Viking Global Investors
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Andreas Halvorsen's Viking Global Investors reported 83 stock positions worth $34.6 billion. Its top holding was Bank of America (BAC) at 4.3% of the portfolio, followed by Schwab (charles) (SCHW, 4.2%) and Capital One Financial (COF, 3.5%). Compared with Q1 2025, it opened 19 new positions, sold out of 28, added to 35 and reduced 18. The biggest buy was a new position in Walt Disney (DIS) and the biggest sale an exit from Unitedhealth (UNH).
- Most Recent 13F
- Q2 2026
- Notable People
- Andreas Halvorsen
- Location
- STAMFORD, CT
- CIK
- 0001103804
- Portfolio Value
- $34.6B (Q2 2025)
- SEC Filing
- 0001103804-25-000007 ↗ filed Aug 14, 2025
Holdings Value
Holdings 83 stocks · $34.6B
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 4.27% | 31,246,972 | $1.5B | Reduce -3.0% |
| SCHW Schwab (charles) Corp. | 4.16% | 15,773,225 | $1.4B | Reduce -11.0% |
| COF Capital One Financial Corp. | 3.49% | 5,671,358 | $1.2B | Add +23.5% |
| JPM JPMorgan Chase & Co. | 3.39% | 4,042,034 | $1.2B | Add +86.1% |
| USB US Bancorp | 3.15% | 24,089,428 | $1.1B | Reduce -30.9% |
| TSM Taiwan Semiconductor-SP ADR | 2.83% | 4,329,295 | $980.5M | Reduce -11.4% |
| MCD McDonald's Corp. | 2.64% | 3,125,432 | $913.2M | Add +171.7% |
| AMZN Amazon.com Inc. | 2.47% | 3,897,092 | $855.0M | Add +43.2% |
| FTV Fortive Corp. | 2.40% | 15,912,624 | $829.5M | Add +22.9% |
| BBIO Bridgebio Pharma Inc. | 2.32% | 18,555,375 | $801.2M | Reduce -15.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.10% | 5,848,066 | $725.2M | New |
| HCA HCA Healthcare Inc. | 2.07% | 1,872,133 | $717.2M | Add +58.5% |
| TMUS T-Mobile US Inc. | 1.96% | 2,845,316 | $677.9M | Add +81.7% |
| BMRN Biomarin Pharmaceutical Inc. | 1.95% | 12,288,611 | $675.5M | Add +13.8% |
| SHW The Sherwin-Williams Co. | 1.94% | 1,957,750 | $672.2M | Add +101.4% |
| FLUT Flutter Entertainment PLC-Di | 1.89% | 2,284,905 | $652.9M | Reduce -10.5% |
| GM General Motors Co. | 1.85% | 13,018,874 | $640.7M | Add +81.1% |
| PM Philip Morris International | 1.82% | 3,454,186 | $629.1M | Add +7.5% |
| COR Cencora Inc. | 1.80% | 2,081,732 | $624.2M | Add +95.0% |
| AMT American Tower Corp. | 1.79% | 2,797,125 | $618.2M | Add +233.5% |
| CSX CSX Corp. | 1.78% | 18,871,882 | $615.8M | Add +10.6% |
| APD Air Products & Chemicals Inc. | 1.76% | 2,154,154 | $607.6M | New |
| ROST Ross Stores Inc. | 1.75% | 4,747,639 | $605.7M | Add +9.9% |
| BA The Boeing Co. | 1.72% | 2,835,065 | $594.0M | Reduce -12.3% |
| APG Api Group Corp. | 1.70% | 11,537,518 | $589.0M | Reduce -46.4% |
| NVDA Nvidia Corp. | 1.68% | 3,681,935 | $581.7M | Reduce -43.7% |
| PRMB Primo Brands Corp. | 1.68% | 19,602,116 | $580.6M | Add +290.2% |
| V Visa Inc. Class A | 1.66% | 1,620,722 | $575.4M | Reduce -23.7% |
| DHR Danaher Corp. | 1.66% | 2,907,515 | $574.4M | Add +543.9% |
| SE Sea Ltd.-ADR | 1.64% | 3,536,987 | $565.7M | Reduce -15.0% |
| QCOM Qualcomm Inc. | 1.45% | 3,152,866 | $502.1M | Add +120.1% |
| RRX Regal Rexnord Corp. | 1.44% | 3,430,128 | $497.2M | Add +25.7% |
| NKE Nike Inc. Class B | 1.43% | 6,967,198 | $494.9M | Add +25.6% |
| PNC PNC Financial Services Group | 1.28% | 2,375,664 | $442.9M | New |
| ROIV Roivant Sciences Ltd. | 1.12% | 34,237,779 | $385.9M | Reduce -25.6% |
| TIC Tic Solutions Inc. filed as ACUREN CORP | 1.10% | 34,360,000 | $379.3M | No change |
| FSLR First Solar Inc. | 1.08% | 2,266,050 | $375.1M | Add +60.6% |
| CCL Carnival Corp. | 1.07% | 13,207,267 | $371.4M | Add +6.4% |
| XYZ Block Inc. | 1.06% | 5,420,475 | $368.2M | New |
| DHI D.R. Horton Inc. | 1.05% | 2,827,032 | $364.5M | Add +108.3% |
| CVNA Carvana Co. | 1.05% | 1,077,976 | $363.2M | Reduce -57.8% |
| RACE Ferrari NV | 1.02% | 721,269 | $353.5M | Add +432.7% |
| TSLA Tesla Inc. | 1.01% | 1,100,331 | $349.5M | Add +214.3% |
| ADPT Adaptive Biotechnologies | 1.01% | 29,993,708 | $349.4M | No change |
| BSX Boston Scientific Corp. | 0.95% | 3,045,764 | $327.1M | Add +28.1% |
| LLY Eli Lilly & Co. | 0.94% | 416,918 | $325.0M | New |
| CMG Chipotle Mexican Grill Inc. | 0.92% | 5,688,483 | $319.4M | Reduce -5.3% |
| CPT Camden Property Trust | 0.88% | 2,716,022 | $306.1M | Reduce -2.6% |
| LEN Lennar Corp. Class A | 0.81% | 2,523,594 | $279.1M | Add +86.7% |
| AMD Advanced Micro Devices | 0.78% | 1,910,571 | $271.1M | New |
| CSGP Costar Group Inc. | 0.75% | 3,218,568 | $258.8M | New |
| RAL Ralliant Corp. | 0.74% | 5,304,195 | $257.2M | Add +23.0% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.67% | 725,795 | $232.3M | Add +8.9% |
| SAIA Saia Inc. | 0.66% | 827,659 | $226.8M | New |
| BLK BlackRock Inc. | 0.59% | 195,104 | $204.7M | New |
| META Meta Platforms Inc. Class A | 0.57% | 265,499 | $196.0M | Reduce -81.9% |
| TEVA Teva Pharmaceutical-SP ADR | 0.57% | 11,681,333 | $195.8M | Add +15.4% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.56% | 2,674,320 | $192.5M | New |
| CART Maplebear Inc. | 0.49% | 3,752,924 | $169.8M | New |
| CME Cme Group Inc. | 0.48% | 597,374 | $164.6M | New |
| ITGR Integer Holdings Corp. | 0.46% | 1,283,965 | $157.9M | Add +9.1% |
| AIG American International Group | 0.45% | 1,815,785 | $155.4M | New |
| JCI Johnson Controls Internation | 0.44% | 1,450,812 | $153.2M | New |
| AS Amer Sports Inc. | 0.43% | 3,880,649 | $150.4M | Add +64.8% |
| APP AppLovin Corp. Class A | 0.38% | 372,973 | $130.6M | Add +172.1% |
| MASI Masimo Corp. | 0.37% | 767,426 | $129.1M | New |
| NAMS Newamsterdam Pharma Co. NV | 0.37% | 6,978,534 | $126.4M | No change |
| RYAN Ryan Specialty Holdings Inc. | 0.28% | 1,412,767 | $96.1M | Add +47.8% |
| RPRX Royalty Pharma PLC Class A | 0.27% | 2,597,460 | $93.6M | Reduce -75.4% |
| UBS UBS Group AG-Reg | 0.25% | 2,580,412 | $87.3M | New |
| MOH Molina Healthcare Inc. | 0.23% | 267,421 | $79.7M | New |
| LAB Standard Biotools Inc. | 0.20% | 58,651,170 | $70.4M | No change |
| ORIC Oric Pharmaceuticals Inc. | 0.19% | 6,572,700 | $66.7M | No change |
| PHVS Pharvaris NV | 0.19% | 3,653,310 | $64.3M | No change |
| SION Sionna Therapeutics Inc. | 0.16% | 3,195,181 | $55.4M | Add +8.2% |
| MTSR Metsera Inc. | 0.13% | 1,616,612 | $46.0M | No change |
| DNA Ginkgo Bioworks Holdings Inc. | 0.12% | 3,577,128 | $40.2M | No change |
| INBX Inhibrx Biosciences Inc. | 0.07% | 1,787,705 | $25.5M | No change |
| HQY Healthequity Inc. | 0.07% | 219,746 | $23.0M | New |
| ESTA Establishment Labs Holdings | 0.04% | 343,465 | $14.7M | New |
| TRVI Trevi Therapeutics Inc. | 0.02% | 1,543,000 | $8.4M | Reduce -52.2% |
| PEPG Pepgen Inc. | 0.00% | 1,482,434 | $1.6M | No change |
| RLYB Rallybio Corp. | 0.00% | 4,194,777 | $1.4M | No change |
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −3.56 |
| INTU Intuit Inc. | Sold out | 0.00% | −3.33 |
| NFLX Netflix Inc. | Sold out | 0.00% | −2.22 |
| META Meta Platforms Inc. Class A | Reduce -81.9% | 0.57% | −2.12 |
| CB Chubb Ltd. | Sold out | 0.00% | −1.87 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −1.75 |
| USB US Bancorp | Reduce -30.9% | 3.15% | −1.52 |
| DB Deutsche Bank AG-Registered | Sold out | 0.00% | −1.13 |
| ALL Allstate Corp. | Sold out | 0.00% | −1.12 |
| DASH DoorDash Inc. Class A | Sold out | 0.00% | −1.08 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −1.05 |
| PGR Progressive Corp. | Sold out | 0.00% | −0.96 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.96 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.82 |
| RPRX Royalty Pharma PLC Class A | Reduce -75.4% | 0.27% | −0.77 |
| APG Api Group Corp. | Reduce -46.4% | 1.70% | −0.74 |
| V Visa Inc. Class A | Reduce -23.7% | 1.66% | −0.70 |
| CVNA Carvana Co. | Reduce -57.8% | 1.05% | −0.65 |
| MAA Mid-America Apartment Comm | Sold out | 0.00% | −0.60 |
| NVDA Nvidia Corp. | Reduce -43.7% | 1.68% | −0.57 |
| EQH Equitable Holdings Inc. | Sold out | 0.00% | −0.54 |
| MNST Monster Beverage Corp. | Sold out | 0.00% | −0.53 |
| MTB M & T Bank Corp. | Sold out | 0.00% | −0.42 |
| ROIV Roivant Sciences Ltd. | Reduce -25.6% | 1.12% | −0.36 |
| TRU Transunion | Sold out | 0.00% | −0.35 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.34 |
| BNTX Biontech SE-ADR | Sold out | 0.00% | −0.25 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.25 |
| SCHW Schwab (charles) Corp. | Reduce -11.0% | 4.16% | −0.25 |
| CPT Camden Property Trust | Reduce -2.6% | 0.88% | −0.20 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.20 |
| TVTX Travere Therapeutics Inc. | Sold out | 0.00% | −0.15 |
| BBIO Bridgebio Pharma Inc. | Reduce -15.9% | 2.32% | −0.11 |
| SE Sea Ltd.-ADR | Reduce -15.0% | 1.64% | −0.09 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −0.08 |
| IMVT Immunovant Inc. | Sold out | 0.00% | −0.06 |
| SAIL Sailpoint Inc. | Sold out | 0.00% | −0.06 |
| TRVI Trevi Therapeutics Inc. | Reduce -52.2% | 0.02% | −0.04 |
| CMG Chipotle Mexican Grill Inc. | Reduce -5.3% | 0.92% | −0.03 |
| EWTX Edgewise Therapeutics Inc. | Sold out | 0.00% | −0.03 |
| BA The Boeing Co. | Reduce -12.3% | 1.72% | −0.03 |
| MET Metlife Inc. | Sold out | 0.00% | −0.02 |
| LI Li Auto Inc. - ADR | Sold out | 0.00% | −0.01 |
| BAC Bank of America Corp. | Reduce -3.0% | 4.27% | +0.01 |
| FLUT Flutter Entertainment PLC-Di | Reduce -10.5% | 1.89% | +0.09 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -11.4% | 2.83% | +0.26 |
Portfolio Buys Q1 2025 → Q2 2025
| DIS The Walt Disney Co. | New | 2.10% | +2.10 |
| APD Air Products & Chemicals Inc. | New | 1.76% | +1.76 |
| JPM JPMorgan Chase & Co. | Add +86.1% | 3.39% | +1.70 |
| MCD McDonald's Corp. | Add +171.7% | 2.64% | +1.50 |
| DHR Danaher Corp. | Add +543.9% | 1.66% | +1.37 |
| PNC PNC Financial Services Group | New | 1.28% | +1.28 |
| AMT American Tower Corp. | Add +233.5% | 1.79% | +1.21 |
| PRMB Primo Brands Corp. | Add +290.2% | 1.68% | +1.11 |
| XYZ Block Inc. | New | 1.06% | +1.06 |
| LLY Eli Lilly & Co. | New | 0.94% | +0.94 |
| COF Capital One Financial Corp. | Add +23.5% | 3.49% | +0.87 |
| SHW The Sherwin-Williams Co. | Add +101.4% | 1.94% | +0.86 |
| COR Cencora Inc. | Add +95.0% | 1.80% | +0.86 |
| RACE Ferrari NV | Add +432.7% | 1.02% | +0.84 |
| AMZN Amazon.com Inc. | Add +43.2% | 2.47% | +0.83 |
| AMD Advanced Micro Devices | New | 0.78% | +0.78 |
| GM General Motors Co. | Add +81.1% | 1.85% | +0.78 |
| HCA HCA Healthcare Inc. | Add +58.5% | 2.07% | +0.78 |
| QCOM Qualcomm Inc. | Add +120.1% | 1.45% | +0.75 |
| CSGP Costar Group Inc. | New | 0.75% | +0.75 |
| TSLA Tesla Inc. | Add +214.3% | 1.01% | +0.72 |
| SAIA Saia Inc. | New | 0.66% | +0.66 |
| TMUS T-Mobile US Inc. | Add +81.7% | 1.96% | +0.63 |
| BLK BlackRock Inc. | New | 0.59% | +0.59 |
| TTD Trade Desk Inc./the Class A | New | 0.56% | +0.56 |
| FSLR First Solar Inc. | Add +60.6% | 1.08% | +0.52 |
| DHI D.R. Horton Inc. | Add +108.3% | 1.05% | +0.51 |
| CART Maplebear Inc. | New | 0.49% | +0.49 |
| CME Cme Group Inc. | New | 0.48% | +0.48 |
| RRX Regal Rexnord Corp. | Add +25.7% | 1.44% | +0.45 |
| AIG American International Group | New | 0.45% | +0.45 |
| JCI Johnson Controls Internation | New | 0.44% | +0.44 |
| MASI Masimo Corp. | New | 0.37% | +0.37 |
| LEN Lennar Corp. Class A | Add +86.7% | 0.81% | +0.31 |
| NKE Nike Inc. Class B | Add +25.6% | 1.43% | +0.31 |
| CCL Carnival Corp. | Add +6.4% | 1.07% | +0.30 |
| APP AppLovin Corp. Class A | Add +172.1% | 0.38% | +0.26 |
| UBS UBS Group AG-Reg | New | 0.25% | +0.25 |
| AS Amer Sports Inc. | Add +64.8% | 0.43% | +0.23 |
| MOH Molina Healthcare Inc. | New | 0.23% | +0.23 |
| PM Philip Morris International | Add +7.5% | 1.82% | +0.20 |
| CSX CSX Corp. | Add +10.6% | 1.78% | +0.18 |
| BSX Boston Scientific Corp. | Add +28.1% | 0.95% | +0.18 |
| RAL Ralliant Corp. | Add +23.0% | 0.74% | +0.08 |
| TEVA Teva Pharmaceutical-SP ADR | Add +15.4% | 0.57% | +0.07 |
| HQY Healthequity Inc. | New | 0.07% | +0.07 |
| SION Sionna Therapeutics Inc. | Add +8.2% | 0.16% | +0.06 |
| RYAN Ryan Specialty Holdings Inc. | Add +47.8% | 0.28% | +0.05 |
| ESTA Establishment Labs Holdings | New | 0.04% | +0.04 |
| ITGR Integer Holdings Corp. | Add +9.1% | 0.46% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 90 | $35.1B | V, TSM, APD, SHW, FTV |
| Q1 2026 | 77 | $35.7B | V, TSM, SCHW, DIS, FTV |
| Q4 2025 | 76 | $37.7B | MSFT, PNC, TSM, V, SCHW |
| Q3 2025 | 78 | $38.5B | PNC, JPM, SCHW, COF, MSFT |
| Q2 2025 | 83 | $34.6B | BAC, SCHW, COF, JPM, USB |
| Q1 2025 | 91 | $31.5B | USB, SCHW, BAC, UNH, INTU |
| Q4 2024 | 86 | $30.9B | JPM, USB, V, BAC, SCHW |
| Q3 2024 | 83 | $27.4B | USB, ADBE, AAPL, PM, V |
| Q2 2024 | 82 | $26.0B | AMZN, ADBE, PM, MSFT, APG |
| Q1 2024 | 83 | $26.9B | V, WDAY, AMZN, PM, APG |