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 78 of 109 rows. Rows without a quote are marked unavailable.
| 1 | GE | General Electric | 3.54% | Reduce -4.8% | 732,844 | $22.83M | $31.15 | No quote |
| 2 | INTC | Intel Corp | 3.15% | Reduce -5.5% | 589,729 | $20.32M | $34.45 | No quote |
| 3 | PFE | Pfizer | 3.02% | Reduce -2.0% | 603,327 | $19.48M | $32.28 | No quote |
| 4 | MSFT | Microsoft Corp | 2.95% | Reduce -4.7% | 342,200 | $18.99M | $55.48 | No quote |
| 5 | JNJ | Johnson & Johnson | 2.83% | Reduce -4.0% | 177,535 | $18.24M | $102.72 | No quote |
| 6 | BAC | Bank Of America Corp | 2.61% | Reduce -2.5% | 999,019 | $16.81M | $16.83 | No quote |
| 7 | VZ | Verizon Communications Com | 2.56% | Add +5.4% | 356,407 | $16.47M | $46.22 | No quote |
| 8 | MRK | Merck & Co | 2.40% | Add +3.6% | 293,108 | $15.48M | $52.82 | No quote |
| 9 | PAYX | Paychex Inc | 2.33% | Add +6.0% | 283,636 | $15M | $52.89 | No quote |
| 10 | FITB | Fifth Third Bancorp | 2.29% | Reduce -3.3% | 735,325 | $14.78M | $20.10 | No quote |
| 11 | CSCO | Cisco Sys Inc Com | 2.22% | Reduce -1.0% | 526,911 | $14.31M | $27.15 | No quote |
| 12 | WFC | Wells Fargo & Co | 2.22% | Add +2.0% | 262,828 | $14.29M | $54.36 | No quote |
| 13 | XOM | Exxon Mobil Corporation | 2.18% | Add +3.6% | 180,122 | $14.04M | $77.95 | No quote |
| 14 | T | AT&T Inc | 2.14% | Add +1.1% | 400,797 | $13.79M | $34.41 | No quote |
| 15 | ORCL | Oracle Corp Com | 2.03% | Reduce -10.4% | 358,309 | $13.09M | $36.53 | No quote |
| 16 | WM | Waste Mgmt Inc Del Com | 1.96% | Reduce -4.9% | 236,889 | $12.64M | $53.37 | No quote |
| 17 | SLB | Schlumberger Ltd | 1.95% | Add +127.8% | 180,150 | $12.57M | $69.75 | No quote |
| 18 | UPS | United Parcel Service | 1.88% | Reduce -8.9% | 125,832 | $12.11M | $96.23 | No quote |
| 19 | WMT | WalMart Stores | 1.85% | Add +11.6% | 194,757 | $11.94M | $61.30 | No quote |
| 20 | PEP | Pepsico Inc | 1.78% | Add +14.2% | 115,105 | $11.5M | $99.92 | No quote |
| 21 | VOD | Vodafone | 1.77% | Add +14.3% | 354,041 | $11.42M | No quote | No quote |
| 22 | ABT | Abbott Labs | 1.76% | Reduce -4.9% | 253,037 | $11.36M | $44.91 | No quote |
| 23 | BA | Boeing | 1.74% | Reduce -5.5% | 77,497 | $11.21M | $144.59 | No quote |
| 24 | PG | Procter and Gamble | 1.73% | Add +449.4% | 140,424 | $11.15M | $79.41 | No quote |
| 25 | KMB | Kimberly Clark | 1.71% | Reduce -4.6% | 86,500 | $11.01M | $127.29 | No quote |
| 26 | GOOG | Alphabet, Inc. | 1.69% | Reduce -4.2% | 14,316 | $10.86M | $758.87 | No quote |
| 27 | TRI | Thomson Reuters Corp Com | 1.67% | Reduce -3.9% | 283,767 | $10.74M | No quote | No quote |
| 28 | AAPL | Apple Inc. | 1.64% | Reduce -6.4% | 100,389 | $10.57M | $105.26 | No quote |
| 29 | M | Macy's Inc | 1.62% | New | 298,600 | $10.45M | $34.98 | No quote |
| 30 | MS | Morgan Stanley & Co. | 1.61% | Reduce -20.1% | 325,991 | $10.37M | $31.81 | No quote |
| 31 | SYY | Sysco Corp | 1.54% | Add +7.3% | 242,166 | $9.93M | $41.00 | No quote |
| 32 | CME | CME Group Inc | 1.53% | Reduce -1.2% | 108,590 | $9.84M | $90.60 | No quote |
| 33 | CSX | CSX Corp | 1.52% | Reduce -19.8% | 377,597 | $9.8M | $25.95 | No quote |
| 34 | NLY | Annaly Capital Management | 1.48% | Reduce -20.9% | 1,014,421 | $9.52M | No quote | No quote |
| 35 | PYPL | PayPal Holdings Inc | 1.38% | Reduce -2.4% | 245,985 | $8.91M | $36.20 | No quote |
| 36 | FAST | Fastenal Co. | 1.38% | Add +6.0% | 218,000 | $8.9M | $40.82 | No quote |
| 37 | COST | Costco Wholesale Corp | 1.37% | Reduce -6.8% | 54,740 | $8.84M | $161.51 | No quote |
| 38 | INFY | Infosys Ltd | 1.32% | New | 507,350 | $8.5M | $16.75 | No quote |
| 39 | TGT | Target Corp | 1.26% | Reduce -31.9% | 111,775 | $8.12M | $72.61 | No quote |
| 40 | ABBV | AbbVie Inc. | 1.23% | New | 133,535 | $7.91M | $59.24 | No quote |
| 41 | KEY | Keycorp | 1.19% | Reduce -43.2% | 582,555 | $7.68M | $13.19 | No quote |
| 42 | TRV | Travelers Companies Inc | 1.19% | Reduce -6.3% | 67,914 | $7.67M | $112.86 | No quote |
| 43 | F | Ford Motor | 1.18% | Reduce -7.4% | 541,754 | $7.63M | $14.09 | No quote |
| 44 | CLB | Core Laboratories NV | 1.17% | Add +1.5% | 69,450 | $7.55M | $108.74 | No quote |
| 45 | ETN | Eaton Corporation | 1.17% | Add +4.2% | 144,765 | $7.53M | $52.04 | No quote |
| 46 | YUM | Yum Brands Inc | 1.11% | New | 98,250 | $7.18M | $73.05 | No quote |
| 47 | VFC | VF Corp Com | 1.07% | Reduce -37.3% | 111,285 | $6.93M | $62.25 | No quote |
| 48 | BBBYQ | Bed Bath & Beyond | 1.06% | Add +41.4% | 141,175 | $6.81M | No quote | No quote |
| 49 | EWJ | iShares MSCI Japan | 1.04% | Reduce -4.8% | 553,278 | $6.71M | $12.12 | No quote |
| 50 | IBM | International Business Machine | 0.98% | New | 46,061 | $6.34M | $137.62 | No quote |
| 51 | SE | Spectra Energy Corp | 0.89% | Add +9.7% | 240,176 | $5.75M | $23.94 | No quote |
| 52 | VWO | Vanguard Emerging Markets | 0.87% | Reduce -32.6% | 172,026 | $5.63M | $32.71 | No quote |
| 53 | BBH | Market Vectors Biotech ETF | 0.85% | Reduce -9.8% | 42,965 | $5.45M | No quote | No quote |
| 54 | EMC | EMC Corp Mass Com | 0.81% | Reduce -54.0% | 204,097 | $5.24M | No quote | No quote |
| 55 | IP | Intl Paper Co Com | 0.74% | Reduce -48.2% | 125,731 | $4.74M | No quote | No quote |
| 56 | NYCB | New York Community Bancorp | 0.71% | New | 280,225 | $4.57M | No quote | No quote |
| 57 | DVY | iShares Dow Jones Select Div I | 0.63% | Add +32.9% | 54,110 | $4.07M | No quote | No quote |
| 58 | RSP | Guggenheim S&P 500 Equal Weigh | 0.48% | Add +1.1% | 40,115 | $3.07M | $76.63 | No quote |
| 59 | EEM | iShares MSCI Emerging Mkts Ind | 0.42% | Add +518.6% | 84,810 | $2.73M | $32.19 | No quote |
| 60 | HDV | iShares High Dividend Equity F | 0.39% | Add +19.6% | 34,621 | $2.54M | No quote | No quote |
| 61 | CEF | Central Fund* | 0.38% | Reduce -11.0% | 244,546 | $2.44M | No quote | No quote |
| 62 | SPY | SPDR Tr Unit Ser 1 | 0.35% | Reduce -4.5% | 10,961 | $2.24M | $203.90 | No quote |
| 63 | VOO | Vanguard S&P 500 ETF | 0.26% | Reduce -10.4% | 8,896 | $1.66M | $186.94 | No quote |
| 64 | KO | Coca Cola | 0.22% | Add +26.9% | 32,647 | $1.4M | $42.97 | No quote |
| 65 | USB | US Bancorp | 0.16% | Add +7.6% | 24,096 | $1.03M | $42.66 | No quote |
| 66 | DD | Du Pont E.I. De Nemours & Co. | 0.15% | Reduce -92.9% | 14,310 | $953K | $66.60 | No quote |
| 67 | SBAC | SBA Communications Corp | 0.14% | - | 8,388 | $881K | $105.03 | No quote |
| 68 | EMR | Emerson Electric | 0.12% | New | 16,151 | $773K | $47.86 | No quote |
| 69 | MMM | 3M Company | 0.11% | Reduce -0.9% | 4,900 | $738K | $150.61 | No quote |
| 70 | MO | Altria Group Inc. | 0.10% | Add +54.4% | 10,808 | $629K | $58.20 | No quote |
| 71 | QQQ | PowerShares QQQ Trust | 0.09% | Add +3.0% | 5,440 | $609K | $111.95 | No quote |
| 72 | CL | Colgate Palmolive | 0.08% | Add +19.4% | 7,893 | $526K | $66.64 | No quote |
| 73 | GSK | GlaxoSmithKline PLC | 0.08% | Add +4.8% | 12,680 | $512K | $40.38 | No quote |
| 74 | MCD | McDonalds Corp | 0.07% | - | 4,040 | $477K | $118.07 | No quote |
| 75 | VEU | Vanguard FTSE All-World ex-US | 0.07% | Add +2.9% | 10,652 | $462K | $43.37 | No quote |
| 76 | RDSB | Royal Dutch Shell PLC B | 0.07% | Reduce -21.8% | 9,940 | $458K | No quote | No quote |
| 77 | MKC | McCormick & Co | 0.07% | Add +6.1% | 5,250 | $449K | $85.52 | No quote |
| 78 | GLD | SPDR Gold Trust | 0.07% | Reduce -0.9% | 4,380 | $444K | $101.37 | No quote |
| 79 | UN | Unilever NV | 0.06% | Reduce -2.1% | 9,515 | $412K | No quote | No quote |
| 80 | HD | Home Depot | 0.05% | - | 2,500 | $331K | $132.40 | No quote |
| 81 | MDY | Midcap SPDR Tr Un Sr 1 | 0.05% | - | 1,150 | $292K | $253.91 | No quote |
| 82 | TMO | Thermo Fisher Scientific Inc | 0.04% | - | 2,000 | $284K | $142.00 | No quote |
| 84 | DIS | Walt Disney Co | 0.04% | Reduce -96.6% | 2,580 | $271K | $105.04 | No quote |
| 83 | PM | Phillip Morris International | 0.04% | New | 3,080 | $271K | $87.99 | No quote |
| 85 | JOF | Japan Smaller Cap Fund Inc | 0.04% | Reduce -3.9% | 25,325 | $259K | No quote | No quote |
| 86 | STZ | Constellation Brands Inc | 0.04% | Reduce -5.3% | 1,800 | $256K | $142.22 | No quote |
| 87 | IAU | iShares Comex Gold | 0.04% | Add +1.9% | 24,375 | $249K | $10.22 | No quote |
| 88 | NKE | Nike Inc Cl B | 0.04% | New | 3,900 | $244K | $62.56 | No quote |
| 89 | AZO | Autozone Inc | 0.03% | - | 300 | $223K | $743.33 | No quote |
| 90 | RDSA | Royal Dutch Shell | 0.03% | Reduce -4.1% | 4,698 | $215K | No quote | No quote |
| 91 | XLK | Technology Select Sector SPDR | 0.03% | New | 4,700 | $201K | $42.77 | No quote |
| 92 | EMF | Templeton Emerging Markets | 0.03% | Add +8.0% | 16,247 | $162K | No quote | No quote |
| 93 | JEQ | Aberdeen Japan Equity Fund Inc | 0.02% | Reduce -26.0% | 17,100 | $132K | No quote | No quote |
| 94 | PHYS | Sprott Physical Gold Trust | 0.02% | - | 15,000 | $131K | $8.73 | No quote |
| 95 | TRST | TrustCo Bank Corp NY | 0.02% | Reduce -36.4% | 17,500 | $107K | No quote | No quote |
| 96 | EVLV | Evine Live Inc Cl A Com Shares | 0.00% | New | 10,400 | $19K | $1.83 | No quote |
| 97 | DNN | Denison Mines Corp | 0.00% | - | 15,000 | $7K | No quote | No quote |
| 98 | DLOV | Daleco Resources Corp | 0.00% | - | 124,670 | $4K | No quote | No quote |
| 109 | AUY | Yamana Gold Inc | - | Sold | 0 | $0 | No quote | No quote |
| 108 | STJ | St Jude Medical Inc | - | Sold | 0 | $0 | No quote | No quote |
| 107 | SEAOF | SEACO Ltd. | 0.00% | - | 50,656 | $0 | No quote | No quote |
| 106 | LNC | Lincoln Natl Corp | - | Sold | 0 | $0 | No quote | No quote |
| 105 | GG | Goldcorp Inc | - | Sold | 0 | $0 | No quote | No quote |
| 104 | DOW | Dow Chemical | - | Sold | 0 | $0 | No quote | No quote |
| 103 | DKS | Dick's Sporting Goods | - | Sold | 0 | $0 | No quote | No quote |
| 102 | COP | ConocoPhillips | - | Sold | 0 | $0 | No quote | No quote |
| 101 | CMCSA | Comcast Corp Cl A | - | Sold | 0 | $0 | No quote | No quote |
| 100 | - | CEF Invesco Value FundCUSIP EGB32P104 | 0.00% | - | 94,849 | $0 | No quote | No quote |
| 99 | ADVNA | Advanta Corp. | 0.00% | - | 10,000 | $0 | No quote | No quote |