13F filer · CIK 1103804 ↗
Viking Global
You are looking at Q1 2025. See the latest, Q2 2026 →
Reported value
$31.48B
+1.9% on the quarter before
Positions
91
27 new · 22 sold out
Top 10
33.6%
of the value
Est. gain
−$149.5M
on stocks held all quarter
Est. return
−0.7%
on those stocks since Q4 2024
Positions as of Mar 31, 2025, from Viking Global's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
The 24 largest positions, 61% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2024. Striped tiles are options.
Largest buys
Since Q4 2024, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Meta~$845.1MNew · 0.0% → 2.7%+1,466,311 shares
- Capital One Finl Corp~$823.2MNew · 0.0% → 2.6%+4,591,100 shares
- Chubb Limited~$588.6MNew · 0.0% → 1.9%+1,949,065 shares
- Sea~$542.9MNew · 0.0% → 1.7%+4,160,096 shares
- Nvidia~$488.9MAdded · 0.9% → 2.3%+4,511,122 shares
- Us Bancorp Del~$439.8MAdded · 3.8% → 4.7%+10,415,745 shares
- Acuren Corp~$382.1MNew · 0.0% → 1.2%+34,360,000 shares
- Mcdonalds Corp~$359.4MNew · 0.0% → 1.1%+1,150,434 shares
- Deutsche Bank Ag~$356.4MNew · 0.0% → 1.1%+15,106,082 shares
- Nike Inc~$352.1MNew · 0.0% → 1.1%+5,546,625 shares
Largest sells
Since Q4 2024, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Jpmorgan Chase & Co.~$1.30BCut · 5.8% → 1.7%−5,294,539 shares
- Spotify Technology S A~$745.7MCut · 2.2% → 0.3%−1,355,708 shares
- Comcast Corp New~$743.8MSold out · 2.4% → 0.0%−19,818,985 shares
- Alphabet~$693.1MSold out · 2.2% → 0.0%−3,661,375 shares
- Microsoft~$640.6MCut · 3.3% → 0.8%−1,706,382 shares
- DoorDash~$565.0MCut · 2.7% → 1.1%−3,091,355 shares
- Adobe~$549.0MSold out · 1.8% → 0.0%−1,234,688 shares
- Starbucks Corp~$487.6MSold out · 1.6% → 0.0%−5,344,064 shares
- Visa Inc.~$480.1MCut · 3.6% → 2.4%−1,369,999 shares
- Metlife Inc~$476.3MCut · 1.6% → 0.0%−5,932,728 shares
Holdings
As of Mar 31, 2025. Changes are in shares against Dec 31, 2024, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Us Bancorp DelCOM NEW · shares +43% · price −11.7% | 4.7% | $1.47B | −$137.2M | ||||||||
| Schwab Charles CorpCOM · shares +21% · price +5.8% | 4.4% | $1.39B | +$62.6M | ||||||||
| Bank America CorpCOM · shares +30% · price −5.1% | 4.3% | $1.34B | −$54.9M | ||||||||
| Unitedhealth Group IncCOM · shares +12% · price +3.5% | 3.6% | $1.12B | +$34.0M | ||||||||
| IntuitCOM · shares −0.7% · price −2.3% | 3.3% | $1.05B | −$24.8M | ||||||||
| Fortive CorpCOM · shares −1.8% · price −2.4% | 3.0% | $947.7M | −$23.6M | ||||||||
| MetaCL A · shares New | 2.7% | $845.1M | — | ||||||||
| Capital One Finl CorpCOM · shares New | 2.6% | $823.2M | — | ||||||||
| TSMCSPONSORED ADS · shares +20% · price −15.9% | 2.6% | $811.6M | −$128.8M | ||||||||
| Api Group CorpCOM STK · shares 0% · price −0.6% | 2.4% | $770.2M | −$4.5M | ||||||||
| Biomarin Pharmaceutical IncCOM · shares +2.8% · price +7.5% | 2.4% | $763.5M | +$52.1M | ||||||||
| Bridgebio Pharma IncCOM · shares −12% · price +26.0% | 2.4% | $762.5M | +$157.3M | ||||||||
| Visa Inc.COM CL A · shares −39% · price +10.9% | 2.4% | $744.8M | +$73.1M | ||||||||
| NvidiaCOM · shares +222% · price −19.3% | 2.3% | $709.1M | −$52.6M | ||||||||
| NetflixCOM · shares +49% · price +4.6% | 2.2% | $698.9M | +$20.7M | ||||||||
| Chubb LimitedCOM · shares New | 1.9% | $588.6M | — | ||||||||
| Flutter Entmt PlcSHS · shares +37% · price −14.3% | 1.8% | $565.9M | −$69.0M | ||||||||
| Ross Stores IncCOM · shares +153% · price −15.5% | 1.8% | $552.2M | −$40.1M | ||||||||
| Intercontinental Exchange InCOM · shares +16% · price +15.8% | 1.8% | $552.1M | +$65.0M | ||||||||
| Boeing CoCOM · shares +8.6% · price −3.6% | 1.8% | $551.1M | −$19.2M | ||||||||
| SeaSPONSORD ADS · shares New | 1.7% | $542.9M | — | ||||||||
| Carvana CoCL A · shares +192% · price +2.8% | 1.7% | $534.0M | +$5.0M | ||||||||
| Jpmorgan Chase & Co.COM · shares −71% · price +2.3% | 1.7% | $532.7M | +$12.1M | ||||||||
| AmazonCOM · shares +4.1% · price −13.3% | 1.6% | $517.8M | −$76.1M | ||||||||
| Philip Morris Intl IncCOM · shares −37% · price +31.9% | 1.6% | $510.1M | +$123.3M | ||||||||
| Total · 91 positions | 100% | $31.48B | −$149.5M |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q4 2024 to Q1 2025: 64 stocks held throughout, down $149.5M (−0.7%).
- Bridgebio Pharma Inc+$157.3M+26%
- Philip Morris Intl Inc+$123.3M+32%
- Visa Inc.+$73.1M+11%
- Intercontinental Exchange In+$65.0M+16%
- Schwab Charles Corp+$62.6M+6%
- Flutter Entmt Plc−$69.0M−14%
- Amazon−$76.1M−13%
- Roivant Sciences Ltd−$80.1M−15%
- TSMC−$128.8M−16%
- Us Bancorp Del−$137.2M−12%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | $35.08B−2% | SEC ↗ |
| Q1 2026 | May 15, 2026 | $35.75B−5% | SEC ↗ |
| Q4 2025 | Feb 17, 2026 | $37.68B−2% | SEC ↗ |
| Q3 2025 | Nov 14, 2025 | $38.50B+11% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $34.59B+10% | SEC ↗ |
| Q1 2025 | May 15, 2025 | $31.48B+2% | SEC ↗ |
| Q4 2024 | Feb 14, 2025 | $30.90B+13% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $27.44B+5% | SEC ↗ |
| Q2 2024 | Aug 14, 2024 | $26.02B−3% | SEC ↗ |
| Q1 2024 | May 15, 2024 | $26.86B−2% | SEC ↗ |
| Q4 2023 | Feb 14, 2024 | $27.30B+11% | SEC ↗ |
| Q3 2023 | Nov 14, 2023 | $24.64B+1% | SEC ↗ |
| Q2 2023 | Aug 14, 2023 | $24.43B+15% | SEC ↗ |
| Q1 2023 | May 15, 2023 | $21.31B+7% | SEC ↗ |
| Q4 2022 | Feb 14, 2023 | $19.98B−8% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $21.66B−1% | SEC ↗ |
| Q2 2022 | Aug 15, 2022 | $21.86B−12% | SEC ↗ |
| Q1 2022 | May 16, 2022 | $24.74B−29% | SEC ↗ |
| Q4 2021 | May 16, 2022 (amended) | $34.71B−5% | SEC ↗ |
| Q3 2021 | May 16, 2022 (amended) | $36.46B+11% | SEC ↗ |
| Q2 2021 | Aug 16, 2021 | $32.98B−2% | SEC ↗ |
| Q1 2021 | May 17, 2021 | $33.58B−8% | SEC ↗ |
| Q4 2020 | Feb 16, 2021 | $36.37B+31% | SEC ↗ |
| Q3 2020 | Nov 16, 2020 | $27.68B+20% | SEC ↗ |
| Q2 2020 | Aug 7, 2020 | $23.14B+20% | SEC ↗ |
| Q1 2020 | May 13, 2020 | $19.21B−10% | SEC ↗ |
| Q4 2019 | Feb 13, 2020 | $21.35B+11% | SEC ↗ |
| Q3 2019 | Nov 13, 2019 | $19.20B−14% | SEC ↗ |
| Q2 2019 | Aug 14, 2019 | $22.29B+28% | SEC ↗ |
| Q1 2019 | May 15, 2019 | $17.44B−1% | SEC ↗ |
| Q4 2018 | Feb 14, 2019 | $17.57B−3% | SEC ↗ |
| Q3 2018 | Nov 14, 2018 | $18.06B+3% | SEC ↗ |
| Q2 2018 | Aug 14, 2018 | $17.47B+5% | SEC ↗ |
| Q1 2018 | May 15, 2018 | $16.61B+2% | SEC ↗ |
| Q4 2017 | Feb 14, 2018 | $16.26B+5% | SEC ↗ |
| Q3 2017 | Nov 14, 2017 | $15.44B+4% | SEC ↗ |
| Q2 2017 | Aug 14, 2017 | $14.85B−34% | SEC ↗ |
| Q1 2017 | May 15, 2017 | $22.64B+3% | SEC ↗ |
| Q4 2016 | Feb 14, 2017 | $22.01B−5% | SEC ↗ |
| Q3 2016 | Nov 14, 2016 | $23.18B−2% | SEC ↗ |
| Q2 2016 | Aug 15, 2016 | $23.54B+4% | SEC ↗ |
| Q1 2016 | May 16, 2016 | $22.72B | SEC ↗ |