Viking Global Bets Big On SpaceX While Ditching CoreWeave, Alphabet in Q2
Viking Global Investors, the Stamford, Connecticut-based hedge fund run by Andreas Halvorsen, filed its second-quarter 13F on Friday, disclosing a mix of fresh stakes, complete exits and active trims.
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New Positions
Viking Global initiated four new positions in Q2. It picked up 1.2 million Class A shares of Space Exploration Technologies Corp. (NASDAQ:SPCX), Elon Musk‘s SpaceX. It also reported 1.6 million shares of Morgan Stanley (NYSE:MS), 1.5 million shares of Qualcomm Inc. (NASDAQ:QCOM), and 3.7 million shares of CVS Health Corp. (NYSE:CVS).
None of these names carried a prior stake on record, marking a genuine expansion into insurance-adjacent healthcare, semiconductors and space infrastructure.
Closed Positions
Two names disappeared entirely from the book. Viking dissolved its stake in CoreWeave Inc. (NASDAQ:CRWV), the AI cloud infrastructure provider that had been a hot momentum trade earlier in the year.
Viking also fully exited its Class A stake in Alphabet Inc. (NASDAQ:GOOGL), walking away from the search giant altogether rather than simply trimming.
Active Additions
Several existing holdings grew sharply. The Home Depot, Inc. (NYSE:HD) stake jumped 82.6% to 920,595 shares and Meta Platforms, Inc. (NASDAQ:META) rose 75.8% to 1.9 million Class A shares. The firm’s Amazon.com, Inc. (NASDAQ:AMZN) position also grew, landing at 3.7 million shares.
Active Trims
Not every legacy position got the same treatment. Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) took one of the sharpest cuts among partial reductions, down 29% to 3.2 million shares.
Tesla, Inc. (NASDAQ:TSLA) saw an even steeper haircut, reduced by 78% to just 547,816 shares. The firm’s Microsoft Corp. (NASDAQ:MSFT) position was cut by 36.8% to 1.5 million shares.
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