Dev Kantesaria

Net selling

Valley Forge Capital Management, LP — managed by Dev Kantesaria; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-03-31 (filed 2026-05-15) · Source: SEC EDGAR

Portfolio value$3.38B（−23%）

Holdings7（−2）

Reporting quarterQ1 2026

Top holdingFair Isaac Corp

Portfolio overview

Valley Forge Capital Management, LP's most recent 13F filing, for the quarter ended 2026-03-31, reports 7 positions worth $3.38B. The top 5 holdings represent 92% of that value, a concentrated portfolio.

The single largest position is Fair Isaac Corp at 24.3% of the portfolio, followed by S&P Global Inc at 22.2% and Mastercard Incorporated at 22.0%.

Against the prior quarter, Dev Kantesaria opened 0 new positions, exited 2, added to 2, and trimmed 5. The most notable sale was the full exit from Equifax Inc.

Across all 8 quarters on file, Fair Isaac Corp has appeared in every filing, as has S&P Global Inc. Fair Isaac Corp currently ranks first by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

High-conviction

Mastercard IncorporatedMABig new buy

Big add last quarter — 22.0% of the book.

Asml Holding N VASMLBig new buy

Big add last quarter — 6.7% of the book.

Fair Isaac CorpFICOCore · 8q

A core position held 8 quarters running.

Strike-zone picks

None of Dev Kantesaria's tracked holdings are in the strike zone right now.

Valuation as of 2026-07-02; method: conservative Greenwald value band + Owner-Earnings DCF. Position observation, not advice.

Next · is it cheap

Dev Kantesaria has no positions in the strike zone right now.

Browse the whole market by value band

Holdings

Security	Value	Valuation	Holders	Shares	Weight (prev→now)
Fair Isaac CorpFICO	$821.3M	Above value	7	769,342	29.5% → 24.3% ▼
S&P Global IncSPGI	$747.8M	Above value	13	1,758,074	20.8% → 22.2% ▼
Mastercard IncorporatedMA	$743.2M	Above value	18	1,487,496	19.2% → 22.0% ▲
Moodys CorpMCO	$574.6M	Above value	16	1,317,188	15.3% → 17.0% ▼
Asml Holding N VASML	$226.0M	—	9	171,083	3.1% → 6.7% ▲
Visa IncV	$181.0M	—	26	598,753	7.3% → 5.4% ▼
IntuitINTU	$81.8M	Above value	9	189,072	3.3% → 2.4% ▼

Fair Isaac CorpFICO
Value$821.3MValuationAbove valueHolders7Weight (prev→now)29.5% → 24.3% ▼
S&P Global IncSPGI
Value$747.8MValuationAbove valueHolders13Weight (prev→now)20.8% → 22.2% ▼
Mastercard IncorporatedMA
Value$743.2MValuationAbove valueHolders18Weight (prev→now)19.2% → 22.0% ▲
Moodys CorpMCO
Value$574.6MValuationAbove valueHolders16Weight (prev→now)15.3% → 17.0% ▼
Asml Holding N VASML
Value$226.0MValuation—Holders9Weight (prev→now)3.1% → 6.7% ▲
Visa IncV
Value$181.0MValuation—Holders26Weight (prev→now)7.3% → 5.4% ▼
IntuitINTU
Value$81.8MValuationAbove valueHolders9Weight (prev→now)3.3% → 2.4% ▼

Exited this quarter (2)Msci Inc、Equifax Inc

Sources· SEC EDGAR 13F as of 2026-03-31 · filed 2026-05-15

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