Smart Money
AH

Andreas Halvorsen

Viking Global Investors·growth·Concentrated / activist
Accredited only

~19% since 1999

Portfolio value

$34.8B

Positions

82

Top 5 concentration

22%

New buys this quarter

31

Recent moves vs Mar 2026

$RACENew buy2.3%
$MSCINew buy1.9%
$UNPNew buy1.6%
$DLRNew buy1.2%
$CVSNew buy1.1%
$FDXFNew buy1%
$MSNew buy1%
$QCOMNew buy0.8%
$APTVNew buy0.8%
$AVBNew buy0.7%
$SNOWNew buy0.7%
$EQHNew buy0.7%
$TTWONew buy0.7%
$SPCXNew buy0.6%
$BCENew buy0.5%
$USFDNew buy0.5%
$UBSNew buy0.3%
$BTSGNew buy0.3%
$NTRANew buy0.3%
$DBNew buy0.2%
$CRBGNew buy0.2%
$SEDGNew buy0.2%
$BRKRNew buy0.2%
$CMENew buy0.1%
$TWNew buy0.1%
$INFQNew buy0.1%
$QNTNew buy0.1%
$FRVONew buy0.1%
$ALTNew buy0.1%
$TOLNew buy0.1%
$XENew buy0%
$APDAdded4%
$SHWAdded3.8%
$METAAdded3%
$TMOAdded2.8%
$JPMAdded2.7%
$AMZNAdded2.5%
$CVNAAdded2.3%
$MAAAdded2%
$FDXAdded1.9%
$WATAdded1.8%
$SEAdded1.6%
$BMRNAdded1.3%
$IBKRAdded1.2%
$AONAdded1.1%
$HDAdded0.9%
$TSMTrimmed4.4%
$FTVTrimmed3.5%
$SCHWTrimmed2.8%
$MCDTrimmed2.2%
$BBIOTrimmed2.1%
$DISTrimmed2%
$MSFTTrimmed1.6%
$RRXTrimmed1.4%
$GMTrimmed1.1%
$ICETrimmed1%
$RDDTTrimmed0.8%
$HASTrimmed0.7%
$DKSTrimmed0.7%
$TSLATrimmed0.7%
$ATITrimmed0.7%
$ROIVTrimmed0.6%
$ASTrimmed0.6%
$MANETrimmed0.6%
$MDLNTrimmed0.5%
$ORKATrimmed0.4%
$CBTrimmed0.4%
$INBXTrimmed0.3%
$COFTrimmed0.2%
$ORICTrimmed0.2%
$TRVITrimmed0.1%
$CBOESold out
$SIONSold out
$AJGSold out
$CLSSold out
$CSXSold out
$LULUSold out
$PNCSold out
$PEPGSold out
$PGRSold out
$RALSold out
$TMUSSold out
$WSTSold out
$GOOGLSold out
$AIGSold out
$APGSold out
$AAPLSold out
$CRWVSold out
$DMRASold out
$EWSold out
$EQPTSold out
$FPSSold out
$HCASold out
$RLYBSold out
$LABSold out
$STLASold out
$TWLOSold out

Holdings

StockMove% of portfolioValue
$V

VISA INC

Held
6.3%
$2.2B
$TSM

TAIWAN SEMICONDUCTOR MANUFAC

Trimmed
4.4%
$1.5B
$APD

AIR PRODUCTS AND CHEMICALS I

Added
4%
$1.4B
$SHW

SHERWIN WILLIAMS CO

Added
3.8%
$1.3B
$FTV

FORTIVE CORP

Trimmed
3.5%
$1.2B
$META

META PLATFORMS INC

Added
3%
$1.1B
$SCHW

SCHWAB CHARLES CORP

Trimmed
2.8%
$982M
$TMO

THERMO FISHER SCIENTIFIC INC

Added
2.8%
$971M
$JPM

JPMORGAN CHASE & CO

Added
2.7%
$949M
$LII

LENNOX INTL INC

Held
2.6%
$912M
$AMZN

AMAZON COM INC

Added
2.5%
$882M
$RACE

FERRARI N V

New buy
2.3%
$817M
$CVNA

CARVANA CO

Added
2.3%
$811M
$MCD

MCDONALDS CORP

Trimmed
2.2%
$765M
$BBIO

BRIDGEBIO PHARMA INC

Trimmed
2.1%
$741M
$BA

BOEING CO

Held
2%
$709M
$MAA

MID-AMER APT CMNTYS INC

Added
2%
$701M
$DIS

DISNEY WALT CO

Trimmed
2%
$689M
$FDX

FEDEX CORP

Added
1.9%
$674M
$MSCI

MSCI INC

New buy
1.9%
$650M
$ADPT

ADAPTIVE BIOTECHNOLOGIES COR

Held
1.9%
$643M
$WAT

WATERS CORP

Added
1.8%
$623M
$JCI

JOHNSON CONTROLS INTERNATION

Held
1.8%
$614M
$UNP

UNION PAC CORP

New buy
1.6%
$557M
$MSFT

MICROSOFT CORP

Trimmed
1.6%
$544M
$SE

SEA LTD

Added
1.6%
$543M
$CPT

CAMDEN PPTY TR

Held
1.5%
$517M
$RRX

REGAL REXNORD CORPORATION

Trimmed
1.4%
$501M
$BMRN

BIOMARIN PHARMACEUTICAL INC

Added
1.3%
$436M
$IBKR

INTERACTIVE BROKERS GROUP IN

Added
1.2%
$420M
$DLR

DIGITAL RLTY TR INC

New buy
1.2%
$415M
$CCL

CARNIVAL CORP LTD

Held
1.2%
$409M
$GM

GENERAL MTRS CO

Trimmed
1.1%
$386M
$AON

AON PLC

Added
1.1%
$382M
$CVS

CVS HEALTH CORP

New buy
1.1%
$379M
$FDXF

FEDEX FGHT HLDG CO INC

New buy
1%
$357M
$ICE

INTERCONTINENTAL EXCHANGE IN

Trimmed
1%
$342M
$MS

MORGAN STANLEY

New buy
1%
$339M
$HD

HOME DEPOT INC

Added
0.9%
$325M
$TIC

TIC SOLUTIONS INC

Held
0.8%
$290M
$QCOM

QUALCOMM INC

New buy
0.8%
$280M
$APTV

APTIV PLC

New buy
0.8%
$279M
$RDDT

REDDIT INC

Trimmed
0.8%
$272M
$HAS

HASBRO INC

Trimmed
0.7%
$257M
$AVB

AVALONBAY CMNTYS INC

New buy
0.7%
$253M
$DKS

DICKS SPORTING GOODS INC

Trimmed
0.7%
$251M
$SNOW

SNOWFLAKE INC

New buy
0.7%
$244M
$EQH

EQUITABLE HLDGS INC

New buy
0.7%
$237M
$TTWO

TAKE-TWO INTERACTIVE SOFTWAR

New buy
0.7%
$235M
$TSLA

TESLA INC

Trimmed
0.7%
$230M
$ATI

ATI INC

Trimmed
0.7%
$227M
$ROIV

ROIVANT SCIENCES LTD

Trimmed
0.6%
$222M
$SPCX

SPACE EXPLORATION TECHN CORP

New buy
0.6%
$205M
$AS

AMER SPORTS INC

Trimmed
0.6%
$201M
$MANE

VERADERMICS INC

Trimmed
0.6%
$192M
$MDLN

MEDLINE INC

Trimmed
0.5%
$191M
$BCE

BCE INC

New buy
0.5%
$181M
$USFD

US FOODS HLDG CORP

New buy
0.5%
$177M
$ORKA

ORUKA THERAPEUTICS INC

Trimmed
0.4%
$143M
$NAMS

NEWAMSTERDAM PHARMA COMPANY

Held
0.4%
$142M
$CB

CHUBB LIMITED

Trimmed
0.4%
$129M
$PHVS

PHARVARIS N V

Held
0.4%
$126M
$UBS

UBS GROUP AG

New buy
0.3%
$121M
$BTSG

BRIGHTSPRING HEALTH SVCS INC

New buy
0.3%
$113M
$INBX

INHIBRX BIOSCIENCES INC

Trimmed
0.3%
$106M
$NTRA

NATERA INC

New buy
0.3%
$106M
$DB

DEUTSCHE BK AG

New buy
0.2%
$85M
$COF

CAPITAL ONE FINL CORP

Trimmed
0.2%
$78M
$CRBG

COREBRIDGE FINL INC

New buy
0.2%
$77M
$SEDG

SOLAREDGE TECHNOLOGIES INC

New buy
0.2%
$64M
$ORIC

ORIC PHARMACEUTICALS INC

Trimmed
0.2%
$56M
$BRKR

BRUKER CORP

New buy
0.2%
$54M
$DNA

GINKGO BIOWORKS HOLDINGS INC

Held
0.1%
$35M
$CME

CME GROUP INC

New buy
0.1%
$34M
$TW

TRADEWEB MKTS INC

New buy
0.1%
$31M
$TRVI

TREVI THERAPEUTICS INC

Trimmed
0.1%
$29M
$INFQ

INFLEQTION INC

New buy
0.1%
$27M
$QNT

QUANTINUUM INC

New buy
0.1%
$25M
$FRVO

FERVO ENERGY CO

New buy
0.1%
$22M
$ALT

ALTIMMUNE INC

New buy
0.1%
$20M
$TOL

TOLL BROTHERS INC

New buy
0.1%
$18M
$XE

X-ENERGY INC

New buy
0%
$13M

Notable sell-outs this quarter: $CBOE, $SION, $AJG, $CLS, $CSX, $LULU, $PNC, $PEPG, $PGR, $RAL, $TMUS, $WST, $GOOGL, $AIG, $APG, $AAPL, $CRWV, $DMRA, $EW, $EQPT, $FPS, $HCA, $RLYB, $LAB, $STLA, $TWLO

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