# Viking Global Investors LP reported 13F holdings, quarter ended December 31, 2025

Source: SquawkFlow
URL: https://squawkflow.com/institutions/0001103804-viking-global-investors-lp/2025-q4
Type: SEC Form 13F reported holdings, one quarter
Legal name as filed: VIKING GLOBAL INVESTORS LP
CIK: 0001103804
Quarter end: December 31, 2025
Filing date: February 17, 2026
Accession: 0001103804-26-000002
Retrieved: 2026-09-15 15:56 ET

> VIKING GLOBAL INVESTORS LP reported 76 13(f) positions held on December 31, 2025, as filed with the SEC on February 17, 2026 under accession 0001103804-26-000002.

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## The filing on record

- Legal name as filed: VIKING GLOBAL INVESTORS LP
- CIK: 0001103804 (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001103804&type=13F&dateb=&owner=include&count=40)
- Quarter end, positions held on: December 31, 2025 (2025-12-31)
- Filing date, reported to the SEC on: February 17, 2026 (2026-02-17)
- Accession: 0001103804-26-000002 (https://www.sec.gov/Archives/edgar/data/1103804/000110380426000002/0001103804-26-000002-index.htm)
- Form type: 13F-HR, 13F HOLDINGS REPORT
- Snapshot revision: 1 of 1
- Positions reported: 76
- Total reported value (USD): $37,677,848,898
- Completeness: positions omitted as confidential. This filing states that some positions were omitted under a confidential treatment request; the quarter is knowingly incomplete until an amendment discloses them.
- Comparison basis: 2025-Q3 to 2025-Q4: 55 rows matched, 0 withheld, 23 excluded. 23 of 78 positions reported for 2025-09-30 are unmatched, above the 10% coverage floor; the snapshots and the exclusion list publish, the comparison does not

## Reported positions

Where the two quarters cannot be compared honestly, the row says so and names the rule that withheld it. An absent security is not evidence of a sale: it may have left 13(f) scope, been granted confidential treatment, moved to a different reporting manager, or changed CUSIP in a corporate action.

| Issuer as reported | Title of class | CUSIP | Amount reported | Reported value (USD) | Reported change since the prior quarter on record |
| --- | --- | --- | --- | --- | --- |
| MICROSOFT CORP | COM | 594918104 | 3,217,642 shares | $1,556,116,024 | reported share count increased, from 2,429,412 to 3,217,642 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | 7,287,068 shares | $1,521,029,704 | reported share count decreased, from 7,956,766 to 7,287,068 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | 4,914,896 shares | $1,493,587,745 | reported share count increased, from 3,944,366 to 4,914,896 |
| VISA INC | COM CL A | 92826C839 | 3,984,205 shares | $1,397,300,536 | reported share count increased, from 2,897,030 to 3,984,205 |
| SCHWAB CHARLES CORP | COM | 808513105 | 13,872,905 shares | $1,386,041,939 | reported share count decreased, from 16,583,101 to 13,872,905 |
| DISNEY WALT CO | COM | 254687106 | 11,193,504 shares | $1,273,484,950 | reported share count increased, from 10,449,711 to 11,193,504 |
| AIR PRODS & CHEMS INC | COM | 009158106 | 4,782,534 shares | $1,181,381,549 | reported share count increased, from 3,667,119 to 4,782,534 |
| MCDONALDS CORP | COM | 580135101 | 3,619,215 shares | $1,106,140,680 | reported share count increased, from 3,374,875 to 3,619,215 |
| BRIDGEBIO PHARMA INC | COM | 10806X102 | 14,393,934 shares | $1,100,992,012 | reported share count decreased, from 15,977,849 to 14,393,934 |
| FORTIVE CORP | COM | 34959J108 | 19,228,265 shares | $1,061,592,511 | reported share count decreased, from 20,483,680 to 19,228,265 |
| SHERWIN WILLIAMS CO | COM | 824348106 | 3,172,308 shares | $1,027,922,961 | reported share count increased, from 2,881,091 to 3,172,308 |
| BOEING CO | COM | 097023105 | 3,953,087 shares | $858,294,249 | reported share count increased, from 3,010,551 to 3,953,087 |
| ALPHABET INC | CAP STK CL A | 02079K305 | 2,666,272 shares | $834,543,136 | newly reported this quarter |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | 3,742,191 shares | $801,427,625 | reported share count decreased, from 4,181,269 to 3,742,191 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | 4,803,197 shares | $777,925,786 | newly reported this quarter |
| TESLA INC | COM | 88160R101 | 1,699,741 shares | $764,407,523 | reported share count increased, from 1,609,828 to 1,699,741 |
| T-MOBILE US INC | COM | 872590104 | 3,754,218 shares | $762,256,423 | reported share count increased, from 3,262,466 to 3,754,218 |
| AMAZON COM INC | COM | 023135106 | 3,126,816 shares | $721,731,669 | newly reported this quarter |
| CAPITAL ONE FINL CORP | COM | 14040H105 | 2,952,317 shares | $715,523,548 | reported share count decreased, from 7,388,506 to 2,952,317 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 | 5,918,707 shares | $708,765,163 | reported share count decreased, from 6,796,942 to 5,918,707 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 | 19,119,912 shares | $658,872,168 | reported share count increased, from 15,003,351 to 19,119,912 |
| JPMORGAN CHASE & CO. | COM | 46625H100 | 1,905,982 shares | $614,145,520 | reported share count decreased, from 5,059,060 to 1,905,982 |
| ROSS STORES INC | COM | 778296103 | 3,167,479 shares | $570,589,667 | reported share count increased, from 2,023,868 to 3,167,479 |
| GENERAL MTRS CO | COM | 37045V100 | 6,806,095 shares | $553,471,645 | reported share count decreased, from 13,027,139 to 6,806,095 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 | 3,880,048 shares | $538,977,468 | reported share count increased, from 2,645,082 to 3,880,048 |
| CAMDEN PPTY TR | SH BEN INT | 133131102 | 4,764,495 shares | $524,475,610 | reported share count increased, from 3,846,740 to 4,764,495 |
| DICKS SPORTING GOODS INC | COM | 253393102 | 2,572,969 shares | $509,370,673 | newly reported this quarter |
| CELESTICA INC | COM | 15101Q207 | 1,699,236 shares | $502,311,154 | reported share count decreased, from 1,722,780 to 1,699,236 |
| CSX CORP | COM | 126408103 | 13,817,539 shares | $500,885,789 | reported share count decreased, from 15,947,719 to 13,817,539 |
| ADAPTIVE BIOTECHNOLOGIES COR | COM | 00650F109 | 29,993,708 shares | $487,097,818 | reported share count unchanged |
| SEA LTD | SPONSORD ADS | 81141R100 | 3,671,545 shares | $468,378,996 | reported share count increased, from 3,039,203 to 3,671,545 |
| HCA HEALTHCARE INC | COM | 40412C101 | 999,180 shares | $466,477,175 | reported share count decreased, from 1,380,583 to 999,180 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | 793,187 shares | $459,612,207 | newly reported this quarter |
| REGAL REXNORD CORPORATION | COM | 758750103 | 3,223,940 shares | $452,383,261 | reported share count increased, from 3,123,262 to 3,223,940 |
| CARVANA CO | CL A | 146869102 | 1,061,533 shares | $447,988,157 | reported share count decreased, from 2,101,241 to 1,061,533 |
| CHEWY INC | CL A | 16679L109 | 13,536,645 shares | $447,386,117 | reported share count increased, from 5,483,690 to 13,536,645 |
| API GROUP CORP | COM STK | 00187Y100 | 11,537,518 shares | $441,425,439 | reported share count decreased, from 12,306,277 to 11,537,518 |
| STELLANTIS N.V | SHS | N82405106 | 39,062,551 shares | $434,319,598 | newly reported this quarter |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 | 14,061,827 shares | $429,448,197 | newly reported this quarter |
| UBS GROUP AG | SHS | H42097107 | 9,128,817 shares | $425,957,677 | reported share count decreased, from 13,096,560 to 9,128,817 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | 1,197,273 shares | $395,231,790 | newly reported this quarter |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 | 6,036,936 shares | $358,775,106 | reported share count decreased, from 8,322,179 to 6,036,936 |
| SAIA INC | COM | 78709Y105 | 1,088,582 shares | $355,443,795 | reported share count decreased, from 1,383,888 to 1,088,582 |
| TIC SOLUTIONS INC | COM | 00510N102 | 34,360,000 shares | $347,379,600 | reported share count unchanged |
| CHUBB LIMITED | COM | H1467J104 | 1,013,839 shares | $316,439,429 | newly reported this quarter |
| PROGRESSIVE CORP | COM | 743315103 | 1,331,538 shares | $303,217,833 | newly reported this quarter |
| LENNOX INTL INC | COM | 526107107 | 621,311 shares | $301,696,195 | newly reported this quarter |
| TRADEWEB MKTS INC | CL A | 892672106 | 2,768,659 shares | $297,741,589 | newly reported this quarter |
| MEDLINE INC | COM CL A | 58507V107 | 6,959,157 shares | $292,284,594 | newly reported this quarter |
| AON PLC | SHS CL A | G0403H108 | 783,650 shares | $276,534,412 | reported share count decreased, from 1,414,618 to 783,650 |
| GALLAGHER ARTHUR J & CO | COM | 363576109 | 1,040,977 shares | $269,394,438 | newly reported this quarter |
| BANK AMERICA CORP | COM | 060505104 | 4,494,629 shares | $247,204,595 | reported share count decreased, from 11,500,290 to 4,494,629 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 | 2,509,808 shares | $239,310,193 | reported share count decreased, from 2,641,682 to 2,509,808 |
| DIGITAL RLTY TR INC | COM | 253868103 | 1,507,988 shares | $233,300,823 | newly reported this quarter |
| LOWES COS INC | COM | 548661107 | 912,040 shares | $219,947,566 | newly reported this quarter |
| FIGMA INC | CLASS A COM STK | 316841105 | 5,752,388 shares | $214,966,740 | newly reported this quarter |
| ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 | 28,396,545 shares | $203,319,262 | newly reported this quarter |
| AMER SPORTS INC | COM SHS | G0260P102 | 4,814,290 shares | $179,813,732 | reported share count decreased, from 6,343,481 to 4,814,290 |
| RALLIANT CORP | COM | 750940108 | 3,162,630 shares | $161,009,493 | reported share count decreased, from 5,082,472 to 3,162,630 |
| RIOT PLATFORMS INC | COM | 767292105 | 12,428,894 shares | $157,474,087 | newly reported this quarter |
| NEWAMSTERDAM PHARMA COMPANY | ORDINARY SHARES | N62509109 | 4,203,567 shares | $147,461,130 | reported share count decreased, from 6,475,534 to 4,203,567 |
| ROIVANT SCIENCES LTD | SHS | G76279101 | 6,443,191 shares | $139,817,245 | reported share count decreased, from 23,594,831 to 6,443,191 |
| IQVIA HLDGS INC | COM | 46266C105 | 619,236 shares | $139,581,987 | newly reported this quarter |
| SIONNA THERAPEUTICS INC | COM | 829401108 | 3,195,181 shares | $131,449,746 | reported share count unchanged |
| INHIBRX BIOSCIENCES INC | COM | 45720N103 | 1,437,705 shares | $113,578,695 | reported share count decreased, from 1,787,705 to 1,437,705 |
| PHARVARIS N V | COM | N69605108 | 3,653,310 shares | $101,379,353 | reported share count unchanged |
| COSTAR GROUP INC | COM | 22160N109 | 1,442,582 shares | $96,999,214 | reported share count decreased, from 1,849,729 to 1,442,582 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 | 295,028 shares | $81,174,004 | newly reported this quarter |
| ORUKA THERAPEUTICS INC | COM | 687604108 | 2,666,690 shares | $80,827,374 | reported share count unchanged |
| STANDARD BIOTOOLS INC | COM | 34385P108 | 58,651,170 shares | $75,073,498 | reported share count unchanged |
| MASIMO CORP | COM | 574795100 | 514,340 shares | $66,895,060 | reported share count decreased, from 1,073,433 to 514,340 |
| ORIC PHARMACEUTICALS INC | COM | 68622P109 | 6,572,691 shares | $53,764,612 | reported share count decreased, from 6,572,700 to 6,572,691 |
| TREVI THERAPEUTICS INC | COM | 89532M101 | 3,198,644 shares | $40,047,023 | reported share count decreased, from 5,128,875 to 3,198,644 |
| GINKGO BIOWORKS HOLDINGS INC | CL A NEW | 37611X209 | 3,577,128 shares | $29,725,934 | reported share count unchanged |
| PEPGEN INC | COM | 713317105 | 3,482,434 shares | $22,670,645 | reported share count unchanged |
| RALLYBIO CORP | COM | 75120L100 | 4,194,777 shares | $2,878,037 | reported share count unchanged |

## Revision history

| Revision | Basis | Form type | Filing date | Accession | Positions reported |
| --- | --- | --- | --- | --- | --- |
| 1 (current) | original | 13F-HR | 2026-02-17 | 0001103804-26-000002 (https://www.sec.gov/Archives/edgar/data/1103804/000110380426000002/0001103804-26-000002-index.htm) | 76 |

Every quarter on record for this manager: https://squawkflow.com/institutions/0001103804-viking-global-investors-lp

## Coverage

Form 13F reports long positions in 13(f) securities held on the last day of the quarter. It excludes short positions, cash, and assets outside 13(f) scope. An absent security is not evidence of a sale.

Ledger last ingested 2026-09-15T16:14:17+00:00 (32 filings ingested, 8 quarantined).

Form 13F is filed within 45 days of quarter end, so every figure here is at least that old, and amendments can change a closed quarter months later.

## How to read this

A Form 13F is filed within 45 days of the quarter end it describes, so every figure on these pages was already at least that old the day it published. The quarter end and the filing date are labelled separately on every row and neither of them is today.

Form 13F is two quarter-end snapshots. It states no transaction, no transaction date and no transaction price, so a difference between two quarters is a difference between two reports and nothing more.

The filer is the entity named on the cover page. Where a filing lists other managers, that is an attribution of reporting responsibility, not an attribution of a decision to any individual.

SquawkFlow publishes market-structure data and education. Nothing here is investment advice, a price target or a recommendation, and we have no order execution.

## Citation

Source: SquawkFlow, https://squawkflow.com/institutions/0001103804-viking-global-investors-lp/2025-q4
Retrieved: 2026-09-15 15:56 ET
Attribution: cite the page URL together with the accession number shown on
it. A figure quoted without its quarter end and its filing date has lost the
two facts that make it true.

SquawkFlow publishes market-structure data and education. Nothing here is investment advice, a price target or a recommendation, and we have no order execution.