← Latest Viking Global portfolio

Viking Global portfolio · 2025-12-31

Form 13F reports holdings as of 2025-12-31 and was filed on 2026-02-17. It is delayed, can omit confidential positions, and is not the manager's current portfolio or fund NAV. Options show reported underlying value—not premium, net exposure, or investment intent.

Disclosed long book

$36.26 billion

Long positions

76

Calls / puts

0 / 0

Top 5 concentration

20.3%

Longs with AI data

16 / 76

Average AI 1Y

+20.6%

13F filing comparison

Quarter-over-quarter changes

2025-09-30 to 2025-12-31

Newly reported

21

No longer reported

23

Increased

17

Reduced

29

Newly reported this quarter

Present now and absent from the immediately preceding comparable filing.

PositionKindSharesValue

ALPHABET INC

ALPHABET INC

LONG2,666,272$834.5 million

ICE

INTERCONTINENTAL EXCHANGE IN

LONG4,803,197$777.9 million

AMAZON COM INC

AMAZON COM INC

LONG3,126,816$721.7 million

DICKS SPORTING GOODS INC

DICKS SPORTING GOODS INC

LONG2,572,969$509.4 million

TMO

THERMO FISHER SCIENTIFIC INC

LONG793,187$459.6 million

STELLANTIS N.V

STELLANTIS N.V

LONG39,062,551$434.3 million

CARNIVAL CORP

CARNIVAL CORP

LONG14,061,827$429.4 million

UNH

UNITEDHEALTH GROUP INC

LONG1,197,273$395.2 million

CHUBB LTD SWITZ

CHUBB LTD SWITZ

LONG1,013,839$316.4 million

PGR

PROGRESSIVE CORP

LONG1,331,538$303.2 million

LENNOX INTL INC

LENNOX INTL INC

LONG621,311$301.7 million

TRADEWEB MKTS INC

TRADEWEB MKTS INC

LONG2,768,659$297.7 million

MEDLINE INC

MEDLINE INC

LONG6,959,157$292.3 million

AJG

GALLAGHER ARTHUR J & CO

LONG1,040,977$269.4 million

DIGITAL RLTY TR INC

DIGITAL RLTY TR INC

LONG1,507,988$233.3 million

LOWES COS INC

LOWES COS INC

LONG912,040$219.9 million

FIG

FIGMA INC

LONG5,752,388$215.0 million

ITAU UNIBANCO HLDG S A

ITAU UNIBANCO HLDG S A

LONG28,396,545$203.3 million

RIOT

RIOT PLATFORMS INC

LONG12,428,894$157.5 million

IQV

IQVIA HLDGS INC

LONG619,236$139.6 million

WST

WEST PHARMACEUTICAL SVSC INC

LONG295,028$81.2 million

No longer reported this quarter

Present in the prior comparable filing and absent from this one.

PositionKindPrior sharesPrior value

APPLOVIN CORP

APPLOVIN CORP · COM CL A

LONG162,525$116.8 million

BLACKROCK INC

BLACKROCK INC · COM

LONG619,492$722.2 million

CBRE GROUP INC

CBRE GROUP INC · CL A

LONG1,210,004$190.6 million

CENCORA INC

CENCORA INC · COM

LONG1,778,135$555.7 million

CHIPOTLE MEXICAN GRILL INC

CHIPOTLE MEXICAN GRILL INC · COM

LONG6,636,563$260.1 million

DANAHER CORPORATION

DANAHER CORPORATION · COM

LONG2,751,245$545.5 million

DECKERS OUTDOOR CORP

DECKERS OUTDOOR CORP · COM

LONG1,726,926$175.1 million

DEUTSCHE BANK AG

DEUTSCHE BANK AG · NAMEN AKT

LONG6,102,855$214.6 million

EDWARDS LIFESCIENCES CORP

EDWARDS LIFESCIENCES CORP · COM

LONG3,069,151$238.7 million

ESTABLISHMENT LABS HLDGS INC

ESTABLISHMENT LABS HLDGS INC · COM

LONG343,465$14.1 million

FIRST SOLAR INC

FIRST SOLAR INC · COM

LONG767,996$169.4 million

INTEGER HLDGS CORP

INTEGER HLDGS CORP · COM

LONG1,024,942$105.9 million

INTUIT

INTUIT · COM

LONG264,136$180.4 million

KKR & CO INC

KKR & CO INC · COM

LONG2,709,024$352.0 million

MAPLEBEAR INC

MAPLEBEAR INC · COM

LONG832,857$30.6 million

META PLATFORMS INC

META PLATFORMS INC · CL A

LONG929,003$682.2 million

NETFLIX INC

NETFLIX INC · COM

LONG500,812$600.4 million

NIKE INC

NIKE INC · CL B

LONG8,996,579$627.3 million

PHILIP MORRIS INTL INC

PHILIP MORRIS INTL INC · COM

LONG4,426,128$717.9 million

PRIMO BRANDS CORPORATION

PRIMO BRANDS CORPORATION · CLASS A COM SHS

LONG23,033,970$509.1 million

RYAN SPECIALTY HOLDINGS INC

RYAN SPECIALTY HOLDINGS INC · CL A

LONG1,934,957$109.1 million

STUBHUB HLDGS INC

STUBHUB HLDGS INC · CL A

LONG2,040,816$34.4 million

TEVA PHARMACEUTICAL INDS LTD

TEVA PHARMACEUTICAL INDS LTD · SPONSORED ADS

LONG2,532,119$51.1 million

“No longer reported” means the position is absent from this comparable 13F filing. It does not prove the manager sold it: reporting thresholds, confidential treatment, corporate actions, or instrument changes can also explain the omission.

PositionKindSharesValueLong weightQuarter changeAI at filing · 1YAI now

MSFT

Microsoft Corporation

LONG3,217,642$1.56 billion4.3%INCREASED18.2%

1Y +16.6%

5Y +97.8% · 27 models

PNC

PNC Financial Services Group Inc.

LONG7,287,068$1.52 billion4.2%REDUCED13.1%

1Y +12.3%

5Y +59.2% · 24 models

TSM

Taiwan Semiconductor Manufacturing Co.

LONG4,914,896$1.49 billion4.1%INCREASED25.4%

1Y +24.3%

5Y +142.0% · 25 models

V

Visa Inc.

LONG3,984,205$1.40 billion3.9%INCREASED

1Y —

5Y —

SCHW

Charles Schwab Corporation

LONG13,872,905$1.39 billion3.8%REDUCED17.6%

1Y +16.6%

5Y +77.0% · 24 models

DIS

Walt Disney Co.

LONG11,193,504$1.27 billion3.5%INCREASED16.1%

1Y +14.7%

5Y +71.8% · 25 models

AIR PRODUCTS AND CHEMICALS I

AIR PRODUCTS AND CHEMICALS I · COM · 009158106

LONG4,782,534$1.18 billion3.3%INCREASED

1Y —

5Y —

MCD

McDonald's Corp.

LONG3,619,215$1.11 billion3.1%INCREASED10.8%

1Y +9.7%

5Y +52.4% · 24 models

BRIDGEBIO PHARMA INC

BRIDGEBIO PHARMA INC · COM · 10806X102

LONG14,393,934$1.10 billion3.0%REDUCED

1Y —

5Y —

FTV

Fortive

LONG19,228,265$1.06 billion2.9%REDUCED

1Y —

5Y —

SHW

Sherwin-Williams

LONG3,172,308$1.03 billion2.8%INCREASED

1Y —

5Y —

BA

Boeing Co.

LONG3,953,087$858.3 million2.4%INCREASED21.8%

1Y +19.0%

5Y +90.4% · 27 models

ALPHABET INC

ALPHABET INC · CAP STK CL A · 02079K305

LONG2,666,272$834.5 million2.3%NEWLY REPORTED

1Y —

5Y —

AMD

Advanced Micro Devices Inc.

LONG3,742,191$801.4 million2.2%REDUCED31.1%

1Y +26.1%

5Y +157.0% · 27 models

ICE

Intercontinental Exchange

LONG4,803,197$777.9 million2.1%NEWLY REPORTED

1Y —

5Y —

TSLA

Tesla Inc.

LONG1,699,741$764.4 million2.1%INCREASED29.5%

1Y +21.0%

5Y +131.9% · 27 models

TMUS

T-Mobile US

LONG3,754,218$762.3 million2.1%INCREASED

1Y —

5Y —

AMAZON COM INC

AMAZON COM INC · COM · 023135106

LONG3,126,816$721.7 million2.0%NEWLY REPORTED

1Y —

5Y —

CAPITAL ONE FINL CORP

CAPITAL ONE FINL CORP · COM · 14040H105

LONG2,952,317$715.5 million2.0%REDUCED

1Y —

5Y —

JCI

Johnson Controls

LONG5,918,707$708.8 million2.0%REDUCED

1Y —

5Y —

DRAFTKINGS INC NEW

DRAFTKINGS INC NEW · COM CL A · 26142V105

LONG19,119,912$658.9 million1.8%INCREASED

1Y —

5Y —

JPM

JPMorgan Chase & Co.

LONG1,905,982$614.1 million1.7%REDUCED13.6%

1Y +12.9%

5Y +66.8% · 26 models

ROSS STORES INC

ROSS STORES INC · COM · 778296103

LONG3,167,479$570.6 million1.6%INCREASED

1Y —

5Y —

GM

General Motors

LONG6,806,095$553.5 million1.5%REDUCED

1Y —

5Y —

MAA

Mid-America Apartments

LONG3,880,048$539.0 million1.5%INCREASED

1Y —

5Y —

CAMDEN PPTY TR

CAMDEN PPTY TR · SH BEN INT · 133131102

LONG4,764,495$524.5 millionINCREASED

1Y —

5Y —

DICKS SPORTING GOODS INC

DICKS SPORTING GOODS INC · COM · 253393102

LONG2,572,969$509.4 million1.4%NEWLY REPORTED

1Y —

5Y —

CLS

Celestica Inc.

LONG1,699,236$502.3 million1.4%REDUCED27.3%

1Y +29.3%

5Y +149.8% · 23 models

CSX

CSX Corporation

LONG13,817,539$500.9 million1.4%REDUCED

1Y —

5Y —

ADAPTIVE BIOTECHNOLOGIES COR

ADAPTIVE BIOTECHNOLOGIES COR · COM · 00650F109

LONG29,993,708$487.1 million1.3%UNCHANGED

1Y —

5Y —

SEA LTD

SEA LTD · SPONSORD ADS · 81141R100

LONG3,671,545$468.4 millionINCREASED

1Y —

5Y —

HCA

HCA Healthcare

LONG999,180$466.5 million1.3%REDUCED

1Y —

5Y —

TMO

Thermo Fisher Scientific Inc.

LONG793,187$459.6 million1.3%NEWLY REPORTED13.1%

1Y +12.3%

5Y +72.7% · 24 models

REGAL REXNORD CORPORATION

REGAL REXNORD CORPORATION · COM · 758750103

LONG3,223,940$452.4 million1.2%INCREASED

1Y —

5Y —

CARVANA CO

CARVANA CO · CL A · 146869102

LONG1,061,533$448.0 million1.2%REDUCED

1Y —

5Y —

CHEWY INC

CHEWY INC · CL A · 16679L109

LONG13,536,645$447.4 million1.2%INCREASED

1Y —

5Y —

APG

APi Group Corporation

LONG11,537,518$441.4 million1.2%REDUCED19.7%

1Y +18.2%

5Y +98.3% · 23 models

STELLANTIS N.V

STELLANTIS N.V · SHS · N82405106

LONG39,062,551$434.3 million1.2%NEWLY REPORTED

1Y —

5Y —

CARNIVAL CORP

CARNIVAL CORP · UNIT 99/99/9999 · 143658300

LONG14,061,827$429.4 millionNEWLY REPORTED

1Y —

5Y —

UBS GROUP AG

UBS GROUP AG · SHS · H42097107

LONG9,128,817$426.0 million1.2%REDUCED

1Y —

5Y —

UNH

UnitedHealth Group Inc.

LONG1,197,273$395.2 million1.1%NEWLY REPORTED

1Y —

5Y —

BIOMARIN PHARMACEUTICAL INC

BIOMARIN PHARMACEUTICAL INC · COM · 09061G101

LONG6,036,936$358.8 million1.0%REDUCED

1Y —

5Y —

SAIA INC

SAIA INC · COM · 78709Y105

LONG1,088,582$355.4 million1.0%REDUCED

1Y —

5Y —

TIC SOLUTIONS INC

TIC SOLUTIONS INC · COM · 00510N102

LONG34,360,000$347.4 million1.0%UNCHANGED

1Y —

5Y —

CHUBB LTD SWITZ

CHUBB LTD SWITZ · COM · H1467J104

LONG1,013,839$316.4 million0.9%NEWLY REPORTED

1Y —

5Y —

PGR

Progressive Corporation

LONG1,331,538$303.2 million0.8%NEWLY REPORTED

1Y —

5Y —

LENNOX INTL INC

LENNOX INTL INC · COM · 526107107

LONG621,311$301.7 million0.8%NEWLY REPORTED

1Y —

5Y —

TRADEWEB MKTS INC

TRADEWEB MKTS INC · CL A · 892672106

LONG2,768,659$297.7 million0.8%NEWLY REPORTED

1Y —

5Y —

MEDLINE INC

MEDLINE INC · COM CL A · 58507V107

LONG6,959,157$292.3 million0.8%NEWLY REPORTED

1Y —

5Y —

AON

Aon plc

LONG783,650$276.5 million0.8%REDUCED

1Y —

5Y —

AJG

Arthur J. Gallagher & Co.

LONG1,040,977$269.4 million0.7%NEWLY REPORTED

1Y —

5Y —

BANK AMERICA CORP

BANK AMERICA CORP · COM · 060505104

LONG4,494,629$247.2 million0.7%REDUCED

1Y —

5Y —

BSX

Boston Scientific

LONG2,509,808$239.3 million0.7%REDUCED

1Y —

5Y —

DIGITAL RLTY TR INC

DIGITAL RLTY TR INC · COM · 253868103

LONG1,507,988$233.3 million0.6%NEWLY REPORTED

1Y —

5Y —

LOWES COS INC

LOWES COS INC · COM · 548661107

LONG912,040$219.9 million0.6%NEWLY REPORTED

1Y —

5Y —

FIG

Figma Inc

LONG5,752,388$215.0 million0.6%NEWLY REPORTED

1Y +18.8%

5Y +116.1% · 9 models

ITAU UNIBANCO HLDG S A

ITAU UNIBANCO HLDG S A · SPON ADR REP PFD · 465562106

LONG28,396,545$203.3 million0.6%NEWLY REPORTED

1Y —

5Y —

AMER SPORTS INC

AMER SPORTS INC · COM SHS · G0260P102

LONG4,814,290$179.8 million0.5%REDUCED

1Y —

5Y —

RALLIANT CORP

RALLIANT CORP · COM · 750940108

LONG3,162,630$161.0 million0.4%REDUCED

1Y —

5Y —

RIOT

Riot Platforms Inc.

LONG12,428,894$157.5 million0.4%NEWLY REPORTED60.4%

1Y +46.6%

5Y +177.9% · 24 models

NEWAMSTERDAM PHARMA COMPANY

NEWAMSTERDAM PHARMA COMPANY · ORDINARY SHARES · N62509109

LONG4,203,567$147.5 million0.4%REDUCED

1Y —

5Y —

ROIV

Roivant Sciences Ltd

LONG6,443,191$139.8 million0.4%REDUCED35.8%

1Y +31.6%

5Y +161.2% · 25 models

IQV

IQVIA

LONG619,236$139.6 million0.4%NEWLY REPORTED

1Y —

5Y —

SIONNA THERAPEUTICS INC

SIONNA THERAPEUTICS INC · COM · 829401108

LONG3,195,181$131.4 million0.4%UNCHANGED

1Y —

5Y —

INHIBRX BIOSCIENCES INC

INHIBRX BIOSCIENCES INC · COM · 45720N103

LONG1,437,705$113.6 million0.3%REDUCED

1Y —

5Y —

PHARVARIS N V

PHARVARIS N V · COM · N69605108

LONG3,653,310$101.4 million0.3%UNCHANGED

1Y —

5Y —

CSGP

CoStar Group

LONG1,442,582$97.0 million0.3%REDUCED

1Y —

5Y —

WST

West Pharmaceutical Services

LONG295,028$81.2 million0.2%NEWLY REPORTED

1Y —

5Y —

ORUKA THERAPEUTICS INC

ORUKA THERAPEUTICS INC · COM · 687604108

LONG2,666,690$80.8 million0.2%UNCHANGED

1Y —

5Y —

STANDARD BIOTOOLS INC

STANDARD BIOTOOLS INC · COM · 34385P108

LONG58,651,170$75.1 million0.2%UNCHANGED

1Y —

5Y —

MASIMO CORP

MASIMO CORP · COM · 574795100

LONG514,340$66.9 million0.2%REDUCED

1Y —

5Y —

ORIC PHARMACEUTICALS INC

ORIC PHARMACEUTICALS INC · COM · 68622P109

LONG6,572,691$53.8 million0.1%REDUCED

1Y —

5Y —

TREVI THERAPEUTICS INC

TREVI THERAPEUTICS INC · COM · 89532M101

LONG3,198,644$40.0 million0.1%REDUCED

1Y —

5Y —

GINKGO BIOWORKS HOLDINGS INC

GINKGO BIOWORKS HOLDINGS INC · CL A NEW · 37611X209

LONG3,577,128$29.7 million0.1%UNCHANGED

1Y —

5Y —

PEPGEN INC

PEPGEN INC · COM · 713317105

LONG3,482,434$22.7 million0.1%UNCHANGED

1Y —

5Y —

RALLYBIO CORP

RALLYBIO CORP · COM · 75120L100

LONG4,194,777$2.9 million0.0%UNCHANGED

1Y —

5Y —

AI outlook values are averages across the latest successful run per covered model at the labeled cutoff. “No longer reported” does not necessarily mean sold; thresholds, confidential treatment, corporate actions, or instrument changes may explain an omission. Reviewed API mapping covers 63.1%of disclosed long-book value; exact editorial CUSIP mappings may add current-only AI coverage on this public page. Research use only. No warranty and not investment advice.