Dev Kantesaria
Valley Forge Capital · Founder & Managing Partner · Net worth: ~$150M
Founded Valley Forge in 2007. Runs one of the most concentrated portfolios on Wall Street — typically 5-8 positions. Target holding period: forever. 20%+ annualized since inception.
Dev's portfolio concentration: top-1, top-5, top-10
Highly concentrated
FICOTop-5 zoneTop-10Dev's single largest bet is FICO at 31.3% of tracked positions. Conviction-concentrated — the single largest position drives most of the book.
Dev Kantesaria's recent 13F moves: buys, adds, trims, and exits
Every tracked 13F move — buys, adds, trims, and exits — over the last two quarters.
| Ticker | Activity | % portfolio |
|---|---|---|
| ASML | Add 36% | 8.60% |
| MSCI | Sell (exit) | 0.00% |
| EFX | Sell (exit) | 0.00% |
| V | Reduce 35% | 6.90% |
| INTU | Reduce 15% | 3.10% |
| Ticker | Activity | % portfolio |
|---|---|---|
| HEI | Add 12% Building HEICO — aerospace aftermarket. | 8.40% |
| MSCI | Add 8% Index monopoly add. | 15.30% |
| MCO | Add 4% Top conviction — adding to 15+ year Moody's position. | 22.40% |
| INTU | Reduce 15% | 4.20% |
| Ticker | Activity | % portfolio |
|---|---|---|
| FICO | Add 6% Adding to credit scoring monopoly. | 18.70% |
| V | Add 5% Small Visa add. | 12.80% |
| Ticker | Activity | % portfolio |
|---|---|---|
| INTU | Reduce 11% | 5.80% |
Dev's sector breakdown
How the top 6 positions are diversified across 3 sectors. Weighted by stated portfolio percentage.
How Kantesaria is sized + moving
Every position classified by both portfolio weight (size bucket) and recent move activity (trend bucket). A 22% Apple position building +5% this quarter signals different intent than a 1% starter trimmed in half. Descriptive analysis of 13F filings — not recommendation.
| Position | % portfolio | Trend |
|---|---|---|
| FICO FAIR ISAAC CORP | 31.3% | → steady |
| MA MASTERCARD INCORPORATED | 28.3% | → steady |
| MCO MOODYS CORP | 21.9% | ↑ building |
| ASML ASML HOLDING N V | 8.6% | ↑ building |
| V VISA INC | 6.9% | ↓ trimming |
| INTU INTUIT | 3.1% | ↓ trimming |
How to read: Size bucket from current 13F-filed portfolio weight. Trend bucket from the last 2 quarters of move activity (net delta >5% in either direction = building/trimming; new = first-appearance this quarter; exit pending = trimmed >50% last quarter). Data lag: SEC 13F filings are reported 45 days after quarter-end. This is descriptive intelligence — not investment advice.
What drives the ConvictionScore on Kantesaria's top positions
The HoldLens ConvictionScore combines 9 factors. This table shows the per-position breakdown — exactly which factors contribute and by how much for each of Kantesaria's top 6 holdings. Hover any header for factor definition. Empty cells (·) = neutral (no contribution).
| Ticker | % port | Score | Smart $ | Insider | Track | Streak | Conc | Contra | Event | Dissent | Crowd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FICO | 31.3 | 0 | +9 | · | +4 | +1 | +9 | +8 | · | +1 | · |
| MA | 28.3 | 0 | +7 | · | +1 | +10 | +9 | · | · | +27 | · |
| MCO | 21.9 | 0 | +12 | · | +7 | +1 | +10 | +3 | · | +17 | · |
| ASML | 8.6 | 0 | +10 | · | -1 | · | +4 | +10 | · | +13 | · |
| V | 6.9 | 0 | +18 | -4 | +4 | +5 | +10 | · | · | +43 | +3 |
| INTU | 3.1 | 0 | +8 | +1 | -4 | · | +4 | · | · | +29 | · |
Factor definitions →
- Smart $
- Manager quality × consensus (0–30)
- Insider
- Form 4 net buy/sell (-15..+20)
- Track
- Buyer 10y CAGR × concentration (-10..+20)
- Streak
- Multi-quarter compounding (0–10)
- Conc
- Biggest position size as conviction (0–10)
- Contra
- Under-the-radar bonus (0–10)
- Event
- 8-K events last 90d (-15..+5)
- Dissent
- Sells subtract, weighted ×1.6 (0–60)
- Crowd
- Too many owners = priced in (0–10)
Factors are summed (positive add, penalties subtract), then clamped to the -100/+100 range. Each factor has a maximum contribution shown in parentheses next to its name. Read positive cells as bullish contributions, negative as bearish. See /learn/conviction-score-explained for the full methodology. ConvictionScore is descriptive synthesis of public filings — not investment advice.
Who else holds what Kantesaria holds
Top 6 highest-conviction overlap pairs containing Dev Kantesaria. Each page is the full intersection of two 13F-filed portfolios.
- vs Chuck Akre4 shared positions · 130% joint convictionTop: MA, FICO, MCO, V
- vs Chris Hohn2 shared positions · 68% joint convictionTop: MCO, V
- vs Joel Greenblatt4 shared positions · 61% joint convictionTop: MA, MCO, V, INTU
- vs Polen Capital4 shared positions · 58% joint convictionTop: MA, V, ASML, INTU
- vs Tom Slater3 shared positions · 54% joint convictionTop: MA, MCO, INTU
- vs Stephen Mandel3 shared positions · 51% joint convictionTop: MA, ASML, V
Dev Kantesaria's top 6 disclosed holdings (Q1 2026)
MA
MCO
ASML
V
INTUEstimate your withholding on cross-border dividends
Estimates for educational purposes only. Tax rules change; consult a qualified tax professional for your specific situation. Dividend-tax treatment depends on holding period, account type (taxable vs. retirement), investor type (individual vs. pension vs. mutual fund), limitation-on-benefits tests, and other factors not modeled here.
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<iframe src="https://holdlens.com/embed/investor/dev-kantesaria/" width="600" height="360" frameborder="0" loading="lazy" title="Dev Kantesaria portfolio — HoldLens"></iframe>What Dev Kantesaria did, quarter by quarter
Full move-by-move breakdown for each of the last 8 filed quarters.
Frequently asked questions
Who is Dev Kantesaria?
Dev Kantesaria runs Valley Forge Capital as founder & managing partner. Founded Valley Forge in 2007. Runs one of the most concentrated portfolios on Wall Street — typically 5-8 positions. Target holding period: forever. 20%+ annualized since inception.
What fund does Dev Kantesaria run?
Dev Kantesaria is founder & managing partner of Valley Forge Capital. Valley Forge Capital files SEC Form 13F-HR quarterly with the latest disclosure dated 2026-05-15 (Q1 2026). Full holdings, share counts, dollar values, and quarter-over-quarter changes are listed below.
What does Dev Kantesaria invest in?
Dev Kantesaria's Valley Forge Capital portfolio is disclosed quarterly via SEC Form 13F-HR. Each position below shows the ticker, share count, dollar value, percentage of portfolio, and quarter-over-quarter change. Data is sourced directly from SEC filings (public-domain regulatory disclosure).
What is Dev Kantesaria's investment philosophy?
Dev Kantesaria's stated investment philosophy: "Extreme concentration — 5 to 8 positions. Quality compounders only.". Dev Kantesaria has been founder & managing partner of Valley Forge Capital; estimated net worth ~$150M.
What is Dev Kantesaria's net worth?
Dev Kantesaria's estimated net worth is ~$150M. Dev Kantesaria runs Valley Forge Capital as founder & managing partner; full 13F holdings disclosed quarterly with the SEC are listed below.
Data sourced from Valley Forge Capital 13F filings with the SEC. Approximate snapshot. Not investment advice.
Sister property: SecFilingDex — the encyclopedic reference for Form 13F (HR / NT / HR/A variants) and the regulatory citation behind every position shown above.