Viking Global
Based on Q4 2025 SEC Form 13F filings, Viking Global manages a portfolio with 76 disclosed long equity positions. The fund's 13F market value sits at $37.70B, reflecting a decline in quarter-over-quarter AUM. Ranked by portfolio weight, the top holdings are MICROSOFT CORP (MSFT) at 4.13%, PNC FINL SVCS GROUP INC (PNC) at 4.04%, and TAIWAN SEMICONDUCTOR MANUFAC (TSM) at 3.96%. The fund is primarily focused on the Financial Services sector. New positions this quarter include ALPHABET INC (GOOGL) , INTERCONTINENTAL EXCHANGE IN (ICE) , AMAZON COM INC (AMZN) , DICKS SPORTING GOODS INC (DKS) , and THERMO FISHER SCIENTIFIC INC (TMO) . Fully exited positions include BLACKROCK, INC. (BLK) , PHILIP MORRIS INTL INC (PM) , META PLATFORMS INC (META) , NIKE INC (NKE) , and NETFLIX INC (NFLX) . Ranked by the share of each peer fund's 13F equity portfolio that overlaps with Viking Global's disclosed positions as of Q4 2025, the closest peers are CAS Investment Partners (89.3%), Greenoaks (64.2%), and AltaRock Partners (57.4% overlap).
- 13F AUM
- $37.7B
- Equity Positions
- 76
- Top-10 Concentration
- 34.7%
- Largest Sector · 23.6%
- Financial Services
- Longest held · 39 qtrs
- AMZN
- Median Holding Period
- 3 Qtrs
Top 10 HoldingsQ4 2025
Ranked by portfolio weight. Δ QoQ is the change in weight versus the previous reporting quarter.
| # | Ticker | Company | Sector | Shares | Weight | Δ QoQ | Market Value |
|---|---|---|---|---|---|---|---|
| 1 | MSFT | Technology | 3,217,642 | 4.13% | +0.86% | $1.56B | |
| 2 | PNC | Financial Services | 7,287,068 | 4.04% | -0.12% | $1.52B | |
| 3 | TSM | Technology | 4,914,896 | 3.96% | +1.10% | $1.49B | |
| 4 | V | Financial Services | 3,984,205 | 3.71% | +1.14% | $1.40B | |
| 5 | SCHW | Financial Services | 13,872,905 | 3.68% | -0.43% | $1.39B | |
| 6 | DIS | Communication Services | 11,193,504 | 3.38% | +0.27% | $1.27B | |
| 7 | APD | Basic Materials | 4,782,534 | 3.14% | +0.54% | $1.18B | |
| 8 | MCD | Consumer Cyclical | 3,619,215 | 2.94% | +0.27% | $1.11B | |
| 9 | BBIO | Healthcare | 14,393,934 | 2.92% | +0.77% | $1.10B | |
| 10 | FTV | Technology | 19,228,265 | 2.82% | +0.21% | $1.06B |
Quarterly shiftsvs previous quarter
Top movers in Viking Global's Form 13F versus the prior reporting quarter. Δ Weight is the change in portfolio weight (percentage points); Δ Shares is the percent change in share count.
| Company | Ticker | Δ Weight | Δ Shares |
|---|---|---|---|
| VISA INC | V | +1.14% | +37.53% |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | +1.10% | +24.61% |
| MICROSOFT CORP | MSFT | +0.86% | +32.45% |
| BRIDGEBIO PHARMA INC | BBIO | +0.77% | -9.91% |
| ROSS STORES INC | ROST | +0.71% | +56.51% |
| Company | Ticker | Δ Weight | Δ Shares |
|---|---|---|---|
| JPMORGAN CHASE & CO | JPM | -2.51% | -62.33% |
| CAPITAL ONE FINL CORP | COF | -2.18% | -60.04% |
| BANK AMERICA CORP | BAC | -0.88% | -60.92% |
| CARVANA CO | CVNA | -0.87% | -49.48% |
| GENERAL MTRS CO | GM | -0.59% | -47.75% |
| Company | Ticker | New weight |
|---|---|---|
| ALPHABET INCNEW | GOOGL | 2.21% |
| INTERCONTINENTAL EXCHANGE INNEW | ICE | 2.06% |
| AMAZON COM INCNEW | AMZN | 1.92% |
| DICKS SPORTING GOODS INCNEW | DKS | 1.35% |
| THERMO FISHER SCIENTIFIC INCNEW | TMO | 1.22% |
| Company | Ticker | Prev weight |
|---|---|---|
| BLACKROCK, INC. | BLK | 1.88% |
| PHILIP MORRIS INTL INC | PM | 1.86% |
| META PLATFORMS INC | META | 1.77% |
| NIKE INC | NKE | 1.63% |
| NETFLIX INC | NFLX | 1.56% |
Portfolio composition
Sectors, concentrations, and a tap-through treemap of every position in the fund's latest 13F.
Quarterly shifts
Top movers versus the prior reporting quarter. Left panel bridges market-value change in USD millions; right panel shows share-count change in %.
Holding period analytics
Distribution of holding periods for all 558 stocks the fund has ever held (up to selected quarter):
Peer Group — Funds With Most Portfolio Overlap
Ranked by percentage of the peer fund's 13F equity portfolio that overlaps with Viking Global's positions in Q4 2025.
| # | Fund | Shared Positions | Overlap % |
|---|---|---|---|
| 1 | CAS Investment Partners | 2 | 89.3% |
| 2 | Greenoaks | 3 | 64.2% |
| 3 | AltaRock Partners | 4 | 57.4% |
| 4 | Voyager Global Management | 5 | 51.1% |
| 5 | Hengistbury Investment Partners | 1 | 50.0% |
13F AUM Development
Quarterly 13F-reported equity AUM for Viking Global, derived from aggregate long equity position market values disclosed to the U.S. SEC.
Methodology & FAQ
How We Track Viking Global Holdings
Our data is systematically aggregated directly from quarterly Form 13F-HR disclosures submitted to the U.S. Securities and Exchange Commission (SEC).
- Who Must File (Reporting Threshold): This dataset includes filings from U.S. institutional investment managers, hedge funds, mutual funds, university endowments, and family offices managing at least $100 million in qualifying discretionary U.S. equities.
- What is Included (Data Scope): We exclusively capture long equity positions and listed options (calls and puts) for Viking Global. By SEC regulation, 13F filings do not require the disclosure of short positions, non-U.S. holdings, or OTC derivatives.
- Portfolio Weight Explained (Metric Definition): “Portfolio Weight” shows how much of a fund's total 13F U.S. equity portfolio is allocated to a specific position on the reporting date.
- How to Use This Data (Interpretation): Quarter-over-quarter changes in shares and portfolio weight reflect a combination of active trading and market price movements. These are descriptive metrics of fund allocation, not explicit buy or sell signals.
How do you measure hedge fund conviction in Viking Global's portfolio?
We evaluate conviction by looking at portfolio weight rather than just absolute share count. A position that represents a large percentage of a fund's total 13F equity value signals high conviction, regardless of whether it ranks highly in absolute dollar terms. Tracking how this weight changes quarter-over-quarter helps distinguish active capital allocation from passive drift.
Does Viking Global's 13F data include short positions or derivatives?
SEC Form 13F only mandates the disclosure of long U.S. equity positions and listed options (put and call contracts). Short interest, swaps, and OTC derivatives are excluded by regulatory design. To ensure accurate position scaling, listed options are reported based on their underlying share equivalent.
Are family offices and endowments included in this data?
Yes. Any institutional entity exercising investment discretion over at least $100 million in qualifying U.S. equities must file a Form 13F — this explicitly includes single-family offices and university endowments. If a qualifying entity holds positions reported by Viking Global, their allocation is included in this dataset.
When is the data updated, and is there a reporting lag?
Institutional investment managers are required to file their Form 13F within 45 days after the end of each calendar quarter (the standard “T+45” window). Our platform processes filings immediately upon publication to the SEC EDGAR database, providing point-in-time consensus positioning without look-ahead bias.
Data Source: Aggregated from public SEC Form 13F filings via the EDGAR database.