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.
Get email alerts when Valley Forge Capital Management files a new 13F — sign in or create a free account.
Updated 2026-06-06 from SEC 13F data.
Live quotes available for 71 of 109 rows. Rows without a quote are marked unavailable.
| 1 | MSFT | Microsoft Corp | 3.42% | Reduce -14.8% | 605,375 | $28.07M | $46.36 | No quote |
| 2 | INTC | Intel Corp | 2.99% | Reduce -36.4% | 703,861 | $24.51M | $34.82 | No quote |
| 3 | GE | General Electric | 2.98% | Reduce -12.6% | 954,847 | $24.46M | $25.62 | No quote |
| 4 | CSCO | Cisco Sys Inc Com | 2.73% | Reduce -15.3% | 888,360 | $22.36M | $25.17 | No quote |
| 5 | PFE | Pfizer | 2.59% | Reduce -16.6% | 718,667 | $21.25M | $29.57 | No quote |
| 6 | WM | Waste Mgmt Inc Del Com | 2.51% | Reduce -27.0% | 432,832 | $20.57M | $47.53 | No quote |
| 7 | JNJ | Johnson & Johnson | 2.50% | Reduce -16.3% | 192,545 | $20.52M | $106.59 | No quote |
| 8 | PG | Procter and Gamble | 2.28% | Reduce -14.8% | 223,029 | $18.68M | $83.74 | No quote |
| 9 | CSX | CSX Corp | 2.24% | Add +41.9% | 572,997 | $18.37M | $32.06 | No quote |
| 10 | VZ | Verizon Communications Com | 2.16% | Reduce -11.2% | 354,146 | $17.7M | $49.99 | No quote |
| 11 | SYY | Sysco Corp | 2.07% | Reduce -12.2% | 448,107 | $17.01M | $37.95 | No quote |
| 12 | DD | Du Pont E.I. De Nemours & Co. | 2.07% | Reduce -14.1% | 236,558 | $16.98M | $71.76 | No quote |
| 13 | MRK | Merck & Co | 2.04% | Reduce -13.3% | 281,569 | $16.69M | $59.28 | No quote |
| 14 | T | AT&T Inc | 1.96% | Reduce -6.3% | 456,752 | $16.1M | $35.24 | No quote |
| 15 | ORCL | Oracle Corp Com | 1.95% | Reduce -11.3% | 418,315 | $16.01M | $38.28 | No quote |
| 16 | TRV | Travelers Companies Inc | 1.95% | Reduce -13.9% | 170,037 | $15.97M | $93.94 | No quote |
| 17 | USB | US Bancorp | 1.92% | Reduce -11.6% | 375,735 | $15.72M | $41.83 | No quote |
| 18 | EMC | EMC Corp Mass Com | 1.79% | Reduce -14.4% | 500,974 | $14.66M | No quote | No quote |
| 19 | NLY | Annaly Capital Management | 1.78% | Add +72.9% | 1,366,078 | $14.59M | No quote | No quote |
| 20 | IP | Intl Paper Co Com | 1.73% | Reduce -9.1% | 296,406 | $14.15M | No quote | No quote |
| 21 | KO | Coca Cola | 1.72% | Reduce -11.4% | 331,182 | $14.13M | $42.66 | No quote |
| 22 | WFC | Wells Fargo & Co New Com | 1.70% | Reduce -4.2% | 268,680 | $13.94M | $51.87 | No quote |
| 23 | PNC | PNC Financial Services Group | 1.70% | New | 162,568 | $13.91M | $85.58 | No quote |
| 24 | XOM | Exxon Mobil Corporation | 1.67% | Reduce -12.6% | 145,633 | $13.7M | $94.05 | No quote |
| 25 | TRI | Thomson Reuters Corp Com | 1.66% | Reduce -16.5% | 374,377 | $13.63M | No quote | No quote |
| 26 | EWJ | iShares MSCI Japan | 1.65% | Reduce -2.1% | 1,150,325 | $13.54M | $11.77 | No quote |
| 27 | AXP | American Express Co | 1.61% | Reduce -9.3% | 150,899 | $13.21M | $87.54 | No quote |
| 28 | ABT | Abbott Labs | 1.60% | Reduce -10.8% | 315,945 | $13.14M | $41.59 | No quote |
| 29 | EMR | Emerson Electric | 1.56% | Reduce -13.9% | 204,653 | $12.81M | $62.58 | No quote |
| 30 | PEP | Pepsico Inc | 1.54% | Reduce -23.0% | 135,454 | $12.61M | $93.09 | No quote |
| 31 | BAC | Bank Of America Corp | 1.53% | Reduce -20.9% | 736,260 | $12.55M | $17.05 | No quote |
| 32 | CEF | Central Fund* | 1.53% | Reduce -5.2% | 1,018,965 | $12.55M | No quote | No quote |
| 33 | GSK | GlaxoSmithKline PLC | 1.48% | Add +3.0% | 263,744 | $12.12M | $45.97 | No quote |
| 34 | WMT | WalMart Stores | 1.46% | Reduce -7.8% | 156,690 | $11.98M | $76.47 | No quote |
| 35 | EBAY | Ebay Inc | 1.43% | New | 207,425 | $11.75M | $56.63 | No quote |
| 36 | SLB | Schlumberger Ltd | 1.42% | Reduce -17.3% | 114,157 | $11.61M | $101.69 | No quote |
| 37 | AAPL | Apple Inc. | 1.39% | Reduce -14.6% | 113,306 | $11.42M | $100.75 | No quote |
| 38 | BA | Boeing | 1.39% | New | 89,415 | $11.39M | $127.38 | No quote |
| 39 | IBM | International Business Machine | 1.38% | New | 59,566 | $11.31M | $189.82 | No quote |
| 40 | VOD | Vodafone | 1.38% | New | 343,311 | $11.29M | No quote | No quote |
| 41 | TRP | Transcanada Corp | 1.37% | Reduce -47.7% | 218,541 | $11.26M | $51.53 | No quote |
| 42 | MCD | McDonalds Corp | 1.35% | Add +2719.6% | 116,560 | $11.05M | $94.81 | No quote |
| 43 | COP | ConocoPhillips | 1.32% | Reduce -42.1% | 141,179 | $10.8M | $76.52 | No quote |
| 44 | PAYX | Paychex Inc | 1.29% | Reduce -13.2% | 238,580 | $10.55M | $44.20 | No quote |
| 45 | UNH | United Healthcare Corp | 1.23% | Reduce -11.5% | 116,538 | $10.05M | $86.25 | No quote |
| 46 | UPS | United Parcel Service | 1.18% | Reduce -3.7% | 98,737 | $9.71M | $98.29 | No quote |
| 47 | SYK | Stryker Corp. | 1.14% | New | 115,390 | $9.32M | $80.75 | No quote |
| 48 | QCOM | Qualcomm Inc Com | 1.14% | New | 124,452 | $9.31M | $74.77 | No quote |
| 49 | JCI | Johnson Controls Inc | 1.12% | Reduce -8.9% | 208,270 | $9.16M | $44.00 | No quote |
| 50 | CMI | Cummins Inc | 1.11% | New | 68,775 | $9.08M | $131.98 | No quote |
| 51 | ESRX | Express Scripts Inc | 1.07% | Reduce -11.3% | 124,436 | $8.79M | No quote | No quote |
| 52 | TXN | Texas Instruments Inc | 1.05% | Reduce -12.8% | 180,231 | $8.6M | $47.69 | No quote |
| 53 | CTRA | Cabot Oil & Gas Corp | 1.04% | New | 259,575 | $8.49M | $32.69 | No quote |
| 54 | NBL | Noble Energy Inc | 1.03% | New | 123,016 | $8.41M | No quote | No quote |
| 55 | GG | Goldcorp Inc | 1.02% | Reduce -14.5% | 362,819 | $8.36M | No quote | No quote |
| 56 | BRK/B | Berkshire Hathaway Inc Cl BCUSIP 084670702 | 0.96% | Reduce -13.6% | 56,811 | $7.85M | No quote | No quote |
| 57 | VWO | Vanguard Emerging Markets | 0.90% | Add +14.1% | 177,071 | $7.39M | $41.71 | No quote |
| 58 | KMB | Kimberly Clark | 0.60% | Reduce -66.3% | 45,604 | $4.91M | $107.58 | No quote |
| 59 | DVY | iShares Dow Jones Select Div I | 0.39% | Reduce -7.9% | 43,122 | $3.19M | No quote | No quote |
| 60 | SPY | SPDR Tr Unit Ser 1 | 0.33% | Reduce -12.2% | 13,703 | $2.7M | $197.04 | No quote |
| 61 | GLD | SPDR Gold Trust | 0.30% | Reduce -7.3% | 20,947 | $2.43M | $116.20 | No quote |
| 62 | RSP | Rydex S&P 500 Equal Weighted I | 0.28% | Add +3.0% | 30,000 | $2.27M | $75.80 | No quote |
| 63 | IAU | iShares Comex Gold | 0.25% | Add +8.3% | 172,845 | $2.02M | $11.70 | No quote |
| 64 | VOO | Vanguard S&P 500 ETF | 0.20% | Add +12.7% | 9,061 | $1.64M | $180.55 | No quote |
| 65 | RDSB | Royal Dutch Shell PLC B | 0.18% | Add +0.0% | 18,267 | $1.45M | No quote | No quote |
| 66 | HDV | iShares High Dividend Equity F | 0.16% | Add +26.5% | 17,196 | $1.29M | No quote | No quote |
| 67 | GDX | Market Vectors Gold Miners | 0.12% | Reduce -10.5% | 47,502 | $1.02M | No quote | No quote |
| 68 | SBAC | SBA Communications Corp | 0.11% | - | 8,388 | $930K | $110.87 | No quote |
| 69 | MKC | McCormick & Co | 0.10% | Reduce -30.7% | 12,400 | $830K | $66.94 | No quote |
| 70 | BMY | Bristol-Myers Squibb Co | 0.09% | Reduce -91.8% | 13,850 | $709K | $51.19 | No quote |
| 71 | PM | Phillip Morris International | 0.09% | Add +5.2% | 8,374 | $698K | $83.35 | No quote |
| 72 | MO | Altria Group Inc. | 0.08% | Add +1.3% | 14,470 | $665K | $45.96 | No quote |
| 73 | JOF | Japan Smaller Cap. Fund | 0.07% | Reduce -7.5% | 61,625 | $597K | No quote | No quote |
| 74 | MAS | Masco Corp | 0.06% | New | 22,000 | $526K | $23.91 | No quote |
| 75 | QQQ | PowerShares QQQ Trust | 0.06% | Add +14.6% | 5,237 | $517K | $98.72 | No quote |
| 76 | TRST | TrustCo Bank Corp NY | 0.06% | New | 77,500 | $499K | No quote | No quote |
| 77 | UPL | Ultra Petroleum Corp. | 0.06% | New | 20,000 | $466K | No quote | No quote |
| 78 | CHK | Chesapeake Energy Corp | 0.06% | New | 20,000 | $460K | No quote | No quote |
| 80 | VEU | Vanguard FTSE All-World ex-US | 0.06% | Add +17.9% | 9,237 | $455K | $49.26 | No quote |
| 79 | RDSA | Royal Dutch Shell | 0.06% | Add +9.1% | 5,976 | $455K | No quote | No quote |
| 81 | TMO | Thermo Fisher Scientific Inc | 0.05% | - | 3,500 | $426K | $121.71 | No quote |
| 82 | HD | Home Depot | 0.04% | Reduce -12.9% | 3,500 | $321K | $91.71 | No quote |
| 83 | IWR | Ishares Russell Midcap Index | 0.04% | - | 2,000 | $317K | $158.50 | No quote |
| 84 | IVV | iShares Tr S&P 500 Index | 0.04% | - | 1,559 | $309K | $198.20 | No quote |
| 85 | MDY | Midcap SPDR Tr Un Sr 1 | 0.04% | Reduce -3.9% | 1,230 | $307K | $249.59 | No quote |
| 86 | EMF | Templeton Emerging Markets | 0.03% | Add +5.3% | 15,872 | $282K | No quote | No quote |
| 87 | OPK | Opko Healthcare | 0.03% | New | 30,000 | $255K | No quote | No quote |
| 88 | MMM | 3M Company | 0.03% | Reduce -97.4% | 1,670 | $237K | $141.92 | No quote |
| 89 | PEO | Petroleum & Res Corp Com | 0.03% | Reduce -5.8% | 8,041 | $232K | No quote | No quote |
| 90 | JEQ | Aberdeen Japan Equity Fund Inc | 0.03% | Reduce -3.1% | 31,650 | $225K | No quote | No quote |
| 91 | CAG | Conagra Foods Inc. | 0.03% | New | 6,700 | $221K | $32.99 | No quote |
| 92 | PHYS | Sprott Physical Gold Trust | 0.02% | Add +11.1% | 20,000 | $199K | $9.95 | No quote |
| 93 | KMP | Kinder Morgan Energy | 0.02% | New | 2,000 | $187K | No quote | No quote |
| 94 | FULT | Fulton Finl Corp Pa Com | 0.02% | New | 11,517 | $128K | $11.11 | No quote |
| 95 | EPD | Enterprise Products Part LP | 0.01% | New | 2,448 | $99K | $40.44 | No quote |
| 96 | AUY | Yamana Gold Inc | 0.01% | Add +3.5% | 14,595 | $88K | No quote | No quote |
| 109 | SLGLF | Silverado Gold Mines Ltd | 0.00% | - | 10,000 | $0 | No quote | No quote |
| 108 | SEAOF | SEACO Ltd. | 0.00% | - | 50,656 | $0 | No quote | No quote |
| 107 | RIO | Rio Tinto PLC | - | Sold | 0 | $0 | No quote | No quote |
| 106 | PPL | PPL Corporation | - | Sold | 0 | $0 | No quote | No quote |
| 105 | PNY | Piedmont Natural Gas | - | Sold | 0 | $0 | No quote | No quote |
| 104 | MDU | MDU Resources Group Inc | - | Sold | 0 | $0 | No quote | No quote |
| 103 | HMC | Honda Motor Co New | - | Sold | 0 | $0 | No quote | No quote |
| 102 | FLR | Fluor Corp. | - | Sold | 0 | $0 | No quote | No quote |
| 101 | ESV | Ensco PLC | - | Sold | 0 | $0 | No quote | No quote |
| 100 | DE | Deere & Co | - | Sold | 0 | $0 | No quote | No quote |
| 99 | CPB | Campbell Soup | - | Sold | 0 | $0 | No quote | No quote |
| 98 | BK | Bank of New York Mellon Corp | - | Sold | 0 | $0 | No quote | No quote |
| 97 | ADVNA | Advanta Corp. | 0.00% | - | 10,000 | $0 | No quote | No quote |