Holders — by stockHoldings — by fund

Valley Forge Capital Management, LP

Everything this manager disclosed owning in US-listed stocks — its complete Form 13F portfolio · as of 2026-06-30 · filed with the SEC up to 45 days after quarter end · CIK 0001697868

$3.12B

disclosed book value

positions

25.8%

largest position share

Positions, as of 2026-06-30

top 7 of 7 · 13F covers long US-listed positions only — cash, bonds, private and foreign stakes are not disclosed · PUT/CALL tags = options positions (share-equivalents), not shares held

#	Issuer	Shares	Value	% of book
1	FICOFAIR ISAAC CORP	672,186	$803.1M	25.8%
2	SPGIS&P GLOBAL INC	1.5M	$620.7M	19.9%
3	MCOMOODYS CORP	1.3M	$596.6M	19.1%
4	MAMASTERCARD INCORPORATED	1.1M	$547.5M	17.6%
5	ASMLASML HLDG NV	171,083	$340.4M	10.9%
6	VVISA INC	462,978	$158.8M	5.1%
7	INTUINTUIT	189,072	$49.3M	1.6%

Source: SEC Form 13F-HR, reporting period 2026-06-30. Values are the manager's filed June-30-style quarter-end marks, not live prices. Research, not investment advice.