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Andreas Halvorsen's Viking Global made its widest change set in memory in Q2 2026 ($35.1B, 90 names, top holding Visa at just 6.3%): 35 new positions, including SpaceX (SPCX via SPV), MSCI, Union Pacific, Digital Realty, Carnival, CVS, FedEx, Morgan Stanley, Qualcomm, Aptiv, Snowflake, Take-Two, UBS, Deutsche Bank, Corebridge, CME, Tradeweb, Ferrari, Toll Brothers and Natera. Existing positions Air Products (+15.5%), Sherwin-Williams (+24.5%), Meta (+75.8%), Thermo Fisher (+16.2%), JPMorgan (+7.2%), Amazon (+209.6%) and Carvana (+343.2%) were built up. Meanwhile 22 exits included Apple, Alphabet A, PNC, T-Mobile, Stellantis, West Pharma, CoreWeave, Progressive, HCA, Edwards Lifesciences and Lululemon (~$6.9B), and Microsoft was trimmed -36.8%.
| Ticker | Company | Value | Shares | % of book | |
|---|---|---|---|---|---|
| RACE | Ferrari | $816.9M | 2.2M shares | 2.3% | |
| MSCI | MSCI Inc | $650M | 1.2M shares | 1.9% | |
| UNP | Union Pacific | $556.9M | 2M shares | 1.6% | |
| DLR | Digital Realty | $414.9M | 2.3M shares | 1.2% | |
| CCL | Carnival | $408.5M | 14.3M shares | 1.2% | |
| CVS | CVS Health |
| $379M |
| 3.7M shares |
| 1.1% |
| FDXF | FedEx | $357.4M | 2.4M shares | 1.0% |
| MS | Morgan Stanley | $339.2M | 1.6M shares | 1.0% |
| QCOM | Qualcomm | $279.8M | 1.5M shares | 0.8% |
| APTV | Aptiv | $279.5M | 4.6M shares | 0.8% |
| AVB | AvalonBay | $252.8M | 1.3M shares | 0.7% |
| SNOW | Snowflake | $244.4M | 960.1K shares | 0.7% |
| EQH | Equitable Holdings | $236.9M | 5.4M shares | 0.7% |
| TTWO | Take-Two Interactive | $235.1M | 940.6K shares | 0.7% |
| SPCX | SpaceX (private, via SPV) | $205M | 1.2M shares | 0.6% |
| BCE | BCE Inc | $180.6M | 8.4M shares | 0.5% |
| USFD | US Foods | $177.3M | 1.7M shares | 0.5% |
| UBS | UBS Group | $120.8M | 2.4M shares | 0.3% |
| BTSG | BrightSpring Health | $112.9M | 1.6M shares | 0.3% |
| NTRA | Natera | $106.1M | 390.7K shares | 0.3% |
| DB | Deutsche Bank | $85M | 2.5M shares | 0.2% |
| CRBG | Corebridge Financial | $76.7M | 2.7M shares | 0.2% |
| SEDG | SolarEdge | $63.6M | 1.1M shares | 0.2% |
| BRKR | Bruker | $53.8M | 893.5K shares | 0.2% |
| CME | CME Group | $33.8M | 153K shares | 0.1% |
| TW | Tradeweb | $31.3M | 314.2K shares | 0.1% |
| INFQ | InfluenceQ | $27.1M | 2M shares | 0.1% |
| ARTV | Artiva Bio | $25.3M | 2.6M shares | 0.1% |
| QNT | Quanterix | $25M | 306.1K shares | 0.1% |
| FRVO | Frontview | $21.9M | 750K shares | 0.1% |
| ALT | Altimmune | $20.4M | 6.7M shares | 0.1% |
| TOL | Toll Brothers | $18.1M | 109.9K shares | 0.1% |
| DPC | DPC | $15M | 306.1K shares | 0.0% |
| XE | XE Corp | $13.1M | 714.3K shares | 0.0% |
| AZUL | Azul SA | $12.1M | 1.3M shares | 0.0% |
| Ticker | Name | Note |
|---|---|---|
| AAPL | Apple | exited Apple outright - first time in years |
| CSX | CSX Corp | |
| GOOGL | Alphabet Class A | exited GOOGL (Class A) fully; no GOOG C-share replacement |
| PNC | PNC Financial | |
| TMUS | T-Mobile US | |
| HCA | HCA Healthcare | |
| CLS | Celestica | |
| CUSIP:143658300 | CARNIVAL CORP | |
| PGR | Progressive | |
| AIG | American International Group | |
| APG | APi Group | |
| CBOE | Cboe Global Markets | |
| AJG | Arthur J. Gallagher | |
| LULU | Lululemon | |
| STLA | Stellantis | |
| CRWV | CoreWeave | small position exited after Q1 open |
| WST | West Pharma | |
| RAL | Ralliant | |
| EW | Edwards Lifesciences | |
| TWLO | Twilio | |
| EQPT | Equipmentshare | |
| FPS | Franklin Passthrough |
| Ticker | Q2 value | Change | Direction |
|---|---|---|---|
| V | $2.2B | +1% | ADD |
| TSM | $1.5B | -29% | TRIM |
| APD | $1.4B | +15.5% | ADD |
| SHW | $1.3B | +24.5% | ADD |
| FTV | $1.2B | -11.3% | TRIM |
| META | $1.1B | +75.8% | ADD |
| SCHW | $981.6M | -27.5% | TRIM |
| TMO | $971.3M | +16.2% | ADD |
| JPM | $949.1M | +7.2% | ADD |
| LII | $911.5M | +1.2% | ADD |
| AMZN | $882.1M | +209.6% | ADD |
| CVNA | $811.1M | +343.2% | ADD |
| MCD | $764.7M | -22% | TRIM |
| BBIO | $741M | -16% | TRIM |
| BA | $708.9M | +2.5% | ADD |
| MAA | $700.7M | +5.1% | ADD |
| DIS | $689M | -46.2% | TRIM |
| FDX | $673.9M | +11.4% | ADD |
| WAT | $623.4M | +32.3% | ADD |
| JCI | $614.1M | -4.9% | TRIM |
| MSFT | $544.1M | -36.8% | TRIM |
| SE | $543.3M | +19.7% | ADD |
| CPT | $516.7M | -4.3% | TRIM |
| RRX | $500.6M | -33.1% | TRIM |
| BMRN | $435.8M | +7.9% | ADD |
The Q2 book is nearly a rebuild - a very broad, low-concentration deployment (top-5 = 22%) into industrials, financials, healthcare and one high-conviction private AI infra name (SpaceX). The AAPL/GOOGL exits + MSFT -37% mark the clearest step away from the classic FAANG core seen in any Tiger-cub Q2 filing so far, replaced by SpaceX + Meta as the AI-adjacent core.
Figures are computed from the latest 13F-HR filing (period 2026-06-30); the filing is authoritative.