Viking Global Investors 13F, Q1 2025
Andreas Halvorsen · quarter ending 31 March 2025 · filed 15 May 2025 · SEC CIK 1103804
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2025
The 25 largest of 91 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| US BANCORP DEL | USB | $1.47B | 4.7% | +43% shares |
| SCHWAB CHARLES CORP | SCHW | $1.39B | 4.4% | +21% shares |
| BANK AMERICA CORP | BAC | $1.34B | 4.3% | +30% shares |
| UNITEDHEALTH GROUP INC | UNH | $1.12B | 3.6% | +13% shares |
| INTUIT | INTU | $1.05B | 3.3% | unchanged |
| FORTIVE CORP | FTV | $947.69M | 3.0% | unchanged |
| META PLATFORMS INC | META | $845.12M | 2.7% | new |
| CAPITAL ONE FINL CORP | COF | $823.18M | 2.6% | new |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $811.62M | 2.6% | +20% shares |
| API GROUP CORP | APG | $770.18M | 2.5% | unchanged |
| BIOMARIN PHARMACEUTICAL INC | BMRN | $763.46M | 2.4% | +3% shares |
| BRIDGEBIO PHARMA INC | BBIO | $762.45M | 2.4% | -12% shares |
| VISA INC | V | $744.76M | 2.4% | -39% shares |
| NVIDIA CORPORATION | NVDA | $709.14M | 2.3% | +222% shares |
| NETFLIX INC | NFLX | $698.87M | 2.2% | +49% shares |
| CHUBB LIMITED | $588.60M | 1.9% | new | |
| FLUTTER ENTMT PLC | $565.88M | 1.8% | +37% shares | |
| ROSS STORES INC | ROST | $552.21M | 1.8% | +153% shares |
| INTERCONTINENTAL EXCHANGE IN | ICE | $552.07M | 1.8% | +16% shares |
| BOEING CO | BA | $551.09M | 1.8% | +9% shares |
| SEA LTD | SE | $542.85M | 1.7% | new |
| CARVANA CO | CVNA | $533.96M | 1.7% | +192% shares |
| JPMORGAN CHASE & CO. | JPM | $532.71M | 1.7% | -71% shares |
| AMAZON COM INC | AMZN | $517.83M | 1.6% | +4% shares |
| PHILIP MORRIS INTL INC | PM | $510.07M | 1.6% | -37% shares |
What changed since Q4 2024
Against the Q4 2024 filing, Viking Global Investors opened 27 new positions, added to 26, trimmed 26, left 12 unchanged and exited 22. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- META$845.12M
- COF$823.18M
- CHUBB LIMITED$588.60M
- SE$542.85M
- TIC$382.08M
- MCD$359.36M
- DEUTSCHE BANK AG$356.41M
- NKE$352.10M
and 19 more
Exited
- CMCSAwas $743.81M
- GOOGLwas $693.10M
- ADBEwas $549.04M
- SBUXwas $487.65M
- CRMwas $405.03M
- AON PLCwas $258.73M
- AALwas $236.00M
- COOwas $186.19M
and 14 more
Other quarters
Source: SEC Form 13F-HR, accession 0001103804-25-000004, filed by VIKING GLOBAL INVESTORS LP. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.