Viking Global Investors
Viking Global Investors, founded by Ole Andreas Halvorsen in 1999, is a global investment firm based in Greenwich, Connecticut. Halvorsen, a protégé of Julian Robertson at Tiger Management, brings a reputation for a rigorous, research-driven investment approach. The firm primarily focuses on long/short equity strategies, aiming to deliver high long-term returns with low correlation to global markets.
AUM figures shown are calculated by summing the reported market value of all positions in SEC 13F-HR filings — not the fund's actual assets under management.
- Excludes cash, bonds, private equity, short positions, and foreign-listed stocks not required to be reported.
- For PUT and CALL options, the reported Value is the notional value of the underlying shares — not the option premium paid. This significantly overstates the actual capital at risk.
- Actual fund AUM is typically higher and includes strategies, instruments, and positions that never appear in a 13F.
- 13F filings cover institutional managers with ≥$100M in 13F securities. Positions reflect end-of-quarter holdings, disclosed up to 45 days after the period ends.
Data sourced from SEC EDGAR. This tracker is for informational purposes only and does not constitute investment advice.
Portfolio Holdings
Top 30 positions
| Ticker | Issuer | Notional | Port % | @ Filing | Now (EOD) | Since Filing | Allocation |
|---|---|---|---|---|---|---|---|
| V | $1.91B | 5.35% | $301.61 | $351.45 | +16.5% | 5.3% | |
| TSM | $1.51B | 4.22% | $337.16 | $431.47 | +28.0% | 4.2% | |
| SCHW | $1.38B | 3.86% | $93.64 | $102.05 | +9.0% | 3.9% | |
| DIS | $1.28B | 3.59% | $95.65 | $97.35 | +1.8% | 3.6% | |
| FTV | $1.24B | 3.48% | $55.23 | $62.64 | +13.4% | 3.5% | |
| APD | $1.19B | 3.33% | $286.90 | $306.55 | +6.8% | 3.3% | |
| MCD | $1.13B | 3.15% | $310.79 | $282.21 | -9.2% | 3.1% | |
| SHW | $997.8M | 2.79% | $319.72 | $342.20 | +7.0% | 2.8% | |
| TSLA | $927.0M | 2.59% | $371.75 | $403.48 | +8.5% | 2.6% | |
| AAPL | $911.9M | 2.55% | $253.56 | $311.94 | +23.0% | 2.5% | |
| BBIO | $879.4M | 2.46% | $74.26 | $78.46 | +5.7% | 2.5% | |
| CVNA | $874.0M | 2.44% | $62.88 | $69.14 | +10.0% | 2.4% | |
| MSFT | $854.9M | 2.39% | $369.37 | $390.90 | +5.8% | 2.4% | |
| TMO | $819.9M | 2.29% | $491.04 | $515.24 | +4.9% | 2.3% | |
| JPM | $795.4M | 2.23% | $291.35 | $339.39 | +16.5% | 2.2% | |
| CSX | $766.7M | 2.14% | $40.92 | $48.51 | +18.6% | 2.1% | |
| ICE | $760.8M | 2.13% | $156.70 | $136.76 | -12.7% | 2.1% | |
| LII | $729.8M | 2.04% | $463.02 | $555.57 | +20.0% | 2.0% | |
| GOOGL | $689.0M | 1.93% | $287.39 | $368.74 | +28.3% | 1.9% | |
| FDX | $688.2M | 1.93% | $285.94 | $311.45 | +8.9% | 1.9% | |
| GM | $683.7M | 1.91% | $74.34 | $76.22 | +2.5% | 1.9% | |
| BA | $636.1M | 1.78% | $199.03 | $231.81 | +16.5% | 1.8% | |
| PNC | $629.9M | 1.76% | $206.50 | $255.60 | +23.8% | 1.8% | |
| TMUS | $623.2M | 1.74% | $208.90 | $187.55 | -10.2% | 1.7% | |
| META | $607.9M | 1.70% | $571.60 | $619.76 | +8.4% | 1.7% | |
| RRX | $588.5M | 1.65% | $186.96 | $209.71 | +12.2% | 1.6% | |
| MAA | $586.0M | 1.64% | $120.64 | $143.06 | +18.6% | 1.6% | |
| JCI | $578.8M | 1.62% | $130.59 | $139.82 | +7.1% | 1.6% | |
| MDLN | $508.8M | 1.42% | $44.50 | $42.94 | -3.5% | 1.4% | |
| HCA | $508.8M | 1.42% | $472.29 | $421.00 | -10.9% | 1.4% |
Quarter-on-Quarter Activity
Q1 2026 vs. Q4 2025
New Positions (8)
| Ticker | Issuer | Notional | Since Filing |
|---|---|---|---|
| AAPL | $911.9M | +23.0% | |
| FDX | $688.2M | +8.9% | |
| META | $607.9M | +8.4% | |
| ATI | $484.8M | ||
| WAT | $374.2M | ||
| HAS | $350.0M | ||
| RDDT | $343.6M | ||
| AIG | $317.6M |
Exited Positions (8)
| Ticker | Issuer | Notional |
|---|---|---|
| AMD | $801.4M | |
| DKNG | $658.9M | |
| ROST | $570.6M | |
| CHWY | $447.4M | |
| UBS | $426.0M | |
| UNH | $395.2M | |
| SAIA | $355.4M | |
| TW | $297.7M |
Increased (8)
| Ticker | Issuer | Notional | Shares Δ | Since Filing |
|---|---|---|---|---|
| CVNA | $426.0M | +161.9% | +10.0% | |
| LII | $428.1M | +153.1% | +20.0% | |
| TMO | $360.3M | +110.3% | +4.9% | |
| MDLN | $216.5M | +64.3% | -3.5% | |
| V | $515.3M | +58.8% | +16.5% | |
| AS | $59.5M | +51.0% | ||
| TSLA | $162.6M | +46.7% | +8.5% | |
| JPM | $181.3M | +41.9% | +16.5% |
Trimmed (8)
| Ticker | Issuer | Notional | Shares Δ | Since Filing |
|---|---|---|---|---|
| AMZN | $-472.8M | -61.8% | ||
| STLA | $-322.4M | -59.1% | ||
| PNC | $-891.1M | -58.5% | +23.8% | |
| DKS | $-258.7M | -50.9% | ||
| APG | $-204.9M | -49.4% | ||
| COF | $-421.4M | -45.4% | ||
| RAL | $-72.2M | -32.5% | ||
| AJG | $-111.8M | -30.1% |
Quarter Activity
During the last quarter, Viking Global Investors initiated significant new positions in Apple, FedEx, and Meta Platforms, with investments totaling $912 million, $688 million, and $608 million respectively. The fund also exited substantial stakes in Advanced Micro Devices, DraftKings, and Ross Stores, with the values of the exited positions at $801 million, $659 million, and $571 million respectively. Additionally, there was a notable increase in the fund's holdings in Carvana and Lennox International, while it reduced its stakes in Amazon and Stellantis.
AI Commentary
<p>Viking Global Investors' portfolio showcases a strong concentration in high-value, well-established companies, with Visa Inc. (V) leading the pack at $1,913 million, representing 5.3% of the total assets under management. This is followed by significant investments in Taiwan Semiconductor Manufacturing (TSM), Charles Schwab Corporation (SCHW), and Walt Disney Co. (DIS), indicating a diverse interest across technology, financial services, and entertainment sectors. The top ten holdings, which also include Fortive Corp (FTV), Air Products and Chemicals Inc (APD), McDonald's Corp (MCD), Sherwin Williams Co (SHW), Tesla Inc (TSLA), and Apple Inc (AAPL), collectively form a substantial portion of the portfolio, emphasizing Viking's strategy of investing in large-cap, industry-leading companies.</p> <p>The recent quarter's activity signals a strategic shift in Viking Global Investors' portfolio, with new positions in Apple Inc (AAPL), FedEx Corp (FDX), Meta Platforms Inc (META), Allegheny Technologies Inc (ATI), and Waters Corporation (WAT). The closure of positions in Advanced Micro Devices (AMD), DraftKings Inc (DKNG), Ross Stores Inc (ROST), Chewy Inc (CHWY), and UBS Group AG (UBS) alongside significant reductions in Amazon.com Inc (AMZN) and Stellantis NV (STLA) suggests a recalibration away from certain tech and consumer discretionary stocks. The substantial increases in positions like Carvana Co (CVNA) and Lennox International Inc (LII) further reflect a nuanced, selective approach towards growth-oriented investments, possibly indicating a bullish outlook on specific sectors despite broader market uncertainties.</p>