Valley Forge Asset Management

Valley Forge Asset Management as of Sept. 30, 2014

Portfolio Holdings for Valley Forge Asset Management

Valley Forge Asset Management holds 99 positions in its portfolio as reported in the September 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Microsoft Corporation (MSFT) 3.4 $28M 605k 46.36
Intel Corporation (INTC) 3.0 $25M 704k 34.82
General Electric Company 3.0 $25M 955k 25.62
Cisco Systems (CSCO) 2.7 $22M 888k 25.17
Pfizer (PFE) 2.6 $21M 719k 29.57
Waste Management (WM) 2.5 $21M 433k 47.53
Johnson & Johnson (JNJ) 2.5 $21M 193k 106.59
Procter & Gamble Company (PG) 2.3 $19M 223k 83.74
CSX Corporation (CSX) 2.2 $18M 573k 32.06
Verizon Communications (VZ) 2.2 $18M 354k 49.99
SYSCO Corporation (SYY) 2.1 $17M 448k 37.95
E.I. du Pont de Nemours & Company 2.1 $17M 237k 71.76
Merck & Co (MRK) 2.0 $17M 282k 59.28
At&t (T) 2.0 $16M 457k 35.24
Travelers Companies (TRV) 1.9 $16M 170k 93.94
Oracle Corporation (ORCL) 1.9 $16M 418k 38.28
U.S. Bancorp (USB) 1.9 $16M 376k 41.83
EMC Corporation 1.8 $15M 501k 29.26
Annaly Capital Management 1.8 $15M 1.4M 10.68
International Paper Company (IP) 1.7 $14M 296k 47.74
Coca-Cola Company (KO) 1.7 $14M 331k 42.66
PNC Financial Services (PNC) 1.7 $14M 163k 85.58
Wells Fargo & Company (WFC) 1.7 $14M 269k 51.87
Exxon Mobil Corporation (XOM) 1.7 $14M 146k 94.05
Thomson Reuters Corp 1.7 $14M 374k 36.41
iShares MSCI Japan Index 1.6 $14M 1.2M 11.77
American Express Company (AXP) 1.6 $13M 151k 87.54
Abbott Laboratories (ABT) 1.6 $13M 316k 41.59
Emerson Electric (EMR) 1.6 $13M 205k 62.58
Pepsi (PEP) 1.5 $13M 136k 93.09
Bank of America Corporation (BAC) 1.5 $13M 736k 17.05
Central Fd Cda Ltd cl a 1.5 $13M 1.0M 12.32
GlaxoSmithKline 1.5 $12M 264k 45.97
Wal-Mart Stores (WMT) 1.5 $12M 157k 76.47
eBay (EBAY) 1.4 $12M 207k 56.63
Schlumberger (SLB) 1.4 $12M 114k 101.69
Boeing Company (BA) 1.4 $11M 89k 127.38
Apple (AAPL) 1.4 $11M 113k 100.75
International Business Machines (IBM) 1.4 $11M 60k 189.82
Vodafone Group New Adr F (VOD) 1.4 $11M 343k 32.89
Transcanada Corp 1.4 $11M 219k 51.53
McDonald's Corporation (MCD) 1.4 $11M 117k 94.81
ConocoPhillips (COP) 1.3 $11M 141k 76.52
Paychex (PAYX) 1.3 $11M 239k 44.20
UnitedHealth (UNH) 1.2 $10M 117k 86.25
United Parcel Service (UPS) 1.2 $9.7M 99k 98.29
Stryker Corporation (SYK) 1.1 $9.3M 115k 80.75
Qualcomm (QCOM) 1.1 $9.3M 125k 74.77
Johnson Controls 1.1 $9.2M 208k 44.00
Cummins (CMI) 1.1 $9.1M 69k 131.98
Express Scripts Holding 1.1 $8.8M 124k 70.63
Texas Instruments Incorporated (TXN) 1.1 $8.6M 180k 47.69
Cabot Oil & Gas Corporation (CTRA) 1.0 $8.5M 260k 32.69
Noble Energy 1.0 $8.4M 123k 68.36
Goldcorp 1.0 $8.4M 363k 23.03
Berkshire Hathaway (BRK.B) 1.0 $7.8M 57k 138.14
Vanguard Emerging Markets ETF (VWO) 0.9 $7.4M 177k 41.71
Kimberly-Clark Corporation (KMB) 0.6 $4.9M 46k 107.58
iShares Dow Jones Select Dividend (DVY) 0.4 $3.2M 43k 73.86
Spdr S&p 500 Etf (SPY) 0.3 $2.7M 14k 197.04
SPDR Gold Trust (GLD) 0.3 $2.4M 21k 116.20
Rydex S&P Equal Weight ETF 0.3 $2.3M 30k 75.80
iShares Gold Trust 0.2 $2.0M 173k 11.70
Vanguard S&p 500 Etf idx (VOO) 0.2 $1.6M 9.1k 180.55
Royal Dutch Shell 0.2 $1.4M 18k 79.10
Ishares High Dividend Equity F (HDV) 0.2 $1.3M 17k 75.25
Market Vectors Gold Miners ETF 0.1 $1.0M 48k 21.37
SBA Communications Corporation 0.1 $930k 8.4k 110.87
McCormick & Company, Incorporated (MKC) 0.1 $830k 12k 66.94
Bristol Myers Squibb (BMY) 0.1 $709k 14k 51.19
Philip Morris International (PM) 0.1 $698k 8.4k 83.35
Altria (MO) 0.1 $665k 15k 45.96
Japan Smaller Capitalizaion Fund (JOF) 0.1 $597k 62k 9.69
Ultra Petroleum 0.1 $466k 20k 23.30
Masco Corporation (MAS) 0.1 $526k 22k 23.91
Royal Dutch Shell 0.1 $455k 6.0k 76.14
Chesapeake Energy Corporation 0.1 $460k 20k 23.00
TrustCo Bank Corp NY 0.1 $499k 78k 6.44
PowerShares QQQ Trust, Series 1 0.1 $517k 5.2k 98.72
Vanguard FTSE All-World ex-US ETF (VEU) 0.1 $455k 9.2k 49.26
Thermo Fisher Scientific (TMO) 0.1 $426k 3.5k 121.71
Home Depot (HD) 0.0 $321k 3.5k 91.71
iShares S&P 500 Index (IVV) 0.0 $309k 1.6k 198.20
iShares Russell Midcap Index Fund (IWR) 0.0 $317k 2.0k 158.50
SPDR S&P MidCap 400 ETF (MDY) 0.0 $307k 1.2k 249.59
3M Company (MMM) 0.0 $237k 1.7k 141.92
ConAgra Foods (CAG) 0.0 $221k 6.7k 32.99
Opko Health (OPK) 0.0 $255k 30k 8.50
Templeton Emerging Markets (EMF) 0.0 $282k 16k 17.77
Petroleum & Resources Corporation 0.0 $232k 8.0k 28.85
Japan Equity Fund ietf (JEQ) 0.0 $225k 32k 7.11
Fulton Financial (FULT) 0.0 $128k 12k 11.11
Kinder Morgan Energy Partners 0.0 $187k 2.0k 93.50
Sprott Physical Gold Trust (PHYS) 0.0 $199k 20k 9.95
Enterprise Products Partners (EPD) 0.0 $99k 2.4k 40.44
Yamana Gold 0.0 $88k 15k 6.03
Sea Containers (SEAOF) 0.0 $0 51k 0.00
Silverado Gold Mines 0.0 $0 10k 0.00
Advanta Corp. 0.0 $0 10k 0.00