Stock Market Analysis Report - Valley Forge Capital Management Changes Holdings, Boosting Total Value by 18.2%

The third quarter of 2022 saw significant changes in the holdings of Valley Forge Capital Management, LP, as per their recently released 13F filings. The most notable change is the sharp increase in the value of their portfolio, which rose from $2,226,017 in Q3 to $2,631,060 in Q4 - a staggering 18.2% increase. In this blog post, we'll dive into the details of these changes and what they might mean for investors.

FICO - Fair Isaac Corp

Valley Forge Capital Management held firm on their position in Fair Isaac Corp., maintaining their stake at 963,048 shares across both quarters. The value of the position, however, saw a significant increase over the period, rising from $396,785 in Q3 to $576,461 in Q4 - a 45.3% increase in just three months.

MA - Mastercard Incorporated

In Mastercard Incorporated, Valley Forge trimmed their position by 18,750 shares, going from 1,574,417 in Q3 to 1,555,667 in Q4. Despite this reduction, the value of the holding increased from $447,670 to $540,952 over the same period - a 20.8% rise.

SPGI - S&P Global Inc

Valley Forge Capital Management also increased their position in S&P Global Inc. between Q3 and Q4. The fund added 130,378 shares in this time, bringing the total to 1,392,653. The value of the holding rose accordingly, going from $395,512 to $466,455 - a 17.9% increase.

MCO - Moody's Corp

Moody's Corp saw a similar increase in holdings from Valley Forge between Q3 and Q4, with the fund adding 59,406 shares to their position, bringing the total to 1,218,410. The value of the holding also rose from $281,765 to $339,473 - a 20.5% increase.

V - Visa Inc

Valley Forge increased their position in Visa Inc. by 31,300 shares, going from 973,477 in Q3 to 1,004,777 in Q4. The value of the position also increased from $172,938 to $208,752 - a 20.7% rise.

AMZN - Amazon.com Inc

Amazon.com Inc. was the only holding that saw a decrease in both the number of shares held and the total value of the position for Valley Forge. The fund sold off a portion of their stake in the e-commerce giant, going from 1,634,300 shares in Q3 to 1,105,393 shares in Q4 - a 32.3% reduction. The value of the position correspondingly dropped from $184,676 to $92,853 - a 49.7% decrease.

ADBE - Adobe Systems Incorporated

Adobe Systems Incorporated saw Valley Forge hold the same number of shares across both quarters, at 246,305. However, the value of the position rose from $67,783 to $82,889, a 22.3% increase.

INTU - Intuit

Much like Adobe, Valley Forge retained their position of 198,071 shares in Intuit across Q3 and Q4. The value of the position remained relatively stable as well, only changing from $76,717 to $77,093 - a 0.5% increase.

ADSK - Autodesk Inc

Valley Forge once again retained their position in Autodesk Inc, holding firm at 224,034 shares across both quarters. The value of the holding similarly remained unchanged, staying at $41,850 over the period.

AZPN - Aspen Technology Inc

Finally, in Aspen Technology Inc, Valley Forge reduced their position by 15,441 shares, going from 175,485 shares in Q3 to 160,044 shares in Q4. The value of the holding fell accordingly, dropping from $41,801 to $36,044 - a 13.8% decrease.

Conclusion

Overall, Valley Forge Capital Management made a range of changes to their holdings over Q3 and Q4 of 2022. With the notable exception of Amazon.com Inc., the fund increased their overall value by a significant margin - an impressive 18.2%. With these changes in mind, investors may wish to keep a close eye on Valley Forge's strategy in the coming months and consider the implications for their own portfolios.