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 13 of 102 rows. Rows without a quote are marked unavailable.
| 1 | PFE | Pfizer COM | 3.75% | - | 0 | $64.93M | No quote | No quote |
| 2 | GG | Goldcorp Inc COM | 3.73% | - | 0 | $64.55M | No quote | No quote |
| 3 | T | AT&T Inc COM | 3.54% | - | 0 | $61.23M | No quote | No quote |
| 4 | NEM | Newmont Mining Corp Com COM | 3.51% | - | 0 | $60.71M | No quote | No quote |
| 5 | VZ | Verizon Communications Com COM | 3.48% | - | 0 | $60.21M | No quote | No quote |
| 6 | JNJ | Johnson & Johnson COM | 3.45% | - | 0 | $59.64M | No quote | No quote |
| 7 | GOLD | Barrick Gold Corp Com COM | 3.34% | - | 0 | $57.83M | No quote | No quote |
| 8 | ABT | Abbott Labs COM | 3.26% | - | 0 | $56.41M | No quote | No quote |
| 9 | PEP | Pepsico Inc COM | 3.16% | - | 0 | $54.68M | No quote | No quote |
| 10 | BMY | Bristol-Myers Squibb Co COM | 3.15% | - | 0 | $54.46M | No quote | No quote |
| 11 | MRK | Merck & Co COM | 3.06% | - | 0 | $52.87M | No quote | No quote |
| 12 | ADM | Archer Daniels Midland Com COM | 2.88% | - | 0 | $49.77M | No quote | No quote |
| 13 | WM | Waste Mgmt Inc Del Com COM | 2.86% | - | 0 | $49.42M | No quote | No quote |
| 14 | MSFT | Microsoft Corp COM | 2.65% | - | 0 | $45.78M | No quote | No quote |
| 15 | TRP | Transcanada Corp COM | 2.53% | - | 0 | $43.83M | No quote | No quote |
| 16 | GE | General Electric COM | 2.44% | - | 0 | $42.28M | No quote | No quote |
| 17 | WMT | WalMart Stores COM | 2.42% | - | 0 | $41.89M | No quote | No quote |
| 18 | PG | Procter and Gamble COM | 2.23% | - | 0 | $38.56M | No quote | No quote |
| 19 | CEF | Central Fund* COM | 2.16% | - | 0 | $37.39M | No quote | No quote |
| 20 | VOD | Vodafone COM | 2.07% | - | 0 | $35.82M | No quote | No quote |
| 21 | INTC | Intel Corp COM | 2.01% | - | 0 | $34.71M | No quote | No quote |
| 22 | KO | Coca Cola COM | 1.90% | - | 0 | $32.83M | No quote | No quote |
| 23 | KFT | Kraft Foods Inc Cl A COM | 1.86% | - | 0 | $32.09M | No quote | No quote |
| 24 | DIS | Walt Disney Co COM | 1.82% | - | 0 | $31.54M | No quote | No quote |
| 25 | XOM | Exxon Mobil Corporation COM | 1.80% | - | 0 | $31.12M | No quote | No quote |
| 26 | CL | Colgate Palmolive COM | 1.80% | - | 0 | $31.05M | No quote | No quote |
| 27 | PAYX | Paychex Inc COM | 1.72% | - | 0 | $29.78M | No quote | No quote |
| 28 | EXC | Exelon Corporation COM | 1.71% | - | 0 | $29.5M | No quote | No quote |
| 29 | ADP | Automatic Data Processing COM | 1.70% | - | 0 | $29.38M | No quote | No quote |
| 30 | MMM | 3M Company COM | 1.67% | - | 0 | $28.9M | No quote | No quote |
| 31 | CSCO | Cisco Sys Inc Com COM | 1.60% | - | 0 | $27.7M | No quote | No quote |
| 32 | CHL | China Mobile LTD COM | 1.56% | - | 0 | $27M | No quote | No quote |
| 33 | TRV | Travelers Companies Inc COM | 1.53% | - | 0 | $26.55M | No quote | No quote |
| 34 | KMB | Kimberly Clark COM | 1.51% | - | 0 | $26.16M | No quote | No quote |
| 35 | LLY | Eli Lilly & Co COM | 1.40% | - | 0 | $24.29M | No quote | No quote |
| 36 | WAG | Walgreen Co. COM | 1.34% | New | 0 | $23.21M | No quote | No quote |
| 37 | CLX | Clorox Co COM | 1.34% | - | 0 | $23.17M | No quote | No quote |
| 38 | SYY | Sysco Corp COM | 1.32% | - | 0 | $22.91M | No quote | No quote |
| 39 | EMR | Emerson Electric COM | 1.30% | Reduce -100.0% | 0 | $22.47M | No quote | No quote |
| 40 | TRI | Thomson Reuters Corp Com COM | 1.24% | New | 0 | $21.52M | No quote | No quote |
| 41 | PBCT | Peoples United Financial Inc COM | 1.22% | - | 0 | $21.04M | No quote | No quote |
| 42 | DD | Du Pont E.I. De Nemours & Co. COM | 1.05% | - | 0 | $18.17M | No quote | No quote |
| 43 | AUY | Yamana Gold Inc COM | 0.89% | - | 0 | $15.46M | No quote | No quote |
| 44 | DE | Deere & Co COM | 0.75% | - | 0 | $12.94M | No quote | No quote |
| 45 | MKC | McCormick & Co COM | 0.61% | - | 0 | $10.58M | No quote | No quote |
| 46 | EWJ | iShares MSCI Japan COM | 0.44% | - | 0 | $7.54M | No quote | No quote |
| 47 | DEM | Wisdom Tree Emerging Markets E COM | 0.41% | New | 0 | $7.01M | No quote | No quote |
| 48 | GLD | SPDR Gold Trust COM | 0.39% | - | 0 | $6.74M | No quote | No quote |
| 49 | GSK | GlaxoSmithKline PLC COM | 0.30% | - | 0 | $5.2M | No quote | No quote |
| 50 | PM | Phillip Morris International COM | 0.29% | - | 0 | $5.05M | No quote | No quote |
| 51 | GDX | Market Vectors Gold Miners COM | 0.21% | - | 0 | $3.71M | No quote | No quote |
| 52 | SPY | SPDR Tr Unit Ser 1 COM | 0.20% | - | 0 | $3.52M | No quote | No quote |
| 53 | IAU | iShares Comex Gold COM | 0.12% | - | 0 | $2.15M | No quote | No quote |
| 54 | DVY | iShares Dow Jones Select Div I COM | 0.12% | - | 0 | $1.99M | No quote | No quote |
| 55 | MO | Altria Group Inc. COM | 0.09% | - | 0 | $1.58M | No quote | No quote |
| 56 | RDSB | Royal Dutch Shell PLC B COM | 0.09% | - | 0 | $1.54M | No quote | No quote |
| 57 | RGLD | Royal Gold, Inc COM | 0.09% | - | 0 | $1.53M | No quote | No quote |
| 58 | VPU | Vanguard Utilities VIPERS COM | 0.09% | - | 0 | $1.51M | No quote | No quote |
| 59 | RSP | Rydex S&P 500 Equal Weighted I COM | 0.09% | - | 0 | $1.49M | No quote | No quote |
| 60 | HDV | iShares High Dividend Equity F COM | 0.08% | - | 0 | $1.42M | No quote | No quote |
| 61 | VIG | Vanguard Dividend Appreciation COM | 0.07% | - | 0 | $1.16M | No quote | No quote |
| 62 | D | Dominion Res Inc Va Com COM | 0.05% | - | 0 | $831K | No quote | No quote |
| 63 | AAPL | Apple Inc. COM | 0.05% | Add +6.0% | 1,303,000 | $781K | $0.60 | No quote |
| 64 | KMP | Kinder Morgan Energy COM | 0.04% | Reduce -2.4% | 9,192,584 | $761K | No quote | No quote |
| 65 | JOF | Japan Smaller Cap. Fund COM | 0.04% | - | 0 | $755K | No quote | No quote |
| 66 | RDSA | Royal Dutch Shell COM | 0.04% | Add +0.1% | 9,935,000 | $697K | No quote | No quote |
| 67 | SBAC | SBA Communications Corp COM | 0.02% | - | 8,388,000 | $426K | $0.05 | No quote |
| 68 | MCD | McDonalds Corp COM | 0.02% | - | 4,259,000 | $418K | $0.10 | No quote |
| 69 | EMF | Templeton Emerging Markets COM | 0.02% | - | 0 | $409K | No quote | No quote |
| 70 | IBM | International Business Machine COM | 0.02% | Add +17.7% | 1,829,000 | $382K | $0.21 | No quote |
| 71 | UNH | United Healthcare Corp COM | 0.02% | Reduce -12.9% | 6,310,000 | $372K | $0.06 | No quote |
| 72 | MDY | Midcap SPDR Tr Un Sr 1 COM | 0.02% | - | 1,845,000 | $333K | $0.18 | No quote |
| 73 | COP | ConocoPhillips COM | 0.02% | Add +1.2% | 4,081,000 | $310K | $0.08 | No quote |
| 74 | GDXJ | Market Vectors Junior Gold Min COM | 0.02% | - | 0 | $300K | No quote | No quote |
| 75 | PEO | Petroleum & Res Corp Com COM | 0.02% | - | 0 | $296K | No quote | No quote |
| 76 | CVX | Chevron Corp COM | 0.02% | Add +18.4% | 2,706,000 | $290K | $0.11 | No quote |
| 77 | BRK-B | Berkshire Hathaway Inc Cl B COM | 0.02% | New | 3,500,000 | $284K | $0.08 | No quote |
| 78 | - | American Water Works Co Inc COMCUSIP 030411102 | 0.02% | - | 8,300,000 | $282K | No quote | No quote |
| 79 | NVS | Novartis AG COM | 0.02% | Reduce -7.7% | 4,800,000 | $266K | $0.06 | No quote |
| 81 | TEVA | Teva Pharmaceutical Industries COM | 0.01% | Add +5.7% | 5,601,594 | $252K | $0.04 | No quote |
| 80 | QCOM | Qualcomm Inc Com COM | 0.01% | New | 3,705,000 | $252K | $0.07 | No quote |
| 82 | MMP | Magellan Midstream Prtns COM | 0.01% | Reduce -2.8% | 3,458,310 | $250K | No quote | No quote |
| 83 | SWN | Southwestern Energy Co COM | 0.01% | New | 7,875,000 | $241K | No quote | No quote |
| 84 | BA | Boeing COM | 0.01% | Add +3.3% | 3,150,000 | $234K | $0.07 | No quote |
| 85 | JEQ | Japan Equity Fd Inc Com COM | 0.01% | - | 0 | $208K | No quote | No quote |
| 86 | PDM | Piedmont Office Rlty Tr Inc Co COM | 0.01% | - | 0 | $192K | No quote | No quote |
| 87 | PHYS | Sprott Physical Gold Trust COM | 0.01% | - | 0 | $173K | No quote | No quote |
| 88 | LGDI | Legend International Holding COM | 0.00% | - | 0 | $1K | No quote | No quote |
| 102 | VOX | Vanguard Telecommunications COM | - | Sold | 0 | $0 | No quote | No quote |
| 101 | SDY | SPDR S&P Dividend ETF COM | - | Sold | 0 | $0 | No quote | No quote |
| 100 | GLD | SPDR Gold Trust COM | - | Sold | 0 | $0 | No quote | No quote |
| 99 | PPG | PPG Industries Inc COM | - | Sold | 0 | $0 | No quote | No quote |
| 98 | PNY | Piedmont Natural Gas COM | - | Sold | 0 | $0 | No quote | No quote |
| 97 | HD | Home Depot COM | - | Sold | 0 | $0 | No quote | No quote |
| 96 | GOOGL | Google Inc Cl A COM | - | Sold | 0 | $0 | No quote | No quote |
| 95 | EPD | Enterprise Products Part LP COM | - | Sold | 0 | $0 | No quote | No quote |
| 94 | COH | Coach Inc. COM | - | Sold | 0 | $0 | No quote | No quote |
| 93 | BP | BP Amoco PLC COM | - | Sold | 0 | $0 | No quote | No quote |
| 92 | BBBYQ | Bed Bath & Beyond COM | - | Sold | 0 | $0 | No quote | No quote |
| 91 | APC | Anadarko Pete Corp Com COM | - | Sold | 0 | $0 | No quote | No quote |
| 90 | - | AIG Fractional Warrants Exp 1/ COMCUSIP ACG874152 | 0.00% | - | 94,522 | $0 | No quote | No quote |
| 89 | ADVNA | Advanta Corp. COM | 0.00% | - | 0 | $0 | No quote | No quote |