Viking Global exits Apple and Alphabet, slashes Tesla, while boosting Meta and Amazon stakes

During the second quarter of 2026, Viking Global Investors LP significantly reshuffled its $35.08 billion portfolio, highlighted by major reallocations across mega-cap technology and communications holdings. The fund completely liquidated its stakes in Apple ($911.88M prior) and Alphabet ($688.95M prior), while trimming Tesla by 78% to $230.41M and Microsoft by 37% to $544.09M. Conversely, Viking substantially bolstered other major tech positions, expanding Meta Platforms by 76% to $1.05B and Amazon by 210% to $882.06M.

Several large new positions were initiated during the quarter. The largest new additions included Ferrari at $816.92M (2.3% of the reported portfolio), MSCI Inc at $650.03M (1.9%), and Union Pacific at $556.87M (1.6%). The fund also initiated new stakes in Digital Realty Trust ($414.92M), Carnival Corp Ltd ($408.55M), CVS Health ($378.97M), FedEx Freight Holding ($357.36M), and Morgan Stanley ($339.19M).

Beyond technology, the quarter saw notable exits and trims across industrials, financials, and consumer sectors. Viking fully closed out positions in CSX Corp ($766.73M prior), PNC Financial Services ($629.91M prior), T-Mobile US ($623.24M prior), and HCA Healthcare ($508.80M prior). In addition, the fund reduced holdings in Walt Disney (-46% to $689.00M), Charles Schwab (-27% to $981.65M), and Intercontinental Exchange (-43% to $341.89M), while raising its position in Sherwin-Williams by 25% to $1.33B.

Position changes