WhaleCreep

Viking Global Investors LP 13F holdings, Q2 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-06-30, filed 2025-08-14

Viking Global Investors LP disclosed 83 US equity positions worth $34.6bn in its Q2 2025 13F filing. Its largest position is BAC at 4.3% of the reported book, followed by SCHW and COF. Versus Q1 2025 it opened 20 new positions, added to 34, reduced 18 and exited 28.

$34.6bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
83
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
4.3%
Largest position
The largest single position as a share of the reported equity book.
31.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
51
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 Q1 2025: 20 new, 34 added, 18 reduced, 28 exited

50 of 83
BAC BANK OF AMER CORPFinancial Services4.3%$1.5bn31.25m−3.0%reduced
SCHW SCHWAB CHARLES CORPFinancial Services4.2%$1.4bn15.77m−11%reduced
COF CAPITAL ONE FINL CORPFinancial Services3.5%$1.2bn5.67m+24%added
JPM JPMORGAN CHASE & COFinancial Services3.4%$1.2bn4.04m+86%added
USB US BANCORPFinancial Services3.2%$1.1bn24.09m−31%reduced
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology2.8%$981m4.33m−11%reduced
MCD MCDONALDS CORPConsumer Cyclical2.6%$913m3.13m+172%added
AMZN AMAZON COM INCConsumer Cyclical2.5%$855m3.90m+43%added
FTV FORTIVE CORPTechnology2.4%$830m15.91m+23%added
BBIO BRIDGEBIO PHARMA INCHealthcare2.3%$801m18.56m−16%reduced
DIS DISNEY WALT COCommunication Services2.1%$725m5.85m–new
HCA HCA HEALTHCARE INCHealthcare2.1%$717m1.87m+58%added
TMUS T-MOBILE US INCCommunication Services2.0%$678m2.85m+82%added
BMRN BIOMARIN PHARMACEUTICAL INCHealthcare2.0%$676m12.29m+14%added
SHW SHERWIN WILLIAMS COBasic Materials1.9%$672m1.96m+101%added
FLUTTER ENTMT PLC no ticker–1.9%$653m2.28m−11%reduced
GM General Motors CorpConsumer Cyclical1.9%$641m13.02m+81%added
PM PHILIP MORRIS INTL INCConsumer Defensive1.8%$629m3.45m+7.5%added
COR CENCORA INCHealthcare1.8%$624m2.08m+95%added
AMT AMERICAN TOWER CORPReal Estate1.8%$618m2.80m+233%added
CSX CSX CORPIndustrials1.8%$616m18.87m+11%added
APD AIR PRODUCTS AND CHEMICALS IBasic Materials1.8%$608m2.15m–new
ROST ROSS STORES INCConsumer Cyclical1.8%$606m4.75m+9.9%added
BA BOEING COIndustrials1.7%$594m2.84m−12%reduced
APG API GROUP CORPIndustrials1.7%$589m11.54m−46%reduced
NVDA NVIDIA CORPORATIONTechnology1.7%$582m3.68m−44%reduced
PRMB PRIMO BRANDS CORPORATIONConsumer Defensive1.7%$581m19.60m+290%added
V VISA INCFinancial Services1.7%$575m1.62m−24%reduced
DHR DANAHER CORP DELHealthcare1.7%$574m2.91m+544%added
SE SEA LTDConsumer Cyclical1.6%$566m3.54m−15%reduced
QCOM QUALCOMM INCTechnology1.5%$502m3.15m+120%added
RRX REGAL REXNORD CORPORATIONIndustrials1.4%$497m3.43m+26%added
NKE NIKE INCConsumer Cyclical1.4%$495m6.97m+26%added
PNC PNC FINL SVCS GROUP INCFinancial Services1.3%$443m2.38m–new
ROIV ROIVANT SCIENCES LTDHealthcare1.1%$386m34.24m−26%reduced
TIC TIC SOLUTIONS INCIndustrials1.1%$379m34.36m0.0%held
FSLR FIRST SOLAR INCTechnology1.1%$375m2.27m+61%added
CCL CARNIVAL CORPConsumer Cyclical1.1%$371m13.21m+6.4%added
XYZ BLOCK INCTechnology1.1%$368m5.42m–new
DHI D R HORTON INCConsumer Cyclical1.1%$364m2.83m+108%added
CVNA CARVANA COConsumer Cyclical1.1%$363m1.08m−58%reduced
RACE FERRARI N VConsumer Cyclical1.0%$354m721,269+433%added
TSLA TESLA INCConsumer Cyclical1.0%$350m1.10m+214%added
ADPT ADAPTIVE BIOTECHNOLOGIES CORHealthcare1.0%$349m29.99m0.0%held
BSX BOSTON SCIENTIFIC CORPHealthcare0.9%$327m3.05m+28%added
LLY ELI LILLY & COHealthcare0.9%$325m416,918–new
CMG CHIPOTLE MEXICAN GRILL INCConsumer Cyclical0.9%$319m5.69m−5.3%reduced
CPT CAMDEN PPTY TRReal Estate0.9%$306m2.72m−2.6%reduced
LEN LENNAR CORPConsumer Cyclical0.8%$279m2.52m+87%added
AMD ADVANCED MICRO DEVICES INCTechnology0.8%$271m1.91m–new

Exited since Q1 2025

28 rows
UNH UNITEDHEALTH GROUP INC3.6%$1.1bn
INTU INTUIT3.3%$1.0bn
NFLX NETFLIX INC.2.2%$699m
CB CHUBB LIMITED1.9%$589m
ICE INTERCONTINENTAL EXCHANGE IN1.8%$552m
DEUTSCHE BK AG no ticker1.1%$356m
ALL ALLSTATE CORP1.1%$353m
DASH DOORDASH INC1.1%$340m
SKAA SKECHERS U S A INC1.0%$329m
PGR PROGRESSIVE CORP1.0%$302m
SNPS SYNOPSYS INC1.0%$302m
MSFT MICROSOFT CORP0.8%$257m
MAA MID-AMER APT CMNTYS INC0.6%$188m
EQH EQUITABLE HLDGS INC0.5%$171m
MNST MONSTER BEVERAGE CORP NEW0.5%$167m
MTB M & T BK CORP0.4%$133m
TRU TRANSUNION0.4%$111m
SPOT SPOTIFY TECHNOLOGY S A0.3%$106m
BNTX BIONTECH SE0.3%$80.1m
ADSK AUTODESK INC0.3%$79.7m
REGN REGENERON PHARMACEUTICALS0.2%$62.0m
TVTX TRAVERE THERAPEUTICS INC0.1%$46.6m
TWLO TWILIO INC0.08%$25.0m
IMVT IMMUNOVANT INC0.06%$19.1m
SAIL SAILPOINT INC0.06%$18.9m
EWTX EDGEWISE THERAPEUTICS INC0.03%$10.8m
MET METLIFE INC0.02%$6.8m
LI LI AUTO INC0.01%$2.4m

Sector mix

  • Financial Services24.1%
  • Consumer Cyclical19.6%
  • Healthcare16.4%
  • Technology12.0%
  • Industrials8.8%
  • Communication Services5.6%
  • Basic Materials3.7%
  • Consumer Defensive3.5%
  • Real Estate3.4%
  • Unclassified2.8%

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