VALLEY FORGE ASSET MANAGEMENT, LLC Information

150 S WARNER RD, KING OF PRUSSIA, Pennsylvania, 19406, (610) 687-6800

Report Date: 09/30/2014

Position Statistics

Total Positions 111
New Positions 19
Increased Positions 37
Decreased Positions 67
Positions with Activity 104
Sold Out Positions 11
Total Mkt Value (in $ millions) 845

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 5.02%
Capital Goods 2.72%
Conglomerates
Consumer Cyclical 1.17%
Consumer/Non-Cyclical 6.54%
Energy 5.66%
Financial 23.97%
Healthcare 11.74%
Services 18.94%
Technology 19.45%
Transportation 3.57%
Utilities 1.18%

37 INCREASED Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
CSX CORP COM 20,032 5,918 41.93 572,997
ANNALY CAP MGMT INC COM 14,576 6,146 72.91 1,366,078
PNC FINL SVCS GROUP INC COM 14,108 14,108 New 162,568
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 12,363 12,363 New 343,311
BOEING CO COM 11,988 11,988 New 89,415
GLAXOSMITHKLINE PLC SPONSORED ADR 11,919 345 2.99 263,744
EBAY INC COM 11,628 11,628 New 207,425
STRYKER CORP COM 10,679 10,679 New 115,390
MCDONALDS CORP COM 10,568 10,194 2,719.55 116,560
CUMMINS INC COM 10,168 10,168 New 68,775
INTERNATIONAL BUSINESS MACHS COM 9,314 9,314 New 59,566
QUALCOMM INC COM 9,036 9,036 New 124,452
CABOT OIL & GAS CORP COM 7,452 7,452 New 259,575
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 7,386 914 14.12 177,071
NOBLE ENERGY INC COM 5,846 5,846 New 123,016
RYDEX ETF TRUST GUG S&P500 EQ WT 2,395 70 3.00 30,000
ISHARES GOLD TRUST ISHARES 2,142 164 8.32 172,845
VANGUARD INDEX FDS S&P 500 ETF SHS 1,707 193 12.73 9,061
ISHARES TR CORE HIGH DV ETF 1,334 280 26.53 17,196
ROYAL DUTCH SHELL PLC SPON ADR B 1,271 .02 18,267