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 75 of 114 rows. Rows without a quote are marked unavailable.
| 1 | MSFT | Microsoft Corp | 3.20% | Reduce -4.0% | 581,171 | $27M | $46.45 | No quote |
| 2 | INTC | Intel Corp | 3.18% | Add +5.0% | 738,743 | $26.81M | $36.29 | No quote |
| 3 | CSCO | Cisco Sys Inc Com | 2.90% | Reduce -0.9% | 879,942 | $24.48M | $27.82 | No quote |
| 4 | GE | General Electric | 2.79% | Reduce -2.4% | 932,067 | $23.55M | $25.27 | No quote |
| 5 | PFE | Pfizer | 2.58% | Reduce -2.8% | 698,490 | $21.76M | $31.15 | No quote |
| 6 | WM | Waste Mgmt Inc Del Com | 2.56% | Reduce -2.6% | 421,675 | $21.64M | $51.32 | No quote |
| 7 | PG | Procter and Gamble | 2.54% | Add +5.6% | 235,568 | $21.46M | $91.09 | No quote |
| 8 | BAC | Bank Of America Corp | 2.40% | Add +53.9% | 1,132,890 | $20.27M | $17.89 | No quote |
| 9 | CSX | CSX Corp | 2.36% | Reduce -4.2% | 549,225 | $19.9M | $36.23 | No quote |
| 10 | JNJ | Johnson & Johnson | 2.30% | Reduce -3.5% | 185,721 | $19.42M | $104.57 | No quote |
| 11 | SYY | Sysco Corp | 2.15% | Add +1.9% | 456,445 | $18.12M | $39.69 | No quote |
| 12 | WMT | WalMart Stores | 2.13% | Add +33.5% | 209,255 | $17.97M | $85.88 | No quote |
| 13 | TRV | Travelers Companies Inc | 2.06% | Reduce -3.5% | 164,162 | $17.38M | $105.85 | No quote |
| 14 | DD | Du Pont E.I. De Nemours & Co. | 2.05% | Reduce -1.1% | 234,020 | $17.3M | $73.94 | No quote |
| 15 | MRK | Merck & Co | 2.03% | Add +6.9% | 300,961 | $17.09M | $56.79 | No quote |
| 16 | TRP | Transcanada Corp | 2.00% | Add +57.0% | 343,169 | $16.85M | $49.10 | No quote |
| 17 | VZ | Verizon Communications Com | 1.96% | Reduce -0.3% | 353,034 | $16.52M | $46.78 | No quote |
| 18 | WFC | Wells Fargo & Co New Com | 1.91% | Add +9.5% | 294,302 | $16.13M | $54.82 | No quote |
| 19 | IP | Intl Paper Co Com | 1.91% | Add +1.3% | 300,359 | $16.09M | No quote | No quote |
| 20 | EMC | EMC Corp Mass Com | 1.82% | Add +3.3% | 517,272 | $15.38M | No quote | No quote |
| 21 | EBAY | Ebay Inc | 1.81% | Add +30.9% | 271,517 | $15.24M | $56.12 | No quote |
| 22 | XOM | Exxon Mobil Corporation | 1.76% | Add +10.1% | 160,355 | $14.83M | $92.45 | No quote |
| 23 | TRI | Thomson Reuters Corp Com | 1.72% | Reduce -3.8% | 360,236 | $14.53M | No quote | No quote |
| 24 | PNC | PNC Financial Services Group | 1.72% | Reduce -2.3% | 158,903 | $14.5M | $91.23 | No quote |
| 25 | AXP | American Express Co | 1.71% | Add +3.0% | 155,465 | $14.47M | $93.04 | No quote |
| 26 | ETN | Eaton Corporation | 1.69% | New | 210,311 | $14.29M | $67.96 | No quote |
| 27 | T | AT&T Inc | 1.69% | Reduce -6.9% | 425,039 | $14.28M | $33.59 | No quote |
| 28 | ABT | Abbott Labs | 1.66% | Reduce -1.3% | 311,824 | $14.04M | $45.02 | No quote |
| 29 | ORCL | Oracle Corp Com | 1.66% | Reduce -25.6% | 311,257 | $14M | $44.97 | No quote |
| 30 | AAPL | Apple Inc. | 1.62% | Add +9.4% | 124,009 | $13.69M | $110.38 | No quote |
| 31 | TXN | Texas Instruments Inc | 1.61% | Add +40.8% | 253,772 | $13.57M | $53.47 | No quote |
| 32 | PSX | Phillips 66 | 1.56% | New | 183,360 | $13.15M | $71.70 | No quote |
| 33 | FLR | Fluor Corp. | 1.52% | New | 212,185 | $12.87M | $60.63 | No quote |
| 34 | PEP | Pepsico Inc | 1.47% | Reduce -2.9% | 131,590 | $12.44M | $94.56 | No quote |
| 35 | EMR | Emerson Electric | 1.42% | Reduce -4.9% | 194,605 | $12.01M | $61.73 | No quote |
| 36 | BA | Boeing | 1.42% | Add +3.1% | 92,190 | $11.98M | $129.98 | No quote |
| 37 | VOD | Vodafone | 1.40% | Add +0.7% | 345,718 | $11.81M | No quote | No quote |
| 38 | VWO | Vanguard Emerging Markets | 1.39% | Add +65.3% | 292,649 | $11.71M | $40.02 | No quote |
| 39 | UPS | United Parcel Service | 1.38% | Add +5.7% | 104,359 | $11.6M | $111.17 | No quote |
| 40 | MCD | McDonalds Corp | 1.37% | Add +5.5% | 122,950 | $11.52M | $93.70 | No quote |
| 41 | UNH | United Healthcare Corp | 1.36% | Reduce -2.6% | 113,509 | $11.48M | $101.09 | No quote |
| 42 | SYK | Stryker Corp. | 1.30% | Add +0.6% | 116,115 | $10.95M | $94.33 | No quote |
| 43 | PAYX | Paychex Inc | 1.29% | Reduce -0.9% | 236,320 | $10.91M | $46.17 | No quote |
| 44 | COP | ConocoPhillips | 1.27% | Add +9.7% | 154,917 | $10.7M | $69.06 | No quote |
| 45 | ESRX | Express Scripts Inc | 1.26% | Add +1.3% | 126,015 | $10.67M | No quote | No quote |
| 46 | CMCSA | Comcast Corp Cl A | 1.25% | New | 182,295 | $10.58M | $58.01 | No quote |
| 47 | NLY | Annaly Capital Management | 1.20% | Reduce -31.4% | 936,383 | $10.12M | No quote | No quote |
| 48 | CMI | Cummins Inc | 1.19% | Add +0.9% | 69,410 | $10.01M | $144.17 | No quote |
| 49 | KO | Coca Cola | 1.14% | Reduce -31.5% | 226,996 | $9.58M | $42.22 | No quote |
| 50 | MCHP | Microchip Technology Com | 1.13% | New | 211,031 | $9.52M | $45.11 | No quote |
| 51 | VIAB | Viacom Inc - B | 1.10% | New | 123,580 | $9.3M | No quote | No quote |
| 52 | GOOG | Google Inc Cl C | 1.00% | New | 15,985 | $8.42M | $526.43 | No quote |
| 53 | BRK/B | Berkshire Hathaway Inc Cl BCUSIP 084670702 | 0.97% | Reduce -4.0% | 54,511 | $8.19M | No quote | No quote |
| 54 | EWJ | iShares MSCI Japan | 0.92% | Reduce -40.0% | 690,187 | $7.76M | $11.24 | No quote |
| 55 | DOW | Dow Chemical | 0.61% | New | 112,590 | $5.14M | $45.61 | No quote |
| 56 | KMB | Kimberly Clark | 0.56% | Reduce -9.7% | 41,174 | $4.76M | $115.53 | No quote |
| 57 | CEF | Central Fund* | 0.42% | Reduce -70.2% | 303,892 | $3.52M | No quote | No quote |
| 58 | DVY | iShares Dow Jones Select Div I | 0.41% | Add +1.1% | 43,591 | $3.46M | No quote | No quote |
| 59 | EMN | Eastman Chemical Co. | 0.36% | New | 40,000 | $3.03M | $75.85 | No quote |
| 60 | SPY | SPDR Tr Unit Ser 1 | 0.34% | Add +1.2% | 13,873 | $2.85M | $205.58 | No quote |
| 61 | RSP | Rydex S&P 500 Equal Weighted I | 0.31% | Add +9.4% | 32,817 | $2.63M | $80.05 | No quote |
| 62 | VOO | Vanguard S&P 500 ETF | 0.29% | Add +43.0% | 12,956 | $2.44M | $188.41 | No quote |
| 63 | HDV | iShares High Dividend Equity F | 0.22% | Add +41.1% | 24,261 | $1.86M | No quote | No quote |
| 64 | RDSB | Royal Dutch Shell PLC B | 0.15% | - | 18,267 | $1.27M | No quote | No quote |
| 65 | USB | US Bancorp | 0.13% | Reduce -93.5% | 24,246 | $1.09M | $44.96 | No quote |
| 66 | SBAC | SBA Communications Corp | 0.11% | - | 8,388 | $929K | $110.75 | No quote |
| 67 | BMY | Bristol-Myers Squibb Co | 0.09% | Reduce -5.6% | 13,080 | $772K | $59.02 | No quote |
| 68 | MO | Altria Group Inc. | 0.08% | - | 14,470 | $713K | $49.27 | No quote |
| 69 | MKC | McCormick & Co | 0.08% | Reduce -23.8% | 9,450 | $702K | $74.29 | No quote |
| 70 | PM | Phillip Morris International | 0.07% | Reduce -12.7% | 7,314 | $596K | $81.49 | No quote |
| 71 | TRST | TrustCo Bank Corp NY | 0.07% | - | 77,500 | $563K | No quote | No quote |
| 72 | QQQ | PowerShares QQQ Trust | 0.07% | Add +1.7% | 5,326 | $550K | $103.27 | No quote |
| 73 | GLD | SPDR Gold Trust | 0.06% | Reduce -77.1% | 4,795 | $545K | $113.66 | No quote |
| 74 | GSK | GlaxoSmithKline PLC | 0.06% | Reduce -95.7% | 11,305 | $483K | $42.72 | No quote |
| 75 | VEU | Vanguard FTSE All-World ex-US | 0.05% | Add +4.1% | 9,619 | $451K | $46.89 | No quote |
| 76 | TMO | Thermo Fisher Scientific Inc | 0.05% | - | 3,500 | $439K | $125.43 | No quote |
| 77 | RDSA | Royal Dutch Shell | 0.05% | Reduce -2.3% | 5,839 | $391K | No quote | No quote |
| 78 | UN | Unilever NV | 0.05% | New | 9,815 | $383K | No quote | No quote |
| 79 | HD | Home Depot | 0.04% | Add +3.0% | 3,606 | $379K | $105.10 | No quote |
| 80 | MAS | Masco Corp | 0.04% | Reduce -31.8% | 15,000 | $378K | $25.20 | No quote |
| 81 | MDY | Midcap SPDR Tr Un Sr 1 | 0.04% | Reduce -2.4% | 1,200 | $317K | $264.17 | No quote |
| 82 | EEM | iShares MSCI Emerging Mkts Ind | 0.04% | New | 7,660 | $301K | $39.30 | No quote |
| 83 | GG | Goldcorp Inc | 0.04% | Reduce -95.5% | 16,151 | $299K | No quote | No quote |
| 84 | MMM | 3M Company | 0.03% | - | 1,670 | $274K | $164.07 | No quote |
| 85 | JOF | Japan Smaller Cap. Fund | 0.03% | Reduce -50.9% | 30,250 | $271K | No quote | No quote |
| 86 | KMI | Kinder Morgan Inc | 0.03% | New | 6,197 | $262K | $42.28 | No quote |
| 87 | IAU | iShares Comex Gold | 0.03% | Reduce -87.4% | 21,767 | $249K | $11.44 | No quote |
| 88 | EMF | Templeton Emerging Markets | 0.03% | Add +0.6% | 15,972 | $246K | No quote | No quote |
| 89 | CAG | Conagra Foods Inc. | 0.03% | Reduce -3.0% | 6,500 | $236K | $36.31 | No quote |
| 90 | PPL | PPL Corporation | 0.02% | New | 5,775 | $210K | $36.36 | No quote |
| 91 | IVV | iShares Tr S&P 500 Index | 0.02% | Reduce -35.9% | 1,000 | $207K | $207.00 | No quote |
| 92 | STZ | Constellation Brands Inc | 0.02% | New | 2,100 | $206K | $98.10 | No quote |
| 93 | PHYS | Sprott Physical Gold Trust | 0.02% | Reduce -7.5% | 18,500 | $181K | $9.78 | No quote |
| 94 | JEQ | Aberdeen Japan Equity Fund Inc | 0.02% | Reduce -17.5% | 26,100 | $177K | No quote | No quote |
| 95 | PNY | Piedmont Natural Gas | 0.02% | New | 4,400 | $173K | No quote | No quote |
| 96 | AUY | Yamana Gold Inc | 0.01% | Reduce -23.9% | 11,100 | $45K | No quote | No quote |
| 114 | UPL | Ultra Petroleum Corp. | - | Sold | 0 | $0 | No quote | No quote |
| 113 | SLGLF | Silverado Gold Mines Ltd | 0.00% | - | 10,000 | $0 | No quote | No quote |
| 112 | SEAOF | SEACO Ltd. | 0.00% | - | 50,656 | $0 | No quote | No quote |
| 111 | SLB | Schlumberger Ltd | - | Sold | 0 | $0 | No quote | No quote |
| 110 | QCOM | Qualcomm Inc Com | - | Sold | 0 | $0 | No quote | No quote |
| 109 | PEO | Petroleum & Res Corp Com | - | Sold | 0 | $0 | No quote | No quote |
| 108 | OPK | Opko Healthcare | - | Sold | 0 | $0 | No quote | No quote |
| 107 | NBL | Noble Energy Inc | - | Sold | 0 | $0 | No quote | No quote |
| 106 | GDX | Market Vectors Gold Miners | - | Sold | 0 | $0 | No quote | No quote |
| 105 | KMP | Kinder Morgan Energy | - | Sold | 0 | $0 | No quote | No quote |
| 104 | JCI | Johnson Controls Inc | - | Sold | 0 | $0 | No quote | No quote |
| 103 | IWR | Ishares Russell Midcap Index | - | Sold | 0 | $0 | No quote | No quote |
| 102 | IBM | International Business Machine | - | Sold | 0 | $0 | No quote | No quote |
| 101 | FULT | Fulton Finl Corp Pa Com | - | Sold | 0 | $0 | No quote | No quote |
| 100 | EPD | Enterprise Products Part LP | - | Sold | 0 | $0 | No quote | No quote |
| 99 | CHK | Chesapeake Energy Corp | - | Sold | 0 | $0 | No quote | No quote |
| 98 | CTRA | Cabot Oil & Gas Corp | - | Sold | 0 | $0 | No quote | No quote |
| 97 | ADVNA | Advanta Corp. | 0.00% | - | 10,000 | $0 | No quote | No quote |