Smart Money
AH

Andreas Halvorsen

Viking Global Investors·growth·Concentrated / activist
Accredited only

~19% since 1999

Portfolio value

$35.7B

Positions

77

Top 5 concentration

21%

New buys this quarter

19

Recent moves vs Dec 2025

$AAPLNew buy2.6%
$FDXNew buy1.9%
$METANew buy1.7%
$ATINew buy1.4%
$WATNew buy1%
$HASNew buy1%
$RDDTNew buy1%
$AIGNew buy0.9%
$CBOENew buy0.5%
$HDNew buy0.5%
$LULUNew buy0.4%
$CRWVNew buy0.3%
$MANENew buy0.3%
$IBKRNew buy0.3%
$EWNew buy0.2%
$DMRANew buy0.2%
$TWLONew buy0.2%
$EQPTNew buy0.1%
$FPSNew buy0.1%
$VAdded5.4%
$SCHWAdded3.9%
$DISAdded3.6%
$FTVAdded3.5%
$TSLAAdded2.6%
$CVNAAdded2.4%
$TMOAdded2.3%
$JPMAdded2.2%
$CSXAdded2.1%
$LIIAdded2%
$GMAdded1.9%
$MAAAdded1.6%
$MDLNAdded1.4%
$HCAAdded1.4%
$CBAdded1.2%
$BMRNAdded1.1%
$SEAdded1.1%
$AONAdded1%
$PGRAdded0.9%
$ASAdded0.7%
$WSTAdded0.3%
$TSMTrimmed4.2%
$APDTrimmed3.3%
$BBIOTrimmed2.5%
$MSFTTrimmed2.4%
$GOOGLTrimmed1.9%
$BATrimmed1.8%
$PNCTrimmed1.8%
$TMUSTrimmed1.7%
$JCITrimmed1.6%
$COFTrimmed0.8%
$DKSTrimmed0.7%
$AMZNTrimmed0.7%
$APGTrimmed0.7%
$AJGTrimmed0.4%
$STLATrimmed0.3%
$RALTrimmed0.2%
$ORICTrimmed0.2%
$RLYBTrimmed0%
$DKNGSold out
$RIOTSold out
$AMDSold out
$MASISold out
$LOWSold out
$BSXSold out
$DLRSold out
$ROSTSold out
$TWSold out
$FIGSold out
$ITUBSold out
$BACSold out
$CSGPSold out
$IQVSold out
$CHWYSold out
$UBSSold out
$SAIASold out
$UNHSold out

Holdings

StockMove% of portfolioValue
$V

VISA INC

Added
5.4%
$1.9B
$TSM

TAIWAN SEMICONDUCTOR MANUFAC

Trimmed
4.2%
$1.5B
$SCHW

SCHWAB CHARLES CORP

Added
3.9%
$1.4B
$DIS

DISNEY WALT CO

Added
3.6%
$1.3B
$FTV

FORTIVE CORP

Added
3.5%
$1.2B
$APD

AIR PRODUCTS AND CHEMICALS I

Trimmed
3.3%
$1.2B
$MCD

MCDONALDS CORP

Held
3.2%
$1.1B
$SHW

SHERWIN WILLIAMS CO

Held
2.8%
$998M
$TSLA

TESLA INC

Added
2.6%
$927M
$AAPL

APPLE INC

New buy
2.6%
$912M
$BBIO

BRIDGEBIO PHARMA INC

Trimmed
2.5%
$879M
$CVNA

CARVANA CO

Added
2.4%
$874M
$MSFT

MICROSOFT CORP

Trimmed
2.4%
$855M
$TMO

THERMO FISHER SCIENTIFIC INC

Added
2.3%
$820M
$JPM

JPMORGAN CHASE & CO

Added
2.2%
$795M
$CSX

CSX CORP

Added
2.1%
$767M
$ICE

INTERCONTINENTAL EXCHANGE IN

Held
2.1%
$761M
$LII

LENNOX INTL INC

Added
2%
$730M
$GOOGL

ALPHABET INC

Trimmed
1.9%
$689M
$FDX

FEDEX CORP

New buy
1.9%
$688M
$GM

GENERAL MTRS CO

Added
1.9%
$684M
$BA

BOEING CO

Trimmed
1.8%
$636M
$PNC

PNC FINL SVCS GROUP INC

Trimmed
1.8%
$630M
$TMUS

T-MOBILE US INC

Trimmed
1.7%
$623M
$META

META PLATFORMS INC

New buy
1.7%
$608M
$RRX

REGAL REXNORD CORPORATION

Held
1.6%
$589M
$MAA

MID-AMER APT CMNTYS INC

Added
1.6%
$586M
$JCI

JOHNSON CONTROLS INTERNATION

Trimmed
1.6%
$579M
$MDLN

MEDLINE INC

Added
1.4%
$509M
$HCA

HCA HEALTHCARE INC

Added
1.4%
$509M
$ATI

ATI INC

New buy
1.4%
$485M
$CLS

CELESTICA INC

Held
1.3%
$466M
$CPT

CAMDEN PPTY TR

Held
1.3%
$461M
$CB

CHUBB LTD SWITZ

Added
1.2%
$422M
$ADPT

ADAPTIVE BIOTECHNOLOGIES COR

Held
1.2%
$416M
$BMRN

BIOMARIN PHARMACEUTICAL INC

Added
1.1%
$399M
$SE

SEA LTD

Added
1.1%
$392M
$WAT

WATERS CORP

New buy
1%
$374M
$CCL

CARNIVAL CORP

Held
1%
$355M
$AON

AON PLC

Added
1%
$351M
$HAS

HASBRO INC

New buy
1%
$350M
$RDDT

REDDIT INC

New buy
1%
$344M
$PGR

PROGRESSIVE CORP

Added
0.9%
$320M
$AIG

AMERICAN INTL GROUP INC

New buy
0.9%
$318M
$COF

CAPITAL ONE FINL CORP

Trimmed
0.8%
$294M
$DKS

DICKS SPORTING GOODS INC

Trimmed
0.7%
$251M
$AMZN

AMAZON COM INC

Trimmed
0.7%
$249M
$AS

AMER SPORTS INC

Added
0.7%
$239M
$APG

API GROUP CORP

Trimmed
0.7%
$237M
$TIC

TIC SOLUTIONS INC

Held
0.7%
$236M
$CBOE

CBOE GLOBAL MKTS INC

New buy
0.5%
$193M
$ROIV

ROIVANT SCIENCES LTD

Held
0.5%
$184M
$HD

HOME DEPOT INC

New buy
0.5%
$166M
$AJG

GALLAGHER ARTHUR J & CO

Trimmed
0.4%
$158M
$LULU

LULULEMON ATHLETICA INC

New buy
0.4%
$150M
$NAMS

NEWAMSTERDAM PHARMA COMPANY

Held
0.4%
$135M
$ORKA

ORUKA THERAPEUTICS INC

Held
0.4%
$131M
$SION

SIONNA THERAPEUTICS INC

Held
0.4%
$128M
$STLA

STELLANTIS N.V

Trimmed
0.3%
$112M
$CRWV

COREWEAVE INC

New buy
0.3%
$108M
$MANE

VERADERMICS INC

New buy
0.3%
$107M
$WST

WEST PHARMACEUTICAL SVSC INC

Added
0.3%
$105M
$PHVS

PHARVARIS N V

Held
0.3%
$103M
$INBX

INHIBRX BIOSCIENCES INC

Held
0.3%
$97M
$IBKR

INTERACTIVE BROKERS GROUP IN

New buy
0.3%
$94M
$RAL

RALLIANT CORP

Trimmed
0.2%
$89M
$EW

EDWARDS LIFESCIENCES CORP

New buy
0.2%
$88M
$ORIC

ORIC PHARMACEUTICALS INC

Trimmed
0.2%
$74M
$DMRA

DAMORA THERAPEUTICS INC

New buy
0.2%
$60M
$TWLO

TWILIO INC

New buy
0.2%
$57M
$LAB

STANDARD BIOTOOLS INC

Held
0.2%
$54M
$TRVI

TREVI THERAPEUTICS INC

Held
0.1%
$38M
$DNA

GINKGO BIOWORKS HOLDINGS INC

Held
0.1%
$22M
$EQPT

EQUIPMENTSHARE COM INC

New buy
0.1%
$20M
$FPS

FORGENT POWER SOLUTIONS INC

New buy
0.1%
$19M
$PEPG

PEPGEN INC

Held
0%
$6M
$RLYB

RALLYBIO CORP

Trimmed
0%
$5M

Notable sell-outs this quarter: $DKNG, $RIOT, $AMD, $MASI, $LOW, $BSX, $DLR, $ROST, $TW, $FIG, $ITUB, $BAC, $CSGP, $IQV, $CHWY, $UBS, $SAIA, $UNH

Source: SEC 13F via FMP · Mar 2026 report · 45-day filing delay. Long equity positions only. Not financial advice.