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 73 of 116 rows. Rows without a quote are marked unavailable.
| 1 | GE | General Electric | 3.06% | Add +19.5% | 769,695 | $19.41M | $25.22 | No quote |
| 2 | PFE | Pfizer | 3.05% | Reduce -1.8% | 615,530 | $19.33M | $31.41 | No quote |
| 3 | INTC | Intel Corp | 2.96% | Reduce -4.7% | 623,726 | $18.8M | $30.14 | No quote |
| 4 | JNJ | Johnson & Johnson | 2.72% | Reduce -4.4% | 184,880 | $17.26M | $93.35 | No quote |
| 5 | BAC | Bank Of America Corp | 2.52% | Reduce -3.0% | 1,024,822 | $15.97M | $15.58 | No quote |
| 6 | MSFT | Microsoft Corp | 2.50% | Reduce -0.7% | 358,909 | $15.89M | $44.26 | No quote |
| 7 | VZ | Verizon Communications Com | 2.32% | Add +3.1% | 338,241 | $14.72M | $43.51 | No quote |
| 8 | ORCL | Oracle Corp Com | 2.28% | Add +5.0% | 399,834 | $14.44M | $36.12 | No quote |
| 9 | FITB | Fifth Third Bancorp | 2.26% | Add +46.0% | 760,225 | $14.38M | $18.91 | No quote |
| 10 | CSCO | Cisco Sys Inc Com | 2.20% | Reduce -5.0% | 532,438 | $13.98M | $26.25 | No quote |
| 11 | MRK | Merck & Co | 2.20% | Add +1.9% | 282,790 | $13.97M | $49.39 | No quote |
| 12 | UPS | United Parcel Service | 2.15% | Reduce -3.8% | 138,182 | $13.64M | $98.69 | No quote |
| 13 | KEY | Keycorp | 2.10% | Add +39.0% | 1,026,302 | $13.35M | $13.01 | No quote |
| 14 | WFC | Wells Fargo & Co | 2.08% | Reduce -3.8% | 257,652 | $13.23M | $51.35 | No quote |
| 15 | XOM | Exxon Mobil Corporation | 2.04% | Add +25.9% | 173,893 | $12.93M | $74.35 | No quote |
| 16 | T | AT&T Inc | 2.03% | Add +3.2% | 396,251 | $12.91M | $32.58 | No quote |
| 17 | TGT | Target Corp | 2.03% | New | 164,075 | $12.91M | $78.66 | No quote |
| 18 | MS | Morgan Stanley & Co. | 2.03% | Reduce -5.8% | 408,166 | $12.86M | $31.50 | No quote |
| 19 | PAYX | Paychex Inc | 2.01% | Add +20.4% | 267,511 | $12.74M | $47.63 | No quote |
| 20 | CSX | CSX Corp | 1.99% | Reduce -1.5% | 470,725 | $12.66M | $26.90 | No quote |
| 21 | NLY | Annaly Capital Management | 1.99% | Reduce -5.7% | 1,282,574 | $12.66M | No quote | No quote |
| 22 | WM | Waste Mgmt Inc Del Com | 1.96% | Reduce -7.7% | 249,144 | $12.41M | $49.81 | No quote |
| 23 | VFC | VF Corp Com | 1.91% | Add +112.6% | 177,449 | $12.1M | $68.21 | No quote |
| 24 | TRI | Thomson Reuters Corp Com | 1.87% | Reduce -7.6% | 295,417 | $11.89M | No quote | No quote |
| 25 | AAPL | Apple Inc. | 1.86% | Reduce -3.6% | 107,249 | $11.83M | $110.29 | No quote |
| 26 | WMT | WalMart Stores | 1.78% | Reduce -22.1% | 174,457 | $11.31M | $64.84 | No quote |
| 27 | BA | Boeing | 1.69% | Reduce -4.0% | 82,045 | $10.74M | $130.95 | No quote |
| 28 | EMC | EMC Corp Mass Com | 1.69% | Reduce -10.9% | 443,171 | $10.71M | No quote | No quote |
| 29 | ABT | Abbott Labs | 1.69% | Reduce -4.0% | 266,186 | $10.71M | $40.22 | No quote |
| 30 | CME | CME Group Inc | 1.61% | Add +19.6% | 109,940 | $10.2M | $92.74 | No quote |
| 31 | KMB | Kimberly Clark | 1.56% | Add +8.6% | 90,670 | $9.89M | $109.04 | No quote |
| 32 | VOD | Vodafone | 1.55% | Reduce -7.4% | 309,710 | $9.83M | No quote | No quote |
| 33 | DD | Du Pont E.I. De Nemours & Co. | 1.52% | Reduce -13.1% | 200,473 | $9.66M | $48.20 | No quote |
| 34 | PEP | Pepsico Inc | 1.50% | Reduce -9.5% | 100,759 | $9.5M | $94.30 | No quote |
| 35 | IP | Intl Paper Co Com | 1.44% | Reduce -9.0% | 242,710 | $9.17M | No quote | No quote |
| 36 | GOOG | Alphabet, Inc. | 1.43% | New | 14,949 | $9.1M | $608.40 | No quote |
| 37 | SYY | Sysco Corp | 1.39% | Reduce -45.9% | 225,703 | $8.8M | $38.97 | No quote |
| 38 | CMCSA | Comcast Corp Cl A | 1.37% | Reduce -8.7% | 152,881 | $8.7M | $56.88 | No quote |
| 39 | COST | Costco Wholesale Corp | 1.34% | New | 58,740 | $8.49M | $144.57 | No quote |
| 40 | VWO | Vanguard Emerging Markets | 1.33% | Reduce -9.5% | 255,117 | $8.44M | $33.09 | No quote |
| 41 | F | Ford Motor | 1.25% | Reduce -18.4% | 585,102 | $7.94M | $13.57 | No quote |
| 42 | DIS | Walt Disney Co | 1.23% | New | 76,650 | $7.83M | $102.20 | No quote |
| 43 | PYPL | PayPal Holdings Inc | 1.23% | New | 252,135 | $7.83M | $31.04 | No quote |
| 44 | FAST | Fastenal Co. | 1.19% | Add +1385.0% | 205,675 | $7.53M | $36.61 | No quote |
| 45 | TRV | Travelers Companies Inc | 1.14% | Reduce -9.1% | 72,451 | $7.21M | $99.53 | No quote |
| 46 | ETN | Eaton Corporation | 1.12% | Add +1314.0% | 138,925 | $7.13M | $51.30 | No quote |
| 47 | CLB | Core Laboratories NV | 1.08% | New | 68,425 | $6.83M | $99.83 | No quote |
| 48 | DKS | Dick's Sporting Goods | 1.05% | New | 134,165 | $6.66M | $49.61 | No quote |
| 49 | EWJ | iShares MSCI Japan | 1.05% | Reduce -5.3% | 581,027 | $6.64M | $11.43 | No quote |
| 50 | LNC | Lincoln Natl Corp | 0.94% | Reduce -9.6% | 125,800 | $5.97M | $47.46 | No quote |
| 51 | STJ | St Jude Medical Inc | 0.92% | New | 92,290 | $5.82M | No quote | No quote |
| 52 | SE | Spectra Energy Corp | 0.91% | Reduce -9.7% | 218,951 | $5.75M | $26.27 | No quote |
| 53 | BBBYQ | Bed Bath & Beyond | 0.90% | Reduce -14.1% | 99,825 | $5.69M | No quote | No quote |
| 54 | SLB | Schlumberger Ltd | 0.86% | Add +1901.9% | 79,075 | $5.45M | $68.97 | No quote |
| 55 | BBH | Market Vectors Biotech ETF | 0.86% | New | 47,640 | $5.45M | No quote | No quote |
| 56 | COP | ConocoPhillips | 0.75% | Reduce -56.8% | 98,972 | $4.75M | $47.96 | No quote |
| 57 | DVY | iShares Dow Jones Select Div I | 0.47% | Reduce -1.9% | 40,724 | $2.96M | No quote | No quote |
| 58 | RSP | Guggenheim S&P 500 Equal Weigh | 0.46% | Reduce -1.3% | 39,659 | $2.92M | $73.55 | No quote |
| 59 | CEF | Central Fund* | 0.46% | Reduce -3.8% | 274,721 | $2.91M | No quote | No quote |
| 60 | SPY | SPDR Tr Unit Ser 1 | 0.35% | Reduce -5.3% | 11,483 | $2.2M | $191.67 | No quote |
| 61 | HDV | iShares High Dividend Equity F | 0.32% | Add +4.5% | 28,956 | $2.02M | No quote | No quote |
| 62 | PG | Procter and Gamble | 0.29% | Add +189.6% | 25,559 | $1.84M | $71.91 | No quote |
| 63 | VOO | Vanguard S&P 500 ETF | 0.28% | Reduce -2.1% | 9,934 | $1.75M | $175.76 | No quote |
| 64 | KO | Coca Cola | 0.16% | Add +70.1% | 25,716 | $1.03M | $40.13 | No quote |
| 65 | USB | US Bancorp | 0.14% | Add +10.9% | 22,396 | $918K | $40.99 | No quote |
| 66 | DOW | Dow Chemical | 0.14% | Reduce -80.5% | 21,450 | $909K | $42.38 | No quote |
| 67 | SBAC | SBA Communications Corp | 0.14% | - | 8,388 | $879K | $104.79 | No quote |
| 68 | MMM | 3M Company | 0.11% | Add +196.1% | 4,945 | $701K | $141.76 | No quote |
| 69 | RDSB | Royal Dutch Shell PLC B | 0.10% | Reduce -4.9% | 12,715 | $604K | No quote | No quote |
| 70 | QQQ | PowerShares QQQ Trust | 0.08% | Reduce -4.3% | 5,280 | $537K | $101.70 | No quote |
| 71 | GLD | SPDR Gold Trust | 0.07% | Reduce -11.9% | 4,420 | $472K | $106.79 | No quote |
| 72 | GSK | GlaxoSmithKline PLC | 0.07% | Reduce -0.8% | 12,105 | $465K | $38.41 | No quote |
| 73 | EEM | iShares MSCI Emerging Mkts Ind | 0.07% | Add +39.0% | 13,710 | $449K | $32.75 | No quote |
| 74 | VEU | Vanguard FTSE All-World ex-US | 0.07% | Reduce -2.3% | 10,348 | $441K | $42.62 | No quote |
| 75 | CL | Colgate Palmolive | 0.07% | New | 6,610 | $419K | $63.39 | No quote |
| 76 | MKC | McCormick & Co | 0.06% | Reduce -28.8% | 4,950 | $407K | $82.22 | No quote |
| 77 | MCD | McDonalds Corp | 0.06% | Reduce -1.2% | 4,040 | $398K | $98.51 | No quote |
| 78 | UN | Unilever NV | 0.06% | - | 9,715 | $391K | No quote | No quote |
| 79 | MO | Altria Group Inc. | 0.06% | - | 6,998 | $381K | $54.44 | No quote |
| 80 | HD | Home Depot | 0.05% | - | 2,500 | $289K | $115.60 | No quote |
| 81 | MDY | Midcap SPDR Tr Un Sr 1 | 0.05% | - | 1,150 | $286K | $248.70 | No quote |
| 82 | JOF | Japan Smaller Cap Fund Inc | 0.04% | Add +0.3% | 26,350 | $268K | No quote | No quote |
| 83 | IAU | iShares Comex Gold | 0.04% | Reduce -1.3% | 23,929 | $258K | $10.78 | No quote |
| 84 | TMO | Thermo Fisher Scientific Inc | 0.04% | - | 2,000 | $245K | $122.50 | No quote |
| 85 | STZ | Constellation Brands Inc | 0.04% | - | 1,900 | $238K | $125.26 | No quote |
| 86 | RDSA | Royal Dutch Shell | 0.04% | Reduce -30.1% | 4,898 | $232K | No quote | No quote |
| 87 | AZO | Autozone Inc | 0.03% | - | 300 | $217K | $723.33 | No quote |
| 88 | EMF | Templeton Emerging Markets | 0.03% | - | 15,047 | $166K | No quote | No quote |
| 89 | TRST | TrustCo Bank Corp NY | 0.03% | Reduce -26.7% | 27,500 | $161K | No quote | No quote |
| 90 | JEQ | Aberdeen Japan Equity Fund Inc | 0.02% | - | 23,100 | $158K | No quote | No quote |
| 91 | PHYS | Sprott Physical Gold Trust | 0.02% | - | 15,000 | $138K | $9.20 | No quote |
| 92 | GG | Goldcorp Inc | 0.02% | Reduce -7.2% | 10,300 | $129K | No quote | No quote |
| 93 | AUY | Yamana Gold Inc | 0.00% | Add +17.3% | 13,025 | $22K | No quote | No quote |
| 94 | DNN | Denison Mines Corp | 0.00% | - | 15,000 | $6K | No quote | No quote |
| 95 | DLOV | Daleco Resources Corp | 0.00% | New | 124,670 | $5K | No quote | No quote |
| 116 | VIAB | Viacom Inc - B | - | Sold | 0 | $0 | No quote | No quote |
| 115 | SYK | Stryker Corp. | - | Sold | 0 | $0 | No quote | No quote |
| 114 | SWN | Southwestern Energy Co | - | Sold | 0 | $0 | No quote | No quote |
| 113 | SEAOF | SEACO Ltd. | 0.00% | - | 50,656 | $0 | No quote | No quote |
| 112 | POT | Potash Corp Sask Inc | - | Sold | 0 | $0 | No quote | No quote |
| 111 | PSX | Phillips 66 | - | Sold | 0 | $0 | No quote | No quote |
| 110 | PM | Phillip Morris International | - | Sold | 0 | $0 | No quote | No quote |
| 109 | IVV | iShares Tr S&P 500 Index | - | Sold | 0 | $0 | No quote | No quote |
| 108 | AOR | ISHARES Tr Core Growth Allocat | - | Sold | 0 | $0 | No quote | No quote |
| 107 | GOOG | Google Inc Cl C | - | Sold | 0 | $0 | No quote | No quote |
| 106 | FLR | Fluor Corp. | - | Sold | 0 | $0 | No quote | No quote |
| 105 | ESRX | Express Scripts Inc | - | Sold | 0 | $0 | No quote | No quote |
| 104 | EMR | Emerson Electric | - | Sold | 0 | $0 | No quote | No quote |
| 103 | EBAY | Ebay Inc | - | Sold | 0 | $0 | No quote | No quote |
| 102 | EMN | Eastman Chemical Co. | - | Sold | 0 | $0 | No quote | No quote |
| 101 | CMI | Cummins Inc | - | Sold | 0 | $0 | No quote | No quote |
| 100 | GLW | Corning Inc | - | Sold | 0 | $0 | No quote | No quote |
| 99 | - | CEF Invesco Value FundCUSIP EGB32P104 | 0.00% | New | 94,849 | $0 | No quote | No quote |
| 98 | BRK/B | Berkshire Hathaway Inc Cl BCUSIP 084670702 | - | Sold | 0 | $0 | No quote | No quote |
| 97 | AXP | American Express Co | - | Sold | 0 | $0 | No quote | No quote |
| 96 | ADVNA | Advanta Corp. | 0.00% | - | 10,000 | $0 | No quote | No quote |