VIKING FUND MANAGEMENT LLC
Long book
$975.6M
Q1 2026
Positions
142
Top-10 weight
27%
concentration
Last quarter
+9.4%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsVIKING FUND MANAGEMENT LLC is an institutional manager, running a $975.6M US long book across 142 positions.
The portfolio is moderately concentrated (top 10 ≈ 27% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: BROADCOM INC, CHEVRON CORP, TC ENERGY CORP, NEXTERA ENERGY INC, CORNING INC.
Over the last 9 quarters its long book ran on average 0.8pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.7%
Q2 2024
+8.1%
Q3 2024
+0.2%
Q4 2024
+2.1%
Q1 2025
+4.6%
Q2 2025
+8.6%
Q3 2025
+2.6%
Q4 2025
+10.1%
Q1 2026
+9.4%
Sector allocation
Utilities 21%
Technology 14%
Financials 13%
Energy 13%
Healthcare 8%
Industrials 8%
Consumer staples 7%
Consumer discretionary 5%
Long book by quarter
What does VIKING FUND own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AVGO BROADCOM INC | Technology | 109.0K | $33.7M | 3.5% | +22.5% |
| CVX CHEVRON CORP | Energy | 161.5K | $33.4M | 3.4% | +6.6% |
| TRP TC ENERGY CORP | Utilities | 530.0K | $33.2M | 3.4% | -2.2% |
| NEE NEXTERA ENERGY INC | Utilities | 285.0K | $26.5M | 2.7% | -12.3% |
| GLW CORNING INC | Industrials | 185.0K | $25.2M | 2.6% | -19.6% |
| ETR ENTERGY CORP | Utilities | 205.0K | $23.0M | 2.4% | -2.4% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 373.0K | $22.6M | 2.3% | +16.2% |
| PEP PEPSICO INC | Consumer staples | 139.0K | $21.6M | 2.2% | Held |
| XEL XCEL ENERGY INC | Utilities | 260.0K | $20.7M | 2.1% | +36.8% |
| ABBV ABBVIE INC | Healthcare | 90.0K | $19.6M | 2.0% | +23.3% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 367.0K | $18.4M | 1.9% | +5.8% |
| WMB WILLIAMS COS INC | Utilities | 240.0K | $17.5M | 1.8% | +500.0% |
| T AT&T INC | Communications | 575.0K | $16.7M | 1.7% | +16.2% |
| MS MORGAN STANLEY | Financials | 95.0K | $15.6M | 1.6% | +5.6% |
| PSX PHILLIPS 66 | Energy | 85.0K | $15.5M | 1.6% | -2.3% |
| MO ALTRIA GROUP INC | Consumer staples | 202.0K | $13.3M | 1.4% | Held |
| HPE HEWLETT PACKARD ENTERPRISE | Technology | 550.0K | $13.1M | 1.3% | +12.2% |
| JPM JPMORGAN CHASE & CO | Financials | 44.0K | $12.9M | 1.3% | +22.2% |
| AFG AMERICAN FINANCIAL GROUP INC | Financials | 101.0K | $12.9M | 1.3% | Held |
| LNG CHENIERE ENERGY INC | Utilities | 45.0K | $12.8M | 1.3% | Held |
| TRGP TARGA RESOURCES CORP | Utilities | 50.0K | $12.5M | 1.3% | +61.3% |
| PRU PRUDENTIAL FINANCIAL INC | Financials | 125.0K | $12.2M | 1.3% | +0.8% |
| MRK MERCK & CO. INC. | Healthcare | 100.0K | $12.0M | 1.2% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 80.0K | $11.6M | 1.2% | +185.7% |
| C CITIGROUP INC | Financials | 98.0K | $11.1M | 1.1% | Held |
| FANG DIAMONDBACK ENERGY INC | Energy | 55.0K | $10.9M | 1.1% | +223.5% |
| BAC BANK OF AMERICA CORP | Financials | 220.0K | $10.7M | 1.1% | +22.2% |
| GPC GENUINE PARTS CO | Consumer discretionary | 100.0K | $10.6M | 1.1% | +81.8% |
| KO COCA-COLA CO/THE | Consumer staples | 135.0K | $10.3M | 1.1% | +12.5% |
| LLY ELI LILLY & CO | Healthcare | 11.0K | $10.1M | 1.0% | +32.5% |
| MKC MCCORMICK & CO-NON VTG SHRS | Consumer staples | 200.0K | $10.1M | 1.0% | +33.3% |
| KMB KIMBERLY-CLARK CORP | Other | 103.0K | $9.9M | 1.0% | +27.2% |
| EXE EXPAND ENERGY CORP | Energy | 88.0K | $9.7M | 1.0% | +193.3% |
| QCOM QUALCOMM INC | Technology | 75.0K | $9.7M | 1.0% | Held |
| PFE PFIZER INC | Healthcare | 338.0K | $9.5M | 1.0% | +0.7% |
| FITB FIFTH THIRD BANCORP | Financials | 200.0K | $9.3M | 1.0% | New |
| HD HOME DEPOT INC | Consumer discretionary | 28.0K | $9.2M | 0.9% | Held |
| KGS KODIAK GAS SERVICES INC | Utilities | 157.0K | $9.2M | 0.9% | Held |
| TTE TOTALENERGIES SE | Energy | 100.0K | $9.1M | 0.9% | New |
| PR PERMIAN RESOURCES CORP-CL A | Energy | 411.0K | $8.8M | 0.9% | -40.5% |
| XOM EXXON MOBIL CORP | Energy | 50.0K | $8.5M | 0.9% | -37.5% |
| EVRG EVERGY INC | Utilities | 100.0K | $8.2M | 0.8% | Held |
| ORI OLD REPUBLIC INTL CORP | Financials | 200.0K | $8.0M | 0.8% | Held |
| BKR BAKER HUGHES CO | Industrials | 130.0K | $7.9M | 0.8% | -9.7% |
| LMT LOCKHEED MARTIN CORP | Industrials | 13.0K | $7.9M | 0.8% | -13.3% |
| AROC ARCHROCK INC | Utilities | 220.0K | $7.7M | 0.8% | Held |
| ALL ALLSTATE CORP | Financials | 35.0K | $7.3M | 0.7% | +25.0% |
| VLO VALERO ENERGY CORP | Energy | 29.0K | $7.2M | 0.7% | Held |
| DELL DELL TECHNOLOGIES -C | Technology | 43.0K | $7.1M | 0.7% | Held |
| BBY BEST BUY CO INC | Consumer discretionary | 106.0K | $6.8M | 0.7% | -31.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 10, 2026 | 142 | $975.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 12, 2026 | 137 | $862.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 10, 2025 | 141 | $827.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 11, 2025 | 143 | $728.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 10, 2025 | 140 | $693.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 17, 2025 | 132 | $642.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 11, 2024 | 131 | $615.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 16, 2024 | 126 | $558.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 15, 2024 | 123 | $552.6M | canonical | SEC ↗ |
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