Viking Fund Management Q2 2026: Strategic Energy & Tech Buys, Selective Healthcare Sells

As of June 30th, 2026, Viking Fund Management Llc's disclosed portfolio value stood at approximately $1.09 billion. This quarter highlighted a clear investment thesis focused on specific sectors and individual companies, with notable purchases offsetting some reductions elsewhere.

Prominent Purchases in Energy & Technology

The fund demonstrated strong interest in the Energy sector during Q2 2026. Williams Companies (WMB) saw its position increase significantly by acquiring an additional 114,000 shares, representing a substantial 47.5% jump from the prior period and boosting its portfolio allocation to 2.36%. Similarly, in the same sector, TC Energy Corp (TRP) was added with a large purchase of 80,000 shares, increasing its stake by 15.09% to reach $29.8 million in value and now accounting for 2.67% of the total portfolio.

In Technology, Broadcom Inc (AVGO) was a significant addition with an increase of just over half a million shares (+0.46%). This move pushed its allocation slightly higher to 3.7%. Additionally, the fund made notable purchases in other sectors:

• GPC (Genuine Parts Co) gained a substantial position with an increase of over 60,000 shares.
• KMB (Kimberly-Clark Corp) saw its stake grow significantly by acquiring more than 100,000 additional shares.
• MKC (McCormick-N/V) experienced a large increase of over 135,000 shares in its position.
• T (AT&T Inc), classified under Communication Services, was added with a substantial purchase of nearly half a million new shares.
• HPE (HeWlett Packard Co) gained over 50,000 additional shares in its position during the quarter.

Strategic Reductions and Sector Shifts

Concurrently with these purchases, Viking Fund Management also reduced certain holdings. In Healthcare, CORNING INC (GLW)'s position was significantly trimmed by selling 55,000 shares (-29.73%), reducing its allocation to $33 million or 2.97% of the portfolio.

Elsewhere in Technology, HEWLETT PACKA (HPE)'s shares also decreased by nearly half a million (-9.09%), though its allocation remains healthy at 2.02%. The fund also sold some of its stake in TC Energy Corp (TRP), reducing the position by 15,000 shares (-15.09%) and lowering its allocation slightly.

Furthermore, the fund divested entirely from TEEKAY CORP LTD (G8726T105), which was a newly acquired position in this quarter, accounting for just 0.21% of the portfolio before its exit.

Overall Portfolio Dynamics

The fund's activities resulted in an overall increase in holdings count during Q2, from prior periods. The Energy sector remains heavily weighted at 21.2%, Technology follows closely with a combined allocation exceeding 20% (including both sectors mentioned), while Financial Services and Consumer Defensive also feature prominently.

These transactions suggest Viking Fund Management is actively managing its portfolio, favoring established players in key growth sectors like Energy and Technology alongside consumer staples and healthcare stocks. The simultaneous buying and selling activities indicate a dynamic investment strategy focused on maximizing returns based on market movements and valuation opportunities during the period ending June 30th, 2026.