Dev Kantesaria Valley Forge Capital Management
Dev Kantesaria is the founder of Valley Forge Capital Management, known for an extremely concentrated portfolio of high-quality compounders. The firm’s 13F disclosures typically show a short list of businesses with strong pricing power and multi-year holding periods. Investors follow Valley Forge as a pure-play example of quality-growth concentration rather than broad diversification.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Monster Beverage
MNST
|
+$2.89M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 69.09% |
| 2 | Consumer Staples | 18.75% |
| 3 | Consumer Discretionary | 5.43% |
| 4 | Technology | 5.28% |
| 5 | Miscellaneous | 1.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Moody's
MCO
$87.2B
| $39.4M | 30.64% |
351,415
| – | – |
2016 Q4
1 quarter
|
|
2
S&P Global
SPGI
$136B
| $38.2M | 29.73% |
292,209
| – | – |
2016 Q4
1 quarter
|
|
|
3
Monster Beverage
MNST
$89.5B
| $24.1M | 18.75% |
2,086,980
+258,284
| +14% | +$2.89M |
2016 Q4
1 quarter
|
|
4
Visa
V
$789B
| $7.29M | 5.67% |
82,000
| – | – |
2016 Q4
1 quarter
|
|
5
Nike
NKE
$57.3B
| $6.97M | 5.43% |
125,084
| – | – |
2016 Q4
1 quarter
|
|
6
Intuit
INTU
$91.3B
| $6.78M | 5.28% |
58,500
| – | – |
2016 Q4
1 quarter
|
|
7
Mastercard
MA
$569B
| $3.91M | 3.04% |
34,750
| – | – |
2016 Q4
1 quarter
|
|
8
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $1.87M | 1.45% |
31,713
| – | – |
2016 Q4
1 quarter
|
|
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Dev Kantesaria's Q1 2017 Portfolio in Review
As of Q1 2017, Dev Kantesaria held 8 positions worth $128M, up 17% from $110M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Trading was light in Q1 2017: portfolio turnover was 0%. Dev Kantesaria opened no new positions and made no exits, leaving the 8-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 69% of assets, up from 68% a quarter earlier, followed by Consumer Staples and Consumer Discretionary.
- Dev Kantesaria added most to Monster Beverage in Q1 2017, an estimated $2.89M increase.
- Dev Kantesaria's ten largest holdings make up 100% of its $128M portfolio in Q1 2017.
- Dev Kantesaria opened 0 new positions and closed 0 in Q1 2017.
- Dev Kantesaria's portfolio value rose 17% quarter-over-quarter to $128M.
Based on Valley Forge Capital Management's 13F filing for Q1 2017, filed 15 May 2017.