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VIKING GLOBAL INVESTORS LP

Q4 2025 · Filed 2026-02-17
Market Value
$37.2B
-2.0%
Holdings
94
+2
New Purchases
21
Added To
17
Closed
22
Reduced
26
Top 10 Concentration
35.1%
Turnover
45.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 2.24% 0.00% +2.24% $835M
ICE 2.09% 0.00% +2.09% $778M
AMZN 1.94% 0.00% +1.94% $722M
DKS 1.37% 0.00% +1.37% $509M
TMO 1.23% 0.00% +1.23% $460M
STLA 1.17% 0.00% +1.17% $434M
CCL 1.15% 0.00% +1.15% $429M
V 3.75% 2.60% +1.15% $1.4B
TSM 4.01% 2.90% +1.11% $1.5B
UNH 1.06% 0.00% +1.06% $395M
MSFT 4.18% 3.31% +0.87% $1.6B
CB 0.85% 0.00% +0.85% $316M
PGR 0.81% 0.00% +0.81% $303M
LII 0.81% 0.00% +0.81% $302M
TW 0.80% 0.00% +0.80% $298M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
JPM 1.65% 4.20% -2.55% $614M
COF 1.92% 4.13% -2.21% $716M
BLK 0.00% 1.90% -1.90% $0
PM 0.00% 1.89% -1.89% $0
META 0.00% 1.80% -1.80% $0
NKE 0.00% 1.65% -1.65% $0
NFLX 0.00% 1.58% -1.58% $0
ABC 0.00% 1.46% -1.46% $0
DHR 0.00% 1.44% -1.44% $0
PRMB 0.00% 1.34% -1.34% $0
KKR 0.00% 0.93% -0.93% $0
BAC 0.66% 1.56% -0.90% $247M
CVNA 1.20% 2.09% -0.88% $448M
CMG 0.00% 0.68% -0.68% $0
EW 0.00% 0.63% -0.63% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 15 $10.7B 28.7%
Large Cap 60 $24.3B 65.4%
Mid Cap 12 $1.4B 3.9%
Small Cap 6 $739M 2.0%
Micro Cap 1 $23M 0.1%

Portfolio Analytics

Avg Market Cap
$253.9B
Median Market Cap
$51.0B
Avg P/E
38.6
Median P/E
28.3
Avg Dividend Yield
0.01%
Avg Beta
1.11
# Stocks
94
# ETFs / Funds
0

Top Holdings (94 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 4.18% 3,217,642 $1.6B $483.62 $298M +788,230 +32.5%
2 PNC 4.09% 7,287,068 $1.5B $208.73 -$78M -669,698 -8.4%
3 TSM 4.01% 4,914,896 $1.5B $303.89 $392M +970,530 +24.6%
4 V 3.75% 3,984,205 $1.4B $350.71 $408M +1,087,175 +37.5%
5 SCHW 3.72% 13,872,905 $1.4B $99.91 -$197M -2,710,196 -16.3%
6 DIS 3.42% 11,193,504 $1.3B $113.77 $77M +743,793 +7.1%
7 APD 3.17% 4,782,534 $1.2B $247.02 $181M +1,115,415 +30.4%
8 MCD 2.97% 3,619,215 $1.1B $305.63 $81M +244,340 +7.2%
9 BBIO 2.96% 14,393,934 $1.1B $76.49 $271M -1,583,915 -9.9%
10 FTV 2.85% 19,228,265 $1.1B $55.21 $58M -1,255,415 -6.1%
11 SHW 2.76% 3,172,308 $1.0B $324.03 $30M +291,217 +10.1%
12 BA 2.31% 3,953,087 $858M $217.12 $209M +942,536 +31.3%
13 GOOGL 2.24% 2,666,272 $835M $313.00 +2,666,272 NEW
14 AMD 2.15% 3,742,191 $801M $214.16 $125M -439,078 -10.5%
15 ICE 2.09% 4,803,197 $778M $161.96 +4,803,197 NEW
16 TSLA 2.05% 1,699,741 $764M $449.72 $48M +89,913 +5.6%
17 TMUS 2.05% 3,754,218 $762M $203.04 -$19M +491,752 +15.1%
18 AMZN 1.94% 3,126,816 $722M $230.82 +3,126,816 NEW
19 COF 1.92% 2,952,317 $716M $242.36 -$855M -4,436,189 -60.0%
20 JCI 1.90% 5,918,707 $709M $119.75 -$39M -878,235 -12.9%
21 DKNG 1.77% 19,119,912 $659M $34.46 $98M +4,116,561 +27.4%
22 JPM 1.65% 1,905,982 $614M $322.22 -$982M -3,153,078 -62.3%
23 ROST 1.53% 3,167,479 $571M $180.14 $262M +1,143,611 +56.5%
24 GM 1.49% 6,806,095 $553M $81.32 -$241M -6,221,044 -47.8%
25 MAA 1.45% 3,880,048 $539M $138.91 $169M +1,234,966 +46.7%
26 CPT 1.41% 4,764,495 $524M $110.08 $114M +917,755 +23.9%
27 DKS 1.37% 2,572,969 $509M $197.97 +2,572,969 NEW
28 CLS 1.35% 1,699,236 $502M $295.61 $78M -23,544 -1.4%
29 CSX 1.35% 13,817,539 $501M $36.25 -$65M -2,130,180 -13.4%
30 ADPT 1.31% 29,993,708 $487M $16.24 $38M
31 SE 1.26% 3,671,545 $468M $127.57 -$75M +632,342 +20.8%
32 HCA 1.25% 999,180 $466M $466.86 -$122M -381,403 -27.6%
33 TMO 1.23% 793,187 $460M $579.45 +793,187 NEW
34 RRX 1.21% 3,223,940 $452M $140.32 $4M +100,678 +3.2%
35 CVNA 1.20% 1,061,533 $448M $422.02 -$345M -1,039,708 -49.5%
36 CHWY 1.20% 13,536,645 $447M $33.05 $226M +8,052,955 +146.8%
37 APG 1.19% 11,537,518 $441M $38.26 $18M -768,759 -6.2%
38 STLA 1.17% 39,062,551 $434M $11.12 +39,062,551 NEW
39 CCL 1.15% 14,061,827 $429M $30.54 +14,061,827 NEW
40 UBS 1.14% 9,128,817 $426M $46.66 -$109M -3,967,743 -30.3%
41 UNH 1.06% 1,197,273 $395M $330.11 +1,197,273 NEW
42 BMRN 0.96% 6,036,936 $359M $59.43 -$92M -2,285,243 -27.5%
43 SAIA 0.95% 1,088,582 $355M $326.52 -$59M -295,306 -21.3%
44 TIC 0.93% 34,360,000 $347M $10.11 -$110M
45 CB 0.85% 1,013,839 $316M $312.12 +1,013,839 NEW
46 PGR 0.81% 1,331,538 $303M $227.72 +1,331,538 NEW
47 LII 0.81% 621,311 $302M $485.58 +621,311 NEW
48 TW 0.80% 2,768,659 $298M $107.54 +2,768,659 NEW
49 MDLN 0.78% 6,959,157 $292M $42.00 +6,959,157 NEW
50 AON 0.74% 783,650 $277M $352.88 -$228M -630,968 -44.6%
51 AJG 0.72% 1,040,977 $269M $258.79 +1,040,977 NEW
52 BAC 0.66% 4,494,629 $247M $55.00 -$346M -7,005,661 -60.9%
53 BSX 0.64% 2,509,808 $239M $95.35 -$19M -131,874 -5.0%
54 DLR 0.63% 1,507,988 $233M $154.71 +1,507,988 NEW
55 LOW 0.59% 912,040 $220M $241.16 +912,040 NEW
56 FIG 0.58% 5,752,388 $215M $37.37 +5,752,388 NEW
57 ITUB 0.55% 28,396,545 $203M $7.16 +28,396,545 NEW
58 RAL 0.43% 3,162,630 $161M $50.91 -$61M -1,919,842 -37.8%
59 RIOT 0.42% 12,428,894 $157M $12.67 +12,428,894 NEW
60 ROIV 0.38% 6,443,191 $140M $21.70 -$217M -17,151,640 -72.7%
61 IQV 0.37% 619,236 $140M $225.41 +619,236 NEW
62 SION 0.35% 3,195,181 $131M $41.14 $37M
63 PHVS 0.27% 3,653,310 $101M $27.75 $10M
64 CSGP 0.26% 1,442,582 $97M $67.24 -$59M -407,147 -22.0%
65 WST 0.22% 295,028 $81M $275.14 +295,028 NEW
66 ORKA 0.22% 2,666,690 $81M $30.31 $30M
67 LAB 0.20% 58,651,170 $75M $1.28 -$1M
68 MASI 0.18% 514,340 $67M $130.06 -$91M -559,093 -52.1%
69 ORIC 0.14% 6,572,691 $54M $8.18 -$25M -9
70 TRVI 0.11% 3,198,644 $40M $12.52 -$7M -1,930,231 -37.6%
71 DNA 0.08% 3,577,128 $30M $8.31 -$22M
72 PEPG 0.06% 3,482,434 $23M $6.51 $7M
73 DHR —% -$545M -2,751,245 -100.0% SOLD
74 ESTA —% -$14M -343,465 -100.0% SOLD
75 PM —% -$718M -4,426,128 -100.0% SOLD
76 CMG —% -$260M -6,636,563 -100.0% SOLD
77 INTU —% -$180M -264,136 -100.0% SOLD
78 DB —% -$215M -6,102,855 -100.0% SOLD
79 ABC —% -$556M -1,778,135 -100.0% SOLD
80 CBRE —% -$191M -1,210,004 -100.0% SOLD
81 RYAN —% -$109M -1,934,957 -100.0% SOLD
82 META —% -$682M -929,003 -100.0% SOLD
83 NKE —% -$627M -8,996,579 -100.0% SOLD
84 TEVA —% -$51M -2,532,119 -100.0% SOLD
85 DECK —% -$175M -1,726,926 -100.0% SOLD
86 CART —% -$31M -832,857 -100.0% SOLD
87 ITGR —% -$106M -1,024,942 -100.0% SOLD
88 FSLR —% -$169M -767,996 -100.0% SOLD
89 PRMB —% -$509M -23,033,970 -100.0% SOLD
90 NFLX —% -$600M -500,812 -100.0% SOLD
91 APP —% -$117M -162,525 -100.0% SOLD
92 KKR —% -$352M -2,709,024 -100.0% SOLD
93 EW —% -$239M -3,069,151 -100.0% SOLD
94 BLK —% -$722M -619,492 -100.0% SOLD

New Positions

SymbolValue% Port
GOOGL $835M 2.24%
ICE $778M 2.09%
AMZN $722M 1.94%
DKS $509M 1.37%
TMO $460M 1.23%
STLA $434M 1.17%
CCL $429M 1.15%
UNH $395M 1.06%
CB $316M 0.85%
PGR $303M 0.81%
LII $302M 0.81%
TW $298M 0.80%
MDLN $292M 0.78%
AJG $269M 0.72%
DLR $233M 0.63%

Sold Out Positions

SymbolValue% Port
DECK —%
RYAN —%
CMG —%
TEVA —%
DHR —%
PRMB —%
ITGR —%
DB —%
BLK —%
NKE —%
CBRE —%
PM —%
EW —%
KKR —%
CART —%
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