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
- +8.29%
- 1-year
- -10.38%
- 3-year
- +34.77%
- 5-year
- +43.41%
- 3-year vs S&P 500
- -38.47%
- 5-year vs S&P 500
- -30.27%
- 5-year top 5
- +41.99%
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 2026-06-06 from SEC 13F data.
Live quotes available for 11 of 97 rows. Rows without a quote are marked unavailable.
| 1 | AAPL | Apple Inc. COM | 9.02% | Reduce -0.8% | 1,172,000 | $781K | $0.67 | No quote |
| 2 | VOX | Vanguard Telecommunications COM | 8.00% | Add +207.7% | 9,230,000 | $693K | No quote | No quote |
| 3 | NVS | Novartis AG COM | 7.52% | New | 10,612,690 | $651K | $0.06 | No quote |
| 4 | SBAC | SBA Communications Corp COM | 6.10% | - | 8,388,000 | $528K | $0.06 | No quote |
| 5 | DEO | Diageo PLC COM | 6.04% | - | 4,640,000 | $523K | $0.11 | No quote |
| 6 | RDSA | Royal Dutch Shell COM | 5.56% | Reduce -30.2% | 6,935,000 | $481K | No quote | No quote |
| 7 | VIAB | Viacom Inc - B COM | 5.31% | Add +2.4% | 8,575,000 | $460K | No quote | No quote |
| 8 | VNQ | Vanguard Index REIT COM | 5.26% | New | 7,000,000 | $455K | No quote | No quote |
| 9 | MCD | McDonalds Corp COM | 4.52% | - | 4,259,000 | $391K | $0.09 | No quote |
| 10 | MDY | Midcap SPDR Tr Un Sr 1 COM | 3.83% | - | 1,845,000 | $332K | $0.18 | No quote |
| 11 | UNH | United Healthcare Corp COM | 3.27% | - | 5,110,000 | $283K | $0.06 | No quote |
| 12 | VDC | Vanguard Consumer Staples Fund COM | 3.12% | New | 2,950,000 | $270K | No quote | No quote |
| 13 | KMP | Kinder Morgan Energy COM | 2.89% | - | 3,025,000 | $250K | No quote | No quote |
| 14 | TEVA | Teva Pharmaceutical Industries COM | 2.68% | - | 5,601,594 | $232K | $0.04 | No quote |
| 15 | GOOGL | Google Inc Cl A COM | 2.61% | New | 300,000 | $226K | $0.75 | No quote |
| 16 | K | Kellogg Co COM | 2.60% | New | 4,350,875 | $225K | No quote | No quote |
| 17 | TGT | Target Corp COM | 2.34% | New | 3,202,000 | $203K | $0.06 | No quote |
| 18 | GG | Goldcorp Inc COM | 0.82% | - | 0 | $70.6K | No quote | No quote |
| 19 | NEM | Newmont Mining Corp Com COM | 0.81% | - | 0 | $70.44K | No quote | No quote |
| 20 | PFE | Pfizer COM | 0.79% | - | 0 | $68.43K | No quote | No quote |
| 21 | JNJ | Johnson & Johnson COM | 0.70% | - | 0 | $60.81K | No quote | No quote |
| 22 | GOLD | Barrick Gold Corp Com COM | 0.64% | - | 0 | $55.49K | No quote | No quote |
| 23 | BMY | Bristol-Myers Squibb Co COM | 0.62% | - | 0 | $53.4K | No quote | No quote |
| 24 | VZ | Verizon Communications Com COM | 0.56% | - | 0 | $48.54K | No quote | No quote |
| 25 | PG | Procter and Gamble COM | 0.54% | - | 0 | $46.81K | No quote | No quote |
| 26 | MRK | Merck & Co COM | 0.53% | - | 0 | $45.77K | No quote | No quote |
| 27 | WM | Waste Mgmt Inc Del Com COM | 0.53% | - | 0 | $45.61K | No quote | No quote |
| 28 | T | AT&T Inc COM | 0.50% | - | 0 | $43.26K | No quote | No quote |
| 29 | CEF | Central Fund* COM | 0.47% | - | 0 | $40.6K | No quote | No quote |
| 30 | INTC | Intel Corp COM | 0.47% | - | 0 | $40.55K | No quote | No quote |
| 31 | PEP | Pepsico Inc COM | 0.42% | - | 0 | $36.7K | No quote | No quote |
| 32 | PAYX | Paychex Inc COM | 0.41% | - | 0 | $35.09K | No quote | No quote |
| 33 | DD | Du Pont E.I. De Nemours & Co. COM | 0.39% | - | 0 | $34.07K | No quote | No quote |
| 34 | VOD | Vodafone COM | 0.39% | - | 0 | $33.92K | No quote | No quote |
| 35 | KO | Coca Cola COM | 0.39% | - | 0 | $33.72K | No quote | No quote |
| 36 | CSCO | Cisco Sys Inc Com COM | 0.39% | - | 0 | $33.61K | No quote | No quote |
| 37 | WFC | Wells Fargo & Co New Com COM | 0.39% | New | 0 | $33.49K | No quote | No quote |
| 38 | TRP | Transcanada Corp COM | 0.39% | - | 0 | $33.36K | No quote | No quote |
| 39 | GE | General Electric COM | 0.38% | - | 0 | $32.88K | No quote | No quote |
| 40 | ABT | Abbott Labs COM | 0.36% | - | 0 | $30.98K | No quote | No quote |
| 41 | MSFT | Microsoft Corp COM | 0.35% | - | 0 | $30.06K | No quote | No quote |
| 42 | ADP | Automatic Data Processing COM | 0.34% | - | 0 | $29.84K | No quote | No quote |
| 43 | KMI | Kinder Morgan Inc COM | 0.33% | - | 0 | $28.67K | No quote | No quote |
| 44 | ADM | Archer Daniels Midland Com COM | 0.33% | - | 0 | $28.66K | No quote | No quote |
| 45 | JPM | J.P. Morgan COM | 0.31% | - | 0 | $27.26K | No quote | No quote |
| 46 | AUY | Yamana Gold Inc COM | 0.31% | - | 0 | $26.82K | No quote | No quote |
| 47 | CLX | Clorox Co COM | 0.31% | - | 0 | $26.66K | No quote | No quote |
| 48 | WMT | WalMart Stores COM | 0.31% | - | 0 | $26.44K | No quote | No quote |
| 49 | MMM | 3M Company COM | 0.30% | - | 0 | $26.32K | No quote | No quote |
| 50 | SDY | SPDR S&P Dividend ETF COM | 0.30% | - | 450,000 | $26K | $0.06 | No quote |
| 51 | CL | Colgate Palmolive COM | 0.28% | - | 0 | $24.26K | No quote | No quote |
| 52 | SYY | Sysco Corp COM | 0.28% | - | 0 | $24.16K | No quote | No quote |
| 53 | TRI | Thomson Reuters Corp Com COM | 0.28% | - | 0 | $23.96K | No quote | No quote |
| 54 | XOM | Exxon Mobil Corporation COM | 0.26% | - | 0 | $22.8K | No quote | No quote |
| 55 | WAG | Walgreen Co. COM | 0.26% | - | 0 | $22.74K | No quote | No quote |
| 56 | KMB | Kimberly Clark COM | 0.26% | - | 0 | $22.44K | No quote | No quote |
| 57 | GSK | GlaxoSmithKline PLC COM | 0.24% | - | 0 | $21.16K | No quote | No quote |
| 58 | CVX | Chevron Corp COM | 0.24% | - | 0 | $21.09K | No quote | No quote |
| 59 | EMC | EMC Corp Mass Com COM | 0.24% | - | 0 | $20.99K | No quote | No quote |
| 60 | PBCT | Peoples United Financial Inc COM | 0.24% | - | 0 | $20.72K | No quote | No quote |
| 61 | TRV | Travelers Companies Inc COM | 0.23% | - | 0 | $19.62K | No quote | No quote |
| 62 | BRCM | Broadcom Corp Cl A COM | 0.22% | New | 0 | $19.26K | No quote | No quote |
| 63 | EMR | Emerson Electric COM | 0.20% | - | 0 | $17.72K | No quote | No quote |
| 64 | DIS | Walt Disney Co COM | 0.19% | - | 0 | $16.2K | No quote | No quote |
| 65 | MKC | McCormick & Co COM | 0.12% | - | 0 | $10.18K | No quote | No quote |
| 66 | BAC | Bank Of America Corp COM | 0.09% | New | 0 | $8.08K | No quote | No quote |
| 67 | GLD | SPDR Gold Trust COM | 0.09% | - | 0 | $7.73K | No quote | No quote |
| 68 | LLY | Eli Lilly & Co COM | 0.08% | - | 0 | $6.94K | No quote | No quote |
| 69 | EWJ | iShares MSCI Japan COM | 0.08% | - | 0 | $6.64K | No quote | No quote |
| 70 | GDX | Market Vectors Gold Miners COM | 0.05% | - | 0 | $4.12K | No quote | No quote |
| 71 | PM | Phillip Morris International COM | 0.04% | - | 0 | $3.89K | No quote | No quote |
| 72 | SPY | SPDR Tr Unit Ser 1 COM | 0.04% | - | 0 | $3.42K | No quote | No quote |
| 73 | RGLD | Royal Gold, Inc COM | 0.03% | - | 0 | $2.91K | No quote | No quote |
| 74 | IAU | iShares Comex Gold COM | 0.03% | - | 0 | $2.74K | No quote | No quote |
| 75 | DVY | iShares Dow Jones Select Div I COM | 0.03% | - | 0 | $2.33K | No quote | No quote |
| 76 | VPU | Vanguard Utilities VIPERS COM | 0.02% | - | 0 | $1.73K | No quote | No quote |
| 77 | MO | Altria Group Inc. COM | 0.02% | - | 0 | $1.69K | No quote | No quote |
| 78 | HDV | iShares High Dividend Equity F COM | 0.02% | - | 0 | $1.6K | No quote | No quote |
| 79 | RDSB | Royal Dutch Shell PLC B COM | 0.02% | - | 0 | $1.53K | No quote | No quote |
| 80 | RSP | Rydex S&P 500 Equal Weighted I COM | 0.02% | - | 0 | $1.48K | No quote | No quote |
| 81 | D | Dominion Res Inc Va Com COM | 0.01% | - | 0 | $818 | No quote | No quote |
| 82 | - | American Water Works Co Inc COMCUSIP 030411102 | 0.01% | - | 0 | $792 | No quote | No quote |
| 83 | JOF | Japan Smaller Cap. Fund COM | 0.01% | - | 0 | $649 | No quote | No quote |
| 84 | UN | Unilever NV COM | 0.01% | - | 0 | $635 | No quote | No quote |
| 85 | GDXJ | Market Vectors Junior Gold Min COM | 0.01% | - | 0 | $493 | No quote | No quote |
| 86 | EXC | Exelon Corporation COM | 0.00% | - | 0 | $421 | No quote | No quote |
| 87 | EMF | Templeton Emerging Markets COM | 0.00% | - | 0 | $332 | No quote | No quote |
| 88 | PEO | Petroleum & Res Corp Com COM | 0.00% | - | 0 | $289 | No quote | No quote |
| 90 | PDM | Piedmont Office Rlty Tr Inc Co COM | 0.00% | - | 0 | $187 | No quote | No quote |
| 89 | JEQ | Japan Equity Fd Inc Com COM | 0.00% | - | 0 | $187 | No quote | No quote |
| 91 | PHYS | Sprott Physical Gold Trust COM | 0.00% | - | 0 | $182 | No quote | No quote |
| 92 | SEAOF | SEACO Ltd. COM | 0.00% | New | 0 | $3 | No quote | No quote |
| 93 | LGDI | Legend International Holding COM | 0.00% | - | 0 | $1 | 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 |