Dev Kantesaria
Q2 2026 13F: 7 holdings worth about $3.1B; that quarter 0 new, 0 added, 4 trimmed, 0 sold out.
13F lists only long positions in US-listed stocks (and some ETFs and convertibles); short positions, cash, bonds, shares listed outside the US and private companies are not shown, so this is not the giant’s whole portfolio.
Why This Giant Is Included
- Rule numbers (Q2 2026): 7 holdings, top 10 = 100%, stocks $3.1B, options 0%; all four rules met
- Source for the value approach: Valley Forge Capital Management, LP - Part 2A of Form ADV: Firm Brochure (March 30, 2026) (Valley Forge Capital Management, LP (SEC Investment Adviser Public Disclosure, CRD 162953), 2026-03-30, p. 4): “trading at a large discount (in the case of long equity positions) or premiums (in the case of short equity positions) to their intrinsic value” (checked 2026-10-11)
Trades in Q2 2026
Sorted by position shift: how many percentage points of the portfolio the trade moved.
How to Read This
Share changes are split-adjusted. Est. trade price = (start + end price) ÷ 2; 13F does not show the actual trade date or price.
| Move | Company | Change in shares | Position shift (pts) |
|---|---|---|---|
| Trimmed | MAMastercard Inc | −421.6K | −6.41 |
| Trimmed | FICOFair Isaac Corp | −97.2K | −3.44 |
| Trimmed | SPGIS&P Global Inc | −234.0K | −2.82 |
| Trimmed | VVisa Inc | −135.8K | −1.38 |
All Holdings (7 Companies)
Share classes of one company are combined; click a heading to re-sort.
How to Read This
Est. average cost: shares bought each quarter × (start + end price) ÷ 2, weighted; trims do not change the cost. Positions held before Q1 1999 (or the giant’s earliest electronic filing) start from that quarter’s price and are marked ‘start point’. vs cost = quarter-end price ÷ est. average cost − 1, excluding dividends.
| Company | Weight (prev.) | Value | This quarter | Quarter-end price | vs cost |
|---|---|---|---|---|---|
| FICOFair Isaac Corp | 25.8%24.3% | $803.1M | Trimmed −13% | $1,195 | +226% |
| SPGIS&P Global Inc | 19.9%22.2% | $620.7M | Trimmed −13% | $407.26 | +30% |
| MCOMoody’s Corp | 19.1%17.0% | $596.6M | Held | $452.92 | +83% |
| MAMastercard Inc | 17.6%22.0% | $547.5M | Trimmed −28% | $513.60 | +57% |
| ASMLASML Holding NV | 10.9%6.7% | $340.4M | Held | $1,989 | +117% |
| VVisa Inc | 5.1%5.4% | $158.8M | Trimmed −23% | $343.09 | +91% |
| INTUIntuit Inc | 1.6%2.4% | $49.3M | Held | $261.00 | −26% |
Portfolio Map: Size Is Weight, Colour Is Gain or Loss against Cost
How to Read This
Each block is a company (up to 60); area = portfolio weight. The darker the colour, the further the quarter-end price is above (or below) the estimated cost: light 5–25%, medium 25–100%, darkest over 100%; grey is within 5%.
Over Time
From Q4 2016, 39 quarters (this giant’s electronic 13F filings).
13F Value
Holdings
Top-10 Concentration
Turnover (Est.)
Sector Mix
Quarter by Quarter, with the Original Filings
* = not counted in that quarter’s totals. Links open the original SEC filing; 13F-HR/A is an amendment.
Show 39 Quarters
| Quarter | Holdings | 13F value | SEC |
|---|---|---|---|
| Q2 2026 | 7 | $3.1B | 13F-HR |
| Q1 2026 | 7 | $3.4B | 13F-HR |
| Q4 2025 | 9 | $4.4B | 13F-HR |
| Q3 2025 | 9 | $4.2B | 13F-HR |
| Q2 2025 | 9 | $4.5B | 13F-HR |
| Q1 2025 | 9 | $4.4B | 13F-HR |
| Q4 2024 | 9 | $4.5B | 13F-HR |
| Q3 2024 | 8 | $4.5B | 13F-HR |
| Q2 2024 | 8 | $3.9B | 13F-HR |
| Q1 2024 | 8 | $3.7B | 13F-HR |
| Q4 2023 | 8 | $3.5B | 13F-HR |
| Q3 2023 | 8 | $2.9B | 13F-HR |
| Q2 2023 | 8 | $3.0B | 13F-HR |
| Q1 2023 | 9 | $2.6B | 13F-HR |
| Q4 2022 | 10 | $2.5B | 13F-HR |
| Q3 2022 | 10 | $2.1B | 13F-HR |
| Q2 2022 | 10 | $2.2B | 13F-HR |
| Q1 2022 | 10 | $2.6B | 13F-HR |
| Q4 2021 | 9 | $2.6B | 13F-HR |
| Q3 2021 | 9 | $2.5B | 13F-HR |
| Q2 2021 | 9 | $2.6B | 13F-HR |
| Q1 2021 | 10 | $2.1B | 13F-HR |
| Q4 2020 | 10 | $1.1B | 13F-HR |
| Q3 2020 | 10 | $921.6M | 13F-HR |
| Q2 2020 | 10 | $822.7M | 13F-HR |
| Q1 2020 | 9 | $472.2M | 13F-HR |
| Q4 2019 | 9 | $514.5M | 13F-HR |
| Q3 2019 | 9 | $448.1M | 13F-HR |
| Q2 2019 | 9 | $421.8M | 13F-HR |
| Q1 2019 | 9 | $377.8M | 13F-HR |
| Q4 2018 | 10 | $264.3M | 13F-HR |
| Q3 2018 | 11 | $300.5M | 13F-HR |
| Q2 2018 * | 10 | $257.2M | 13F-HR |
| Q1 2018 * | 9 | $213.6M | 13F-HR |
| Q4 2017 * | 8 | $189.4M | 13F-HR |
| Q3 2017 * | 8 | $157.8M | 13F-HR |
| Q2 2017 * | 8 | $140.6M | 13F-HR |
| Q1 2017 * | 8 | $128.5M | 13F-HR |
| Q4 2016 * | 8 | $109.6M | 13F-HR |
Large Positions Sold Out
Positions that once made up 2% or more of the portfolio and were later sold out (latest 40): holding period and what became of the company, without profit or loss.
How to Read This
Sold out means the holding no longer appears on the 13F: it may have been sold, or the company was acquired or delisted. Company status is checked only for companies the giants together once held $100M or more of, from the company’s own SEC filings (for example 8-K item 1.03 = bankruptcy filing); a dash means not checked.
| Company | Held | Peak weight | Company since |
|---|---|---|---|
| AZPNAspen Technology Inc | Q2 2022 – Q4 2024 | 2% | — |
| ADBEAdobe Inc | Q2 2020 – Q2 2023 | 5% | — |
| ADSKAutodesk, Inc | Q3 2018 – Q2 2023 | 5% | Still filing with the SEC |
| AMZNAmazon.com Inc | Q2 2018 – Q1 2023 | 11% | — |
| —Aspen Technology Inc | Q1 2022 – Q2 2022 | 3% | — |
| —Aspen Technology Inc | Q4 2016 – Q2 2021 | 3% | — |
| MNSTMonster Beverage Corp | Q4 2016 – Q1 2019 | 19% | Still filing with the SEC |