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Asset Manager ← All Institutions

VIKING FUND MANAGEMENT LLC

1 MAIN STREET NORTH, MINOT, ND 58701 • 701-852-5292

Q4 2025 · Filed 2026-01-12
Market Value
$861M
+4.4%
Holdings
145
-7
New Purchases
7
Added To
30
Closed
10
Reduced
25
Top 10 Concentration
25.5%
Turnover
11.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVO 1.48% 0.00% +1.48% $13M
BBY 1.20% 0.05% +1.16% $10M
AFG 1.60% 0.72% +0.88% $14M
TPL 0.63% 0.23% +0.40% $5M
MMC 0.37% 0.00% +0.37% $3M
MUSA 0.28% 0.00% +0.28% $2M
WMB 0.28% 0.00% +0.28% $2M
CME 1.64% 1.38% +0.26% $14M
BMY 2.01% 1.75% +0.26% $17M
LNG 1.02% 0.77% +0.25% $9M
ENB 1.31% 1.07% +0.24% $11M
MRK 1.22% 1.02% +0.20% $11M
LB 0.45% 0.26% +0.20% $4M
HPE 1.37% 1.19% +0.18% $12M
TRGP 0.66% 0.51% +0.16% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
XOM 1.12% 1.71% -0.59% $10M
NEE 3.03% 3.61% -0.59% $26M
APD 0.32% 0.86% -0.54% $3M
XEL 1.63% 2.15% -0.52% $14M
DELL 0.63% 0.98% -0.35% $5M
PBA 0.00% 0.34% -0.34% $0
LRCX 0.79% 1.14% -0.34% $7M
NVDA 1.19% 1.47% -0.28% $10M
C 1.33% 1.60% -0.27% $11M
ETR 2.25% 2.48% -0.23% $19M
ABBV 1.94% 2.16% -0.22% $17M
AVGO 3.58% 3.80% -0.22% $31M
CTRA 0.00% 0.20% -0.20% $0
KMB 0.95% 1.15% -0.20% $8M
KVUE 1.00% 1.19% -0.19% $9M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Energy 27.0%
Technology 15.8%
Financial Services 13.1%
Consumer Defensive 10.7%
Utilities 10.0%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 34 $298M 34.5%
Large Cap 92 $520M 60.4%
Mid Cap 14 $42M 4.8%
Small Cap 5 $2M 0.3%

Portfolio Analytics

Avg Market Cap
$236.5B
Median Market Cap
$72.6B
Avg P/E
35.0
Median P/E
23.5
Avg Dividend Yield
0.03%
Avg Beta
0.86
# Stocks
145
# ETFs / Funds
0

Top Holdings (145 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AVGO 3.58% 89,000 $31M $346.10 -$539K -6,000 -6.3%
2 TRP 3.46% 542,000 $30M $55.01 $325K
3 NEE 3.03% 325,000 $26M $80.28 -$4M -70,000 -17.7%
4 CVX 2.68% 151,500 $23M $152.41 -$436K
5 GLW 2.34% 230,000 $20M $87.56 $1M
6 PEP 2.32% 139,000 $20M $143.52 $2M +8,000 +6.1%
7 ETR 2.25% 210,000 $19M $92.43 -$1M -10,000 -4.5%
8 BMY 2.01% 321,000 $17M $53.94 $3M
9 ABBV 1.94% 73,000 $17M $228.49 -$1M -4,000 -5.2%
10 MS 1.85% 90,000 $16M $177.53 -$236K -12,000 -11.8%
11 VZ 1.64% 347,000 $14M $40.73 $2M +61,000 +21.3%
12 CME 1.64% 51,600 $14M $273.08 $3M +9,600 +22.9%
13 XEL 1.63% 190,000 $14M $73.86 -$4M -30,000 -13.6%
14 PRU 1.62% 124,000 $14M $112.88 $1M
15 AFG 1.60% 101,000 $14M $136.68 $8M +60,000 +146.3%
16 QCOM 1.49% 75,000 $13M $171.05 $352K
17 NVO 1.48% 250,000 $13M $50.88 +250,000 NEW
18 T 1.43% 495,000 $12M $24.84 $294K +70,000 +16.5%
19 HPE 1.37% 490,000 $12M $24.02 $2M +90,000 +22.5%
20 MO 1.35% 202,000 $12M $57.66 -$45K +25,000 +14.1%
21 JPM 1.35% 36,000 $12M $322.22 -$702K -3,000 -7.7%
22 C 1.33% 98,000 $11M $116.69 -$2M -32,000 -24.6%
23 ENB 1.31% 236,000 $11M $47.83 $2M +61,500 +35.2%
24 PSX 1.30% 87,000 $11M $129.04 -$607K
25 BTI 1.25% 190,000 $11M $56.62 $779K +2,000 +1.1%
26 MRK 1.22% 100,000 $11M $105.26 $2M
27 BBY 1.20% 155,000 $10M $66.93 $10M +150,000 +3000.0%
28 NVDA 1.19% 55,000 $10M $186.50 -$2M -10,000 -15.4%
29 MKC 1.19% 150,000 $10M $68.11 $180K
30 BAC 1.15% 180,000 $10M $55.00 $614K
31 PR 1.13% 691,000 $10M $14.03 $210K -50,000 -6.8%
32 HD 1.12% 28,000 $10M $344.10 -$900K +2,000 +7.7%
33 XOM 1.12% 80,000 $10M $120.34 -$4M -45,000 -36.0%
34 ORI 1.06% 200,000 $9M $45.64 $1M +20,000 +11.1%
35 LLY 1.04% 8,300 $9M $1,074.68 $527K -2,700 -24.6%
36 LNG 1.02% 45,000 $9M $194.39 $2M +18,000 +66.7%
37 KVUE 1.00% 500,000 $9M $17.25 -$1M -105,000 -17.4%
38 TGT 1.00% 88,000 $9M $97.75 $708K
39 KO 0.97% 120,000 $8M $69.91 $431K
40 PFE 0.97% 335,500 $8M $24.90 -$156K +1,500 +0.5%
41 KMB 0.95% 81,000 $8M $100.89 -$1M +5,000 +6.6%
42 KLAC 0.85% 6,000 $7M $1,215.08 $819K
43 LMT 0.84% 15,000 $7M $483.67 -$233K
44 EVRG 0.84% 100,000 $7M $72.49 -$353K
45 IBM 0.83% 24,000 $7M $296.21 $337K
46 LRCX 0.79% 40,000 $7M $171.18 -$3M -30,000 -42.9%
47 GPC 0.79% 55,000 $7M $122.96 -$860K
48 BKR 0.76% 144,000 $7M $45.54 -$458K
49 MCD 0.71% 20,000 $6M $305.63 $35K
50 KGS 0.68% 157,000 $6M $37.40 $1M +30,000 +23.6%
51 UPS 0.68% 59,000 $6M $99.19 $966K +500 +0.8%
52 ALL 0.68% 28,000 $6M $208.15 $462K +3,000 +12.0%
53 AROC 0.66% 220,000 $6M $26.02 $726K +30,000 +15.8%
54 TRGP 0.66% 31,000 $6M $184.50 $2M +6,000 +24.0%
55 AAPL 0.66% 21,000 $6M $271.86 $362K
56 PM 0.65% 35,000 $6M $160.40 -$63K
57 TXN 0.64% 32,000 $6M $173.49 -$328K
58 TPL 0.63% 18,900 $5M $287.22 $4M +16,900 +845.0%
59 UNM 0.63% 70,000 $5M $77.50 -$20K
60 DELL 0.63% 43,000 $5M $125.88 -$3M -14,000 -24.6%
61 PAYX 0.63% 48,000 $5M $112.18 -$66K +5,000 +11.6%
62 ACN 0.62% 20,000 $5M $268.30 $434K
63 BLK 0.62% 5,000 $5M $1,070.34 -$478K
64 V 0.61% 15,000 $5M $350.71 $140K
65 PEG 0.61% 65,000 $5M $80.30 -$205K
66 NRG 0.59% 32,000 $5M $159.24 -$573K -3,000 -8.6%
67 GPOR 0.58% 24,000 $5M $207.99 $648K
68 SR 0.58% 60,000 $5M $82.70 $71K
69 VLO 0.55% 29,000 $5M $162.79 -$217K
70 SBUX 0.51% 52,000 $4M $84.21 $995K +12,000 +30.0%
71 TT 0.50% 11,000 $4M $389.20 -$360K
72 VRT 0.49% 26,000 $4M $162.01 -$766K -7,000 -21.2%
73 ITW 0.49% 17,000 $4M $246.30 -$246K
74 FSLR 0.49% 16,000 $4M $261.23 -$231K -4,000 -20.0%
75 NET 0.48% 21,000 $4M $197.15 -$366K
76 AR 0.48% 120,000 $4M $34.46 -$731K -25,000 -17.2%
77 VST 0.47% 25,000 $4M $161.33 -$81K +4,000 +19.1%
78 PG 0.47% 28,000 $4M $143.31 $1M +10,000 +55.6%
79 MA 0.46% 7,000 $4M $570.88 $14K
80 LB 0.45% 80,000 $4M $48.99 $2M +40,000 +100.0%
81 EQT 0.44% 70,000 $4M $53.60 -$58K
82 AMD 0.42% 17,000 $4M $214.16 $890K
83 DOCN 0.42% 75,000 $4M $48.12 $1M
84 INTU 0.38% 5,000 $3M $662.42 -$102K
85 EXE 0.38% 30,000 $3M $110.36 $124K
86 MMC 0.37% 17,000 $3M $185.52 +17,000 NEW
87 SLB 0.36% 80,000 $3M $38.38 $321K
88 MSFT 0.34% 6,000 $3M $483.62 -$206K
89 TMO 0.34% 5,000 $3M $579.45 $472K
90 WM 0.33% 13,000 $3M $219.71 -$15K
91 APD 0.32% 11,000 $3M $247.02 -$4M -15,000 -57.7%
92 CYBR 0.31% 6,000 $3M $446.06 -$223K
93 EXC 0.30% 60,000 $3M $43.59 -$85K
94 SPGI 0.30% 5,000 $3M $522.59 $179K
95 FANG 0.30% 17,000 $3M $150.33 $123K
96 COP 0.29% 27,000 $3M $93.61 -$26K
97 EE 0.29% 90,000 $3M $28.05 $257K
98 MUSA 0.28% 6,000 $2M $403.52 +6,000 NEW
99 LOW 0.28% 10,000 $2M $241.16 -$102K
100 WMB 0.28% 40,000 $2M $60.11 +40,000 NEW

New Positions

SymbolValue% Port
NVO $13M 1.48%
MMC $3M 0.37%
MUSA $2M 0.28%
WMB $2M 0.28%
BE $1M 0.12%
DEC $217K 0.03%
KHC $146K 0.02%

Sold Out Positions

SymbolValue% Port
AES —%
BCE —%
TDG —%
PWR —%
WHR —%
PBA —%
MOD —%
PTEN —%
WEN —%
CTRA —%
View SEC EDGAR Filings for VIKING FUND MANAGEMENT LLC →

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