VIKING FUND MANAGEMENT LLC
Filing Date
Global Rank
#1,790
/ 8,578
▲ 168
Top Industry
Drug Manufacturers - General
8.6%
3Y Alpha vs SPY
-0.2%
Period ended 3 months ago
Filed Apr 10, 2026 · 2mo
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+76.5%
SPY
+77.5%
Annualised alpha
-0.2%
Max drawdown
−15.4%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
142 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
3.5%
−0.1 pts
Top 5
15.6%
+0.5 pts
Top 10
26.6%
+1.1 pts
HHI
141
Diversified+3
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Energy | 27.2% | $264,871,520 |
| Technology | 16.6% | $162,314,094 |
| Financial Services | 13.0% | $126,508,740 |
| Consumer Defensive | 10.6% | $103,447,100 |
| Utilities | 9.7% | $94,737,565 |
| Healthcare | 9.2% | $90,017,510 |
| Consumer Cyclical | 4.5% | $43,878,035 |
| Industrials | 4.1% | $40,337,830 |
| Communication Services | 4.1% | $40,268,730 |
| Basic Materials | 0.9% | $9,178,410 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| WMB | Williams Companies, Inc. | +200,000 | 240,000 | $17,467,200 | |
| VG | Venture Global, Inc. | +80,000 | 230,000 | $3,624,800 | |
| T | At&T Inc. | +80,000 | 575,000 | $16,669,250 | |
| XEL | Xcel Energy Inc | +70,000 | 260,000 | $20,654,400 | |
| HPE | Hewlett Packard Enterprise Co | +60,000 | 550,000 | $13,095,500 | |
| EXE | EXPAND ENERGY Corp | +58,000 | 88,000 | $9,660,640 | |
| BMY | Bristol Myers Squibb Co | +52,000 | 373,000 | $22,622,450 | |
| PG | PROCTER & GAMBLE Co | +52,000 | 80,000 | $11,555,200 | |
| MKC | Mccormick & Co Inc | +50,000 | 200,000 | $10,088,000 | |
| GPC | Genuine Parts Co | +45,000 | 100,000 | $10,575,000 | |
| BAC | Bank Of America Corp /De/ | +40,000 | 220,000 | $10,725,000 | |
| FANG | Diamondback Energy, Inc. | +38,000 | 55,000 | $10,878,450 | |
| KMB | Kimberly Clark Corp | +22,000 | 103,000 | $9,936,410 | |
| AVGO | Broadcom Inc. | +20,000 | 109,000 | $33,736,590 | |
| NVO | Novo Nordisk A S | +20,000 | 270,000 | $9,922,500 | |
| BTI | British American Tobacco p.l.c. | +20,000 | 210,000 | $12,278,700 | |
| VZ | Verizon Communications Inc | +20,000 | 367,000 | $18,423,400 | |
| TRGP | Targa Resources Corp. | +19,000 | 50,000 | $12,536,500 | |
| ABBV | AbbVie Inc. | +17,000 | 90,000 | $19,574,100 | |
| KO | Coca Cola Co | +15,000 | 135,000 | $10,266,750 | |
| PAYX | Paychex Inc | +12,000 | 60,000 | $5,527,200 | |
| CVX | Chevron Corp | +10,000 | 161,500 | $33,414,350 | |
| JPM | Jpmorgan Chase & Co | +8,000 | 44,000 | $12,943,040 | |
| ALL | Allstate Corp | +7,000 | 35,000 | $7,256,900 | |
| TFC | Truist Financial Corp | +5,000 | 8,000 | $367,760 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PR | Permian Resources Corp | −280,000 | 411,000 | $8,762,520 | |
| ENB | Enbridge Inc | −230,000 | 6,000 | $324,840 | |
| KVUE | Kenvue Inc. | −200,000 | 300,000 | $5,172,000 | |
| TGT | Target Corp | −70,000 | 18,000 | $2,181,600 | |
| BBY | Best Buy Co Inc | −49,000 | 106,000 | $6,805,200 | |
| GLW | Corning Inc /Ny | −45,000 | 185,000 | $25,154,450 | |
| NEE | Nextera Energy Inc | −40,000 | 285,000 | $26,470,800 | |
| XOM | Exxon Mobil Corp | −30,000 | 50,000 | $8,483,000 | |
| LB | LandBridge Co LLC | −24,000 | 56,000 | $3,866,800 | |
| NVDA | Nvidia Corp | −20,000 | 35,000 | $6,104,000 | |
| SLB | Slb Limited/Nv | −20,000 | 60,000 | $3,083,400 | |
| LRCX | Lam Research Corp | −20,000 | 20,000 | $4,273,200 | |
| BKR | Baker Hughes Co | −14,000 | 130,000 | $7,936,500 | |
| TRP | Tc Energy Corp | −12,000 | 530,000 | $33,178,000 | |
| XPRO | Expro Group Holdings N.V. | −10,000 | 20,000 | $348,200 | |
| VRT | Vertiv Holdings Co | −10,000 | 16,000 | $4,009,280 | |
| TPL | Texas Pacific Land Corp | −9,900 | 9,000 | $4,271,040 | |
| CCJ | Cameco Corp | −9,000 | 8,000 | $868,880 | |
| COP | Conocophillips | −7,000 | 20,000 | $2,640,000 | |
| NRG | Nrg Energy, Inc. | −6,000 | 26,000 | $3,799,640 | |
| ETR | Entergy Corp /De/ | −5,000 | 205,000 | $23,033,800 | |
| VST | Vistra Corp. | −5,000 | 20,000 | $3,006,600 | |
| PM | Philip Morris International Inc. | −5,000 | 30,000 | $4,960,200 | |
| TS | Tenaris SA | −3,000 | 25,000 | $1,454,500 | |
| KLAC | Kla Corp | −3,000 | 3,000 | $4,417,230 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
16 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SHEL | Shell plc | 160,000 | $14,880,000 | |
| FITB | Fifth Third Bancorp | 200,000 | $9,292,000 | |
| TTE | TotalEnergies SE | 100,000 | $9,098,000 | |
| GOOGL | Alphabet Inc. | 18,000 | $5,176,080 | |
| OVV | Ovintiv Inc. | 60,000 | $3,561,600 | |
| NEXT | NextDecade Corp | 450,000 | $3,447,000 | |
| BMI | Badger Meter Inc | 20,000 | $3,047,000 | |
| DOW | Dow Inc. | 60,000 | $2,499,000 | |
| NTR | Nutrien Ltd. | 30,000 | $2,263,800 | |
| PANW | Palo Alto Networks Inc | 13,203 | $2,116,704 | |
| DAR | Darling Ingredients Inc. | 30,000 | $1,855,500 | |
| CVE | Cenovus Energy Inc. | 60,000 | $1,591,800 | |
| UBS | UBS Group AG | 17,000 | $664,190 | |
| SNY | Sanofi | 12,000 | $578,160 | |
| NGG | National Grid PLC | 5,000 | $423,000 | |
| BKE | Buckle Inc | 8,000 | $402,880 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
10 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CME | Cme Group Inc. | 51,600 | $14,090,928 | |
| PEG | Public Service Enterprise Group Inc | 65,000 | $5,219,500 | |
| GPOR | Gulfport Energy Corp | 24,000 | $4,991,760 | |
| EE | Excelerate Energy, Inc. | 90,000 | $2,524,500 | |
| PRIM | Primoris Services Corp | 17,000 | $2,110,380 | |
| MNDY | monday.com Ltd. | 10,000 | $1,475,600 | |
| CEG | Constellation Energy Corp | 4,000 | $1,413,080 | |
| BE | Bloom Energy Corp | 12,000 | $1,042,680 | |
| TYL | Tyler Technologies Inc | 2,000 | $907,900 | |
| KHC | Kraft Heinz Co | 6,000 | $145,500 | |
| No positions match the current search. | ||||
9 positions ·
$43,878,035 total
· Consumer Cyclical only
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| BKE |
Buckle Inc
Consumer Cyclical
|
NEW | 8,000 | $402,880 | 0.92% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Held | 4,500 | $1,672,875 | 3.81% | |
| MUSA |
Murphy USA Inc.
Consumer Cyclical
|
Reduced | 4,000 | $1,975,880 | 4.50% | |
| LOW |
Lowes Companies Inc
Consumer Cyclical
|
Held | 10,000 | $2,362,800 | 5.38% | |
| SBUX |
Starbucks Corp
Consumer Cyclical
|
Held | 52,000 | $4,658,680 | 10.62% | |
| MCD |
Mcdonalds Corp
Consumer Cyclical
|
Held | 20,000 | $6,215,800 | 14.17% | |
| BBY |
Best Buy Co Inc
Consumer Cyclical
|
Reduced | 106,000 | $6,805,200 | 15.51% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Held | 28,000 | $9,208,920 | 20.99% | |
| GPC |
Genuine Parts Co
Consumer Cyclical
|
Added | 100,000 | $10,575,000 | 24.10% |