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Portfolio (Quarterly) Guide ↗

VIKING FUND MANAGEMENT LLC

· CIK 0001169069
13F Portfolio $975.6B AUM 142 positions Filed Apr 10, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 16 New 32 Added 29 Reduced 11 Exited
Page 5 of 8  ·  142 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 NRG NRG ENERGY INC Utilities 26,000.0 $3.8M 0.39% -6K -18.8% $146.14 -14.5%
82 VENTURE GLOBAL-A 230,000.0 $3.6M 0.37% +80K +53.3% $15.76
83 OVV OVINTIV INC Energy 60,000.0 $3.6M 0.36% NEW $59.36 +1.5%
84 MA MASTERCARD INC-A Financial Services 7,000.0 $3.5M 0.36% $499.66 +0.1%
85 AMD ADV MICRO DEVICE Technology 17,000.0 $3.5M 0.35% $203.43 +106.0%
86 NEXT NEXTDECADE CORP Energy 450,000.0 $3.4M 0.35% NEW $7.66 +14.4%
87 APD AIR PRODS & CHEM Basic Materials 11,000.0 $3.2M 0.33% $290.49 +1.4%
88 FSLR FIRST SOLAR INC Energy 16,000.0 $3.2M 0.32% $197.26 +16.3%
89 SLB SLB LTD Energy 60,000.0 $3.1M 0.32% -20K -25.0% $51.39 +10.9%
90 BMI BADGER METER INC Technology 20,000.0 $3.0M 0.31% NEW $152.35 -22.6%
91 VST VISTRA CORP Utilities 20,000.0 $3.0M 0.31% -5K -20.0% $150.33 -10.4%
92 WM WASTE MANAGEMENT Industrials 13,000.0 $3.0M 0.31% $229.79 -3.6%
93 MRSH MARSH & MCLENNAN Financial Services 17,000.0 $2.9M 0.30% $173.45 -5.1%
94 EXC EXELON CORP Utilities 60,000.0 $2.9M 0.30% $49.02 -10.5%
95 CAT CATERPILLAR INC Industrials 4,000.0 $2.8M 0.29% $708.46 +22.0%
96 DE DEERE & CO Industrials 5,000.0 $2.8M 0.29% $563.30 +0.2%
97 TECHNIPFMC PLC 40,000.0 $2.8M 0.28% $69.13
98 COP CONOCOPHILLIPS Energy 20,000.0 $2.6M 0.27% -7K -25.9% $132.00 -5.9%
99 KMI KINDER MORGAN IN Energy 75,000.0 $2.5M 0.26% $33.53 +0.1%
100 DOW DOW INC Basic Materials 60,000.0 $2.5M 0.26% NEW $41.65 -7.2%
Page 5 of 8  ·  142 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Energy 25.9%
Technology 16.6%
Financial Services 13.7%
Consumer Defensive 11.2%
Healthcare 9.8%
Utilities 8.0%
Consumer Cyclical 4.8%
Industrials 4.8%
Communication Services 4.4%
Basic Materials 1.0%