Dev Kantesaria - Valley Forge Capital Management 13F Activity & Position Changes (Q4 2025)

According to the SEC 13F filed on Feb 17, 2026, the Valley Forge Capital Management portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q4 2025, the filing reported:

New Buys - None reported

Increases - ASML, Equifax, Inc., Fair Isaac Corporation, Mastercard Incorporated, Moody's Corporation, and 3 more

Reductions - Intuit Inc.

Complete Exits - None reported

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q4 2025	ASML ASML	ASML	Buy	+615	+0.5%	$135.06M	126,242
Q4 2025	EFX Equifax, Inc.	Equifax, Inc.	Buy	+2,352	+1.6%	$31.76M	146,352
Q4 2025	FICO Fair Isaac Corporation	Fair Isaac Corporation	Buy	+1,002	+0.1%	$1.30B	769,424
Q4 2025	INTU Intuit Inc.	Intuit Inc.	Sell	-39,861	-15.3%	$146.55M	221,236
Q4 2025	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+2,637	+0.2%	$849.13M	1,487,409
Q4 2025	MCO Moody's Corporation	Moody's Corporation	Buy	+3,148	+0.2%	$672.94M	1,317,292
Q4 2025	MSCI MSCI Inc.	MSCI Inc.	Buy	+1,070	+1.8%	$34.87M	60,770
Q4 2025	SPGI S&P Global Inc.	S&P Global Inc.	Buy	+3,081	+0.2%	$918.81M	1,758,179
Q4 2025	V Visa Inc.	Visa Inc.	Buy	+4,393	+0.5%	$321.39M	916,410