13F HOLDINGS REPORT
VIKING FUND MANAGEMENT LLC
Quarter ended Q4 2025 · Filed January 12, 2026 · Accession 0001169069-26-000002
Total Value
$862.8M
Positions
137
Other Managers
0
Confidential Omitted
No
Holdings (137)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | BROADCOM INC | AVGO | 89,000 | $30.8M | 3.57% |
| 2 | TC Energy Corp | TRPRF | 542,000 | $29.8M | 3.46% |
| 3 | NEXTERA ENERGY | NEE-PW | 325,000 | $26.1M | 3.02% |
| 4 | CHEVRON CORP | CVX | 151,500 | $23.1M | 2.68% |
| 5 | CORNING INC | GLW | 230,000 | $20.1M | 2.33% |
| 6 | PEPSICO INC | PEP | 139,000 | $19.9M | 2.31% |
| 7 | ENTERGY CORP | ENO | 210,000 | $19.4M | 2.25% |
| 8 | BRISTOL-MYER SQB | CELG-RI | 321,000 | $17.3M | 2.01% |
| 9 | ABBVIE INC | ABBV | 73,000 | $16.7M | 1.93% |
| 10 | MORGAN STANLEY | MS-PQ | 90,000 | $16.0M | 1.85% |
| 11 | VERIZON COMMUNIC | VZ | 347,000 | $14.1M | 1.64% |
| 12 | CME GROUP INC | CME | 51,600 | $14.1M | 1.63% |
| 13 | XCEL ENERGY INC | XELLL | 190,000 | $14.0M | 1.63% |
| 14 | PRUDENTL FINL | PUKPF | 124,000 | $14.0M | 1.62% |
| 15 | AMER FINL GROUP | 025932104 | 101,000 | $13.8M | 1.60% |
| 16 | QUALCOMM INC | QCOM | 75,000 | $12.8M | 1.49% |
| 17 | NOVO-NORDISK-ADR | NONOF | 250,000 | $12.7M | 1.47% |
| 18 | AT&T INC | T-PC | 495,000 | $12.3M | 1.43% |
| 19 | HEWLETT PACKA | HPE-PC | 490,000 | $11.8M | 1.36% |
| 20 | ALTRIA GROUP INC | MO | 202,000 | $11.6M | 1.35% |
| 21 | JPMORGAN CHASE | VYLD | 36,000 | $11.6M | 1.34% |
| 22 | CITIGROUP INC | C-PR | 98,000 | $11.4M | 1.33% |
| 23 | ENBRIDGE INC | ENNPF | 236,000 | $11.3M | 1.31% |
| 24 | PHILLIPS 66 | PSX | 87,000 | $11.2M | 1.30% |
| 25 | BRIT AMER TO-ADR | 110448107 | 190,000 | $10.8M | 1.25% |
| 26 | MERCK & CO | MRK | 100,000 | $10.5M | 1.22% |
| 27 | BEST BUY CO INC | BBY | 155,000 | $10.4M | 1.20% |
| 28 | NVIDIA CORP | NVDA | 55,000 | $10.3M | 1.19% |
| 29 | MCCORMICK-N/V | MKC-V | 150,000 | $10.2M | 1.18% |
| 30 | BANK OF AMERICA | 060505104 | 180,000 | $9.9M | 1.15% |
| 31 | PERMIAN RESOURCE | PR | 691,000 | $9.7M | 1.12% |
| 32 | HOME DEPOT INC | HD | 28,000 | $9.6M | 1.12% |
| 33 | EXXON MOBIL CORP | XOM | 80,000 | $9.6M | 1.12% |
| 34 | OLD REPUB INTL | 680223104 | 200,000 | $9.1M | 1.06% |
| 35 | ELI LILLY & CO | LLY | 8,300 | $8.9M | 1.03% |
| 36 | CHENIERE ENERGY | LNG | 45,000 | $8.7M | 1.01% |
| 37 | KENVUE INC | KVUE | 500,000 | $8.6M | 1.00% |
| 38 | TARGET CORP | TGT | 88,000 | $8.6M | 1.00% |
| 39 | COCA-COLA CO/THE | KO | 120,000 | $8.4M | 0.97% |
| 40 | PFIZER INC | PFE | 335,500 | $8.4M | 0.97% |
| 41 | KIMBERLY-CLARK | KMB | 81,000 | $8.2M | 0.95% |
| 42 | KLA-TENCOR CORP | KLAC | 6,000 | $7.3M | 0.84% |
| 43 | LOCKHEED MARTIN | LMT | 15,000 | $7.3M | 0.84% |
| 44 | EVERGY INC | EVRG | 100,000 | $7.2M | 0.84% |
| 45 | IBM | INTR | 24,000 | $7.1M | 0.82% |
| 46 | LAM RESEARCH | LRCX | 40,000 | $6.8M | 0.79% |
| 47 | GENUINE PARTS CO | GPC | 55,000 | $6.8M | 0.78% |
| 48 | BAKER HUGHES A | BKR | 144,000 | $6.6M | 0.76% |
| 49 | MCDONALDS CORP | MCD | 20,000 | $6.1M | 0.71% |
| 50 | KODIAK GAS SERVI | 50012A108 | 157,000 | $5.9M | 0.68% |
| 51 | UNITED PARCEL-B | UPS | 59,000 | $5.9M | 0.68% |
| 52 | ALLSTATE CORP | ALL-PJ | 28,000 | $5.8M | 0.68% |
| 53 | ARCHROCK INC | AROC | 220,000 | $5.7M | 0.66% |
| 54 | TARGA RESOURCES | TRGP | 31,000 | $5.7M | 0.66% |
| 55 | APPLE INC | AAPL | 21,000 | $5.7M | 0.66% |
| 56 | PHILIP MORRIS IN | 718172109 | 35,000 | $5.6M | 0.65% |
| 57 | TEXAS INSTRUMENT | 882508104 | 32,000 | $5.6M | 0.64% |
| 58 | TEXAS PACIFIC LA | TPL | 18,900 | $5.4M | 0.63% |
| 59 | UNUM GROUP | UNMA | 70,000 | $5.4M | 0.63% |
| 60 | DELL TECHN-C | DELL | 43,000 | $5.4M | 0.63% |
| 61 | PAYCHEX INC | PAYX | 48,000 | $5.4M | 0.62% |
| 62 | ACCENTURE PLC-A | ACN | 20,000 | $5.4M | 0.62% |
| 63 | BLACKROCK INC | BLK | 5,000 | $5.4M | 0.62% |
| 64 | VISA INC-CLASS A | V | 15,000 | $5.3M | 0.61% |
| 65 | PUB SERV ENTERP | 744573106 | 65,000 | $5.2M | 0.60% |
| 66 | NRG ENERGY INC | NRG | 32,000 | $5.1M | 0.59% |
| 67 | GULFPORT ENERGY | GPOR | 24,000 | $5.0M | 0.58% |
| 68 | SPIRE INC | SRJN | 60,000 | $5.0M | 0.58% |
| 69 | VALERO ENERGY | VLO | 29,000 | $4.7M | 0.55% |
| 70 | STARBUCKS CORP | SBUX | 52,000 | $4.4M | 0.51% |
| 71 | TRANE TECHNOLOGI | TT | 11,000 | $4.3M | 0.50% |
| 72 | VERTIV HOLDING-A | VRT | 26,000 | $4.2M | 0.49% |
| 73 | ILLINOIS TOOL WO | 452308109 | 17,000 | $4.2M | 0.49% |
| 74 | FIRST SOLAR INC | FSLR | 16,000 | $4.2M | 0.48% |
| 75 | CLOUDFLARE INC-A | NET | 21,000 | $4.1M | 0.48% |
| 76 | ANTERO RESOURCES | AR | 120,000 | $4.1M | 0.48% |
| 77 | VISTRA CORP | VST | 25,000 | $4.0M | 0.47% |
| 78 | PROCTER & GAMBLE | 742718109 | 28,000 | $4.0M | 0.47% |
| 79 | MASTERCARD INC-A | MA | 7,000 | $4.0M | 0.46% |
| 80 | LANDBRIDGE CO LL | LB | 80,000 | $3.9M | 0.45% |
| 81 | EQT CORP | EQT | 70,000 | $3.8M | 0.43% |
| 82 | ADV MICRO DEVICE | AMD | 17,000 | $3.6M | 0.42% |
| 83 | DIGITALOCEAN HOL | DOCN | 75,000 | $3.6M | 0.42% |
| 84 | INTUIT INC | INTU | 5,000 | $3.3M | 0.38% |
| 85 | EXPAND ENERGY CORP | EXE | 30,000 | $3.3M | 0.38% |
| 86 | MARSH & MCLENNAN | 571748102 | 17,000 | $3.2M | 0.37% |
| 87 | SCHLUMBERGER LTD | SLB | 80,000 | $3.1M | 0.36% |
| 88 | MICROSOFT CORP | MSFT | 6,000 | $2.9M | 0.34% |
| 89 | THERMO FISHER | TMO | 5,000 | $2.9M | 0.34% |
| 90 | WASTE MANAGEMENT | 94106L109 | 13,000 | $2.9M | 0.33% |
| 91 | AIR PRODS & CHEM | AIIR | 11,000 | $2.7M | 0.31% |
| 92 | CYBERARK SOFTWAR | M2682V108 | 6,000 | $2.7M | 0.31% |
| 93 | EXELON CORP | EXC | 60,000 | $2.6M | 0.30% |
| 94 | S&P GLOBAL INC | SPGI | 5,000 | $2.6M | 0.30% |
| 95 | DIAMONDBACK ENER | FANG | 17,000 | $2.6M | 0.30% |
| 96 | CONOCOPHILLIPS | COP | 27,000 | $2.5M | 0.29% |
| 97 | EXCELERATE ENE-A | EE | 90,000 | $2.5M | 0.29% |
| 98 | MURPHY USA INC | MUSA | 6,000 | $2.4M | 0.28% |
| 99 | LOWE'S COS INC | 548661107 | 10,000 | $2.4M | 0.28% |
| 100 | WILLIAMS COS INC | 969457100 | 40,000 | $2.4M | 0.28% |
| 101 | DEERE & CO | DE | 5,000 | $2.3M | 0.27% |
| 102 | CATERPILLAR INC | CAT | 4,000 | $2.3M | 0.27% |
| 103 | PRIMORIS SERVICE | 74164F103 | 17,000 | $2.1M | 0.24% |
| 104 | PNC FINANCIAL SE | 693475105 | 10,000 | $2.1M | 0.24% |
| 105 | KINDER MORGAN IN | EP-PC | 75,000 | $2.1M | 0.24% |
| 106 | TESLA INC | TSLA | 4,500 | $2.0M | 0.23% |
| 107 | FEDEX CORP | FDX | 7,000 | $2.0M | 0.23% |
| 108 | UNITEDHEALTH GRP | UNH | 6,000 | $2.0M | 0.23% |
| 109 | GE VERNOVA INC | GEV | 3,000 | $2.0M | 0.23% |
| 110 | TECHNIPFMC PLC | FTI | 40,000 | $1.8M | 0.21% |
| 111 | EDWARDS LIFE | EW | 20,000 | $1.7M | 0.20% |
| 112 | NEXTRACKER-CL A | NXT | 19,000 | $1.7M | 0.19% |
| 113 | CAMECO CORP | CCJ | 17,000 | $1.6M | 0.18% |
| 114 | MONDAY.COM LTD | MNDY | 10,000 | $1.5M | 0.17% |
| 115 | CONSTELLATION EN | CEG | 4,000 | $1.4M | 0.16% |
| 116 | CISCO SYSTEMS | CSCO | 15,000 | $1.2M | 0.13% |
| 117 | SHOALS TECHNOL-A | SHLS | 130,000 | $1.1M | 0.13% |
| 118 | TENARIS-ADR | 88031M109 | 28,000 | $1.1M | 0.12% |
| 119 | BLOOM ENERGY C-A | BE | 12,000 | $1.0M | 0.12% |
| 120 | VENTURE GLOBAL-A | VG | 150,000 | $1.0M | 0.12% |
| 121 | TYLER TECHNOLOG | TYL | 2,000 | $907,900 | 0.11% |
| 122 | GENERAC HOLDINGS | GNRC | 4,000 | $545,480 | 0.06% |
| 123 | DORIAN LPG LTD | LPG | 18,000 | $438,120 | 0.05% |
| 124 | NOBLE CORP PLC | NE-WT | 15,000 | $423,600 | 0.05% |
| 125 | EXPRO GROUP HOLD | XPRO | 30,000 | $400,500 | 0.05% |
| 126 | SOUTH BOW CORP | SOBO | 12,000 | $329,640 | 0.04% |
| 127 | REGIONS FINANCIA | RF-PF | 12,000 | $325,200 | 0.04% |
| 128 | RIO TINTO-ADR | RTNTF | 4,000 | $320,120 | 0.04% |
| 129 | BHP GROUP-ADR | BHPLF | 5,000 | $301,850 | 0.03% |
| 130 | EVERSOURCE ENERG | ES | 4,000 | $269,320 | 0.03% |
| 131 | PORTLAND GENERAL | 736508847 | 5,500 | $263,945 | 0.03% |
| 132 | LYONDELLBASELL-A | LYB | 6,000 | $259,800 | 0.03% |
| 133 | CAL-MAINE FOODS | CALM | 3,000 | $238,710 | 0.03% |
| 134 | DIVERSIFIED ENER | DEC | 15,000 | $217,200 | 0.03% |
| 135 | DOMINION ENERGY INC | D | 3,500 | $205,065 | 0.02% |
| 136 | TRUIST FINANCIAL | 89832Q109 | 3,000 | $147,630 | 0.02% |
| 137 | KRAFT HEINZ CO/T | KHC | 6,000 | $145,500 | 0.02% |