Question 1

What stocks did Valley Forge Capital sell this quarter?

Accepted Answer

In the Q2 '26 13F filing, Valley Forge Capital fully exited 0 positions and reduced 4 existing holdings. Combined sell footprint: approximately $363.2M based on prior-quarter values.

Question 2

What was Valley Forge Capital's biggest sell?

Accepted Answer

Valley Forge Capital's largest reduction in the Q2 '26 filing was FAIR ISAAC CORP (FICO).

Question 3

How are these "sells" calculated?

Accepted Answer

Sells are derived from quarter-over-quarter changes in 13F filings. SOLD positions appeared in the prior filing but not the current one; REDUCED positions are existing holdings where share count fell. Note: 13F filings only cover long U.S. equity positions, so apparent "sells" could be short-side hedges or moves to other instruments.

Ticker	Company	Shares Now	Value Now	% Portfolio	Change
FICO	FAIR ISAAC CORP	672186	$803.1M	25.77%	-12.6%
SPGI	S&P GLOBAL INC	1524036	$620.7M	19.92%	-13.3%
MA	MASTERCARD INCORPORATED	1065934	$547.5M	17.57%	-28.3%
V	VISA INC	462978	$158.8M	5.10%	-22.7%

Valley Forge Capital — Recent Sells

Reduced positions (4)