Viking Global Investors 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Viking Global Investors disclosed 76 US equity positions worth $37.7bn in its Q4 2025 13F filing. The largest position was MSFT at 4.1% of the reported book, followed by PNC and TSM. Against the Q3 2025 filing, it opened 13 new positions, added to 17 and reduced 18 among the top 50 holdings.
What did Viking Global Investors own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | MSFT MICROSOFT CORP | Technology | 4.1% | $1.6bn | 3,217,642 | 32% | added |
| 2 | PNC PNC FINL SVCS GROUP INC | Financial Services | 4.0% | $1.5bn | 7,287,068 | -8% | reduced |
| 3 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 4.0% | $1.5bn | 4,914,896 | 25% | added |
| 4 | V VISA INC | Financial Services | 3.7% | $1.4bn | 3,984,205 | 38% | added |
| 5 | SCHW SCHWAB CHARLES CORP | Financial Services | 3.7% | $1.4bn | 13,872,905 | -16% | reduced |
| 6 | DIS DISNEY WALT CO | Communication Services | 3.4% | $1.3bn | 11,193,504 | 7% | added |
| 7 | APD AIR PRODS & CHEMS INC | Basic Materials | 3.1% | $1.2bn | 4,782,534 | 30% | added |
| 8 | MCD MCDONALDS CORP | Consumer Cyclical | 2.9% | $1.1bn | 3,619,215 | 7% | added |
| 9 | BBIO BRIDGEBIO PHARMA INC | Healthcare | 2.9% | $1.1bn | 14,393,934 | -10% | reduced |
| 10 | FTV FORTIVE CORP | Technology | 2.8% | $1.1bn | 19,228,265 | -6% | reduced |
| 11 | SHW SHERWIN WILLIAMS CO | Basic Materials | 2.7% | $1.0bn | 3,172,308 | 10% | added |
| 12 | BA BOEING CO | Industrials | 2.3% | $858.3m | 3,953,087 | 31% | added |
| 13 | GOOGL ALPHABET INC | Communication Services | 2.2% | $834.5m | 2,666,272 | – | new |
| 14 | AMD ADVANCED MICRO DEVICES INC | Technology | 2.1% | $801.4m | 3,742,191 | -11% | reduced |
| 15 | ICE INTERCONTINENTAL EXCHANGE IN | Financial Services | 2.1% | $777.9m | 4,803,197 | – | new |
| 16 | TSLA TESLA INC | Consumer Cyclical | 2.0% | $764.4m | 1,699,741 | 6% | added |
| 17 | TMUS T-MOBILE US INC | Communication Services | 2.0% | $762.3m | 3,754,218 | 15% | added |
| 18 | AMZN AMAZON COM INC | Consumer Cyclical | 1.9% | $721.7m | 3,126,816 | – | new |
| 19 | COF CAPITAL ONE FINL CORP | Financial Services | 1.9% | $715.5m | 2,952,317 | -60% | reduced |
| 20 | JCI JOHNSON CTLS INTL PLC | Industrials | 1.9% | $708.8m | 5,918,707 | -13% | reduced |
| 21 | DKNG DRAFTKINGS INC NEW | Consumer Cyclical | 1.7% | $658.9m | 19,119,912 | 27% | added |
| 22 | JPM JPMORGAN CHASE & CO. | Financial Services | 1.6% | $614.1m | 1,905,982 | -62% | reduced |
| 23 | ROST ROSS STORES INC | Consumer Cyclical | 1.5% | $570.6m | 3,167,479 | 57% | added |
| 24 | GM GENERAL MTRS CO | Consumer Cyclical | 1.5% | $553.5m | 6,806,095 | -48% | reduced |
| 25 | MAA MID-AMER APT CMNTYS INC | Real Estate | 1.4% | $539.0m | 3,880,048 | 47% | added |
| 26 | CPT CAMDEN PPTY TR | Real Estate | 1.4% | $524.5m | 4,764,495 | 24% | added |
| 27 | DKS DICKS SPORTING GOODS INC | Consumer Cyclical | 1.4% | $509.4m | 2,572,969 | – | new |
| 28 | CLS CELESTICA INC | Technology | 1.3% | $502.3m | 1,699,236 | -1% | reduced |
| 29 | CSX CSX CORP | Industrials | 1.3% | $500.9m | 13,817,539 | -13% | reduced |
| 30 | ADPT ADAPTIVE BIOTECHNOLOGIES COR | Healthcare | 1.3% | $487.1m | 29,993,708 | 0% | held |
| 31 | SE SEA LTD | Consumer Cyclical | 1.2% | $468.4m | 3,671,545 | 21% | added |
| 32 | HCA HCA HEALTHCARE INC | Healthcare | 1.2% | $466.5m | 999,180 | -28% | reduced |
| 33 | TMO THERMO FISHER SCIENTIFIC INC | Healthcare | 1.2% | $459.6m | 793,187 | – | new |
| 34 | RRX REGAL REXNORD CORPORATION | Industrials | 1.2% | $452.4m | 3,223,940 | 3% | added |
| 35 | CVNA CARVANA CO | Consumer Cyclical | 1.2% | $448.0m | 1,061,533 | -49% | reduced |
| 36 | CHWY CHEWY INC | Consumer Cyclical | 1.2% | $447.4m | 13,536,645 | 147% | added |
| 37 | APG API GROUP CORP | Industrials | 1.2% | $441.4m | 11,537,518 | -6% | reduced |
| 38 | STLA STELLANTIS N.V | Consumer Cyclical | 1.2% | $434.3m | 39,062,551 | – | new |
| 39 | CCL CARNIVAL CORP | Consumer Cyclical | 1.1% | $429.4m | 14,061,827 | – | new |
| 40 | UBS UBS GROUP AG | Financial Services | 1.1% | $426.0m | 9,128,817 | -30% | reduced |
| 41 | UNH UNITEDHEALTH GROUP INC | Healthcare | 1.0% | $395.2m | 1,197,273 | – | new |
| 42 | BMRN BIOMARIN PHARMACEUTICAL INC | Healthcare | 1.0% | $358.8m | 6,036,936 | -27% | reduced |
| 43 | SAIA SAIA INC | Industrials | 0.9% | $355.4m | 1,088,582 | -21% | reduced |
| 44 | TIC SOLUTIONS INC | 0.9% | $347.4m | 34,360,000 | 0% | held | |
| 45 | CB CHUBB LIMITED | Financial Services | 0.8% | $316.4m | 1,013,839 | – | new |
| 46 | PGR PROGRESSIVE CORP | Financial Services | 0.8% | $303.2m | 1,331,538 | – | new |
| 47 | LII LENNOX INTL INC | Industrials | 0.8% | $301.7m | 621,311 | – | new |
| 48 | TW TRADEWEB MKTS INC | Financial Services | 0.8% | $297.7m | 2,768,659 | – | new |
| 49 | MDLN MEDLINE INC | Healthcare | 0.8% | $292.3m | 6,959,157 | – | new |
| 50 | AON AON PLC | Financial Services | 0.7% | $276.5m | 783,650 | -45% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.