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Investor profile
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.
"Extreme concentration — 5 to 8 positions. Quality compounders only."
Tracked positions
6
Top concentration
89%
Longest holding
Moody's (since 2009)
Realized 10-year track record
Valley Forge Capital (private; ~20% reported since 2007)
10y CAGR
18.7%
net of fees
Alpha vs S&P
+5.6%
vs 13.1% benchmark
Win rate
70%
years beating S&P
Quality score
8.2
computed 0–10
Best year
+32%
Worst year
-12%
Cumulative 10y
5.5×
Volatility
13%
Recent moves
Manager quality score: 9/10
Every tracked 13F move — buys, adds, trims, and exits — over the last two quarters.
Top holdings
| Ticker | Company | % Portfolio |
|---|---|---|
| MCO | Moody's Top position. 15+ year hold. Credit rating duopoly. | 22.4% |
| FICO | Fair Isaac Credit scoring monopoly. | 18.7% |
| MSCI | MSCI Inc Index monopoly — fee compounder. | 15.3% |
| V | Visa Payment network toll booth. | 12.8% |
| MA | Mastercard Other payment network. | 11.2% |
| HEI | HEICO Corp Aerospace aftermarket monopoly. | 8.4% |
Want Dev move-alerts?
One email per 13F filing. Summarizes every new position, exit, and trim.
Similar investors
Tracked managers whose top positions overlap with Dev's portfolio.
Data sourced from Valley Forge Capital 13F filings with the SEC. Approximate snapshot. Not investment advice.