimated turnover
0.8%
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 made only minor additions across most of its listed positions this quarter, slightly increasing Fair Isaac, S&P Global, Mastercard, Moody’s, Visa, ASML Holding, MSCI, and Equifax. The one notable change was a reduction in Intuit.
Increased positions
FICOFair Isaac Corp$1.30Breported value+1.0K shares+0.1%SPGIS&P Global Inc.$918.81Mreported value+3.1K shares+0.2%MAMastercard Inc$849.13Mreported value+2.6K shares+0.2%MCOMoody’s Corporation$672.94Mreported value+3.1K shares+0.2%VVisa Inc.$321.39Mreported value+4.4K shares+0.5%ASMLAsml Holding N.v.$135.06Mreported value+615 shares+0.5%MSCIMsci Inc.$34.87Mreported value+1.1K shares+1.8%EFXEquifax Inc$31.76Mreported value+2.4K shares+1.6%