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Viking Global Investors LP

The positions Viking Global Investors LP reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 14 Aug 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.

Reported book
$35.1bn
-$670m on Q1 2026
Positions
90
35 new, 22 sold out
Top ten weight
36%
Spread across the book
Quarter
Q2 2026
Filed 14 Aug 2026
Read the Q2 2026 filing on sec.gov CIK 0001103804 · Long/short equity · CT
Reported book by quarter
$0$19.3bn$38.5bnQ3 24: $27.4bn$27.4bnQ3 24Q4 24: $30.9bn$30.9bnQ4 24Q1 25: $31.5bn$31.5bnQ1 25Q2 25: $34.6bn$34.6bnQ2 25Q3 25: $38.5bn$38.5bnQ3 25Q4 25: $37.7bn$37.7bnQ4 25Q1 26: $35.7bn$35.7bnQ1 26Q2 26: $35.1bn$35.1bnQ2 26
Largest positions, share of the book
Visa Inc (V): 6.3%Visa Inc (V)6.3%Taiwan Semiconductor Manufac: 4.3%Taiwan Semiconductor Ma…4.3%Air Products and Chemicals I: 4.0%Air Products and Chemic…4.0%Sherwin Williams Co (SHW): 3.8%Sherwin Williams Co (SH…3.8%Fortive Corp (FTV): 3.5%Fortive Corp (FTV)3.5%Meta Platforms Inc (META): 3.0%Meta Platforms Inc (MET…3.0%Schwab Charles Corp: 2.8%Schwab Charles Corp2.8%Thermo Fisher Scientific Inc (TMO): 2.8%Thermo Fisher Scientifi…2.8%JPMorgan Chase & Co: 2.7%JPMorgan Chase & Co2.7%Lennox Intl Inc: 2.6%Lennox Intl Inc2.6%

Opened this quarter

A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.

  • Ferrari N V (RACE)$817m · 2.3%
  • Msci Inc (MSCI)$650m · 1.9%
  • Union Pac Corp$557m · 1.6%
  • Digital Rlty TR Inc$415m · 1.2%
  • Carnival Corp LTD (CCL)$409m · 1.2%
  • CVS Health Corp (CVS)$379m · 1.1%
  • Fedex FGHT HLDG Co Inc$357m · 1.0%
  • Morgan Stanley$339m · 1.0%
  • Qualcomm Inc$280m · 0.8%
  • Aptiv PLC (APTV)$280m · 0.8%
  • Avalonbay Cmntys Inc$253m · 0.7%
  • Snowflake Inc (SNOW)$244m · 0.7%
  • and 23 more, in the table below.

Sold out of this quarter

Exits are valued at what the position was worth in the previous filing, because by this one it is gone.

  • Apple Inc (AAPL)$912m held before
  • CSX Corp (CSX)$767m held before
  • Alphabet Inc$689m held before
  • PNC Finl SVCS Group Inc$630m held before
  • T-mobile US Inc$623m held before
  • Hca Healthcare Inc (HCA)$509m held before
  • Celestica Inc (CLS)$466m held before
  • Carnival Corp (CCL)$355m held before
  • Progressive Corp$321m held before
  • American Intl Group Inc$318m held before
  • Api Group Corp (APG)$237m held before
  • Cboe Global MKTS Inc$194m held before
  • and 10 more.

Every reported position, Q2 2026

90 positions, sorted by weight

PositionWeight ↑ValueSharesChange on the quarterAction
Pepgen Inc (PEPG)
COM · CUSIP 713317105
0.0%$6.3m3,482,434
+$100k
0 shares
Held
Rallybio Corp (RLYB)
COM · CUSIP 75120L209
0.0%$8.4m524,347
+$3.7m
0 shares
Held
Azul S A
SPONSORED ADS · CUSIP 05501U601
0.0%$12m1,349,734No earlier filingNew
X-energy Inc (XE)
COM CL A · CUSIP 98386P102
0.0%$13m714,286No earlier filingNew
DPC Holdings PLC (DPC)
ORDINARY SHARES · CUSIP G2R11M108
0.0%$15m306,123No earlier filingNew
Toll Brothers Inc (TOL)
COM · CUSIP 889478103
0.1%$18m109,856No earlier filingNew
Altimmune Inc (ALT)
COM NEW · CUSIP 02155H200
0.1%$20m6,700,000No earlier filingNew
Fervo Energy Co (FRVO)
CL A COM · CUSIP 31556C106
0.1%$22m750,000No earlier filingNew
Quantinuum Inc (QNT)
CL A COM · CUSIP 74768A104
0.1%$25m306,123No earlier filingNew
Artiva Biotherapeutics Inc (ARTV)
COM · CUSIP 04317A107
0.1%$25m2,604,166No earlier filingNew
Infleqtion Inc
COM SHS · CUSIP 45676K103
0.1%$27m2,032,649No earlier filingNew
Trevi Therapeutics Inc (TRVI)
COM · CUSIP 89532M101
0.1%$29m1,544,644
-$9.4m
-1,654,000 shares
Trimmed
Tradeweb MKTS Inc
CL A · CUSIP 892672106
0.1%$31m314,222No earlier filingNew
Cme Group Inc (CME)
COM · CUSIP 12572Q105
0.1%$34m152,980No earlier filingNew
Ginkgo Bioworks Holdings Inc
CL A NEW · CUSIP 37611X209
0.1%$35m3,577,128
+$14m
0 shares
Held
Standard Biotools Inc (LAB)
COM · CUSIP 34385P108
0.1%$48m58,651,170
-$5.7m
0 shares
Held
Bruker Corp
COM · CUSIP 116794108
0.2%$54m893,491No earlier filingNew
Oric Pharmaceuticals Inc (ORIC)
COM · CUSIP 68622P109
0.2%$56m5,126,762
-$18m
-697,771 shares
Trimmed
Damora Therapeutics Inc (DMRA)
COM NEW · CUSIP 36322Q206
0.2%$60m2,311,082
+$300k
0 shares
Held
Solaredge Technologies Inc (SEDG)
COM · CUSIP 83417M104
0.2%$64m1,088,469No earlier filingNew
Corebridge Finl Inc
COM · CUSIP 21871X109
0.2%$77m2,679,371No earlier filingNew
Capital One Finl Corp
COM · CUSIP 14040H105
0.2%$78m387,815
-$216m
-1,224,559 shares
Trimmed
Deutsche BK AG
NAMEN AKT · CUSIP D18190898
0.2%$85m2,510,554No earlier filingNew
Natera Inc (NTRA)
COM · CUSIP 632307104
0.3%$106m390,694No earlier filingNew
Inhibrx Biosciences Inc (INBX)
COM · CUSIP 45720N103
0.3%$107m1,123,929
+$9.8m
-313,776 shares
Trimmed
Brightspring Health SVCS Inc
COM · CUSIP 10950A106
0.3%$113m1,618,237No earlier filingNew
UBS Group AG
SHS · CUSIP H42097107
0.3%$121m2,435,805No earlier filingNew
Pharvaris N V (PHVS)
COM · CUSIP N69605108
0.4%$126m3,653,310
+$23m
0 shares
Held
Chubb Limited (CB)
COM · CUSIP H1467J104
0.4%$129m377,312
-$294m
-917,699 shares
Trimmed
Sionna Therapeutics Inc (SION)
COM · CUSIP 829401108
0.4%$141m3,195,181
+$13m
0 shares
Held
Newamsterdam Pharma Company
ORDINARY SHARES · CUSIP N62509109
0.4%$143m4,203,567
+$7.9m
0 shares
Held
Oruka Therapeutics Inc (ORKA)
COM · CUSIP 687604108
0.4%$143m1,503,478
+$12m
-1,163,212 shares
Trimmed
US Foods HLDG Corp
COM · CUSIP 912008109
0.5%$177m1,734,346No earlier filingNew
Bce Inc
COM NEW · CUSIP 05534B760
0.5%$181m8,383,278No earlier filingNew
Medline Inc (MDLN)
COM CL A · CUSIP 58507V107
0.5%$191m4,841,080
-$318m
-6,592,912 shares
Trimmed
Veradermics Inc (MANE)
COMMON STOCK · CUSIP 922967104
0.5%$192m1,561,494
+$85m
-129,061 shares
Trimmed
Amer Sports Inc (AS)
COM SHS · CUSIP G0260P102
0.6%$202m5,954,351
-$38m
-1,316,125 shares
Trimmed
Space Exploration Techn Corp
CLASS A COM STK · CUSIP 84615Q103
0.6%$205m1,200,000No earlier filingNew
Roivant Sciences LTD (ROIV)
SHS · CUSIP G76279101
0.6%$222m6,271,467
+$38m
-380,981 shares
Trimmed
Ati Inc (ATI)
COM · CUSIP 01741R102
0.6%$227m1,153,880
-$257m
-2,178,963 shares
Trimmed
Tesla Inc (TSLA)
COM · CUSIP 88160R101
0.7%$230m547,816
-$697m
-1,945,745 shares
Trimmed
Take-two Interactive Softwar
COM · CUSIP 874054109
0.7%$235m940,605No earlier filingNew
Equitable HLDGS Inc
COM · CUSIP 29452E101
0.7%$237m5,398,896No earlier filingNew
Snowflake Inc (SNOW)
COM SHS · CUSIP 833445109
0.7%$244m960,138No earlier filingNew
Dicks Sporting Goods Inc
COM · CUSIP 253393102
0.7%$251m1,106,134
+$200k
-158,036 shares
Trimmed
Avalonbay Cmntys Inc
COM · CUSIP 053484101
0.7%$253m1,339,782No earlier filingNew
Hasbro Inc (HAS)
COM · CUSIP 418056107
0.7%$257m3,107,195
-$93m
-631,707 shares
Trimmed
Reddit Inc (RDDT)
CL A · CUSIP 75734B100
0.8%$272m1,565,518
-$72m
-986,099 shares
Trimmed
Aptiv PLC (APTV)
COM SHS · CUSIP G3265R107
0.8%$280m4,552,887No earlier filingNew
Qualcomm Inc
COM · CUSIP 747525103
0.8%$280m1,514,185No earlier filingNew
Tic Solutions Inc
COM · CUSIP 00510N102
0.8%$290m35,824,562
+$54m
0 shares
Held
Home Depot Inc (HD)
COM · CUSIP 437076102
0.9%$325m920,595
+$159m
+416,338 shares
Added
Morgan Stanley
COM NEW · CUSIP 617446448
1.0%$339m1,622,593No earlier filingNew
Intercontinental Exchange In
COM · CUSIP 45866F104
1.0%$342m2,777,138
-$419m
-2,059,758 shares
Trimmed
Fedex FGHT HLDG Co Inc
COMMON STOCK · CUSIP 314352105
1.0%$357m2,366,634No earlier filingNew
CVS Health Corp (CVS)
COM · CUSIP 126650100
1.1%$379m3,663,361No earlier filingNew
Aon PLC (AON)
SHS CL A · CUSIP G0403H108
1.1%$382m1,151,269
+$31m
+64,155 shares
Added
General MTRS Co
COM · CUSIP 37045V100
1.1%$386m5,005,833
-$298m
-4,171,110 shares
Trimmed
Carnival Corp LTD (CCL)
COMMON SHARES · CUSIP G2004J103
1.2%$409m14,299,953No earlier filingNew
Digital Rlty TR Inc
COM · CUSIP 253868103
1.2%$415m2,310,475No earlier filingNew
Interactive Brokers Group In
COM CL A · CUSIP 45841N107
1.2%$421m4,830,748
+$327m
+3,436,419 shares
Added
Biomarin Pharmaceutical Inc (BMRN)
COM · CUSIP 09061G101
1.2%$436m7,616,563
+$37m
+554,486 shares
Added
Regal Rexnord Corporation (RRX)
COM · CUSIP 758750103
1.4%$501m2,101,759
-$88m
-1,041,092 shares
Trimmed
Camden Ppty TR
SH BEN INT · CUSIP 133131102
1.5%$517m4,513,303
+$56m
-202,091 shares
Trimmed
Sea LTD
SPONSORD ADS · CUSIP 81141R100
1.5%$543m5,669,877
+$151m
+932,681 shares
Added
Microsoft Corp (MSFT)
COM · CUSIP 594918104
1.6%$544m1,458,618
-$311m
-850,828 shares
Trimmed
Union Pac Corp
COM · CUSIP 907818108
1.6%$557m2,047,332No earlier filingNew
Johnson Controls Internation
SHS · CUSIP G51502105
1.8%$614m4,202,694
+$35m
-217,229 shares
Trimmed
Waters Corp
COM · CUSIP 941848103
1.8%$623m1,662,140
+$249m
+405,678 shares
Added
Adaptive Biotechnologies Cor
COM · CUSIP 00650F109
1.8%$643m29,993,708
+$227m
0 shares
Held
Msci Inc (MSCI)
COM · CUSIP 55354G100
1.9%$650m1,160,687No earlier filingNew
Fedex Corp (FDX)
COM · CUSIP 31428X106
1.9%$674m2,151,983
-$14m
+219,818 shares
Added
Disney Walt Co
COM · CUSIP 254687106
2.0%$689m7,158,406
-$593m
-6,140,056 shares
Trimmed
Mid-amer Apt Cmntys Inc
COM · CUSIP 59522J103
2.0%$701m5,043,318
+$115m
+244,914 shares
Added
Boeing Co
COM · CUSIP 097023105
2.0%$709m3,274,825
+$73m
+78,784 shares
Added
Bridgebio Pharma Inc (BBIO)
COM · CUSIP 10806X102
2.1%$741m9,949,219
-$138m
-1,893,215 shares
Trimmed
McDonald's Corp (MCD)
COM · CUSIP 580135101
2.2%$765m2,829,158
-$362m
-795,871 shares
Trimmed
Carvana Co (CVNA)
CL A · CUSIP 146869102
2.3%$811m12,322,311
-$63m
+9,542,276 shares
Added
Ferrari N V (RACE)
COM · CUSIP N3167Y103
2.3%$817m2,204,309No earlier filingNew
Amazon Com Inc (AMZN)
COM · CUSIP 023135106
2.5%$882m3,700,862
+$633m
+2,505,434 shares
Added
Lennox Intl Inc
COM · CUSIP 526107107
2.6%$912m1,590,959
+$182m
+18,540 shares
Added
JPMorgan Chase & Co
COM · CUSIP 46625H100
2.7%$949m2,899,386
+$154m
+195,368 shares
Added
Thermo Fisher Scientific Inc (TMO)
COM · CUSIP 883556102
2.8%$971m1,937,415
+$152m
+269,390 shares
Added
Schwab Charles Corp
COM · CUSIP 808513105
2.8%$982m10,638,869
-$397m
-4,026,085 shares
Trimmed
Meta Platforms Inc (META)
CL A · CUSIP 30303M102
3.0%$1.1bn1,867,619
+$444m
+805,044 shares
Added
Fortive Corp (FTV)
COM · CUSIP 34959J108
3.5%$1.2bn19,934,762
-$25m
-2,544,626 shares
Trimmed
Sherwin Williams Co (SHW)
COM · CUSIP 824348106
3.8%$1.3bn3,875,879
+$337m
+763,112 shares
Added
Air Products and Chemicals I
COM · CUSIP 009158106
4.0%$1.4bn4,740,351
+$198m
+636,256 shares
Added
Taiwan Semiconductor Manufac
SPONSORED ADS · CUSIP 874039100
4.3%$1.5bn3,168,097
+$4.0m
-1,297,030 shares
Trimmed
Visa Inc (V)
COM CL A · CUSIP 92826C839
6.3%$2.2bn6,393,604
+$281m
+65,419 shares
Added

Every filing on file

QuarterPeriod endFiledBookPositionsTop 10Filing
Q2 202630 Jun 202614 Aug 2026$35.1bn9036%13F-HR
Q1 202631 Mar 202615 May 2026$35.7bn7735%13F-HR
Q4 202531 Dec 202517 Feb 2026$37.7bn7635%13F-HR
Q3 202530 Sept 202514 Nov 2025$38.5bn7834%13F-HR
Q2 202530 Jun 202514 Aug 2025$34.6bn8331%13F-HR
Q1 202531 Mar 202515 May 2025$31.5bn9134%13F-HR
Q4 202431 Dec 202414 Feb 2025$30.9bn8636%13F-HR
Q3 202430 Sept 202414 Nov 2024$27.4bn8339%13F-HR

Taking this into the room

Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.

A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.

Compare this against every other manager →How a hedge fund interview runs →

What this filing leaves out

A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.

The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.

Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More