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Dev Kantesaria Valley Forge Capital Management

AUM $3.12B
1-Year Est. Return 11.87%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+1.67%
1 Year Est. Return
-11.87%
3 Year Est. Return
+49.01%
5 Year Est. Return
+69.08%
10 Year Est. Return
–
AUM
$448M
AUM Growth
+$26.3M
Cap. Flow
+$20.8M
Cap. Flow %
4.63%
Top 10 Hldgs %
100%
Holding
9
New
–
Increased
4
Reduced
–
Closed
–

Top Buys

Rank Stock Value
1
MA icon
Mastercard
MA
+$11.3M
2
MCO icon
Moody's
MCO
+$5.45M
3
V icon
Visa
V
+$2.49M
4
AZPN
ASPEN TECHNOLOGY INC
AZPN
+$1.49M

Top Sells

No sells this quarter

Sector Composition

Rank Sector Weight
1 Financials 66.67%
2 Technology 31.74%
3 Consumer Discretionary 0.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPGI icon
1
S&P Global
SPGI
$127B
$103M 23.04%
421,407
– –
FICO icon
2
Fair Isaac
FICO
$25.3B
$101M 22.56%
333,078
– –
MCO icon
3
Moody's
MCO
$87.2B
$91.5M 20.43%
446,915
+26,000
+6% +$5.45M
V icon
4
Visa
V
$693B
$83.1M 18.54%
482,922
+14,000
+3% +$2.49M
INTU icon
5
Intuit
INTU
$100B
$25.2M 5.62%
94,641
– –
MA icon
6
Mastercard
MA
$509B
$20.9M 4.66%
76,850
+41,100
+115% +$11.3M
ADSK icon
7
Autodesk
ADSK
$53.6B
$16M 3.56%
108,050
– –
AZPN
8
DELISTED
ASPEN TECHNOLOGY INC
AZPN
$5.39M 1.2%
43,813
+12,100
+38% +$1.49M
AMZN icon
9
Amazon
AMZN
$2.79T
$1.74M 0.39%
20,000
– –

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Dev Kantesaria's Q3 2019 Portfolio in Review

As of Q3 2019, Dev Kantesaria held 9 positions worth $448M, up 6.2% from $422M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Dev Kantesaria deployed $20.8M of net new capital in Q3 2019, adding to 4 existing holdings.

By sector, the portfolio is most concentrated in Financials at 67% of assets, up from 64% a quarter earlier, followed by Technology and Consumer Discretionary.

  • Dev Kantesaria added most to Mastercard in Q3 2019, an estimated $11.3M increase.
  • Dev Kantesaria's ten largest holdings make up 100% of its $448M portfolio in Q3 2019.
  • Dev Kantesaria opened 0 new positions and closed 0 in Q3 2019.
  • Dev Kantesaria's portfolio value rose 6.2% quarter-over-quarter to $448M.

Based on Valley Forge Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.