Viking Fund Management LLC Q4 2022 vs. Q1 2023 Holdings Changes

As we move forward into 2023, it's important to take a look back at the Q4 2022 holdings of the Viking Fund Management LLC and compare them to their Q1 2023 holdings. In this blog post, we'll dive into the changes made by Viking Fund Management LLC in their 13F holdings and explore what these changes mean for the future.

Firstly, it's important to understand that Viking Fund Management LLC is a privately owned hedge fund sponsor. The company manages hedge funds for its clients and invests in public equity and fixed income markets of the United States.

When we look at the CSV provided, we can see that Viking Fund Management LLC made several interesting changes to its holdings. One of the biggest changes was made with Broadcom Inc (AVGO). Viking Fund Management LLC held onto 35,500 shares of AVGO in both Q4 2022 and Q1 2023. However, the Q4 2022 value of these shares was $19,849,000, while the Q1 2023 value skyrocketed to $22,774,000, representing an impressive surge of 14.7%.

Another notable change was made with Diamondback Energy (FANG). During Q4 2022, Viking Fund Management LLC held 107,000 shares of FANG, which increased to 114,000 shares in Q1 2023. This movement represented a 5.3% increase in shares, with Q4 2022 shares summing up to a value of $14,635,000 and Q1 2023 with the value of $15,409,000.

On the flip side, Exxon Mobil Corp (XOM) experienced a decrease in shares. In Q4 2022, Viking Fund Management LLC held 125,000 shares of XOM, but this dropped to 115,000 shares in Q1 2023. This change represented an 8.5% decrease in shares, with the value of shares falling from $13,787,000 in Q4 2022 to $12,610,000 in Q1 2023.

Qualcomm Inc (QCOM), on the other hand, underwent a significant change in the number of shares held by Viking Fund Management LLC. The number of shares jumped from 75,000 in Q4 2022 to 88,000 in Q1 2023, marking a 36.2% surge in shares. This move resulted in a value increase from $8,245,000 in Q4 2022 to $11,227,000 in Q1 2023.

One of the more dramatic changes was with NextEra Energy (NEE). In Q4 2022, Viking Fund Management LLC owned 105,000 shares in NEE, which decreased to 85,000 shares in Q1 2023. This change represented a significant 25.4% decrease in shares, with the Q4 2022 shares worth $8,778,000 and the Q1 2023 shares worth only $6,551,000.

Overall, Viking Fund Management LLC made changes that could be seen as both positive and negative. While some of its holdings experienced increases, others underwent decreases. However, investors should bear in mind that the decisions made by Viking Fund Management LLC were based on its strategic outlook, and it will remain to be seen how they will fare in the upcoming quarters.

In conclusion, Viking Fund Management LLC's Q4 2022 to Q1 2023 holdings underwent dynamic changes. The figures presented in the CSV highlight the changes in shares in companies, and investors can use them to make informed predictions for their investments.