Viking Global

Q3 2023 13F · by Andreas Halvorsen, CEO

As of: Sep 30, 2023
Filed: Nov 14, 2023
US stock: $24.6B · prev $24.3B
Positions: 79 · prev 85
Options notional: $0
Documents: 1· no amendments

Picture99.7% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 99.7%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.3%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves88 since the prior filing

+24.7 pp in · −24.2 pp out

New 15 +7.81 pp
Added 31 +16.92 pp
Trimmed 21 −7.47 pp
Exited 21 −16.68 pp

The book

Focused · behaves like 35 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 95% a year, about 1.1 years per position

Low
Moderate
High

Top 5 positions24% of US stock

V VISA Inc. trimmed−0.44 pp trimmed−0.446.5%
WDAY Workday, Inc. Class A added+1.76 pp added+1.764.6%
AMZN Amazon.Com Inc added+2.17 pp added+2.174.5%
UPS United Parcel Service, Inc. Class B added+3.58 pp added+3.584.2%
DHR Danaher Corporation trimmed−0.05 pp trimmed−0.054.2%

Positions79 in this filing · 21 exited


VVISA Inc.	6.53%	6,971,335	$1.6B	trimmed−2%	−0.44 pp	29 q
WDAYWorkday, Inc. Class A	4.58%	5,236,644	$1.1B	added+72%	+1.76 pp	3 q
AMZNAmazon.Com Inc	4.53%	8,749,993	$1.1B	added+99%	+2.17 pp	34 q
UPSUnited Parcel Service, Inc. Class B	4.23%	6,660,484	$1.0B	added×7.5	+3.58 pp	2 q
DHRDanaher Corporation	4.15%	4,113,043	$1.0B	trimmed−3%	−0.05 pp	2 q
MSFTMicrosoft Corp	3.89%	3,024,399	$955M	added×2.5	+2.21 pp	30 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	3.81%	1,857,944	$937M	added+4%	+0.27 pp	5 q
METAMeta Platforms, Inc. Class A	3.74%	3,057,022	$918M	added+18%	+0.68 pp	12 q
APGAPi Group Corporation	3.61%	34,199,532	$887M	held	—	14 q
GEGE Aerospace	3.60%	7,996,906	$884M	added+12%	+0.38 pp	9 q
ROIVRoivant Sciences Ltd.	3.49%	73,434,301	$858M	trimmed−2%	+0.37 pp	8 q
BBIOBridgeBio Pharma, Inc.	2.70%	25,120,991	$662M	trimmed−6%	+0.82 pp	18 q
MCKMcKesson Corporation	2.58%	1,457,725	$634M	added×2.8	+1.66 pp	6 q
FTVFortive Corporation	2.51%	8,325,095	$617M	trimmed−15%	−0.50 pp	17 q
HDBHDFC Bank Limited	2.43%	10,116,023	$597M	added+9%	−0.24 pp	9 q
AMPAmeriprise Financial, Inc.	2.33%	1,734,018	$572M	added+54%	+0.80 pp	11 q
PMPhilip Morris International Inc.	2.25%	5,971,784	$553M	trimmed−34%	−1.38 pp	2 q
XYZBlock, Inc.	2.22%	12,324,808	$545M	new	+2.22 pp	new
PPGPPG Industries, Inc.	2.14%	4,044,244	$525M	added×4.5	+1.59 pp	2 q
TMOThermo Fisher Scientific, Inc.	1.85%	899,715	$455M	added+8%	+0.06 pp	14 q
DASHDoorDash, Inc. Class A	1.74%	5,367,522	$427M	added+99%	+0.89 pp	2 q
FTNTFortinet, Inc.	1.68%	7,050,550	$414M	trimmed−8%	−0.71 pp	4 q
CDNSCadence Design Systems	1.58%	1,653,230	$387M	trimmed−6%	−0.11 pp	5 q
BMRNBioMarin Pharmaceuticals Inc	1.52%	4,215,456	$373M	added+1%	+0.04 pp	8 q
FCXFreeport-McMoran Inc.	1.48%	9,769,679	$364M	new	+1.48 pp	new
CSXCSX Corporation	1.33%	10,640,828	$327M	trimmed−17%	−0.46 pp	4 q
LULUlululemon athletica inc.	1.22%	776,515	$299M	trimmed−35%	−0.63 pp	3 q
EGEverest Group, Ltd.	1.22%	808,459	$300M	trimmed−22%	−0.24 pp	2 q
VVVValvoline Inc.	1.16%	8,867,163	$286M	added+15%	−0.02 pp	5 q
DNAGinkgo Bioworks Holdings, Inc.	1.05%	143,085,126	$259M	held	—	9 q
RPRXRoyalty Pharma plc Class A	1.05%	9,464,201	$257M	trimmed−4%	−0.19 pp	14 q
EPAMEpam Systems, Inc.	0.96%	918,497	$235M	added+20%	+0.25 pp	2 q
UNMUnum Group	0.96%	4,778,110	$235M	trimmed−9%	−0.07 pp	7 q
FIVNFIVE9, Inc.	0.94%	3,593,745	$231M	added+66%	+0.21 pp	2 q
AJGArthur J. Gallagher & Co.	0.89%	957,820	$218M	added+16%	+0.15 pp	2 q
KRTXKaruna Therapeutics, Inc.	0.78%	1,131,263	$191M	added+19%	−0.06 pp	13 q
ISRGIntuitive Surgical Inc.	0.76%	640,983	$187M	new	+0.76 pp	new
CBRECbre Group, Inc.	0.75%	2,504,799	$185M	trimmed−45%	−0.77 pp	2 q
METMetLife, Inc.	0.75%	2,933,356	$185M	new	+0.75 pp	new
ADPTAdaptive Biotechnologies Corporation	0.67%	29,993,708	$163M	held	—	18 q
ACHCAcadia Healthcare Company, Inc.	0.65%	2,255,213	$159M	trimmed−30%	−0.41 pp	12 q
PGRProgressive Corporation	0.65%	1,145,322	$160M	added×2.9	+0.43 pp	7 q
unresolvedRayzebio Inc	0.60%	6,642,700	$147M	new	+0.60 pp	new
SNPSSynopsys Inc	0.58%	308,059	$141M	trimmed−1%	+0.02 pp	3 q
IFFInternational Flavors & Fragrances Inc.	0.57%	2,067,060	$141M	trimmed−42%	−0.60 pp	8 q
INBXInhibrx Biosciences, Inc.	0.53%	7,150,826	$131M	added+8%	−0.18 pp	13 q
MAMastercard Incorporated	0.47%	292,288	$116M	trimmed−71%	−1.17 pp	7 q
CLColgate-Palmolive Company	0.41%	1,424,845	$101M	added+15%	+0.02 pp	3 q
KBRKBR, Inc.	0.37%	1,555,209	$92M	added+29%	+0.05 pp	4 q
CNHCnh Industrial N.v.	0.33%	6,741,281	$82M	added+41%	+0.05 pp	3 q
CPNGCoupang, Inc.	0.30%	4,362,544	$74M	trimmed−72%	−0.79 pp	3 q
DOVDover Corporation	0.30%	536,587	$75M	new	+0.30 pp	new
NAMSNewAmsterdam Pharma Company N.V.	0.30%	8,024,565	$74M	added+23%	−0.02 pp	4 q
BEKEKE Holdings Inc.	0.29%	4,620,000	$72M	new	+0.29 pp	new
KDPKeurig Dr Pepper Inc.	0.29%	2,288,261	$72M	new	+0.29 pp	new
THCTenet Healthcare Corporation New	0.28%	1,025,840	$68M	added×2.8	+0.16 pp	2 q
PHVSPharvaris N.V.	0.27%	3,231,923	$67M	held	—	11 q
DDOGDatadog, Inc. Class A	0.25%	668,511	$61M	trimmed−24%	−0.11 pp	2 q
FDMT4D Molecular Therapeutics, Inc.	0.25%	4,787,914	$61M	held	—	12 q
ZLABZai Lab Limited	0.25%	2,491,003	$61M	trimmed−5%	−0.05 pp	11 q
GTMZoomInfo Technologies Inc	0.25%	3,754,192	$62M	added×3.0	+0.12 pp	3 q
BSXBoston Scientific Corp.	0.24%	1,110,292	$59M	new	+0.24 pp	new
CFLTConfluent, Inc. Class A	0.24%	1,983,066	$59M	new	+0.24 pp	new
AMLXAmylyx Pharmaceuticals, Inc.	0.22%	2,962,555	$54M	held	—	7 q
VKTXViking Therapeutics, Inc	0.21%	4,573,316	$51M	added+29%	−0.03 pp	3 q
MBLYMobileye Global Inc. Class A	0.17%	1,011,692	$42M	new	+0.17 pp	new
DGDollar General Corp.	0.16%	368,172	$39M	new	+0.16 pp	new
WOOFoot Locker Inc	0.16%	2,235,456	$39M	new	+0.16 pp	new
EWTXEdgewise Therapeutics, Inc.	0.14%	6,159,146	$35M	added+4%	−0.05 pp	11 q
ARMArm Holdings plc	0.13%	600,000	$32M	new	+0.13 pp	new
DAWNDay One Biopharmaceuticals, Inc.	0.13%	2,558,563	$31M	held	—	10 q
FTCHQFarfetch Limited A	0.09%	10,844,009	$23M	added×2.3	−0.03 pp	4 q
VSTMVerastem, Inc.	0.08%	2,456,292	$20M	added+30%	+0.02 pp	2 q
unresolvedRallybio Corp	0.06%	4,194,777	$14M	held	—	9 q
TRVITrevi Therapeutics, Inc.	0.04%	4,400,000	$10M	held	—	5 q
PEPGPepGen Inc.	0.03%	1,482,434	$8M	held	—	6 q
LIANYLianbio SP/	0.02%	3,564,173	$5M	held	—	8 q
CARTMaplebear Inc.	0.02%	125,000	$4M	new	+0.02 pp	new
KNTEKinnate Biopharma Inc.	0.01%	1,820,462	$3M	held	—	12 q
ELVElevance Health, Inc.	—	−1,412,701	—	exited	−2.58 pp	—
SHWThe Sherwin-Williams Company	—	−2,274,718	—	exited	−2.48 pp	—
INTUIntuit Inc	—	−1,053,352	—	exited	−1.98 pp	—
ANETArista Networks	—	−2,036,587	—	exited	−1.36 pp	—
MUMicron Technology, Inc.	—	−4,424,339	—	exited	−1.15 pp	—
NFLXNetFlix Inc	—	−630,865	—	exited	−1.14 pp	—
STXSeagate Technology Holdings PLC (Ireland)	—	−3,186,400	—	exited	−0.81 pp	—
CBChubb Limited	—	−970,942	—	exited	−0.77 pp	—
EMREmerson Electric Co.	—	−1,901,470	—	exited	−0.71 pp	—
NVDANvidia Corp	—	−312,400	—	exited	−0.54 pp	—
CEGConstellation Energy Corporation	—	−1,041,072	—	exited	−0.39 pp	—
RIVNRivian Automotive, Inc. Class A	—	−5,433,046	—	exited	−0.37 pp	—
KVUEKenvue Inc.	—	−3,141,799	—	exited	−0.34 pp	—
RCIRogers Communications, Inc.	—	−1,764,200	—	exited	−0.33 pp	—
BABAAlibaba Group Holding Limited	—	−932,407	—	exited	−0.32 pp	—
XPOXPO, Inc.	—	−1,281,240	—	exited	−0.31 pp	—
NEWRNew Relic, Inc.	—	−1,098,858	—	exited	−0.30 pp	—
DELLDell Technologies Inc.	—	−1,215,208	—	exited	−0.27 pp	—
ALKSAlkermes Inc. plc	—	−2,116,275	—	exited	−0.27 pp	—
GHGuardant Health, Inc.	—	−1,594,326	—	exited	−0.23 pp	—
AIC3.ai, Inc.	—	−179,653	—	exited	−0.03 pp	—