Viking Fund Management 13F annual report
Viking Fund Management is an investment fund managing more than $558 billion ran by Kevin Flagstad. There are currently 126 companies in Mr. Flagstad’s portfolio. The largest investments include Broadcom and Abbvie Inc, together worth $50.9 billion.
$558 billion Assets Under Management (AUM)
As of 9th July 2024, Viking Fund Management’s top holding is 16,510 shares of Broadcom currently worth over $26.5 billion and making up 4.7% of the portfolio value.
Relative to the number of outstanding shares of Broadcom, Viking Fund Management owns less than approximately 0.1% of the company.
In addition, the fund holds 142,500 shares of Abbvie Inc worth $24.4 billion, whose value grew 4.1% in the past six months.
The third-largest holding is NextEra Inc worth $19 billion and the next is Qualcomm worth $12.9 billion, with 65,000 shares owned.
Currently, Viking Fund Management's portfolio is worth at least $558 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Viking Fund Management
The Viking Fund Management office and employees reside in Minot, North Dakota. According to the last 13-F report filed with the SEC, Kevin Flagstad serves as the Chief Compliance Officer at Viking Fund Management.
Recent trades
In the most recent 13F filing, Viking Fund Management revealed that it had opened a new position in
Corning and bought 230,000 shares worth $8.94 billion.
This means they effectively own approximately 0.1% of the company.
Corning makes up
12.6%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Abbvie Inc by buying
9,250 additional shares.
This makes their stake in Abbvie Inc total 142,500 shares worth $24.4 billion.
Abbvie Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Viking Fund Management is getting rid of from its portfolio.
Viking Fund Management closed its position in Allstate Corp on 16th July 2024.
It sold the previously owned 14,000 shares for $2.42 billion.
Kevin Flagstad also disclosed a decreased stake in Broadcom by approximately 0.1%.
This leaves the value of the investment at $26.5 billion and 16,510 shares.
One of the average hedge funds
The two most similar investment funds to Viking Fund Management are Legacy Advisors and Massachusetts Institute Of Technology. They manage $558 billion and $558 billion respectively.
Kevin Flagstad investment strategy
Viking Fund Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Energy — making up 16.6% of
the total portfolio value.
The fund focuses on investments in the United States as
50.8% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
47% of the total holdings value.
On the other hand, small-cap stocks make up only 3.2% of the portfolio.
The average market cap of the portfolio companies is close to $152 billion.
The complete list of Viking Fund Management trades based on 13F SEC filings
These positions were updated on July 16th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Broadcom Inc. |
9.83%
16,510
|
$26,507,300,000 | 4.75% |
| Abbvie Inc |
6.94%
142,500
|
$24,441,600,000 | 4.38% |
| NextEra Energy Inc |
4.29%
268,000
|
$18,977,080,000 | 3.40% |
| Qualcomm, Inc. |
26.97%
65,000
|
$12,946,700,000 | 2.32% |
| Entergy Corp. |
5.57%
118,600
|
$12,690,200,000 | 2.27% |
| American Electri |
6.49%
144,000
|
$12,634,560,000 | 2.26% |
| Blackrock Inc. |
6.25%
15,000
|
$11,809,800,000 | 2.11% |
| Enbridge Inc |
2.89%
319,500
|
$11,371,005,000 | 2.04% |
| Permian Resource |
129.10%
687,300
|
$11,099,895,000 | 1.99% |
| Targa Resources Corp |
4.71%
81,000
|
$10,431,180,000 | 1.87% |
| Cheniere Energy Inc. |
No change
59,000
|
$10,314,970,000 | 1.85% |
| Devon Energy Corp. |
No change
213,000
|
$10,096,200,000 | 1.81% |
| Pepsico Inc |
10.91%
61,000
|
$10,060,730,000 | 1.80% |
| Kimberly-Clark Corp. |
5.33%
71,000
|
$9,812,200,000 | 1.76% |
| Morgan Stanley |
23.17%
100,000
|
$9,719,000,000 | 1.74% |
| Prudentl Finl |
3.36%
81,500
|
$9,550,985,000 | 1.71% |
| Philip Morris In |
0.19%
91,500
|
$9,271,695,000 | 1.66% |
| Jpmorgan Chase |
29.69%
45,000
|
$9,101,700,000 | 1.63% |
| Chevron Corp. |
163.64%
58,000
|
$9,072,360,000 | 1.62% |
| Corning, Inc. |
Opened
230,000
|
$8,935,500,000 | 1.60% |
| Texas Instrument |
6.38%
44,000
|
$8,559,320,000 | 1.53% |
| Altria Group Inc. |
2.77%
185,250
|
$8,438,138,000 | 1.51% |
| Exxon Mobil Corp. |
22.22%
70,000
|
$8,058,400,000 | 1.44% |
| Merck & Co Inc |
10.96%
65,000
|
$8,047,000,000 | 1.44% |
| NVIDIA Corp |
828.57%
65,000
|
$8,030,100,000 | 1.44% |
| Pfizer Inc. |
4.00%
286,000
|
$8,002,280,000 | 1.43% |
| Home Depot, Inc. |
9.52%
23,000
|
$7,917,520,000 | 1.42% |
| Bank of America Corporation |
10.00%
180,000
|
$7,158,600,000 | 1.28% |
| Air Prods & Chem |
No change
27,000
|
$6,967,350,000 | 1.25% |
| Starbucks Corp. |
163.64%
87,000
|
$6,772,950,000 | 1.21% |
| Verizon Communic |
0.87%
163,000
|
$6,722,120,000 | 1.20% |
| Target Corp |
No change
45,000
|
$6,661,800,000 | 1.19% |
| Xcel Energy Inc. |
19.53%
122,400
|
$6,537,384,000 | 1.17% |
| Skyworks Solutio |
37.50%
55,000
|
$5,861,900,000 | 1.05% |
| TC Energy Corporation |
0.66%
152,400
|
$5,775,960,000 | 1.03% |
| Lockheed Martin Corp. |
71.43%
12,000
|
$5,605,200,000 | 1.00% |
| Brit Amer To-adr |
0.56%
180,500
|
$5,582,865,000 | 1.00% |
| Marathon Oil Corporation |
No change
180,000
|
$5,160,600,000 | 0.92% |
| Unitedhealth Grp |
150.00%
10,000
|
$5,092,600,000 | 0.91% |
| Kenvue Inc |
No change
280,000
|
$5,090,400,000 | 0.91% |
| BCE Inc |
2.83%
156,000
|
$5,049,720,000 | 0.90% |
| Diamondback Ener |
61.73%
25,000
|
$5,004,750,000 | 0.90% |
| Kla-tencor Corp |
No change
6,000
|
$4,947,060,000 | 0.89% |
| Apple Inc |
No change
23,000
|
$4,844,260,000 | 0.87% |
| Bristol-myer Sqb |
9.74%
112,700
|
$4,680,431,000 | 0.84% |
| Baker Hughes A |
17.86%
132,000
|
$4,642,440,000 | 0.83% |
| Paychex Inc. |
Opened
39,000
|
$4,623,840,000 | 0.83% |
| Shell Plc-adr |
14.29%
60,000
|
$4,330,800,000 | 0.78% |
| Lam Research Corp. |
No change
4,000
|
$4,259,400,000 | 0.76% |
| United Parcel-b |
11.11%
30,000
|
$4,105,500,000 | 0.74% |
| Mcdonalds Corp |
166.67%
16,000
|
$4,077,440,000 | 0.73% |
| Visa Inc |
No change
15,000
|
$3,937,050,000 | 0.70% |
| Ibm |
0.45%
22,200
|
$3,839,490,000 | 0.69% |
| Old Repub Intl |
No change
120,000
|
$3,708,000,000 | 0.66% |
| Trane Technologi |
No change
11,000
|
$3,618,230,000 | 0.65% |
| Ovintiv Inc |
No change
75,000
|
$3,515,250,000 | 0.63% |
| Pembina Pipeline Corporation |
No change
91,400
|
$3,389,112,000 | 0.61% |
| Illinois Tool Wo |
No change
14,000
|
$3,317,440,000 | 0.59% |
| Intuit Inc |
No change
5,000
|
$3,286,050,000 | 0.59% |
| Coca-cola Co/the |
No change
50,000
|
$3,182,500,000 | 0.57% |
| Phillips 66 |
8.33%
22,000
|
$3,105,740,000 | 0.56% |
| Mastercard Inc-a |
No change
7,000
|
$3,088,120,000 | 0.55% |
| Procter & Gamble Co. |
No change
18,000
|
$2,968,560,000 | 0.53% |
| Texas Pacific La |
55.56%
4,000
|
$2,937,080,000 | 0.53% |
| Tenaris-adr |
29.63%
95,000
|
$2,899,400,000 | 0.52% |
| Schlumberger Ltd. |
100.00%
60,000
|
$2,830,800,000 | 0.51% |
| Waste Management, Inc. |
No change
13,000
|
$2,773,420,000 | 0.50% |
| Genuine Parts Co. |
17.65%
20,000
|
$2,766,400,000 | 0.50% |
| Thermo Fisher |
No change
5,000
|
$2,765,000,000 | 0.50% |
| Adv Micro Device |
No change
17,000
|
$2,757,570,000 | 0.49% |
| AES Corp. |
14.04%
153,000
|
$2,688,210,000 | 0.48% |
| Microsoft Corporation |
No change
6,000
|
$2,681,700,000 | 0.48% |
| CVS Health Corp |
28.57%
45,000
|
$2,657,700,000 | 0.48% |
| CMS Energy Corporation |
No change
44,000
|
$2,619,320,000 | 0.47% |
| Excelerate Ene-a |
No change
140,000
|
$2,581,600,000 | 0.46% |
| Allstate Corp (The) |
Closed
14,000
|
$2,422,140,000 | |
| Valero Energy Corp. |
16.67%
15,000
|
$2,351,400,000 | 0.42% |
| EOG Resources, Inc. |
Closed
18,000
|
$2,301,120,000 | |
| S&P Global Inc |
No change
5,000
|
$2,230,000,000 | 0.40% |
| Lowe's Cos Inc |
No change
10,000
|
$2,204,600,000 | 0.39% |
| Cisco Systems, Inc. |
28.57%
45,000
|
$2,137,950,000 | 0.38% |
| Fedex Corp |
No change
7,000
|
$2,098,880,000 | 0.38% |
| Exelon Corp. |
No change
60,500
|
$2,093,905,000 | 0.37% |
| Enphase Energy Inc |
9.09%
20,000
|
$1,994,200,000 | 0.36% |
| AMGEN Inc. |
Closed
7,000
|
$1,990,240,000 | |
| Antero Resources Corp |
No change
60,000
|
$1,957,800,000 | 0.35% |
| Deere & Co. |
No change
5,000
|
$1,868,150,000 | 0.33% |
| Coterra Energy Inc |
No change
70,000
|
$1,866,900,000 | 0.33% |
| Edwards Life |
No change
20,000
|
$1,847,400,000 | 0.33% |
| Expro Group Hold |
Opened
80,000
|
$1,833,600,000 | 0.33% |
| Cloudflare Inc-a |
Opened
21,000
|
$1,739,430,000 | 0.31% |
| SM Energy Co |
No change
40,000
|
$1,729,200,000 | 0.31% |
| Halliburton Co. |
28.57%
50,000
|
$1,689,000,000 | 0.30% |
| Newmont Corp |
33.33%
40,000
|
$1,674,800,000 | 0.30% |
| AT&T Inc. |
12.00%
84,000
|
$1,605,240,000 | 0.29% |
| Pnc Financial Se |
0.98%
10,300
|
$1,601,444,000 | 0.29% |
| First Solar Inc |
55.56%
7,000
|
$1,578,220,000 | 0.28% |
| Darling Ingredie |
No change
39,000
|
$1,433,250,000 | 0.26% |
| WEC Energy Group Inc |
Closed
17,000
|
$1,396,040,000 | |
| Caterpillar Inc. |
No change
4,000
|
$1,332,400,000 | 0.24% |
| Array Technologi |
29.41%
120,000
|
$1,231,200,000 | 0.22% |
| Shoals Technol-a |
21.88%
195,000
|
$1,216,800,000 | 0.22% |
| Tesla Inc |
No change
6,000
|
$1,187,280,000 | 0.21% |
| Patterson-uti |
No change
100,000
|
$1,036,000,000 | 0.19% |
| Kinder Morgan In |
No change
50,000
|
$993,500,000 | 0.18% |
| Murphy USA Inc |
33.33%
2,000
|
$938,920,000 | 0.17% |
| Nextracker-cl A |
Opened
20,000
|
$937,600,000 | 0.17% |
| Cactus Inc- A |
54.29%
16,000
|
$843,840,000 | 0.15% |
| Generac Holdings Inc |
44.44%
5,000
|
$661,100,000 | 0.12% |
| Best Buy Co. Inc. |
No change
2,000
|
$168,580,000 | 0.03% |
| Sanofi-adr |
No change
2,200
|
$106,744,000 | 0.02% |
| Chord Energy Corp |
50.00%
600
|
$100,608,000 | 0.02% |
| Us Bancorp |
27.17%
2,340
|
$92,898,000 | 0.02% |
| Wendy's Co/the |
Opened
5,000
|
$84,800,000 | 0.02% |
| Seagate Technolo |
No change
740
|
$76,420,000 | 0.01% |
| T Rowe Price Grp |
566.67%
600
|
$69,186,000 | 0.01% |
| Civitas Resource |
No change
900
|
$62,100,000 | 0.01% |
| Whirlpool Corp. |
33.33%
600
|
$61,320,000 | 0.01% |
| Walgreens Boots |
66.67%
5,000
|
$60,475,000 | 0.01% |
| Dow Inc |
150.00%
1,000
|
$53,050,000 | 0.01% |
| Rio Tinto-adr |
98.62%
700
|
$46,151,000 | 0.01% |
| Citizens Financi |
Opened
1,000
|
$36,030,000 | 0.01% |
| Dominion Energy Inc |
No change
700
|
$34,300,000 | 0.01% |
| Bhp Group-adr |
No change
580
|
$33,112,000 | 0.01% |
| Berry Corp |
No change
5,000
|
$32,300,000 | 0.01% |
| Duke Energy Corp. |
100.00%
300
|
$30,069,000 | 0.01% |
| Lyondellbasell-a |
50.00%
300
|
$28,698,000 | 0.01% |
| Regions Financia |
No change
1,300
|
$26,052,000 | 0.00% |
| Quimica Y-sp Adr |
No change
300
|
$12,225,000 | 0.00% |
| Southern Copper Corporation |
99.17%
3
|
$323,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 130 holdings | |||
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