Andreas Halvorsen - Viking Global Investors
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    77
Portfolio value:    $35,748,670,967
Holdings Activity Buys Sells    History
History Stock % of
Portfolio
Recent
Activity
Shares Avg. Buy
Price*
Value Current
Price
+/-
Since
Buy
52
Week
Low
52
Week
High
V - Visa Inc. 5.35 Add 58.83% 6,328,185 $311.47 $1,912,630,634 $357.75 14.86% $293.28 $365.02
TSM - Taiwan Semiconductor 4.22 Reduce 9.15% 4,465,127 $214.37 $1,508,989,670 $421.58 96.66% $221.25 $479.00
SCHW - The Charles Schwab Corp. 3.86 Add 5.71% 14,664,954 $75.65 $1,378,212,377 $102.38 35.33% $83.96 $106.76
DIS - The Walt Disney Co. 3.59 Add 18.81% 13,298,462 $115.77 $1,281,705,768 $96.00 -17.08% $91.49 $121.64
FTV - Fortive Corp. 3.48 Add 16.91% 22,479,388 $52.94 $1,242,660,569 $62.31 17.71% $46.14 $64.33
APD - Air Products and Chemicals, Inc. 3.33 Reduce 14.19% 4,104,095 $270.93 $1,192,198,557 $301.96 11.45% $224.64 $314.87
MCD - McDonald's Corp. 3.15 Add 0.16% 3,625,029 $300.32 $1,126,622,763 $272.61 -9.23% $264.53 $337.56
SHW - The Sherwin-Williams Co. 2.79 Reduce 1.88% 3,112,767 $345.46 $997,797,462 $328.97 -4.77% $289.86 $376.95
TSLA - Tesla, Inc. 2.59 Add 46.70% 2,493,561 $357.39 $926,981,302 $394.76 10.46% $297.82 $498.83
AAPL - Apple Inc. 2.55 Buy 3,593,057 $253.79 $911,881,936 $317.31 25.03% $200.70 $323.45
BBIO - BridgeBio Pharma, Inc. 2.46 Reduce 17.73% 11,842,434 $26.97 $879,419,149 $83.08 208.05% $42.09 $93.42
CVNA - Carvana Co. 2.44 Add 161.89% 13,900,175 $60.70 $873,987,403 $64.99 7.06% $54.46 $97.38
MSFT - Microsoft Corp. 2.39 Reduce 28.23% 2,309,446 $509.54 $854,887,626 $390.99 -23.27% $349.20 $551.05
TMO - Thermo Fisher Scientific Inc. 2.29 Add 110.29% 1,668,025 $533.34 $819,884,328 $528.51 -0.91% $401.89 $642.71
JPM - JPMorgan Chase & Co. 2.23 Add 41.87% 2,704,018 $274.22 $795,413,935 $334.53 21.99% $276.43 $341.91
CSX - CSX Corp. 2.14 Add 35.18% 18,678,052 $34.72 $766,734,035 $49.64 42.98% $31.48 $49.90
ICE - Intercontinental Exchange, Inc. 2.13 Add 0.70% 4,836,896 $161.93 $760,747,003 $137.67 -14.98% $121.79 $186.96
LII - Lennox International Inc. 2.04 Add 153.08% 1,572,419 $472.61 $729,806,830 $551.18 16.63% $431.75 $682.27
GOOGL - Alphabet Inc. 1.93 Reduce 10.14% 2,395,865 $313.00 $688,954,939 $352.51 12.62% $175.98 $408.37
FDX - FedEx Corp. 1.93 Buy 1,932,165 $287.01 $688,198,530 $313.74 9.31% $170.81 $344.08
GM - General Motors Co. 1.91 Add 34.83% 9,176,943 $55.77 $683,682,254 $76.72 37.56% $48.43 $87.22
BA - The Boeing Co. 1.78 Reduce 19.15% 3,196,041 $187.92 $636,108,040 $215.51 14.68% $176.77 $254.35
PNC - The PNC Financial Services Group, Inc. 1.76 Reduce 58.46% 3,027,092 $196.60 $629,907,574 $252.85 28.61% $174.19 $256.00
TMUS - T-Mobile US, Inc. 1.74 Reduce 20.96% 2,967,374 $228.65 $623,237,561 $188.41 -17.60% $165.66 $256.72
META - Meta Platforms, Inc. 1.70 Buy 1,062,575 $572.13 $607,931,035 $656.73 14.79% $519.78 $793.65
RRX - Regal Rexnord Corp. 1.65 Reduce 2.52% 3,142,851 $130.29 $588,530,278 $208.45 60.00% $127.19 $247.80
MAA - Mid-America Apartment Communities, Inc. 1.64 Add 23.67% 4,798,404 $136.15 $585,981,096 $135.89 -0.19% $118.84 $148.66
JCI - Johnson Controls International plc 1.62 Reduce 25.32% 4,419,923 $109.03 $578,788,917 $143.93 32.01% $101.50 $151.18
MDLN - Medline Inc. 1.42 Add 64.30% 11,433,992 $42.98 $508,812,644 $40.58 -5.58% $32.81 $50.88
HCA - HCA Healthcare, Inc. 1.42 Add 7.60% 1,075,133 $338.30 $508,795,941 $390.74 15.50% $327.78 $554.58
ATI - ATI Inc. 1.36 Buy 3,332,843 $145.46 $484,795,343 $183.75 26.32% $70.42 $205.31
CLS - Celestica Inc. 1.30 Reduce 2.60% 1,654,989 $246.38 $466,177,302 $345.18 40.10% $153.11 $474.03
CPT - Camden Property Trust 1.29 Reduce 1.03% 4,715,394 $107.52 $460,505,378 $114.19 6.20% $94.30 $119.81
CB - Chubb Ltd. 1.18 Add 27.73% 1,295,011 $315.12 $422,082,935 $354.74 12.57% $262.50 $365.29
ADPT - Adaptive Biotechnologies Corp. 1.16 29,993,708 $48.30 $416,312,667 $21.02 -56.48% $9.95 $22.80
BMRN - BioMarin Pharmaceutical Inc. 1.12 Add 16.98% 7,062,077 $74.69 $398,936,730 $59.20 -20.74% $49.26 $66.28
SE - Sea Ltd. 1.10 Add 29.02% 4,737,196 $119.37 $392,287,201 $110.66 -7.30% $77.05 $199.30
WAT - Waters Corp. 1.05 Buy 1,256,462 $297.80 $374,174,384 $373.22 25.33% $275.05 $414.15
CCL - Carnival Corp. Ltd. 0.99 Reduce 2.42% 13,721,348 $30.54 $355,108,486 $26.61 -12.87% $23.33 $33.67
AON - Aon plc 0.98 Add 38.72% 1,087,114 $347.14 $350,898,657 $367.35 5.82% $303.79 $379.20
HAS - Hasbro, Inc. 0.98 Buy 3,738,902 $93.60 $349,961,227 $79.53 -15.03% $67.83 $105.38
RDDT - Reddit, Inc. 0.96 Buy 2,551,617 $134.65 $343,575,229 $200.93 49.22% $119.27 $282.95
PGR - The Progressive Corp. 0.90 Add 21.41% 1,616,559 $222.52 $320,466,656 $234.48 5.37% $187.78 $239.38
AIG - American International Group, Inc. 0.89 Buy 4,221,223 $75.25 $317,647,031 $79.90 6.18% $70.36 $86.21
COF - Capital One Financial Corp. 0.82 Reduce 45.39% 1,612,374 $191.93 $294,145,389 $203.02 5.78% $174.23 $257.54
DKS - DICK'S Sporting Goods, Inc. 0.70 Reduce 50.87% 1,264,170 $197.97 $250,672,269 $216.10 9.16% $184.42 $244.38
AMZN - Amazon.com, Inc. 0.70 Reduce 61.77% 1,195,428 $230.82 $248,971,790 $247.31 7.14% $196.00 $278.56
AS - Amer Sports, Inc. 0.67 Add 51.02% 7,270,476 $32.80 $239,344,070 $34.15 4.12% $28.92 $42.76
APG - APi Group Corp. 0.66 Reduce 49.41% 5,837,000 $8.27 $236,515,240 $41.40 400.77% $33.40 $49.99
TIC - TIC Solutions, Inc. 0.66 Add 4.26% 35,824,562 $10.93 $235,725,618 $7.12 -34.88% $6.36 $14.94
CBOE - Cboe Global Markets, Inc. 0.54 Buy 688,417 $281.07 $193,493,366 $277.13 -1.40% $227.15 $370.40
ROIV - Roivant Sciences Ltd. 0.52 Add 3.25% 6,652,448 $10.63 $184,272,810 $34.51 224.52% $10.90 $37.00
HD - The Home Depot, Inc. 0.46 Buy 504,257 $328.89 $165,845,085 $337.11 2.50% $286.95 $418.06
AJG - Arthur J. Gallagher & Co. 0.44 Reduce 30.12% 727,441 $258.79 $157,549,172 $261.23 0.94% $190.12 $313.18
LULU - lululemon athletica inc. 0.42 Buy 980,568 $153.10 $150,124,961 $120.30 -21.42% $104.44 $236.19
NAMS - NewAmsterdam Pharma Co. N.V. 0.38 4,203,567 $10.79 $134,556,180 $33.28 208.52% $20.53 $42.21
ORKA - Oruka Therapeutics, Inc. 0.37 2,666,690 $19.23 $130,801,145 $84.56 339.73% $12.84 $97.78
SION - Sionna Therapeutics, Inc. 0.36 3,195,181 $10.98 $128,094,806 $43.95 300.17% $16.38 $48.44
STLA - Stellantis N.V. 0.31 Reduce 59.09% 15,980,268 $11.12 $111,914,533 $5.57 -49.90% $5.25 $12.22
CRWV - CoreWeave, Inc. 0.30 Buy 1,397,438 $77.47 $108,259,522 $83.31 7.54% $63.80 $153.20
MANE - Veradermics, Inc. 0.30 Buy 1,690,555 $63.15 $106,758,548 $110.18 74.47% $32.00 $131.24
WST - West Pharmaceutical Services, Inc. 0.29 Add 41.32% 416,948 $267.98 $104,503,847 $359.70 34.23% $206.12 $367.66
PHVS - Pharvaris N.V. 0.29 3,653,310 $24.36 $103,206,008 $35.07 43.99% $19.12 $36.60
INBX - Inhibrx Biosciences, Inc. 0.27 1,437,705 $19.26 $96,656,907 $92.17 378.45% $20.48 $155.29
IBKR - Interactive Brokers Group, Inc. 0.26 Buy 1,394,329 $67.07 $93,517,646 $93.56 39.50% $57.91 $97.84
RAL - Ralliant Corp. 0.25 Reduce 32.50% 2,134,899 $48.49 $88,790,449 $67.05 38.28% $37.20 $75.41
EW - Edwards Lifesciences Corp. 0.25 Buy 1,097,578 $80.08 $87,894,046 $91.79 14.62% $72.30 $96.29
ORIC - ORIC Pharmaceuticals, Inc. 0.21 Reduce 11.38% 5,824,533 $10.72 $73,796,833 $10.46 -2.38% $7.23 $14.93
DMRA - Damora Therapeutics, Inc. 0.17 Buy 2,311,082 $25.90 $59,857,024 $28.00 8.11% $2.45 $38.33
TWLO - Twilio Inc. 0.16 Buy 450,770 $125.82 $56,715,881 $218.24 73.45% $91.84 $238.48
LAB - Standard BioTools Inc. 0.15 58,651,170 $2.71 $53,918,021 $0.85 -68.68% $0.70 $1.72
TRVI - Trevi Therapeutics, Inc. 0.11 3,198,644 $6.86 $38,159,823 $16.52 140.80% $6.50 $20.15
DNA - Ginkgo Bioworks Holdings, Inc. 0.06 3,577,128 $124.50 $21,927,795 $9.05 -92.73% $5.37 $17.58
EQPT - EquipmentShare.com Inc. 0.06 Buy 1,000,000 $20.37 $20,370,000 $16.83 -17.40% $15.95 $35.50
FPS - Forgent Power Solutions, Inc. 0.05 Buy 650,000 $29.27 $19,025,500 $42.60 45.54% $25.95 $66.00
PEPG - PepGen Inc. 0.02 3,482,434 $6.88 $6,163,908 $2.44 -64.54% $1.01 $7.80
RLYB - Rallybio Corp. 0.01 524,347 $140.64 $4,703,393 $15.89 -88.70% $3.09 $17.57
* Avg. Buy Price is an estimated cost basis: the share-weighted average of the quarter-end prices reported when this manager first bought or later added to the position (average-cost method, reset after a full exit). 13F filings disclose only quarter-end holdings, not actual trade prices, so this approximates — but does not exactly equal — what was paid.
Sector % analysis
Financial Services 21.33
Consumer Cyclical 16.44
Healthcare 14.66
Technology 14.65
Industrials 13.94
Communication Services 9.92
Basic Materials 6.13
Real Estate 2.93