Dev Kantesaria's Top Holdings: Analysis of Valley Forge Capital Management Portfolio as of March 31, 2026

Valley Forge Capital Management's Dev Kantesaria maintains a substantial portfolio allocation in several key companies as of March 31, 2026. The top holdings reflect a focus on established players in the Technology and Financial Services sectors, with FICO leading the portfolio allocation at 24.33%. Below is a detailed breakdown of these significant positions:

Dev Kantesaria, managing Director at Valley Forge Capital Management, has shown a preference for large-cap technology and financial services companies. The portfolio's top holdings demonstrate a strategic allocation to sectors driving economic value, with Technology and Financial Services combined representing the core of the top six positions.

FICO (FAIR ISAAC CORP) stands as the largest position in the portfolio, accounting for 24.33% of the total value. Kantesaria's stake in FICO has seen a modest increase, with a 0.12% share change from the prior period, indicating continued confidence in this data analytics leader.

S&P GLOBAL INC (SPGI) is the second-largest holding, representing 22.15% of the portfolio. Kantesaria's position in this diversified financial information, data analytics, and benchmarking services provider has also increased slightly, with a 0.17% share change over the past reporting period.

MASTERCARD INCORPORATED (MA) follows closely with a 22.02% allocation. Kantesaria's stake in this global payment technology company has similarly increased by 0.18% during the period.

MOODYS CORP (MCO) holds the fourth position with a 17.02% allocation. Kantesaria's investment in this credit rating agency has also seen a positive change, with a 0.23% share increase.

ASML HOLDING N V (ASML) represents a significant 6.69% allocation, despite being outside the traditional Technology/Fintech focus of the other top holdings. Kantesaria's position in this leading semiconductor equipment manufacturer has experienced substantial growth, with a 36.18% increase in shares during the period.

Visa Inc. (V) is positioned fifth with a 5.36% allocation. Notably, Kantesaria's stake in this global digital payments company has decreased, with a 34.35% reduction in shares during the reporting period.

INTUIT (INTU) completes the top seven holdings with a 2.42% allocation. Kantesaria's position in this leading cloud-based business software provider for small businesses and accounting professionals has also decreased, with a 27.59% reduction in shares.

Overall, Kantesaria's portfolio demonstrates a concentration in high-quality, established companies across both Technology and Financial Services sectors. While the largest holdings show modest growth, the significant increase in ASML and the substantial declines in Visa and Intuit highlight the dynamic nature of this investment strategy.