Viking Global

Q1 2025 13F · by Andreas Halvorsen, CEO

As of: Mar 31, 2025
Filed: May 15, 2025
US stock: $31.5B · prev $30.9B
Positions: 91 · prev 86
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

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

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves104 since the prior filing

+33.7 pp in · −33.3 pp out

New 27 +21.77 pp
Added 27 +11.92 pp
Trimmed 28 −17.82 pp
Exited 22 −15.52 pp

The book

Diversified · behaves like 48 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 138% a year, about 0.7 years per position

Low
Moderate
High

Top 5 positions20% of US stock

USB U.S. Bancorp added+0.90 pp added+0.904.7%
SCHW The Charles Schwab Corporation added+0.90 pp added+0.904.4%
BAC Bank of America Corporation added+0.75 pp added+0.754.3%
UNH UNITEDHEALTH GROUP INCORPORATED (Delaware) added+0.45 pp added+0.453.6%
INTU Intuit Inc trimmed−0.17 pp trimmed−0.173.3%

Positions91 in this filing · 22 exited


USBU.S. Bancorp	4.68%	34,863,502	$1.5B	added+43%	+0.90 pp	6 q
SCHWThe Charles Schwab Corporation	4.41%	17,716,717	$1.4B	added+21%	+0.90 pp	3 q
BACBank of America Corporation	4.27%	32,199,070	$1.3B	added+30%	+0.75 pp	3 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	3.56%	2,137,806	$1.1B	added+12%	+0.45 pp	2 q
INTUIntuit Inc	3.33%	1,706,420	$1.0B	trimmed−1%	−0.17 pp	4 q
FTVFortive Corporation	3.01%	12,950,122	$948M	trimmed−2%	−0.19 pp	23 q
METAMeta Platforms, Inc. Class A	2.68%	1,466,311	$845M	new	+2.68 pp	new
COFCapital One Financial	2.62%	4,591,100	$823M	new	+2.62 pp	new
TSMTaiwan Semiconductor Manufacturing Company Ltd.	2.58%	4,889,247	$812M	added+20%	−0.03 pp	2 q
APGAPi Group Corporation	2.45%	21,537,518	$770M	held	—	20 q
BMRNBioMarin Pharmaceuticals Inc	2.43%	10,800,059	$763M	added+3%	+0.19 pp	14 q
BBIOBridgeBio Pharma, Inc.	2.42%	22,055,375	$762M	trimmed−12%	+0.19 pp	24 q
VVISA Inc.	2.37%	2,125,091	$745M	trimmed−39%	−1.20 pp	3 q
NVDANvidia Corp	2.25%	6,543,107	$709M	added×3.2	+1.37 pp	4 q
NFLXNetFlix Inc	2.22%	749,431	$699M	added+49%	+0.77 pp	4 q
CBChubb Limited	1.87%	1,949,065	$589M	new	+1.87 pp	new
FLUTFlutter Entertainment plc	1.80%	2,554,206	$566M	added+37%	+0.24 pp	3 q
BABoeing Company	1.75%	3,231,232	$551M	added+9%	+0.05 pp	2 q
ICEIntercontinental Exchange Inc.	1.75%	3,200,409	$552M	added+16%	+0.42 pp	2 q
ROSTRoss Stores Inc	1.75%	4,321,269	$552M	added×2.5	+0.91 pp	2 q
SESea Limited	1.72%	4,160,096	$543M	new	+1.72 pp	new
CVNACarvana Co.	1.70%	2,553,861	$534M	added×2.9	+1.13 pp	4 q
JPMJPMorgan Chase & Co.	1.69%	2,171,648	$533M	trimmed−71%	−4.10 pp	4 q
AMZNAmazon.Com Inc	1.65%	2,721,710	$518M	added+4%	−0.21 pp	40 q
PMPhilip Morris International Inc.	1.62%	3,213,460	$510M	trimmed−37%	−0.36 pp	8 q
CSXCSX Corporation	1.60%	17,068,769	$502M	added+16%	+0.07 pp	10 q
ROIVRoivant Sciences Ltd.	1.48%	46,013,752	$464M	trimmed−4%	−0.35 pp	14 q
TMUST-Mobile US, Inc.	1.33%	1,565,894	$418M	added×2.6	+0.89 pp	6 q
HCAHCA Healthcare, Inc.	1.30%	1,181,360	$408M	added+6%	+0.22 pp	6 q
TICTIC Solutions, Inc	1.21%	34,360,000	$382M	new	+1.21 pp	new
MCDMcDonald's Corporation	1.14%	1,150,434	$359M	new	+1.14 pp	new
DBDeutsche Bank Aktiengesellschaft	1.13%	15,106,082	$356M	new	+1.13 pp	new
ALLThe Allstate Corporation	1.12%	1,703,403	$353M	trimmed−12%	−0.09 pp	4 q
NKENike, Inc.	1.12%	5,546,625	$352M	new	+1.12 pp	new
CPTCamden Property Trust	1.08%	2,788,789	$341M	trimmed−17%	−0.18 pp	5 q
DASHDoorDash, Inc. Class A	1.08%	1,858,037	$340M	trimmed−62%	−1.61 pp	4 q
SHWThe Sherwin-Williams Company	1.08%	972,230	$339M	added+57%	+0.40 pp	4 q
GMGeneral Motors Company	1.07%	7,188,824	$338M	added×2.8	+0.63 pp	2 q
SKAASkechers USA Inc-cl A	1.05%	5,800,882	$329M	added+60%	+0.26 pp	2 q
RPRXRoyalty Pharma plc Class A	1.04%	10,563,939	$329M	trimmed−13%	+0.03 pp	20 q
RRXRegal Rexnord Corporation	0.99%	2,728,983	$311M	added×3.1	+0.55 pp	6 q
CMGChipotle Mexican Grill, Inc.	0.96%	6,006,556	$302M	new	+0.96 pp	new
PGRProgressive Corporation	0.96%	1,068,406	$302M	trimmed−51%	−0.73 pp	13 q
SNPSSynopsys Inc	0.96%	703,912	$302M	trimmed−2%	−0.17 pp	3 q
CORCencora, Inc.	0.94%	1,067,819	$297M	new	+0.94 pp	new
MSFTMicrosoft Corp	0.82%	683,918	$257M	trimmed−71%	−2.44 pp	5 q
CCLCarnival Corporation Ltd.	0.77%	12,408,817	$242M	new	+0.77 pp	new
BSXBoston Scientific Corp.	0.76%	2,376,764	$240M	added+9%	+0.13 pp	3 q
AJGArthur J. Gallagher & Co.	0.73%	666,552	$230M	new	+0.73 pp	new
ADPTAdaptive Biotechnologies Corporation	0.71%	29,993,708	$223M	held	—	24 q
QCOMQualcomm Inc	0.70%	1,432,337	$220M	added×4.4	+0.54 pp	2 q
MAAMid-America Apartment Communities, Inc.	0.60%	1,120,651	$188M	new	+0.60 pp	new
AMTAmerican Tower Corporation	0.58%	838,796	$183M	trimmed−7%	+0.05 pp	2 q
FSLRFirst Solar, Inc.	0.57%	1,411,131	$178M	new	+0.57 pp	new
PRMBPrimo Brands Corporation	0.57%	5,023,527	$178M	new	+0.57 pp	new
DHID.R. Horton Inc.	0.55%	1,357,054	$173M	new	+0.55 pp	new
EQHEquitable Holdings, Inc.	0.54%	3,279,559	$171M	added×4.3	+0.42 pp	5 q
MNSTMonster Beverage Corporation	0.53%	2,857,800	$167M	trimmed−65%	−0.84 pp	2 q
LENLennar Corporation Class A	0.49%	1,351,526	$155M	new	+0.49 pp	new
TEVATeva Pharmaceutical Industries Limited	0.49%	10,125,478	$156M	added+56%	+0.03 pp	3 q
NAMSNewAmsterdam Pharma Company N.V.	0.45%	6,978,534	$143M	held	—	10 q
ITGRInteger Holdings Corporation	0.44%	1,177,273	$139M	added+2%	−0.06 pp	5 q
MTBM&T Bank Corp.	0.42%	746,309	$133M	new	+0.42 pp	new
TRUTransUnion	0.35%	1,336,984	$111M	trimmed−67%	−0.88 pp	3 q
SPOTSpotify Technology S.A.	0.34%	192,877	$106M	trimmed−88%	−1.90 pp	4 q
DHRDanaher Corporation	0.29%	451,521	$93M	new	+0.29 pp	new
TSLATesla, Inc.	0.29%	350,084	$91M	new	+0.29 pp	new
ADSKAutodesk Inc	0.25%	304,494	$80M	trimmed−60%	−0.47 pp	3 q
BNTXBioNTech SE	0.25%	879,972	$80M	trimmed−6%	−0.10 pp	3 q
RYANRyan Specialty Holdings, Inc.	0.22%	955,889	$71M	new	+0.22 pp	new
LABStandard BioTools Inc.	0.20%	58,651,170	$63M	held	—	5 q
REGNRegeneron Pharmaceuticals Inc	0.20%	97,739	$62M	new	+0.20 pp	new
ASAmer Sports, Inc.	0.20%	2,354,335	$63M	new	+0.20 pp	new
RACEFerrari N.V.	0.18%	135,397	$57M	new	+0.18 pp	new
PHVSPharvaris N.V.	0.18%	3,653,310	$57M	held	—	17 q
TVTXTravere Therapeutics, Inc.	0.15%	2,601,922	$47M	trimmed−10%	−0.01 pp	2 q
unresolvedMetsera Inc	0.14%	1,616,612	$44M	new	+0.14 pp	new
APPApplovin Corporation Class A	0.12%	137,093	$36M	trimmed−8%	−0.04 pp	2 q
ORICOric Pharmaceuticals, Inc.	0.12%	6,572,700	$37M	added+48%	0.00 pp	5 q
SIONSionna Therapeutics, Inc.	0.10%	2,952,754	$31M	new	+0.10 pp	new
INBXInhibrx Biosciences, Inc.	0.08%	1,787,705	$25M	held	—	19 q
TWLOTwilio Inc.	0.08%	255,514	$25M	trimmed−70%	−0.21 pp	2 q
DNAGinkgo Bioworks Holdings, Inc.	0.06%	3,577,128	$20M	held	—	15 q
IMVTImmunovant, Inc.	0.06%	1,114,827	$19M	trimmed−21%	−0.05 pp	5 q
SAILSailPoint, Inc.	0.06%	1,010,307	$19M	new	+0.06 pp	new
TRVITrevi Therapeutics, Inc.	0.06%	3,227,792	$20M	trimmed−27%	0.00 pp	11 q
EWTXEdgewise Therapeutics, Inc.	0.03%	490,035	$11M	trimmed−60%	−0.08 pp	17 q
METMetLife, Inc.	0.02%	84,312	$7M	trimmed−99%	−1.57 pp	3 q
LILi Auto Inc.	0.01%	96,031	$2M	trimmed−98%	−0.35 pp	3 q
PEPGPepGen Inc.	0.01%	1,482,434	$2M	held	—	12 q
unresolvedRallybio Corp	0.01%	4,194,777	$3M	held	—	15 q
CMCSAComcast Corp	—	−19,818,985	—	exited	−2.41 pp	—
GOOGLAlphabet Inc. Class A	—	−3,661,375	—	exited	−2.24 pp	—
ADBEAdobe Inc.	—	−1,234,688	—	exited	−1.78 pp	—
SBUXStarbucks Corp	—	−5,344,064	—	exited	−1.58 pp	—
CRMSalesforce, Inc.	—	−1,211,482	—	exited	−1.31 pp	—
AONAon plc Class A	—	−720,364	—	exited	−0.84 pp	—
AALAmerican Airlines Group Inc.	—	−13,539,994	—	exited	−0.76 pp	—
COOThe Cooper Companies, Inc.	—	−2,025,310	—	exited	−0.60 pp	—
ZSZscaler, Inc.	—	−914,969	—	exited	−0.53 pp	—
TRVThe Travelers Companies, Inc.	—	−671,750	—	exited	−0.52 pp	—
KKRKKR & Co. Inc.	—	−875,778	—	exited	−0.42 pp	—
TEAMAtlassian Corporation Class A	—	−496,185	—	exited	−0.39 pp	—
GEVGE Vernova Inc.	—	−361,475	—	exited	−0.38 pp	—
APOApollo Global Management, Inc.	—	−569,435	—	exited	−0.30 pp	—
CHTRCharter Comm Inc Del CL A New	—	−251,441	—	exited	−0.28 pp	—
CSGPCoStar Group Inc	—	−1,162,703	—	exited	−0.27 pp	—
VSTVistra Corp.	—	−601,501	—	exited	−0.27 pp	—
APTVAptiv PLC	—	−1,024,222	—	exited	−0.20 pp	—
SNAPSnap Inc.	—	−5,298,559	—	exited	−0.18 pp	—
OSCROscar Health, Inc.	—	−3,073,765	—	exited	−0.13 pp	—
LULUlululemon athletica inc.	—	−83,105	—	exited	−0.10 pp	—
PONYPony AI Inc.	—	−739,797	—	exited	−0.03 pp	—