VIKING GLOBAL INVESTORS LP

CIK 0001103804 · Q2 2026

13F Equity AUM

$35.1B

-1.9% QoQ

Positions

+13 QoQ

AUM Rank

#227

Top 3%

Skill Alpha (FF)

+3.2%/yr^ns

No Clear Edge

Rank #1,005 · Top 12%

vs S&P +0.8%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 21.8%Top 10: 35.7%Top 20: 56.9%

V6.3%

TSM4.3%

APD4.0%

SHW3.8%

FTV3.5%

META3.0%

SCHW2.8%

TMO2.8%

JPM2.7%

LII2.6%

Others (80)64.3%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services20.1%

Consumer Cyclical16.4%

Healthcare15.1%

Industrials12.1%

Technology10.8%

Basic Materials8.4%

Communication Services6.9%

Real Estate5.4%

Other4.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 90Median: 0.72%Avg: 1.11%

0–0.5%

32(5.6%)

0.5–1%

22(15.5%)

1–3%

31(57.1%)

3–5%

4(15.6%)

5%+

1(6.3%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 90vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New35Increased18Decreased27Exited22

New Positions

RACE2.3%

+2.2M

MSCI1.9%

+1.2M

UNP1.6%

+2.0M

FQI1.2%

+2.3M

CARNIVAL CORP LTD1.2%

+14.3M

CVS1.1%

+3.7M

FEDEX FGHT HLDG CO I…1.0%

+2.4M

DWD1.0%

+1.6M

QCOM0.8%

+1.5M

APTV0.8%

+4.6M

Increased

CVNA2.3%

+9.5M(+343%)

IBKR1.2%

+3.4M(+246%)

AMZN2.5%

+2.5M(+210%)

SE1.6%

+933K(+20%)

META3.0%

+805K(+76%)

SHW3.8%

+763K(+25%)

APD4.0%

+636K(+16%)

BMRN1.2%

+554K(+8%)

HD0.9%

+416K(+83%)

WAT1.8%

+406K(+32%)

Decreased

MDLN0.5%

-6,592,912(-58%)

DIS2.0%

-6,140,056(-46%)

GM1.1%

-4,171,110(-45%)

SCHW2.8%

-4,026,085(-27%)

FTV3.5%

-2,544,626(-11%)

ATD0.7%

-2,178,963(-65%)

ICE1.0%

-2,059,758(-43%)

TSLA0.7%

-1,945,745(-78%)

BBIO2.1%

-1,893,215(-16%)

TRVI0.1%

-1,654,000(-52%)

Exited

-3,593,057

-18,678,052

-2,395,865

-3,027,092

-2,967,374

-1,075,133

-1,654,989

-13,721,348

-1,616,559

-4,221,223

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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