SEC 13F Intelligence

Valley Forge Capital Management, LP / MA

Valley Forge Capital Management, LP’s Mastercard Incorporated Position

Does Valley Forge Capital Management, LP own Mastercard Incorporated (MA)? Yes — 1.49M shares worth $743M (+22.02% of its 13F portfolio) as of Q1 2026, up from 1.49M shares the prior filed quarter.

Position Value
$743M
Q1 2026
Shares
1.49M
% of Portfolio
+22.02%
Quarters Held
30
currently held

Position History MA

Reported value by quarter
Q4 ’18: $7MQ4 ’18Q1 ’19: $8MQ2 ’19: $9MQ3 ’19: $21MQ4 ’19: $25MQ4 ’19Q1 ’20: $42MQ2 ’20: $130MQ3 ’20: $150MQ4 ’20: $242MQ4 ’20Q1 ’21: $478MQ2 ’21: $494MQ3 ’21: $480MQ4 ’21: $518MQ4 ’21Q1 ’22: $551MQ2 ’22: $497MQ3 ’22: $448MQ4 ’22: $541MQ4 ’22Q1 ’23: $541MQ2 ’23: $586MQ3 ’23: $590MQ4 ’23: $633MQ4 ’23Q1 ’24: $715MQ2 ’24: $655MQ3 ’24: $733MQ4 ’24: $782MQ4 ’24Q1 ’25: $814MQ2 ’25: $834MQ3 ’25: $845MQ4 ’25: $849MQ4 ’25Q1 ’26: $743Mfilingsflow.com
QuarterSharesValue% of Portfolio
Q1 20261.49M$743M+22.02%
Q4 20251.49M$849M+19.25%
Q3 20251.48M$845M+20.32%
Q2 20251.48M$834M+18.43%
Q1 20251.48M$814M+18.54%
Q4 20241.48M$782M+17.22%
Q3 20241.48M$733M+16.29%
Q2 20241.48M$655M+16.94%
Q1 20241.48M$715M+19.50%
Q4 20231.48M$633M+18.00%
Q3 20231.49M$590M+20.11%
Q2 20231.49M$586M+19.85%
Q1 20231.49M$541M+20.49%
Q4 20221.56M$541M+21.96%
Q3 20221.57M$448M+21.24%
Q2 20221.57M$497M+22.21%
Q1 20221.54M$551M+20.96%
Q4 20211.44M$518M+19.58%
Q3 20211.38M$480M+19.08%
Q2 20211.35M$494M+19.19%
Q1 20211.34M$478M+22.61%
Q4 2020676.6K$242M+22.43%
Q3 2020444.6K$150M+16.32%
Q2 2020441.1K$130M+15.86%
Q1 2020175.7K$42M+8.99%
Q4 201984.8K$25M+4.92%
Q3 201976.8K$21M+4.66%
Q2 201935.8K$9M+2.24%
Q1 201935.8K$8M+2.23%
Q4 201835.8K$7M+2.55%

Common-stock position only; options are excluded. Quarters where the fund filed no 13F or reported no position are absent. See Valley Forge Capital Management, LP’s full portfolio or all institutional holders of MA.