Valley Forge Asset Management

Valley Forge Asset Management as of June 30, 2011

Portfolio Holdings for Valley Forge Asset Management

Valley Forge Asset Management holds 92 positions in its portfolio as reported in the June 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Goldcorp 4.3 $67M 1.4M 48.27
Newmont Mining Corporation (NEM) 4.2 $65M 1.2M 53.97
Barrick Gold Corp (GOLD) 4.0 $62M 1.4M 45.29
Johnson & Johnson (JNJ) 3.7 $58M 867k 66.52
Coca-Cola Company (KO) 3.6 $57M 840k 67.29
Abbott Laboratories (ABT) 3.5 $55M 1.0M 52.62
At&t (T) 3.5 $55M 1.7M 31.41
Pfizer (PFE) 3.3 $52M 2.5M 20.60
Verizon Communications (VZ) 3.2 $49M 1.3M 37.23
Archer Daniels Midland Company (ADM) 3.0 $46M 1.5M 30.15
Pepsi (PEP) 2.9 $45M 632k 70.43
Merck & Co (MRK) 2.9 $44M 1.3M 35.29
Bristol Myers Squibb (BMY) 2.8 $44M 1.5M 28.96
Procter & Gamble Company (PG) 2.8 $43M 681k 63.57
Central Fd Cda Ltd cl a 2.5 $39M 1.9M 20.37
Waste Management (WM) 2.4 $37M 990k 37.27
Wal-Mart Stores (WMT) 2.2 $34M 642k 53.14
Exelon Corporation (EXC) 2.1 $32M 755k 42.84
Transcanada Corp 2.0 $32M 724k 43.84
Microsoft Corporation (MSFT) 2.0 $31M 1.2M 26.00
Nippon Telegraph & Telephone (NTTYY) 1.9 $30M 1.2M 24.18
Kraft Foods 1.9 $29M 830k 35.23
Vodafone 1.8 $28M 1.1M 26.72
Sanofi-Aventis SA (SNY) 1.8 $28M 699k 40.17
China Mobile 1.8 $28M 595k 46.78
Colgate-Palmolive Company (CL) 1.7 $27M 307k 87.41
Intel Corporation (INTC) 1.7 $26M 1.2M 22.16
Exxon Mobil Corporation (XOM) 1.6 $25M 302k 81.38
Kimberly-Clark Corporation (KMB) 1.6 $24M 364k 66.56
General Electric Company 1.5 $24M 1.2M 18.86
3M Company (MMM) 1.4 $22M 233k 94.85
ConocoPhillips (COP) 1.4 $22M 294k 75.19
McDonald's Corporation (MCD) 1.4 $22M 262k 84.32
Deere & Company (DE) 1.4 $22M 265k 82.45
Automatic Data Processing (ADP) 1.4 $21M 397k 52.68
United Parcel Service (UPS) 1.3 $20M 276k 72.93
Duke Energy Corporation 1.3 $20M 1.0M 18.83
Medtronic 1.2 $19M 498k 38.53
Travelers Companies (TRV) 1.2 $18M 316k 58.38
Tyson Foods (TSN) 1.2 $18M 946k 19.42
Oracle Corporation (ORCL) 1.1 $17M 526k 32.91
iShares MSCI Japan Index 1.0 $15M 1.4M 10.43
Cameco Corporation (CCJ) 0.9 $14M 520k 26.35
PNC Financial Services (PNC) 0.8 $12M 204k 59.61
Chevron Corporation (CVX) 0.8 $12M 113k 102.84
Gold Fields (GFI) 0.6 $9.6M 655k 14.59
McCormick & Company, Incorporated (MKC) 0.6 $8.5M 172k 49.57
SPDR Gold Trust (GLD) 0.3 $5.2M 36k 146.01
Royal Gold (RGLD) 0.3 $4.6M 79k 58.56
Market Vectors Gold Miners ETF 0.3 $4.0M 73k 54.58
Spdr S&p 500 Etf (SPY) 0.2 $3.6M 27k 131.96
Philip Morris International (PM) 0.2 $3.5M 53k 66.77
Rydex S&P Equal Weight ETF 0.1 $1.6M 32k 50.62
Royal Dutch Shell 0.1 $1.6M 23k 71.73
Vanguard Telecommunication Services ETF (VOX) 0.1 $1.5M 21k 71.28
iShares Dow Jones Select Dividend (DVY) 0.1 $1.5M 28k 52.90
Japan Smaller Capitalizaion Fund (JOF) 0.1 $1.2M 144k 8.22
Berkshire Hathaway (BRK.B) 0.1 $985k 13k 77.41
Vanguard Dividend Appreciation ETF (VIG) 0.1 $969k 17k 55.96
Emerson Electric (EMR) 0.1 $717k 13k 56.27
Royal Dutch Shell 0.1 $761k 11k 71.17
Kinder Morgan Energy Partners 0.1 $763k 11k 72.61
iShares Gold Trust 0.1 $703k 48k 14.65
iShares S&P US Pref Stock Idx Fnd (PFF) 0.1 $719k 18k 39.64
Altria (MO) 0.0 $600k 23k 26.40
Union Pacific Corporation (UNP) 0.0 $484k 4.6k 104.31
Japan Equity Fund 0.0 $491k 81k 6.10
Templeton Emerging Markets (EMF) 0.0 $540k 24k 22.79
Eli Lilly & Co. (LLY) 0.0 $322k 8.6k 37.51
Teva Pharmaceutical Industries (TEVA) 0.0 $256k 5.3k 48.29
Dominion Resources (D) 0.0 $327k 6.8k 48.29
Novartis (NVS) 0.0 $318k 5.2k 61.15
Apple (AAPL) 0.0 $326k 970.00 336.08
Tyco International Ltd S hs 0.0 $247k 5.0k 49.40
SBA Communications Corporation 0.0 $320k 8.4k 38.15
Magellan Midstream Partners 0.0 $234k 3.9k 59.64
Market Vectors Junior Gold Miners ETF 0.0 $251k 7.3k 34.50
SPDR S&P MidCap 400 ETF (MDY) 0.0 $327k 1.8k 177.24
American Wtr Wks 0.0 $244k 8.3k 29.40
WisdomTree Dreyfus Chinese Yuan 0.0 $244k 9.6k 25.42
Petroleum & Resources Corporation 0.0 $351k 12k 29.52
Clorox Company (CLX) 0.0 $201k 3.0k 67.53
Google 0.0 $203k 400.00 507.50
First Niagara Financial 0.0 $165k 13k 13.20
Piedmont Office Realty Trust (PDM) 0.0 $220k 11k 20.38
Sprott Physical Gold Trust (PHYS) 0.0 $137k 11k 13.05
Centurion Gold Holdings 0.0 $0 40k 0.00
Legend International Holdings (LGDI) 0.0 $6.0k 10k 0.60
Skinny Nutritional 0.0 $1.0k 13k 0.08
Americ Int Gr Frac Warrant 0.0 $0 95k 0.00
Japan Smaller Captlztn Fd In right 07/22/2011 0.0 $39k 144k 0.27
Advanta Corp. 0.0 $0 10k 0.00