Valley Forge Asset Management as of Sept. 30, 2011
Portfolio Holdings for Valley Forge Asset Management
Valley Forge Asset Management holds 82 positions in its portfolio as reported in the September 2011 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Newmont Mining Corporation (NEM) | 4.8 | $70M | 1.1M | 62.95 | |
| Goldcorp | 4.1 | $60M | 1.3M | 45.64 | |
| Johnson & Johnson (JNJ) | 3.8 | $55M | 866k | 63.69 | |
| Abbott Laboratories (ABT) | 3.7 | $54M | 1.0M | 51.14 | |
| At&t (T) | 3.6 | $52M | 1.8M | 28.52 | |
| Verizon Communications (VZ) | 3.4 | $49M | 1.3M | 36.80 | |
| Pfizer (PFE) | 3.3 | $48M | 2.7M | 17.68 | |
| Bristol Myers Squibb (BMY) | 3.3 | $48M | 1.5M | 31.38 | |
| Barrick Gold Corp (GOLD) | 3.1 | $45M | 969k | 46.65 | |
| Procter & Gamble Company (PG) | 3.1 | $45M | 710k | 63.18 | |
| Pepsi (PEP) | 2.9 | $42M | 677k | 61.90 | |
| Merck & Co (MRK) | 2.9 | $42M | 1.3M | 32.70 | |
| Archer Daniels Midland Company (ADM) | 2.6 | $38M | 1.5M | 24.81 | |
| Waste Management (WM) | 2.6 | $38M | 1.2M | 32.56 | |
| Central Fd Cda Ltd cl a | 2.5 | $36M | 1.8M | 20.69 | |
| Wal-Mart Stores (WMT) | 2.4 | $35M | 671k | 51.90 | |
| Intel Corporation (INTC) | 2.4 | $34M | 1.6M | 21.33 | |
| Coca-Cola Company (KO) | 2.3 | $33M | 491k | 67.56 | |
| Exelon Corporation (EXC) | 2.3 | $33M | 776k | 42.61 | |
| Microsoft Corporation (MSFT) | 2.3 | $33M | 1.3M | 24.89 | |
| Transcanada Corp | 2.1 | $30M | 751k | 40.49 | |
| Travelers Companies (TRV) | 2.0 | $29M | 586k | 48.73 | |
| Kraft Foods | 1.9 | $28M | 835k | 33.58 | |
| Colgate-Palmolive Company (CL) | 1.9 | $28M | 314k | 88.68 | |
| Vodafone | 1.9 | $27M | 1.1M | 25.65 | |
| Exxon Mobil Corporation (XOM) | 1.8 | $26M | 355k | 72.63 | |
| Agnico (AEM) | 1.8 | $25M | 427k | 59.52 | |
| Sanofi-Aventis SA (SNY) | 1.7 | $25M | 754k | 32.80 | |
| Paychex (PAYX) | 1.6 | $24M | 909k | 26.37 | |
| Automatic Data Processing (ADP) | 1.6 | $23M | 491k | 47.15 | |
| Deere & Company (DE) | 1.6 | $23M | 357k | 64.57 | |
| General Electric Company | 1.4 | $20M | 1.3M | 15.22 | |
| China Mobile | 1.4 | $20M | 409k | 48.71 | |
| Eli Lilly & Co. (LLY) | 1.4 | $20M | 538k | 36.97 | |
| Nippon Telegraph & Telephone (NTTYY) | 1.4 | $20M | 832k | 23.95 | |
| Cisco Systems (CSCO) | 1.4 | $20M | 1.3M | 15.49 | |
| Kimberly-Clark Corporation (KMB) | 1.4 | $20M | 278k | 71.01 | |
| United Parcel Service (UPS) | 1.3 | $19M | 300k | 63.15 | |
| Walt Disney Company (DIS) | 1.3 | $19M | 618k | 30.16 | |
| E.I. du Pont de Nemours & Company | 1.2 | $17M | 426k | 39.97 | |
| JPMorgan Chase & Co. (JPM) | 1.1 | $17M | 556k | 30.12 | |
| 3M Company (MMM) | 1.1 | $17M | 231k | 71.79 | |
| Cameco Corporation (CCJ) | 1.0 | $14M | 775k | 18.32 | |
| McCormick & Company, Incorporated (MKC) | 0.6 | $8.2M | 177k | 46.16 | |
| iShares MSCI Japan Index | 0.5 | $7.3M | 776k | 9.46 | |
| SPDR Gold Trust (GLD) | 0.4 | $5.3M | 34k | 158.07 | |
| Market Vectors Gold Miners ETF | 0.3 | $4.1M | 74k | 55.19 | |
| Philip Morris International (PM) | 0.2 | $3.3M | 53k | 62.37 | |
| Spdr S&p 500 Etf (SPY) | 0.2 | $2.9M | 26k | 113.14 | |
| iShares Gold Trust | 0.2 | $2.3M | 143k | 15.83 | |
| Royal Gold (RGLD) | 0.1 | $1.6M | 26k | 64.04 | |
| iShares S&P US Pref Stock Idx Fnd (PFF) | 0.1 | $1.6M | 44k | 35.61 | |
| Royal Dutch Shell | 0.1 | $1.4M | 22k | 62.05 | |
| iShares Dow Jones Select Dividend (DVY) | 0.1 | $1.5M | 30k | 48.22 | |
| Rydex S&P Equal Weight ETF | 0.1 | $1.3M | 31k | 41.41 | |
| Berkshire Hathaway (BRK.B) | 0.1 | $990k | 14k | 71.02 | |
| Altria (MO) | 0.1 | $855k | 32k | 26.80 | |
| Vanguard Dividend Appreciation ETF (VIG) | 0.1 | $898k | 18k | 48.76 | |
| Japan Smaller Capitalizaion Fund (JOF) | 0.1 | $787k | 106k | 7.45 | |
| Emerson Electric (EMR) | 0.0 | $566k | 14k | 41.34 | |
| Royal Dutch Shell | 0.0 | $609k | 9.9k | 61.56 | |
| Kinder Morgan Energy Partners | 0.0 | $652k | 9.5k | 68.40 | |
| McDonald's Corporation (MCD) | 0.0 | $374k | 4.3k | 87.81 | |
| Apple (AAPL) | 0.0 | $500k | 1.3k | 381.10 | |
| Templeton Emerging Markets (EMF) | 0.0 | $381k | 23k | 16.79 | |
| Dominion Resources (D) | 0.0 | $344k | 6.8k | 50.80 | |
| Novartis (NVS) | 0.0 | $290k | 5.2k | 55.77 | |
| Clorox Company (CLX) | 0.0 | $297k | 4.5k | 66.32 | |
| SBA Communications Corporation | 0.0 | $289k | 8.4k | 34.45 | |
| Market Vectors Junior Gold Miners ETF | 0.0 | $278k | 9.9k | 28.15 | |
| SPDR S&P MidCap 400 ETF (MDY) | 0.0 | $262k | 1.8k | 142.01 | |
| American Wtr Wks | 0.0 | $250k | 8.3k | 30.12 | |
| Petroleum & Resources Corporation | 0.0 | $259k | 12k | 22.60 | |
| 0.0 | $206k | 400.00 | 515.00 | ||
| First Niagara Financial | 0.0 | $114k | 13k | 9.12 | |
| Magellan Midstream Partners | 0.0 | $215k | 3.6k | 60.42 | |
| Piedmont Office Realty Trust (PDM) | 0.0 | $175k | 11k | 16.21 | |
| Japan Equity Fund | 0.0 | $195k | 37k | 5.27 | |
| Sprott Physical Gold Trust (PHYS) | 0.0 | $168k | 12k | 14.00 | |
| Legend International Holdings (LGDI) | 0.0 | $4.0k | 10k | 0.40 | |
| Americ Int Gr Frac Warrant | 0.0 | $0 | 95k | 0.00 | |
| Advanta Corp. | 0.0 | $0 | 10k | 0.00 |
