Valley Forge Asset Management as of Sept. 30, 2012
Portfolio Holdings for Valley Forge Asset Management
Valley Forge Asset Management holds 94 positions in its portfolio as reported in the September 2012 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Goldcorp | 4.3 | $71M | 1.5M | 45.85 | |
| Newmont Mining Corporation (NEM) | 4.3 | $70M | 1.3M | 56.01 | |
| Pfizer (PFE) | 4.1 | $68M | 2.8M | 24.85 | |
| Johnson & Johnson (JNJ) | 3.7 | $61M | 882k | 68.91 | |
| Barrick Gold Corp (GOLD) | 3.4 | $56M | 1.3M | 41.76 | |
| Bristol Myers Squibb (BMY) | 3.2 | $53M | 1.6M | 33.75 | |
| Verizon Communications (VZ) | 2.9 | $49M | 1.1M | 45.57 | |
| Procter & Gamble Company (PG) | 2.8 | $47M | 675k | 69.36 | |
| Merck & Co (MRK) | 2.8 | $46M | 1.0M | 45.10 | |
| Waste Management (WM) | 2.8 | $46M | 1.4M | 32.08 | |
| At&t (T) | 2.6 | $43M | 1.1M | 37.70 | |
| Intel Corporation (INTC) | 2.5 | $41M | 1.8M | 22.66 | |
| Central Fd Cda Ltd cl a | 2.5 | $41M | 1.7M | 23.81 | |
| Pepsi (PEP) | 2.2 | $37M | 519k | 70.77 | |
| Paychex (PAYX) | 2.1 | $35M | 1.1M | 33.29 | |
| E.I. du Pont de Nemours & Company | 2.1 | $34M | 678k | 50.27 | |
| Vodafone | 2.0 | $34M | 1.2M | 28.50 | |
| Coca-Cola Company (KO) | 2.0 | $34M | 889k | 37.93 | |
| Cisco Systems (CSCO) | 2.0 | $34M | 1.8M | 19.09 | |
| Wells Fargo & Company (WFC) | 2.0 | $34M | 970k | 34.53 | |
| Transcanada Corp | 2.0 | $33M | 733k | 45.50 | |
| General Electric Company | 2.0 | $33M | 1.4M | 22.71 | |
| Abbott Laboratories (ABT) | 1.9 | $31M | 452k | 68.56 | |
| Microsoft Corporation (MSFT) | 1.8 | $30M | 1.0M | 29.76 | |
| Automatic Data Processing (ADP) | 1.8 | $30M | 509k | 58.66 | |
| Archer Daniels Midland Company (ADM) | 1.7 | $29M | 1.1M | 27.18 | |
| Kinder Morgan (KMI) | 1.7 | $29M | 807k | 35.52 | |
| JPMorgan Chase & Co. (JPM) | 1.6 | $27M | 673k | 40.48 | |
| Yamana Gold | 1.6 | $27M | 1.4M | 19.11 | |
| Clorox Company (CLX) | 1.6 | $27M | 370k | 72.05 | |
| Wal-Mart Stores (WMT) | 1.6 | $26M | 358k | 73.80 | |
| 3M Company (MMM) | 1.6 | $26M | 285k | 92.42 | |
| Colgate-Palmolive Company (CL) | 1.5 | $24M | 226k | 107.22 | |
| SYSCO Corporation (SYY) | 1.5 | $24M | 773k | 31.27 | |
| Thomson Reuters Corp | 1.4 | $24M | 830k | 28.86 | |
| Exxon Mobil Corporation (XOM) | 1.4 | $23M | 249k | 91.45 | |
| Walgreen Company | 1.4 | $23M | 624k | 36.44 | |
| Kimberly-Clark Corporation (KMB) | 1.4 | $22M | 262k | 85.78 | |
| GlaxoSmithKline | 1.3 | $21M | 458k | 46.24 | |
| Chevron Corporation (CVX) | 1.3 | $21M | 181k | 116.56 | |
| EMC Corporation | 1.3 | $21M | 770k | 27.27 | |
| People's United Financial | 1.2 | $21M | 1.7M | 12.14 | |
| Travelers Companies (TRV) | 1.2 | $20M | 287k | 68.26 | |
| Broadcom Corporation | 1.2 | $19M | 557k | 34.57 | |
| Emerson Electric (EMR) | 1.1 | $18M | 367k | 48.27 | |
| Walt Disney Company (DIS) | 1.0 | $16M | 310k | 52.28 | |
| McCormick & Company, Incorporated (MKC) | 0.6 | $10M | 164k | 62.04 | |
| Bank of America Corporation (BAC) | 0.5 | $8.1M | 916k | 8.83 | |
| SPDR Gold Trust (GLD) | 0.5 | $7.7M | 45k | 171.89 | |
| Eli Lilly & Co. (LLY) | 0.4 | $6.9M | 146k | 47.41 | |
| iShares MSCI Japan Index | 0.4 | $6.6M | 724k | 9.17 | |
| Market Vectors Gold Miners ETF | 0.2 | $4.1M | 77k | 53.69 | |
| Philip Morris International (PM) | 0.2 | $3.9M | 43k | 89.95 | |
| Spdr S&p 500 Etf (SPY) | 0.2 | $3.4M | 24k | 143.97 | |
| Royal Gold (RGLD) | 0.2 | $2.9M | 29k | 99.83 | |
| iShares Gold Trust | 0.2 | $2.7M | 159k | 17.27 | |
| iShares Dow Jones Select Dividend (DVY) | 0.1 | $2.3M | 41k | 57.68 | |
| Altria (MO) | 0.1 | $1.7M | 51k | 33.40 | |
| Vanguard Utilities ETF (VPU) | 0.1 | $1.7M | 22k | 77.96 | |
| Ishares High Dividend Equity F (HDV) | 0.1 | $1.6M | 26k | 60.94 | |
| Royal Dutch Shell | 0.1 | $1.5M | 22k | 71.30 | |
| Rydex S&P Equal Weight ETF | 0.1 | $1.5M | 28k | 52.17 | |
| Dominion Resources (D) | 0.1 | $818k | 16k | 52.94 | |
| Apple (AAPL) | 0.1 | $781k | 1.2k | 666.38 | |
| American Wtr Wks | 0.1 | $792k | 21k | 37.06 | |
| Novartis (NVS) | 0.0 | $651k | 11k | 61.34 | |
| Unilever | 0.0 | $635k | 18k | 35.49 | |
| Vanguard Telecommunication Services ETF (VOX) | 0.0 | $693k | 9.2k | 75.08 | |
| Japan Smaller Capitalizaion Fund (JOF) | 0.0 | $649k | 90k | 7.22 | |
| Via | 0.0 | $460k | 8.6k | 53.64 | |
| Diageo (DEO) | 0.0 | $523k | 4.6k | 112.72 | |
| Royal Dutch Shell | 0.0 | $481k | 6.9k | 69.36 | |
| Exelon Corporation (EXC) | 0.0 | $421k | 12k | 35.59 | |
| SBA Communications Corporation | 0.0 | $528k | 8.4k | 62.95 | |
| Market Vectors Junior Gold Miners ETF | 0.0 | $493k | 20k | 24.74 | |
| Vanguard REIT ETF (VNQ) | 0.0 | $455k | 7.0k | 65.00 | |
| McDonald's Corporation (MCD) | 0.0 | $391k | 4.3k | 91.81 | |
| UnitedHealth (UNH) | 0.0 | $283k | 5.1k | 55.38 | |
| Kinder Morgan Energy Partners | 0.0 | $250k | 3.0k | 82.64 | |
| SPDR S&P MidCap 400 ETF (MDY) | 0.0 | $332k | 1.8k | 179.95 | |
| Vanguard Consumer Staples ETF (VDC) | 0.0 | $270k | 3.0k | 91.53 | |
| Templeton Emerging Markets (EMF) | 0.0 | $332k | 18k | 18.45 | |
| Petroleum & Resources Corporation | 0.0 | $289k | 11k | 26.20 | |
| Teva Pharmaceutical Industries (TEVA) | 0.0 | $232k | 5.6k | 41.42 | |
| Target Corporation (TGT) | 0.0 | $203k | 3.2k | 63.40 | |
| Kellogg Company (K) | 0.0 | $225k | 4.4k | 51.71 | |
| 0.0 | $226k | 300.00 | 753.33 | ||
| Piedmont Office Realty Trust (PDM) | 0.0 | $187k | 11k | 17.32 | |
| Japan Equity Fund | 0.0 | $187k | 37k | 5.10 | |
| Sprott Physical Gold Trust (PHYS) | 0.0 | $182k | 12k | 15.17 | |
| SPDR S&P Dividend (SDY) | 0.0 | $26k | 450.00 | 57.78 | |
| Sea Containers (SEAOF) | 0.0 | $3.0k | 51k | 0.06 | |
| Legend International Holdings (LGDI) | 0.0 | $1.0k | 10k | 0.10 | |
| Advanta Corp. | 0.0 | $0 | 10k | 0.00 |
