Viking Fund Management LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 16, 2024), Viking Fund Management LLC reported 126 stock positions worth $558.5 million. Its top holding was Broadcom (AVGO) at 4.7% of the portfolio, followed by Abbvie (ABBV, 4.4%) and Nextera Energy (NEE, 3.4%). Compared with Q1 2024, it opened 7 new positions, sold out of 4, added to 39 and reduced 32. The biggest buy was a new position in Corning (GLW) and the biggest sale Diamondback Energy (FANG, shares −62%).

Most Recent 13F
Q2 2026
Location
MINOT, ND
CIK
0001169069
Portfolio Value
$558.5M (Q2 2024)
SEC Filing
0001169069-24-000006 ↗ filed Jul 16, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $552.6M Q1 2024 Q2 2024: $558.5M $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 Q2 2026

Holdings 126 stocks · $558.5M
AVGO Broadcom Inc. 4.75% 16,510 $26.5M Reduce -9.8%
ABBV Abbvie Inc. 4.38% 142,500 $24.4M Add +6.9%
NEE Nextera Energy Inc. 3.40% 268,000 $19.0M Reduce -4.3%
QCOM Qualcomm Inc. 2.32% 65,000 $12.9M Reduce -27.0%
ETR Entergy Corp. 2.27% 118,600 $12.7M Reduce -5.6%
AEP American Electric Power 2.26% 144,000 $12.6M Reduce -6.5%
BLK BlackRock Finance Inc. 2.11% 15,000 $11.8M Reduce -6.3%
ENB Enbridge Inc. 2.04% 319,500 $11.4M Reduce -2.9%
PR Permian Resources Corp. Class A 1.99% 687,300 $11.1M Add +129.1%
TRGP Targa Resources Corp. 1.87% 81,000 $10.4M Reduce -4.7%
LNG Cheniere Energy Inc. 1.85% 59,000 $10.3M No change
DVN Devon Energy Corp. 1.81% 213,000 $10.1M No change
PEP Pepsico Inc. 1.80% 61,000 $10.1M Add +10.9%
KMB Kimberly-Clark Corp. 1.76% 71,000 $9.8M Reduce -5.3%
MS Morgan Stanley 1.74% 100,000 $9.7M Reduce -23.2%
PRU Prudential Financial Inc. 1.71% 81,500 $9.6M Reduce -3.4%
PM Philip Morris International 1.66% 91,500 $9.3M Add +0.2%
JPM JPMorgan Chase & Co. 1.63% 45,000 $9.1M Reduce -29.7%
CVX Chevron Corp. 1.62% 58,000 $9.1M Add +163.6%
GLW Corning Inc. 1.60% 230,000 $8.9M New
TXN Texas Instruments Inc. 1.53% 44,000 $8.6M Reduce -6.4%
MO Altria Group Inc. 1.51% 185,250 $8.4M Add +2.8%
XOM Exxon Mobil Corp. 1.44% 70,000 $8.1M Reduce -22.2%
MRK Merck & Co. Inc. 1.44% 65,000 $8.0M Reduce -11.0%
NVDA Nvidia Corp. 1.44% 65,000 $8.0M Reduce -7.1%
PFE Pfizer Inc. 1.43% 286,000 $8.0M Add +4.0%
HD Home Depot Inc. 1.42% 23,000 $7.9M Add +9.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.28% 180,000 $7.2M Reduce -10.0%
APD Air Products & Chemicals Inc. 1.25% 27,000 $7.0M No change
SBUX Starbucks Corp. 1.21% 87,000 $6.8M Add +163.6%
VZ Verizon Communications Inc. 1.20% 163,000 $6.7M Add +0.9%
TGT Target Corp. 1.19% 45,000 $6.7M No change
XEL Xcel Energy Inc. 1.17% 122,400 $6.5M Add +19.5%
SWKS Skyworks Solutions Inc. 1.05% 55,000 $5.9M Add +37.5%
TRP TC Energy Corp. 1.03% 152,400 $5.8M Add +0.7%
LMT Lockheed Martin Corp. 1.00% 12,000 $5.6M Add +71.4%
BTI British American Tob-SP ADR 1.00% 180,500 $5.6M Add +0.6%
MRO Marathon Oil Corp. 0.92% 180,000 $5.2M No change
UNH Unitedhealth Group Inc. 0.91% 10,000 $5.1M Add +150.0%
KVUE Kenvue Inc. 0.91% 280,000 $5.1M No change
BCE Bce Inc. 0.90% 156,000 $5.0M Add +2.8%
FANG Diamondback Energy Inc. 0.90% 25,000 $5.0M Reduce -61.7%
KLAC KLA Corp. 0.89% 6,000 $4.9M No change
AAPL Apple Inc. 0.87% 23,000 $4.8M No change
BMY Bristol-Myers Squibb Co. 0.84% 112,700 $4.7M Add +9.7%
BKR Baker Hughes Co. 0.83% 132,000 $4.6M Add +17.9%
PAYX Paychex Inc. 0.83% 39,000 $4.6M New
SHEL Shell PLC-ADR 0.78% 60,000 $4.3M Reduce -14.3%
LRCX Lam Research Corp. 0.76% 4,000 $4.3M No change
UPS United Parcel Service Class B 0.74% 30,000 $4.1M Add +11.1%
MCD McDonald's Corp. 0.73% 16,000 $4.1M Add +166.7%
V Visa Inc. Class A 0.70% 15,000 $3.9M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.69% 22,200 $3.8M Add +0.5%
ORI Old Republic Intl Corp. 0.66% 120,000 $3.7M No change
TT Trane Technologies PLC 0.65% 11,000 $3.6M No change
OVV Ovintiv Inc. 0.63% 75,000 $3.5M No change
PBA Pembina Pipeline Corp. 0.61% 91,400 $3.4M No change
ITW Illinois Tool Works 0.59% 14,000 $3.3M No change
INTU Intuit Inc. 0.59% 5,000 $3.3M No change
KO The Coca-Cola Co. 0.57% 50,000 $3.2M No change
PSX Phillips 66 0.56% 22,000 $3.1M Reduce -8.3%
MA Mastercard Inc. Class A 0.55% 7,000 $3.1M No change
PG The Procter & Gamble Co. 0.53% 18,000 $3.0M No change
TPL Texas Pacific Land Corp. 0.53% 4,000 $2.9M Reduce -55.6%
TS Tenaris SA-ADR 0.52% 95,000 $2.9M Reduce -29.6%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.51% 60,000 $2.8M Add +100.0%
WM Waste Management Inc. 0.50% 13,000 $2.8M No change
GPC Genuine Parts Co. 0.50% 20,000 $2.8M Add +17.6%
TMO Thermo Fisher Scientific Inc. 0.50% 5,000 $2.8M No change
AMD Advanced Micro Devices 0.49% 17,000 $2.8M No change
AES AES Corp. 0.48% 153,000 $2.7M Reduce -14.0%
MSFT Microsoft Corp. 0.48% 6,000 $2.7M No change
CVS CVS Health Corp. 0.48% 45,000 $2.7M Add +28.6%
CMS CMS Energy Corp. 0.47% 44,000 $2.6M No change
EE Excelerate Energy Inc. Class A 0.46% 140,000 $2.6M No change
VLO Valero Energy Corp. 0.42% 15,000 $2.4M Reduce -16.7%
SPGI S&P Global Inc. 0.40% 5,000 $2.2M No change
LOW Lowe's Cos Inc. 0.39% 10,000 $2.2M No change
CSCO Cisco Systems Inc. 0.38% 45,000 $2.1M Add +28.6%
FDX FedEx Corp. 0.38% 7,000 $2.1M No change
EXC Exelon Corp. 0.37% 60,500 $2.1M No change
ENPH Enphase Energy Inc. 0.36% 20,000 $2.0M Reduce -9.1%
AR Antero Resources Corp. 0.35% 60,000 $2.0M No change
DE Deere & Co. 0.33% 5,000 $1.9M No change
CTRA Coterra Energy Inc. 0.33% 70,000 $1.9M No change
EW Edwards Lifesciences Corp. 0.33% 20,000 $1.8M No change
XPRO Expro Group Holdings NV 0.33% 80,000 $1.8M New
NET Cloudflare Inc. Class A 0.31% 21,000 $1.7M New
SM SM Energy Co. 0.31% 40,000 $1.7M No change
HAL Halliburton Co. 0.30% 50,000 $1.7M Reduce -28.6%
NEM Newmont Corp. 0.30% 40,000 $1.7M Add +33.3%
T AT&T Inc. 0.29% 84,000 $1.6M Add +12.0%
PNC PNC Financial Services Group 0.29% 10,300 $1.6M Add +1.0%
FSLR First Solar Inc. 0.28% 7,000 $1.6M Add +55.6%
DAR Darling Ingredients Inc. 0.26% 39,000 $1.4M No change
CAT Caterpillar Inc. 0.24% 4,000 $1.3M No change
ARRY Array Technologies Inc. 0.22% 120,000 $1.2M Reduce -29.4%
SHLS Shoals Technologies Group -A 0.22% 195,000 $1.2M Add +21.9%
TSLA Tesla Inc. 0.21% 6,000 $1.2M No change
PTEN Patterson-Uti Energy Inc. 0.19% 100,000 $1.0M No change

Show all 126 holdings

Portfolio Sells Q1 2024 → Q2 2024
FANG Diamondback Energy Inc. Reduce -61.7% 0.90% −1.45
JPM JPMorgan Chase & Co. Reduce -29.7% 1.63% −0.69
RIO Rio Tinto PLC-Spon ADR Reduce -98.6% 0.01% −0.58
MS Morgan Stanley Reduce -23.2% 1.74% −0.48
XOM Exxon Mobil Corp. Reduce -22.2% 1.44% −0.45
TS Tenaris SA-ADR Reduce -29.6% 0.52% −0.44
ALL Allstate Corp. Sold out 0.00% −0.44
EOG EOG Resources Inc. Sold out 0.00% −0.42
TPL Texas Pacific Land Corp. Reduce -55.6% 0.53% −0.42
QCOM Qualcomm Inc. Reduce -27.0% 2.32% −0.41
AMGN Amgen Inc. Sold out 0.00% −0.36
MRK Merck & Co. Inc. Reduce -11.0% 1.44% −0.30
BLK BlackRock Finance Inc. Reduce -6.3% 2.11% −0.30
WEC WEC Energy Group Inc. Sold out 0.00% −0.25
ARRY Array Technologies Inc. Reduce -29.4% 0.22% −0.24
HAL Halliburton Co. Reduce -28.6% 0.30% −0.20
WHD Cactus Inc. Class A Reduce -54.3% 0.15% −0.17
PSX Phillips 66 Reduce -8.3% 0.56% −0.15
AEP American Electric Power Reduce -6.5% 2.26% −0.14
VLO Valero Energy Corp. Reduce -16.7% 0.42% −0.14
ETR Entergy Corp. Reduce -5.6% 2.27% −0.13
ENPH Enphase Energy Inc. Reduce -9.1% 0.36% −0.12
ENB Enbridge Inc. Reduce -2.9% 2.04% −0.12
AES AES Corp. Reduce -14.0% 0.48% −0.10
BAC Bank of America Corp. Reduce -10.0% 1.28% −0.09
GNRC Generac Holdings Inc. Reduce -44.4% 0.12% −0.09
PRU Prudential Financial Inc. Reduce -3.4% 1.71% −0.08
SHEL Shell PLC-ADR Reduce -14.3% 0.78% −0.07
MUSA Murphy USA Inc. Reduce -33.3% 0.17% −0.06
SCCO Southern Copper Corp. Reduce -99.2% 0.00% −0.01
KMB Kimberly-Clark Corp. Reduce -5.3% 1.76% +0.00
TXN Texas Instruments Inc. Reduce -6.4% 1.53% +0.05
TRGP Targa Resources Corp. Reduce -4.7% 1.87% +0.15
NEE Nextera Energy Inc. Reduce -4.3% 3.40% +0.16
NVDA Nvidia Corp. Reduce -7.1% 1.44% +0.29
AVGO Broadcom Inc. Reduce -9.8% 4.75% +0.35

Portfolio Buys Q1 2024 → Q2 2024
GLW Corning Inc. New 1.60% +1.60
PR Permian Resources Corp. Class A Add +129.1% 1.99% +1.03
CVX Chevron Corp. Add +163.6% 1.62% +1.00
PAYX Paychex Inc. New 0.83% +0.83
SBUX Starbucks Corp. Add +163.6% 1.21% +0.67
UNH Unitedhealth Group Inc. Add +150.0% 0.91% +0.55
LMT Lockheed Martin Corp. Add +71.4% 1.00% +0.43
MCD McDonald's Corp. Add +166.7% 0.73% +0.42
XPRO Expro Group Holdings NV New 0.33% +0.33
NET Cloudflare Inc. Class A New 0.31% +0.31
SWKS Skyworks Solutions Inc. Add +37.5% 1.05% +0.27
SLB SLB Ltd. Add +100.0% 0.51% +0.21
XEL Xcel Energy Inc. Add +19.5% 1.17% +0.17
NXT Nextpower Inc. New 0.17% +0.17
BKR Baker Hughes Co. Add +17.9% 0.83% +0.15
PM Philip Morris International Add +0.2% 1.66% +0.15
FSLR First Solar Inc. Add +55.6% 0.28% +0.15
NEM Newmont Corp. Add +33.3% 0.30% +0.11
MO Altria Group Inc. Add +2.8% 1.51% +0.09
CSCO Cisco Systems Inc. Add +28.6% 0.38% +0.07
PEP Pepsico Inc. Add +10.9% 1.80% +0.06
PFE Pfizer Inc. Add +4.0% 1.43% +0.05
T AT&T Inc. Add +12.0% 0.29% +0.05
GPC Genuine Parts Co. Add +17.6% 0.50% +0.02
WEN The Wendy's Co. New 0.02% +0.02
TROW T Rowe Price Group Inc. Add +566.7% 0.01% +0.01
BTI British American Tob-SP ADR Add +0.6% 1.00% +0.01
UPS United Parcel Service Class B Add +11.1% 0.74% +0.01
CFG Citizens Financial Group New 0.01% +0.01
DOW Dow Inc. Add +150.0% 0.01% +0.01
CHRD Chord Energy Corp. Add +50.0% 0.02% +0.01
DUK Duke Energy Corp. Add +100.0% 0.01% +0.00
USB US Bancorp Add +27.2% 0.02% +0.00
LYB Lyondellbasell Indu Class A Add +50.0% 0.01% +0.00
WHR Whirlpool Corp. Add +33.3% 0.01% +0.00
WBA Walgreens Boots Alliance Inc. Add +66.7% 0.01% −0.00
PNC PNC Financial Services Group Add +1.0% 0.29% −0.01
ABBV Abbvie Inc. Add +6.9% 4.38% −0.01
VZ Verizon Communications Inc. Add +0.9% 1.20% −0.02
BCE Bce Inc. Add +2.8% 0.90% −0.03
CVS CVS Health Corp. Add +28.6% 0.48% −0.03
HD Home Depot Inc. Add +9.5% 1.42% −0.04
TRP TC Energy Corp. Add +0.7% 1.03% −0.07
IBM Intl Business Machines Corp. Add +0.5% 0.69% −0.08
SHLS Shoals Technologies Group -A Add +21.9% 0.22% −0.11
BMY Bristol-Myers Squibb Co. Add +9.7% 0.84% −0.17

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