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 11 of 97 rows. Rows without a quote are marked unavailable.
| 1 | GG | Goldcorp Inc COM | 4.27% | - | 0 | $70.6M | No quote | No quote |
| 2 | NEM | Newmont Mining Corp Com COM | 4.26% | - | 0 | $70.44M | No quote | No quote |
| 3 | PFE | Pfizer COM | 4.13% | - | 0 | $68.43M | No quote | No quote |
| 4 | JNJ | Johnson & Johnson COM | 3.67% | - | 0 | $60.81M | No quote | No quote |
| 5 | GOLD | Barrick Gold Corp Com COM | 3.35% | - | 0 | $55.49M | No quote | No quote |
| 6 | BMY | Bristol-Myers Squibb Co COM | 3.23% | - | 0 | $53.4M | No quote | No quote |
| 7 | VZ | Verizon Communications Com COM | 2.93% | - | 0 | $48.54M | No quote | No quote |
| 8 | PG | Procter and Gamble COM | 2.83% | - | 0 | $46.81M | No quote | No quote |
| 9 | MRK | Merck & Co COM | 2.77% | - | 0 | $45.77M | No quote | No quote |
| 10 | WM | Waste Mgmt Inc Del Com COM | 2.76% | - | 0 | $45.61M | No quote | No quote |
| 11 | T | AT&T Inc COM | 2.61% | - | 0 | $43.26M | No quote | No quote |
| 12 | CEF | Central Fund* COM | 2.45% | - | 0 | $40.6M | No quote | No quote |
| 13 | INTC | Intel Corp COM | 2.45% | - | 0 | $40.55M | No quote | No quote |
| 14 | PEP | Pepsico Inc COM | 2.22% | - | 0 | $36.7M | No quote | No quote |
| 15 | PAYX | Paychex Inc COM | 2.12% | - | 0 | $35.09M | No quote | No quote |
| 16 | DD | Du Pont E.I. De Nemours & Co. COM | 2.06% | - | 0 | $34.07M | No quote | No quote |
| 17 | VOD | Vodafone COM | 2.05% | - | 0 | $33.92M | No quote | No quote |
| 18 | KO | Coca Cola COM | 2.04% | - | 0 | $33.72M | No quote | No quote |
| 19 | CSCO | Cisco Sys Inc Com COM | 2.03% | - | 0 | $33.61M | No quote | No quote |
| 20 | WFC | Wells Fargo & Co New Com COM | 2.02% | New | 0 | $33.49M | No quote | No quote |
| 21 | TRP | Transcanada Corp COM | 2.02% | - | 0 | $33.36M | No quote | No quote |
| 22 | GE | General Electric COM | 1.99% | - | 0 | $32.88M | No quote | No quote |
| 23 | ABT | Abbott Labs COM | 1.87% | - | 0 | $30.98M | No quote | No quote |
| 24 | MSFT | Microsoft Corp COM | 1.82% | - | 0 | $30.06M | No quote | No quote |
| 25 | ADP | Automatic Data Processing COM | 1.80% | - | 0 | $29.84M | No quote | No quote |
| 26 | KMI | Kinder Morgan Inc COM | 1.73% | - | 0 | $28.67M | No quote | No quote |
| 27 | ADM | Archer Daniels Midland Com COM | 1.73% | - | 0 | $28.66M | No quote | No quote |
| 28 | JPM | J.P. Morgan COM | 1.65% | - | 0 | $27.26M | No quote | No quote |
| 29 | AUY | Yamana Gold Inc COM | 1.62% | - | 0 | $26.82M | No quote | No quote |
| 30 | CLX | Clorox Co COM | 1.61% | - | 0 | $26.66M | No quote | No quote |
| 31 | WMT | WalMart Stores COM | 1.60% | - | 0 | $26.44M | No quote | No quote |
| 32 | MMM | 3M Company COM | 1.59% | - | 0 | $26.32M | No quote | No quote |
| 33 | CL | Colgate Palmolive COM | 1.47% | - | 0 | $24.26M | No quote | No quote |
| 34 | SYY | Sysco Corp COM | 1.46% | - | 0 | $24.16M | No quote | No quote |
| 35 | TRI | Thomson Reuters Corp Com COM | 1.45% | - | 0 | $23.96M | No quote | No quote |
| 36 | XOM | Exxon Mobil Corporation COM | 1.38% | - | 0 | $22.8M | No quote | No quote |
| 37 | WAG | Walgreen Co. COM | 1.37% | - | 0 | $22.74M | No quote | No quote |
| 38 | KMB | Kimberly Clark COM | 1.36% | - | 0 | $22.44M | No quote | No quote |
| 39 | GSK | GlaxoSmithKline PLC COM | 1.28% | - | 0 | $21.16M | No quote | No quote |
| 40 | CVX | Chevron Corp COM | 1.27% | - | 0 | $21.09M | No quote | No quote |
| 41 | EMC | EMC Corp Mass Com COM | 1.27% | - | 0 | $20.99M | No quote | No quote |
| 42 | PBCT | Peoples United Financial Inc COM | 1.25% | - | 0 | $20.72M | No quote | No quote |
| 43 | TRV | Travelers Companies Inc COM | 1.19% | - | 0 | $19.62M | No quote | No quote |
| 44 | BRCM | Broadcom Corp Cl A COM | 1.16% | New | 0 | $19.26M | No quote | No quote |
| 45 | EMR | Emerson Electric COM | 1.07% | - | 0 | $17.72M | No quote | No quote |
| 46 | DIS | Walt Disney Co COM | 0.98% | - | 0 | $16.2M | No quote | No quote |
| 47 | MKC | McCormick & Co COM | 0.62% | - | 0 | $10.18M | No quote | No quote |
| 48 | BAC | Bank Of America Corp COM | 0.49% | New | 0 | $8.08M | No quote | No quote |
| 49 | GLD | SPDR Gold Trust COM | 0.47% | - | 0 | $7.73M | No quote | No quote |
| 50 | LLY | Eli Lilly & Co COM | 0.42% | - | 0 | $6.94M | No quote | No quote |
| 51 | EWJ | iShares MSCI Japan COM | 0.40% | - | 0 | $6.64M | No quote | No quote |
| 52 | GDX | Market Vectors Gold Miners COM | 0.25% | - | 0 | $4.12M | No quote | No quote |
| 53 | PM | Phillip Morris International COM | 0.23% | - | 0 | $3.89M | No quote | No quote |
| 54 | SPY | SPDR Tr Unit Ser 1 COM | 0.21% | - | 0 | $3.42M | No quote | No quote |
| 55 | RGLD | Royal Gold, Inc COM | 0.18% | - | 0 | $2.91M | No quote | No quote |
| 56 | IAU | iShares Comex Gold COM | 0.17% | - | 0 | $2.74M | No quote | No quote |
| 57 | DVY | iShares Dow Jones Select Div I COM | 0.14% | - | 0 | $2.33M | No quote | No quote |
| 58 | VPU | Vanguard Utilities VIPERS COM | 0.10% | - | 0 | $1.73M | No quote | No quote |
| 59 | MO | Altria Group Inc. COM | 0.10% | - | 0 | $1.69M | No quote | No quote |
| 60 | HDV | iShares High Dividend Equity F COM | 0.10% | - | 0 | $1.6M | No quote | No quote |
| 61 | RDSB | Royal Dutch Shell PLC B COM | 0.09% | - | 0 | $1.53M | No quote | No quote |
| 62 | RSP | Rydex S&P 500 Equal Weighted I COM | 0.09% | - | 0 | $1.48M | No quote | No quote |
| 63 | D | Dominion Res Inc Va Com COM | 0.05% | - | 0 | $818K | No quote | No quote |
| 64 | - | American Water Works Co Inc COMCUSIP 030411102 | 0.05% | - | 0 | $792K | No quote | No quote |
| 65 | AAPL | Apple Inc. COM | 0.05% | Reduce -0.8% | 1,172,000 | $781K | $0.67 | No quote |
| 66 | VOX | Vanguard Telecommunications COM | 0.04% | Add +207.7% | 9,230,000 | $693K | No quote | No quote |
| 67 | NVS | Novartis AG COM | 0.04% | New | 10,612,690 | $651K | $0.06 | No quote |
| 68 | JOF | Japan Smaller Cap. Fund COM | 0.04% | - | 0 | $649K | No quote | No quote |
| 69 | UN | Unilever NV COM | 0.04% | - | 0 | $635K | No quote | No quote |
| 70 | SBAC | SBA Communications Corp COM | 0.03% | - | 8,388,000 | $528K | $0.06 | No quote |
| 71 | DEO | Diageo PLC COM | 0.03% | - | 4,640,000 | $523K | $0.11 | No quote |
| 72 | GDXJ | Market Vectors Junior Gold Min COM | 0.03% | - | 0 | $493K | No quote | No quote |
| 73 | RDSA | Royal Dutch Shell COM | 0.03% | Reduce -30.2% | 6,935,000 | $481K | No quote | No quote |
| 74 | VIAB | Viacom Inc - B COM | 0.03% | Add +2.4% | 8,575,000 | $460K | No quote | No quote |
| 75 | VNQ | Vanguard Index REIT COM | 0.03% | New | 7,000,000 | $455K | No quote | No quote |
| 76 | EXC | Exelon Corporation COM | 0.03% | - | 0 | $421K | No quote | No quote |
| 77 | MCD | McDonalds Corp COM | 0.02% | - | 4,259,000 | $391K | $0.09 | No quote |
| 79 | EMF | Templeton Emerging Markets COM | 0.02% | - | 0 | $332K | No quote | No quote |
| 78 | MDY | Midcap SPDR Tr Un Sr 1 COM | 0.02% | - | 1,845,000 | $332K | $0.18 | No quote |
| 80 | PEO | Petroleum & Res Corp Com COM | 0.02% | - | 0 | $289K | No quote | No quote |
| 81 | UNH | United Healthcare Corp COM | 0.02% | - | 5,110,000 | $283K | $0.06 | No quote |
| 82 | VDC | Vanguard Consumer Staples Fund COM | 0.02% | New | 2,950,000 | $270K | No quote | No quote |
| 83 | KMP | Kinder Morgan Energy COM | 0.02% | - | 3,025,000 | $250K | No quote | No quote |
| 84 | TEVA | Teva Pharmaceutical Industries COM | 0.01% | - | 5,601,594 | $232K | $0.04 | No quote |
| 85 | GOOGL | Google Inc Cl A COM | 0.01% | New | 300,000 | $226K | $0.75 | No quote |
| 86 | K | Kellogg Co COM | 0.01% | New | 4,350,875 | $225K | No quote | No quote |
| 87 | TGT | Target Corp COM | 0.01% | New | 3,202,000 | $203K | $0.06 | No quote |
| 89 | PDM | Piedmont Office Rlty Tr Inc Co COM | 0.01% | - | 0 | $187K | No quote | No quote |
| 88 | JEQ | Japan Equity Fd Inc Com COM | 0.01% | - | 0 | $187K | No quote | No quote |
| 90 | PHYS | Sprott Physical Gold Trust COM | 0.01% | - | 0 | $182K | No quote | No quote |
| 91 | SDY | SPDR S&P Dividend ETF COM | 0.00% | - | 450,000 | $26K | $0.06 | No quote |
| 92 | SEAOF | SEACO Ltd. COM | 0.00% | New | 0 | $3K | No quote | No quote |
| 93 | LGDI | Legend International Holding COM | 0.00% | - | 0 | $1K | No quote | No quote |
| 97 | IBM | International Business Machine COM | - | Sold | 0 | $0 | No quote | No quote |
| 96 | DUK | Duke Energy Corp COM | - | Sold | 0 | $0 | No quote | No quote |
| 95 | BA | Boeing COM | - | Sold | 0 | $0 | No quote | No quote |
| 94 | ADVNA | Advanta Corp. COM | 0.00% | - | 0 | $0 | No quote | No quote |