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Focused investors/Valley Forge Capital Management

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 64 of 102 rows. Rows without a quote are marked unavailable.

1PFEPfizer3.50%Reduce -1.1%1,009,682$32.43M$32.12No quote
2INTCIntel Corp3.27%Reduce -2.1%1,174,950$30.33M$25.81No quote
3GEGeneral Electric3.17%Reduce -0.1%1,135,697$29.4M$25.89No quote
4MSFTMicrosoft Corp3.01%Reduce -7.9%679,526$27.85M$40.99No quote
5TAT&T Inc2.88%Reduce -9.7%760,548$26.67M$35.07No quote
6WMWaste Mgmt Inc Del Com2.83%Reduce -2.9%622,998$26.21M$42.07No quote
7CSCOCisco Sys Inc Com2.68%Reduce -2.6%1,108,277$24.84M$22.41No quote
8JNJJohnson & Johnson2.59%Reduce -5.5%244,617$24.03M$98.23No quote
9PGProcter and Gamble2.41%Reduce -9.3%277,402$22.36M$80.60No quote
10VZVerizon Communications Com2.12%Reduce -1.4%412,850$19.64M$47.57No quote
11MRKMerck & Co2.12%Reduce -39.6%345,274$19.6M$56.77No quote
12SYYSysco Corp2.11%Add +67.5%540,310$19.52M$36.13No quote
13PAYXPaychex Inc1.99%Reduce -7.5%433,365$18.46M$42.60No quote
14USBUS Bancorp1.98%Add +0.9%429,021$18.39M$42.86No quote
15COPConocoPhillips1.98%Add +2904.1%260,727$18.34M$70.35No quote
16TRVTravelers Companies Inc1.92%Reduce -10.4%209,179$17.8M$85.10No quote
17DDDu Pont E.I. De Nemours & Co.1.87%Reduce -28.5%258,481$17.34M$67.10No quote
18XOMExxon Mobil Corporation1.82%Reduce -31.6%172,683$16.87M$97.68No quote
19POTPotash Corp Sask Inc1.81%Reduce -3.1%462,153$16.74MNo quoteNo quote
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25TXNTexas Instruments Inc1.72%Reduce -36.1%338,555$15.97M$47.16No quote
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27CEFCentral Fund*1.67%Reduce -2.4%1,128,132$15.48MNo quoteNo quote
28BKBank of New York Mellon Corp1.67%Add +7.4%437,226$15.43M$35.29No quote
29DEDeere & Co1.66%Reduce -6.5%169,326$15.38M$90.80No quote
30BRCMBroadcom Corp Cl A1.60%Add +12.3%471,426$14.84MNo quoteNo quote
31ORCLOracle Corp Com1.55%New351,568$14.38M$40.91No quote
32SLBSchlumberger Ltd1.53%New145,875$14.22M$97.50No quote
33GSKGlaxoSmithKline PLC1.52%Reduce -3.5%264,010$14.11M$53.43No quote
34EWJiShares MSCI Japan1.51%Add +51.0%1,232,622$13.97M$11.33No quote
35KOCoca Cola1.50%Reduce -42.3%359,517$13.9M$38.66No quote
36ABTAbbott Labs1.49%Reduce -3.5%358,443$13.8M$38.51No quote
37WMTWalMart Stores1.47%Reduce -33.5%177,896$13.6M$76.43No quote
38GLWCorning Inc1.43%Reduce -10.1%634,677$13.21M$20.82No quote
39MMacy's Inc1.39%New216,825$12.86M$59.29No quote
40WFCWells Fargo & Co New Com1.38%Reduce -59.9%256,603$12.76M$49.74No quote
41ETREntergy Corp1.32%New182,901$12.23MNo quoteNo quote
42CPBCampbell Soup1.25%Reduce -10.5%258,281$11.59M$44.88No quote
43CSXCSX Corp1.20%New383,775$11.12M$28.97No quote
44ESRXExpress Scripts Inc1.20%New147,799$11.1MNo quoteNo quote
45GGGoldcorp Inc1.18%Reduce -7.7%448,469$10.98MNo quoteNo quote
46AAPLApple Inc.1.18%Add +1556.0%20,352$10.92M$536.75No quote
47EMCEMC Corp Mass Com1.17%Reduce -10.0%394,593$10.82MNo quoteNo quote
48CACA Inc1.15%Reduce -7.0%344,022$10.66MNo quoteNo quote
49HMCHonda Motor Co New1.12%New294,300$10.4MNo quoteNo quote
50AXPAmerican Express Co1.02%Reduce -11.5%105,423$9.49M$90.03No quote
51UPSUnited Parcel Service1.02%New96,650$9.41M$97.38No quote
52BMYBristol-Myers Squibb Co1.01%Reduce -53.2%179,905$9.35M$51.95No quote
53BDXBecton Dickinson & Co0.99%Reduce -19.6%78,495$9.19M$117.08No quote
54MMM3M Company0.97%Reduce -28.9%66,397$9.01M$135.67No quote
55CCitiGroup Inc0.79%Reduce -45.3%154,451$7.35M$47.60No quote
56UNHUnited Healthcare Corp0.54%New60,593$4.97M$81.99No quote
57SPYSPDR Tr Unit Ser 10.46%Reduce -59.4%22,866$4.28M$187.00No quote
58DVYiShares Dow Jones Select Div I0.44%Add +39.1%55,844$4.09MNo quoteNo quote
59GLDSPDR Gold Trust0.34%Reduce -6.1%25,787$3.19M$123.63No quote
60IAUiShares Comex Gold0.25%Reduce -1.7%188,571$2.35M$12.44No quote
61RSPRydex S&P 500 Equal Weighted I0.23%Add +26.2%29,410$2.15M$73.00No quote
62RDSBRoyal Dutch Shell PLC B0.16%Reduce -3.9%18,664$1.46MNo quoteNo quote
63MKCMcCormick & Co0.14%Reduce -41.5%18,600$1.33M$71.72No quote
64GDXMarket Vectors Gold Miners0.14%Reduce -11.1%54,554$1.29MNo quoteNo quote
65HDViShares High Dividend Equity F0.13%Reduce -46.2%16,971$1.21MNo quoteNo quote
66VOOVanguard S&P 500 ETF0.12%New6,432$1.1M$171.33No quote
67SBACSBA Communications Corp0.08%-8,388$763K$90.96No quote
68PMPhillip Morris International0.07%Reduce -38.0%8,264$677K$81.92No quote
70JOFJapan Smaller Cap. Fund0.07%Reduce -4.6%73,450$643KNo quoteNo quote
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71MCDMcDonalds Corp0.05%-4,353$427K$98.09No quote
72RDSARoyal Dutch Shell0.04%Add +1.6%5,601$409KNo quoteNo quote
73MDYMidcap SPDR Tr Un Sr 10.04%Reduce -8.3%1,430$358K$250.35No quote
74HDHome Depot0.03%Reduce -11.1%4,000$317K$79.25No quote
75IWRIshares Russell Midcap Index0.03%-2,000$310K$155.00No quote
76SDYSPDR S&P Dividend ETF0.03%New4,200$309K$73.57No quote
77QQQPowerShares QQQ Trust0.03%New3,409$299K$87.71No quote
79VEUVanguard FTSE All-World ex-US0.03%New5,833$293K$50.23No quote
78IVViShares Tr S&P 500 Index0.03%Reduce -39.1%1,559$293K$187.94No quote
80PEOPetroleum & Res Corp Com0.03%Reduce -5.0%9,266$259KNo quoteNo quote
81EMFTempleton Emerging Markets0.03%Add +0.2%14,572$247KNo quoteNo quote
82JEQAberdeen Japan Equity Fund Inc0.03%New36,650$239KNo quoteNo quote
83AUYYamana Gold Inc0.01%Reduce -22.6%15,250$134KNo quoteNo quote
84PHYSSprott Physical Gold Trust0.01%-12,000$128K$10.67No quote
102DEMWisdom Tree Emerging Markets E-Sold0$0No quoteNo quote
101WAGWalgreen Co.-Sold0$0No quoteNo quote
100VODVodafone-Sold0$0No quoteNo quote
99VLOValero Energy Corp-Sold0$0No quoteNo quote
98SLGLFSilverado Gold Mines Ltd0.00%-10,000$0No quoteNo quote
97SEAOFSEACO Ltd.0.00%-50,656$0No quoteNo quote
96PBCTPeoples United Financial Inc-Sold0$0No quoteNo quote
95KMIKinder Morgan Inc-Sold0$0No quoteNo quote
94JEQJapan Equity Fd Inc Com-Sold0$0No quoteNo quote
93IWDIshares Tr - Russell 1000 Valu-Sold0$0No quoteNo quote
92KMPinder Morgan Energy-Sold0$0No quoteNo quote
91CLColgate Palmolive-Sold0$0No quoteNo quote
90CLXClorox Co-Sold0$0No quoteNo quote
89CHLChina Mobile LTD-Sold0$0No quoteNo quote
88CATCaterpillar Inc-Sold0$0No quoteNo quote
87BPBP PLC-Sold0$0No quoteNo quote
86ADPAutomatic Data Processing-Sold0$0No quoteNo quote
85ADVNAAdvanta Corp.0.00%-10,000$0No quoteNo quote