Reported portfolio
Dev Kantesaria
Valley Forge Capital Management, LP
Last update 2026-08-14
- Reported portfolio value
- $3,116,388,000
- Current positions
- 7
- Top five concentration
- 93.3%
- Largest position
- 25.8%
- New positions
- 0
- Closed positions
- 0
Reported holdings
7 positions
| Company | Portfolio | Recent activity | Shares | Reported price | Reported value | Updated / source |
|---|---|---|---|---|---|---|
FICO FAIR ISAAC CORP | 25.77% | Reduced 12.6% | 672,186−97,156 | $1,195 | $803,114,000−$18,189,000 | 13F2026-06-30 ↗ |
SPGI S&P GLOBAL INC | 19.92% | Reduced 13.3% | 1,524,036−234,038 | $407 | $620,679,000−$127,100,000 | 13F2026-06-30 ↗ |
MCO MOODYS CORP | 19.14% | Unchanged | 1,317,188 | $453 | $596,581,000+$21,958,000 | 13F2026-06-30 ↗ |
MA MASTERCARD INCORPORATED | 17.57% | Reduced 28.3% | 1,065,934−421,562 | $514 | $547,464,000−$195,779,000 | 13F2026-06-30 ↗ |
ASML ASML HLDG NV | 10.92% | Unchanged | 171,083 | $1,989 | $340,359,000+$114,388,000 | 13F2026-06-30 ↗ |
V VISA INC | 5.10% | Reduced 22.7% | 462,978−135,775 | $343 | $158,843,000−$22,124,000 | 13F2026-06-30 ↗ |
INTU INTUIT | 1.58% | Unchanged | 189,072 | $261 | $49,348,000−$32,403,000 | 13F2026-06-30 ↗ |
Reported price is calculated from the reported value and share count. It is not the investor's actual purchase price.
Filing history
Historical holdings
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| FICO | FAIR ISAAC CORP | 25.77% | 672,186 | $803,114,000 |
| SPGI | S&P GLOBAL INC | 19.92% | 1,524,036 | $620,679,000 |
| MCO | MOODYS CORP | 19.14% | 1,317,188 | $596,581,000 |
| MA | MASTERCARD INCORPORATED | 17.57% | 1,065,934 | $547,464,000 |
| ASML | ASML HLDG NV | 10.92% | 171,083 | $340,359,000 |
| V | VISA INC | 5.10% | 462,978 | $158,843,000 |
| INTU | INTUIT | 1.58% | 189,072 | $49,348,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| FICO | FAIR ISAAC CORP | 24.33% | 769,342 | $821,303,000 |
| SPGI | S&P GLOBAL INC | 22.15% | 1,758,074 | $747,779,000 |
| MA | MASTERCARD INCORPORATED | 22.02% | 1,487,496 | $743,242,000 |
| MCO | MOODYS CORP | 17.02% | 1,317,188 | $574,623,000 |
| ASML | ASML HOLDING N V | 6.69% | 171,083 | $225,972,000 |
| V | VISA INC | 5.36% | 598,753 | $180,967,000 |
| INTU | INTUIT | 2.42% | 189,072 | $81,751,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| FICO | FAIR ISAAC CORP | 29.49% | 769,424 | $1,300,804,000 |
| SPGI | S&P GLOBAL INC | 20.83% | 1,758,179 | $918,807,000 |
| MA | MASTERCARD INCORPORATED | 19.25% | 1,487,409 | $849,132,000 |
| MCO | MOODYS CORP | 15.25% | 1,317,292 | $672,939,000 |
| V | VISA INC | 7.29% | 916,410 | $321,394,000 |
| INTU | INTUIT | 3.32% | 221,236 | $146,551,000 |
| ASML | ASML HOLDING N V | 3.06% | 126,242 | $135,061,000 |
| MSCI | MSCI INC | 0.79% | 60,770 | $34,866,000 |
| EFX | EQUIFAX INC | 0.72% | 146,352 | $31,755,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| FICO | FAIR ISAAC CORP | 27.66% | 768,422 | $1,149,967,000 |
| SPGI | S&P GLOBAL INC | 20.55% | 1,755,098 | $854,224,000 |
| MA | MASTERCARD INCORPORATED | 20.32% | 1,484,772 | $844,553,000 |
| MCO | MOODYS CORP | 15.06% | 1,314,144 | $626,163,000 |
| V | VISA INC | 7.49% | 912,017 | $311,344,000 |
| INTU | INTUIT | 4.29% | 261,097 | $178,306,000 |
| ASML | ASML HOLDING N V | 2.93% | 125,627 | $121,618,000 |
| EFX | EQUIFAX INC | 0.89% | 144,000 | $36,940,000 |
| MSCI | MSCI INC | 0.81% | 59,700 | $33,874,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| FICO | FAIR ISAAC CORP | 31.03% | 768,422 | $1,404,645,000 |
| SPGI | S&P GLOBAL INC | 20.44% | 1,755,098 | $925,446,000 |
| MA | MASTERCARD INCORPORATED | 18.43% | 1,484,772 | $834,353,000 |
| MCO | MOODYS CORP | 14.56% | 1,314,144 | $659,161,000 |
| V | VISA INC | 7.15% | 912,017 | $323,812,000 |
| INTU | INTUIT | 4.58% | 263,312 | $207,392,000 |
| ASML | ASML HOLDING N V | 2.22% | 125,627 | $100,676,000 |
| EFX | EQUIFAX INC | 0.82% | 144,000 | $37,349,000 |
| MSCI | MSCI INC | 0.76% | 59,700 | $34,431,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| FICO | FAIR ISAAC CORP | 32.29% | 768,422 | $1,417,093,000 |
| SPGI | S&P GLOBAL INC | 20.32% | 1,755,098 | $891,765,000 |
| MA | MASTERCARD INCORPORATED | 18.54% | 1,484,772 | $813,833,000 |
| MCO | MOODYS CORP | 13.94% | 1,314,144 | $611,984,000 |
| V | VISA INC | 7.28% | 912,017 | $319,625,000 |
| INTU | INTUIT | 4.16% | 297,360 | $182,576,000 |
| ASML | ASML HOLDING N V | 1.90% | 125,627 | $83,244,000 |
| EFX | EQUIFAX INC | 0.80% | 144,000 | $35,073,000 |
| MSCI | MSCI INC | 0.77% | 59,700 | $33,760,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| FICO | FAIR ISAAC CORP | 34.39% | 784,122 | $1,561,132,000 |
| SPGI | S&P GLOBAL INC | 19.25% | 1,755,098 | $874,091,000 |
| MA | MASTERCARD INCORPORATED | 17.22% | 1,484,772 | $781,836,000 |
| MCO | MOODYS CORP | 13.70% | 1,314,144 | $622,076,000 |
| V | VISA INC | 6.35% | 912,017 | $288,234,000 |
| INTU | INTUIT | 5.57% | 402,281 | $252,834,000 |
| ASML | ASML HOLDING N V | 1.92% | 125,627 | $87,070,000 |
| EFX | EQUIFAX INC | 0.81% | 144,000 | $36,698,000 |
| MSCI | MSCI INC | 0.79% | 59,700 | $35,821,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| FICO | FAIR ISAAC CORP | 34.93% | 808,793 | $1,571,905,000 |
| SPGI | S&P GLOBAL INC | 19.58% | 1,705,898 | $881,301,000 |
| MA | MASTERCARD INCORPORATED | 16.29% | 1,484,772 | $733,180,000 |
| MCO | MOODYS CORP | 13.59% | 1,288,444 | $611,483,000 |
| INTU | INTUIT | 6.14% | 444,881 | $276,271,000 |
| V | VISA INC | 5.57% | 912,017 | $250,759,000 |
| ASML | ASML HOLDING N V | 2.33% | 125,627 | $104,679,000 |
| — | ASPEN TECHNOLOGY INC | 1.57% | 295,485 | $70,568,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| FICO | FAIR ISAAC CORP | 33.78% | 877,748 | $1,306,668,000 |
| SPGI | S&P GLOBAL INC | 19.09% | 1,655,561 | $738,380,000 |
| MA | MASTERCARD INCORPORATED | 16.94% | 1,484,772 | $655,022,000 |
| MCO | MOODYS CORP | 13.26% | 1,218,410 | $512,865,000 |
| INTU | INTUIT | 7.56% | 444,881 | $292,380,000 |
| V | VISA INC | 6.19% | 912,017 | $239,377,000 |
| ASML | ASML HOLDING N V | 1.66% | 62,903 | $64,333,000 |
| — | ASPEN TECHNOLOGY INC | 1.52% | 295,485 | $58,692,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| FICO | FAIR ISAAC CORP | 30.02% | 880,748 | $1,100,592,000 |
| MA | MASTERCARD INCORPORATED | 19.50% | 1,484,772 | $715,022,000 |
| SPGI | S&P GLOBAL INC | 19.21% | 1,655,561 | $704,358,000 |
| MCO | MOODYS CORP | 13.06% | 1,218,410 | $478,872,000 |
| INTU | INTUIT | 7.89% | 444,881 | $289,173,000 |
| V | VISA INC | 6.94% | 912,017 | $254,526,000 |
| — | ASPEN TECHNOLOGY INC | 1.72% | 295,485 | $63,021,000 |
| ASML | ASML HOLDING N V | 1.66% | 62,903 | $61,045,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| FICO | FAIR ISAAC CORP | 29.89% | 903,587 | $1,051,784,000 |
| SPGI | S&P GLOBAL INC | 20.73% | 1,655,561 | $729,308,000 |
| MA | MASTERCARD INCORPORATED | 18.00% | 1,484,772 | $633,270,000 |
| MCO | MOODYS CORP | 13.52% | 1,218,410 | $475,862,000 |
| INTU | INTUIT | 7.90% | 444,881 | $278,064,000 |
| V | VISA INC | 6.75% | 912,017 | $237,444,000 |
| — | ASPEN TECHNOLOGY INC | 1.85% | 295,485 | $65,051,000 |
| ASML | ASML HOLDING N V | 1.35% | 62,903 | $47,613,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| FICO | FAIR ISAAC CORP | 27.94% | 943,048 | $819,065,000 |
| SPGI | S&P GLOBAL INC | 20.64% | 1,655,561 | $604,959,000 |
| MA | MASTERCARD INCORPORATED | 20.11% | 1,489,102 | $589,550,000 |
| MCO | MOODYS CORP | 13.14% | 1,218,410 | $385,225,000 |
| INTU | INTUIT | 7.75% | 444,881 | $227,307,000 |
| V | VISA INC | 7.10% | 904,977 | $208,154,000 |
| — | ASPEN TECHNOLOGY INC | 2.06% | 295,485 | $60,356,000 |
| ASML | ASML HOLDING N V | 1.26% | 62,903 | $37,028,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| FICO | FAIR ISAAC CORP | 25.87% | 943,048 | $763,124,000 |
| SPGI | S&P GLOBAL INC | 22.50% | 1,655,561 | $663,698,000 |
| MA | MASTERCARD INCORPORATED | 19.85% | 1,489,102 | $585,664,000 |
| MCO | MOODYS CORP | 14.36% | 1,218,410 | $423,666,000 |
| V | VISA INC | 7.29% | 904,977 | $214,914,000 |
| INTU | INTUIT | 6.91% | 444,881 | $203,840,000 |
| — | ASPEN TECHNOLOGY INC | 1.68% | 295,485 | $49,526,000 |
| ASML | ASML HOLDING N V | 1.55% | 62,903 | $45,589,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| FICO | FAIR ISAAC CORP | 25.09% | 943,048 | $662,670,000 |
| MA | MASTERCARD INCORPORATED | 20.49% | 1,489,102 | $541,155,000 |
| SPGI | S&P GLOBAL INC | 18.18% | 1,392,653 | $480,145,000 |
| MCO | MOODYS CORP | 14.12% | 1,218,410 | $372,858,000 |
| V | VISA INC | 7.73% | 904,977 | $204,036,000 |
| INTU | INTUIT | 7.51% | 444,881 | $198,341,000 |
| ADBE | ADOBE SYSTEMS INCORPORATED | 3.59% | 246,305 | $94,919,000 |
| ADSK | AUTODESK INC | 1.77% | 224,034 | $46,635,000 |
| — | ASPEN TECHNOLOGY INC | 1.52% | 175,485 | $40,163,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| FICO | FAIR ISAAC CORP | 23.41% | 963,048 | $576,461,000 |
| MA | MASTERCARD INCORPORATED | 21.96% | 1,555,667 | $540,952,000 |
| SPGI | S&P GLOBAL INC | 18.94% | 1,392,653 | $466,455,000 |
| MCO | MOODYS CORP | 13.78% | 1,218,410 | $339,473,000 |
| V | VISA INC | 8.48% | 1,004,777 | $208,752,000 |
| AMZN | AMAZON COM INC | 3.77% | 1,105,393 | $92,853,000 |
| ADBE | ADOBE SYSTEMS INCORPORATED | 3.37% | 246,305 | $82,889,000 |
| INTU | INTUIT | 3.13% | 198,071 | $77,093,000 |
| ADSK | AUTODESK INC | 1.70% | 224,034 | $41,865,000 |
| — | ASPEN TECHNOLOGY INC | 1.46% | 175,485 | $36,045,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| MA | MASTERCARD INCORPORATED | 21.24% | 1,574,417 | $447,670,000 |
| FICO | FAIR ISAAC CORP | 18.83% | 963,048 | $396,785,000 |
| SPGI | S&P GLOBAL INC | 18.77% | 1,295,275 | $395,512,000 |
| MCO | MOODYS CORP | 13.37% | 1,159,004 | $281,765,000 |
| AMZN | AMAZON COM INC | 8.76% | 1,634,300 | $184,676,000 |
| V | VISA INC | 8.21% | 973,477 | $172,938,000 |
| INTU | INTUIT | 3.64% | 198,071 | $76,717,000 |
| ADBE | ADOBE SYSTEMS INCORPORATED | 3.22% | 246,305 | $67,783,000 |
| ADSK | AUTODESK INC | 1.99% | 224,034 | $41,850,000 |
| — | ASPEN TECHNOLOGY INC | 1.98% | 175,485 | $41,801,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| MA | MASTERCARD INCORPORATED | 22.21% | 1,574,417 | $496,697,000 |
| SPGI | S&P GLOBAL INC | 19.52% | 1,295,275 | $436,585,000 |
| FICO | FAIR ISAAC CORP | 17.26% | 963,048 | $386,086,000 |
| MCO | MOODYS CORP | 14.10% | 1,159,004 | $315,214,000 |
| V | VISA INC | 8.57% | 973,477 | $191,668,000 |
| AMZN | AMAZON COM INC | 7.76% | 1,634,300 | $173,579,000 |
| ADBE | ADOBE SYSTEMS INCORPORATED | 4.03% | 246,305 | $90,162,000 |
| INTU | INTUIT | 3.38% | 196,071 | $75,574,000 |
| ADSK | AUTODESK INC | 1.72% | 224,034 | $38,525,000 |
| — | ASPEN TECHNOLOGY INC | 1.44% | 175,485 | $32,233,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| MA | MASTERCARD INCORPORATED | 20.96% | 1,541,857 | $551,029,000 |
| SPGI | S&P GLOBAL INC | 18.56% | 1,189,361 | $487,852,000 |
| FICO | FAIR ISAAC CORP | 15.95% | 899,130 | $419,408,000 |
| MCO | MOODYS CORP | 13.87% | 1,080,881 | $364,700,000 |
| AMZN | AMAZON COM INC | 10.13% | 81,715 | $266,387,000 |
| V | VISA INC | 8.21% | 973,477 | $215,888,000 |
| ADBE | ADOBE SYSTEMS INCORPORATED | 4.27% | 246,305 | $112,221,000 |
| INTU | INTUIT | 3.59% | 196,071 | $94,279,000 |
| AZPNUSD | ASPEN TECHNOLOGY INC | 2.63% | 417,823 | $69,095,000 |
| ADSK | AUTODESK INC | 1.83% | 224,034 | $48,022,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| SPGI | S&P GLOBAL INC | 19.86% | 1,112,913 | $525,217,000 |
| MA | MASTERCARD INCORPORATED | 19.58% | 1,440,698 | $517,672,000 |
| MCO | MOODYS CORP | 15.18% | 1,027,734 | $401,412,000 |
| FICO | FAIR ISAAC CORP | 14.67% | 894,482 | $387,910,000 |
| AMZN | AMAZON COM INC | 10.30% | 81,715 | $272,466,000 |
| V | VISA INC | 7.65% | 933,397 | $202,276,000 |
| ADBE | ADOBE SYSTEMS INCORPORATED | 5.28% | 246,305 | $139,670,000 |
| INTU | INTUIT | 4.77% | 196,071 | $126,117,000 |
| ADSK | AUTODESK INC | 2.70% | 253,608 | $71,312,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| SPGI | S&P GLOBAL INC | 21.55% | 1,276,544 | $542,391,000 |
| MA | MASTERCARD INCORPORATED | 19.08% | 1,381,123 | $480,189,000 |
| MCO | MOODYS CORP | 16.31% | 1,156,246 | $410,595,000 |
| FICO | FAIR ISAAC CORP | 11.46% | 724,711 | $288,384,000 |
| AMZN | AMAZON COM INC | 10.56% | 80,915 | $265,809,000 |
| V | VISA INC | 8.98% | 1,015,303 | $226,159,000 |
| INTU | INTUIT | 4.61% | 215,221 | $116,114,000 |
| ADBE | ADOBE SYSTEMS INCORPORATED | 4.58% | 200,077 | $115,188,000 |
| ADSK | AUTODESK INC | 2.87% | 253,608 | $72,321,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| SPGI | S&P GLOBAL INC | 20.29% | 1,272,544 | $522,316,000 |
| MA | MASTERCARD INCORPORATED | 19.19% | 1,352,814 | $493,899,000 |
| MCO | MOODYS CORP | 16.26% | 1,155,246 | $418,626,000 |
| FICO | FAIR ISAAC CORP | 13.11% | 671,509 | $337,554,000 |
| AMZN | AMAZON COM INC | 10.52% | 78,715 | $270,792,000 |
| V | VISA INC | 9.22% | 1,015,303 | $237,398,000 |
| ADBE | ADOBE SYSTEMS INCORPORATED | 4.42% | 194,189 | $113,725,000 |
| INTU | INTUIT | 4.10% | 215,221 | $105,495,000 |
| ADSK | AUTODESK INC | 2.88% | 253,608 | $74,028,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| MA | MASTERCARD INCORPORATED | 22.61% | 1,342,158 | $477,875,000 |
| SPGI | S&P GLOBAL INC | 21.24% | 1,272,544 | $449,043,000 |
| MCO | MOODYS CORP | 16.32% | 1,155,246 | $344,968,000 |
| FICO | FAIR ISAAC CORP | 15.31% | 666,001 | $323,710,000 |
| V | VISA INC | 10.17% | 1,015,303 | $214,970,000 |
| ADBE | ADOBE SYSTEMS INCORPORATED | 4.21% | 187,189 | $88,984,000 |
| INTU | INTUIT | 3.90% | 215,221 | $82,443,000 |
| ADSK | AUTODESK INC | 3.32% | 253,508 | $70,260,000 |
| AZPNUSD | ASPEN TECHNOLOGY INC | 2.64% | 387,202 | $55,885,000 |
| AMZN | AMAZON COM INC | 0.27% | 1,842 | $5,699,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| MA | MASTERCARD INCORPORATED | 22.43% | 676,614 | $241,511,000 |
| SPGI | S&P GLOBAL INC | 19.71% | 645,541 | $212,209,000 |
| FICO | FAIR ISAAC CORP | 16.44% | 346,278 | $176,962,000 |
| MCO | MOODYS CORP | 16.00% | 593,529 | $172,266,000 |
| V | VISA INC | 10.93% | 538,122 | $117,703,000 |
| INTU | INTUIT | 4.08% | 115,741 | $43,964,000 |
| ADSK | AUTODESK INC | 3.90% | 137,624 | $42,022,000 |
| ADBE | ADOBE SYSTEMS INCORPORATED | 3.74% | 80,500 | $40,260,000 |
| AZPNUSD | ASPEN TECHNOLOGY INC | 2.45% | 202,266 | $26,345,000 |
| AMZN | AMAZON COM INC | 0.30% | 1,000 | $3,257,000 |
| Ticker | Company | Portfolio | Shares | Reported value |
|---|---|---|---|---|
| SPGI | S&P GLOBAL INC | 24.81% | 633,998 | $228,620,000 |
| MCO | MOODYS CORP | 18.51% | 588,529 | $170,585,000 |
| MA | MASTERCARD INCORPORATED | 16.32% | 444,650 | $150,367,000 |
| FICO | FAIR ISAAC CORP | 15.71% | 340,278 | $144,747,000 |
| V | VISA INC | 10.48% | 482,922 | $96,570,000 |
| INTU | INTUIT | 4.10% | 115,741 | $37,756,000 |
| ADBE | ADOBE SYSTEMS INCORPORATED | 3.80% | 71,500 | $35,066,000 |
| ADSK | AUTODESK INC | 3.45% | 137,624 | $31,793,000 |
| AZPNUSD | ASPEN TECHNOLOGY INC | 2.49% | 181,266 | $22,946,000 |
| AMZN | AMAZON COM INC | 0.34% | 1,000 | $3,149,000 |
Investor background
Dev Kantesaria
“The error that I see many people make is to sacrifice business quality for valuation.”
Dev Kantesaria is the founder and managing partner of Valley Forge Capital Management, a concentrated public-equity investment firm established in 2007. He studied biology at MIT and graduated from Harvard Medical School, but decided against practising medicine after discovering that his deeper interest lay in businesses and investing. He subsequently spent two years at McKinsey and approximately eighteen years in venture capital before launching Valley Forge with about $300,000 of capital from family and friends.
Kantesaria follows a highly selective interpretation of the Buffett–Munger approach. Valley Forge seeks “compounding machines”: capital-light monopolies or oligopolies with secular volume growth, pricing power, operating leverage, predictable free cash flow and limited dependence on exceptional management. Its investable universe may contain only about fifty companies worldwide, and the firm is unwilling to dilute its best ideas merely to appear diversified.
Kantesaria qualifies as a super investor because he combines a long record, exceptional concentration and a clearly observable decision process. Valley Forge often owns fewer than ten securities and rarely more than twenty. Its best-known investments—including S&P Global, Moody’s, Mastercard, Visa, Fair Isaac and ASML—reflect a consistent preference for businesses embedded in essential economic infrastructure. Multiple public interviews report that the firm has substantially outperformed the S&P 500 since inception, although a complete audited, fee-adjusted public return series is unavailable.
His principal advantage is disciplined exclusion. Kantesaria prioritises predictability over exciting narratives, refuses to sacrifice quality for a low valuation and may study a company for seven to ten years before investing. He even avoids biotechnology and pharmaceuticals despite his medical and venture-capital expertise because their long-term earnings are insufficiently predictable for his standards.
- Valley Forge Capital Management — SEC Form ADV ↗
- SEC EDGAR — Valley Forge Capital Management Filings ↗
- Good Investing Talks — Dev Kantesaria on Quality Investing ↗
- The Investor’s Podcast — Buffett’s Core Principles with Dev Kantesaria ↗
- The Investor’s Podcast — Investing in Exceptional Businesses for the Long Run ↗
- Barron’s — How This Hedge Fund Beats the S&P 500 With Quality Stocks ↗