Viking Global Andreas Halvorsen
Holdings as of the end of Q4 2025, reported in its 13F filing on Feb 17, 2026; changes vs Q3 2025. Source
Reported value
$37.7B
at quarter-end prices
Positions
76
top 10 are 35% of it
Bought · Q4 2025
32
21 new, 11 added 20%+
Sold · Q4 2025
40
23 sold out, 17 cut 20%+
Holdings 76
| # | Stock | Company | Shares | Value | Of portfolio | Shares vs Q3 2025 |
|---|---|---|---|---|---|---|
| 1 | MSFT | MICROSOFT CORP | 3,217,642 | $1.6B | 4.1% | +32% |
| 2 | PNC | PNC FINL SVCS GROUP INC | 7,287,068 | $1.5B | 4.0% | -8% |
| 3 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | 4,914,896 | $1.5B | 4.0% | +25% |
| 4 | V | VISA INC | 3,984,205 | $1.4B | 3.7% | +38% |
| 5 | SCHW | SCHWAB CHARLES CORP | 13,872,905 | $1.4B | 3.7% | -16% |
| 6 | DIS | DISNEY WALT CO | 11,193,504 | $1.3B | 3.4% | +7% |
| 7 | APD | AIR PRODS & CHEMS INC | 4,782,534 | $1.2B | 3.1% | +30% |
| 8 | MCD | MCDONALDS CORP | 3,619,215 | $1.1B | 2.9% | +7% |
| 9 | BBIO | BRIDGEBIO PHARMA INC | 14,393,934 | $1.1B | 2.9% | -10% |
| 10 | FTV | FORTIVE CORP | 19,228,265 | $1.1B | 2.8% | -6% |
| 11 | SHW | SHERWIN WILLIAMS CO | 3,172,308 | $1B | 2.7% | +10% |
| 12 | BA | BOEING CO | 3,953,087 | $858.3M | 2.3% | +31% |
| 13 | GOOGL | ALPHABET INC | 2,666,272 | $834.5M | 2.2% | new |
| 14 | AMD | ADVANCED MICRO DEVICES INC | 3,742,191 | $801.4M | 2.1% | -11% |
| 15 | ICE | INTERCONTINENTAL EXCHANGE IN | 4,803,197 | $777.9M | 2.1% | new |
| 16 | TSLA | TESLA INC | 1,699,741 | $764.4M | 2.0% | +6% |
| 17 | TMUS | T-MOBILE US INC | 3,754,218 | $762.3M | 2.0% | +15% |
| 18 | AMZN | AMAZON COM INC | 3,126,816 | $721.7M | 1.9% | new |
| 19 | COF | CAPITAL ONE FINL CORP | 2,952,317 | $715.5M | 1.9% | -60% |
| 20 | — | JOHNSON CTLS INTL PLC | 5,918,707 | $708.8M | 1.9% | -13% |
| 21 | DKNG | DRAFTKINGS INC NEW | 19,119,912 | $658.9M | 1.7% | +27% |
| 22 | JPM | JPMORGAN CHASE & CO. | 1,905,982 | $614.1M | 1.6% | -62% |
| 23 | ROST | ROSS STORES INC | 3,167,479 | $570.6M | 1.5% | +57% |
| 24 | GM | GENERAL MTRS CO | 6,806,095 | $553.5M | 1.5% | -48% |
| 25 | MAA | MID-AMER APT CMNTYS INC | 3,880,048 | $539M | 1.4% | +47% |
| 26 | CPT | CAMDEN PPTY TR | 4,764,495 | $524.5M | 1.4% | +24% |
| 27 | DKS | DICKS SPORTING GOODS INC | 2,572,969 | $509.4M | 1.4% | new |
| 28 | CLS | CELESTICA INC | 1,699,236 | $502.3M | 1.3% | -1% |
| 29 | CSX | CSX CORP | 13,817,539 | $500.9M | 1.3% | -13% |
| 30 | ADPT | ADAPTIVE BIOTECHNOLOGIES COR | 29,993,708 | $487.1M | 1.3% | — |
| 31 | SE | SEA LTD | 3,671,545 | $468.4M | 1.2% | +21% |
| 32 | HCA | HCA HEALTHCARE INC | 999,180 | $466.5M | 1.2% | -28% |
| 33 | TMO | THERMO FISHER SCIENTIFIC INC | 793,187 | $459.6M | 1.2% | new |
| 34 | RRX | REGAL REXNORD CORPORATION | 3,223,940 | $452.4M | 1.2% | +3% |
| 35 | CVNA | CARVANA CO | 1,061,533 | $448M | 1.2% | -49% |
| 36 | CHWY | CHEWY INC | 13,536,645 | $447.4M | 1.2% | +147% |
| 37 | APG | API GROUP CORP | 11,537,518 | $441.4M | 1.2% | -6% |
| 38 | STLA | STELLANTIS N.V | 39,062,551 | $434.3M | 1.2% | new |
| 39 | CCL | CARNIVAL CORP | 14,061,827 | $429.4M | 1.1% | new |
| 40 | UBS | UBS GROUP AG | 9,128,817 | $426M | 1.1% | -30% |
| 41 | UNH | UNITEDHEALTH GROUP INC | 1,197,273 | $395.2M | 1.0% | new |
| 42 | BMRN | BIOMARIN PHARMACEUTICAL INC | 6,036,936 | $358.8M | 0.95% | -27% |
| 43 | SAIA | SAIA INC | 1,088,582 | $355.4M | 0.94% | -21% |
| 44 | TIC | TIC SOLUTIONS INC | 34,360,000 | $347.4M | 0.92% | — |
| 45 | CB | CHUBB LIMITED | 1,013,839 | $316.4M | 0.84% | new |
| 46 | PGR | PROGRESSIVE CORP | 1,331,538 | $303.2M | 0.80% | new |
| 47 | LII | LENNOX INTL INC | 621,311 | $301.7M | 0.80% | new |
| 48 | TW | TRADEWEB MKTS INC | 2,768,659 | $297.7M | 0.79% | new |
| 49 | MDLN | MEDLINE INC | 6,959,157 | $292.3M | 0.78% | new |
| 50 | AON | AON PLC | 783,650 | $276.5M | 0.73% | -45% |
| 51 | AJG | GALLAGHER ARTHUR J & CO | 1,040,977 | $269.4M | 0.71% | new |
| 52 | BAC | BANK AMERICA CORP | 4,494,629 | $247.2M | 0.66% | -61% |
| 53 | BSX | BOSTON SCIENTIFIC CORP | 2,509,808 | $239.3M | 0.64% | -5% |
| 54 | DLR | DIGITAL RLTY TR INC | 1,507,988 | $233.3M | 0.62% | new |
| 55 | LOW | LOWES COS INC | 912,040 | $219.9M | 0.58% | new |
| 56 | FIG | FIGMA INC | 5,752,388 | $215M | 0.57% | new |
| 57 | ITUB | ITAU UNIBANCO HLDG S A | 28,396,545 | $203.3M | 0.54% | new |
| 58 | AS | AMER SPORTS INC | 4,814,290 | $179.8M | 0.48% | -24% |
| 59 | RAL | RALLIANT CORP | 3,162,630 | $161M | 0.43% | -38% |
| 60 | RIOT | RIOT PLATFORMS INC | 12,428,894 | $157.5M | 0.42% | new |
| 61 | — | NEWAMSTERDAM PHARMA COMPANY | 4,203,567 | $147.5M | 0.39% | -35% |
| 62 | ROIV | ROIVANT SCIENCES LTD | 6,443,191 | $139.8M | 0.37% | -73% |
| 63 | IQV | IQVIA HLDGS INC | 619,236 | $139.6M | 0.37% | new |
| 64 | SION | SIONNA THERAPEUTICS INC | 3,195,181 | $131.4M | 0.35% | — |
| 65 | INBX | INHIBRX BIOSCIENCES INC | 1,437,705 | $113.6M | 0.30% | -20% |
| 66 | PHVS | PHARVARIS N V | 3,653,310 | $101.4M | 0.27% | — |
| 67 | CSGP | COSTAR GROUP INC | 1,442,582 | $97M | 0.26% | -22% |
| 68 | WST | WEST PHARMACEUTICAL SVSC INC | 295,028 | $81.2M | 0.22% | new |
| 69 | ORKA | ORUKA THERAPEUTICS INC | 2,666,690 | $80.8M | 0.21% | — |
| 70 | LAB | STANDARD BIOTOOLS INC | 58,651,170 | $75.1M | 0.20% | — |
| 71 | — | MASIMO CORP | 514,340 | $66.9M | 0.18% | -52% |
| 72 | ORIC | ORIC PHARMACEUTICALS INC | 6,572,691 | $53.8M | 0.14% | — |
| 73 | TRVI | TREVI THERAPEUTICS INC | 3,198,644 | $40M | 0.11% | -38% |
| 74 | DNA | GINKGO BIOWORKS HOLDINGS INC | 3,577,128 | $29.7M | 0.08% | — |
| 75 | PEPG | PEPGEN INC | 3,482,434 | $22.7M | 0.06% | — |
| 76 | RLYB | RALLYBIO CORP | 4,194,777 | $2.9M | 0.01% | — |
Sold out in Q4 2025 23
| Stock | Company | Shares held in Q3 2025 | Value then | Of portfolio then |
|---|---|---|---|---|
| BLK | BLACKROCK INC | 619,492 | $722.2M | 1.9% |
| PM | PHILIP MORRIS INTL INC | 4,426,128 | $717.9M | 1.9% |
| META | META PLATFORMS INC | 929,003 | $682.2M | 1.8% |
| NKE | NIKE INC | 8,996,579 | $627.3M | 1.6% |
| NFLX | NETFLIX INC | 500,812 | $600.4M | 1.6% |
| COR | CENCORA INC | 1,778,135 | $555.7M | 1.4% |
| DHR | DANAHER CORPORATION | 2,751,245 | $545.5M | 1.4% |
| PRMB | PRIMO BRANDS CORPORATION | 23,033,970 | $509.1M | 1.3% |
| KKR | KKR & CO INC | 2,709,024 | $352M | 0.91% |
| CMG | CHIPOTLE MEXICAN GRILL INC | 6,636,563 | $260.1M | 0.68% |
| EW | EDWARDS LIFESCIENCES CORP | 3,069,151 | $238.7M | 0.62% |
| — | DEUTSCHE BANK AG | 6,102,855 | $214.6M | 0.56% |
| CBRE | CBRE GROUP INC | 1,210,004 | $190.6M | 0.50% |
| INTU | INTUIT | 264,136 | $180.4M | 0.47% |
| DECK | DECKERS OUTDOOR CORP | 1,726,926 | $175.1M | 0.45% |
| FSLR | FIRST SOLAR INC | 767,996 | $169.4M | 0.44% |
| APP | APPLOVIN CORP | 162,525 | $116.8M | 0.30% |
| RYAN | RYAN SPECIALTY HOLDINGS INC | 1,934,957 | $109.1M | 0.28% |
| ITGR | INTEGER HLDGS CORP | 1,024,942 | $105.9M | 0.28% |
| — | TEVA PHARMACEUTICAL INDS LTD | 2,532,119 | $51.1M | 0.13% |
| STUB | STUBHUB HLDGS INC | 2,040,816 | $34.4M | 0.09% |
| CART | MAPLEBEAR INC | 832,857 | $30.6M | 0.08% |
| — | ESTABLISHMENT LABS HLDGS INC | 343,465 | $14.1M | 0.04% |
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.