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 19 of 97 rows. Rows without a quote are marked unavailable.
| 1 | KMP | Kinder Morgan Energy COM | 8.87% | Reduce -1.2% | 9,417,584 | $800K | No quote | No quote |
| 2 | GLD | SPDR Gold Trust COM | 8.10% | New | 4,800,000 | $730K | $0.15 | No quote |
| 3 | RDSA | Royal Dutch Shell COM | 8.04% | Add +0.3% | 9,924,000 | $725K | No quote | No quote |
| 4 | AAPL | Apple Inc. COM | 5.51% | Reduce -6.3% | 1,229,000 | $497K | $0.40 | No quote |
| 5 | MCD | McDonalds Corp COM | 4.74% | - | 4,259,000 | $427K | $0.10 | No quote |
| 6 | UNH | United Healthcare Corp COM | 4.07% | New | 7,241,000 | $367K | $0.05 | No quote |
| 7 | GOOGL | Google Inc Cl A COM | 4.04% | Add +41.0% | 564,000 | $364K | $0.65 | No quote |
| 8 | SBAC | SBA Communications Corp COM | 3.99% | - | 8,388,000 | $360K | $0.04 | No quote |
| 9 | NVS | Novartis AG COM | 3.29% | - | 5,200,000 | $297K | $0.06 | No quote |
| 11 | MDY | Midcap SPDR Tr Un Sr 1 COM | 3.26% | - | 1,845,000 | $294K | $0.16 | No quote |
| 10 | COP | ConocoPhillips COM | 3.26% | New | 4,034,000 | $294K | $0.07 | No quote |
| 12 | IBM | International Business Machine COM | 3.17% | New | 1,554,000 | $286K | $0.18 | No quote |
| 13 | - | American Water Works Co Inc COMCUSIP 030411102 | 2.93% | - | 8,300,000 | $264K | No quote | No quote |
| 14 | MMP | Magellan Midstream Prtns COM | 2.72% | - | 3,558,310 | $245K | No quote | No quote |
| 15 | CVX | Chevron Corp COM | 2.69% | New | 2,286,000 | $243K | $0.11 | No quote |
| 16 | BBBYQ | Bed Bath & Beyond COM | 2.57% | New | 4,000,000 | $232K | No quote | No quote |
| 17 | BA | Boeing COM | 2.48% | New | 3,050,000 | $224K | $0.07 | No quote |
| 18 | TEVA | Teva Pharmaceutical Industries COM | 2.37% | New | 5,301,594 | $214K | $0.04 | No quote |
| 19 | EPD | Enterprise Products Part LP COM | 2.02% | New | 3,923,345 | $182K | $0.05 | No quote |
| 20 | APC | Anadarko Pete Corp Com COM | 1.14% | New | 1,351,000 | $103K | No quote | No quote |
| 21 | NEM | Newmont Mining Corp Com COM | 0.75% | - | 0 | $67.78K | No quote | No quote |
| 22 | VZ | Verizon Communications Com COM | 0.70% | - | 0 | $62.93K | No quote | No quote |
| 23 | GG | Goldcorp Inc COM | 0.69% | - | 0 | $62.25K | No quote | No quote |
| 24 | PFE | Pfizer COM | 0.68% | - | 0 | $61.69K | No quote | No quote |
| 25 | GOLD | Barrick Gold Corp Com COM | 0.65% | - | 0 | $58.61K | No quote | No quote |
| 26 | T | AT&T Inc COM | 0.65% | - | 0 | $58.61K | No quote | No quote |
| 27 | JNJ | Johnson & Johnson COM | 0.65% | - | 0 | $58.29K | No quote | No quote |
| 28 | BMY | Bristol-Myers Squibb Co COM | 0.61% | - | 0 | $55.32K | No quote | No quote |
| 29 | PEP | Pepsico Inc COM | 0.58% | - | 0 | $52.54K | No quote | No quote |
| 30 | ABT | Abbott Labs COM | 0.57% | - | 0 | $51.3K | No quote | No quote |
| 31 | MRK | Merck & Co COM | 0.57% | - | 0 | $51.25K | No quote | No quote |
| 32 | SDY | SPDR S&P Dividend ETF COM | 0.57% | New | 950,000 | $51K | $0.05 | No quote |
| 33 | MSFT | Microsoft Corp COM | 0.55% | - | 0 | $49.77K | No quote | No quote |
| 34 | PG | Procter and Gamble COM | 0.54% | - | 0 | $49.01K | No quote | No quote |
| 35 | VOX | Vanguard Telecommunications COM | 0.54% | New | 790,000 | $49K | No quote | No quote |
| 36 | WM | Waste Mgmt Inc Del Com COM | 0.51% | - | 0 | $45.8K | No quote | No quote |
| 37 | ADM | Archer Daniels Midland Com COM | 0.50% | - | 0 | $44.71K | No quote | No quote |
| 38 | TRP | Transcanada Corp COM | 0.49% | - | 0 | $44.41K | No quote | No quote |
| 39 | PPG | PPG Industries Inc COM | 0.49% | New | 530,000 | $44K | $0.08 | No quote |
| 40 | WMT | WalMart Stores COM | 0.46% | - | 0 | $41.28K | No quote | No quote |
| 41 | KO | Coca Cola COM | 0.43% | - | 0 | $39.18K | No quote | No quote |
| 42 | VOD | Vodafone COM | 0.39% | - | 0 | $35.36K | No quote | No quote |
| 43 | EXC | Exelon Corporation COM | 0.39% | - | 0 | $34.81K | No quote | No quote |
| 44 | GE | General Electric COM | 0.39% | - | 0 | $34.78K | No quote | No quote |
| 45 | CEF | Central Fund* COM | 0.37% | - | 0 | $33.8K | No quote | No quote |
| 46 | PNY | Piedmont Natural Gas COM | 0.35% | New | 950,000 | $32K | No quote | No quote |
| 47 | KFT | Kraft Foods Inc Cl A COM | 0.35% | - | 0 | $31.97K | No quote | No quote |
| 48 | XOM | Exxon Mobil Corporation COM | 0.34% | - | 0 | $30.68K | No quote | No quote |
| 49 | INTC | Intel Corp COM | 0.33% | - | 0 | $29.97K | No quote | No quote |
| 50 | CL | Colgate Palmolive COM | 0.33% | - | 0 | $29.57K | No quote | No quote |
| 51 | PAYX | Paychex Inc COM | 0.32% | - | 0 | $28.65K | No quote | No quote |
| 52 | MMM | 3M Company COM | 0.32% | - | 0 | $28.62K | No quote | No quote |
| 53 | ADP | Automatic Data Processing COM | 0.32% | - | 0 | $28.6K | No quote | No quote |
| 54 | DIS | Walt Disney Co COM | 0.30% | - | 0 | $27.39K | No quote | No quote |
| 55 | TRV | The Travelers Co COM | 0.29% | - | 0 | $26.57K | No quote | No quote |
| 56 | KMB | Kimberly Clark COM | 0.29% | - | 0 | $25.8K | No quote | No quote |
| 57 | HD | Home Depot COM | 0.28% | New | 589,000 | $25K | $0.04 | No quote |
| 58 | LLY | Eli Lilly & Co COM | 0.27% | - | 0 | $24.4K | No quote | No quote |
| 59 | EMR | Emerson Electric COM | 0.27% | New | 506,000 | $24K | $0.05 | No quote |
| 60 | CSCO | Cisco Sys Inc Com COM | 0.26% | - | 0 | $23.69K | No quote | No quote |
| 61 | DE | Deere & Co COM | 0.25% | - | 0 | $22.97K | No quote | No quote |
| 62 | DD | Du Pont E.I. De Nemours & Co. COM | 0.24% | - | 0 | $22.03K | No quote | No quote |
| 63 | AUY | Yamana Gold Inc COM | 0.24% | New | 0 | $21.95K | No quote | No quote |
| 64 | SYY | Sysco Corp COM | 0.24% | New | 0 | $21.94K | No quote | No quote |
| 65 | CHL | China Mobile LTD COM | 0.24% | - | 0 | $21.52K | No quote | No quote |
| 66 | CLX | Clorox Co COM | 0.23% | Reduce -100.0% | 0 | $20.87K | No quote | No quote |
| 67 | BP | BP Amoco PLC COM | 0.18% | New | 374,000 | $16K | $0.04 | No quote |
| 68 | COH | Coach Inc. COM | 0.11% | New | 156,000 | $10K | No quote | No quote |
| 69 | MKC | McCormick & Co COM | 0.11% | - | 0 | $9.8K | No quote | No quote |
| 70 | EWJ | iShares MSCI Japan COM | 0.08% | - | 0 | $6.93K | No quote | No quote |
| 71 | GLD | SPDR Gold Trust COM | 0.07% | - | 0 | $6.15K | No quote | No quote |
| 72 | GSK | GlaxoSmithKline PLC COM | 0.06% | New | 0 | $5.27K | No quote | No quote |
| 73 | PM | Phillip Morris International COM | 0.05% | - | 0 | $4.44K | No quote | No quote |
| 74 | GDX | Market Vectors Gold Miners COM | 0.04% | - | 0 | $3.75K | No quote | No quote |
| 75 | SPY | SPDR Tr Unit Ser 1 COM | 0.04% | - | 0 | $3.21K | No quote | No quote |
| 76 | DVY | iShares Dow Jones Select Div I COM | 0.02% | - | 0 | $2.16K | No quote | No quote |
| 77 | IAU | iShares Comex Gold COM | 0.02% | - | 0 | $2.02K | No quote | No quote |
| 78 | RDSB | Royal Dutch Shell PLC B COM | 0.02% | - | 0 | $1.66K | No quote | No quote |
| 79 | VPU | Vanguard Utilities VIPERS COM | 0.02% | New | 0 | $1.59K | No quote | No quote |
| 80 | RGLD | Royal Gold, Inc COM | 0.02% | - | 0 | $1.59K | No quote | No quote |
| 81 | MO | Altria Group Inc. COM | 0.02% | - | 0 | $1.52K | No quote | No quote |
| 82 | RSP | Rydex S&P 500 Equal Weighted I COM | 0.02% | - | 0 | $1.39K | No quote | No quote |
| 83 | HDV | iShares High Dividend Equity F COM | 0.02% | New | 0 | $1.39K | No quote | No quote |
| 84 | VIG | Vanguard Dividend Appreciation COM | 0.01% | - | 0 | $1.01K | No quote | No quote |
| 85 | D | Dominion Res Inc Va Com COM | 0.01% | Reduce -100.0% | 0 | $861 | No quote | No quote |
| 86 | JOF | Japan Smaller Cap. Fund COM | 0.01% | - | 0 | $710 | No quote | No quote |
| 87 | EMF | Templeton Emerging Markets COM | 0.00% | - | 0 | $388 | No quote | No quote |
| 88 | PEO | Petroleum & Res Corp Com COM | 0.00% | - | 0 | $285 | No quote | No quote |
| 89 | GDXJ | Market Vectors Junior Gold Min COM | 0.00% | Reduce -100.0% | 0 | $277 | No quote | No quote |
| 91 | PBCT | Peoples United Financial Inc COM | 0.00% | New | 0 | $185 | No quote | No quote |
| 90 | JEQ | Japan Equity Fd Inc Com COM | 0.00% | - | 0 | $185 | No quote | No quote |
| 92 | PDM | Piedmont Office Rlty Tr Inc Co COM | 0.00% | - | 0 | $184 | No quote | No quote |
| 93 | PHYS | Sprott Physical Gold Trust COM | 0.00% | - | 0 | $166 | No quote | No quote |
| 94 | LGDI | Legend International Holding COM | 0.00% | - | 0 | $1 | No quote | No quote |
| 97 | SKNY | Skinny Nutritional Corp COM | 0.00% | New | 0 | $0 | No quote | No quote |
| 96 | - | AIG Fractional Warrants Exp 1/ COMCUSIP ACG874152 | 0.00% | - | 94,522 | $0 | No quote | No quote |
| 95 | ADVNA | Advanta Corp. COM | 0.00% | - | 0 | $0 | No quote | No quote |