U S Global Investors 13F: Cuts Viking (VIK) Stake by $1.3M

U S Global Investors trimmed its stake in Viking Holdings Ltd (NYSE:VIK) by 88.2%, selling 16,700 shares during the period to leave its holdings at 2,235 shares. The remaining shares carried a value of about $175,068 at the time of the disclosure.

VIK Viking Holdings Ltd

$82.19 ▲ +13.73% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in U S Global Investors's Viking Holdings Ltd Position

In a Form 13F filing on October 22, 2026, the fund reported dropping most of its investment in the cruise operator. The reduction brought its share count down from 18,935 shares to 2,235 shares. Viking Holdings shares closed at $85.00 on the day of the filing.

Other Institutional Activity in Viking Holdings Ltd

Other large funds made major adjustments to their positions in the cruise operator. Ninety One UK grew its holdings by 1,358,007 shares, ending with 1,949,815 shares worth about $152,729,022. Canada Pension Plan Investment Board cut its stake by 44.2%, reducing its holdings by 8,899,907 shares to finish with 11,244,744 shares valued at $924,767,722. Massachusetts Financial Services Co. grew its stake by 22.7%, adding 1,795,540 shares to hold 9,691,495 shares worth $797,028,528. AQR Capital Management, LLC lifted its position by 23.8%, purchasing 1,787,896 shares to end with 9,293,755 shares valued at $764,318,391. Select Equity Group LP trimmed its stake by 20.4%, shedding 2,200,306 shares to hold 8,601,393 shares worth $707,378,541.

Viking Holdings Ltd Stock Down 5.1%

Viking Holdings shares recently traded around $82.24, which is down about 3.2% from the filing date close of $85.00. The stock sits below its 50-day moving average of $85.81 and below its 200-day moving average of $84.72. Over the past year, the shares have traded between a low of $56.37 and a high of $110.09.

Recent Earnings

Viking Holdings reported strong profitability metrics, posting trailing twelve month revenue of $6.97 billion and earnings of $3.01 per share. The company achieved a net margin of 19.3% and a return on equity of 139.6%. Revenue grew 16.5% compared to the same period a year earlier. Investors look ahead to the company's next earnings report, scheduled for November 18, 2026.

Insider Buying and Selling at Viking Holdings Ltd

Company insiders made several transactions in recent months. EVP of Marketing Richard Marnell sold 6,120 shares on June 15, 2026, at $94.30 per share for a total value of $577,139 under a Rule 10b5-1 plan. On the same day, officer Anton Hofmann sold 94,276 shares valued at $8,987,545. Richard Marnell sold an additional 159 shares on June 16, 2026, at $94.67 per share worth $15,052 under a trading plan. Later, officer Milton Hugh sold 20,000 shares on September 11, 2026, for a total value of $1,711,453.

Analysts Set New Price Targets

Wall Street firms actively updated their views on the cruise provider. On September 25, 2026, StoneX initiated coverage with a buy rating and a $99.00 price target. Stifel maintained a buy rating while lowering its target from $120.00 to $115.00 on September 28, 2026. Barclays upgraded the stock to overweight and raised its target from $90.00 to $102.00 on October 13, 2026. Susquehanna maintained a positive rating while trimming its target from $105.00 to $100.00 on October 20, 2026. Morgan Stanley maintained an equal-weight rating and raised its target from $93.00 to $94.00 on October 22, 2026. The stock carries a consensus strong buy rating from 22 analysts, with a mean price target of $109.22.

About Viking Holdings Ltd

Viking Holdings Ltd operates passenger cruises across North America, Europe, and international destinations. The business runs through distinct river and ocean segments, offering localized cruise itineraries for English-speaking travelers. The company's fleet serves leisure travelers looking for cultural and destination-focused voyages.

Bottom Line

Institutional adjustments in Viking Holdings highlight active portfolio rebalancing across the travel sector. Investors will monitor the upcoming earnings release on November 18, 2026, for further updates on revenue growth and profit margins.