Hedge Fund · CIK 0001103804

Andreas Halvorsen

Viking Global

Large Fund

Andreas Halvorsen runs Viking Global, a hedge fund overseeing $37.68B in disclosed equity holdings (SEC CIK 0001103804). The latest portfolio (2025Q4) discloses 76 positions across 8 sectors, with the largest positions in MSFT, PNC and TSM. On a mark-to-market basis the tracked portfolio has returned 26.6% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.

Track Andreas's filings View holdings

Portfolio

$37.68B

Positions

Quarter

2025Q4

Filings tracked

1Y+26.6%3Y+116.4%5Y+49.8%Full performance →

Quarter

2025Q4 2025Q3 2025Q2 2025Q1 2024Q4 2024Q3 2024Q2 2024Q1 2023Q4 2023Q3 2023Q2 2023Q1

Holdings

Sorted by value · 2025Q4

Sector76 positions

MSFTMICROSOFT CORP

Technology·Software - Infrastructure

4.13%

of portfolio

Number of shares

3,217,642 sh

Holdings current value

$1.56B

Avg closing price

$470.91

-10.2%

Last action

Added 32.4%

2025Q4

Current $422.79

PNCPNC FINL SVCS GROUP INC

Financial Services·Banks - Regional

4.04%

of portfolio

Number of shares

7,287,068 sh

Holdings current value

$1.52B

Avg closing price

$196.60

+11.9%

Last action

Trimmed 8.4%

2025Q4

Current $220.07

TSMTAIWAN SEMICONDUCTOR MFG LTDADR

Technology·Semiconductors

3.96%

of portfolio

Number of shares

4,914,896 sh

Holdings current value

$1.49B

Avg closing price

$136.22

+166.7%

Last action

Added 24.6%

2025Q4

Current $363.35

VVISA INC

Financial Services·Credit Services

3.71%

of portfolio

Number of shares

3,984,205 sh

Holdings current value

$1.40B

Avg closing price

$265.54

+18.7%

Last action

Added 37.5%

2025Q4

Current $315.10

SCHWSCHWAB CHARLES CORP

Financial Services·Capital Markets

3.68%

of portfolio

Number of shares

13,872,905 sh

Holdings current value

$1.39B

Avg closing price

$71.46

+29.6%

Last action

Trimmed 16.3%

2025Q4

Current $92.62

DISDISNEY WALT CO

Communication Services·Entertainment

3.38%

of portfolio

Number of shares

11,193,504 sh

Holdings current value

$1.27B

Avg closing price

$122.72

Last action

Added 7.1%

2025Q4

Current —

APDAIR PRODS & CHEMS INC

Basic Materials·Specialty Chemicals

3.14%

of portfolio

Number of shares

4,782,534 sh

Holdings current value

$1.18B

Avg closing price

$261.17

+13.8%

Last action

Added 30.4%

2025Q4

Current $297.24

MCDMCDONALDS CORP

Consumer Cyclical·Restaurants

2.94%

of portfolio

Number of shares

3,619,215 sh

Holdings current value

$1.11B

Avg closing price

$280.32

+9.5%

Last action

Added 7.2%

2025Q4

Current $306.96

BBIOBRIDGEBIO PHARMA INC

Healthcare·Biotechnology

2.92%

of portfolio

Number of shares

14,393,934 sh

Holdings current value

$1.10B

Avg closing price

$26.97

+187.4%

Last action

Trimmed 9.9%

2025Q4

Current $77.51

FTVFORTIVE CORP

Technology·Scientific & Technical Instruments

2.82%

of portfolio

Number of shares

19,228,265 sh

Holdings current value

$1.06B

Avg closing price

$64.19

Last action

Trimmed 6.1%

2025Q4

Current —

SHWSHERWIN WILLIAMS CO

Basic Materials·Specialty Chemicals

2.73%

of portfolio

Number of shares

3,172,308 sh

Holdings current value

$1.03B

Avg closing price

$344.76

-3.3%

Last action

Added 10.1%

2025Q4

Current $333.34

BABOEING CO

Industrials·Aerospace & Defense

2.28%

of portfolio

Number of shares

3,953,087 sh

Holdings current value

$858.29M

Avg closing price

$190.32

+15.0%

Last action

Added 31.3%

2025Q4

Current $218.88

GOOGLALPHABET INC

Communication Services·Internet Content & Information

2.21%

of portfolio

Number of shares

2,666,272 sh

Holdings current value

$834.54M

Avg closing price

$180.23

+86.4%

Last action

New holding

2025Q4

Current $336.02

AMDADVANCED MICRO DEVICES INC

Technology·Semiconductors

2.13%

of portfolio

Number of shares

3,742,191 sh

Holdings current value

$801.43M

Avg closing price

$143.20

+94.3%

Last action

Trimmed 10.5%

2025Q4

Current $278.26

ICEINTERCONTINENTAL EXCHANGE IN

Financial Services·Financial Data & Stock Exchanges

2.06%

of portfolio

Number of shares

4,803,197 sh

Holdings current value

$777.93M

Avg closing price

$137.67

+18.9%

Last action

New holding

2025Q4

Current $163.75

TSLATESLA INC

Consumer Cyclical·Auto Manufacturers

2.03%

of portfolio

Number of shares

1,699,741 sh

Holdings current value

$764.41M

Avg closing price

$389.37

-0.1%

Last action

Added 5.6%

2025Q4

Current $388.90

TMUST-MOBILE US INC

Communication Services·Telecom Services

2.02%

of portfolio

Number of shares

3,754,218 sh

Holdings current value

$762.26M

Avg closing price

$226.01

-12.8%

Last action

Added 15.1%

2025Q4

Current $197.12

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

1.92%

of portfolio

Number of shares

3,126,816 sh

Holdings current value

$721.73M

Avg closing price

$186.98

+33.5%

Last action

New holding

2025Q4

Current $249.70

COFCAPITAL ONE FINL CORP

Financial Services·Credit Services

1.90%

of portfolio

Number of shares

2,952,317 sh

Holdings current value

$715.52M

Avg closing price

$191.93

+4.6%

Last action

Trimmed 60.0%

2025Q4

Current $200.71

G51502105JOHNSON CTLS INTL PLC

1.88%

of portfolio

Number of shares

5,918,707 sh

Holdings current value

$708.77M

Avg closing price

$100.30

Last action

Trimmed 12.9%

2025Q4

Current —

DKNGDRAFTKINGS INC NEW

Consumer Cyclical·Gambling

1.75%

of portfolio

Number of shares

19,119,912 sh

Holdings current value

$658.87M

Avg closing price

$36.77

-35.4%

Last action

Added 27.4%

2025Q4

Current $23.74

JPMJPMORGAN CHASE & CO

Financial Services·Banks - Diversified

1.63%

of portfolio

Number of shares

1,905,982 sh

Holdings current value

$614.15M

Avg closing price

$265.11

Last action

Trimmed 62.3%

2025Q4

Current —

ROSTROSS STORES INC

Consumer Cyclical·Apparel Retail

1.51%

of portfolio

Number of shares

3,167,479 sh

Holdings current value

$570.59M

Avg closing price

$152.07

Last action

Added 56.5%

2025Q4

Current —

GMGENERAL MTRS CO

Consumer Cyclical·Auto Manufacturers

1.47%

of portfolio

Number of shares

6,806,095 sh

Holdings current value

$553.47M

Avg closing price

$49.25

+58.5%

Last action

Trimmed 47.8%

2025Q4

Current $78.05

MAAMID-AMER APT CMNTYS INCREIT

Real Estate·REIT - Residential

1.43%

of portfolio

Number of shares

3,880,048 sh

Holdings current value

$538.98M

Avg closing price

$147.51

Last action

Added 46.7%

2025Q4

Current —

CPTCAMDEN PPTY TRREIT

Real Estate·REIT - Residential

1.39%

of portfolio

Number of shares

4,764,495 sh

Holdings current value

$524.48M

Avg closing price

$107.52

Last action

Added 23.9%

2025Q4

Current —

DKSDICKS SPORTING GOODS INC

Consumer Cyclical·Specialty Retail

1.35%

of portfolio

Number of shares

2,572,969 sh

Holdings current value

$509.37M

Avg closing price

$197.97

+10.0%

Last action

New holding

2025Q4

Current $217.86

CLSCELESTICA INC

Technology·Electronic Components

1.33%

of portfolio

Number of shares

1,699,236 sh

Holdings current value

$502.31M

Avg closing price

$246.38

+55.2%

Last action

Trimmed 1.4%

2025Q4

Current $382.32

CSXCSX CORP

Industrials·Railroads

1.33%

of portfolio

Number of shares

13,817,539 sh

Holdings current value

$500.89M

Avg closing price

$32.66

+30.8%

Last action

Trimmed 13.4%

2025Q4

Current $42.72

ADPTADAPTIVE BIOTECHNOLOGIES COR

Healthcare·Biotechnology

1.29%

of portfolio

Number of shares

29,993,708 sh

Holdings current value

$487.10M

Avg closing price

$48.30

-70.8%

Last action

Trimmed 10.4%

2020Q4

Current $14.08

SESEA LTDADR

Consumer Cyclical·Internet Retail

1.24%

of portfolio

Number of shares

3,671,545 sh

Holdings current value

$468.38M

Avg closing price

$80.70

+12.0%

Last action

Added 20.8%

2025Q4

Current $90.40

HCAHCA HEALTHCARE INC

Healthcare·Medical Care Facilities

1.24%

of portfolio

Number of shares

999,180 sh

Holdings current value

$466.48M

Avg closing price

$282.60

+70.9%

Last action

Trimmed 27.6%

2025Q4

Current $482.97

TMOTHERMO FISHER SCIENTIFIC INC

Healthcare·Diagnostics & Research

1.22%

of portfolio

Number of shares

793,187 sh

Holdings current value

$459.61M

Avg closing price

$573.51

-10.0%

Last action

New holding

2025Q4

Current $516.00

RRXREGAL REXNORD CORPORATION

Industrials·Specialty Industrial Machinery

1.20%

of portfolio

Number of shares

3,223,940 sh

Holdings current value

$452.38M

Avg closing price

$128.68

Last action

Added 3.2%

2025Q4

Current —

CVNACARVANA CO

Consumer Cyclical·Auto & Truck Dealerships

1.19%

of portfolio

Number of shares

1,061,533 sh

Holdings current value

$447.99M

Avg closing price

$285.20

+27.0%

Last action

Trimmed 49.5%

2025Q4

Current $362.24

CHWYCHEWY INC

Consumer Cyclical·Internet Retail

1.19%

of portfolio

Number of shares

13,536,645 sh

Holdings current value

$447.39M

Avg closing price

$34.25

-21.3%

Last action

Added 146.9%

2025Q4

Current $26.97

APGAPI GROUP CORP

Industrials·Engineering & Construction

1.17%

of portfolio

Number of shares

11,537,518 sh

Holdings current value

$441.43M

Avg closing price

$13.71

+223.9%

Last action

Trimmed 6.2%

2025Q4

Current $44.39

N82405106STELLANTIS N.V

1.15%

of portfolio

Number of shares

39,062,551 sh

Holdings current value

$434.32M

Avg closing price

$11.12

Last action

New holding

2025Q4

Current —

CCLCARNIVAL CORP

Consumer Cyclical·Travel Services

1.14%

of portfolio

Number of shares

14,061,827 sh

Holdings current value

$429.45M

Avg closing price

$19.97

+36.7%

Last action

New holding

2025Q4

Current $27.31

H42097107UBS GROUP AG

1.13%

of portfolio

Number of shares

9,128,817 sh

Holdings current value

$425.96M

Avg closing price

$38.59

Last action

Trimmed 30.3%

2025Q4

Current —

UNHUNITEDHEALTH GROUP INC

Healthcare·Healthcare Plans

1.05%

of portfolio

Number of shares

1,197,273 sh

Holdings current value

$395.23M

Avg closing price

$501.25

-36.9%

Last action

New holding

2025Q4

Current $316.40

BMRNBIOMARIN PHARMACEUTICAL INC

Healthcare·Biotechnology

0.95%

of portfolio

Number of shares

6,036,936 sh

Holdings current value

$358.78M

Avg closing price

$77.51

-30.2%

Last action

Trimmed 27.5%

2025Q4

Current $54.10

SAIASAIA INC

Industrials·Trucking

0.94%

of portfolio

Number of shares

1,088,582 sh

Holdings current value

$355.44M

Avg closing price

$284.19

Last action

Trimmed 21.3%

2025Q4

Current —

TICACUREN CORP

Industrials·Specialty Business Services

0.92%

of portfolio

Number of shares

34,360,000 sh

Holdings current value

$347.38M

Avg closing price

$11.12

Last action

New holding

2025Q1

Current —

H1467J104CHUBB LIMITED

0.84%

of portfolio

Number of shares

1,013,839 sh

Holdings current value

$316.44M

Avg closing price

$228.40

Last action

New holding

2025Q4

Current —

PGRPROGRESSIVE CORP

Financial Services·Insurance - Property & Casualty

0.80%

of portfolio

Number of shares

1,331,538 sh

Holdings current value

$303.22M

Avg closing price

$179.08

+13.6%

Last action

New holding

2025Q4

Current $203.47

LIILENNOX INTL INC

Industrials·Building Products & Equipment

0.80%

of portfolio

Number of shares

621,311 sh

Holdings current value

$301.70M

Avg closing price

$485.58

-1.3%

Last action

New holding

2025Q4

Current $479.22

TWTRADEWEB MKTS INC

Financial Services·Capital Markets

0.79%

of portfolio

Number of shares

2,768,659 sh

Holdings current value

$297.74M

Avg closing price

$107.54

Last action

New holding

2025Q4

Current —

MDLNMEDLINE INC

Healthcare·Medical Instruments & Supplies

0.78%

of portfolio

Number of shares

6,959,157 sh

Holdings current value

$292.28M

Avg closing price

$42.00

+11.8%

Last action

New holding

2025Q4

Current $46.94

G0403H108AON PLC

0.73%

of portfolio

Number of shares

783,650 sh

Holdings current value

$276.53M

Avg closing price

$298.91

Last action

Trimmed 44.6%

2025Q4

Current —

AJGGALLAGHER ARTHUR J & CO

Financial Services·Insurance Brokers

0.71%

of portfolio

Number of shares

1,040,977 sh

Holdings current value

$269.39M

Avg closing price

$158.96

+41.0%

Last action

New holding

2025Q4

Current $224.08

BACBK OF AMERICA CORP

Financial Services·Banks - Diversified

0.66%

of portfolio

Number of shares

4,494,629 sh

Holdings current value

$247.20M

Avg closing price

$39.84

+34.3%

Last action

Trimmed 60.9%

2025Q4

Current $53.51

BSXBOSTON SCIENTIFIC CORP

Healthcare·Medical Devices

0.64%

of portfolio

Number of shares

2,509,808 sh

Holdings current value

$239.31M

Avg closing price

$80.75

-21.5%

Last action

Trimmed 5.0%

2025Q4

Current $63.42

DLRDIGITAL RLTY TR INCREIT

Real Estate·REIT - Specialty

0.62%

of portfolio

Number of shares

1,507,988 sh

Holdings current value

$233.30M

Avg closing price

$154.71

Last action

New holding

2025Q4

Current —

LOWLOWES COS INC

Consumer Cyclical·Home Improvement Retail

0.58%

of portfolio

Number of shares

912,040 sh

Holdings current value

$219.95M

Avg closing price

$100.87

Last action

New holding

2025Q4

Current —

FIGFIGMA INC

Technology·Software - Application

0.57%

of portfolio

Number of shares

5,752,388 sh

Holdings current value

$214.97M

Avg closing price

$37.37

-45.6%

Last action

New holding

2025Q4

Current $20.32

ITUBITAU UNIBANCO HLDG S AADR

Financial Services·Banks - Regional

0.54%

of portfolio

Number of shares

28,396,545 sh

Holdings current value

$203.32M

Avg closing price

$7.16

Last action

New holding

2025Q4

Current —

G0260P102AMER SPORTS INC

0.48%

of portfolio

Number of shares

4,814,290 sh

Holdings current value

$179.81M

Avg closing price

$32.74

Last action

Trimmed 24.1%

2025Q4

Current —

RALRALLIANT CORP

Technology·Electronic Components

0.43%

of portfolio

Number of shares

3,162,630 sh

Holdings current value

$161.01M

Avg closing price

$48.49

Last action

Trimmed 37.8%

2025Q4

Current —

RIOTRIOT BLOCKCHAIN INC

Financial Services·Capital Markets

0.42%

of portfolio

Number of shares

12,428,894 sh

Holdings current value

$157.47M

Avg closing price

$12.67

+33.5%

Last action

New holding

2025Q4

Current $16.92

N62509109NEWAMSTERDAM PHARMA COMPANY

0.39%

of portfolio

Number of shares

4,203,567 sh

Holdings current value

$147.46M

Avg closing price

$10.79

Last action

Trimmed 35.1%

2025Q4

Current —

G76279101ROIVANT SCIENCES LTD

0.37%

of portfolio

Number of shares

6,443,191 sh

Holdings current value

$139.82M

Avg closing price

$10.08

Last action

Trimmed 72.7%

2025Q4

Current —

IQVIQVIA HLDGS INC

Healthcare·Diagnostics & Research

0.37%

of portfolio

Number of shares

619,236 sh

Holdings current value

$139.58M

Avg closing price

$225.41

-23.7%

Last action

New holding

2025Q4

Current $171.95

SIONSIONNA THERAPEUTICS INC

Healthcare·Biotechnology

0.35%

of portfolio

Number of shares

3,195,181 sh

Holdings current value

$131.45M

Avg closing price

$10.98

Last action

Added 8.2%

2025Q2

Current —

INBXINHIBRX BIOSCIENCES INC

Healthcare·Biotechnology

0.30%

of portfolio

Number of shares

1,437,705 sh

Holdings current value

$113.58M

Avg closing price

$14.17

Last action

Trimmed 19.6%

2025Q4

Current —

N69605108PHARVARIS N V

0.27%

of portfolio

Number of shares

3,653,310 sh

Holdings current value

$101.38M

Avg closing price

$24.35

Last action

Trimmed 0.1%

2024Q1

Current —

CSGPCOSTAR GROUP INC

Real Estate·Real Estate Services

0.26%

of portfolio

Number of shares

1,442,582 sh

Holdings current value

$97.00M

Avg closing price

$94.32

-57.5%

Last action

Trimmed 22.0%

2025Q4

Current $40.04

WSTWEST PHARMACEUTICAL SVSC INC

Healthcare·Medical Instruments & Supplies

0.22%

of portfolio

Number of shares

295,028 sh

Holdings current value

$81.17M

Avg closing price

$275.14

Last action

New holding

2025Q4

Current —

ORKAORUKA THERAPEUTICS INC

Healthcare·Biotechnology

0.21%

of portfolio

Number of shares

2,666,690 sh

Holdings current value

$80.83M

Avg closing price

$19.23

Last action

New holding

2025Q3

Current —

LABFLUIDIGM CORP DEL

Healthcare·Medical Devices

0.20%

of portfolio

Number of shares

58,651,170 sh

Holdings current value

$75.07M

Avg closing price

$2.71

-65.9%

Last action

New holding

2024Q1

Current $0.92

MASIMASIMO CORP

Healthcare·Medical Devices

0.18%

of portfolio

Number of shares

514,340 sh

Holdings current value

$66.90M

Avg closing price

$162.33

+9.8%

Last action

Trimmed 52.1%

2025Q4

Current $178.29

ORICORIC PHARMACEUTICALS INC

Healthcare·Biotechnology

0.14%

of portfolio

Number of shares

6,572,691 sh

Holdings current value

$53.76M

Avg closing price

$10.72

Last action

Trimmed 0.0%

2025Q4

Current —

TRVITREVI THERAPEUTICS INC

Healthcare·Biotechnology

0.11%

of portfolio

Number of shares

3,198,644 sh

Holdings current value

$40.05M

Avg closing price

$6.40

Last action

Trimmed 37.6%

2025Q4

Current —

DNAGINKGO BIOWORKS HOLDINGS INC

Healthcare·Biotechnology

0.08%

of portfolio

Number of shares

3,577,128 sh

Holdings current value

$29.73M

Avg closing price

$8.15

Last action

New holding

2024Q3

Current —

PEPGPEPGEN INC

Healthcare·Biotechnology

0.06%

of portfolio

Number of shares

3,482,434 sh

Holdings current value

$22.67M

Avg closing price

$6.88

Last action

Added 134.9%

2025Q3

Current —

75120L100RALLYBIO CORP

0.01%

of portfolio

Number of shares

4,194,777 sh

Holdings current value

$2.88M

Avg closing price

$17.58

Last action

New holding

2021Q3

Current —

Portfolio heatmap

Box size = % of portfolio · color = return since filing

Sector exposure

Share of dollar value across the latest reported portfolio. Unclassified positions excluded.

Financial Services12 pos$7.89B22.6%
Consumer Cyclical12 pos$6.90B19.7%
Technology7 pos$5.79B16.6%
Healthcare19 pos$4.63B13.3%
Industrials7 pos$3.26B9.3%
Communication Services3 pos$2.87B8.2%
Basic Materials2 pos$2.21B6.3%
Real Estate4 pos$1.39B4.0%

(7.3% unclassified, excluded from %)