13F filer · CIK 1103804 ↗
Viking Global
You are looking at Q4 2025. See the latest, Q2 2026 →
Reported value
$37.68B
−2.1% on the quarter before
Positions
76
21 new · 23 sold out
Top 10
34.7%
of the value
Est. gain
+$1.14B
on stocks held all quarter
Est. return
+4.4%
on those stocks since Q3 2025
Positions as of Dec 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, 62% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2025. Striped tiles are options.
Largest buys
Since Q3 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.
- Alphabet~$834.5MNew · 0.0% → 2.2%+2,666,272 shares
- Intercontinental Exchange In~$777.9MNew · 0.0% → 2.1%+4,803,197 shares
- Amazon~$721.7MNew · 0.0% → 1.9%+3,126,816 shares
- Dicks Sporting Goods Inc~$509.4MNew · 0.0% → 1.4%+2,572,969 shares
- Thermo Fisher Scientific Inc~$459.6MNew · 0.0% → 1.2%+793,187 shares
- Stellantis N.V~$434.3MNew · 0.0% → 1.2%+39,062,551 shares
- Carnival Corp~$429.4MNew · 0.0% → 1.1%+14,061,827 shares
- Unitedhealth Group Inc~$395.2MNew · 0.0% → 1.0%+1,197,273 shares
- Visa Inc.~$381.3MAdded · 2.6% → 3.7%+1,087,175 shares
- Microsoft~$381.2MAdded · 3.3% → 4.1%+788,230 shares
Largest sells
Since Q3 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.
- Capital One Finl Corp~$1.08BCut · 4.1% → 1.9%−4,436,189 shares
- Jpmorgan Chase & Co.~$1.02BCut · 4.1% → 1.6%−3,153,078 shares
- Blackrock Inc~$722.2MSold out · 1.9% → 0.0%−619,492 shares
- Philip Morris Intl Inc~$717.9MSold out · 1.9% → 0.0%−4,426,128 shares
- Meta~$682.2MSold out · 1.8% → 0.0%−929,003 shares
- Nike Inc~$627.3MSold out · 1.6% → 0.0%−8,996,579 shares
- Netflix~$600.4MSold out · 1.6% → 0.0%−500,812 shares
- Cencora Inc~$555.7MSold out · 1.4% → 0.0%−1,778,135 shares
- Danaher Corporation~$545.5MSold out · 1.4% → 0.0%−2,751,245 shares
- Primo Brands Corporation~$509.1MSold out · 1.3% → 0.0%−23,033,970 shares
Holdings
As of Dec 31, 2025. Changes are in shares against Sep 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| MicrosoftCOM · shares +32% · price −6.6% | 4.1% | $1.56B | −$83.4M | ||||||||
| Pnc Finl Svcs Group IncCOM · shares −8.4% · price +3.9% | 4.0% | $1.52B | +$56.8M | ||||||||
| TSMCSPONSORED ADS · shares +25% · price +8.8% | 4.0% | $1.49B | +$97.0M | ||||||||
| Visa Inc.COM CL A · shares +38% · price +2.7% | 3.7% | $1.40B | +$27.0M | ||||||||
| Schwab Charles CorpCOM · shares −16% · price +4.7% | 3.7% | $1.39B | +$61.6M | ||||||||
| Walt Disney Company (The)COM · shares +7.1% · price −0.6% | 3.4% | $1.27B | −$7.6M | ||||||||
| Air Prods & Chems IncCOM · shares +30% · price −9.4% | 3.1% | $1.18B | −$94.2M | ||||||||
| Mcdonalds CorpCOM · shares +7.2% · price +0.6% | 2.9% | $1.11B | +$5.9M | ||||||||
| Bridgebio Pharma IncCOM · shares −9.9% · price +47.3% | 2.9% | $1.10B | +$353.4M | ||||||||
| Fortive CorpCOM · shares −6.1% · price +12.7% | 2.8% | $1.06B | +$119.6M | ||||||||
| Sherwin Williams CoCOM · shares +10% · price −6.4% | 2.7% | $1.03B | −$64.0M | ||||||||
| Boeing CoCOM · shares +31% · price +0.6% | 2.3% | $858.3M | +$3.9M | ||||||||
| AlphabetCAP STK CL A · shares New | 2.2% | $834.5M | — | ||||||||
| AMDCOM · shares −11% · price +32.4% | 2.1% | $801.4M | +$196.0M | ||||||||
| Intercontinental Exchange InCOM · shares New | 2.1% | $777.9M | — | ||||||||
| TeslaCOM · shares +5.6% · price +1.1% | 2.0% | $764.4M | +$8.0M | ||||||||
| T-Mobile Us IncCOM · shares +15% · price −15.2% | 2.0% | $762.3M | −$118.6M | ||||||||
| AmazonCOM · shares New | 1.9% | $721.7M | — | ||||||||
| Capital One Finl CorpCOM · shares −60% · price +14.0% | 1.9% | $715.5M | +$87.9M | ||||||||
| Johnson Ctls Intl PlcSHS · shares −13% · price +8.9% | 1.9% | $708.8M | +$58.0M | ||||||||
| Draftkings Inc NewCOM CL A · shares +27% · price −7.9% | 1.7% | $658.9M | −$44.1M | ||||||||
| Jpmorgan Chase & Co.COM · shares −62% · price +2.2% | 1.6% | $614.1M | +$12.9M | ||||||||
| Ross Stores IncCOM · shares +57% · price +18.2% | 1.5% | $570.6M | +$56.2M | ||||||||
| General Mtrs CoCOM · shares −48% · price +33.4% | 1.5% | $553.5M | +$138.5M | ||||||||
| Mid-Amer Apt Cmntys IncCOM · shares +47% · price −0.6% | 1.4% | $539.0M | −$2.2M | ||||||||
| Total · 76 positions | 100% | $37.68B | +$1.14B |
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 Q3 2025 to Q4 2025: 55 stocks held throughout, up $1.14B (+4.4%).
- Bridgebio Pharma Inc+$353.4M+47%
- AMD+$196.0M+32%
- General Mtrs Co+$138.5M+33%
- Fortive Corp+$119.6M+13%
- TSMC+$97.0M+9%
- Microsoft−$83.4M−7%
- Air Prods & Chems Inc−$94.2M−9%
- Tic Solutions Inc−$110.0M−24%
- T-Mobile Us Inc−$118.6M−15%
- Sea−$155.5M−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 ↗ |