Viking Global, the prominent hedge fund managed by Andreas Halvorsen, established a new position in semiconductor leader Qualcomm during the second quarter of 2026. The firm purchased 1.51 million shares valued at approximately $279.81 million, giving the new stake a 0.80% weight in its reported portfolio. Halvorsen, a well-known "Tiger Cub," is noted for a research-intensive, bottom-up stock selection process.
This investment was disclosed in a mandatory quarterly filing dated August 14, 2026, which reflects trades made between April 1 and June 30. During that period, Qualcomm announced its Q2 fiscal results, an upcoming Investor Day focused on diversification into data centers and AI, and a quarterly dividend. The move was part of a broader portfolio rebalance at Viking, which initiated 37 new positions and exited 25 during the quarter.