13F filer · CIK 1103804 ↗
Viking Global
You are looking at Q2 2025. See the latest, Q2 2026 →
Reported value
$34.59B
+9.9% on the quarter before
Positions
83
20 new · 28 sold out
Top 10
31.1%
of the value
Est. gain
+$2.41B
on stocks held all quarter
Est. return
+11.6%
on those stocks since Q1 2025
Positions as of Jun 30, 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, 57% of the reported value, each sized by its share, colored by what the fund did with it since Q1 2025. Striped tiles are options.
Largest buys
Since Q1 2025, 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.
- Walt Disney Company (The)~$725.2MNew · 0.0% → 2.1%+5,848,066 shares
- Air Prods & Chems Inc~$607.6MNew · 0.0% → 1.8%+2,154,154 shares
- Mcdonalds Corp~$577.0MAdded · 1.1% → 2.6%+1,974,998 shares
- Jpmorgan Chase & Co.~$542.2MAdded · 1.7% → 3.4%+1,870,386 shares
- Danaher Corporation~$485.2MAdded · 0.3% → 1.7%+2,455,994 shares
- Pnc Finl Svcs Group Inc~$442.9MNew · 0.0% → 1.3%+2,375,664 shares
- American Tower~$432.8MAdded · 0.6% → 1.8%+1,958,329 shares
- Primo Brands Corporation~$431.8MAdded · 0.6% → 1.7%+14,578,589 shares
- Block~$368.2MNew · 0.0% → 1.1%+5,420,475 shares
- Sherwin Williams Co~$338.4MAdded · 1.1% → 1.9%+985,520 shares
Largest sells
Since Q1 2025, 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.
- Unitedhealth Group Inc~$1.12BSold out · 3.6% → 0.0%−2,137,806 shares
- Intuit~$1.05BSold out · 3.3% → 0.0%−1,706,420 shares
- Meta~$886.3MCut · 2.7% → 0.6%−1,200,812 shares
- Netflix~$698.9MSold out · 2.2% → 0.0%−749,431 shares
- Chubb Limited~$588.6MSold out · 1.9% → 0.0%−1,949,065 shares
- Intercontinental Exchange In~$552.1MSold out · 1.8% → 0.0%−3,200,409 shares
- Api Group Corp~$510.5MCut · 2.4% → 1.7%−10,000,000 shares
- Carvana Co~$497.3MCut · 1.7% → 1.1%−1,475,885 shares
- Us Bancorp Del~$487.5MCut · 4.7% → 3.2%−10,774,074 shares
- Nvidia~$452.0MCut · 2.3% → 1.7%−2,861,172 shares
Holdings
As of Jun 30, 2025. Changes are in shares against Mar 31, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank America CorpCOM · shares −3.0% · price +13.4% | 4.3% | $1.48B | +$174.7M | ||||||||
| Schwab Charles CorpCOM · shares −11% · price +16.6% | 4.2% | $1.44B | +$204.4M | ||||||||
| Capital One Finl CorpCOM · shares +24% · price +18.7% | 3.5% | $1.21B | +$153.6M | ||||||||
| Jpmorgan Chase & Co.COM · shares +86% · price +18.2% | 3.4% | $1.17B | +$96.9M | ||||||||
| Us Bancorp DelCOM NEW · shares −31% · price +7.2% | 3.2% | $1.09B | +$73.0M | ||||||||
| TSMCSPONSORED ADS · shares −11% · price +36.4% | 2.8% | $980.5M | +$261.9M | ||||||||
| Mcdonalds CorpCOM · shares +172% · price −6.5% | 2.6% | $913.2M | −$23.2M | ||||||||
| AmazonCOM · shares +43% · price +15.3% | 2.5% | $855.0M | +$79.3M | ||||||||
| Fortive CorpCOM · shares +23% · price −28.8% | 2.4% | $829.5M | −$272.6M | ||||||||
| Bridgebio Pharma IncCOM · shares −16% · price +24.9% | 2.3% | $801.2M | +$159.8M | ||||||||
| Walt Disney Company (The)COM · shares New | 2.1% | $725.2M | — | ||||||||
| Hca Healthcare IncCOM · shares +58% · price +10.9% | 2.1% | $717.2M | +$44.4M | ||||||||
| T-Mobile Us IncCOM · shares +82% · price −10.7% | 2.0% | $677.9M | −$44.5M | ||||||||
| Biomarin Pharmaceutical IncCOM · shares +14% · price −22.2% | 2.0% | $675.5M | −$169.8M | ||||||||
| Sherwin Williams CoCOM · shares +101% · price −1.7% | 1.9% | $672.2M | −$5.7M | ||||||||
| Flutter Entmt PlcSHS · shares −11% · price +29.0% | 1.9% | $652.9M | +$146.7M | ||||||||
| General Mtrs CoCOM · shares +81% · price +4.6% | 1.9% | $640.7M | +$15.7M | ||||||||
| Philip Morris Intl IncCOM · shares +7.5% · price +14.7% | 1.8% | $629.1M | +$75.2M | ||||||||
| Cencora IncCOM · shares +95% · price +7.8% | 1.8% | $624.2M | +$23.2M | ||||||||
| American TowerCOM · shares +233% · price +1.6% | 1.8% | $618.2M | +$2.9M | ||||||||
| Csx CorpCOM · shares +11% · price +10.9% | 1.8% | $615.8M | +$54.6M | ||||||||
| Air Prods & Chems IncCOM · shares New | 1.8% | $607.6M | — | ||||||||
| Ross Stores IncCOM · shares +9.9% · price −0.2% | 1.8% | $605.7M | −$907,467 | ||||||||
| Boeing CoCOM · shares −12% · price +22.9% | 1.7% | $594.0M | +$110.5M | ||||||||
| Api Group CorpCOM STK · shares −46% · price +42.8% | 1.7% | $589.0M | +$176.4M | ||||||||
| Total · 83 positions | 100% | $34.59B | +$2.41B |
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 Q1 2025 to Q2 2025: 63 stocks held throughout, up $2.41B (+11.6%).
- TSMC+$261.9M+36%
- Schwab Charles Corp+$204.4M+17%
- Nvidia+$182.7M+46%
- Api Group Corp+$176.4M+43%
- Bank America Corp+$174.7M+13%
- Camden Ppty Tr−$26.1M−8%
- Primo Brands Corporation−$29.5M−17%
- T-Mobile Us Inc−$44.5M−11%
- Biomarin Pharmaceutical Inc−$169.8M−22%
- Fortive Corp−$272.6M−29%
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 ↗ |