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VIKING GLOBAL INVESTORS LP

Q3 2025 · Filed 2025-11-14
Market Value
$38.0B
+13.0%
Holdings
92
-14
New Purchases
14
Added To
31
Closed
19
Reduced
20
Top 10 Concentration
34.0%
Turnover
35.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 3.31% 0.00% +3.31% $1.3B
PNC 4.21% 1.32% +2.89% $1.6B
NFLX 1.58% 0.00% +1.58% $600M
JCI 1.97% 0.46% +1.51% $747M
DKNG 1.48% 0.00% +1.48% $561M
AON 1.33% 0.00% +1.33% $504M
BLK 1.90% 0.61% +1.29% $722M
META 1.80% 0.58% +1.21% $682M
UBS 1.41% 0.26% +1.15% $535M
CLS 1.12% 0.00% +1.12% $424M
CVNA 2.09% 1.08% +1.01% $793M
DIS 3.15% 2.16% +0.99% $1.2B
AMD 1.78% 0.81% +0.97% $676M
MAA 0.97% 0.00% +0.97% $370M
KKR 0.93% 0.00% +0.93% $352M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
USB 0.00% 3.24% -3.24% $0
BAC 1.56% 4.40% -2.84% $593M
AMZN 0.00% 2.54% -2.54% $0
AMT 0.00% 1.84% -1.84% $0
NVDA 0.00% 1.73% -1.73% $0
QCOM 0.00% 1.49% -1.49% $0
CCL 0.00% 1.10% -1.10% $0
SQ 0.00% 1.09% -1.09% $0
DHI 0.00% 1.08% -1.08% $0
RACE 0.00% 1.05% -1.05% $0
ROST 0.81% 1.80% -0.99% $308M
LLY 0.00% 0.97% -0.97% $0
LEN 0.00% 0.83% -0.83% $0
BMRN 1.19% 2.01% -0.82% $451M
AJG 0.00% 0.69% -0.69% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 16 $10.7B 28.3%
Large Cap 55 $24.5B 64.4%
Mid Cap 14 $1.9B 5.0%
Small Cap 6 $850M 2.2%
Micro Cap 1 $16M 0.0%

Portfolio Analytics

Avg Market Cap
$271.2B
Median Market Cap
$50.6B
Avg P/E
39.4
Median P/E
28.8
Avg Dividend Yield
0.01%
Avg Beta
1.13
# Stocks
92
# ETFs / Funds
0

Top Holdings (92 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 PNC 4.21% 7,956,766 $1.6B $200.93 $1.2B +5,581,102 +234.9%
2 JPM 4.20% 5,059,060 $1.6B $315.43 $424M +1,017,026 +25.2%
3 SCHW 4.17% 16,583,101 $1.6B $95.47 $144M +809,876 +5.1%
4 COF 4.13% 7,388,506 $1.6B $212.58 $364M +1,717,148 +30.3%
5 MSFT 3.31% 2,429,412 $1.3B $517.95 +2,429,412 NEW
6 DIS 3.15% 10,449,711 $1.2B $114.50 $471M +4,601,645 +78.7%
7 TSM 2.90% 3,944,366 $1.1B $279.29 $121M -384,929 -8.9%
8 MCD 2.70% 3,374,875 $1.0B $303.89 $112M +249,443 +8.0%
9 FTV 2.64% 20,483,680 $1.0B $48.99 $174M +4,571,056 +28.7%
10 APD 2.63% 3,667,119 $1.0B $272.72 $392M +1,512,965 +70.2%
11 SHW 2.63% 2,881,091 $998M $346.26 $325M +923,341 +47.2%
12 V 2.60% 2,897,030 $989M $341.38 $414M +1,276,308 +78.8%
13 BBIO 2.18% 15,977,849 $830M $51.94 $29M -2,577,526 -13.9%
14 GM 2.09% 13,027,139 $794M $60.97 $154M +8,265 +0.1%
15 CVNA 2.09% 2,101,241 $793M $377.24 $429M +1,023,265 +94.9%
16 TMUS 2.05% 3,262,466 $781M $239.38 $103M +417,150 +14.7%
17 JCI 1.97% 6,796,942 $747M $109.95 $594M +5,346,130 +368.5%
18 BLK 1.90% 619,492 $722M $1,165.87 $518M +424,388 +217.5%
19 PM 1.89% 4,426,128 $718M $162.20 $89M +971,942 +28.1%
20 TSLA 1.88% 1,609,828 $716M $444.72 $366M +509,497 +46.3%
21 META 1.80% 929,003 $682M $734.38 $486M +663,504 +249.9%
22 AMD 1.78% 4,181,269 $676M $161.79 $405M +2,270,698 +118.8%
23 BA 1.71% 3,010,551 $650M $215.83 $56M +175,486 +6.2%
24 NKE 1.65% 8,996,579 $627M $69.73 $132M +2,029,381 +29.1%
25 NFLX 1.58% 500,812 $600M $1,198.92 +500,812 NEW
26 BAC 1.56% 11,500,290 $593M $51.59 -$885M -19,746,682 -63.2%
27 HCA 1.55% 1,380,583 $588M $426.20 -$129M -491,550 -26.3%
28 CSX 1.49% 15,947,719 $566M $35.51 -$49M -2,924,163 -15.5%
29 DKNG 1.48% 15,003,351 $561M $37.40 +15,003,351 NEW
30 ABC 1.46% 1,778,135 $556M $312.53 -$68M -303,597 -14.6%
31 DHR 1.44% 2,751,245 $545M $198.26 -$29M -156,270 -5.4%
32 SE 1.43% 3,039,203 $543M $178.73 -$23M -497,784 -14.1%
33 UBS 1.41% 13,096,560 $535M $40.84 $448M +10,516,148 +407.5%
34 PRMB 1.34% 23,033,970 $509M $22.10 -$72M +3,431,854 +17.5%
35 AON 1.33% 1,414,618 $504M $356.58 +1,414,618 NEW
36 TIC 1.20% 34,360,000 $457M $13.31 $78M
37 BMRN 1.19% 8,322,179 $451M $54.16 -$225M -3,966,432 -32.3%
38 ADPT 1.18% 29,993,708 $449M $14.96 $99M
39 RRX 1.18% 3,123,262 $448M $143.44 -$49M -306,866 -8.9%
40 CLS 1.12% 1,722,780 $424M $246.38 +1,722,780 NEW
41 APG 1.11% 12,306,277 $423M $34.37 -$166M +768,759 +6.7%
42 SAIA 1.09% 1,383,888 $414M $299.36 $188M +556,229 +67.2%
43 CPT 1.08% 3,846,740 $411M $106.78 $105M +1,130,718 +41.6%
44 MAA 0.97% 2,645,082 $370M $139.73 +2,645,082 NEW
45 ROIV 0.94% 23,594,831 $357M $15.13 -$29M -10,642,948 -31.1%
46 KKR 0.93% 2,709,024 $352M $129.95 +2,709,024 NEW
47 ROST 0.81% 2,023,868 $308M $152.39 -$297M -2,723,771 -57.4%
48 CMG 0.68% 6,636,563 $260M $39.19 -$59M +948,080 +16.7%
49 BSX 0.68% 2,641,682 $258M $97.63 -$69M -404,082 -13.3%
50 EW 0.63% 3,069,151 $239M $77.77 +3,069,151 NEW
51 RAL 0.58% 5,082,472 $222M $43.73 -$35M -221,723 -4.2%
52 CHWY 0.58% 5,483,690 $222M $40.45 +5,483,690 NEW
53 DB 0.56% 6,102,855 $215M $35.16 +6,102,855 NEW
54 CBRE 0.50% 1,210,004 $191M $157.56 +1,210,004 NEW
55 INTU 0.47% 264,136 $180M $682.91 +264,136 NEW
56 DECK 0.46% 1,726,926 $175M $101.37 +1,726,926 NEW
57 FSLR 0.45% 767,996 $169M $220.53 -$206M -1,498,054 -66.1%
58 MASI 0.42% 1,073,433 $158M $147.55 $29M +306,007 +39.9%
59 CSGP 0.41% 1,849,729 $156M $84.37 -$103M -1,368,839 -42.5%
60 APP 0.31% 162,525 $117M $718.54 -$14M -210,448 -56.4%
61 RYAN 0.29% 1,934,957 $109M $56.36 $13M +522,190 +37.0%
62 ITGR 0.28% 1,024,942 $106M $103.33 -$52M -259,023 -20.2%
63 SION 0.25% 3,195,181 $94M $29.41 $39M
64 PHVS 0.24% 3,653,310 $91M $24.95 $27M
65 ORIC 0.21% 6,572,700 $79M $12.00 $12M
66 LAB 0.20% 58,651,170 $76M $1.30 $6M
67 DNA 0.14% 3,577,128 $52M $14.58 $12M
68 ORKA 0.13% 2,666,690 $51M $19.23 +2,666,690 NEW
69 TEVA 0.13% 2,532,119 $51M $20.20 -$145M -9,149,214 -78.3%
70 TRVI 0.12% 5,128,875 $47M $9.15 $38M +3,585,875 +232.4%
71 CART 0.08% 832,857 $31M $36.76 -$139M -2,920,067 -77.8%
72 PEPG 0.04% 3,482,434 $16M $4.62 $14M +2,000,000 +134.9%
73 ESTA 0.04% 343,465 $14M $40.99 -$591K
74 CCL —% -$371M -13,207,267 -100.0% SOLD
75 USB —% -$1.1B -24,089,428 -100.0% SOLD
76 MTSR —% -$46M -1,616,612 -100.0% SOLD
77 RACE —% -$354M -721,269 -100.0% SOLD
78 CME —% -$165M -597,374 -100.0% SOLD
79 AIG —% -$155M -1,815,785 -100.0% SOLD
80 AJG —% -$232M -725,795 -100.0% SOLD
81 LEN —% -$279M -2,523,594 -100.0% SOLD
82 HQY —% -$23M -219,746 -100.0% SOLD
83 AMT —% -$618M -2,797,125 -100.0% SOLD
84 MOH —% -$80M -267,421 -100.0% SOLD
85 QCOM —% -$502M -3,152,866 -100.0% SOLD
86 NVDA —% -$582M -3,681,935 -100.0% SOLD
87 AMZN —% -$855M -3,897,092 -100.0% SOLD
88 RPRX —% -$94M -2,597,460 -100.0% SOLD
89 LLY —% -$325M -416,918 -100.0% SOLD
90 TTD —% -$193M -2,674,320 -100.0% SOLD
91 DHI —% -$364M -2,827,032 -100.0% SOLD
92 SQ —% -$368M -5,420,475 -100.0% SOLD

New Positions

SymbolValue% Port
MSFT $1.3B 3.31%
NFLX $600M 1.58%
DKNG $561M 1.48%
AON $504M 1.33%
CLS $424M 1.12%
MAA $370M 0.97%
KKR $352M 0.93%
EW $239M 0.63%
CHWY $222M 0.58%
DB $215M 0.56%
CBRE $191M 0.50%
INTU $180M 0.47%
DECK $175M 0.46%
ORKA $51M 0.13%

Sold Out Positions

SymbolValue% Port
CME —%
AIG —%
AJG —%
CCL —%
DHI —%
LEN —%
MOH —%
LLY —%
USB —%
AMT —%
RACE —%
AMZN —%
HQY —%
QCOM —%
NVDA —%
View SEC EDGAR Filings for VIKING GLOBAL INVESTORS LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms