Andreas Halvorsen

Viking Global Investors LP

as of Dec 31, 2025 · filed Feb 17, 2026 · 48-day reporting lag · historical report

Source filings

13F-HR 0001103804-26-000002

QuarterCompare any two quarters

Portfolio value$37.7B -2.1% vs. previous quarter

Positions7621 new · 23 sold

Top 519.5%largest MSFT at 4.1%

Largest moveJPMReduced · -2.5% weight shift

Concentration

How much of the portfolio the biggest positions add up to. Hover the curve, or focus it and use the arrow keys, to inspect each rank.

Longest held

One block per imported quarter, oldest at the left. A full row means held in all of them, not that the position began there.

7%held throughout

BBIO26

FTV26

ADPT26

V25

AMZN25

Top 3 moves

JPM−2.5%

GOOGL+2.2%

COF−2.2%

21 new positions and 23 sold; the largest portfolio-weight shift was JPM losing 2.5% of portfolio weight.

Holdings

Reported price is value divided by shares, the manager’s quarter-end mark rather than a traded price.

1–25 of 76, sorted by portfolio weight, high to low

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Reported holdings for Q4 2025

MSFTMICROSOFT CORPInformation Technology	4.1%+0.9%	Increased32.4%	3,217,642	$483.62	$1.56B
PNCPNC FINANCIAL SERVICES GROUPFinancials	4.0%-0.1%	Reduced8.4%	7,287,068	$208.73	$1.52B
TSMTAIWAN SEMICONDUCTOR-SP ADRInformation TechnologySupply chain (as of Q3 2026)	4.0%+1.1%	Increased24.6%	4,914,896	$303.89	$1.49B
VVISA INC-CLASS A SHARESFinancials	3.7%+1.1%	Increased37.5%	3,984,205	$350.71	$1.40B
SCHWSCHWAB (CHARLES) CORPFinancials	3.7%-0.4%	Reduced16.3%	13,872,905	$99.91	$1.39B
DISWALT DISNEY CO/THECommunication Services	3.4%+0.3%	Increased7.1%	11,193,504	$113.77	$1.27B
APDAIR PRODUCTS & CHEMICALS INCMaterials	3.1%+0.5%	Increased30.4%	4,782,534	$247.02	$1.18B
MCDMCDONALD'S CORPConsumer Discretionary	2.9%+0.3%	Increased7.2%	3,619,215	$305.63	$1.11B
BBIOBRIDGEBIO PHARMA INCHealth Care	2.9%+0.8%	Reduced9.9%	14,393,934	$76.49	$1.10B
FTVFORTIVE CORPIndustrials	2.8%+0.2%	Reduced6.1%	19,228,265	$55.21	$1.06B
SHWSHERWIN-WILLIAMS CO/THEConsumer Discretionary	2.7%+0.1%	Increased10.1%	3,172,308	$324.03	$1.03B
BABOEING CO/THEIndustrials	2.3%+0.6%	Increased31.3%	3,953,087	$217.12	$858.3M
GOOGLNEWALPHABET INC-CL ACommunication ServicesSupply chain (as of Q2 2026)	2.2%+2.2%	New	2,666,272	$313.00	$834.5M
AMDADVANCED MICRO DEVICESInformation Technology	2.1%+0.4%	Reduced10.5%	3,742,191	$214.16	$801.4M
ICENEWINTERCONTINENTAL EXCHANGE INFinancials	2.1%+2.1%	New	4,803,197	$161.96	$777.9M
TSLATESLA INCConsumer Discretionary	2.0%+0.2%	Increased5.6%	1,699,741	$449.72	$764.4M
TMUST-MOBILE US INCCommunication Services	2.0%	Increased15.1%	3,754,218	$203.04	$762.3M
AMZNNEWAMAZON.COM INCConsumer DiscretionarySupply chain (as of Q2 2026)	1.9%+1.9%	New	3,126,816	$230.82	$721.7M
COFCAPITAL ONE FINANCIAL CORPFinancials	1.9%-2.2%	Reduced60.0%	2,952,317	$242.36	$715.5M
Ticker unavailableJOHNSON CTLS INTL PLCUnclassified	1.9%-0.1%	Reduced12.9%	5,918,707	$119.75	$708.8M
DKNGDRAFTKINGS INC-CL AConsumer Discretionary	1.7%+0.3%	Increased27.4%	19,119,912	$34.46	$658.9M
JPMJPMORGAN CHASE & COFinancials	1.6%-2.5%	Reduced62.3%	1,905,982	$322.22	$614.1M
ROSTROSS STORES INCConsumer Discretionary	1.5%+0.7%	Increased56.5%	3,167,479	$180.14	$570.6M
GMGENERAL MOTORS COConsumer Discretionary	1.5%-0.6%	Reduced47.8%	6,806,095	$81.32	$553.5M
MAAMID-AMERICA APARTMENT COMMReal Estate	1.4%+0.5%	Increased46.7%	3,880,048	$138.91	$539.0M