Viking Global Investors, the hedge fund managed by Andreas Halvorsen, dramatically reduced its stake in Capital One Financial Corp. by nearly 76% during the second quarter of 2026. The firm sold approximately 1.22 million shares, leaving it with a holding of 387,810 shares valued at $77.8 million as of the report period's end. The estimated value of the shares sold is over $245 million.
This trade information comes from a delayed 13F filing released on August 14, which discloses positions held as of June 30, 2026. The reduction in Viking's position occurred during a quarter where Capital One reported a substantial increase in net income to $3.0 billion, a significant improvement from a net loss in the same quarter of the previous year.