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 65 of 99 rows. Rows without a quote are marked unavailable.
| 1 | INTC | Intel Corp | 3.66% | Reduce -5.8% | 1,106,755 | $34.2M | $30.90 | No quote |
| 2 | MSFT | Microsoft Corp | 3.17% | Add +4.6% | 710,925 | $29.65M | $41.70 | No quote |
| 3 | GE | General Electric | 3.07% | Reduce -3.8% | 1,092,957 | $28.72M | $26.28 | No quote |
| 4 | PFE | Pfizer | 3.06% | Reduce -14.6% | 862,084 | $28.55M | $33.12 | No quote |
| 5 | WM | Waste Mgmt Inc Del Com | 2.84% | Reduce -4.9% | 592,575 | $26.51M | $44.73 | No quote |
| 6 | CSCO | Cisco Sys Inc Com | 2.79% | Reduce -5.4% | 1,048,644 | $26.06M | $24.85 | No quote |
| 7 | JNJ | Johnson & Johnson | 2.58% | Reduce -5.9% | 230,147 | $24.08M | $104.62 | No quote |
| 8 | COP | ConocoPhillips | 2.24% | Reduce -6.4% | 244,007 | $20.92M | $85.73 | No quote |
| 9 | PG | Procter and Gamble | 2.20% | Reduce -5.7% | 261,698 | $20.57M | $78.59 | No quote |
| 10 | TRP | Transcanada Corp | 2.13% | Add +15.1% | 417,890 | $19.94M | $47.72 | No quote |
| 11 | VZ | Verizon Communications Com | 2.09% | Reduce -3.4% | 398,923 | $19.52M | $48.93 | No quote |
| 12 | ORCL | Oracle Corp Com | 2.05% | Add +34.2% | 471,849 | $19.12M | $40.53 | No quote |
| 13 | SYY | Sysco Corp | 2.05% | Reduce -5.5% | 510,616 | $19.12M | $37.45 | No quote |
| 14 | MRK | Merck & Co | 2.01% | Reduce -6.0% | 324,650 | $18.78M | $57.85 | No quote |
| 15 | TRV | Travelers Companies Inc | 1.99% | Reduce -5.6% | 197,506 | $18.58M | $94.07 | No quote |
| 16 | USB | US Bancorp | 1.97% | Reduce -1.0% | 424,821 | $18.4M | $43.32 | No quote |
| 17 | ESV | Ensco PLC | 1.93% | New | 324,677 | $18.04M | No quote | No quote |
| 18 | DD | Du Pont E.I. De Nemours & Co. | 1.93% | Add +6.5% | 275,287 | $18.02M | $65.44 | No quote |
| 19 | T | AT&T Inc | 1.84% | Reduce -35.9% | 487,320 | $17.23M | $35.36 | No quote |
| 20 | DE | Deere & Co | 1.81% | Add +10.3% | 186,812 | $16.92M | $90.55 | No quote |
| 21 | XOM | Exxon Mobil Corporation | 1.80% | Reduce -3.5% | 166,673 | $16.78M | $100.68 | No quote |
| 22 | FLR | Fluor Corp. | 1.80% | New | 218,183 | $16.78M | $76.90 | No quote |
| 23 | IP | Intl Paper Co Com | 1.76% | New | 326,102 | $16.46M | No quote | No quote |
| 24 | TRI | Thomson Reuters Corp Com | 1.74% | Reduce -7.1% | 448,345 | $16.3M | No quote | No quote |
| 25 | SLB | Schlumberger Ltd | 1.74% | Reduce -5.4% | 137,950 | $16.27M | $117.95 | No quote |
| 26 | KO | Coca Cola | 1.69% | Add +3.9% | 373,640 | $15.83M | $42.36 | No quote |
| 27 | AXP | American Express Co | 1.69% | Add +57.9% | 166,448 | $15.79M | $94.87 | No quote |
| 28 | EMR | Emerson Electric | 1.69% | Reduce -4.2% | 237,719 | $15.78M | $66.36 | No quote |
| 29 | PEP | Pepsico Inc | 1.68% | Reduce -8.4% | 175,958 | $15.72M | $89.34 | No quote |
| 30 | CEF | Central Fund* | 1.67% | Reduce -4.7% | 1,074,907 | $15.62M | No quote | No quote |
| 31 | EMC | EMC Corp Mass Com | 1.65% | Add +48.3% | 585,091 | $15.41M | No quote | No quote |
| 32 | KMB | Kimberly Clark | 1.61% | Reduce -5.5% | 135,487 | $15.07M | $111.22 | No quote |
| 33 | WFC | Wells Fargo & Co New Com | 1.58% | Add +9.3% | 280,549 | $14.75M | $52.56 | No quote |
| 34 | BK | Bank of New York Mellon Corp | 1.57% | Reduce -10.5% | 391,431 | $14.67M | $37.48 | No quote |
| 35 | ABT | Abbott Labs | 1.55% | Reduce -1.1% | 354,319 | $14.49M | $40.90 | No quote |
| 36 | BAC | Bank Of America Corp | 1.53% | Reduce -3.8% | 930,836 | $14.31M | $15.37 | No quote |
| 37 | EWJ | iShares MSCI Japan | 1.51% | Reduce -4.7% | 1,175,022 | $14.15M | $12.04 | No quote |
| 38 | GSK | GlaxoSmithKline PLC | 1.47% | Reduce -3.0% | 256,099 | $13.7M | $53.48 | No quote |
| 39 | WMT | WalMart Stores | 1.37% | Reduce -4.4% | 170,037 | $12.77M | $75.07 | No quote |
| 40 | CSX | CSX Corp | 1.33% | Add +5.2% | 403,718 | $12.44M | $30.81 | No quote |
| 41 | AAPL | Apple Inc. | 1.32% | Add +551.7% | 132,640 | $12.33M | $92.93 | No quote |
| 42 | GG | Goldcorp Inc | 1.27% | Reduce -5.3% | 424,495 | $11.85M | No quote | No quote |
| 43 | PAYX | Paychex Inc | 1.22% | Reduce -36.5% | 275,003 | $11.43M | $41.56 | No quote |
| 44 | JCI | Johnson Controls Inc | 1.22% | New | 228,596 | $11.41M | $49.93 | No quote |
| 45 | CPB | Campbell Soup | 1.18% | Reduce -6.8% | 240,835 | $11.03M | $45.81 | No quote |
| 46 | UNH | United Healthcare Corp | 1.15% | Add +117.4% | 131,717 | $10.77M | $81.75 | No quote |
| 47 | UPS | United Parcel Service | 1.13% | Add +6.0% | 102,501 | $10.52M | $102.66 | No quote |
| 48 | RIO | Rio Tinto PLC | 1.06% | New | 183,020 | $9.93M | $54.28 | No quote |
| 49 | TXN | Texas Instruments Inc | 1.06% | Reduce -39.0% | 206,689 | $9.88M | $47.79 | No quote |
| 50 | HMC | Honda Motor Co New | 1.05% | Reduce -4.4% | 281,251 | $9.84M | No quote | No quote |
| 51 | ESRX | Express Scripts Inc | 1.04% | Reduce -5.0% | 140,334 | $9.73M | No quote | No quote |
| 52 | MMM | 3M Company | 0.98% | Reduce -4.1% | 63,673 | $9.12M | $143.25 | No quote |
| 53 | NLY | Annaly Capital Management | 0.97% | New | 790,068 | $9.03M | No quote | No quote |
| 54 | BRK/B | Berkshire Hathaway Inc Cl BCUSIP 084670702 | 0.89% | New | 65,741 | $8.32M | No quote | No quote |
| 55 | BMY | Bristol-Myers Squibb Co | 0.88% | Reduce -6.1% | 168,990 | $8.2M | $48.51 | No quote |
| 56 | VWO | Vanguard Emerging Markets | 0.72% | New | 155,163 | $6.69M | $43.13 | No quote |
| 57 | DVY | iShares Dow Jones Select Div I | 0.39% | Reduce -16.1% | 46,823 | $3.6M | No quote | No quote |
| 58 | SPY | SPDR Tr Unit Ser 1 | 0.33% | Reduce -31.8% | 15,598 | $3.05M | $195.73 | No quote |
| 59 | GLD | SPDR Gold Trust | 0.31% | Reduce -12.3% | 22,607 | $2.9M | $128.06 | No quote |
| 60 | RSP | Rydex S&P 500 Equal Weighted I | 0.24% | Reduce -1.0% | 29,125 | $2.23M | $76.70 | No quote |
| 61 | IAU | iShares Comex Gold | 0.22% | Reduce -15.4% | 159,576 | $2.06M | $12.88 | No quote |
| 62 | RDSB | Royal Dutch Shell PLC B | 0.17% | Reduce -2.1% | 18,264 | $1.59M | No quote | No quote |
| 63 | VOO | Vanguard S&P 500 ETF | 0.15% | Add +25.0% | 8,038 | $1.44M | $179.40 | No quote |
| 64 | GDX | Market Vectors Gold Miners | 0.15% | Reduce -2.8% | 53,054 | $1.4M | No quote | No quote |
| 65 | MKC | McCormick & Co | 0.14% | Reduce -3.8% | 17,900 | $1.28M | $71.56 | No quote |
| 66 | HDV | iShares High Dividend Equity F | 0.11% | Reduce -19.9% | 13,591 | $1.03M | No quote | No quote |
| 67 | SBAC | SBA Communications Corp | 0.09% | - | 8,388 | $858K | $102.29 | No quote |
| 68 | PM | Phillip Morris International | 0.07% | Reduce -3.6% | 7,964 | $672K | $84.38 | No quote |
| 69 | JOF | Japan Smaller Cap. Fund | 0.07% | Reduce -9.3% | 66,600 | $629K | No quote | No quote |
| 70 | MO | Altria Group Inc. | 0.06% | Reduce -16.8% | 14,280 | $599K | $41.95 | No quote |
| 71 | RDSA | Royal Dutch Shell | 0.05% | Reduce -2.2% | 5,476 | $451K | No quote | No quote |
| 72 | QQQ | PowerShares QQQ Trust | 0.05% | Add +34.1% | 4,572 | $429K | $93.83 | No quote |
| 73 | MCD | McDonalds Corp | 0.04% | Reduce -5.0% | 4,134 | $416K | $100.63 | No quote |
| 74 | TMO | Thermo Fisher Scientific Inc | 0.04% | New | 3,500 | $413K | $118.00 | No quote |
| 75 | VEU | Vanguard FTSE All-World ex-US | 0.04% | Add +34.3% | 7,833 | $410K | $52.34 | No quote |
| 76 | MDY | Midcap SPDR Tr Un Sr 1 | 0.04% | Reduce -10.5% | 1,280 | $334K | $260.94 | No quote |
| 78 | IWR | Ishares Russell Midcap Index | 0.03% | - | 2,000 | $325K | $162.50 | No quote |
| 77 | HD | Home Depot | 0.03% | Add +0.5% | 4,020 | $325K | $80.85 | No quote |
| 79 | IVV | iShares Tr S&P 500 Index | 0.03% | - | 1,559 | $307K | $196.92 | No quote |
| 80 | EMF | Templeton Emerging Markets | 0.03% | Add +3.4% | 15,072 | $275K | No quote | No quote |
| 81 | PEO | Petroleum & Res Corp Com | 0.03% | Reduce -7.9% | 8,535 | $266K | No quote | No quote |
| 82 | JEQ | Aberdeen Japan Equity Fund Inc | 0.02% | Reduce -10.9% | 32,650 | $232K | No quote | No quote |
| 83 | MDU | MDU Resources Group Inc | 0.02% | New | 6,074 | $213K | No quote | No quote |
| 84 | PPL | PPL Corporation | 0.02% | New | 5,775 | $205K | $35.50 | No quote |
| 85 | PHYS | Sprott Physical Gold Trust | 0.02% | Add +50.0% | 18,000 | $198K | $11.00 | No quote |
| 86 | PNY | Piedmont Natural Gas | 0.02% | New | 4,400 | $165K | No quote | No quote |
| 87 | AUY | Yamana Gold Inc | 0.01% | Reduce -7.5% | 14,100 | $116K | No quote | No quote |
| 99 | SDY | SPDR S&P Dividend ETF | - | Sold | 0 | $0 | No quote | No quote |
| 98 | SLGLF | Silverado Gold Mines Ltd | 0.00% | - | 10,000 | $0 | No quote | No quote |
| 97 | SEAOF | SEACO Ltd. | 0.00% | - | 50,656 | $0 | No quote | No quote |
| 96 | POT | Potash Corp Sask Inc | - | Sold | 0 | $0 | No quote | No quote |
| 95 | M | Macy's Inc | - | Sold | 0 | $0 | No quote | No quote |
| 94 | ETR | Entergy Corp | - | Sold | 0 | $0 | No quote | No quote |
| 93 | GLW | Corning Inc | - | Sold | 0 | $0 | No quote | No quote |
| 92 | C | CitiGroup Inc | - | Sold | 0 | $0 | No quote | No quote |
| 91 | CA | CA Inc | - | Sold | 0 | $0 | No quote | No quote |
| 90 | BRCM | Broadcom Corp Cl A | - | Sold | 0 | $0 | No quote | No quote |
| 89 | BDX | Becton Dickinson & Co | - | Sold | 0 | $0 | No quote | No quote |
| 88 | ADVNA | Advanta Corp. | 0.00% | - | 10,000 | $0 | No quote | No quote |