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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 77 of 109 rows. Rows without a quote are marked unavailable.

1PFEPfizer2.81%Reduce -6.8%626,680$21.01M$33.53No quote
2INTCIntel Corp2.67%Reduce -7.7%654,787$19.92M$30.41No quote
3JNJJohnson & Johnson2.52%Reduce -6.9%193,398$18.85M$97.46No quote
4BACBank Of America Corp2.41%Reduce -5.8%1,056,618$17.98M$17.02No quote
5POTPotash Corp Sask Inc2.36%Add +15.5%569,661$17.64MNo quoteNo quote
6GEGeneral Electric2.29%Reduce -29.0%644,128$17.12M$26.57No quote
7MSMorgan Stanley & Co.2.25%Reduce -6.0%433,525$16.82M$38.79No quote
8MSFTMicrosoft Corp2.14%Reduce -36.6%361,430$15.96M$44.15No quote
9WMTWalMart Stores2.13%Add +4.4%224,005$15.89M$70.93No quote
10MRKMerck & Co2.12%Reduce -6.4%277,500$15.8M$56.93No quote
11CSXCSX Corp2.09%Reduce -7.7%477,822$15.6M$32.65No quote
12CSCOCisco Sys Inc Com2.06%Reduce -4.9%560,659$15.4M$27.46No quote
13ORCLOracle Corp Com2.05%Add +2.0%380,868$15.35M$40.30No quote
14VZVerizon Communications Com2.05%Reduce -5.7%327,906$15.28M$46.61No quote
15EBAYEbay Inc2.03%Reduce -8.0%251,110$15.13M$60.24No quote
17WFCWells Fargo & Co2.02%Reduce -6.3%267,777$15.06M$56.24No quote
16SYYSysco Corp2.02%Reduce -6.8%417,184$15.06M$36.10No quote
18DDDu Pont E.I. De Nemours & Co.1.97%Add +2.7%230,636$14.75M$63.95No quote
19GOOGGoogle Inc Cl C1.89%Reduce -3.1%27,094$14.1M$520.52No quote
20COPConocoPhillips1.88%Add +46.9%229,096$14.07M$61.41No quote
21AAPLApple Inc.1.87%Reduce -6.8%111,287$13.96M$125.42No quote
22UPSUnited Parcel Service1.86%Reduce -1.9%143,582$13.92M$96.91No quote
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25EMCEMC Corp Mass Com1.76%Reduce -8.4%497,171$13.12MNo quoteNo quote
26IPIntl Paper Co Com1.70%Reduce -7.4%266,658$12.69MNo quoteNo quote
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29VODVodafone1.63%Reduce -4.9%334,439$12.19MNo quoteNo quote
30TRIThomson Reuters Corp Com1.63%Reduce -6.0%319,842$12.18MNo quoteNo quote
31BABoeing1.59%Reduce -5.3%85,470$11.86M$138.72No quote
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33XOMExxon Mobil Corporation1.54%Reduce -10.8%138,126$11.49M$83.20No quote
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35KEYKeycorp1.48%New738,400$11.09M$15.02No quote
36EMREmerson Electric1.47%Add +5.1%197,496$10.95M$55.43No quote
37FITBFifth Third Bancorp1.45%New520,700$10.84M$20.82No quote
38FFord Motor1.44%Add +17.9%717,200$10.77M$15.01No quote
39SYKStryker Corp.1.40%Reduce -9.4%109,341$10.45M$95.57No quote
40PAYXPaychex Inc1.39%Reduce -4.7%222,086$10.41M$46.88No quote
41PEPPepsico Inc1.39%Reduce -10.8%111,283$10.39M$93.34No quote
42SWNSouthwestern Energy Co1.35%New443,125$10.07MNo quoteNo quote
43CMCSAComcast Corp Cl A1.35%Reduce -6.8%167,355$10.07M$60.14No quote
44CMICummins Inc1.21%Reduce -12.0%68,990$9.05M$131.19No quote
45VIABViacom Inc - B1.21%Add +15.6%139,780$9.04MNo quoteNo quote
46KMBKimberly Clark1.18%Reduce -5.1%83,470$8.85M$105.97No quote
47CMECME Group Inc1.14%New91,900$8.55M$93.06No quote
48LNCLincoln Natl Corp1.10%New139,225$8.25M$59.22No quote
49BBBYQBed Bath & Beyond1.07%New116,250$8.02MNo quoteNo quote
50SESpectra Energy Corp1.06%Reduce -4.3%242,561$7.91M$32.60No quote
51EWJiShares MSCI Japan1.05%Reduce -5.7%613,564$7.86M$12.81No quote
52TRVTravelers Companies Inc1.03%Reduce -48.5%79,692$7.7M$96.66No quote
53PSXPhillips 660.88%Reduce -8.0%81,225$6.54M$80.55No quote
54GLWCorning Inc0.86%New325,015$6.41M$19.73No quote
55BRK/BBerkshire Hathaway Inc Cl BCUSIP 0846707020.82%Reduce -12.1%45,030$6.13MNo quoteNo quote
56VFCVF Corp Com0.78%New83,475$5.82M$69.75No quote
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58FLRFluor Corp.0.75%Reduce -44.6%105,035$5.57M$53.01No quote
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60CEFCentral Fund*0.45%Reduce -1.3%285,591$3.33MNo quoteNo quote
61RSPGuggenheim S&P 500 Equal Weigh0.43%Add +0.2%40,173$3.21M$79.80No quote
62DVYiShares Dow Jones Select Div I0.42%Reduce -1.8%41,534$3.12MNo quoteNo quote
63SPYSPDR Tr Unit Ser 10.33%Reduce -2.4%12,128$2.5M$205.89No quote
64EMNEastman Chemical Co.0.30%Reduce -13.8%27,500$2.25M$81.82No quote
65HDViShares High Dividend Equity F0.27%Add +2.5%27,716$2.04MNo quoteNo quote
66VOOVanguard S&P 500 ETF0.26%Reduce -0.4%10,149$1.92M$188.89No quote
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73QQQPowerShares QQQ Trust0.08%Reduce -0.1%5,516$591K$107.14No quote
74FASTFastenal Co.0.08%Add +1.5%13,850$584K$42.17No quote
75GLDSPDR Gold Trust0.08%Add +11.7%5,020$564K$112.35No quote
76MKCMcCormick & Co0.08%Reduce -12.6%6,950$563K$81.01No quote
77VEUVanguard FTSE All-World ex-US0.07%Add +5.2%10,596$514K$48.51No quote
78GSKGlaxoSmithKline PLC0.07%Reduce -3.9%12,205$508K$41.62No quote
79UNUnilever NV0.05%Reduce -18.5%9,715$406KNo quoteNo quote
80RDSARoyal Dutch Shell0.05%Reduce -8.3%7,007$399KNo quoteNo quote
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82MCDMcDonalds Corp0.05%-4,090$389K$95.11No quote
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84SLBSchlumberger Ltd0.05%New3,950$340K$86.08No quote
85MDYMidcap SPDR Tr Un Sr 10.04%-1,150$314K$273.04No quote
86AORISHARES Tr Core Growth Allocat0.04%New7,500$304KNo quoteNo quote
87JOFJapan Smaller Cap. Fund0.04%Reduce -0.8%26,275$284KNo quoteNo quote
88HDHome Depot0.04%Reduce -4.1%2,500$278K$111.20No quote
89IAUiShares Comex Gold0.04%Add +0.3%24,246$275K$11.34No quote
90TRSTTrustCo Bank Corp NY0.04%Reduce -44.4%37,500$264KNo quoteNo quote
91TMOThermo Fisher Scientific Inc0.03%-2,000$260K$130.00No quote
92PMPhillip Morris International0.03%Reduce -55.6%3,230$259K$80.19No quote
93MMM3M Company0.03%-1,670$258K$154.49No quote
94STZConstellation Brands Inc0.03%-1,900$220K$115.79No quote
95EMFTempleton Emerging Markets0.03%Reduce -5.6%15,047$219KNo quoteNo quote
96IVViShares Tr S&P 500 Index0.03%-1,000$207K$207.00No quote
97AZOAutozone Inc0.03%-300$200K$666.67No quote
98JEQAberdeen Japan Equity Fund Inc0.03%-23,100$191KNo quoteNo quote
99GGGoldcorp Inc0.02%Reduce -0.0%11,100$180KNo quoteNo quote
100PHYSSprott Physical Gold Trust0.02%-15,000$145K$9.67No quote
101AUYYamana Gold Inc0.00%-11,100$33KNo quoteNo quote
102DNNDenison Mines Corp0.00%New15,000$11KNo quoteNo quote
109TRPTranscanada Corp-Sold0$0No quoteNo quote
108SEAOFSEACO Ltd.0.00%-50,656$0No quoteNo quote
107MCHPMicrochip Technology Com-Sold0$0No quoteNo quote
106MASMasco Corp-Sold0$0No quoteNo quote
105KMIKinder Morgan Inc-Sold0$0No quoteNo quote
104BMYBristol-Myers Squibb Co-Sold0$0No quoteNo quote
103ADVNAAdvanta Corp.0.00%-10,000$0No quoteNo quote