VIKING FUND MANAGEMENT LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| BROADCOM INC | AVGO | $41.4M | 109,500 | +0.25pp | 31q | HELD | |
| CORNING INC | GLW | $33.2M | 130,000 | +0.40pp | 9q | -29.7%-$14.0M | |
| CHEVRON CORPORATION | CVX | $32.1M | 193,500 | -0.55pp | 11q | +19.8%+$5.3M | |
| TC ENERGY CORP | TRP | $29.8M | 450,000 | -0.73pp | 15q | -15.1%-$5.3M | |
| ABBVIE INC | ABBV | $27.7M | 110,000 | +0.47pp | 31q | +22.2%+$5.0M | |
| WILLIAMS COS INC | WMB | $26.3M | 354,000 | +0.57pp | 3q | +47.5%+$8.5M | |
| BRISTOL-MYERS SQUIBB CO | BMY | $25.5M | 443,000 | -0.03pp | 15q | +18.8%+$4.0M | |
| NEXTERA ENERGY INC | NEE | $25.2M | 287,300 | -0.46pp | 23q | +0.8%+$201.9K | |
| HEWLETT PACKARD ENTERPRISE C | HPE | $22.6M | 500,000 | +0.68pp | 4q | -9.1%-$2.3M | |
| ENTERGY CORP NEW | ETR | $22.3M | 194,000 | -0.37pp | 24q | -5.4%-$1.3M | |
| XCEL ENERGY INC | XEL | $20.9M | 260,000 | -0.25pp | 10q | HELD | |
| MORGAN STANLEY | MS | $19.9M | 95,000 | +0.18pp | 18q | HELD | |
| GENUINE PARTS CO | GPC | $18.9M | 160,000 | +0.61pp | 31q | +60.0%+$7.1M | |
| PEPSICO INC | PEP | $18.8M | 139,000 | -0.53pp | 31q | HELD | |
| KIMBERLY-CLARK CORP | KMB | $17.6M | 160,000 | +0.55pp | 31q | +55.3%+$6.3M | |
| MCCORMICK & CO INC | MKC | $16.9M | 335,000 | +0.48pp | 4q | +67.5%+$6.8M | |
| DELL TECHNOLOGIES INC | DELL | $16.8M | 39,000 | +0.78pp | 7q | -9.3%-$1.7M | |
| VERIZON COMMUNICATIONS INC | VZ | $15.5M | 367,000 | -0.50pp | 31q | HELD | |
| FIFTH THIRD BANCORP | FITB | $15.2M | 270,000 | +0.41pp | 2q | +35.0%+$3.9M | |
| BANK OF AMER CORP | BAC | $14.8M | 260,000 | +0.23pp | 31q | +18.2%+$2.3M | |
| PRUDENTIAL FINL INC | PRU | $14.6M | 135,000 | +0.05pp | 31q | +8.0%+$1.1M | |
| ALTRIA GROUP INC | MO | $14.5M | 202,000 | -0.06pp | 31q | HELD | |
| JPMORGAN CHASE & CO | JPM | $14.4M | 44,000 | -0.04pp | 31q | HELD | |
| PHILLIPS 66 | PSX | $14.4M | 85,000 | -0.30pp | 31q | HELD | |
| BRITISH AMERN TOB PLC | BTI | $14.2M | 230,000 | +0.01pp | 24q | +9.5%+$1.2M | |
| AMERICAN FINANCIAL GROUP INC | AFG | $14.1M | 101,000 | -0.06pp | 6q | HELD | |
| INTERNATIONAL BUSINESS MACHS | IBM | $14.1M | 50,000 | +0.59pp | 31q | +85.2%+$6.5M | |
| CITIGROUP INC | C | $13.7M | 98,000 | +0.09pp | 7q | HELD | |
| AT&T INC | T | $13.6M | 655,000 | -0.49pp | 31q | +13.9%+$1.7M | |
| SHELL PLC | SHEL | $13.3M | 172,000 | -0.33pp | 2q | +7.5%+$930.5K | |
| ELI LILLY & CO | LLY | $13.2M | 11,000 | +0.14pp | 4q | HELD | |
| QUALCOMM INC | QCOM | $13.1M | 70,900 | +0.18pp | 31q | -5.5%-$757.6K | |
| NOVO-NORDISK A S | NVO | $12.9M | 270,000 | +0.14pp | 3q | HELD | |
| CHENIERE ENERGY INC | LNG | $12.9M | 54,000 | -0.15pp | 31q | +20.0%+$2.2M | |
| MERCK & CO INC | MRK | $12.8M | 100,000 | -0.08pp | 31q | HELD | |
| PROCTER & GAMBLE CO | PG | $11.7M | 80,000 | -0.13pp | 31q | HELD | |
| TOTALENERGIES SE | TTE | $11.7M | 150,000 | +0.11pp | 2q | +50.0%+$3.9M | |
| COCA COLA CO | KO | $11.0M | 135,000 | -0.07pp | 31q | HELD | |
| DIGITALOCEAN HLDGS INC | DOCN | $10.7M | 68,000 | +0.30pp | 6q | -9.3%-$1.1M | |
| ADVANCED MICRO DEVICES INC | AMD | $9.9M | 17,000 | +0.53pp | 31q | HELD | |
| HOME DEPOT INC | HD | $9.9M | 28,000 | -0.06pp | 31q | HELD | |
| DIAMONDBACK ENERGY INC | FANG | $9.7M | 55,000 | -0.25pp | 31q | HELD | |
| TEXAS INSTRS INC | TXN | $9.5M | 32,000 | +0.22pp | 30q | HELD | |
| KLA CORP | KLAC | $9.1M | 30,000 | +0.36pp | 21q | +900.0%+$8.1M | |
| EASTMAN CHEM CO | EMN | $8.7M | 130,000 | - | new | NEW | |
| LAM RESEARCH CORP | LRCX | $8.7M | 20,000 | +0.34pp | 7q | HELD | |
| EVERGY INC | EVRG | $8.6M | 100,000 | -0.07pp | 6q | HELD | |
| TARGA RES CORP | TRGP | $8.6M | 32,000 | -0.52pp | 15q | -36.0%-$4.8M | |
| EXPAND ENERGY CORPORATION | EXE | $8.5M | 93,000 | -0.23pp | 5q | +5.7%+$455.9K | |
| ALLSTATE CORP | ALL | $8.3M | 35,000 | flat | 5q | HELD | |
| OLD REP INTL CORP | ORI | $8.2M | 200,000 | -0.09pp | 28q | HELD | |
| PFIZER INC | PFE | $8.1M | 338,000 | -0.24pp | 31q | HELD | |
| BEST BUY INC | BBY | $8.0M | 106,000 | +0.02pp | 13q | HELD | |
| PERMIAN RESOURCES CORP | PR | $7.6M | 411,000 | -0.22pp | 15q | HELD | |
| VALERO ENERGY CORP | VLO | $7.6M | 29,000 | -0.06pp | 31q | HELD | |
| KODIAK GAS SVCS INC | KGS | $7.5M | 100,000 | -0.27pp | 8q | -36.3%-$4.3M | |
| ARCHROCK INC | AROC | $7.3M | 180,000 | -0.13pp | 6q | -18.2%-$1.6M | |
| BAKER HUGHES COMPANY | BKR | $7.2M | 130,000 | -0.17pp | 13q | HELD | |
| NVIDIA CORPORATION | NVDA | $7.0M | 35,000 | flat | 31q | HELD | |
| EXXONMOBIL HOLDINGS CORP COM SHS | XOM | $6.8M | 50,000 | - | new | NEW | |
| MCDONALDS CORP | MCD | $6.8M | 25,000 | -0.03pp | 31q | +25.0%+$1.4M | |
| LOCKHEED MARTIN CORP | LMT | $6.6M | 13,000 | -0.21pp | 31q | HELD | |
| ALPHABET INC | GOOGL | $6.4M | 18,000 | +0.05pp | 2q | HELD | |
| UNITED PARCEL SVCS INC | UPS | $6.3M | 59,000 | -0.03pp | 13q | HELD | |
| UNUM GROUP | UNM | $6.3M | 70,000 | +0.04pp | 7q | HELD | |
| DEVON ENERGY CORP NEW | DVN | $6.2M | 150,000 | - | new | NEW | |
| APPLE INC | AAPL | $6.1M | 21,000 | flat | 31q | HELD | |
| PAYCHEX INC | PAYX | $5.9M | 60,000 | -0.04pp | 9q | HELD | |
| NRG ENERGY INC | NRG | $5.8M | 39,500 | +0.13pp | 8q | +51.9%+$2.0M | |
| VISTRA CORP | VST | $5.6M | 35,000 | +0.19pp | 8q | +75.0%+$2.4M | |
| PHILIP MORRIS INTL INC | PM | $5.4M | 30,000 | -0.02pp | 31q | HELD | |
| TRANE TECHNOLOGIES PLC | TT | $5.4M | 11,000 | +0.01pp | 26q | HELD | |
| STARBUCKS CORP | SBUX | $5.3M | 52,000 | flat | 31q | HELD | |
| CLOUDFLARE INC | NET | $5.2M | 21,000 | +0.02pp | 9q | HELD | |
| VISA INC | V | $5.1M | 15,000 | flat | 31q | HELD | |
| ANTERO RESOURCES CORP | AR | $4.9M | 140,000 | -0.08pp | 17q | +16.7%+$702.8K | |
| BLACKROCK INC | BLK | $4.8M | 5,000 | -0.06pp | 7q | HELD | |
| VERTIV HOLDINGS CO | VRT | $4.7M | 14,000 | +0.01pp | 8q | -12.5%-$669.6K | |
| SPIRE INC | SR | $4.7M | 60,000 | -0.14pp | 4q | HELD | |
| ILLINOIS TOOL WKS INC | ITW | $4.6M | 17,000 | -0.04pp | 17q | HELD | |
| PALO ALTO NETWORKS INC | PANW | $4.5M | 13,203 | +0.19pp | 2q | HELD | |
| LANDBRIDGE COMPANY LLC | LB | $4.4M | 56,000 | flat | 4q | HELD | |
| CATERPILLAR INC | CAT | $4.3M | 4,000 | +0.09pp | 31q | HELD | |
| EQT CORP | EQT | $4.0M | 75,000 | -0.13pp | 8q | HELD | |
| TEXAS PACIFIC LAND CORPORATI | TPL | $3.9M | 9,000 | -0.09pp | 11q | HELD | |
| NEXTDECADE CORP | NEXT | $3.8M | 500,000 | -0.02pp | 2q | +11.1%+$377.0K | |
| BADGER METER INC | BMI | $3.7M | 25,000 | +0.02pp | 2q | +25.0%+$741.9K | |
| OVINTIV INC | OVV | $3.6M | 69,000 | -0.04pp | 2q | +15.0%+$473.9K | |
| MASTERCARD INCORPORATED | MA | $3.6M | 7,000 | -0.04pp | 26q | HELD | |
| AIR PRODUCTS AND CHEMICALS I | APD | $3.2M | 11,000 | -0.04pp | 31q | HELD | |
| DEERE & CO | DE | $3.2M | 5,000 | flat | 31q | HELD | |
| WASTE MGMT INC DEL | WM | $2.9M | 13,000 | -0.05pp | 31q | HELD | |
| EXELON CORP | EXC | $2.8M | 60,000 | -0.05pp | 31q | HELD | |
| TECHNIPFMC PLC | FTI | $2.7M | 40,000 | -0.05pp | 6q | HELD | |
| VENTURE GLOBAL INC | VG | $2.6M | 230,000 | -0.14pp | 4q | HELD | |
| THERMO FISHER SCIENTIFIC INC | TMO | $2.5M | 5,000 | -0.03pp | 31q | HELD | |
| UNITEDHEALTH GROUP INC | UNH | $2.5M | 6,000 | +0.06pp | 31q | HELD | |
| PNC FINL SVCS GROUP INC | PNC | $2.5M | 10,000 | +0.01pp | 31q | HELD | |
| FLEX LTD | FLEX | $2.4M | 15,000 | - | new | NEW | |
| KINDER MORGAN INC DEL | KMI | $2.4M | 75,000 | -0.04pp | 13q | HELD | |
| FIRST SOLAR INC | FSLR | $2.4M | 10,000 | -0.11pp | 10q | -37.5%-$1.4M | |
| TARGET CORP | TGT | $2.4M | 18,000 | -0.01pp | 31q | HELD | |
| GE VERNOVA INC | GEV | $2.3M | 2,000 | +0.03pp | 6q | HELD | |
| TEEKAY CORPORATION LTD | TK | $2.3M | 230,000 | - | new | NEW | |
| ARRAY DIGITAL INFRASTRUCTURE | AD | $2.3M | 62,800 | - | new | NEW | |
| NEXTPOWER INC | NXT | $2.3M | 19,000 | -0.03pp | 9q | HELD | |
| MICROSOFT CORP | MSFT | $2.2M | 6,000 | -0.03pp | 22q | HELD | |
| LOWES COS INC | LOW | $2.2M | 10,000 | -0.04pp | 31q | HELD | |
| FEDEX CORP | FDX | $2.2M | 7,000 | -0.06pp | 31q | HELD | |
| S&P GLOBAL INC | SPGI | $2.0M | 5,000 | -0.04pp | 31q | HELD | |
| CONSTELLATION ENERGY CORP | CEG | $2.0M | 8,000 | - | new | NEW | |
| TESLA INC | TSLA | $1.9M | 4,500 | flat | 10q | HELD | |
| NUTRIEN LTD | NTR | $1.9M | 30,000 | -0.06pp | 2q | HELD | |
| EDWARDS LIFESCIENCES CORP | EW | $1.8M | 20,000 | flat | 31q | HELD | |
| CISCO SYS INC | CSCO | $1.8M | 15,000 | +0.04pp | 28q | HELD | |
| GULFPORT ENERGY CORP | GPOR | $1.7M | 10,000 | - | new | NEW | |
| DOW HLDGS INC | DOW | $1.6M | 60,000 | -0.11pp | 2q | HELD | |
| CENOVUS ENERGY INC | CVE | $1.5M | 60,000 | -0.03pp | 2q | HELD | |
| TENARIS S A | TS | $1.4M | 25,000 | -0.02pp | 15q | HELD | |
| INTUIT | INTU | $1.3M | 5,000 | -0.10pp | 28q | HELD | |
| GENERAC HLDGS INC | GNRC | $1.2M | 4,000 | +0.02pp | 20q | HELD | |
| DARLING INGREDIENTS INC | DAR | $1.1M | 20,000 | -0.09pp | 2q | -33.3%-$546.2K | |
| SHOALS TECHNOLOGIES GROUP IN | SHLS | $990.0K | 100,000 | flat | 22q | -23.1%-$297.0K | |
| X-ENERGY INC | XE | $918.0K | 50,000 | - | new | NEW | |
| CAMECO CORP | CCJ | $814.9K | 8,000 | -0.02pp | 5q | HELD | |
| SANOFI SA | SNY | $767.9K | 18,000 | +0.01pp | 2q | +50.0%+$256.0K | |
| DORIAN LPG LTD | LPG | $730.4K | 21,000 | -0.01pp | 7q | HELD | |
| TRUIST FINL CORP | TFC | $597.8K | 12,000 | +0.02pp | 6q | +50.0%+$199.3K | |
| FEDEX FGHT HLDG CO INC | $528.5K | 3,500 | - | new | NEW | ||
| UBS GROUP AG | UBS | $495.6K | 10,000 | -0.02pp | 2q | -41.2%-$346.9K | |
| SOUTH BOW CORP | SOBO | $422.9K | 12,000 | flat | 7q | HELD | |
| NATIONAL GRID PLC | NGG | $414.4K | 5,000 | -0.01pp | 2q | HELD | |
| NOBLE CORP PLC | NE | $373.0K | 10,000 | -0.04pp | 5q | -33.3%-$186.5K | |
| REGIONS FINANCIAL CORP NEW | RF | $362.4K | 12,000 | flat | 13q | HELD | |
| ENBRIDGE INC | ENB | $325.3K | 6,000 | flat | 31q | HELD | |
| ING GROEP N.V. | ING | $313.8K | 10,000 | - | new | NEW | |
| EXPRO GROUP HOLDINGS NV | XPRO | $295.4K | 20,000 | -0.01pp | 9q | HELD | |
| EVERSOURCE ENERGY | ES | $289.1K | 4,000 | flat | 8q | HELD | |
| PORTLAND GEN ELEC CO | POR | $285.1K | 5,500 | flat | 8q | HELD | |
| RIO TINTO PLC | RIO | $284.8K | 3,000 | -0.01pp | 13q | -25.0%-$94.9K | |
| BHP BILLITON LIMITED | BHP | $249.9K | 3,000 | -0.01pp | 10q | -40.0%-$166.6K | |
| DOMINION ENERGY INC | D | $239.0K | 3,500 | flat | 11q | HELD | |
| DIVERSIFIED ENERGY CO | DEC | $207.9K | 15,000 | -0.01pp | 3q | HELD | |
| BUCKLE INC | BKE | $168.8K | 4,000 | -0.03pp | 2q | -50.0%-$168.8K | |
| LYONDELLBASELL INDUSTRIES NV | LYB | $157.9K | 3,000 | -0.04pp | 18q | -50.0%-$157.9K | |
| SIGA TECHNOLOGIES INC | SIGA | $145.6K | 40,000 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Energy | $240.7M | 21.6% |
| Biotech & Pharma | $101.2M | 9.1% |
| Semiconductors & Electronics | $97.1M | 8.7% |
| Utilities | $96.8M | 8.7% |
| Food, Drink & Tobacco | $81.9M | 7.3% |
| Computer Hardware | $65.8M | 5.9% |
| Banks & Lending | $62.4M | 5.6% |
| Insurance | $54.0M | 4.8% |
| Industrials | $48.1M | 4.3% |
| Mining & Metals | $35.9M | 3.2% |
| Retail & Consumer | $34.7M | 3.1% |
| Telecom & Media | $31.4M | 2.8% |
| Other sectors | $165.1M | 14.8% |
| Not classified | $1.4M | 0.1% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.0% | +14.8% | -4.9% | 100% |
| Q1 2026 | +9.2% | -4.6% | +13.8% | 100% |
| Q4 2025 | +1.9% | +2.4% | -0.5% | 100% |
| Q3 2025 | +7.9% | +7.8% | +0.1% | 100% |
| Q2 2025 | +3.8% | +10.5% | -6.6% | 100% |
| Q1 2025 | +1.2% | -4.6% | +5.7% | 100% |
| Q4 2024 | -0.7% | +2.1% | -2.9% | 100% |
| Q3 2024 | +7.2% | +5.4% | +1.7% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $1.1B | 146 | 12 | 28 | 20 | 8 | 25.6% | 13 |
| Q1 2026 | $975.6M | 142 | 16 | 32 | 29 | 11 | 26.6% | 10 |
| Q4 2025 | $862.8M | 137 | 7 | 31 | 25 | 11 | 25.4% | 12 |
| Q3 2025 | $827.4M | 141 | 12 | 40 | 24 | 14 | 27.0% | 10 |
| Q2 2025 | $728.0M | 143 | 7 | 36 | 32 | 4 | 26.6% | 11 |
| Q1 2025 | $693.6M | 140 | 16 | 34 | 17 | 8 | 26.4% | 10 |
| Q4 2024 | $642.3M | 132 | 12 | 34 | 18 | 11 | 25.5% | 17 |
| Q3 2024 | $615.5M | 131 | 13 | 41 | 21 | 8 | 26.9% | 11 |
| Q2 2024 | $558.5M | 126 | 7 | 38 | 31 | 4 | 27.4% | 16 |
| Q1 2024 | $552.6M | 123 | 11 | 42 | 28 | 6 | 28.8% | 15 |
| Q4 2023 | $513.9M | 118 | 8 | 20 | 27 | 6 | 28.5% | 17 |
| Q3 2023 | $496.1M | 116 | 3 | 34 | 22 | 8 | 27.4% | 16 |
| Q2 2023 | $528.3M | 121 | 16 | 31 | 19 | 5 | 25.6% | 20 |
| Q1 2023 | $519.4M | 110 | 1 | 42 | 14 | 2 | 27.0% | 17 |
| Q4 2022 | $504.0M | 111 | 7 | 30 | 21 | 8 | 26.2% | 33 |
| Q3 2022 | $424.0M | 112 | 1 | 40 | 18 | 8 | 27.2% | 12 |
| Q2 2022 | $432.1M | 119 | 8 | 49 | 12 | 6 | 25.8% | 18 |
| Q1 2022 | $439.3M | 117 | 11 | 43 | 9 | 3 | 26.3% | 28 |
| Q4 2021 | $379.7M | 109 | 1 | 29 | 15 | 4 | 28.1% | 14 |
| Q3 2021 | $345.6M | 112 | 4 | 24 | 10 | 4 | 27.2% | 18 |
| Q2 2021 | $350.4M | 112 | 5 | 30 | 22 | 12 | 23.9% | 19 |
| Q1 2021 | $335.2M | 119 | 13 | 32 | 43 | 12 | 24.8% | 26 |
| Q4 2020 | $310.8M | 118 | 8 | 38 | 27 | 8 | 24.8% | 21 |
| Q3 2020 | $269.1M | 118 | 9 | 36 | 24 | 12 | 27.0% | 13 |
| Q2 2020 | $270.3M | 121 | 14 | 42 | 30 | 11 | 25.7% | 27 |
| Q1 2020 | $227.4M | 118 | 20 | 34 | 29 | 15 | 27.4% | 13 |
| Q4 2019 | $356.0M | 113 | 3 | 22 | 28 | 7 | 24.6% | 15 |
| Q3 2019 | $349.9M | 117 | 6 | 29 | 33 | 5 | 24.8% | 10 |
| Q2 2019 | $376.6M | 116 | 11 | 34 | 37 | 11 | 26.9% | 16 |
| Q1 2019 | $401.9M | 116 | 5 | 32 | 25 | 8 | 26.6% | 15 |
| Q4 2018 | $358.8M | 119 | 0 | 0 | 0 | 0 | 28.5% | 23 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.