Dev Kantesaria's Q1 2026 Portfolio Activity: Strategic Shifts in Tech and Financial Services

Valley Forge Capital Management's Dev Kantesaria saw substantial changes in their portfolio during the first quarter of 2026, as indicated by the latest filing data. The total portfolio value stood at $3.38 billion as of March 31, 2026.

The investor demonstrated a clear preference for established large-cap names, with the top five holdings accounting for approximately 92% of the portfolio. Financial Services and Technology sectors were the primary focus, represented by major players like S&P Global (SPGI), Moody's (MCO), Mastercard (MA), Visa (V), and FICO (FICO).

Several notable purchases occurred during this period. The most significant buying activity was observed in ASML Holding N.V. (ASML), where the number of shares increased by a substantial 36.18%. This semiconductor equipment leader now represents about 6.69% of the portfolio. Additionally, Moody's (MCO) saw a significant increase of 0.23% in its portfolio allocation, bringing its percentage up to 17.02%.

Conversely, the investor reduced exposure in several key holdings. Visa (V) experienced a sharp decline, with shares decreasing by 34.35% and its portfolio allocation dropping to 5.36%. Similarly, Intuit (INTU) saw a substantial reduction, with a 27.59% decrease in shares and its allocation falling to 2.42%. FICO (FICO) also showed a modest decrease of 0.12% in its allocation.

No new positions were disclosed in this filing, and there is no indication of any fully exited positions based on the top holdings data provided.

For more detailed information on Dev Kantesaria's investment activities, you can visit their profile on Insiderset: https://www.insiderset.com/investor/dev-kantesaria-valley-forge-capital-management. To explore the specific companies in their portfolio, such as FICO, S&P Global, Mastercard, Moody's, ASML, Visa, and Intuit, please refer to their respective company pages on Insiderset.