WhaleCreep

Viking Global Investors LP 13F holdings, Q1 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-03-31, filed 2025-05-15

Viking Global Investors LP disclosed 91 US equity positions worth $31.5bn in its Q1 2025 13F filing. Its largest position is USB at 4.7% of the reported book, followed by SCHW and BAC. Versus Q4 2024 it opened 27 new positions, added to 27, reduced 28 and exited 22.

$31.5bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
91
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
4.7%
Largest position
The largest single position as a share of the reported equity book.
33.6%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
48
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
100
Quarters on file since Q4 1999
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q4 2024: 27 new, 27 added, 28 reduced, 22 exited

50 of 91
USB US BANCORPFinancial Services4.7%$1.5bn34.86m+43%added
SCHW SCHWAB CHARLES CORPFinancial Services4.4%$1.4bn17.72m+21%added
BAC BANK OF AMER CORPFinancial Services4.3%$1.3bn32.20m+30%added
UNH UNITEDHEALTH GROUP INCHealthcare3.6%$1.1bn2.14m+12%added
INTU INTUITTechnology3.3%$1.0bn1.71m−0.7%reduced
FTV FORTIVE CORPTechnology3.0%$948m12.95m−1.8%reduced
META META PLATFORMS INCCommunication Services2.7%$845m1.47m–new
COF CAPITAL ONE FINL CORPFinancial Services2.6%$823m4.59m–new
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology2.6%$812m4.89m+20%added
APG API GROUP CORPIndustrials2.4%$770m21.54m0.0%held
BMRN BIOMARIN PHARMACEUTICAL INCHealthcare2.4%$763m10.80m+2.8%added
BBIO BRIDGEBIO PHARMA INCHealthcare2.4%$762m22.06m−12%reduced
V VISA INCFinancial Services2.4%$745m2.13m−39%reduced
NVDA NVIDIA CORPORATIONTechnology2.3%$709m6.54m+222%added
NFLX NETFLIX INC.Communication Services2.2%$699m749,431+49%added
CB CHUBB LIMITEDFinancial Services1.9%$589m1.95m–new
FLUTTER ENTMT PLC no ticker–1.8%$566m2.55m+37%added
ROST ROSS STORES INCConsumer Cyclical1.8%$552m4.32m+153%added
ICE INTERCONTINENTAL EXCHANGE INFinancial Services1.8%$552m3.20m+16%added
BA BOEING COIndustrials1.8%$551m3.23m+8.6%added
SE SEA LTDConsumer Cyclical1.7%$543m4.16m–new
CVNA CARVANA COConsumer Cyclical1.7%$534m2.55m+192%added
JPM JPMORGAN CHASE & COFinancial Services1.7%$533m2.17m−71%reduced
AMZN AMAZON COM INCConsumer Cyclical1.6%$518m2.72m+4.1%added
PM PHILIP MORRIS INTL INCConsumer Defensive1.6%$510m3.21m−37%reduced
CSX CSX CORPIndustrials1.6%$502m17.07m+16%added
ROIV ROIVANT SCIENCES LTDHealthcare1.5%$464m46.01m−3.8%reduced
TMUS T-MOBILE US INCCommunication Services1.3%$418m1.57m+157%added
HCA HCA HEALTHCARE INCHealthcare1.3%$408m1.18m+6.4%added
TIC TIC SOLUTIONS INCIndustrials1.2%$382m34.36m–new
MCD MCDONALDS CORPConsumer Cyclical1.1%$359m1.15m–new
DEUTSCHE BK AG no ticker–1.1%$356m15.11m–new
ALL ALLSTATE CORPFinancial Services1.1%$353m1.70m−12%reduced
NKE NIKE INCConsumer Cyclical1.1%$352m5.55m–new
CPT CAMDEN PPTY TRReal Estate1.1%$341m2.79m−17%reduced
DASH DOORDASH INCConsumer Cyclical1.1%$340m1.86m−62%reduced
SHW SHERWIN WILLIAMS COBasic Materials1.1%$339m972,230+57%added
GM General Motors CorpConsumer Cyclical1.1%$338m7.19m+179%added
SKAA SKECHERS U S A INC–1.0%$329m5.80m+60%added
RPRX ROYALTY PHARMA PLCHealthcare1.0%$329m10.56m−13%reduced
RRX REGAL REXNORD CORPORATIONIndustrials1.0%$311m2.73m+215%added
PGR PROGRESSIVE CORPFinancial Services1.0%$302m1.07m−51%reduced
SNPS SYNOPSYS INCTechnology1.0%$302m703,912−2.4%reduced
CMG CHIPOTLE MEXICAN GRILL INCConsumer Cyclical1.0%$302m6.01m–new
COR CENCORA INCHealthcare0.9%$297m1.07m–new
MSFT MICROSOFT CORPTechnology0.8%$257m683,918−71%reduced
CCL CARNIVAL CORPConsumer Cyclical0.8%$242m12.41m–new
BSX BOSTON SCIENTIFIC CORPHealthcare0.8%$240m2.38m+9.4%added
AJG GALLAGHER ARTHUR J & COFinancial Services0.7%$230m666,552–new
ADPT ADAPTIVE BIOTECHNOLOGIES CORHealthcare0.7%$223m29.99m0.0%held

Exited since Q4 2024

22 rows
CMCSA COMCAST CORP NEW2.4%$744m
GOOGL ALPHABET INC2.2%$693m
ADBE ADOBE INC1.8%$549m
SBUX STARBUCKS CORP1.6%$488m
CRM SALESFORCE INC1.3%$405m
AON AON PLC0.8%$259m
AAL AMERICAN AIRLINES GROUP INC0.8%$236m
COO COOPER COS INC0.6%$186m
ZS ZSCALER INC0.5%$165m
TRV TRAVELERS COMPANIES INC0.5%$162m
KKR KKR & CO INC0.4%$130m
TEAM ATLASSIAN CORPORATION0.4%$121m
GEV GE VERNOVA LLC0.4%$119m
APO APOLLO GLOBAL MGMT INC0.3%$94.0m
CHTR CHARTER COMMUNICATIONS INC0.3%$86.2m
CSGP COSTAR GROUP INC0.3%$83.2m
VST VISTRA CORP0.3%$82.9m
APTV APTIV PLC0.2%$61.9m
SNAP SNAP INC0.2%$57.1m
OSCR OSCAR HEALTH INC0.1%$41.3m
LULU LULULEMON ATHLETICA INC0.1%$31.8m
PONY PONY AI INC0.03%$10.6m

Sector mix

  • Financial Services28.0%
  • Healthcare17.4%
  • Consumer Cyclical14.7%
  • Technology14.6%
  • Industrials8.0%
  • Communication Services6.7%
  • Unclassified4.6%
  • Consumer Defensive2.7%
  • Real Estate2.3%
  • Basic Materials1.1%

Book over time

Every quarter on file (100)
QuarterPositionsEquity book
Q2 202690$35.1bn
Q1 202677$35.7bn
Q4 202576$37.7bn
Q3 202578$38.5bn
Q2 202583$34.6bn
Q1 202591$31.5bn
Q4 202486$30.9bn
Q3 202483$27.4bn
Q2 202482$26.0bn
Q1 202483$26.9bn
Q4 202379$27.3bn
Q3 202380$24.6bn
Q2 202385$24.4bn
Q1 202380$21.3bn
Q4 202275$20.0bn
Q3 202287$21.7bn
Q2 202281$21.9bn
Q1 202290$24.7bn
Q4 2021106$34.7bn
Q3 202196$36.5bn
Q2 202188$33.0bn
Q1 202194$33.6bn
Q4 202096$36.4bn
Q3 202086$27.7bn
Q2 202072$23.1bn
Q1 202064$19.2bn
Q4 201966$21.4bn
Q3 201962$19.2bn
Q2 201959$22.3bn
Q1 201957$17.4bn
Q4 201857$17.6bn
Q3 201864$18.1bn
Q2 201860$17.5bn
Q1 201859$16.6bn
Q4 201759$16.3bn
Q3 201759$15.4bn
Q2 201753$14.8bn
Q1 201764$22.6bn
Q4 201662$22.0bn
Q3 201662$23.2bn
Q2 201655$23.5bn
Q1 201663$22.7bn
Q4 201564$26.5bn
Q3 201563$26.1bn
Q2 201556$26.5bn
Q1 201558$25.8bn
Q4 201462$21.8bn
Q3 201459$24.9bn
Q2 201462$22.9bn
Q1 201460$23.8bn
Q4 201365$21.4bn
Q3 201359$18.1bn
Q2 201359$18.0bn
Q1 201348$13.2bn
Q4 201245$11.5bn
Q3 201250$11.5bn
Q2 201246$9.8bn
Q1 201254$9.0bn
Q4 201143$8.0bn
Q3 201153$8.6bn
Q2 201158$11.9bn
Q1 201161$11.6bn
Q4 201073$12.1bn
Q3 201060$9.2bn
Q1 201057$8.9bn
Q4 200963$8.8bn
Q3 200954$7.8bn
Q2 200948$5.8bn
Q1 200933$3.6bn
Q4 200826$3.5bn
Q3 200850$3.5bn
Q2 200843$5.1bn
Q1 200839$4.6bn
Q4 200769$4.8bn
Q3 200766$3.9bn
Q2 200776$4.4bn
Q1 200794$4.3bn
Q4 200698$3.8bn
Q3 2006105$4.1bn
Q2 200697$4.0bn
Q1 2006114$4.0bn
Q4 2005105$3.2bn
Q3 200594$3.2bn
Q2 200595$2.7bn
Q1 200564$2.0bn
Q4 200441$1.8bn
Q3 200453$1.8bn
Q2 200475$2.2bn
Q1 200479$2.1bn
Q4 200365$1.5bn
Q3 200365$1.6bn
Q2 200373$1.6bn
Q1 200379$1.9bn
Q4 200275$1.7bn
Q1 200143$1.2bn
Q4 200037$1.1bn
Q3 200038$1.3bn
Q2 200034$730m
Q1 200028$422m
Q4 199921$156m

Where Viking Global Investors LP was early

184 rows
EAT D BRINKER INTL INC USD .10Q1 20001 of 1332.3%2.9%2Exited by Q3 2000−1.4%
RCI ROGERS COMMUNICATIONS INCQ1 20001 of 853.4%3.4%10Exited by Q4 2024+170%
WFC WELLS FARGO CO NEWQ1 20002 of 2121.8%4.6%13Exited by Q2 2018+157%
BMY BRISTOL-MYERS SQUIBB COQ1 20005 of 1971.3%2.8%11Exited by Q1 2022+15%
AZO AUTOZONE INCQ2 20001 of 1653.6%3.6%5Exited by Q1 2013+1510%
MET METLIFE INCQ2 20001 of 1261.5%4.1%29Exited by Q2 2025+330%
GAP Gap IncQ3 20001 of 1581.0%4.4%8Exited by Q3 2006−13%
VZ VERIZON COMMUNICATIONS INCQ3 20001 of 1800.5%2.7%6Exited by Q4 2017+14%
TGT Target CorpQ3 20003 of 1911.1%1.5%4Exited by Q2 2006+103%
BBY Best BuyQ1 20015 of 1330.9%4.1%8Exited by Q2 2007+205%
VRTX VERTEX PHARMACEUTICALS INCQ1 20031 of 1600.4%1.1%9Exited by Q1 2016+1030%
BAC BANK AMERICA CORPQ1 20033 of 2320.2%6.3%27Exited by Q1 2026+65%
COF CAPITAL ONE FINL CORPQ1 20033 of 2271.6%6.9%25Held at last filing, Q2 2026+569%
GS GOLDMAN SACHS GROUP INCQ1 20038 of 2290.4%4.0%8Exited by Q2 2013+116%
EG EVEREST GROUP LTDQ2 20031 of 1151.9%2.6%9Exited by Q1 2024+362%
HAS HASBRO INCQ2 20031 of 1350.7%2.7%8Held at last filing, Q2 2026+372%
HIG HARTFORD FINL SVCS GROUP INCQ2 20031 of 1241.1%2.9%19Exited by Q2 2021+33%
EBAY EBAY INCQ2 20033 of 1865.8%12.0%7Exited by Q4 2015+123%
MHK MOHAWK INDS INCQ2 20033 of 1730.2%3.2%17Exited by Q1 2018+397%
INTC D Intel CorpQ2 20034 of 2801.2%2.3%4Exited by Q2 2004+31%
BMRN BIOMARIN PHARMACEUTICAL INCQ2 200317 of 1660.1%2.7%35Held at last filing, Q2 2026+486%
ALXN ALEXION PHARMACEUTICALS INCQ3 20031 of 1472.2%6.6%16Exited by Q3 2015–
BIIB BIOGEN INCQ4 20031 of 1835.2%5.3%21Exited by Q2 2017+645%
ALL ALLSTATE CORPQ4 20032 of 1281.2%1.9%17Exited by Q2 2025+381%
CCL CARNIVAL CORP LTDQ1 20041 of 2111.2%6.9%15Held at last filing, Q2 2026−36%
WMT WAL-MART STORES INCQ1 20041 of 2010.4%1.9%6Exited by Q1 2015+44%
KR Kroger CoQ2 20042 of 1600.04%7.9%5Exited by Q1 2009+45%
MU MICRON TECHNOLOGY INCQ2 20047 of 3200.5%3.6%21Exited by Q3 2023+312%
JPM JPMORGAN CHASE & COQ2 200410 of 2310.7%5.8%29Held at last filing, Q2 2026+744%
PNC PNC FINL SVCS GROUP INCQ3 20043 of 1530.01%4.2%10Exited by Q2 2026+285%
TU Telus CorpQ4 20041 of 671.4%1.4%4Exited by Q3 2006+40%
WSM Williams-Sonoma IncQ4 20041 of 1430.6%3.0%3Exited by Q3 2005+13%
KSS Kohls CorpQ4 20042 of 1667.8%7.8%9Exited by Q4 2007+17%
EXMOC Exxon Mobil CorpQ4 20049 of 1930.7%2.0%5Exited by Q2 2011+64%
LEN LENNAR CORPQ1 20054 of 1991.3%3.8%19Exited by Q3 2025+105%
AIZ ASSURANT INCQ1 20055 of 1110.6%2.7%17Exited by Q1 2022+362%
PHM PULTE GROUP INCQ1 20055 of 1501.7%1.7%5Exited by Q1 2022+55%
NDAQ NASDAQ Stock MarketQ2 20051 of 1281.2%3.0%5Exited by Q4 2006+60%
ORCL Oracle CorporationQ2 20053 of 2564.9%4.9%6Exited by Q4 2010+103%
TMO THERMO FISHER SCIENTIFIC INCQ2 20056 of 2340.4%5.4%41Held at last filing, Q2 2026+1766%
OLN OLIN CORPQ2 200514 of 1600.3%1.0%3Exited by Q4 2018+41%
NUS NU SKIN ENTERPRISES INCQ3 20052 of 950.9%1.4%3Exited by Q1 2014+626%
OXY OCCIDENTAL PETE CORP DELQ3 20052 of 1920.3%1.0%5Exited by Q1 2012+119%
UHS UNIVERSAL HLTH SVCS INCQ4 20051 of 1380.1%2.0%27Exited by Q1 2018+385%
HST HOST HOTELS & RESORTS INCQ4 20052 of 1270.02%1.7%5Exited by Q3 2012−15%
VYX NCR CorporationQ4 20052 of 1962.7%7.9%8Exited by Q4 2007+47%
ADP Automatic Data ProcessingQ4 20054 of 1483.7%4.8%5Exited by Q2 2007+5.5%
REGN REGENERON PHARMACEUTICALSQ4 20055 of 1710.3%3.7%7Exited by Q2 2025+3889%
FNF Fidelity National Finl IncQ1 20061 of 1560.3%2.0%6Exited by Q3 2007+4.1%
LYV Live NationQ1 20061 of 2161.0%1.0%4Exited by Q1 2007+13%

Concentration and tenure

7.7%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
49.1%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
2
Median completed holding, quarters