Dev Kantesaria

Valley Forge Capital Management, LP

as of Dec 31, 2025 · filed Feb 17, 2026 · 48-day reporting lag · historical report

Source filings

13F-HR 0001697868-26-000001

QuarterCompare any two quarters

Portfolio value$4.4B 6.1% vs. previous quarter

Positions90 new · 0 sold

Top 592.1%largest FICO at 29.5%

Largest moveFICOIncreased · +1.8% weight shift

Concentration

How much of the portfolio the biggest positions add up to. Hover the curve, or focus it and use the arrow keys, to inspect each rank.

Longest held

One block per imported quarter, oldest at the left. A full row means held in all of them, not that the position began there.

95%held throughout

FICO26

SPGI26

MA26

MCO26

V26

Top 3 moves

FICO+1.8%

MA−1.1%

INTU−1.0%

No new positions and no positions sold; the largest portfolio-weight shift was FICO gaining 1.8% of portfolio weight.

Holdings

Reported price is value divided by shares, the manager’s quarter-end mark rather than a traded price.

Sorted by portfolio weight, high to low

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Reported holdings for Q4 2025

FICOFAIR ISAAC CORPConsumer Discretionary	29.5%+1.8%	Increased0.1%	769,424	$1690.62	$1.30B
SPGIS&P GLOBAL INCConsumer Discretionary	20.8%+0.3%	Increased0.2%	1,758,179	$522.59	$918.8M
MAMASTERCARD INC - AFinancials	19.2%-1.1%	Increased0.2%	1,487,409	$570.88	$849.1M
MCOMOODY'S CORPConsumer Discretionary	15.3%+0.2%	Increased0.2%	1,317,292	$510.85	$672.9M
VVISA INC-CLASS A SHARESFinancials	7.3%-0.2%	Increased0.5%	916,410	$350.71	$321.4M
INTUINTUIT INCInformation Technology	3.3%-1.0%	Reduced15.3%	221,236	$662.42	$146.6M
Ticker unavailableASML HOLDING N VUnclassified	3.1%+0.1%	Increased0.5%	126,242	$1069.86	$135.1M
MSCIMSCI INCConsumer Discretionary	0.8%	Increased1.8%	60,770	$573.73	$34.9M
EFXEQUIFAX INCConsumer Discretionary	0.7%-0.2%	Increased1.6%	146,352	$216.98	$31.8M

Dev Kantesaria

Valley Forge Capital Management, LP

as of Dec 31, 2025 · filed Feb 17, 2026 · 48-day reporting lag · historical report

FICOFAIR ISAAC CORPConsumer Discretionary

29.5%+1.8%

Increased0.1%

769,424

$1690.62

$1.30B

SPGIS&P GLOBAL INCConsumer Discretionary

20.8%+0.3%

Increased0.2%

1,758,179

$522.59

$918.8M

MAMASTERCARD INC - AFinancials

19.2%-1.1%

Increased0.2%

1,487,409

$570.88

$849.1M

MCOMOODY'S CORPConsumer Discretionary

15.3%+0.2%

Increased0.2%

1,317,292

$510.85

$672.9M

VVISA INC-CLASS A SHARESFinancials

7.3%-0.2%

Increased0.5%

916,410

$350.71

$321.4M

INTUINTUIT INCInformation Technology

3.3%-1.0%

Reduced15.3%

221,236

$662.42

$146.6M

Ticker unavailableASML HOLDING N VUnclassified

3.1%+0.1%

Increased0.5%

126,242

$1069.86

$135.1M

MSCIMSCI INCConsumer Discretionary

0.8%

Increased1.8%

60,770

$573.73

$34.9M

EFXEQUIFAX INCConsumer Discretionary

0.7%-0.2%

Increased1.6%

146,352

$216.98

$31.8M