Viking Fund Management LLC

Name: VIKING FUND MANAGEMENT LLC 13F holdings, Q4 2024
Creator: VIKING FUND MANAGEMENT LLC
Published: 2025-01-17

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 17, 2025), Viking Fund Management LLC reported 132 stock positions worth $642.3 million. Its top holding was Broadcom (AVGO) at 4.4% of the portfolio, followed by Nextera Energy (NEE, 3.3%) and Abbvie (ABBV, 3.0%). Compared with Q3 2024, it opened 9 new positions, sold out of 9, added to 34 and reduced 20. The biggest buy was TC Energy (TRP, shares +143%) and the biggest sale an exit from Devon Energy (DVN).

Most Recent 13F: Q2 2026
Location: MINOT, ND
CIK: 0001169069
Portfolio Value: $642.3M (Q4 2024)
SEC Filing: 0001169069-25-000002 ↗ filed Jan 17, 2025

Holdings Value

Holdings 132 stocks · $642.3M


AVGO Broadcom Inc.	4.44%	123,000	$28.5M	Reduce -24.1%
NEE Nextera Energy Inc.	3.29%	295,000	$21.1M	Add +10.1%
ABBV Abbvie Inc.	3.04%	110,000	$19.5M	Reduce -12.7%
TRP TC Energy Corp.	2.77%	382,000	$17.8M	Add +143.3%
CVX Chevron Corp.	2.41%	107,000	$15.5M	Add +52.9%
ETR Entergy Corp.	2.03%	172,000	$13.0M	Reduce -30.4%
BMY Bristol-Myers Squibb Co.	1.93%	218,700	$12.4M	Add +133.7%
BLK BlackRock Inc.	1.92%	12,000	$12.3M	Reduce -20.0%
MS Morgan Stanley	1.86%	95,000	$11.9M	Reduce -5.0%
GLW Corning Inc.	1.85%	250,000	$11.9M	Add +8.7%
PR Permian Resources Corp. Class A	1.75%	781,000	$11.2M	Reduce -11.3%
AEP American Electric Power	1.73%	120,500	$11.1M	No change
QCOM Qualcomm Inc.	1.72%	72,000	$11.1M	No change
XEL Xcel Energy Inc.	1.68%	160,000	$10.8M	Reduce -1.5%
PFE Pfizer Inc.	1.59%	384,000	$10.2M	Add +11.6%
JPM JPMorgan Chase & Co.	1.57%	42,000	$10.1M	No change
PEP Pepsico Inc.	1.56%	66,000	$10.0M	No change
MRK Merck & Co. Inc.	1.55%	100,000	$9.9M	Add +63.9%
PRU Prudential Financial Inc.	1.50%	81,500	$9.7M	No change
KMB Kimberly-Clark Corp.	1.45%	71,000	$9.3M	No change
C Citigroup Inc.	1.42%	130,000	$9.2M	New
HD Home Depot Inc.	1.39%	23,000	$8.9M	No change
PM Philip Morris International	1.37%	73,000	$8.8M	No change
NVDA Nvidia Corp.	1.36%	65,000	$8.7M	No change
VZ Verizon Communications Inc.	1.34%	215,000	$8.6M	Add +31.9%
LNG Cheniere Energy Inc.	1.30%	39,000	$8.4M	Reduce -18.8%
MO Altria Group Inc.	1.26%	155,250	$8.1M	No change
BAC Bank of America Corp. filed as BANK AMERICA CORP	1.23%	180,000	$7.9M	No change
SBUX Starbucks Corp.	1.21%	85,000	$7.8M	Reduce -19.1%
LRCX Lam Research Corp.	1.20%	107,000	$7.7M	Add +7.0%
TXN Texas Instruments Inc.	1.20%	41,000	$7.7M	No change
PSX Phillips 66	1.19%	67,000	$7.6M	Add +91.4%
T AT&T Inc.	1.18%	334,000	$7.6M	Add +297.6%
APD Air Products & Chemicals Inc.	1.17%	26,000	$7.5M	Reduce -10.3%
ORI Old Republic Intl Corp.	1.16%	206,000	$7.5M	Add +71.7%
CTRA Coterra Energy Inc.	1.15%	290,000	$7.4M	Add +222.2%
TGT Target Corp.	1.05%	50,000	$6.8M	Add +11.1%
XOM Exxon Mobil Corp.	1.00%	60,000	$6.5M	Add +33.3%
GPC Genuine Parts Co.	1.00%	55,000	$6.4M	Add +10.0%
KVUE Kenvue Inc.	1.00%	300,000	$6.4M	No change
CME Cme Group Inc.	0.95%	26,400	$6.1M	New
PAYX Paychex Inc.	0.94%	43,000	$6.0M	No change
LMT Lockheed Martin Corp.	0.91%	12,000	$5.8M	No change
MCD McDonald's Corp.	0.90%	20,000	$5.8M	No change
BTI British American Tob-SP ADR	0.89%	157,500	$5.7M	No change
BKR Baker Hughes Co.	0.84%	132,000	$5.4M	No change
AAPL Apple Inc.	0.82%	21,000	$5.3M	No change
DELL Dell Technologies -C	0.81%	45,000	$5.2M	New
UNM Unum Group	0.80%	70,000	$5.1M	New
EQT Eqt Corp.	0.79%	110,000	$5.1M	Add +120.0%
UPS United Parcel Service Class B	0.79%	40,000	$5.0M	No change
AR Antero Resources Corp.	0.76%	140,000	$4.9M	Add +40.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.76%	22,200	$4.9M	No change
SWKS Skyworks Solutions Inc.	0.76%	55,000	$4.9M	No change
V Visa Inc. Class A	0.74%	15,000	$4.7M	No change
TRGP Targa Resources Corp.	0.72%	26,000	$4.6M	Reduce -56.7%
ENB Enbridge Inc.	0.69%	104,500	$4.4M	Reduce -64.5%
ITW Illinois Tool Works	0.67%	17,000	$4.3M	No change
TT Trane Technologies PLC	0.63%	11,000	$4.1M	No change
VLO Valero Energy Corp.	0.61%	32,000	$3.9M	Add +68.4%
KLAC KLA Corp.	0.59%	6,000	$3.8M	No change
MA Mastercard Inc. Class A	0.57%	7,000	$3.7M	No change
GPOR Gulfport Energy Corp.	0.57%	20,000	$3.7M	New
BCE Bce Inc.	0.56%	156,000	$3.6M	No change
PBA Pembina Pipeline Corp.	0.53%	91,400	$3.4M	No change
FANG Diamondback Energy Inc.	0.51%	20,000	$3.3M	Reduce -13.0%
LYB Lyondellbasell Indu Class A	0.50%	43,000	$3.2M	Add +2766.7%
INTU Intuit Inc.	0.49%	5,000	$3.1M	No change
KO The Coca-Cola Co.	0.48%	50,000	$3.1M	No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.48%	80,000	$3.1M	No change
EE Excelerate Energy Inc. Class A	0.47%	100,000	$3.0M	Reduce -28.6%
PG The Procter & Gamble Co.	0.47%	18,000	$3.0M	No change
FSLR First Solar Inc.	0.47%	17,000	$3.0M	Add +88.9%
KGS Kodiak Gas Services Inc.	0.45%	70,000	$2.9M	Add +16.7%
AES AES Corp.	0.44%	220,000	$2.8M	Add +5.8%
NRG NRG Energy Inc.	0.42%	30,000	$2.7M	Add +50.0%
CSCO Cisco Systems Inc.	0.41%	45,000	$2.7M	No change
WM Waste Management Inc.	0.41%	13,000	$2.6M	No change
VST Vistra Corp.	0.41%	19,000	$2.6M	Add +90.0%
TMO Thermo Fisher Scientific Inc.	0.41%	5,000	$2.6M	No change
MSFT Microsoft Corp.	0.39%	6,000	$2.5M	No change
SPGI S&P Global Inc.	0.39%	5,000	$2.5M	No change
LOW Lowe's Cos Inc.	0.38%	10,000	$2.5M	No change
EXC Exelon Corp.	0.36%	62,000	$2.3M	No change
TS Tenaris SA-ADR	0.35%	60,000	$2.3M	Reduce -36.8%
NET Cloudflare Inc. Class A	0.35%	21,000	$2.3M	No change
DE Deere & Co.	0.33%	5,000	$2.1M	No change
KMI Kinder Morgan Inc.	0.32%	75,000	$2.1M	No change
AMD Advanced Micro Devices	0.32%	17,000	$2.1M	No change
UNH Unitedhealth Group Inc.	0.32%	4,000	$2.0M	Reduce -60.0%
COP Conocophillips	0.31%	20,000	$2.0M	New
FDX FedEx Corp.	0.31%	7,000	$2.0M	No change
VRT Vertiv Holdings Co. Class A	0.30%	17,000	$1.9M	Add +13.3%
PNC PNC Financial Services Group	0.30%	10,000	$1.9M	Reduce -5.7%
GTLS Chart Industries Inc.	0.30%	10,000	$1.9M	No change
WFRD Weatherford International PL	0.29%	26,000	$1.9M	Add +23.8%
NEM Newmont Corp.	0.29%	50,000	$1.9M	Add +42.9%
PTEN Patterson-Uti Energy Inc.	0.23%	180,000	$1.5M	Add +63.6%
EW Edwards Lifesciences Corp.	0.23%	20,000	$1.5M	No change
CAT Caterpillar Inc.	0.23%	4,000	$1.5M	No change

Show all 132 holdings

Portfolio Sells Q3 2024 → Q4 2024


DVN Devon Energy Corp.	Sold out	0.00%	−1.35
CIVI Civitas Resources Inc.	Sold out	0.00%	−1.26
ENB Enbridge Inc.	Reduce -64.5%	0.69%	−1.25
ABBV Abbvie Inc.	Reduce -12.7%	3.04%	−1.00
TRGP Targa Resources Corp.	Reduce -56.7%	0.72%	−0.72
CMS CMS Energy Corp.	Sold out	0.00%	−0.69
UNH Unitedhealth Group Inc.	Reduce -60.0%	0.32%	−0.63
ETR Entergy Corp.	Reduce -30.4%	2.03%	−0.61
CVS CVS Health Corp.	Sold out	0.00%	−0.46
SBUX Starbucks Corp.	Reduce -19.1%	1.21%	−0.46
BLK BlackRock Inc.	Reduce -20.0%	1.92%	−0.40
OVV Ovintiv Inc.	Sold out	0.00%	−0.31
DAR Darling Ingredients Inc.	Sold out	0.00%	−0.24
APD Air Products & Chemicals Inc.	Reduce -10.3%	1.17%	−0.23
PR Permian Resources Corp. Class A	Reduce -11.3%	1.75%	−0.20
TS Tenaris SA-ADR	Reduce -36.8%	0.35%	−0.14
FANG Diamondback Energy Inc.	Reduce -13.0%	0.51%	−0.13
AVGO Broadcom Inc.	Reduce -24.1%	4.44%	−0.10
LNG Cheniere Energy Inc.	Reduce -18.8%	1.30%	−0.10
TPL Texas Pacific Land Corp.	Reduce -37.5%	0.17%	−0.06
ARRY Array Technologies Inc.	Reduce -25.0%	0.08%	−0.04
XEL Xcel Energy Inc.	Reduce -1.5%	1.68%	−0.04
EE Excelerate Energy Inc. Class A	Reduce -28.6%	0.47%	−0.03
PNC PNC Financial Services Group	Reduce -5.7%	0.30%	−0.02
UMC United Microelectron-SP ADR	Sold out	0.00%	−0.01
DUK Duke Energy Corp.	Sold out	0.00%	−0.01
CHRD Chord Energy Corp.	Reduce -33.3%	0.01%	−0.01
BRY Berry Corp.	Sold out	0.00%	−0.00
MS Morgan Stanley	Reduce -5.0%	1.86%	+0.17

Portfolio Buys Q3 2024 → Q4 2024


TRP TC Energy Corp.	Add +143.3%	2.77%	+1.55
C Citigroup Inc.	New	1.42%	+1.42
BMY Bristol-Myers Squibb Co.	Add +133.7%	1.93%	+1.14
CME Cme Group Inc.	New	0.95%	+0.95
T AT&T Inc.	Add +297.6%	1.18%	+0.88
DELL Dell Technologies -C	New	0.81%	+0.81
CTRA Coterra Energy Inc.	Add +222.2%	1.15%	+0.80
UNM Unum Group	New	0.80%	+0.80
CVX Chevron Corp.	Add +52.9%	2.41%	+0.74
GPOR Gulfport Energy Corp.	New	0.57%	+0.57
EQT Eqt Corp.	Add +120.0%	0.79%	+0.49
LYB Lyondellbasell Indu Class A	Add +2766.7%	0.50%	+0.47
ORI Old Republic Intl Corp.	Add +71.7%	1.16%	+0.47
PSX Phillips 66	Add +91.4%	1.19%	+0.44
MRK Merck & Co. Inc.	Add +63.9%	1.55%	+0.42
COP Conocophillips	New	0.31%	+0.31
AR Antero Resources Corp.	Add +40.0%	0.76%	+0.30
VST Vistra Corp.	Add +90.0%	0.41%	+0.22
VLO Valero Energy Corp.	Add +68.4%	0.61%	+0.19
PARR Par Pacific Holdings Inc.	New	0.19%	+0.19
GLW Corning Inc.	Add +8.7%	1.85%	+0.16
KGS Kodiak Gas Services Inc.	Add +16.7%	0.45%	+0.16
VZ Verizon Communications Inc.	Add +31.9%	1.34%	+0.15
XOM Exxon Mobil Corp.	Add +33.3%	1.00%	+0.15
NRG NRG Energy Inc.	Add +50.0%	0.42%	+0.13
FSLR First Solar Inc.	Add +88.9%	0.47%	+0.10
PTEN Patterson-Uti Energy Inc.	Add +63.6%	0.23%	+0.09
NXT Nextpower Inc.	Add +60.0%	0.18%	+0.06
VRT Vertiv Holdings Co. Class A	Add +13.3%	0.30%	+0.06
PBR Petroleo Brasileiro-Spon ADR	New	0.04%	+0.04
LPG Dorian LPG Ltd.	New	0.03%	+0.03
DOW Dow Inc.	Add +200.0%	0.06%	+0.03
D Dominion Energy Inc.	Add +400.0%	0.03%	+0.02
RF Regions Financial Corp.	Add +100.0%	0.02%	+0.01
DINO HF Sinclair Corp.	Add +33.3%	0.22%	+0.00
WFRD Weatherford International PL	Add +23.8%	0.29%	+0.00
NEM Newmont Corp.	Add +42.9%	0.29%	−0.01
PFE Pfizer Inc.	Add +11.6%	1.59%	−0.03
TGT Target Corp.	Add +11.1%	1.05%	−0.09
LRCX Lam Research Corp.	Add +7.0%	1.20%	−0.12
GPC Genuine Parts Co.	Add +10.0%	1.00%	−0.13
AES AES Corp.	Add +5.8%	0.44%	−0.24
NEE Nextera Energy Inc.	Add +10.1%	3.29%	−0.39

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	146	$1.1B	AVGO, GLW, CVX, TRP, ABBV
Q1 2026	142	$975.6M	AVGO, CVX, TRP, NEE, GLW
Q4 2025	137	$862.8M	AVGO, TRP, NEE, CVX, GLW
Q3 2025	141	$827.4M	AVGO, NEE, TRP, CVX, ETR
Q2 2025	143	$728.0M	AVGO, NEE, TRP, CVX, PEP
Q1 2025	140	$693.6M	NEE, AVGO, CVX, BMY, ABBV
Q4 2024	132	$642.3M	AVGO, NEE, ABBV, TRP, CVX
Q3 2024	131	$615.5M	AVGO, ABBV, NEE, ETR, BLK
Q2 2024	126	$558.5M	AVGO, ABBV, NEE, QCOM, ETR
Q1 2024	123	$552.6M	AVGO, ABBV, NEE, QCOM, BLK