Viking Fund Management LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 13, 2026), Viking Fund Management LLC reported 146 stock positions worth $1.1 billion. Its top holding was Broadcom (AVGO) at 3.7% of the portfolio, followed by Corning (GLW, 3.0%) and Chevron (CVX, 2.9%). Compared with Q1 2026, it opened 10 new positions, sold out of 7, added to 28 and reduced 20. The biggest buy was a new position in Eastman Chemical (EMN) and the biggest sale TC Energy (TRP, shares −15%).

Most Recent 13F
Q2 2026
Location
MINOT, ND
CIK
0001169069
Portfolio Value
$1.1B (Q2 2026)
SEC Filing
0001169069-26-000006 ↗ filed Jul 13, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $552.6M Q1 2024 Q2 2024: $558.5M Q2 2024 Q3 2024: $615.5M Q3 2024 Q4 2024: $642.3M Q4 2024 Q1 2025: $693.6M Q1 2025 Q2 2025: $728.0M Q2 2025 Q3 2025: $827.4M Q3 2025 Q4 2025: $862.8M Q4 2025 Q1 2026: $975.6M Q1 2026 Q2 2026: $1.1B $1.1B Q2 2026

Holdings 146 stocks · $1.1B
AVGO Broadcom Inc. 3.70% 109,500 $41.4M Add +0.5%
GLW Corning Inc. 2.97% 130,000 $33.2M Reduce -29.7%
CVX Chevron Corp. 2.87% 193,500 $32.1M Add +19.8%
TRP TC Energy Corp. 2.67% 450,000 $29.8M Reduce -15.1%
ABBV Abbvie Inc. 2.48% 110,000 $27.7M Add +22.2%
WMB Williams Cos Inc. 2.36% 354,000 $26.3M Add +47.5%
BMY Bristol-Myers Squibb Co. 2.29% 443,000 $25.5M Add +18.8%
NEE Nextera Energy Inc. 2.26% 287,300 $25.2M Add +0.8%
HPE Hewlett Packard Enterprise 2.02% 500,000 $22.6M Reduce -9.1%
ETR Entergy Corp. 2.00% 194,000 $22.3M Reduce -5.4%
XEL Xcel Energy Inc. 1.87% 260,000 $20.9M No change
MS Morgan Stanley 1.78% 95,000 $19.9M No change
GPC Genuine Parts Co. 1.69% 160,000 $18.9M Add +60.0%
PEP Pepsico Inc. 1.69% 139,000 $18.8M No change
KMB Kimberly-Clark Corp. 1.57% 160,000 $17.6M Add +55.3%
MKC McCormick & Co.-Non VTG SHRS 1.51% 335,000 $16.9M Add +67.5%
DELL Dell Technologies -C 1.51% 39,000 $16.8M Reduce -9.3%
VZ Verizon Communications Inc. 1.39% 367,000 $15.5M No change
FITB Fifth Third Bancorp 1.36% 270,000 $15.2M Add +35.0%
BAC Bank of America Corp. 1.33% 260,000 $14.8M Add +18.2%
PRU Prudential Financial Inc. 1.30% 135,000 $14.6M Add +8.0%
MO Altria Group Inc. 1.30% 202,000 $14.5M No change
JPM JPMorgan Chase & Co. 1.29% 44,000 $14.4M No change
PSX Phillips 66 1.29% 85,000 $14.4M No change
BTI British American Tob-SP ADR 1.27% 230,000 $14.2M Add +9.5%
AFG American Financial Group Inc. 1.27% 101,000 $14.1M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.26% 50,000 $14.1M Add +85.2%
C Citigroup Inc. 1.23% 98,000 $13.7M No change
T AT&T Inc. 1.21% 655,000 $13.6M Add +13.9%
SHEL Shell PLC-ADR 1.19% 172,000 $13.3M Add +7.5%
LLY Eli Lilly & Co. 1.18% 11,000 $13.2M No change
QCOM Qualcomm Inc. 1.17% 70,900 $13.1M Reduce -5.5%
NVO Novo-Nordisk A/S-Spons ADR 1.16% 270,000 $12.9M No change
LNG Cheniere Energy Inc. 1.16% 54,000 $12.9M Add +20.0%
MRK Merck & Co. Inc. 1.15% 100,000 $12.8M No change
PG The Procter & Gamble Co. 1.05% 80,000 $11.7M No change
TTE Totalenergies SE 1.04% 150,000 $11.7M Add +50.0%
KO The Coca-Cola Co. 0.98% 135,000 $11.0M No change
DOCN Digitalocean Holdings Inc. 0.96% 68,000 $10.7M Reduce -9.3%
AMD Advanced Micro Devices 0.88% 17,000 $9.9M No change
HD Home Depot Inc. 0.88% 28,000 $9.9M No change
FANG Diamondback Energy Inc. 0.87% 55,000 $9.7M No change
TXN Texas Instruments Inc. 0.85% 32,000 $9.5M No change
KLAC KLA Corp. 0.81% 30,000 $9.1M No change
EMN Eastman Chemical Co. 0.78% 130,000 $8.7M New
LRCX Lam Research Corp. 0.78% 20,000 $8.7M No change
EVRG Evergy Inc. 0.77% 100,000 $8.6M No change
TRGP Targa Resources Corp. 0.77% 32,000 $8.6M Reduce -36.0%
EXE Expand Energy Corp. 0.76% 93,000 $8.5M Add +5.7%
ALL Allstate Corp. 0.75% 35,000 $8.3M No change
ORI Old Republic Intl Corp. 0.73% 200,000 $8.2M No change
PFE Pfizer Inc. 0.73% 338,000 $8.1M No change
BBY Best Buy Co. Inc. 0.72% 106,000 $8.0M No change
PR Permian Resources Corp. Class A 0.68% 411,000 $7.6M No change
VLO Valero Energy Corp. 0.68% 29,000 $7.6M No change
KGS Kodiak Gas Services Inc. 0.67% 100,000 $7.5M Reduce -36.3%
AROC Archrock Inc. 0.66% 180,000 $7.3M Reduce -18.2%
BKR Baker Hughes Co. 0.65% 130,000 $7.2M No change
NVDA Nvidia Corp. 0.63% 35,000 $7.0M No change
XOM Exxonmobil Holdings Corp. 0.61% 50,000 $6.8M No change
MCD McDonald's Corp. 0.61% 25,000 $6.8M Add +25.0%
LMT Lockheed Martin Corp. 0.59% 13,000 $6.6M No change
GOOGL Alphabet Inc. Class A 0.58% 18,000 $6.4M No change
UPS United Parcel Service Class B 0.57% 59,000 $6.3M No change
UNM Unum Group 0.56% 70,000 $6.3M No change
DVN Devon Energy Corp. 0.56% 150,000 $6.2M New
AAPL Apple Inc. 0.54% 21,000 $6.1M No change
PAYX Paychex Inc. 0.53% 60,000 $5.9M No change
NRG NRG Energy Inc. 0.52% 39,500 $5.8M Add +51.9%
VST Vistra Corp. 0.50% 35,000 $5.6M Add +75.0%
PM Philip Morris International 0.49% 30,000 $5.4M No change
TT Trane Technologies PLC 0.48% 11,000 $5.4M No change
SBUX Starbucks Corp. 0.48% 52,000 $5.3M No change
NET Cloudflare Inc. Class A 0.46% 21,000 $5.2M No change
V Visa Inc. Class A 0.46% 15,000 $5.1M No change
AR Antero Resources Corp. 0.44% 140,000 $4.9M Add +16.7%
BLK BlackRock Inc. 0.43% 5,000 $4.8M No change
VRT Vertiv Holdings Co. Class A 0.42% 14,000 $4.7M Reduce -12.5%
SR Spire Inc. 0.42% 60,000 $4.7M No change
ITW Illinois Tool Works 0.41% 17,000 $4.6M No change
PANW Palo Alto Networks Inc. 0.40% 13,203 $4.5M No change
LB Landbridge Co. LLC-A 0.40% 56,000 $4.4M No change
CAT Caterpillar Inc. 0.38% 4,000 $4.3M No change
EQT Eqt Corp. 0.36% 75,000 $4.0M No change
TPL Texas Pacific Land Corp. 0.35% 9,000 $3.9M No change
NEXT Nextdecade Corp. 0.34% 500,000 $3.8M Add +11.1%
BMI Badger Meter Inc. 0.33% 25,000 $3.7M Add +25.0%
OVV Ovintiv Inc. 0.33% 69,000 $3.6M Add +15.0%
MA Mastercard Inc. Class A 0.32% 7,000 $3.6M No change
APD Air Products & Chemicals Inc. 0.29% 11,000 $3.2M No change
DE Deere & Co. 0.28% 5,000 $3.2M No change
WM Waste Management Inc. 0.26% 13,000 $2.9M No change
EXC Exelon Corp. 0.25% 60,000 $2.8M No change
FTI Technipfmc PLC 0.24% 40,000 $2.7M No change
VG Venture Global Inc. Class A 0.23% 230,000 $2.6M No change
TMO Thermo Fisher Scientific Inc. 0.22% 5,000 $2.5M No change
UNH Unitedhealth Group Inc. 0.22% 6,000 $2.5M No change
PNC PNC Financial Services Group 0.22% 10,000 $2.5M No change
FLEX Flex Ltd. 0.22% 15,000 $2.4M New
KMI Kinder Morgan Inc. 0.21% 75,000 $2.4M No change

Show all 146 holdings

Portfolio Sells Q1 2026 → Q2 2026
TRP TC Energy Corp. Reduce -15.1% 2.67% −0.73
KVUE Kenvue Inc. Sold out 0.00% −0.53
TRGP Targa Resources Corp. Reduce -36.0% 0.77% −0.52
ACN Accenture PLC Class A Sold out 0.00% −0.41
ETR Entergy Corp. Reduce -5.4% 2.00% −0.37
SLB SLB Ltd. Sold out 0.00% −0.32
MRSH Marsh & McLennan Cos Sold out 0.00% −0.30
COP Conocophillips Sold out 0.00% −0.27
KGS Kodiak Gas Services Inc. Reduce -36.3% 0.67% −0.27
MUSA Murphy USA Inc. Sold out 0.00% −0.20
AROC Archrock Inc. Reduce -18.2% 0.66% −0.13
FSLR First Solar Inc. Reduce -37.5% 0.21% −0.11
DAR Darling Ingredients Inc. Reduce -33.3% 0.10% −0.09
NE Noble Corp. PLC Reduce -33.3% 0.03% −0.04
LYB Lyondellbasell Indu Class A Reduce -50.0% 0.01% −0.04
BKE The Buckle Inc. Reduce -50.0% 0.02% −0.03
CALM Cal-Maine Foods Inc. Sold out 0.00% −0.02
UBS UBS Group AG-Reg Reduce -41.2% 0.04% −0.02
BHP BHP Group Ltd.-Spon ADR Reduce -40.0% 0.02% −0.01
RIO Rio Tinto PLC-Spon ADR Reduce -25.0% 0.03% −0.01
SHLS Shoals Technologies Group -A Reduce -23.1% 0.09% +0.00
VRT Vertiv Holdings Co. Class A Reduce -12.5% 0.42% +0.01
QCOM Qualcomm Inc. Reduce -5.5% 1.17% +0.18
DOCN Digitalocean Holdings Inc. Reduce -9.3% 0.96% +0.30
GLW Corning Inc. Reduce -29.7% 2.97% +0.40
HPE Hewlett Packard Enterprise Reduce -9.1% 2.02% +0.68
DELL Dell Technologies -C Reduce -9.3% 1.51% +0.78

Portfolio Buys Q1 2026 → Q2 2026
EMN Eastman Chemical Co. New 0.78% +0.78
GPC Genuine Parts Co. Add +60.0% 1.69% +0.61
IBM Intl Business Machines Corp. Add +85.2% 1.26% +0.59
WMB Williams Cos Inc. Add +47.5% 2.36% +0.57
DVN Devon Energy Corp. New 0.56% +0.56
KMB Kimberly-Clark Corp. Add +55.3% 1.57% +0.55
MKC McCormick & Co.-Non VTG SHRS Add +67.5% 1.51% +0.48
ABBV Abbvie Inc. Add +22.2% 2.48% +0.47
FITB Fifth Third Bancorp Add +35.0% 1.36% +0.41
AVGO Broadcom Inc. Add +0.5% 3.70% +0.25
BAC Bank of America Corp. Add +18.2% 1.33% +0.23
FLEX Flex Ltd. New 0.22% +0.22
TK Teekay Corp. Ltd. New 0.21% +0.21
AD Array Digital Infrastructure New 0.20% +0.20
VST Vistra Corp. Add +75.0% 0.50% +0.19
CEG Constellation Energy New 0.18% +0.18
GPOR Gulfport Energy Corp. New 0.15% +0.15
NRG NRG Energy Inc. Add +51.9% 0.52% +0.13
TTE Totalenergies SE Add +50.0% 1.04% +0.11
XE X-Energy Inc. New 0.08% +0.08
PRU Prudential Financial Inc. Add +8.0% 1.30% +0.05
ING ING Groep N.V.-Sponsored ADR New 0.03% +0.03
BMI Badger Meter Inc. Add +25.0% 0.33% +0.02
TFC Truist Financial Corp. Add +50.0% 0.05% +0.02
BTI British American Tob-SP ADR Add +9.5% 1.27% +0.01
SIGA Siga Technologies Inc. New 0.01% +0.01
SNY Sanofi-ADR Add +50.0% 0.07% +0.01
NEXT Nextdecade Corp. Add +11.1% 0.34% −0.02
MCD McDonald's Corp. Add +25.0% 0.61% −0.03
BMY Bristol-Myers Squibb Co. Add +18.8% 2.29% −0.03
OVV Ovintiv Inc. Add +15.0% 0.33% −0.04
AR Antero Resources Corp. Add +16.7% 0.44% −0.08
LNG Cheniere Energy Inc. Add +20.0% 1.16% −0.15
EXE Expand Energy Corp. Add +5.7% 0.76% −0.23
SHEL Shell PLC-ADR Add +7.5% 1.19% −0.33
NEE Nextera Energy Inc. Add +0.8% 2.26% −0.46
T AT&T Inc. Add +13.9% 1.21% −0.49
CVX Chevron Corp. Add +19.8% 2.87% −0.55

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 146$1.1BAVGO, GLW, CVX, TRP, ABBV
Q1 2026 142$975.6MAVGO, CVX, TRP, NEE, GLW
Q4 2025 137$862.8MAVGO, TRP, NEE, CVX, GLW
Q3 2025 141$827.4MAVGO, NEE, TRP, CVX, ETR
Q2 2025 143$728.0MAVGO, NEE, TRP, CVX, PEP
Q1 2025 140$693.6MNEE, AVGO, CVX, BMY, ABBV
Q4 2024 132$642.3MAVGO, NEE, ABBV, TRP, CVX
Q3 2024 131$615.5MAVGO, ABBV, NEE, ETR, BLK
Q2 2024 126$558.5MAVGO, ABBV, NEE, QCOM, ETR
Q1 2024 123$552.6MAVGO, ABBV, NEE, QCOM, BLK