Andreas Halvorsen's Viking Global has revealed a significant new investment in FedEx Freight Holding Co Inc. (FDXF), the recently spun-off less-than-truckload (LTL) carrier. According to a quarterly ownership filing, Viking acquired 2.37 million shares valued at approximately $357.36 million. This new position accounts for 1.02% of the hedge fund's reported portfolio.
The investment disclosure, filed on August 14, 2026, reflects the firm's holdings as of June 30, 2026, so it does not necessarily represent Viking's current position. The trade follows FedEx Freight's launch as an independent, publicly traded company on June 1, 2026, a move intended to unlock shareholder value by creating a more focused LTL shipping pure-play. Other major investors, like the Bill and Melinda Gates Foundation Trust, also took a substantial position in the new company during the same quarter.