Valley Forge Asset Management’s Bank of New York Mellon BNY Stock Holding History

Valley Forge Asset Management’s Portfolio BNY Stock Details BNY Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-391,431	Closed	-$14.7M	–	97
2014 Q2	$14.7M	Sell	391,431 -45,795	-10%	-$1.58M	1.57%	34
2014 Q1	$15.4M	Buy	437,226 +30,180	+7%	+$997K	1.67%	28
2013 Q4	$14.2M	Sell	407,046 -233,095	-36%	-$7.59M	1.37%	35
2013 Q3	$19.3M	Sell	640,141 -29,982	-4%	-$920K	1.28%	39
2013 Q2	$18.8M	Buy	+670,123	New	+$19.2M	1.23%	40

Other funds holding BNY

Dodge & Cox San Francisco, California $182B AUM 14.68% 1-Year Est. Return

DSA

Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

TFM

Trian Fund Management New York $3.86B AUM 26.59% 1-Year Est. Return

First Eagle Investment Management New York $59B AUM 32.99% 1-Year Est. Return

Berkshire Hathaway Omaha, Nebraska $263B AUM 16.68% 1-Year Est. Return

FMI

Fiduciary Management Inc Milwaukee, Wisconsin $8.06B AUM 6.78% 1-Year Est. Return

Valley Forge Asset Management's BNY Position: Q3 2014 in Review

Valley Forge Asset Management sold out of Bank of New York Mellon (BNY) in Q3 2014, closing a stake of 391,431 shares — an estimated $14.7M sold.

Valley Forge Asset Management first reported a position in BNY in Q2 2013 and held it in 5 quarters. The position peaked at $19.3M in Q3 2013. 802 funds tracked by Wall St. Rank hold BNY as of Q3 2014.

Valley Forge Asset Management reported no remaining Bank of New York Mellon position as of Q3 2014 after selling out during the quarter.
Valley Forge Asset Management sold 391,431 Bank of New York Mellon shares in Q3 2014, an estimated $14.7M.
Valley Forge Asset Management first reported a position in Bank of New York Mellon in Q2 2013 and held it in 5 quarters.
Valley Forge Asset Management's Bank of New York Mellon position peaked at $19.3M in Q3 2013.
802 funds tracked by Wall St. Rank held Bank of New York Mellon as of Q3 2014.

Based on Valley Forge Asset Management's 13F filing for Q3 2014, filed 10 Nov 2014.