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 |
Equifax
EFX
|
+$12.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$7.38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 68.54% |
| 2 | Consumer Staples | 18.61% |
| 3 | Industrials | 6.32% |
| 4 | Technology | 5.27% |
| 5 | Miscellaneous | 1.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Moody's
MCO
$83.4B
| $48.9M | 31.01% |
351,415
| – | – |
2016 Q4
3 quarters
|
|
2
S&P Global
SPGI
$133B
| $45.7M | 28.95% |
292,209
| – | – |
2016 Q4
3 quarters
|
|
3
Monster Beverage
MNST
$90.5B
| $29.4M | 18.61% |
2,124,996
| – | – |
2016 Q4
3 quarters
|
|
|
4
Equifax
EFX
$21.4B
| $10M | 6.32% |
+94,000
| New | +$12.4M |
2017 Q3
0 quarters
|
|
5
Visa
V
$766B
| $8.63M | 5.47% |
82,000
| – | – |
2016 Q4
3 quarters
|
|
6
Intuit
INTU
$91.8B
| $8.32M | 5.27% |
58,500
| – | – |
2016 Q4
3 quarters
|
|
7
Mastercard
MA
$546B
| $4.91M | 3.11% |
34,750
| – | – |
2016 Q4
3 quarters
|
|
8
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $1.99M | 1.26% |
31,713
| – | – |
2016 Q4
3 quarters
|
|
|
9
Nike
NKE
$55.4B
| – | – |
-125,084
| Closed | -$7.38M | – |
|
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Dev Kantesaria's Q3 2017 Portfolio in Review
As of Q3 2017, Dev Kantesaria held 9 positions worth $158M, up 12% from $141M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Dev Kantesaria deployed $5.05M of net new capital in Q3 2017, opening 1 new position. Its largest new stake was Equifax: 94,000 shares worth $10M.
By sector, the portfolio is most concentrated in Financials at 69% of assets, down from 69% a quarter earlier, followed by Consumer Staples and Industrials.
On the sell side, the most notable exit was Nike, an estimated $7.38M sold.
- Dev Kantesaria's largest Q3 2017 buy was Equifax: 94,000 shares worth $10M.
- Dev Kantesaria fully exited Nike in Q3 2017, selling an estimated $7.38M.
- Dev Kantesaria's ten largest holdings make up 100% of its $158M portfolio in Q3 2017.
- Dev Kantesaria opened 1 new position and closed 1 in Q3 2017.
- Dev Kantesaria's portfolio value rose 12% quarter-over-quarter to $158M.
Based on Valley Forge Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.