Viking Global Investors 13F, Q2 2025
Andreas Halvorsen · quarter ending 30 June 2025 · filed 14 August 2025 · SEC CIK 1103804
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2025
The 25 largest of 83 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| BANK AMERICA CORP | BAC | $1.48B | 4.3% | -3% shares |
| SCHWAB CHARLES CORP | SCHW | $1.44B | 4.2% | -11% shares |
| CAPITAL ONE FINL CORP | COF | $1.21B | 3.5% | +24% shares |
| JPMORGAN CHASE & CO. | JPM | $1.17B | 3.4% | +86% shares |
| US BANCORP DEL | USB | $1.09B | 3.1% | -31% shares |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $980.54M | 2.8% | -12% shares |
| MCDONALDS CORP | MCD | $913.16M | 2.6% | +172% shares |
| AMAZON COM INC | AMZN | $854.98M | 2.5% | +43% shares |
| FORTIVE CORP | FTV | $829.53M | 2.4% | +23% shares |
| BRIDGEBIO PHARMA INC | BBIO | $801.22M | 2.3% | -16% shares |
| DISNEY WALT CO | DIS | $725.22M | 2.1% | new |
| HCA HEALTHCARE INC | HCA | $717.21M | 2.1% | +59% shares |
| T-MOBILE US INC | TMUS | $677.92M | 2.0% | +82% shares |
| BIOMARIN PHARMACEUTICAL INC | BMRN | $675.50M | 1.9% | +14% shares |
| SHERWIN WILLIAMS CO | SHW | $672.21M | 1.9% | +101% shares |
| FLUTTER ENTMT PLC | $652.93M | 1.9% | -11% shares | |
| GENERAL MTRS CO | GM | $640.66M | 1.9% | +81% shares |
| PHILIP MORRIS INTL INC | PM | $629.11M | 1.8% | +8% shares |
| CENCORA INC | COR | $624.21M | 1.8% | +95% shares |
| AMERICAN TOWER CORP NEW | AMT | $618.22M | 1.8% | +234% shares |
| CSX CORP | CSX | $615.79M | 1.8% | +11% shares |
| AIR PRODS & CHEMS INC | APD | $607.60M | 1.8% | new |
| ROSS STORES INC | ROST | $605.70M | 1.8% | +10% shares |
| BOEING CO | BA | $594.03M | 1.7% | -12% shares |
| API GROUP CORP | APG | $588.99M | 1.7% | -46% shares |
What changed since Q1 2025
Against the Q1 2025 filing, Viking Global Investors opened 20 new positions, added to 34, trimmed 18, left 11 unchanged and exited 28. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
and 12 more
Exited
- UNHwas $1.12B
- INTUwas $1.05B
- NFLXwas $698.87M
- CHUBB LIMITEDwas $588.60M
- ICEwas $552.07M
- DEUTSCHE BANK AGwas $356.41M
- ALLwas $352.72M
- DASHwas $339.59M
and 20 more
Other quarters
Source: SEC Form 13F-HR, accession 0001103804-25-000007, 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.