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VIKING GLOBAL INVESTORS

64 US-listed positions worth $27.3B, as reported on Form 13F-HR for the quarter ending 30 Jun 2026.

This report is 70 days old. It is what VIKING GLOBAL INVESTORS held on 30 Jun 2026, filed 14 Aug 2026 — 45 days after the quarter ended. A Form 13F is a quarterly snapshot, not a live portfolio: a manager reports the US-listed long positions it held on the last day of a quarter, and may file up to 45 days after that quarter ends. Positions can have changed since. Short positions, most non-US holdings and cash are not reported at all.

What changed since 31 Mar 2026

Comparing the 30 Jun 2026 report with the one before it. This is a reported quarterly holdings change: the position moved between two quarterly snapshots, which is not the same as a purchase or a sale on any particular day.

22 newly reported · 20 no longer reported · 15 increased · 21 decreased · 6 unchanged.

Newly reported

Company Value now Share change Shares now
MSCI MSCI $650M +1,160,687 1,160,687
UNP Union Pacific Corporation $557M +2,047,332 2,047,332
CVS CVS Health $379M +3,663,361 3,663,361
FDXF FedEx Freight $357M +2,366,634 2,366,634
MS Morgan Stanley $339M +1,622,593 1,622,593
QCOM Qualcomm $280M +1,514,185 1,514,185
SNOW Snowflake Inc. $244M +960,138 960,138
EQH Equitable Holdings $237M +5,398,896 5,398,896
TTWO Take-Two Interactive $235M +940,605 940,605
SPCX SpaceX $205M +1,200,000 1,200,000
USFD US Foods $177M +1,734,346 1,734,346
BTSG BRIGHTSPRING HEALTH SERVICES INC $113M +1,618,237 1,618,237
NTRA Natera $106M +390,694 390,694
CRBG Corebridge Financial, Inc. $77M +2,679,371 2,679,371
SEDG SOLAREDGE TECHNOLOGIES, INC. $64M +1,088,469 1,088,469
BRKR Bruker $54M +893,491 893,491
CME CME Group $34M +152,980 152,980
TW Tradeweb $31M +314,222 314,222
INFQ INFLEQTION INC $27M +2,032,649 2,032,649
ARTV ARTIVA BIOTHERAPEUTICS INC $25M +2,604,166 2,604,166

Showing the 20 largest of 22 by reported value.

No longer reported

Company Value last quarter Share change Shares now
AAPL Apple Inc. $912M -3,593,057
CSX CSX Corporation $767M -18,678,052
GOOGL Alphabet Inc. (Class A) $689M -2,395,865
PNC PNC Financial Services $630M -3,027,092
TMUS T-Mobile US $623M -2,967,374
HCA HCA Healthcare $509M -1,075,133
PGR Progressive Corporation $320M -1,616,559
AIG American International Group $318M -4,221,223
APG APi Group $237M -5,837,000
CBOE Cboe Global Markets $193M -688,417
AJG Arthur J. Gallagher & Co. $158M -727,441
LULU Lululemon Athletica $150M -980,568
CRWV CoreWeave $108M -1,397,438
WST West Pharmaceutical Services $105M -416,948
RAL Ralliant $89M -2,134,899
EW Edwards Lifesciences $88M -1,097,578
DMRA DAMORA THERAPEUTICS INC $60M -2,311,082
TWLO Twilio $57M -450,770
EQPT EquipmentShare.com Inc $20M -1,000,000
FPS Forgent Power Solutions, Inc. $19M -650,000

Increased

Company Value now Share change Shares now
V Visa Inc. $2.2B +65,419 6,393,604
APD Air Products $1.4B +636,256 4,740,351
SHW Sherwin-Williams $1.3B +763,112 3,875,879
META Meta Platforms $1.1B +805,044 1,867,619
TMO Thermo Fisher Scientific $971M +269,390 1,937,415
JPM JPMorgan Chase $949M +195,368 2,899,386
LII Lennox International $912M +18,540 1,590,959
AMZN Amazon $882M +2,505,434 3,700,862
CVNA Carvana $811M +9,542,276 12,322,311
BA Boeing $709M +78,784 3,274,825
FDX FedEx $674M +219,818 2,151,983
WAT Waters Corporation $623M +405,678 1,662,140
BMRN BioMarin Pharmaceutical $436M +554,486 7,616,563
IBKR Interactive Brokers $420M +3,436,419 4,830,748
HD Home Depot (The) $325M +416,338 920,595

Decreased

Company Value now Share change Shares now
FTV Fortive $1.2B -2,544,626 19,934,762
SCHW Charles Schwab Corporation $982M -4,026,085 10,638,869
MCD McDonald's $765M -795,871 2,829,158
BBIO BridgeBio Pharma, Inc. $741M -1,893,215 9,949,219
DIS Walt Disney Company (The) $689M -6,140,056 7,158,406
MSFT Microsoft $544M -850,828 1,458,618
RRX Regal Rexnord $501M -1,041,092 2,101,759
GM General Motors $386M -4,171,110 5,005,833
ICE Intercontinental Exchange $342M -2,059,758 2,777,138
RDDT Reddit $272M -986,099 1,565,518
HAS Hasbro $257M -631,707 3,107,195
DKS Dick's Sporting Goods $251M -158,036 1,106,134
TSLA Tesla, Inc. $230M -1,945,745 547,816
ATI ATI Inc. $227M -2,178,963 1,153,880
MANE VERADERMICS INC $192M -129,061 1,561,494
MDLN Medline Inc. $191M -6,592,912 4,841,080
ORKA ORUKA THERAPEUTICS INC $143M -1,163,212 1,503,478
INBX INHIBRX BIOSCIENCES INC $106M -313,776 1,123,929
COF Capital One $78M -1,224,559 387,815
ORIC ORIC PHARMACEUTICALS INC $56M -697,771 5,126,762

Showing the 20 largest of 21 by reported value.

Reported positions

CompanyReported value Share of portfolioShares
V Visa Inc. $2.2B 8.0% 6,393,604
APD Air Products $1.4B 5.1% 4,740,351
SHW Sherwin-Williams $1.3B 4.9% 3,875,879
FTV Fortive $1.2B 4.5% 19,934,762
META Meta Platforms $1.1B 3.9% 1,867,619
SCHW Charles Schwab Corporation $982M 3.6% 10,638,869
TMO Thermo Fisher Scientific $971M 3.6% 1,937,415
JPM JPMorgan Chase $949M 3.5% 2,899,386
LII Lennox International $912M 3.3% 1,590,959
AMZN Amazon $882M 3.2% 3,700,862
CVNA Carvana $811M 3.0% 12,322,311
MCD McDonald's $765M 2.8% 2,829,158
BBIO BridgeBio Pharma, Inc. $741M 2.7% 9,949,219
BA Boeing $709M 2.6% 3,274,825
DIS Walt Disney Company (The) $689M 2.5% 7,158,406
FDX FedEx $674M 2.5% 2,151,983
MSCI MSCI $650M 2.4% 1,160,687
ADPT ADAPTIVE BIOTECHNOLOGIES CORP $643M 2.4% 29,993,708
WAT Waters Corporation $623M 2.3% 1,662,140
UNP Union Pacific Corporation $557M 2.0% 2,047,332
MSFT Microsoft $544M 2.0% 1,458,618
RRX Regal Rexnord $501M 1.8% 2,101,759
BMRN BioMarin Pharmaceutical $436M 1.6% 7,616,563
IBKR Interactive Brokers $420M 1.5% 4,830,748
GM General Motors $386M 1.4% 5,005,833
CVS CVS Health $379M 1.4% 3,663,361
FDXF FedEx Freight $357M 1.3% 2,366,634
ICE Intercontinental Exchange $342M 1.3% 2,777,138
MS Morgan Stanley $339M 1.2% 1,622,593
HD Home Depot (The) $325M 1.2% 920,595
TIC TIC SOLUTIONS INC $290M 1.1% 35,824,562
QCOM Qualcomm $280M 1.0% 1,514,185
RDDT Reddit $272M 1.0% 1,565,518
HAS Hasbro $257M 0.9% 3,107,195
DKS Dick's Sporting Goods $251M 0.9% 1,106,134
SNOW Snowflake Inc. $244M 0.9% 960,138
EQH Equitable Holdings $237M 0.9% 5,398,896
TTWO Take-Two Interactive $235M 0.9% 940,605
TSLA Tesla, Inc. $230M 0.8% 547,816
ATI ATI Inc. $227M 0.8% 1,153,880
SPCX SpaceX $205M 0.8% 1,200,000
MANE VERADERMICS INC $192M 0.7% 1,561,494
MDLN Medline Inc. $191M 0.7% 4,841,080
USFD US Foods $177M 0.7% 1,734,346
ORKA ORUKA THERAPEUTICS INC $143M 0.5% 1,503,478
SION SIONNA THERAPEUTICS INC $141M 0.5% 3,195,181
BTSG BRIGHTSPRING HEALTH SERVICES INC $113M 0.4% 1,618,237
INBX INHIBRX BIOSCIENCES INC $106M 0.4% 1,123,929
NTRA Natera $106M 0.4% 390,694
COF Capital One $78M 0.3% 387,815

Showing the 50 largest of 64 reported positions, by reported value.

Source: SEC EDGAR Form 13F-HR. Positions are grouped by the CUSIP the manager filed and shown with the company we resolve it to.

Informational only — NOT financial advice. Holdings are self-reported on SEC Form 13F-HR and are a delayed quarterly snapshot, not a record of trades. A change between two reports is a change in a reported position, not a same-day purchase or sale, and it is not a recommendation to do the same.