Valley Forge Capital Management
As of Q2 2026, Valley Forge Capital Management reported 7 long-equity positions worth $3.12B in aggregate.
Copy-investor backtest
- Latest quarter
- +9.40%
- 1-year
- -9.46%
- 3-year
- +36.16%
- 5-year
- +44.89%
- 3-year vs S&P 500
- -37.09%
- 5-year vs S&P 500
- -28.80%
- 5-year top 5
- +43.61%
Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.
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Updated 2026-09-19 from SEC 13F data.
Live quotes available for 8 of 101 rows. Rows without a quote are marked unavailable.
| 1 | GG | Goldcorp Inc COM | 4.64% | - | 0 | $70.82M | No quote | No quote |
| 2 | GOLD | Barrick Gold Corp Com COM | 4.41% | - | 0 | $67.34M | No quote | No quote |
| 3 | NEM | Newmont Mining Corp Com COM | 3.96% | - | 0 | $60.48M | No quote | No quote |
| 4 | KO | Coca Cola COM | 3.64% | - | 0 | $55.45M | No quote | No quote |
| 5 | ADM | Archer Daniels Midland Com COM | 3.54% | - | 0 | $54.07M | No quote | No quote |
| 6 | T | AT&T Inc COM | 3.46% | - | 0 | $52.78M | No quote | No quote |
| 7 | VZ | Verizon Communications Com COM | 3.23% | - | 0 | $49.22M | No quote | No quote |
| 8 | PFE | Pfizer COM | 3.18% | - | 0 | $48.54M | No quote | No quote |
| 9 | ABT | Abbott Labs COM | 3.15% | - | 0 | $48.04M | No quote | No quote |
| 10 | JNJ | Johnson & Johnson COM | 2.96% | - | 0 | $45.13M | No quote | No quote |
| 11 | CEF | Central Fund* COM | 2.91% | - | 0 | $44.44M | No quote | No quote |
| 12 | MRK | Merck & Co COM | 2.70% | - | 0 | $41.24M | No quote | No quote |
| 13 | PEP | Pepsico Inc COM | 2.56% | - | 0 | $39.02M | No quote | No quote |
| 14 | PG | Procter and Gamble COM | 2.54% | - | 0 | $38.7M | No quote | No quote |
| 15 | BMY | Bristol-Myers Squibb Co COM | 2.14% | - | 0 | $32.59M | No quote | No quote |
| 16 | WM | Waste Mgmt Inc Del Com COM | 2.07% | - | 0 | $31.56M | No quote | No quote |
| 17 | MMM | 3M Company COM | 2.02% | - | 0 | $30.81M | No quote | No quote |
| 18 | MSFT | Microsoft Corp COM | 1.99% | - | 0 | $30.31M | No quote | No quote |
| 19 | INTC | Intel Corp COM | 1.97% | - | 0 | $30.03M | No quote | No quote |
| 20 | EXC | Exelon Corporation COM | 1.94% | New | 0 | $29.57M | No quote | No quote |
| 21 | TRP | Transcanada Corp COM | 1.92% | - | 0 | $29.22M | No quote | No quote |
| 22 | VOD | Vodafone COM | 1.82% | - | 0 | $27.78M | No quote | No quote |
| 23 | NTTYY | Nippon Teleg & Tel COM | 1.77% | - | 0 | $26.98M | No quote | No quote |
| 24 | CHL | China Mobile LTD COM | 1.75% | - | 0 | $26.7M | No quote | No quote |
| 25 | CL | Colgate Palmolive COM | 1.66% | - | 0 | $25.33M | No quote | No quote |
| 26 | XOM | Exxon Mobil Corporation COM | 1.62% | - | 0 | $24.74M | No quote | No quote |
| 27 | WMT | WalMart Stores COM | 1.59% | - | 0 | $24.33M | No quote | No quote |
| 28 | KFT | Kraft Foods Inc Cl A COM | 1.57% | New | 0 | $23.88M | No quote | No quote |
| 29 | SWN | Southwestern Energy Co COM | 1.56% | New | 0 | $23.85M | No quote | No quote |
| 30 | KMB | Kimberly Clark COM | 1.51% | - | 0 | $23.07M | No quote | No quote |
| 31 | PNC | PNC Bank Corp COM | 1.46% | - | 0 | $22.24M | No quote | No quote |
| 32 | CVX | Chevron Corp COM | 1.46% | - | 0 | $22.22M | No quote | No quote |
| 33 | MCD | McDonalds Corp COM | 1.31% | New | 0 | $19.94M | No quote | No quote |
| 34 | ADP | Automatic Data Processing COM | 1.30% | New | 0 | $19.79M | No quote | No quote |
| 35 | DE | Deere & Co COM | 1.28% | - | 0 | $19.57M | No quote | No quote |
| 36 | AMZN | Amazon Inc COM | 1.26% | New | 0 | $19.21M | No quote | No quote |
| 37 | GE | General Electric COM | 1.26% | - | 0 | $19.21M | No quote | No quote |
| 38 | CNX | Consol. Energy Inc. COM | 1.26% | New | 0 | $19.17M | No quote | No quote |
| 39 | BA | Boeing COM | 1.23% | New | 0 | $18.8M | No quote | No quote |
| 40 | DUK | Duke Energy Corp COM | 1.22% | New | 0 | $18.67M | No quote | No quote |
| 41 | TSN | Tyson Foods Inc Cl A COM | 1.21% | New | 0 | $18.48M | No quote | No quote |
| 42 | ORCL | Oracle Corp Com COM | 1.13% | - | 0 | $17.27M | No quote | No quote |
| 43 | EWJ | iShares MSCI Japan COM | 1.02% | - | 0 | $15.51M | No quote | No quote |
| 44 | COP | ConocoPhillips COM | 0.93% | - | 0 | $14.16M | No quote | No quote |
| 45 | CCJ | Cameco Corp COM | 0.86% | - | 0 | $13.11M | No quote | No quote |
| 46 | GFI | Gold Fields Ltd COM | 0.76% | - | 0 | $11.64M | No quote | No quote |
| 47 | SHAW | Shaw Group Inc. COM | 0.76% | - | 0 | $11.58M | No quote | No quote |
| 48 | TRV | The Travelers Co COM | 0.72% | - | 0 | $10.95M | No quote | No quote |
| 49 | MKC | McCormick & Co COM | 0.54% | - | 0 | $8.28M | No quote | No quote |
| 50 | ATI | Allegheny Technologies Com COM | 0.45% | New | 0 | $6.83M | No quote | No quote |
| 51 | GLD | SPDR Gold Trust COM | 0.33% | - | 0 | $5M | No quote | No quote |
| 52 | RGLD | Royal Gold, Inc COM | 0.28% | - | 0 | $4.22M | No quote | No quote |
| 53 | GDX | Market Vectors Gold Miners COM | 0.28% | - | 0 | $4.19M | No quote | No quote |
| 54 | PM | Phillip Morris International COM | 0.26% | - | 0 | $3.92M | No quote | No quote |
| 55 | SPY | SPDR Tr Unit Ser 1 COM | 0.25% | - | 0 | $3.85M | No quote | No quote |
| 56 | PSCE | Powershares S&P Small Cap Equi COM | 0.14% | New | 0 | $2.08M | No quote | No quote |
| 57 | RSP | Rydex S&P 500 Equal Weighted I COM | 0.11% | - | 0 | $1.68M | No quote | No quote |
| 58 | RDSB | Royal Dutch Shell PLC B COM | 0.11% | - | 0 | $1.66M | No quote | No quote |
| 59 | VOX | Vanguard Telecommunications COM | 0.09% | - | 0 | $1.45M | No quote | No quote |
| 60 | JOF | Japan Smaller Cap. Fund COM | 0.09% | - | 0 | $1.33M | No quote | No quote |
| 61 | GSC | GS Connect S&P GSCI COM | 0.08% | New | 0 | $1.28M | No quote | No quote |
| 62 | RDSA | Royal Dutch Shell COM | 0.06% | - | 0 | $959K | No quote | No quote |
| 63 | VIG | Vanguard Dividend Appreciation COM | 0.06% | Reduce -100.0% | 0 | $928K | No quote | No quote |
| 64 | EMR | Emerson Electric COM | 0.05% | - | 0 | $745K | No quote | No quote |
| 65 | KMP | Kinder Morgan Energy COM | 0.05% | Add +6.2% | 9,891,620 | $733K | No quote | No quote |
| 66 | GCC | Greenhaven Continuous Commodit COM | 0.05% | New | 0 | $718K | No quote | No quote |
| 67 | PFF | iShares S&P U.S. Preferred Sto COM | 0.04% | New | 0 | $686K | No quote | No quote |
| 68 | IAU | iShares Comex Gold COM | 0.04% | - | 0 | $653K | No quote | No quote |
| 69 | EMF | Templeton Emerging Markets COM | 0.04% | - | 0 | $614K | No quote | No quote |
| 70 | DVY | Ishares Dow Jones Select Div I COM | 0.04% | - | 0 | $589K | No quote | No quote |
| 71 | MO | Altria Group Inc. COM | 0.04% | - | 0 | $583K | No quote | No quote |
| 72 | JEQ | Japan Equity Fd Inc Com COM | 0.03% | - | 0 | $503K | No quote | No quote |
| 73 | UNP | Union Pacific COM | 0.03% | - | 4,640,000 | $456K | $0.10 | No quote |
| 74 | D | Dominion Res Inc Va Com COM | 0.03% | Add +26.6% | 8,826,552 | $395K | $0.04 | No quote |
| 75 | PEO | Petroleum & Res Corp Com COM | 0.03% | - | 0 | $383K | No quote | No quote |
| 76 | PAAS | Pan American Silver Corp COM | 0.02% | Reduce -1.1% | 9,216,000 | $342K | $0.04 | No quote |
| 77 | SBAC | SBA Communications Corp COM | 0.02% | - | 8,388,000 | $333K | $0.04 | No quote |
| 78 | MDY | Midcap SPDR Tr Un Sr 1 COM | 0.02% | - | 1,845,000 | $331K | $0.18 | No quote |
| 79 | NVS | Novartis AG COM | 0.02% | Add +3.0% | 5,200,000 | $283K | $0.05 | No quote |
| 80 | AAPL | Apple Inc. COM | 0.02% | - | 750,000 | $261K | $0.35 | No quote |
| 81 | CYB | WisdomTree Dreyfus Chinese Yua COM | 0.02% | - | 9,600,000 | $243K | No quote | No quote |
| 82 | - | American Water Works Co Inc COMCUSIP 030411102 | 0.02% | - | 8,300,000 | $233K | No quote | No quote |
| 83 | TYC | Tyco International Ltd Com COM | 0.01% | Add +1.0% | 5,049,000 | $226K | No quote | No quote |
| 84 | MMP | Magellan Midstream Prtns COM | 0.01% | - | 3,658,310 | $219K | No quote | No quote |
| 85 | PDM | Piedmont Office Rlty Tr Inc Co COM | 0.01% | New | 0 | $210K | No quote | No quote |
| 86 | CLX | Clorox Co COM | 0.01% | New | 2,975,000 | $208K | $0.07 | No quote |
| 87 | FNFG | First Niagara Financial Group COM | 0.01% | - | 0 | $170K | No quote | No quote |
| 88 | LGDI | Legend International Holding COM | 0.00% | - | 0 | $7K | No quote | No quote |
| 89 | SKNY | Skinny Nutritional Corp COM | 0.00% | - | 0 | $1K | No quote | No quote |
| 101 | SDY | SPDR S&P Dividend ETF COM | - | Sold | 0 | $0 | No quote | No quote |
| 100 | PNY | Piedmont Natural Gas COM | - | Sold | 0 | $0 | No quote | No quote |
| 99 | OXY | Occidental Pete Corp. COM | - | Sold | 0 | $0 | No quote | No quote |
| 98 | GDXJ | Market Vectors Junior Gold Min COM | - | Sold | 0 | $0 | No quote | No quote |
| 97 | IDX | Market Vectors Indonesia COM | - | Sold | 0 | $0 | No quote | No quote |
| 96 | IBM | International Business Machine COM | - | Sold | 0 | $0 | No quote | No quote |
| 95 | HD | Home Depot COM | - | Sold | 0 | $0 | No quote | No quote |
| 94 | EPD | Enterprise Products Part LP COM | - | Sold | 0 | $0 | No quote | No quote |
| 93 | CGHI | Centurion Gold Hldgs. COM | 0.00% | - | 0 | $0 | No quote | No quote |
| 92 | BP | BP Amoco PLC COM | - | Sold | 0 | $0 | No quote | No quote |
| 91 | APU | Amerigas Partners LP COM | - | Sold | 0 | $0 | No quote | No quote |
| 90 | - | AIG Fractional Warrants Exp 1/ COMCUSIP ACG874152 | 0.00% | New | 94,522 | $0 | No quote | No quote |