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 14 of 97 rows. Rows without a quote are marked unavailable.
| 1 | PFE | Pfizer COM | 4.38% | - | 0 | $73.63M | No quote | No quote |
| 2 | BMY | Bristol-Myers Squibb Co COM | 3.67% | - | 0 | $61.67M | No quote | No quote |
| 3 | T | AT&T Inc COM | 3.27% | - | 0 | $54.94M | No quote | No quote |
| 4 | NEM | Newmont Mining Corp Com COM | 3.17% | - | 0 | $53.3M | No quote | No quote |
| 5 | WM | Waste Mgmt Inc Del Com COM | 3.10% | - | 0 | $52.2M | No quote | No quote |
| 6 | GG | Goldcorp Inc COM | 3.05% | - | 0 | $51.27M | No quote | No quote |
| 7 | VZ | Verizon Communications Com COM | 3.03% | - | 0 | $51.02M | No quote | No quote |
| 8 | PG | Procter and Gamble COM | 3.02% | - | 0 | $50.72M | No quote | No quote |
| 9 | JNJ | Johnson & Johnson COM | 3.00% | - | 0 | $50.51M | No quote | No quote |
| 10 | KO | Coca Cola COM | 2.81% | - | 0 | $47.33M | No quote | No quote |
| 11 | WFC | Wells Fargo & Co New Com COM | 2.72% | - | 0 | $45.72M | No quote | No quote |
| 12 | MRK | Merck & Co COM | 2.69% | - | 0 | $45.16M | No quote | No quote |
| 13 | INTC | Intel Corp COM | 2.64% | - | 0 | $44.43M | No quote | No quote |
| 14 | VOD | Vodafone COM | 2.58% | - | 0 | $43.43M | No quote | No quote |
| 15 | GE | General Electric COM | 2.46% | - | 0 | $41.42M | No quote | No quote |
| 16 | PEP | Pepsico Inc COM | 2.38% | - | 0 | $39.93M | No quote | No quote |
| 17 | PAYX | Paychex Inc COM | 2.34% | - | 0 | $39.29M | No quote | No quote |
| 18 | CSCO | Cisco Sys Inc Com COM | 2.28% | - | 0 | $38.42M | No quote | No quote |
| 19 | MSFT | Microsoft Corp COM | 2.19% | - | 0 | $36.75M | No quote | No quote |
| 20 | SYY | Sysco Corp COM | 2.18% | - | 0 | $36.69M | No quote | No quote |
| 21 | AUY | Yamana Gold Inc COM | 2.04% | - | 0 | $34.38M | No quote | No quote |
| 22 | WMT | WalMart Stores COM | 1.98% | - | 0 | $33.3M | No quote | No quote |
| 23 | KMI | Kinder Morgan Inc COM | 1.91% | - | 0 | $32.17M | No quote | No quote |
| 24 | ADP | Automatic Data Processing COM | 1.87% | - | 0 | $31.52M | No quote | No quote |
| 25 | WAG | Walgreen Co. COM | 1.79% | - | 0 | $30.09M | No quote | No quote |
| 26 | CEF | Central Fund* COM | 1.78% | - | 0 | $29.9M | No quote | No quote |
| 27 | TRI | Thomson Reuters Corp Com COM | 1.60% | - | 0 | $26.9M | No quote | No quote |
| 28 | TRP | Transcanada Corp COM | 1.57% | - | 0 | $26.32M | No quote | No quote |
| 29 | BP | BP PLC COM | 1.52% | New | 0 | $25.6M | No quote | No quote |
| 30 | CL | Colgate Palmolive COM | 1.46% | - | 0 | $24.52M | No quote | No quote |
| 31 | BDX | Becton Dickinson & Co COM | 1.42% | - | 0 | $23.93M | No quote | No quote |
| 32 | DD | Du Pont E.I. De Nemours & Co. COM | 1.39% | - | 0 | $23.43M | No quote | No quote |
| 33 | TRV | Travelers Companies Inc COM | 1.33% | - | 0 | $22.43M | No quote | No quote |
| 34 | CA | CA Inc COM | 1.33% | - | 0 | $22.41M | No quote | No quote |
| 35 | PBCT | Peoples United Financial Inc COM | 1.30% | - | 0 | $21.93M | No quote | No quote |
| 36 | APA | Apache Corp Com COM | 1.28% | New | 0 | $21.6M | No quote | No quote |
| 37 | XOM | Exxon Mobil Corporation COM | 1.27% | - | 0 | $21.43M | No quote | No quote |
| 38 | EMR | Emerson Electric COM | 1.27% | - | 0 | $21.39M | No quote | No quote |
| 39 | CLX | Clorox Co COM | 1.23% | - | 0 | $20.67M | No quote | No quote |
| 40 | GSK | GlaxoSmithKline PLC COM | 1.22% | - | 0 | $20.44M | No quote | No quote |
| 41 | MMM | 3M Company COM | 1.19% | - | 0 | $20.07M | No quote | No quote |
| 42 | CVX | Chevron Corp COM | 1.17% | - | 0 | $19.71M | No quote | No quote |
| 43 | DE | Deere & Co COM | 1.14% | - | 0 | $19.09M | No quote | No quote |
| 44 | AAPL | Apple Inc. COM | 1.09% | Reduce -100.0% | 0 | $18.36M | No quote | No quote |
| 45 | KMB | Kimberly Clark COM | 1.01% | - | 0 | $17.04M | No quote | No quote |
| 46 | GOLD | Barrick Gold Corp Com COM | 1.00% | - | 0 | $16.81M | No quote | No quote |
| 47 | JPM | J.P. Morgan COM | 0.84% | - | 0 | $14.14M | No quote | No quote |
| 48 | RGLD | Royal Gold, Inc COM | 0.55% | - | 0 | $9.29M | No quote | No quote |
| 49 | ABT | Abbott Labs COM | 0.54% | - | 0 | $9.01M | No quote | No quote |
| 50 | EWJ | iShares MSCI Japan COM | 0.50% | - | 0 | $8.46M | No quote | No quote |
| 51 | MKC | McCormick & Co COM | 0.46% | - | 0 | $7.81M | No quote | No quote |
| 52 | GLD | SPDR Gold Trust COM | 0.45% | - | 0 | $7.55M | No quote | No quote |
| 53 | EWZ | iShares MSCI Brazil Index COM | 0.40% | New | 0 | $6.64M | No quote | No quote |
| 54 | PM | Phillip Morris International COM | 0.24% | - | 0 | $4.03M | No quote | No quote |
| 55 | SPY | SPDR Tr Unit Ser 1 COM | 0.21% | - | 0 | $3.61M | No quote | No quote |
| 56 | IAU | iShares Comex Gold COM | 0.20% | - | 0 | $3.4M | No quote | No quote |
| 57 | GDX | Market Vectors Gold Miners COM | 0.20% | - | 0 | $3.29M | No quote | No quote |
| 58 | DVY | iShares Dow Jones Select Div I COM | 0.17% | - | 0 | $2.82M | No quote | No quote |
| 59 | MO | Altria Group Inc. COM | 0.13% | - | 0 | $2.2M | No quote | No quote |
| 60 | RSP | Rydex S&P 500 Equal Weighted I COM | 0.10% | - | 0 | $1.61M | No quote | No quote |
| 61 | HDV | iShares High Dividend Equity F COM | 0.09% | - | 0 | $1.44M | No quote | No quote |
| 62 | RDSB | Royal Dutch Shell PLC B COM | 0.08% | - | 0 | $1.36M | No quote | No quote |
| 63 | SDIV | Global X Superdividend Fund COM | 0.06% | - | 0 | $949K | No quote | No quote |
| 64 | D | Dominion Res Inc Va Com COM | 0.05% | - | 0 | $807K | No quote | No quote |
| 65 | JOF | Japan Smaller Cap. Fund COM | 0.04% | - | 0 | $734K | No quote | No quote |
| 66 | SBAC | SBA Communications Corp COM | 0.04% | - | 8,388,000 | $604K | $0.07 | No quote |
| 67 | FE | FirstEnergy Corp COM | 0.03% | New | 0 | $553K | No quote | No quote |
| 68 | VOX | Vanguard Telecommunications COM | 0.03% | Reduce -12.9% | 7,055,000 | $523K | No quote | No quote |
| 69 | RDSA | Royal Dutch Shell COM | 0.03% | Reduce -0.4% | 7,144,468 | $466K | No quote | No quote |
| 70 | GOOGL | Google Inc Cl A COM | 0.03% | Add +15.0% | 575,000 | $457K | $0.79 | No quote |
| 71 | MCD | McDonalds Corp COM | 0.03% | Add +1.2% | 4,309,000 | $430K | $0.10 | No quote |
| 72 | VIAB | Viacom Inc - B COM | 0.02% | Reduce -26.7% | 6,137,000 | $377K | No quote | No quote |
| 73 | NVS | Novartis AG COM | 0.02% | New | 5,107,690 | $364K | $0.07 | No quote |
| 74 | IWR | Ishares Russell Midcap Index COM | 0.02% | New | 2,840,000 | $362K | $0.13 | No quote |
| 75 | MDY | Midcap SPDR Tr Un Sr 1 COM | 0.02% | - | 1,695,000 | $355K | $0.21 | No quote |
| 76 | GDXJ | Market Vectors Junior Gold Min COM | 0.02% | - | 0 | $351K | No quote | No quote |
| 77 | KMP | Kinder Morgan Energy COM | 0.02% | Add +26.7% | 3,833,000 | $344K | No quote | No quote |
| 78 | TGT | Target Corp COM | 0.02% | New | 4,702,000 | $322K | $0.07 | No quote |
| 79 | K | Kellogg Co COM | 0.02% | Add +10.0% | 4,952,378 | $319K | No quote | No quote |
| 80 | EMF | Templeton Emerging Markets COM | 0.02% | - | 0 | $311K | No quote | No quote |
| 81 | UNH | United Healthcare Corp COM | 0.02% | Add +3.6% | 5,293,000 | $303K | $0.06 | No quote |
| 82 | VDC | Vanguard Consumer Staples Fund COM | 0.02% | - | 2,850,000 | $287K | No quote | No quote |
| 83 | AWK | American Water Works Co Inc COM | 0.02% | New | 6,800,000 | $282K | $0.04 | No quote |
| 84 | PEO | Petroleum & Res Corp Com COM | 0.02% | - | 0 | $278K | No quote | No quote |
| 85 | IWF | Ishares Tr Russell 1000 Growth COM | 0.02% | New | 3,792,000 | $271K | $0.07 | No quote |
| 86 | TEVA | Teva Pharmaceutical Industries COM | 0.01% | New | 6,267,594 | $249K | $0.04 | No quote |
| 87 | IVV | iShares Tr S&P 500 Index COM | 0.01% | New | 1,559,000 | $245K | $0.16 | No quote |
| 88 | JEQ | Japan Equity Fd Inc Com COM | 0.01% | - | 0 | $229K | No quote | No quote |
| 89 | AMZN | Amazon Inc COM | 0.01% | New | 850,000 | $227K | $0.27 | No quote |
| 90 | PHYS | Sprott Physical Gold Trust COM | 0.01% | - | 0 | $183K | No quote | No quote |
| 91 | F | Ford Motor COM | 0.01% | New | 0 | $147K | No quote | No quote |
| 92 | SDY | SPDR S&P Dividend ETF COM | 0.01% | Add +211.1% | 1,400,000 | $92K | $0.07 | No quote |
| 93 | SEAOF | SEACO Ltd. COM | 0.00% | - | 0 | $5K | No quote | No quote |
| 94 | LGDI | Legend International Holding COM | 0.00% | - | 0 | $1K | No quote | No quote |
| 97 | VNQ | Vanguard Index REIT COM | - | Sold | 0 | $0 | No quote | No quote |
| 96 | DEO | Diageo PLC COM | - | Sold | 0 | $0 | No quote | No quote |
| 95 | ADVNA | Advanta Corp. COM | 0.00% | - | 0 | $0 | No quote | No quote |