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 105 rows. Rows without a quote are marked unavailable.
| 1 | PFE | Pfizer | 2.89% | Reduce -3.7% | 672,582 | $23.4M | $34.79 | No quote |
| 2 | MSFT | Microsoft Corp | 2.86% | Reduce -2.0% | 569,771 | $23.16M | $40.65 | No quote |
| 3 | GE | General Electric | 2.78% | Reduce -2.7% | 906,811 | $22.5M | $24.81 | No quote |
| 4 | INTC | Intel Corp | 2.74% | Reduce -4.0% | 709,516 | $22.19M | $31.27 | No quote |
| 5 | JNJ | Johnson & Johnson | 2.58% | Add +11.9% | 207,781 | $20.9M | $100.60 | No quote |
| 6 | PG | Procter and Gamble | 2.33% | Reduce -2.4% | 229,821 | $18.83M | $81.94 | No quote |
| 7 | WMT | WalMart Stores | 2.18% | Add +2.5% | 214,578 | $17.65M | $82.25 | No quote |
| 8 | BAC | Bank Of America Corp | 2.13% | Reduce -1.0% | 1,121,440 | $17.26M | $15.39 | No quote |
| 9 | CSX | CSX Corp | 2.12% | Reduce -5.8% | 517,446 | $17.14M | $33.12 | No quote |
| 10 | MRK | Merck & Co | 2.10% | Reduce -1.5% | 296,422 | $17.04M | $57.48 | No quote |
| 11 | VZ | Verizon Communications Com | 2.09% | Reduce -1.6% | 347,562 | $16.9M | $48.63 | No quote |
| 12 | SYY | Sysco Corp | 2.09% | Reduce -1.9% | 447,748 | $16.89M | $37.73 | No quote |
| 13 | TRV | Travelers Companies Inc | 2.07% | Reduce -5.8% | 154,658 | $16.72M | $108.13 | No quote |
| 14 | MS | Morgan Stanley & Co. | 2.03% | New | 461,275 | $16.46M | $35.69 | No quote |
| 15 | CSCO | Cisco Sys Inc Com | 2.00% | Reduce -33.0% | 589,654 | $16.23M | $27.52 | No quote |
| 16 | ORCL | Oracle Corp Com | 1.99% | Add +20.0% | 373,492 | $16.12M | $43.15 | No quote |
| 17 | DD | Du Pont E.I. De Nemours & Co. | 1.98% | Reduce -4.0% | 224,661 | $16.06M | $71.47 | No quote |
| 18 | IP | Intl Paper Co Com | 1.97% | Reduce -4.2% | 287,857 | $15.97M | No quote | No quote |
| 19 | POT | Potash Corp Sask Inc | 1.96% | New | 493,185 | $15.91M | No quote | No quote |
| 20 | EBAY | Ebay Inc | 1.94% | Add +0.5% | 272,810 | $15.74M | $57.68 | No quote |
| 21 | WFC | Wells Fargo & Co | 1.92% | Reduce -2.9% | 285,802 | $15.55M | $54.40 | No quote |
| 22 | WM | Waste Mgmt Inc Del Com | 1.92% | Reduce -32.1% | 286,367 | $15.53M | $54.23 | No quote |
| 23 | GOOG | Google Inc Cl C | 1.89% | Add +74.9% | 27,955 | $15.32M | $547.99 | No quote |
| 24 | NLY | Annaly Capital Management | 1.87% | Add +55.1% | 1,452,681 | $15.11M | No quote | No quote |
| 25 | AAPL | Apple Inc. | 1.83% | Reduce -3.7% | 119,382 | $14.86M | $124.43 | No quote |
| 26 | TRP | Transcanada Corp | 1.80% | Reduce -0.7% | 340,669 | $14.55M | $42.72 | No quote |
| 27 | UPS | United Parcel Service | 1.75% | Add +40.2% | 146,301 | $14.18M | $96.94 | No quote |
| 28 | ABT | Abbott Labs | 1.72% | Reduce -3.4% | 301,359 | $13.96M | $46.33 | No quote |
| 29 | EMC | EMC Corp Mass Com | 1.71% | Add +5.0% | 542,970 | $13.88M | No quote | No quote |
| 30 | TRI | Thomson Reuters Corp Com | 1.70% | Reduce -5.6% | 340,167 | $13.8M | No quote | No quote |
| 31 | ETN | Eaton Corporation | 1.70% | Reduce -3.6% | 202,725 | $13.77M | $67.94 | No quote |
| 32 | BA | Boeing | 1.67% | Reduce -2.1% | 90,220 | $13.54M | $150.08 | No quote |
| 33 | T | AT&T Inc | 1.66% | Reduce -3.1% | 411,911 | $13.45M | $32.65 | No quote |
| 34 | AXP | American Express Co | 1.63% | Add +8.7% | 168,994 | $13.2M | $78.12 | No quote |
| 35 | XOM | Exxon Mobil Corporation | 1.63% | Reduce -3.4% | 154,845 | $13.16M | $85.00 | No quote |
| 36 | MCHP | Microchip Technology Com | 1.54% | Add +20.7% | 254,678 | $12.45M | $48.90 | No quote |
| 37 | VWO | Vanguard Emerging Markets | 1.51% | Add +2.2% | 299,099 | $12.22M | $40.87 | No quote |
| 38 | ESRX | Express Scripts Inc | 1.48% | Add +9.6% | 138,048 | $11.98M | No quote | No quote |
| 39 | PEP | Pepsico Inc | 1.47% | Reduce -5.2% | 124,696 | $11.92M | $95.62 | No quote |
| 40 | PAYX | Paychex Inc | 1.43% | Reduce -1.4% | 232,915 | $11.56M | $49.61 | No quote |
| 41 | VOD | Vodafone | 1.42% | Add +1.7% | 351,623 | $11.49M | No quote | No quote |
| 42 | SYK | Stryker Corp. | 1.38% | Add +4.0% | 120,740 | $11.14M | $92.25 | No quote |
| 43 | CMI | Cummins Inc | 1.34% | Add +12.9% | 78,390 | $10.87M | $138.64 | No quote |
| 44 | FLR | Fluor Corp. | 1.34% | Reduce -10.6% | 189,760 | $10.85M | $57.16 | No quote |
| 45 | EMR | Emerson Electric | 1.31% | Reduce -3.4% | 187,935 | $10.64M | $56.62 | No quote |
| 46 | CMCSA | Comcast Corp Cl A | 1.25% | Reduce -1.4% | 179,670 | $10.15M | $56.47 | No quote |
| 47 | F | Ford Motor | 1.21% | New | 608,398 | $9.82M | $16.14 | No quote |
| 48 | COP | ConocoPhillips | 1.20% | Add +0.7% | 155,960 | $9.71M | $62.26 | No quote |
| 49 | KMB | Kimberly Clark | 1.16% | Add +113.5% | 87,920 | $9.42M | $107.11 | No quote |
| 50 | SE | Spectra Energy Corp | 1.13% | New | 253,336 | $9.16M | $36.17 | No quote |
| 51 | VIAB | Viacom Inc - B | 1.02% | Reduce -2.1% | 120,929 | $8.26M | No quote | No quote |
| 52 | EWJ | iShares MSCI Japan | 1.01% | Reduce -5.8% | 650,464 | $8.15M | $12.53 | No quote |
| 53 | BRK/B | Berkshire Hathaway Inc Cl BCUSIP 084670702 | 0.91% | Reduce -6.1% | 51,205 | $7.39M | No quote | No quote |
| 54 | PSX | Phillips 66 | 0.86% | Reduce -51.8% | 88,325 | $6.94M | $78.60 | No quote |
| 55 | DOW | Dow Chemical | 0.68% | Add +2.4% | 115,330 | $5.53M | $47.98 | No quote |
| 56 | CEF | Central Fund* | 0.43% | Reduce -4.8% | 289,342 | $3.45M | No quote | No quote |
| 57 | DVY | iShares Dow Jones Select Div I | 0.41% | Reduce -3.0% | 42,289 | $3.3M | No quote | No quote |
| 58 | RSP | Rydex S&P 500 Equal Weighted I | 0.40% | Add +22.2% | 40,105 | $3.25M | $81.06 | No quote |
| 59 | SPY | SPDR Tr Unit Ser 1 | 0.32% | Reduce -10.4% | 12,423 | $2.57M | $206.47 | No quote |
| 60 | EMN | Eastman Chemical Co. | 0.27% | Reduce -20.3% | 31,900 | $2.21M | $69.25 | No quote |
| 61 | HDV | iShares High Dividend Equity F | 0.25% | Add +11.4% | 27,031 | $2.03M | No quote | No quote |
| 62 | VOO | Vanguard S&P 500 ETF | 0.24% | Reduce -21.4% | 10,188 | $1.93M | $189.24 | No quote |
| 63 | RDSB | Royal Dutch Shell PLC B | 0.14% | Reduce -4.5% | 17,443 | $1.09M | No quote | No quote |
| 64 | SBAC | SBA Communications Corp | 0.12% | - | 8,388 | $982K | $117.07 | No quote |
| 65 | USB | US Bancorp | 0.11% | Reduce -16.7% | 20,196 | $882K | $43.67 | No quote |
| 66 | MO | Altria Group Inc. | 0.09% | Reduce -2.3% | 14,139 | $707K | $50.00 | No quote |
| 68 | MKC | McCormick & Co | 0.08% | Reduce -15.9% | 7,950 | $613K | $77.11 | No quote |
| 67 | KO | Coca Cola | 0.08% | Reduce -93.3% | 15,116 | $613K | $40.55 | No quote |
| 69 | GSK | GlaxoSmithKline PLC | 0.07% | Add +12.4% | 12,705 | $586K | $46.12 | No quote |
| 70 | QQQ | PowerShares QQQ Trust | 0.07% | Add +3.7% | 5,524 | $583K | $105.54 | No quote |
| 71 | FAST | Fastenal Co. | 0.07% | New | 13,650 | $566K | $41.47 | No quote |
| 72 | PM | Phillip Morris International | 0.07% | Reduce -0.5% | 7,280 | $548K | $75.27 | No quote |
| 73 | GLD | SPDR Gold Trust | 0.06% | Reduce -6.3% | 4,495 | $511K | $113.68 | No quote |
| 74 | UN | Unilever NV | 0.06% | Add +21.4% | 11,915 | $498K | No quote | No quote |
| 75 | VEU | Vanguard FTSE All-World ex-US | 0.06% | Add +4.7% | 10,075 | $491K | $48.73 | No quote |
| 76 | TRST | TrustCo Bank Corp NY | 0.06% | Reduce -12.9% | 67,500 | $464K | No quote | No quote |
| 77 | RDSA | Royal Dutch Shell | 0.06% | Add +30.8% | 7,639 | $456K | No quote | No quote |
| 78 | MCD | McDonalds Corp | 0.05% | Reduce -96.7% | 4,090 | $399K | $97.56 | No quote |
| 79 | MAS | Masco Corp | 0.04% | Reduce -13.3% | 13,000 | $347K | $26.69 | No quote |
| 80 | MDY | Midcap SPDR Tr Un Sr 1 | 0.04% | Reduce -4.2% | 1,150 | $319K | $277.39 | No quote |
| 81 | EEM | iShares MSCI Emerging Mkts Ind | 0.04% | - | 7,660 | $307K | $40.08 | No quote |
| 82 | HD | Home Depot | 0.04% | Reduce -27.7% | 2,606 | $296K | $113.58 | No quote |
| 83 | IAU | iShares Comex Gold | 0.03% | Add +11.1% | 24,181 | $277K | $11.46 | No quote |
| 84 | MMM | 3M Company | 0.03% | - | 1,670 | $275K | $164.67 | No quote |
| 85 | TMO | Thermo Fisher Scientific Inc | 0.03% | Reduce -42.9% | 2,000 | $269K | $134.50 | No quote |
| 86 | BMY | Bristol-Myers Squibb Co | 0.03% | Reduce -68.7% | 4,100 | $264K | $64.39 | No quote |
| 88 | KMI | Kinder Morgan Inc | 0.03% | Add +1.0% | 6,258 | $263K | $42.03 | No quote |
| 87 | JOF | Japan Smaller Cap. Fund | 0.03% | Reduce -12.5% | 26,475 | $263K | No quote | No quote |
| 89 | EMF | Templeton Emerging Markets | 0.03% | Reduce -0.2% | 15,947 | $243K | No quote | No quote |
| 90 | STZ | Constellation Brands Inc | 0.03% | Reduce -9.5% | 1,900 | $221K | $116.32 | No quote |
| 91 | IVV | iShares Tr S&P 500 Index | 0.03% | - | 1,000 | $208K | $208.00 | No quote |
| 92 | AZO | Autozone Inc | 0.03% | New | 300 | $205K | $683.33 | No quote |
| 93 | GG | Goldcorp Inc | 0.02% | Reduce -31.3% | 11,101 | $201K | No quote | No quote |
| 94 | JEQ | Aberdeen Japan Equity Fund Inc | 0.02% | Reduce -11.5% | 23,100 | $187K | No quote | No quote |
| 95 | PHYS | Sprott Physical Gold Trust | 0.02% | Reduce -18.9% | 15,000 | $147K | $9.80 | No quote |
| 96 | AUY | Yamana Gold Inc | 0.00% | - | 11,100 | $40K | No quote | No quote |
| 105 | UNH | United Healthcare Corp | - | Sold | 0 | $0 | No quote | No quote |
| 104 | TXN | Texas Instruments Inc | - | Sold | 0 | $0 | No quote | No quote |
| 103 | SLGLF | Silverado Gold Mines Ltd | - | Sold | 0 | $0 | No quote | No quote |
| 102 | SEAOF | SEACO Ltd. | 0.00% | - | 50,656 | $0 | No quote | No quote |
| 101 | PPL | PPL Corporation | - | Sold | 0 | $0 | No quote | No quote |
| 100 | PNC | PNC Financial Services Group | - | Sold | 0 | $0 | No quote | No quote |
| 99 | PNY | Piedmont Natural Gas | - | Sold | 0 | $0 | No quote | No quote |
| 98 | CAG | Conagra Foods Inc. | - | Sold | 0 | $0 | No quote | No quote |
| 97 | ADVNA | Advanta Corp. | 0.00% | - | 10,000 | $0 | No quote | No quote |