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 77 of 109 rows. Rows without a quote are marked unavailable.
| 1 | PFE | Pfizer | 2.81% | Reduce -6.8% | 626,680 | $21.01M | $33.53 | No quote |
| 2 | INTC | Intel Corp | 2.67% | Reduce -7.7% | 654,787 | $19.92M | $30.41 | No quote |
| 3 | JNJ | Johnson & Johnson | 2.52% | Reduce -6.9% | 193,398 | $18.85M | $97.46 | No quote |
| 4 | BAC | Bank Of America Corp | 2.41% | Reduce -5.8% | 1,056,618 | $17.98M | $17.02 | No quote |
| 5 | POT | Potash Corp Sask Inc | 2.36% | Add +15.5% | 569,661 | $17.64M | No quote | No quote |
| 6 | GE | General Electric | 2.29% | Reduce -29.0% | 644,128 | $17.12M | $26.57 | No quote |
| 7 | MS | Morgan Stanley & Co. | 2.25% | Reduce -6.0% | 433,525 | $16.82M | $38.79 | No quote |
| 8 | MSFT | Microsoft Corp | 2.14% | Reduce -36.6% | 361,430 | $15.96M | $44.15 | No quote |
| 9 | WMT | WalMart Stores | 2.13% | Add +4.4% | 224,005 | $15.89M | $70.93 | No quote |
| 10 | MRK | Merck & Co | 2.12% | Reduce -6.4% | 277,500 | $15.8M | $56.93 | No quote |
| 11 | CSX | CSX Corp | 2.09% | Reduce -7.7% | 477,822 | $15.6M | $32.65 | No quote |
| 12 | CSCO | Cisco Sys Inc Com | 2.06% | Reduce -4.9% | 560,659 | $15.4M | $27.46 | No quote |
| 13 | ORCL | Oracle Corp Com | 2.05% | Add +2.0% | 380,868 | $15.35M | $40.30 | No quote |
| 14 | VZ | Verizon Communications Com | 2.05% | Reduce -5.7% | 327,906 | $15.28M | $46.61 | No quote |
| 15 | EBAY | Ebay Inc | 2.03% | Reduce -8.0% | 251,110 | $15.13M | $60.24 | No quote |
| 17 | WFC | Wells Fargo & Co | 2.02% | Reduce -6.3% | 267,777 | $15.06M | $56.24 | No quote |
| 16 | SYY | Sysco Corp | 2.02% | Reduce -6.8% | 417,184 | $15.06M | $36.10 | No quote |
| 18 | DD | Du Pont E.I. De Nemours & Co. | 1.97% | Add +2.7% | 230,636 | $14.75M | $63.95 | No quote |
| 19 | GOOG | Google Inc Cl C | 1.89% | Reduce -3.1% | 27,094 | $14.1M | $520.52 | No quote |
| 20 | COP | ConocoPhillips | 1.88% | Add +46.9% | 229,096 | $14.07M | $61.41 | No quote |
| 21 | AAPL | Apple Inc. | 1.87% | Reduce -6.8% | 111,287 | $13.96M | $125.42 | No quote |
| 22 | UPS | United Parcel Service | 1.86% | Reduce -1.9% | 143,582 | $13.92M | $96.91 | No quote |
| 23 | T | AT&T Inc | 1.83% | Reduce -6.8% | 384,027 | $13.64M | $35.52 | No quote |
| 24 | ABT | Abbott Labs | 1.82% | Reduce -8.0% | 277,160 | $13.6M | $49.08 | No quote |
| 25 | EMC | EMC Corp Mass Com | 1.76% | Reduce -8.4% | 497,171 | $13.12M | No quote | No quote |
| 26 | IP | Intl Paper Co Com | 1.70% | Reduce -7.4% | 266,658 | $12.69M | No quote | No quote |
| 27 | WM | Waste Mgmt Inc Del Com | 1.67% | Reduce -5.8% | 269,852 | $12.51M | $46.35 | No quote |
| 28 | NLY | Annaly Capital Management | 1.67% | Reduce -6.4% | 1,359,911 | $12.5M | No quote | No quote |
| 29 | VOD | Vodafone | 1.63% | Reduce -4.9% | 334,439 | $12.19M | No quote | No quote |
| 30 | TRI | Thomson Reuters Corp Com | 1.63% | Reduce -6.0% | 319,842 | $12.18M | No quote | No quote |
| 31 | BA | Boeing | 1.59% | Reduce -5.3% | 85,470 | $11.86M | $138.72 | No quote |
| 32 | VWO | Vanguard Emerging Markets | 1.54% | Reduce -5.7% | 281,922 | $11.53M | $40.88 | No quote |
| 33 | XOM | Exxon Mobil Corporation | 1.54% | Reduce -10.8% | 138,126 | $11.49M | $83.20 | No quote |
| 34 | ESRX | Express Scripts Inc | 1.51% | Reduce -8.0% | 127,048 | $11.3M | No quote | No quote |
| 35 | KEY | Keycorp | 1.48% | New | 738,400 | $11.09M | $15.02 | No quote |
| 36 | EMR | Emerson Electric | 1.47% | Add +5.1% | 197,496 | $10.95M | $55.43 | No quote |
| 37 | FITB | Fifth Third Bancorp | 1.45% | New | 520,700 | $10.84M | $20.82 | No quote |
| 38 | F | Ford Motor | 1.44% | Add +17.9% | 717,200 | $10.77M | $15.01 | No quote |
| 39 | SYK | Stryker Corp. | 1.40% | Reduce -9.4% | 109,341 | $10.45M | $95.57 | No quote |
| 40 | PAYX | Paychex Inc | 1.39% | Reduce -4.7% | 222,086 | $10.41M | $46.88 | No quote |
| 41 | PEP | Pepsico Inc | 1.39% | Reduce -10.8% | 111,283 | $10.39M | $93.34 | No quote |
| 42 | SWN | Southwestern Energy Co | 1.35% | New | 443,125 | $10.07M | No quote | No quote |
| 43 | CMCSA | Comcast Corp Cl A | 1.35% | Reduce -6.8% | 167,355 | $10.07M | $60.14 | No quote |
| 44 | CMI | Cummins Inc | 1.21% | Reduce -12.0% | 68,990 | $9.05M | $131.19 | No quote |
| 45 | VIAB | Viacom Inc - B | 1.21% | Add +15.6% | 139,780 | $9.04M | No quote | No quote |
| 46 | KMB | Kimberly Clark | 1.18% | Reduce -5.1% | 83,470 | $8.85M | $105.97 | No quote |
| 47 | CME | CME Group Inc | 1.14% | New | 91,900 | $8.55M | $93.06 | No quote |
| 48 | LNC | Lincoln Natl Corp | 1.10% | New | 139,225 | $8.25M | $59.22 | No quote |
| 49 | BBBYQ | Bed Bath & Beyond | 1.07% | New | 116,250 | $8.02M | No quote | No quote |
| 50 | SE | Spectra Energy Corp | 1.06% | Reduce -4.3% | 242,561 | $7.91M | $32.60 | No quote |
| 51 | EWJ | iShares MSCI Japan | 1.05% | Reduce -5.7% | 613,564 | $7.86M | $12.81 | No quote |
| 52 | TRV | Travelers Companies Inc | 1.03% | Reduce -48.5% | 79,692 | $7.7M | $96.66 | No quote |
| 53 | PSX | Phillips 66 | 0.88% | Reduce -8.0% | 81,225 | $6.54M | $80.55 | No quote |
| 54 | GLW | Corning Inc | 0.86% | New | 325,015 | $6.41M | $19.73 | No quote |
| 55 | BRK/B | Berkshire Hathaway Inc Cl BCUSIP 084670702 | 0.82% | Reduce -12.1% | 45,030 | $6.13M | No quote | No quote |
| 56 | VFC | VF Corp Com | 0.78% | New | 83,475 | $5.82M | $69.75 | No quote |
| 57 | DOW | Dow Chemical | 0.75% | Reduce -4.7% | 109,907 | $5.62M | $51.17 | No quote |
| 58 | FLR | Fluor Corp. | 0.75% | Reduce -44.6% | 105,035 | $5.57M | $53.01 | No quote |
| 59 | AXP | American Express Co | 0.66% | Reduce -62.3% | 63,755 | $4.96M | $77.72 | No quote |
| 60 | CEF | Central Fund* | 0.45% | Reduce -1.3% | 285,591 | $3.33M | No quote | No quote |
| 61 | RSP | Guggenheim S&P 500 Equal Weigh | 0.43% | Add +0.2% | 40,173 | $3.21M | $79.80 | No quote |
| 62 | DVY | iShares Dow Jones Select Div I | 0.42% | Reduce -1.8% | 41,534 | $3.12M | No quote | No quote |
| 63 | SPY | SPDR Tr Unit Ser 1 | 0.33% | Reduce -2.4% | 12,128 | $2.5M | $205.89 | No quote |
| 64 | EMN | Eastman Chemical Co. | 0.30% | Reduce -13.8% | 27,500 | $2.25M | $81.82 | No quote |
| 65 | HDV | iShares High Dividend Equity F | 0.27% | Add +2.5% | 27,716 | $2.04M | No quote | No quote |
| 66 | VOO | Vanguard S&P 500 ETF | 0.26% | Reduce -0.4% | 10,149 | $1.92M | $188.89 | No quote |
| 67 | SBAC | SBA Communications Corp | 0.13% | - | 8,388 | $964K | $114.93 | No quote |
| 68 | USB | US Bancorp | 0.12% | - | 20,196 | $877K | $43.42 | No quote |
| 69 | RDSB | Royal Dutch Shell PLC B | 0.10% | Reduce -23.3% | 13,375 | $767K | No quote | No quote |
| 70 | PG | Procter and Gamble | 0.09% | Reduce -96.2% | 8,826 | $691K | $78.29 | No quote |
| 71 | ETN | Eaton Corporation | 0.09% | Reduce -95.2% | 9,825 | $663K | $67.48 | No quote |
| 72 | KO | Coca Cola | 0.08% | - | 15,116 | $593K | $39.23 | No quote |
| 73 | QQQ | PowerShares QQQ Trust | 0.08% | Reduce -0.1% | 5,516 | $591K | $107.14 | No quote |
| 74 | FAST | Fastenal Co. | 0.08% | Add +1.5% | 13,850 | $584K | $42.17 | No quote |
| 75 | GLD | SPDR Gold Trust | 0.08% | Add +11.7% | 5,020 | $564K | $112.35 | No quote |
| 76 | MKC | McCormick & Co | 0.08% | Reduce -12.6% | 6,950 | $563K | $81.01 | No quote |
| 77 | VEU | Vanguard FTSE All-World ex-US | 0.07% | Add +5.2% | 10,596 | $514K | $48.51 | No quote |
| 78 | GSK | GlaxoSmithKline PLC | 0.07% | Reduce -3.9% | 12,205 | $508K | $41.62 | No quote |
| 79 | UN | Unilever NV | 0.05% | Reduce -18.5% | 9,715 | $406K | No quote | No quote |
| 80 | RDSA | Royal Dutch Shell | 0.05% | Reduce -8.3% | 7,007 | $399K | No quote | No quote |
| 81 | EEM | iShares MSCI Emerging Mkts Ind | 0.05% | Add +28.7% | 9,860 | $391K | $39.66 | No quote |
| 82 | MCD | McDonalds Corp | 0.05% | - | 4,090 | $389K | $95.11 | No quote |
| 83 | MO | Altria Group Inc. | 0.05% | Reduce -50.5% | 6,998 | $342K | $48.87 | No quote |
| 84 | SLB | Schlumberger Ltd | 0.05% | New | 3,950 | $340K | $86.08 | No quote |
| 85 | MDY | Midcap SPDR Tr Un Sr 1 | 0.04% | - | 1,150 | $314K | $273.04 | No quote |
| 86 | AOR | ISHARES Tr Core Growth Allocat | 0.04% | New | 7,500 | $304K | No quote | No quote |
| 87 | JOF | Japan Smaller Cap. Fund | 0.04% | Reduce -0.8% | 26,275 | $284K | No quote | No quote |
| 88 | HD | Home Depot | 0.04% | Reduce -4.1% | 2,500 | $278K | $111.20 | No quote |
| 89 | IAU | iShares Comex Gold | 0.04% | Add +0.3% | 24,246 | $275K | $11.34 | No quote |
| 90 | TRST | TrustCo Bank Corp NY | 0.04% | Reduce -44.4% | 37,500 | $264K | No quote | No quote |
| 91 | TMO | Thermo Fisher Scientific Inc | 0.03% | - | 2,000 | $260K | $130.00 | No quote |
| 92 | PM | Phillip Morris International | 0.03% | Reduce -55.6% | 3,230 | $259K | $80.19 | No quote |
| 93 | MMM | 3M Company | 0.03% | - | 1,670 | $258K | $154.49 | No quote |
| 94 | STZ | Constellation Brands Inc | 0.03% | - | 1,900 | $220K | $115.79 | No quote |
| 95 | EMF | Templeton Emerging Markets | 0.03% | Reduce -5.6% | 15,047 | $219K | No quote | No quote |
| 96 | IVV | iShares Tr S&P 500 Index | 0.03% | - | 1,000 | $207K | $207.00 | No quote |
| 97 | AZO | Autozone Inc | 0.03% | - | 300 | $200K | $666.67 | No quote |
| 98 | JEQ | Aberdeen Japan Equity Fund Inc | 0.03% | - | 23,100 | $191K | No quote | No quote |
| 99 | GG | Goldcorp Inc | 0.02% | Reduce -0.0% | 11,100 | $180K | No quote | No quote |
| 100 | PHYS | Sprott Physical Gold Trust | 0.02% | - | 15,000 | $145K | $9.67 | No quote |
| 101 | AUY | Yamana Gold Inc | 0.00% | - | 11,100 | $33K | No quote | No quote |
| 102 | DNN | Denison Mines Corp | 0.00% | New | 15,000 | $11K | No quote | No quote |
| 109 | TRP | Transcanada Corp | - | Sold | 0 | $0 | No quote | No quote |
| 108 | SEAOF | SEACO Ltd. | 0.00% | - | 50,656 | $0 | No quote | No quote |
| 107 | MCHP | Microchip Technology Com | - | Sold | 0 | $0 | No quote | No quote |
| 106 | MAS | Masco Corp | - | Sold | 0 | $0 | No quote | No quote |
| 105 | KMI | Kinder Morgan Inc | - | Sold | 0 | $0 | No quote | No quote |
| 104 | BMY | Bristol-Myers Squibb Co | - | Sold | 0 | $0 | No quote | No quote |
| 103 | ADVNA | Advanta Corp. | 0.00% | - | 10,000 | $0 | No quote | No quote |