What stocks does Dev Kantesaria own? — Valley Forge Capital Management portfolio & 13F holdings

Dev Kantesaria runs Valley Forge Capital Management. Ultra-concentrated quality compounder investor. Typically holds just 4–6 positions — all dominant, wide-moat businesses — and never sells unless the thesis breaks. As of the Q4 2025 13F filing, the disclosed long-equity portfolio is valued at $4.4B across 9 positions. The largest holdings are FAIR ISAAC CORP, S&P GLOBAL INC, and MASTERCARD INCORPORATED (FAIR ISAAC CORP alone is 29.5% of the book).