Viking Global Investors Portfolio - Dec 31, 2025

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Viking Global Investors, Ole Andreas Halvorsen, has built a diversified portfolio of 73 publicly traded holdings with a total market value of $37.7B as of Dec 31, 2025. This comprehensive analysis examines the latest 13F filing data to understand the investment strategy and recent portfolio adjustments.

The portfolio demonstrates a diversified approach to stock selection, with the top holding representing 4.1% of the total portfolio value. The top 5 holdings account for 19.5% of the overall portfolio allocation.

Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.

Portfolio Statistics

73
Total Holdings
$37.7B
Portfolio Value
Dec 31, 2025
Latest Filing
4.1%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in MICROSOFT CORP (MSFT) represents 4.1% of the total portfolio, valued at $1.6B.

Rank Symbol Company Value Portfolio % Change
1 MSFT MICROSOFT CORP $1.6B 4.1% +32.4%
2 PNC PNC FINL SVCS GROUP INC $1.5B 4.0% -8.4%
3 TSM TAIWAN SEMICONDUCTOR MFG LTD $1.5B 4.0% +24.6%
4 V VISA INC $1.4B 3.7% +37.5%
5 SCHW SCHWAB CHARLES CORP $1.4B 3.7% -16.3%

For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.

Recent Portfolio Activity

Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook. The following table shows the top 10 most significant position changes from recent reporting periods (out of 180 total transactions), sorted by the magnitude of change.

For a complete history of all portfolio transactions and detailed activity analysis, visit our comprehensive activity page.

Symbol Company Quantity Change Date Action
STLA Stellantis +39,062,551 Dec 31, 2025 BUY
ITUB Itau Unibanco Banco Holding SA +28,396,545 Dec 31, 2025 BUY
741623102 Primo Brands -23,033,970 Dec 31, 2025 SELL
G76279101 Roivant Sciences -17,151,640 Dec 31, 2025 SELL
CCL Carnival Corporation +14,061,827 Dec 31, 2025 BUY
RIOT Riot Platforms, Inc. +12,428,894 Dec 31, 2025 BUY
NKE Nike, Inc. -8,996,579 Dec 31, 2025 SELL
CHWY Chewy, Inc. +8,052,955 Dec 31, 2025 BUY
BAC Bank of America Corporation -7,005,661 Dec 31, 2025 SELL
CMG Chipotle Mexican Grill, Inc. -6,636,563 Dec 31, 2025 SELL

Investment Strategy Insights

Viking Global Investors's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a diversified investment strategy, with significant positions in companies that align with the investor's long-term thesis.

The largest position in MICROSOFT CORP (MSFT) demonstrates strong conviction in this particular investment opportunity. Recent activity shows a increase of 32.4% in this position, indicating active portfolio management and strategic positioning.

Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 180 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

Complete Holdings

View all 73 holdings with detailed analysis

Trading Activity

Track all portfolio transactions and position changes

Performance Metrics

Analyze profit, winning trades, and investment returns

Sector Allocation

Analyze portfolio breakdown by sector and industry

Viking Global Investors's portfolio as of Dec 31, 2025 reflects a strategic approach to equity investing with 73 holdings valued at $37.7B. The concentrated position in MICROSOFT CORP and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.

For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.

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