VF
Viking Fund Management LLC's 13F Portfolio ($1.1B, Q2 2026)
Viking Fund Management LLCCIK: 0001169069
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$1.1B
Reporting period: 2026-06-30 · Number of holdings: 146
VIKING FUND MANAGEMENT LLC disclosed 146 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.1B and a quarterly turnover rate of 26.7%.
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Personality snowflake
- Concentration
- 5.57
- Portfolio Stability
- 26.65
- Momentum
- 100
- Sector conviction
- 43.19
- Diversification
- 100
- Sizing Uniformity
- 89.81
Viking Fund Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.014 — mathematically equivalent to about 72 equally-sized positions, well below its 146 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.02), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out XOM
Add DELL
-9.3% $9.8M
New buy EMN
Trim TRP
-15.1% -$3.3M
Add HPE
-9.1% $9.5M
Add GPC
+60.0% $8.3M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AVGO | Broadcom Inc | Stock-Tech | 3.70% | +0.24% | +0.46% | |
| 2 | GLW | Corning Inc | Stock-Tech | 2.97% | +0.39% | -29.73% | |
| 3 | CVX | Chevron CORP | Stock-Energy | 2.87% | -0.56% | +19.81% | |
| 4 | TRP | Tc Energy CORP | Stock-Energy | 2.67% | -0.73% | -15.09% | |
| 5 | ABBV | Abbvie Inc | Stock-Healthcare | 2.48% | +0.47% | +22.22% | |
| 6 | WMB | Williams Cos Inc | Stock-Energy | 2.36% | +0.57% | +47.50% | |
| 7 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 2.29% | -0.03% | +18.77% | |
| 8 | NEE | Nextera Energy Inc | Stock-Utilities | 2.26% | -0.45% | +0.81% | |
| 9 | HPE | Hewlett Packard Enterprise | Stock-Tech | 2.02% | +0.68% | -9.09% | |
| 10 | ETR | Entergy CORP | Stock-Utilities | 2.00% | -0.36% | -5.37% | |
| 11 | XEL | Xcel Energy Inc | Stock-Utilities | 1.87% | -0.25% | — | |
| 12 | MS | Morgan Stanley | Stock-Financials | 1.78% | +0.18% | — | |
| 13 | GPC | Genuine Parts Co | Stock-Consumer Disc | 1.69% | +0.61% | +60.00% | |
| 14 | PEP | Pepsico Inc | Stock-Consumer Staples | 1.69% | -0.52% | — | |
| 15 | KMB | Kimberly-clark CORP | Stock-Consumer Staples | 1.57% | +0.55% | +55.34% | |
| 16 | MKC | Mccormick & Co-non Vtg Shrs | Stock-Consumer Staples | 1.51% | +0.48% | +67.50% | |
| 17 | DELL | Dell Technologies -c | Stock-Tech | 1.51% | +0.79% | -9.30% | |
| 18 | VZ | Verizon Communications Inc | Stock-Comm Services | 1.39% | -0.50% | — | |
| 19 | FITB | Fifth Third Bancorp | Stock-Financials | 1.36% | +0.41% | +35.00% | |
| 20 | BAC | Bank Of America CORP | Stock-Financials | 1.33% | +0.23% | +18.18% | |
| 21 | PRU | Prudential Financial Inc | Stock-Financials | 1.30% | +0.05% | +8.00% | |
| 22 | MO | Altria Group Inc | Stock-Consumer Staples | 1.30% | -0.07% | — | |
| 23 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.29% | -0.04% | — | |
| 24 | PSX | Phillips 66 | Stock-Energy | 1.29% | -0.30% | — | |
| 25 | BTI | British American Tob-sp Adr | Stock-Consumer Staples | 1.27% | +0.01% | +9.52% | |
| 26 | AFG | American Financial Group Inc | Stock-Financials | 1.27% | -0.05% | — | |
| 27 | IBM | Intl Business Machines CORP | Stock-Tech | 1.26% | +0.59% | +85.19% | |
| 28 | C | Citigroup Inc | Stock-Financials | 1.23% | +0.09% | — | |
| 29 | T | At&t Inc | Stock-Comm Services | 1.21% | -0.50% | +13.91% | |
| 30 | SHEL | Shell Plc-adr | Stock-Energy | 1.19% | -0.34% | +7.50% | |
| 31 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.18% | +0.14% | — | |
| 32 | QCOM | Qualcomm Inc | Stock-Tech | 1.17% | +0.18% | -5.47% | |
| 33 | NVO | Novo-nordisk A/s-spons Adr | Stock-Healthcare | 1.16% | +0.14% | — | |
| 34 | LNG | Cheniere Energy Inc | Stock-Energy | 1.16% | -0.15% | +20.00% | |
| 35 | MRK | Merck & Co. Inc. | Stock-Healthcare | 1.15% | -0.08% | — | |
| 36 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.05% | -0.13% | — | |
| 37 | TTE | TotalEnergies SE | Stock-Other | 1.04% | +0.11% | +50.00% | |
| 38 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.98% | -0.07% | — | |
| 39 | DOCN | Digitalocean Holdings Inc | Stock-Tech | 0.96% | +0.30% | -9.33% | |
| 40 | AMD | Advanced Micro Devices | Stock-Tech | 0.88% | +0.53% | — | |
| 41 | HD | Home Depot Inc | Stock-Consumer Disc | 0.88% | -0.06% | — | |
| 42 | FANG | Diamondback Energy Inc | Stock-Energy | 0.87% | -0.25% | — | |
| 43 | TXN | Texas Instruments Inc | Stock-Tech | 0.85% | +0.21% | — | |
| 44 | KLAC | Kla CORP | Stock-Tech | 0.81% | +0.36% | +900.00% | |
| 45 | EMN | Eastman Chemical Co | Stock-Materials | 0.78% | +0.78% | NEW | |
| 46 | LRCX | Lam Research CORP | Stock-Tech | 0.78% | +0.34% | — | |
| 47 | EVRG | Evergy Inc | Stock-Utilities | 0.77% | -0.07% | — | |
| 48 | TRGP | Targa Resources CORP | Stock-Energy | 0.77% | -0.52% | -36.00% | |
| 49 | EXE | Expand Energy CORP | Stock-Energy | 0.76% | -0.23% | +5.68% | |
| 50 | ALL | Allstate CORP | Stock-Financials | 0.75% | +0.01% | — |
1–50 of 146
Portfolio Performance
Performance for Q3 2026
+3.9%
Performance Last 4 Quarters
+31.9%
- Stdev
- +10.9%
- Beta
- +0.63
- Alpha
- +8.4%
- Max Drawdown
- -6.2%
- Annualized Perf
- +22.4%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +4.3
- Stutzer
- +0.56
- Treynor
- +0.33
- Sterling
- +1.65
- Calmar
- +3.6
- Information Ratio
- +0.11
- Tracking Error
- +8.7%
- Stdev Down
- +4.9%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +43.2%
- Worst 12 Months
- +9.4%
- Efficiency Ratio
- +0.76
- Sharpe
- +1.93
- Stdev Sectors
- +6.6%
- Skewness
- -0.31
- Kurtosis
- -0.94
- Upside Potential
- +5.92
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 146 | $1.1B | 27 | ||
| 2026 Q1 | 142 | $975.6M | 34 | ||
| 2025 Q4 | 137 | $862.8M | 16 | ||
| 2025 Q3 | 141 | $827.4M | 38 | ||
| 2025 Q2 | 143 | $728.0M | 0 | ||
| 2025 Q1 | 140 | $693.6M | 100 | ||
| 2024 Q4 | 132 | $642.3M | 0 | ||
| 2024 Q3 | 131 | $615.5M | 0 | ||
| 2024 Q2 | 126 | $558.5M | 0 | ||
| 2024 Q1 | 123 | $552.6M | 0 | ||
| 2023 Q4 | 118 | $513.9M | 0 | ||
| 2023 Q3 | 116 | $496.1M | 0 | ||
| 2023 Q2 | 121 | $528.3M | 0 | ||
| 2023 Q1 | 110 | $519.4M | 0 | ||
| 2022 Q4 | 111 | $504.0M | 0 | ||
| 2022 Q3 | 112 | $424.0M | 0 | ||
| 2022 Q2 | 119 | $432.1M | 0 | ||
| 2022 Q1 | 117 | $439.3M | 0 | ||
| 2021 Q4 | 109 | $379.7M | 0 | ||
| 2021 Q3 | 112 | $345.6M | 0 | ||
| 2021 Q2 | 112 | $350.4M | 100 | ||
| 2021 Q1 | 119 | $335.2M | 35 | ||
| 2020 Q4 | 118 | $310.8M | 31 | ||
| 2020 Q3 | 118 | $269.1M | 32 | ||
| 2020 Q2 | 121 | $270.3M | 38 | ||
| 2020 Q1 | 118 | $227.4M | 70 | ||
| 2019 Q4 | 113 | $356.0M | 16 | ||
| 2019 Q3 | 117 | $349.9M | 33 | ||
| 2019 Q2 | 116 | $376.6M | 42 | ||
| 2019 Q1 | 116 | $401.9M | 36 | ||
| 2018 Q4 | 119 | $358.8M | 41 | ||
| 2018 Q3 | 127 | $488.6M | 36 | ||
| 2018 Q2 | 126 | $519.9M | 39 | ||
| 2018 Q1 | 122 | $527.4M | 33 | ||
| 2017 Q4 | 125 | $612.4M | 20 | ||
| 2017 Q3 | 125 | $627.4M | 22 | ||
| 2017 Q2 | 129 | $651.8M | 37 | ||
| 2017 Q1 | 128 | $747.3M | 31 | ||
| 2016 Q4 | 121 | $789.6M | 41 | ||
| 2016 Q3 | 49 | $609.6M | 32 | ||
| 2016 Q2 | 44 | $576.9M | 38 | ||
| 2016 Q1 | 41 | $521.3M | 34 | ||
| 2015 Q4 | 45 | $506.8M | 51 | ||
| 2015 Q3 | 46 | $570.0M | 40 | ||
| 2015 Q2 | 52 | $754.6M | 27 | ||
| 2015 Q1 | 54 | $764.8M | 33 | ||
| 2014 Q4 | 55 | $706.7M | 66 | ||
| 2014 Q3 | 53 | $900.5M | 34 | ||
| 2014 Q2 | 53 | $884.2M | 35 | ||
| 2014 Q1 | 54 | $718.0M | 28 | ||
| 2013 Q4 | 46 | $655.0M | 39 | ||
| 2013 Q3 | 45 | $565.3M | 38 | ||
| 2013 Q2 | 47 | $544.3M | — |
Holding changes this quarter
Viking Fund Management LLC's most significant position changes for 2026-06-30: New buy: Eastman Chemical Co (EMN); Sold out: Exxon Mobil CORP (XOM); New buy: ; New buy: Devon Energy CORP (DVN); Sold out: Kenvue Inc (KVUE).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DELL | Dell Technologies -c | +0.8% | -9.30% | Trim |
| 2 | EMN | Eastman Chemical Co | +0.8% | NEW | New buy |
| 3 | HPE | Hewlett Packard Enterprise | +0.7% | -9.09% | Trim |
| 4 | GPC | Genuine Parts Co | +0.6% | +60.00% | Add |
| 5 | ✓ | +0.6% | NEW | New buy | |
| 6 | IBM | Intl Business Machines CORP | +0.6% | +85.19% | Add |
| 7 | WMB | Williams Cos Inc | +0.6% | +47.50% | Add |
| 8 | DVN | Devon Energy CORP | +0.6% | NEW | New buy |
| 9 | KMB | Kimberly-clark CORP | +0.6% | +55.34% | Add |
| 10 | AMD | Advanced Micro Devices | +0.5% | — | Unchanged |
| 11 | MKC | Mccormick & Co-non Vtg Shrs | +0.5% | +67.50% | Add |
| 12 | ABBV | Abbvie Inc | +0.5% | +22.22% | Add |
| 13 | FITB | Fifth Third Bancorp | +0.4% | +35.00% | Add |
| 14 | GLW | Corning Inc | +0.4% | -29.73% | Trim |
| 15 | KLAC | Kla CORP | +0.4% | +900.00% | Add |
| 16 | LRCX | Lam Research CORP | +0.3% | — | Unchanged |
| 17 | DOCN | Digitalocean Holdings Inc | +0.3% | -9.33% | Trim |
| 18 | AVGO | Broadcom Inc | +0.2% | +0.46% | Add |
| 19 | BAC | Bank Of America CORP | +0.2% | +18.18% | Add |
| 20 | FLEX | Flex Ltd. | +0.2% | NEW | New buy |
| 21 | TXN | Texas Instruments Inc | +0.2% | — | Unchanged |
| 22 | TK | Teekay Corporation Ltd. | +0.2% | NEW | New buy |
| 23 | AD | Array Digital Infrastructure | +0.2% | NEW | New buy |
| 24 | VST | Vistra CORP | +0.2% | +75.00% | Add |
| 25 | MS | Morgan Stanley | +0.2% | — | Unchanged |
| 26 | QCOM | Qualcomm Inc | +0.2% | -5.47% | Trim |
| 27 | PANW | Palo Alto Networks Inc | +0.2% | — | Unchanged |
| 28 | CEG | Constellation Energy | +0.2% | NEW | New buy |
| 29 | GPOR | Gulfport Energy CORP | +0.2% | NEW | New buy |
| 30 | LLY | Eli Lilly & Co | +0.1% | — | Unchanged |
| 31 | NVO | Novo-nordisk A/s-spons Adr | +0.1% | — | Unchanged |
| 32 | NRG | Nrg Energy Inc | +0.1% | +51.92% | Add |
| 33 | TTE | TotalEnergies SE | +0.1% | +50.00% | Add |
| 34 | C | Citigroup Inc | +0.1% | — | Unchanged |
| 35 | CAT | Caterpillar Inc | +0.1% | — | Unchanged |
| 36 | ✓ | +0.1% | NEW | New buy | |
| 37 | PRU | Prudential Financial Inc | +0.1% | +8.00% | Add |
| 38 | GOOGL | Alphabet Inc-cl A | +0.1% | — | Unchanged |
| 39 | UNH | Unitedhealth Group Inc | +0.1% | — | Unchanged |
| 40 | ✓ | +0.1% | NEW | New buy | |
| 41 | UNM | Unum Group | 0% | — | Unchanged |
| 42 | CSCO | Cisco Systems Inc | 0% | — | Unchanged |
| 43 | GEV | GE Vernova Inc | 0% | — | Unchanged |
| 44 | ING | Ing Groep N.v.-sponsored Adr | 0% | NEW | New buy |
| 45 | BBY | Best Buy Co Inc | 0% | — | Unchanged |
| 46 | NET | Cloudflare Inc - Class A | 0% | — | Unchanged |
| 47 | BMI | Badger Meter Inc | 0% | +25.00% | Add |
| 48 | GNRC | Generac Holdings Inc | 0% | — | Unchanged |
| 49 | BTI | British American Tob-sp Adr | 0% | +9.52% | Add |
| 50 | ALL | Allstate CORP | 0% | — | Unchanged |
1–50 of 154
Filing History
FAQ
What is Viking Fund Management LLC and what type of investor is it?
Viking Fund Management LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $1.1B, spread across 146 disclosed positions.
What are Viking Fund Management LLC's largest equity positions?
Based on the latest 13F filing, Viking Fund Management LLC's top holdings by market value are:
1. Broadcom Inc (AVGO) — $41.4M (3.7%)
2. Corning Inc (GLW) — $33.2M (3.0%)
3. Chevron CORP (CVX) — $32.1M (2.9%)
4. Tc Energy CORP (TRP) — $29.8M (2.7%)
5. Abbvie Inc (ABBV) — $27.7M (2.5%)
What changes did Viking Fund Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Viking Fund Management LLC made 69 notable position adjustments: 12 new positions were initiated, 29 existing holdings were added to, 20 positions were partially reduced, and 8 were completely exited. The largest of these moves: New buy: Eastman Chemical Co (EMN); Sold out: Exxon Mobil CORP (XOM); New buy: ; New buy: Devon Energy CORP (DVN); Sold out: Kenvue Inc (KVUE)
What sectors does Viking Fund Management LLC focus on?
Viking Fund Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 21.8%
• Energy: 20.4%
• Financials: 13.9%
• Consumer Staples: 10.4%
• Health Care: 10.1%
• Utilities: 9.3%
Investment Profile
Viking Fund Management LLC returned an annualized 22.4% over the trailing 36 months — outperforming the S&P 500 by 8.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.63 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active.
Its turnover score has risen from 0 to 27 over the past 4 quarters — a shift toward more active trading.
It has added to its WMB position over the past two quarters (+$23.9M, now $26.3M), while trimming PR over the same stretch (-$2.1M, still holding $7.6M).
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Developer Access
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