Viking Global Andreas Halvorsen
Holdings as of the end of Q3 2025, reported in its 13F filing on Nov 14, 2025; changes vs Q2 2025. Source
Reported value
$38.5B
at quarter-end prices
Positions
78
top 10 are 34% of it
Bought · Q3 2025
39
15 new, 24 added 20%+
Sold · Q3 2025
31
20 sold out, 11 cut 20%+
Holdings 78
| # | Stock | Company | Shares | Value | Of portfolio | Shares vs Q2 2025 |
|---|---|---|---|---|---|---|
| 1 | PNC | PNC FINL SVCS GROUP INC | 7,956,766 | $1.6B | 4.2% | +235% |
| 2 | JPM | JPMORGAN CHASE & CO. | 5,059,060 | $1.6B | 4.1% | +25% |
| 3 | SCHW | SCHWAB CHARLES CORP | 16,583,101 | $1.6B | 4.1% | +5% |
| 4 | COF | CAPITAL ONE FINL CORP | 7,388,506 | $1.6B | 4.1% | +30% |
| 5 | MSFT | MICROSOFT CORP | 2,429,412 | $1.3B | 3.3% | new |
| 6 | DIS | DISNEY WALT CO | 10,449,711 | $1.2B | 3.1% | +79% |
| 7 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | 3,944,366 | $1.1B | 2.9% | -9% |
| 8 | MCD | MCDONALDS CORP | 3,374,875 | $1B | 2.7% | +8% |
| 9 | FTV | FORTIVE CORP | 20,483,680 | $1B | 2.6% | +29% |
| 10 | APD | AIR PRODS & CHEMS INC | 3,667,119 | $1B | 2.6% | +70% |
| 11 | SHW | SHERWIN WILLIAMS CO | 2,881,091 | $997.6M | 2.6% | +47% |
| 12 | V | VISA INC | 2,897,030 | $989M | 2.6% | +79% |
| 13 | BBIO | BRIDGEBIO PHARMA INC | 15,977,849 | $829.9M | 2.2% | -14% |
| 14 | GM | GENERAL MTRS CO | 13,027,139 | $794.3M | 2.1% | — |
| 15 | CVNA | CARVANA CO | 2,101,241 | $792.7M | 2.1% | +95% |
| 16 | TMUS | T-MOBILE US INC | 3,262,466 | $781M | 2.0% | +15% |
| 17 | — | JOHNSON CTLS INTL PLC | 6,796,942 | $747.3M | 1.9% | +368% |
| 18 | BLK | BLACKROCK INC | 619,492 | $722.2M | 1.9% | +218% |
| 19 | PM | PHILIP MORRIS INTL INC | 4,426,128 | $717.9M | 1.9% | +28% |
| 20 | TSLA | TESLA INC | 1,609,828 | $715.9M | 1.9% | +46% |
| 21 | META | META PLATFORMS INC | 929,003 | $682.2M | 1.8% | +250% |
| 22 | AMD | ADVANCED MICRO DEVICES INC | 4,181,269 | $676.5M | 1.8% | +119% |
| 23 | BA | BOEING CO | 3,010,551 | $649.8M | 1.7% | +6% |
| 24 | NKE | NIKE INC | 8,996,579 | $627.3M | 1.6% | +29% |
| 25 | NFLX | NETFLIX INC | 500,812 | $600.4M | 1.6% | new |
| 26 | BAC | BANK AMERICA CORP | 11,500,290 | $593.3M | 1.5% | -63% |
| 27 | HCA | HCA HEALTHCARE INC | 1,380,583 | $588.4M | 1.5% | -26% |
| 28 | CSX | CSX CORP | 15,947,719 | $566.3M | 1.5% | -15% |
| 29 | DKNG | DRAFTKINGS INC NEW | 15,003,351 | $561.1M | 1.5% | new |
| 30 | COR | CENCORA INC | 1,778,135 | $555.7M | 1.4% | -15% |
| 31 | DHR | DANAHER CORPORATION | 2,751,245 | $545.5M | 1.4% | -5% |
| 32 | SE | SEA LTD | 3,039,203 | $543.2M | 1.4% | -14% |
| 33 | UBS | UBS GROUP AG | 13,096,560 | $534.9M | 1.4% | +408% |
| 34 | PRMB | PRIMO BRANDS CORPORATION | 23,033,970 | $509.1M | 1.3% | +18% |
| 35 | AON | AON PLC | 1,414,618 | $504.4M | 1.3% | new |
| 36 | TIC | ACUREN CORP | 34,360,000 | $457.3M | 1.2% | — |
| 37 | BMRN | BIOMARIN PHARMACEUTICAL INC | 8,322,179 | $450.7M | 1.2% | -32% |
| 38 | ADPT | ADAPTIVE BIOTECHNOLOGIES COR | 29,993,708 | $448.7M | 1.2% | — |
| 39 | RRX | REGAL REXNORD CORPORATION | 3,123,262 | $448M | 1.2% | -9% |
| 40 | CLS | CELESTICA INC | 1,722,780 | $424.5M | 1.1% | new |
| 41 | APG | API GROUP CORP | 12,306,277 | $423M | 1.1% | +7% |
| 42 | SAIA | SAIA INC | 1,383,888 | $414.3M | 1.1% | +67% |
| 43 | CPT | CAMDEN PPTY TR | 3,846,740 | $410.8M | 1.1% | +42% |
| 44 | MAA | MID-AMER APT CMNTYS INC | 2,645,082 | $369.6M | 0.96% | new |
| 45 | ROIV | ROIVANT SCIENCES LTD | 23,594,831 | $357M | 0.93% | -31% |
| 46 | KKR | KKR & CO INC | 2,709,024 | $352M | 0.91% | new |
| 47 | ROST | ROSS STORES INC | 2,023,868 | $308.4M | 0.80% | -57% |
| 48 | CMG | CHIPOTLE MEXICAN GRILL INC | 6,636,563 | $260.1M | 0.68% | +17% |
| 49 | BSX | BOSTON SCIENTIFIC CORP | 2,641,682 | $257.9M | 0.67% | -13% |
| 50 | EW | EDWARDS LIFESCIENCES CORP | 3,069,151 | $238.7M | 0.62% | new |
| 51 | RAL | RALLIANT CORP | 5,082,472 | $222.3M | 0.58% | -4% |
| 52 | CHWY | CHEWY INC | 5,483,690 | $221.8M | 0.58% | new |
| 53 | AS | AMER SPORTS INC | 6,343,481 | $220.4M | 0.57% | +63% |
| 54 | — | DEUTSCHE BANK AG | 6,102,855 | $214.6M | 0.56% | new |
| 55 | CBRE | CBRE GROUP INC | 1,210,004 | $190.6M | 0.50% | new |
| 56 | — | NEWAMSTERDAM PHARMA COMPANY | 6,475,534 | $184.2M | 0.48% | -7% |
| 57 | INTU | INTUIT | 264,136 | $180.4M | 0.47% | new |
| 58 | DECK | DECKERS OUTDOOR CORP | 1,726,926 | $175.1M | 0.45% | new |
| 59 | FSLR | FIRST SOLAR INC | 767,996 | $169.4M | 0.44% | -66% |
| 60 | — | MASIMO CORP | 1,073,433 | $158.4M | 0.41% | +40% |
| 61 | CSGP | COSTAR GROUP INC | 1,849,729 | $156.1M | 0.41% | -43% |
| 62 | APP | APPLOVIN CORP | 162,525 | $116.8M | 0.30% | -56% |
| 63 | RYAN | RYAN SPECIALTY HOLDINGS INC | 1,934,957 | $109.1M | 0.28% | +37% |
| 64 | ITGR | INTEGER HLDGS CORP | 1,024,942 | $105.9M | 0.28% | -20% |
| 65 | SION | SIONNA THERAPEUTICS INC | 3,195,181 | $94M | 0.24% | — |
| 66 | PHVS | PHARVARIS N V | 3,653,310 | $91.2M | 0.24% | — |
| 67 | ORIC | ORIC PHARMACEUTICALS INC | 6,572,700 | $78.9M | 0.20% | — |
| 68 | LAB | STANDARD BIOTOOLS INC | 58,651,170 | $76.2M | 0.20% | — |
| 69 | INBX | INHIBRX BIOSCIENCES INC | 1,787,705 | $60.2M | 0.16% | — |
| 70 | DNA | GINKGO BIOWORKS HOLDINGS INC | 3,577,128 | $52.2M | 0.14% | — |
| 71 | ORKA | ORUKA THERAPEUTICS INC | 2,666,690 | $51.3M | 0.13% | new |
| 72 | — | TEVA PHARMACEUTICAL INDS LTD | 2,532,119 | $51.1M | 0.13% | -78% |
| 73 | TRVI | TREVI THERAPEUTICS INC | 5,128,875 | $46.9M | 0.12% | +232% |
| 74 | STUB | STUBHUB HLDGS INC | 2,040,816 | $34.4M | 0.09% | new |
| 75 | CART | MAPLEBEAR INC | 832,857 | $30.6M | 0.08% | -78% |
| 76 | PEPG | PEPGEN INC | 3,482,434 | $16.1M | 0.04% | +135% |
| 77 | — | ESTABLISHMENT LABS HLDGS INC | 343,465 | $14.1M | 0.04% | — |
| 78 | RLYB | RALLYBIO CORP | 4,194,777 | $2.1M | 0.01% | — |
Sold out in Q3 2025 20
| Stock | Company | Shares held in Q2 2025 | Value then | Of portfolio then |
|---|---|---|---|---|
| USB | US BANCORP DEL | 24,089,428 | $1.1B | 3.2% |
| AMZN | AMAZON COM INC | 3,897,092 | $855M | 2.5% |
| — | FLUTTER ENTMT PLC | 2,284,905 | $652.9M | 1.9% |
| AMT | AMERICAN TOWER CORP NEW | 2,797,125 | $618.2M | 1.8% |
| NVDA | NVIDIA CORPORATION | 3,681,935 | $581.7M | 1.7% |
| QCOM | QUALCOMM INC | 3,152,866 | $502.1M | 1.5% |
| CCL | CARNIVAL CORP | 13,207,267 | $371.4M | 1.1% |
| XYZ | BLOCK INC | 5,420,475 | $368.2M | 1.1% |
| DHI | D R HORTON INC | 2,827,032 | $364.5M | 1.1% |
| RACE | FERRARI NV | 721,269 | $353.5M | 1.0% |
| LLY | ELI LILLY & CO | 416,918 | $325M | 0.94% |
| LEN | LENNAR CORP | 2,523,594 | $279.1M | 0.81% |
| AJG | GALLAGHER ARTHUR J & CO | 725,795 | $232.3M | 0.67% |
| TTD | THE TRADE DESK INC | 2,674,320 | $192.5M | 0.56% |
| CME | CME GROUP INC | 597,374 | $164.6M | 0.48% |
| AIG | AMERICAN INTL GROUP INC | 1,815,785 | $155.4M | 0.45% |
| RPRX | ROYALTY PHARMA PLC | 2,597,460 | $93.6M | 0.27% |
| MOH | MOLINA HEALTHCARE INC | 267,421 | $79.7M | 0.23% |
| — | METSERA INC | 1,616,612 | $46M | 0.13% |
| HQY | HEALTHEQUITY INC | 219,746 | $23M | 0.07% |
13F filings list US-listed long positions (stocks and ADRs) at the quarter's end: no shorts, cash, bonds or foreign shares; options and principal amounts are left out here. Trades made after the quarter ended don't show until the next filing. Changes compare share counts with the quarter before (splits can show as adds). Not investment advice.