Viking Global’s Top 10 Stocks

Published February 18, 2022 at 9:21 am EST Updated September 7, 2026 at 1:58 pm EDT

In this article, we discuss Viking Global’s top 10 stocks.

Viking Global is a Connecticut-based investment management firm that utilizes fundamental analysis in selecting global investments across all industries including technology, services, healthcare, and financials. The hedge fund was co-founded and is managed by billionaire Norwegian investor Andreas Halvorsen. Before co-founding Viking Global in 1999, Halvorsen traded equities at Julian Robertson’s Tiger Management, where he rose to become one of the firm’s most successful proteges and was dubbed one of the “Tiger Cubs.” According to business publication firm Forbes, Andreas Halvorsen has a net worth of $6.3 billion as of February 8.

According to data from LCH Investments reported by Reuters, Halvorsen’s Viking Global Investors was among the best-performing hedge funds in 2020, earning $7 billion. However, the Connecticut-based firm’s hedge fund fell 4.5% in 2021 because it “underestimated the ongoing impact of Covid,” Andreas Halvorsen noted in a recent investor letter dated January 18. Peloton Interactive, Inc. (NASDAQ:PTON), Coupa Software Incorporated (NASDAQ:COUP), and Adaptive Biotechnologies Corporation (NASDAQ:ADPT), which accounted for 1.56%, 2.38%, and 2.82% of Viking Global’s Q3 2021 total holdings, respectively, were among the fund’s worst performers last year.

Despite the setback, over its 20-year history, Viking Global has been one of the world’s most successful hedge funds, returning more than $29 billion in profits to its investors as of 2020. Furthermore, according to Bloomberg, the firm’s Global Opportunities Hybrid fund, which invests in both stocks and private sector companies, returned approximately 20% in 2021.

According to Q3 13F data tracked by Insider Monkey, Viking Global Investors overlooks a $36 billion portfolio at the end of September 2021. Some of the most notable stocks in Viking Global’s holdings are Microsoft Corporation (NASDAQ:MSFT), Tesla, Inc. (NASDAQ:TSLA), Amazon.com, Inc. (NASDAQ:AMZN), T-Mobile US, Inc. (NYSE:TMUS).

Our Methodology

We used the third quarter portfolio of Andreas Halvorsen’s Viking Global to select the hedge fund’s top 10 holdings. The securities are ranked according to weightage in Viking Global’s Q3 13F portfolio.

Ole Andreas Halvorsen of Viking Global

Viking Global’s Top Stocks

10. Parker-Hannifin Corporation (NYSE:PH)

Percentage of Viking Global’s 13F Portfolio: 2.40%

Viking Global’s Stake Value: $867,173,000

Number of Hedge Fund Holders: 39

Parker-Hannifin Corporation (NYSE:PH) is a global industrial conglomerate that manufactures motion and control technologies used in a variety of industries including healthcare, aerospace, mobile construction, and electrification. In the third quarter of 2021, Viking Global increased its stake in Parker-Hannifin Corporation by 366%, bringing its total holdings to 3.1 million shares worth $867 million.

Just like Microsoft Corporation, Tesla, Inc., Amazon.com, Inc., T-Mobile US, Inc., Parker-Hannifin Corporation is among the top-weighting stocks in Viking Global’s portfolio.

The Ohio-based industrial company has seen growth in both international and North American industrial segments where fiscal 2022 Q2 orders jumped 14% and 17% respectively, compared to a year ago. During the same period, Parker-Hannifin Corporation’s (NYSE:PH) revenue came in at $3.82 billion, an increase of 12% year over year.

Aside from its enterprise’s success, Parker-Hannifin Corporation is popular among investors due to its consistent dividend payment. The company has increased its dividend in the last five years and pays its shareholders an annualized dividend of $4.12 per share.

At the end of September 2021, 39 funds in the database of Insider Monkey were long Parker-Hannifin Corporation, compared to 42 funds in the preceding quarter.

9. Fidelity National Information Services, Inc. (NYSE:FIS)

Percentage of Viking Global’s 13F Portfolio: 2.42%

Viking Global’s Stake Value: $872,697,000

Number of Hedge Fund Holders: 69

Fidelity National Information Services, Inc. (NYSE:FIS), a fintech company based in Florida, is one of the top stocks in Viking Global’s Q3 2021 portfolio. The firm accounts for 2.42% of Viking Global’s holdings as of the end of September 2021, with the hedge fund owning 7.2 million shares of Fidelity National Information Services, Inc. worth $873 million.

Fidelity National Information Services, Inc. provides technology, banking, and capital market solutions that include mobile banking, global e-commerce solutions, electronic funds transfer, and asset management.

Dan Dolev, a Mizuho analyst, is bullish on payment stocks, anticipating that they “could rebound sharply” in the second half of 2022. Fidelity National Information Services, Inc. received a Buy rating and a $150 price target from Dolev on January 25.

As of September 2021, 69 hedge funds in Insider Monkey’s database of 867 funds were long Fidelity National Information Services, Inc., with Select Equity Group being the largest stakeholder with 9.08 million shares worth $1.12 billion.

In its Q3 2021 investor letter, mentioned Fidelity National Information Services, Inc. and discussed its stance on the firm. Here is what the fund said:

“Fidelity National Information Services, Inc. provides software to financial institutions and enables merchants to accept electronic payments. The company reported solid quarterly financial results that exceeded expectations and raised annual guidance for revenue and earnings. However, the stock fell due to concerns that Fidelity National’s legacy technology is losing market share to newer competitors with more modern technology. We believe these concerns are overblown and that Fidelity National remains well positioned to grow revenues organically at a high single-digit rate and earnings at a double-digit rate over time.”

8. Brookfield Asset Management Inc. (NYSE:BAM)

Percentage of Viking Global’s 13F Portfolio: 2.52%

Viking Global’s Stake Value: $908,980,000

Number of Hedge Fund Holders: 32

Another notable stock in Viking Global’s portfolio is Brookfield Asset Management Inc. (NYSE:BAM), an asset manager and REIT that primarily invests in infrastructure, renewable power, real estate, and private equities. The hedge fund increased its stake in Brookfield Asset Management Inc., ending Q3 2021 with 16.9 million shares, up 312% from 4.13 million shares in Q2. This made Viking Global the biggest shareholder of the asset management firm in Q3 2021.

In total, 32 hedge funds in Insider Monkey’s Q3 database were bullish on Brookfield Asset Management Inc., with stakes amounting to more than $2.5 billion.

Brookfield Asset Management Inc. operates in over 30 countries, handles over 2,000 investments globally, and manages $650 billion in assets. Shares of Brookfield Asset Management Inc. increased nearly 3% after the company announced its most recent investment, Hopper, an AI-powered travel platform, on February 3.

Here is what Baron Funds has to say about Brookfield Asset Management Inc. in its Q2 2021 investor letter:

“The shares of long-term holding Brookfield Asset Management Inc. gained 15% in the most recent quarter. The company is a leading alternative asset manager focused on investing in high-quality real estate and infrastructure-related assets that tend to generate predictable and growing cash flows. We remain bullish about the ongoing prospects for Brookfield Asset Management Inc. given the secular growth opportunity for alternative assets, the company’s many competitive advantages including scale, global capabilities, its well-known brand name, operating expertise, and performance track record. We hold management in high regard and believe the shares remain attractively valued.”

7. Adaptive Biotechnologies Corporation (NASDAQ:ADPT)

Percentage of Viking Global’s 13F Portfolio: 2.82%

Viking Global’s Stake Value: $1,019,486,000

Number of Hedge Fund Holders: 25

Seattle-based biotech firm Adaptive Biotechnologies Corporation is one of the biggest holdings in Viking Global’s portfolio at the end of September 2021. In addition to Microsoft Corporation, Tesla, Inc., Amazon.com, Inc. and T-Mobile US, Inc., Adaptive Biotechnologies Corporation is one of the top stocks in Viking Global’s portfolio. The fund owns a $1.02 billion position in Adaptive Biotechnologies Corporation and the company represents 2.82% of its total holdings.

Adaptive Biotechnologies Corporation develops genetic sequencing platforms used in the diagnosis and treatment of various diseases such as COVID-19, blood cancers, autoimmune illnesses, and infectious diseases. One of the company’s products, clonoSEQ, saw a 47% year-over-year increase in clinical sequencing volume in the third quarter of 2021. Overall, Adaptive Biotechnologies Corporation grew its revenue by 50% year over year to $39.5 million in the same period.

Star stock picker Cathie Wood is among the major shareholders in Adaptive Biotechnologies Corporation. ARK Investment Management owned 4.85 million shares of the biotech company for $165 million in the third quarter of 2021. Overall, 25 funds in the database of Insider Monkey were long Adaptive Biotechnologies Corporation at the end of September, compared to 27 funds in the previous quarter.

6. Microsoft Corporation (NASDAQ:MSFT)

Percentage of Viking Global’s 13F Portfolio: 2.84%

Viking Global’s Stake Value: $1,026,625,000

Number of Hedge Fund Holders: 250

Tigress Financial analyst Ivan Feinseth recently raised the price target for Microsoft Corporation to $411 from $366. According to Feinseth, rising demand for cloud migration is one of Microsoft Corporation’s (NASDAQ:MSFT) major revenue and growth drivers. The analyst maintained his Buy rating on the tech stock.

Even though Viking Global decreased its stake in Microsoft Corporation by 22% in the third quarter of 2021, the tech company remains one of its largest positions. Viking Global owns a $1.03 billion stake in the tech company. Overall, 250 hedge funds were bullish on Microsoft Corporation at the end of Q3, up from 238 funds in the preceding quarter.

Here is what Alger Spectra Fund has to say about Microsoft Corporation in its Q4 2021 investor letter:

“Class A shares of the Alger Spectra Fund underperformed the Russell 3000 Growth Index during the fourth quarter of 2021. Microsoft Corp. was among the top contributors to performance. Microsoft is a Positive Dynamic Change beneficiary of corporate America’s transformative digitization. Microsoft’s CEO believes technology spending as a percent of GDP is likely to jump from about 5% today to 10% in a few years and that Microsoft will continue to take market share Microsoft’s enterprise cloud product, Azure, is rapidly growing and accruing market share. Microsoft Corporation reported that Azure grew 50% in the past quarter. This high unit volume growth is a primary driver of the company’s higher share price, but strong operating execution has enabled margin expansion that has also helped to increase forward earnings estimates. We believe Microsoft’s subscription-based software offerings and cloud computing services have a durable growth profile because they enhance customers’ growth initiatives and help them to diminish costs. Additionally, investors appreciate Microsoft’s strong free cash flow generation and its return of cash to shareholders in the form of dividends and share repurchases.”

5. Humana Inc. (NYSE:HUM)

Percentage of Viking Global’s 13F Portfolio: 3.24%

Viking Global’s Stake Value: $1,170,226,000

Number of Hedge Fund Holders: 7

Humana Inc. (NYSE:HUM), a health insurance company, is one of the top stocks in Viking Global’s portfolio. Between June and September last year, the hedge fund increased its stake in the Kentucky-based Medicare program provider by 412%. At the end of Q3, Viking Global had a stake worth $1.2 billion in Humana Inc..

On the second week of February, Humana Inc. stock gained 11% after the Centers for Medicare & Medicaid Services (CMS) announced a proposed increase in Medicare rates in 2023. Recently, the health insurance firm reported its Q4 earnings, which fell short of revenue expectations, but overall sales grew 10.4% to $21.05 billion in the fourth quarter of 2021. Following strong Q4 results, investment banking firm Deutsche Bank increased its price target for Humana Inc. to $435 from $418 while maintaining a Hold rating on the shares.

At the end of the third quarter of 2021, 60 elite funds tracked by Insider Monkey had a total stake of $2.9 billion in Humana Inc., up from 59 hedge funds in Q2 with a total stake of $3.26 billion.

4. BridgeBio Pharma, Inc. (NASDAQ:BBIO)

Percentage of Viking Global’s 13F Portfolio: 3.46%

Viking Global’s Stake Value: $1,247,726,000

Number of Hedge Fund Holders: 28

BridgeBio Pharma, Inc. (NASDAQ:BBIO), a California-based biotech company, is one of the top stocks sitting in Viking Global’s portfolio since the second quarter of 2019. In Q3 2021, Viking Global held the largest stake in the company, worth $1.25 billion.

BridgeBio Pharma, Inc. markets two FDA-approved rare genetic disease therapies namely Nulibry and Truseltiq. In addition, the biopharmaceutical firm is working on 30 gene therapy pipelines that could potentially treat muscle dystrophies, cardiorenal syndromes, and cancer.

As per Insider Monkey’s Q3 data, the number of hedge funds holding stakes in BridgeBio Pharma, Inc. stood at 28 in Q3, compared with 27 in the previous quarter.

In the Q2 2021 investor letter, Baron Opportunity Fund highlighted a few stocks, and Bridgebio Pharma Inc. is one of them. Here is what the fund said:

“BridgeBio Pharma, Inc. is a biotechnology company developing drugs that address a host of genetic disorders. Shares fell in the quarter given concerns around increasing competition. While we expect positive results from BridgeBio’s Phase 3 trial for its lead program for TTR amyloidosis, a disease in which toxic proteins build up in the heart and nerves, encouraging updates from Alnylam’s competing drug, Vitrusiran, and more recently, Intellia’s gene editing platform, pressured the stock. We exited our position.”

3. T-Mobile US, Inc. (NYSE:TMUS)

Percentage of Viking Global’s 13F Portfolio: 3.62%

Viking Global’s Stake Value: $1,306,370,000

Number of Hedge Fund Holders: 89

Shares of T-Mobile US, Inc. jumped 11% following its solid Q4 earnings report. On February 3, RBC Capital set a new price target of $152 for the telecom stock and maintained an Outperform rating on the shares.

In Q3 2021, Viking Global increased its stake by 36% in T-Mobile US, Inc.. The hedge fund held shares worth over $1.3 billion in the company, which represented 3.62% of its 13F portfolio. In total, 89 hedge funds were long T-Mobile US, Inc. at the end of September 2021, compared to 100 in the preceding quarter.

Aside from Viking Global, Warren Buffett’s Berkshire Hathaway is among the largest shareholders in T-Mobile US, Inc.. In Q3, the fund held 5.24 million shares of the telecom company worth nearly $670 million.

2. General Electric Company (NYSE:GE)

Percentage of Viking Global’s 13F Portfolio: 4.83%

Viking Global’s Stake Value: $1,743,649,000

Number of Hedge Fund Holders: 53

High-tech industrial firm General Electric Company (NYSE:GE) is one of the newly added positions in Viking Global’s portfolio in Q3 2021. The hedge fund bought 16.9 million shares of General Electric Company valued at $1.74 billion.

General Electric Company, one of the world’s leading industrial companies, is known for producing electrical and electronic equipment, medical devices, aircraft engines, and renewable energy solutions. The company announced total orders amounting to $22.1 billion for the fourth quarter of 2021, fueled by increased orders in the aviation and healthcare segments, which contributed $7.7 billion and $5.3 billion, respectively.

In January, Deutsche Bank maintained a Buy rating on General Electric Company and set a new price target of $108 for the industrial stock. Meanwhile, there were 53 hedge funds that held stakes in General Electric Company at the end of September 2021. The total value of this stake is $6.24 billion.

Here is what Vulcan Value Partners has to say about General Electric Company in its Q3 2021 investor letter:

“During the quarter, we sold our positions in General Electric Co. General Electric is a company we followed for a long time. In the past, we removed GE from the MVP list due to management’s poor capital allocation decisions which resulted in value instability. Larry Culp, the former CEO of Danaher, became CEO of General Electric in 2018. The company implemented a vast restructuring program to simplify the industrial side of its business, sold off non-core assets, paid down debt with the proceeds, and drastically shrunk GE Capital. These restructuring activities allowed its world-class jet engine and healthcare businesses to shine through, and improved value stability. As a result, we added the company back to the MVP list. While the pandemic negatively impacted General Electric’s aviation business in the short run, it also gave us the opportunity to buy General Electric in the second quarter of 2020 with a substantial margin of safety. GE is a good example of a competitively entrenched, yet slower-growing MVP business. As its stock price rose rapidly over the last year, its value growth did not keep up, and the price to value gap closed quickly. As our margin of safety diminished, we sold our position in GE and allocated to more discounted companies.”

1. Ginkgo Bioworks Holdings, Inc. (NYSE:DNA)

Percentage of Viking Global’s 13F Portfolio: 9.74%

Viking Global’s Stake Value: $3,511,109,000

Number of Hedge Fund Holders: 32

Cell engineering company Ginkgo Bioworks Holdings, Inc. (NYSE:DNA) is the biggest holding in Viking Global’s portfolio as of Q3 2021. The Boston-based biotech firm focuses on developing cell programming platforms that are utilized in manufacturing applications from cheesemaking to pharmaceuticals. Ginkgo Bioworks Holdings, Inc. also provides COVID-19 monitoring services, with over 3 million tests accomplished in the second half of 2021.

Ginkgo Bioworks Holdings, Inc. purchased Project Beacon COVID-19 LLC, a COVID-19 testing provider, in January to reinforce its expanding biosecurity platform and provide broader COVID-19 testing options in Massachusetts.

Viking Global initiated its position in Ginkgo Bioworks Holdings, Inc. in Q3 2021 and purchased over 302 million shares worth more than $3.5 billion. The company represents 9.74% of Viking Global’s 13F holdings at the end of September 2021.

Moreover, 32 hedge funds were bullish on Ginkgo Bioworks Holdings, Inc. at the end of the third quarter of 2021.

You can also take a look at the Top 10 Stock Picks of Travis Cocke’s Voss Capital and 15 Blue Chip Dividend Stocks With Over 4% Yield.

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