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 10 of 98 rows. Rows without a quote are marked unavailable.
| 1 | AAPL | Apple Inc. COM | 10.20% | Reduce -9.3% | 1,182,000 | $690K | $0.58 | No quote |
| 2 | RDSA | Royal Dutch Shell COM | 9.90% | - | 9,935,000 | $670K | No quote | No quote |
| 3 | SBAC | SBA Communications Corp COM | 7.08% | - | 8,388,000 | $479K | $0.06 | No quote |
| 4 | DEO | Diageo PLC COM | 7.07% | New | 4,640,000 | $478K | $0.10 | No quote |
| 5 | VIAB | Viacom Inc - B COM | 5.82% | New | 8,375,000 | $394K | No quote | No quote |
| 6 | MCD | McDonalds Corp COM | 5.57% | - | 4,259,000 | $377K | $0.09 | No quote |
| 7 | MDY | Midcap SPDR Tr Un Sr 1 COM | 4.67% | - | 1,845,000 | $316K | $0.17 | No quote |
| 8 | UNH | United Healthcare Corp COM | 4.42% | Reduce -19.0% | 5,110,000 | $299K | $0.06 | No quote |
| 9 | IBM | International Business Machine COM | 3.71% | Reduce -30.0% | 1,281,000 | $251K | $0.20 | No quote |
| 10 | KMP | Kinder Morgan Energy COM | 3.52% | Reduce -67.1% | 3,025,000 | $238K | No quote | No quote |
| 11 | BA | Boeing COM | 3.33% | Reduce -3.9% | 3,028,000 | $225K | $0.07 | No quote |
| 12 | TEVA | Teva Pharmaceutical Industries COM | 3.27% | - | 5,601,594 | $221K | $0.04 | No quote |
| 13 | DUK | Duke Energy Corp COM | 3.24% | New | 9,500,083 | $219K | No quote | No quote |
| 14 | VOX | Vanguard Telecommunications COM | 3.00% | New | 3,000,000 | $203K | No quote | No quote |
| 15 | PFE | Pfizer COM | 0.96% | - | 0 | $65.17K | No quote | No quote |
| 16 | NEM | Newmont Mining Corp Com COM | 0.96% | - | 0 | $64.62K | No quote | No quote |
| 17 | JNJ | Johnson & Johnson COM | 0.91% | - | 0 | $61.73K | No quote | No quote |
| 18 | GG | Goldcorp Inc COM | 0.91% | - | 0 | $61.64K | No quote | No quote |
| 19 | MRK | Merck & Co COM | 0.87% | - | 0 | $58.94K | No quote | No quote |
| 20 | BMY | Bristol-Myers Squibb Co COM | 0.85% | - | 0 | $57.23K | No quote | No quote |
| 21 | T | AT&T Inc COM | 0.83% | - | 0 | $56.03K | No quote | No quote |
| 22 | VZ | Verizon Communications Com COM | 0.82% | - | 0 | $55.67K | No quote | No quote |
| 23 | GOLD | Barrick Gold Corp Com COM | 0.82% | - | 0 | $55.64K | No quote | No quote |
| 24 | WM | Waste Mgmt Inc Del Com COM | 0.76% | - | 0 | $51.12K | No quote | No quote |
| 25 | PG | Procter and Gamble COM | 0.67% | - | 0 | $45.23K | No quote | No quote |
| 26 | INTC | Intel Corp COM | 0.67% | - | 0 | $45.18K | No quote | No quote |
| 27 | MSFT | Microsoft Corp COM | 0.65% | - | 0 | $44.03K | No quote | No quote |
| 28 | ABT | Abbott Labs COM | 0.65% | - | 0 | $43.85K | No quote | No quote |
| 29 | ADM | Archer Daniels Midland Com COM | 0.55% | - | 0 | $37.01K | No quote | No quote |
| 30 | VOD | Vodafone COM | 0.54% | - | 0 | $36.22K | No quote | No quote |
| 31 | CSCO | Cisco Sys Inc Com COM | 0.53% | - | 0 | $35.63K | No quote | No quote |
| 32 | WMT | WalMart Stores COM | 0.51% | - | 0 | $34.7K | No quote | No quote |
| 33 | PAYX | Paychex Inc COM | 0.51% | - | 0 | $34.4K | No quote | No quote |
| 34 | KO | Coca Cola COM | 0.50% | - | 0 | $33.95K | No quote | No quote |
| 35 | CEF | Central Fund* COM | 0.49% | - | 0 | $33.24K | No quote | No quote |
| 36 | TRP | Transcanada Corp COM | 0.49% | - | 0 | $33.22K | No quote | No quote |
| 37 | GE | General Electric COM | 0.47% | - | 0 | $32.08K | No quote | No quote |
| 38 | ADP | Automatic Data Processing COM | 0.44% | - | 0 | $29.57K | No quote | No quote |
| 39 | MMM | 3M Company COM | 0.41% | - | 0 | $28.07K | No quote | No quote |
| 40 | CLX | Clorox Co COM | 0.41% | - | 0 | $27.9K | No quote | No quote |
| 41 | PEP | Pepsico Inc COM | 0.39% | - | 0 | $26.43K | No quote | No quote |
| 42 | TRI | Thomson Reuters Corp Com COM | 0.39% | - | 0 | $26.2K | No quote | No quote |
| 43 | LLY | Eli Lilly & Co COM | 0.38% | - | 0 | $26.03K | No quote | No quote |
| 44 | SDY | SPDR S&P Dividend ETF COM | 0.37% | New | 450,000 | $25K | $0.06 | No quote |
| 45 | JPM | J.P. Morgan COM | 0.36% | New | 0 | $24.61K | No quote | No quote |
| 46 | CL | Colgate Palmolive COM | 0.36% | - | 0 | $24.2K | No quote | No quote |
| 47 | WAG | Walgreen Co. COM | 0.34% | - | 0 | $23.03K | No quote | No quote |
| 48 | SYY | Sysco Corp COM | 0.34% | - | 0 | $22.8K | No quote | No quote |
| 49 | KMB | Kimberly Clark COM | 0.33% | - | 0 | $22.41K | No quote | No quote |
| 50 | XOM | Exxon Mobil Corporation COM | 0.33% | - | 0 | $22.17K | No quote | No quote |
| 51 | KFT | Kraft Foods Inc Cl A COM | 0.33% | - | 0 | $22.04K | No quote | No quote |
| 52 | CVX | Chevron Corp COM | 0.33% | Reduce -100.0% | 0 | $22.01K | No quote | No quote |
| 53 | GSK | GlaxoSmithKline PLC COM | 0.32% | - | 0 | $21.32K | No quote | No quote |
| 54 | KMI | Kinder Morgan Inc COM | 0.31% | New | 0 | $21.26K | No quote | No quote |
| 55 | EMC | EMC Corp Mass Com COM | 0.31% | New | 0 | $20.85K | No quote | No quote |
| 56 | EMR | Emerson Electric COM | 0.30% | - | 0 | $19.98K | No quote | No quote |
| 57 | TRV | Travelers Companies Inc COM | 0.29% | - | 0 | $19.36K | No quote | No quote |
| 58 | AUY | Yamana Gold Inc COM | 0.28% | - | 0 | $19.18K | No quote | No quote |
| 59 | PBCT | Peoples United Financial Inc COM | 0.28% | - | 0 | $19.08K | No quote | No quote |
| 60 | F | Ford Motor COM | 0.28% | New | 0 | $18.94K | No quote | No quote |
| 61 | DD | Du Pont E.I. De Nemours & Co. COM | 0.26% | - | 0 | $17.35K | No quote | No quote |
| 62 | DIS | Walt Disney Co COM | 0.24% | - | 0 | $15.93K | No quote | No quote |
| 63 | MKC | McCormick & Co COM | 0.17% | - | 0 | $11.32K | No quote | No quote |
| 64 | EWJ | iShares MSCI Japan COM | 0.10% | - | 0 | $6.87K | No quote | No quote |
| 65 | GLD | SPDR Gold Trust COM | 0.10% | - | 0 | $6.81K | No quote | No quote |
| 66 | SLB | Schlumberger Ltd COM | 0.10% | New | 0 | $6.51K | No quote | No quote |
| 67 | PM | Phillip Morris International COM | 0.06% | - | 0 | $3.77K | No quote | No quote |
| 68 | GDX | Market Vectors Gold Miners COM | 0.05% | - | 0 | $3.4K | No quote | No quote |
| 69 | SPY | SPDR Tr Unit Ser 1 COM | 0.05% | - | 0 | $3.26K | No quote | No quote |
| 70 | IAU | iShares Comex Gold COM | 0.04% | - | 0 | $2.42K | No quote | No quote |
| 71 | RGLD | Royal Gold, Inc COM | 0.03% | - | 0 | $2.23K | No quote | No quote |
| 72 | DVY | iShares Dow Jones Select Div I COM | 0.03% | - | 0 | $2.16K | No quote | No quote |
| 73 | MO | Altria Group Inc. COM | 0.03% | - | 0 | $1.74K | No quote | No quote |
| 74 | VPU | Vanguard Utilities VIPERS COM | 0.02% | - | 0 | $1.64K | No quote | No quote |
| 75 | HDV | iShares High Dividend Equity F COM | 0.02% | - | 0 | $1.6K | No quote | No quote |
| 76 | RDSB | Royal Dutch Shell PLC B COM | 0.02% | - | 0 | $1.51K | No quote | No quote |
| 77 | RSP | Rydex S&P 500 Equal Weighted I COM | 0.02% | - | 0 | $1.42K | No quote | No quote |
| 78 | VIG | Vanguard Dividend Appreciation COM | 0.02% | - | 0 | $1.24K | No quote | No quote |
| 79 | D | Dominion Res Inc Va Com COM | 0.01% | - | 0 | $834 | No quote | No quote |
| 80 | - | American Water Works Co Inc COMCUSIP 030411102 | 0.01% | Reduce -100.0% | 0 | $733 | No quote | No quote |
| 81 | JOF | Japan Smaller Cap. Fund COM | 0.01% | - | 0 | $670 | No quote | No quote |
| 82 | UN | Unilever NV COM | 0.01% | New | 0 | $597 | No quote | No quote |
| 83 | NVS | Novartis AG COM | 0.01% | Reduce -100.0% | 0 | $593 | No quote | No quote |
| 84 | EXC | Exelon Corporation COM | 0.01% | - | 0 | $441 | No quote | No quote |
| 85 | GDXJ | Market Vectors Junior Gold Min COM | 0.01% | - | 0 | $371 | No quote | No quote |
| 86 | EMF | Templeton Emerging Markets COM | 0.01% | - | 0 | $336 | No quote | No quote |
| 87 | PEO | Petroleum & Res Corp Com COM | 0.00% | - | 0 | $270 | No quote | No quote |
| 88 | JEQ | Japan Equity Fd Inc Com COM | 0.00% | - | 0 | $190 | No quote | No quote |
| 89 | PDM | Piedmont Office Rlty Tr Inc Co COM | 0.00% | - | 0 | $186 | No quote | No quote |
| 90 | PHYS | Sprott Physical Gold Trust COM | 0.00% | - | 0 | $165 | No quote | No quote |
| 91 | LGDI | Legend International Holding COM | 0.00% | - | 0 | $1 | No quote | No quote |
| 98 | SWN | Southwestern Energy Co COM | - | Sold | 0 | $0 | No quote | No quote |
| 97 | QCOM | Qualcomm Inc Com COM | - | Sold | 0 | $0 | No quote | No quote |
| 96 | MMP | Magellan Midstream Prtns COM | - | Sold | 0 | $0 | No quote | No quote |
| 95 | COP | ConocoPhillips COM | - | Sold | 0 | $0 | No quote | No quote |
| 94 | BRK/B | Berkshire Hathaway Inc Cl B COMCUSIP 084670702 | - | Sold | 0 | $0 | No quote | No quote |
| 93 | - | AIG Fractional Warrants Exp 1/ COMCUSIP ACG874152 | - | Sold | 0 | $0 | No quote | No quote |
| 92 | ADVNA | Advanta Corp. COM | 0.00% | - | 0 | $0 | No quote | No quote |