13FGuru
Sign in with Google Sign in with Discord
Valley Forge Capital Management avatar

Dev Kantesaria

Valley Forge Capital Management

Valley Forge Capital Management, Dev Kantesaria's low-turnover quality compounding

Valley Forge is a concentrated quality-compounding manager. Dev Kantesaria's public comments and the 13F show a preference for a small set of predictable, high-return businesses that can be held for long periods.

Sources Valley Forge Capital Management official site SEC EDGAR profile Dev Kantesaria public interview video
Concentrated quality compounders CIK 1697868
2026-03-31 Latest 13F 7 Current holdings 18 Last 2 periods Change 0 Public materials
Latest 13F snapshot 2026-03-31 · 7 disclosed positions · $3.4B Top five 92.2%: FICO, SPGI, MA, MCO, ASML

Performance materials

  • Valley Forge does not publish a continuous public fund-level return table. Public interviews and filings provide context.

Firm and key people

  • Kantesaria built Valley Forge around concentrated ownership of durable businesses.
  • The portfolio is typically low turnover, so each large holding deserves close study.
  • Public interviews help explain the firm's standards for business quality and valuation.

Investment style

  • Prefer businesses with high returns, recurring economics, and strong competitive positions.
  • Low turnover makes holding duration and thesis stability central.
  • Large changes should be read as changes in quality, valuation, or opportunity cost.

Public materials

View timeline
Shareholder letters / memos 0
Interview 0
Public video 0
Public Q&A / speeches / presentations 0

Current holdings

13F period 2026-03-31 · Filed 2026-05-15
Stocks Shares Value Weight
FICO 769,342 $821.3M 24.3%
SPGI 1,758,074 $747.8M 22.2%
MA 1,487,496 $743.2M 22.0%
MCO 1,317,188 $574.6M 17.0%
ASML 171,083 $226.0M 6.7%
V 598,753 $181.0M 5.4%
INTU 189,072 $81.8M 2.4%

Last 2 quarters US 13F new / increased / reduced / sold-out positions

As of 13F 2026-03-31 · Filed 2026-05-15
Last 1 quarters Last 2 quarters Last 3 quarters Last 4 quarters
Stocks Action 13F period Current shares Previous shares Share change 13F value change
FICO Minor reduction 2026-03-31 Filed 2026-05-15 769,342 769,424 -0.0% -$479.5M
SPGI Minor reduction 2026-03-31 Filed 2026-05-15 1,758,074 1,758,179 -0.0% -$171.0M
V Major reduction 2026-03-31 Filed 2026-05-15 598,753 916,410 -34.7% -$140.4M
MA Minor increase 2026-03-31 Filed 2026-05-15 1,487,496 1,487,409 0.0% -$105.9M
MCO Minor reduction 2026-03-31 Filed 2026-05-15 1,317,188 1,317,292 -0.0% -$98.3M
ASML Major increase 2026-03-31 Filed 2026-05-15 171,083 126,242 35.5% +$90.9M
INTU Minor reduction 2026-03-31 Filed 2026-05-15 189,072 221,236 -14.5% -$64.8M
MSCI Sold out 2026-03-31 Filed 2026-05-15 0 60,770 -100.0% -$34.9M
EFX Sold out 2026-03-31 Filed 2026-05-15 0 146,352 -100.0% -$31.8M
FICO Minor increase 2025-12-31 Filed 2026-02-17 769,424 768,422 0.1% +$150.8M
SPGI Minor increase 2025-12-31 Filed 2026-02-17 1,758,179 1,755,098 0.2% +$64.6M
MCO Minor increase 2025-12-31 Filed 2026-02-17 1,317,292 1,314,144 0.2% +$46.8M
INTU Major reduction 2025-12-31 Filed 2026-02-17 221,236 261,097 -15.3% -$31.8M
ASML Minor increase 2025-12-31 Filed 2026-02-17 126,242 125,627 0.5% +$13.4M
V Minor increase 2025-12-31 Filed 2026-02-17 916,410 912,017 0.5% +$10.0M
EFX Minor increase 2025-12-31 Filed 2026-02-17 146,352 144,000 1.6% -$5.2M
MA Minor increase 2025-12-31 Filed 2026-02-17 1,487,409 1,484,772 0.2% +$4.6M
MSCI Minor increase 2025-12-31 Filed 2026-02-17 60,770 59,700 1.8% +$991,195

Public video / Interview / Shareholder letter / Public Q&A

No viewpoint records yet.