VIKING FUND MANAGEMENT LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, VIKING FUND MANAGEMENT LLC maintained a portfolio of 147 distinct positions. The most significant new addition to the portfolio was NOVO-NORDISK-ADR, which now represents 1.47% of the total fund value. They heavily accumulated shares in PEPSICO INC, increasing their position by 6.1%. Conversely, VIKING FUND MANAGEMENT LLC completely exited their position in PEMBINA PIPELINE.
PCA Score Concentration Risk
Risk ENB
Total Positions
147
Quarter
2025 Q4
Top Holding
AVGO (3.6%)
Top 10 Concentration
25.4%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 147
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
AVGO
BROADCOM INC
Technology 3.57% 3.79% #1
Prev: #1
1.4 -6,000 -6.3%
P
S
89,000 $30,802,900 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TRP
TC Energy Corp
Energy 3.46% 3.56% #2 1
Prev: #3
1.4 no change no change
P
S
542,000 $29,815,420 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NEE
NEXTERA ENERGY
Utilities 3.02% 3.60% #3 1
Prev: #2
1.3 -70,000 -17.7%
P
S
325,000 $26,091,000 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CVX
CHEVRON CORP
Energy 2.68% 2.84% #4
Prev: #4
1.1 no change no change
P
S
151,500 $23,090,115 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GLW
CORNING INC
Technology 2.33% 2.28% #5 1
Prev: #6
0.9 no change no change
P
S
230,000 $20,138,800 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PEP
PEPSICO INC
Consumer Defensive 2.31% 2.22% #6 1
Prev: #7
2.9 8,000 6.1%
P
S
139,000 $19,949,280 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ETR
ENTERGY CORP
Utilities 2.25% 2.48% #7 2
Prev: #5
0.9 -10,000 -4.5%
P
S
210,000 $19,410,300 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BMY
BRISTOL-MYER SQ...
Healthcare 2.01% 1.75% #8 3
Prev: #11
0.8 no change no change
P
S
321,000 $17,314,740 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ABBV
ABBVIE INC
Healthcare 1.93% 2.15% #9 1
Prev: #8
0.8 -4,000 -5.2%
P
S
73,000 $16,679,770 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MS
MORGAN STANLEY
Financial Services 1.85% 1.96% #10
Prev: #10
0.8 -12,000 -11.8%
P
S
90,000 $15,977,700 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VZ
VERIZON COMMUNI...
Communication Services 1.64% 1.52% #11 4
Prev: #15
2.7 61,000 21.3%
P
S
347,000 $14,133,310 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CME
CME GROUP INC
Financial Services 1.63% 1.37% #12 10
Prev: #22
2.7 9,600 22.9%
P
S
51,600 $14,090,928 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
XEL
XCEL ENERGY INC
Utilities 1.63% 2.14% #13 4
Prev: #9
0.7 -30,000 -13.6%
P
S
190,000 $14,033,400 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PRU
PRUDENTL FINL
Financial Services 1.62% 1.55% #14
Prev: #14
0.6 no change no change
P
S
124,000 $13,997,120 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AFG
AMER FINL GROUP
Financial Services 1.60% 0.72% #15 34
Prev: #49
2.9 60,000 146.3%
P
S
101,000 $13,804,680 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
QCOM
QUALCOMM INC
Technology 1.49% 1.51% #16
Prev: #16
0.6 no change no change
P
S
75,000 $12,828,750 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NVO
NOVO-NORDISK-AD...
Healthcare 1.47% #17
Prev: #—
2.6 250,000 no change
NEW
250,000 $12,720,000 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
T
AT&T INC
Communication Services 1.43% 1.45% #18 1
Prev: #19
2.6 70,000 16.5%
P
S
495,000 $12,295,800 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HPE
HEWLETT PACKA
Technology 1.36% 1.19% #19 7
Prev: #26
2.6 90,000 22.5%
P
S
490,000 $11,769,800 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MO
ALTRIA GROUP IN...
Consumer Defensive 1.35% 1.41% #20 1
Prev: #21
2.6 25,000 14.1%
P
S
202,000 $11,647,320 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
JPM
JPMORGAN CHASE
Financial Services 1.34% 1.49% #21 4
Prev: #17
0.6 -3,000 -7.7%
P
S
36,000 $11,599,920 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
C
CITIGROUP INC
Financial Services 1.33% 1.59% #22 9
Prev: #13
0.6 -32,000 -24.6%
P
S
98,000 $11,435,620 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ENB
ENBRIDGE INC
Energy 1.31% 1.06% #23 9
Prev: #32
2.6 61,500 35.2%
P
S
236,000 $11,287,880 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PSX
PHILLIPS 66
Energy 1.30% 1.43% #24 4
Prev: #20
0.5 no change no change
P
S
87,000 $11,226,480 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BTI
BRIT AMER TO-AD...
Consumer Defensive 1.25% 1.21% #25
Prev: #25
2.5 2,000 1.1%
P
S
190,000 $10,757,800 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PBA
PEMBINA PIPELIN...
Energy 0.00% 0.34%
Sold All 😨
(Was: #83)
0.3 -70,000 -100.0%
CLOSED
$— 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CTRA
COTERRA ENERGY ...
Energy 0.00% 0.20%
Sold All 😨
(Was: #107)
0.3 -70,000 -100.0%
CLOSED
$— 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MOD
MODINE MFG CO
Consumer Cyclical 0.00% 0.14%
Sold All 😨
(Was: #114)
0.3 -8,000 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PWR
QUANTA SERVICES
Industrials 0.00% 0.13%
Sold All 😨
(Was: #117)
0.3 -2,500 -100.0%
CLOSED
$— 2014 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PTEN
PATTERSON-UTI
Energy 0.00% 0.06%
Sold All 😨
(Was: #122)
0.3 -100,000 -100.0%
CLOSED
$— 2014 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AES
AES CORP
Utilities 0.00% 0.05%
Sold All 😨
(Was: #125)
0.3 -30,000 -100.0%
CLOSED
$— 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BCE
BCE INC
Communication Services 0.00% 0.02%
Sold All 😨
(Was: #137)
0.3 -6,000 -100.0%
CLOSED
$— 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TDG
TRANSDIGM GROUP
Industrials 0.00% 0.02%
Sold All 😨
(Was: #139)
0.3 -100 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WHR
WHIRLPOOL CORP
Consumer Cyclical 0.00% 0.01%
Sold All 😨
(Was: #140)
0.3 -1,500 -100.0%
CLOSED
$— 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
WEN
WENDY'S CO/THE
Consumer Cyclical 0.00% 0.01%
Sold All 😨
(Was: #141)
0.3 -12,000 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 147 holdings

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