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Viking Global Investors Portfolio holdings
AUM
$35.7B
1-Year Est. Return
21.3%
This Fund
S&P 500
This Quarter
Est. Return
+5.09%
1 Year Est. Return
+21.3%
3 Year Est. Return
+91.13%
5 Year Est. Return
+89.39%
10 Year Est. Return
+464.55%
AUM
$37.7B
AUM Growth
-$827M
(-2.1%)
Cap. Flow
-$2.24B
Cap. Flow
% of AUM
-5.96%
Top 10 Holdings %
Top 10 Hldgs %
34.71%
Holding
99
New
21
Increased
17
Reduced
29
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$762M |
| 2 |
Intercontinental Exchange
ICE
|
+$752M |
| 3 |
Amazon
AMZN
|
+$715M |
| 4 |
Dick's Sporting Goods
DKS
|
+$561M |
| 5 |
Thermo Fisher Scientific
TMO
|
+$449M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Capital One
COF
|
+$988M |
| 2 |
JPMorgan Chase
JPM
|
+$976M |
| 3 |
Blackrock
BLK
|
+$722M |
| 4 |
Philip Morris
PM
|
+$718M |
| 5 |
Meta Platforms (Facebook)
META
|
+$682M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 23.65% |
| 2 | Consumer Discretionary | 19.94% |
| 3 | Technology | 15.37% |
| 4 | Healthcare | 13.34% |
| 5 | Industrials | 10.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Arthur J. Gallagher & Co
AJG
$65B
| $269M | 0.72% |
+1,040,977
| New | +$276M |
|
52
Bank of America
BAC
$448B
| $247M | 0.66% |
4,494,629
-7,005,661
| -61% | -$370M |
|
53
Boston Scientific
BSX
$74.2B
| $239M | 0.64% |
2,509,808
-131,874
| -5% | -$12.9M |
|
54
Digital Realty Trust
DLR
$70.6B
| $233M | 0.62% |
+1,507,988
| New | +$248M |
|
55
Lowe's Companies
LOW
$124B
| $220M | 0.58% |
+912,040
| New | +$219M |
|
|
FIG
56
Figma
FIG
$13.3B
| $215M | 0.57% |
+5,752,388
| New | +$260M |
|
57
Itaú Unibanco
ITUB
$82.7B
| $203M | 0.54% |
+28,396,545
| New | +$202M |
|
58
Amer Sports
AS
$19.7B
| $180M | 0.48% |
4,814,290
-1,529,191
| -24% | -$52.5M |
|
|
RAL
59
Ralliant Corp
RAL
$7.91B
| $161M | 0.43% |
3,162,630
-1,919,842
| -38% | -$90M |
|
60
Riot Platforms
RIOT
$7.6B
| $157M | 0.42% |
+12,428,894
| New | +$213M |
|
61
NewAmsterdam Pharma
NAMS
$3.3B
| $147M | 0.39% |
4,203,567
-2,271,967
| -35% | -$82.7M |
|
62
Roivant Sciences
ROIV
$25.5B
| $140M | 0.37% |
6,443,191
-17,151,640
| -73% | -$338M |
|
63
IQVIA
IQV
$40.1B
| $140M | 0.37% |
+619,236
| New | +$135M |
|
|
SION
64
Sionna Therapeutics
SION
$231M
| $131M | 0.35% |
3,195,181
| – | – |
|
65
Inhibrx
INBX
$1.36B
| $114M | 0.3% |
1,437,705
-350,000
| -20% | -$23.8M |
|
66
Pharvaris
PHVS
$2.41B
| $101M | 0.27% |
3,653,310
| – | – |
|
67
CoStar Group
CSGP
$12.6B
| $97M | 0.26% |
1,442,582
-407,147
| -22% | -$28.8M |
|
68
West Pharmaceutical
WST
$24.7B
| $81.2M | 0.22% |
+295,028
| New | +$80.7M |
|
|
ORKA
69
Oruka Therapeutics
ORKA
$6.93B
| $80.8M | 0.21% |
2,666,690
| – | – |
|
70
Standard BioTools
LAB
$309M
| $75.1M | 0.2% |
58,651,170
| – | – |
|
|
MASI
71
DELISTED
Masimo
MASI
| $66.9M | 0.18% |
514,340
-559,093
| -52% | -$80.1M |
|
72
Oric Pharmaceuticals
ORIC
$1.42B
| $53.8M | 0.14% |
6,572,691
-9
| -0% | -$104 |
|
73
Trevi Therapeutics
TRVI
$2.54B
| $40M | 0.11% |
3,198,644
-1,930,231
| -38% | -$22.3M |
|
74
Ginkgo Bioworks
DNA
$506M
| $29.7M | 0.08% |
3,577,128
| – | – |
|
75
PepGen
PEPG
$201M
| $22.7M | 0.06% |
3,482,434
| – | – |
|
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Viking Global Investors's Q4 2025 Portfolio in Review
As of Q4 2025, Viking Global Investors held 99 positions worth $37.7B, down 2.1% from $38.5B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Viking Global Investors withdrew a net $2.24B in Q4 2025, closing 23 positions and reducing 29 holdings. Its most notable exit was Blackrock, an estimated $722M position sold in full.
By sector, the portfolio is most concentrated in Financials at 24% of assets, down from 27% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Viking Global Investors opened a new position in Alphabet (Google) Class A worth $835M.
- Viking Global Investors's largest Q4 2025 buy was Alphabet (Google) Class A: 2,666,272 shares worth $835M.
- Viking Global Investors added most to Microsoft in Q4 2025, an estimated $395M increase.
- Viking Global Investors's biggest Q4 2025 reduction was Capital One, cutting an estimated $988M.
- Viking Global Investors fully exited Blackrock in Q4 2025, selling an estimated $722M.
- Viking Global Investors's ten largest holdings make up 35% of its $37.7B portfolio in Q4 2025.
- Viking Global Investors opened 21 new positions and closed 23 in Q4 2025.
- Viking Global Investors's portfolio value fell 2.1% quarter-over-quarter to $37.7B.
Based on Viking Global Investors's 13F filing for Q4 2025, filed 17 Feb 2026.