whalepapers
Overview/ Viking Global Investors LP/ Q3 2025

Viking Global Investors LP

Andreas Halvorsen · As of Q3 2025 · filed Nov 14, 2025

Q3 2025

Holdings

78 positions · Δ vs prior quarter
PNC PNC FINANCIAL SERVICES GROUP
$1.60B
4.2%
7,956,766 +5,581,102 +234.9% Added
JPM JPMORGAN CHASE & CO
$1.60B
4.1%
5,059,060 +1,017,026 +25.2% Added
SCHW SCHWAB (CHARLES) CORP
$1.58B
4.1%
16,583,101 +809,876 +5.1% Added
COF CAPITAL ONE FINANCIAL CORP
$1.57B
4.1%
7,388,506 +1,717,148 +30.3% Added
MSFT MICROSOFT CORP
$1.26B
3.3%
2,429,412 +2,429,412 New
DIS WALT DISNEY CO
$1.20B
3.1%
10,449,711 +4,601,645 +78.7% Added
TSM TAIWAN SEMICONDUCTOR-SP ADR
$1.10B
2.9%
3,944,366 −384,929 −8.9% Reduced
MCD MCDONALD'S CORP
$1.03B
2.7%
3,374,875 +249,443 +8.0% Added
FTV FORTIVE CORP
$1.00B
2.6%
20,483,680 +4,571,056 +28.7% Added
APD AIR PRODUCTS & CHEMICALS INC
$1.00B
2.6%
3,667,119 +1,512,965 +70.2% Added
SHW SHERWIN-WILLIAMS CO
$997.6M
2.6%
2,881,091 +923,341 +47.2% Added
V VISA INC-CLASS A SHARES
$989.0M
2.6%
2,897,030 +1,276,308 +78.7% Added
BBIO BRIDGEBIO PHARMA INC
$829.9M
2.2%
15,977,849 −2,577,526 −13.9% Reduced
GM GENERAL MOTORS CO
$794.3M
2.1%
13,027,139 +8,265 +0.1% Added
CVNA CARVANA CO
$792.7M
2.1%
2,101,241 +1,023,265 +94.9% Added
TMUS T-MOBILE US INC
$781.0M
2.0%
3,262,466 +417,150 +14.7% Added
JCI JOHNSON CONTROLS INTERNATION
$747.3M
1.9%
6,796,942 +5,346,130 +368.5% Added
BLK BLACKROCK INC
$722.2M
1.9%
619,492 +424,388 +217.5% Added
PM PHILIP MORRIS INTERNATIONAL
$717.9M
1.9%
4,426,128 +971,942 +28.1% Added
TSLA TESLA INC
$715.9M
1.9%
1,609,828 +509,497 +46.3% Added
META META PLATFORMS INC-CLASS A
$682.2M
1.8%
929,003 +663,504 +249.9% Added
AMD ADVANCED MICRO DEVICES
$676.5M
1.8%
4,181,269 +2,270,698 +118.8% Added
BA BOEING CO
$649.8M
1.7%
3,010,551 +175,486 +6.2% Added
NKE NIKE INC -CL B
$627.3M
1.6%
8,996,579 +2,029,381 +29.1% Added
NFLX NETFLIX INC
$600.4M
1.6%
500,812 +500,812 New
BAC BANK OF AMERICA CORP
$593.3M
1.5%
11,500,290 −19,746,682 −63.2% Reduced
HCA HCA HEALTHCARE INC
$588.4M
1.5%
1,380,583 −491,550 −26.3% Reduced
CSX CSX CORP
$566.3M
1.5%
15,947,719 −2,924,163 −15.5% Reduced
DKNG DRAFTKINGS INC-CL A
$561.1M
1.5%
15,003,351 +15,003,351 New
COR CENCORA INC
$555.7M
1.4%
1,778,135 −303,597 −14.6% Reduced
DHR DANAHER CORP
$545.5M
1.4%
2,751,245 −156,270 −5.4% Reduced
SE SEA LTD-ADR
$543.2M
1.4%
3,039,203 −497,784 −14.1% Reduced
UBS UBS GROUP AG-REG
$534.9M
1.4%
13,096,560 +10,516,148 +407.5% Added
PRMB PRIMO BRANDS CORP
$509.1M
1.3%
23,033,970 +3,431,854 +17.5% Added
AON AON PLC-CLASS A
$504.4M
1.3%
1,414,618 +1,414,618 New
TIC TIC SOLUTIONS INC
$457.3M
1.2%
34,360,000 Held
BMRN BIOMARIN PHARMACEUTICAL INC
$450.7M
1.2%
8,322,179 −3,966,432 −32.3% Reduced
ADPT ADAPTIVE BIOTECHNOLOGIES
$448.7M
1.2%
29,993,708 Held
RRX REGAL REXNORD CORP
$448.0M
1.2%
3,123,262 −306,866 −8.9% Reduced
CLS CELESTICA INC
$424.5M
1.1%
1,722,780 +1,722,780 New
APG API GROUP CORP
$423.0M
1.1%
12,306,277 +768,759 +6.7% Added
SAIA SAIA INC
$414.3M
1.1%
1,383,888 +556,229 +67.2% Added
CPT CAMDEN PROPERTY TRUST
$410.8M
1.1%
3,846,740 +1,130,718 +41.6% Added
MAA MID-AMERICA APARTMENT COMM
$369.6M
1.0%
2,645,082 +2,645,082 New
ROIV ROIVANT SCIENCES LTD
$357.0M
0.9%
23,594,831 −10,642,948 −31.1% Reduced
KKR KKR & CO INC
$352.0M
0.9%
2,709,024 +2,709,024 New
ROST ROSS STORES INC
$308.4M
0.8%
2,023,868 −2,723,771 −57.4% Reduced
CMG CHIPOTLE MEXICAN GRILL INC
$260.1M
0.7%
6,636,563 +948,080 +16.7% Added
BSX BOSTON SCIENTIFIC CORP
$257.9M
0.7%
2,641,682 −404,082 −13.3% Reduced
EW EDWARDS LIFESCIENCES CORP
$238.7M
0.6%
3,069,151 +3,069,151 New
RAL RALLIANT CORP
$222.3M
0.6%
5,082,472 −221,723 −4.2% Reduced
CHWY CHEWY INC - CLASS A
$221.8M
0.6%
5,483,690 +5,483,690 New
AS AMER SPORTS INC
$220.4M
0.6%
6,343,481 +2,462,832 +63.5% Added
DB DEUTSCHE BANK AG-REGISTERED
$214.6M
0.6%
6,102,855 +6,102,855 New
CBRE CBRE GROUP INC - A
$190.6M
0.5%
1,210,004 +1,210,004 New
NAMS NEWAMSTERDAM PHARMA CO NV
$184.2M
0.5%
6,475,534 −503,000 −7.2% Reduced
INTU INTUIT INC
$180.4M
0.5%
264,136 +264,136 New
DECK DECKERS OUTDOOR CORP
$175.1M
0.5%
1,726,926 +1,726,926 New
FSLR FIRST SOLAR INC
$169.4M
0.4%
767,996 −1,498,054 −66.1% Reduced
MASI* MASIMO CORP
$158.4M
0.4%
1,073,433 +306,007 +39.9% Added
CSGP COSTAR GROUP INC
$156.1M
0.4%
1,849,729 −1,368,839 −42.5% Reduced
APP APPLOVIN CORP-CLASS A
$116.8M
0.3%
162,525 −210,448 −56.4% Reduced
RYAN RYAN SPECIALTY HOLDINGS INC
$109.1M
0.3%
1,934,957 +522,190 +37.0% Added
ITGR INTEGER HOLDINGS CORP
$105.9M
0.3%
1,024,942 −259,023 −20.2% Reduced
SION SIONNA THERAPEUTICS INC
$94.0M
0.2%
3,195,181 Held
PHVS PHARVARIS NV
$91.2M
0.2%
3,653,310 Held
ORIC ORIC PHARMACEUTICALS INC
$78.9M
0.2%
6,572,700 Held
LAB STANDARD BIOTOOLS INC
$76.2M
0.2%
58,651,170 Held
INBX INHIBRX BIOSCIENCES INC
$60.2M
0.2%
1,787,705 Held
DNA GINKGO BIOWORKS HOLDINGS INC
$52.2M
0.1%
3,577,128 Held
ORKA ORUKA THERAPEUTICS INC
$51.3M
0.1%
2,666,690 +2,666,690 New
TEVA TEVA PHARMACEUTICAL-SP ADR
$51.1M
0.1%
2,532,119 −9,149,214 −78.3% Reduced
TRVI TREVI THERAPEUTICS INC
$46.9M
0.1%
5,128,875 +3,585,875 +232.4% Added
STUB STUBHUB HOLDINGS INC-CLASS A
$34.4M
0.1%
2,040,816 +2,040,816 New
CART MAPLEBEAR INC
$30.6M
0.1%
832,857 −2,920,067 −77.8% Reduced
PEPG PEPGEN INC
$16.1M
0.0%
3,482,434 +2,000,000 +134.9% Added
ESTA ESTABLISHMENT LABS HOLDINGS
$14.1M
0.0%
343,465 Held
RALLYBIO CORP
$2.1M
0.0%
4,194,777 Held

Sold positions

20 closed in Q3 2025 · shares & value as of prior filing
Holding Shares sold Prior value
USB US BANCORP
24,089,428 $1.09B
AMZN AMAZON.COM INC
3,897,092 $855.0M
FLUT FLUTTER ENTERTAINMENT PLC-DI
2,284,905 $652.9M
AMT AMERICAN TOWER CORP
2,797,125 $618.2M
NVDA NVIDIA CORP
3,681,935 $581.7M
QCOM QUALCOMM INC
3,152,866 $502.1M
CCL1EUR CARNIVAL CORP LTD
13,207,267 $371.4M
XYZ BLOCK INC
5,420,475 $368.2M
DHI DR HORTON INC
2,827,032 $364.5M
RACE FERRARI NV
721,269 $353.5M
LLY ELI LILLY & CO
416,918 $325.0M
LEN LENNAR CORP-A
2,523,594 $279.1M
AJG ARTHUR J GALLAGHER & CO
725,795 $232.3M
TTD TRADE DESK INC -CLASS A
2,674,320 $192.5M
CME CME GROUP INC
597,374 $164.6M
AIG AMERICAN INTERNATIONAL GROUP
1,815,785 $155.4M
RPRX ROYALTY PHARMA PLC- CL A
2,597,460 $93.6M
MOH MOLINA HEALTHCARE INC
267,421 $79.7M
METSERA INC
1,616,612 $46.0M
HQY HEALTHEQUITY INC
219,746 $23.0M

Holdings reflect long positions disclosed in 13F filings only and exclude short positions, cash, and other non-13F assets. Holdings data sourced from SEC EDGAR. Not investment advice. Full disclaimer.