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Viking Fund Management LLC
Shannon Radke · Asset Manager · Value
Viking Fund Management LLC is an SEC-registered investment advisory firm headquartered in Minot, North Dakota. Founded in 1998 by Shannon Radke, the firm serves as the investment adviser to the Integrity Viking Family of Funds. It specializes in managing a diverse range of products, including regional municipal bond funds specifically tailored for investors in states like North Dakota and Montana, as well as income-oriented equity strategies. Now a subsidiary of Corridor Investors LLC, the firm focuses on delivering long-term growth and steady income to both retail and institutional clients. Viking Fund Management is recognized for its niche expertise in regional fixed income and its disciplined approach to dividend-paying equities, maintaining a strong reputation for conservative, research-driven asset management in the Upper Midwest.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +24.2% |
| YTD return | +18.0% |
| Sharpe ratio | 3.24 |
| Win rate | 49% |
| AUM | $0.5B |
| Inception | Oct 1, 2025 |
| Updated | Sep 21, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.5B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.integrityvikingfunds.com/ |
Current Holdings
Updated on Sep 21, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| CVX | Chevron Corp | 8.9% | +27.8% |
| AVGO | Broadcom Inc | 8.4% | +2.0% |
| HPE | Hewlett Packard Enterprise Co | 6.6% | +106.4% |
| ABBV | AbbVie Inc | 6.3% | +12.0% |
| BMY | Bristol-Myers Squibb Company | 6.0% | +24.4% |
| WMB | Williams Companies Inc | 5.6% | +0.5% |
| PSX | Phillips 66 | 5.1% | +92.9% |
| NEE | Nextera Energy Inc | 5.0% | +0.5% |
| DELL | Dell Technologies Inc | 4.9% | +27.1% |
| GPC | Genuine Parts Co | 4.5% | +2.4% |
| ETR | Entergy Corporation | 4.3% | +8.2% |
| GLW | Corning Incorporated | 4.3% | +31.3% |
| MS | Morgan Stanley | 4.2% | +24.3% |
| XEL | Xcel Energy Inc | 4.1% | -9.1% |
| PEP | PepsiCo Inc | 3.9% | -10.1% |
| VZ | Verizon Communications Inc | 3.8% | +12.9% |
| T | AT&T Inc | 3.6% | -1.8% |
| MKC | McCormick & Company Incorporated | 3.6% | -6.0% |
| SHEL | Shell PLC ADR | 3.5% | -2.0% |
| PRU | Prudential Financial Inc | 3.4% | N/A |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 21, 2026 | SELL | XEL | 4.2% → 4.1% |
| Sep 21, 2026 | SELL | GLW | 4.6% → 4.3% |
| Sep 21, 2026 | SELL | MS | 4.4% → 4.2% |
| Sep 21, 2026 | BUY | BMY | 6.1% → 6.0% |
| Sep 21, 2026 | BUY | NEE | 5.1% → 5.0% |
Investment Style Analysis
Viking Fund Management LLC is widely recognized for employing a Value strategy. As of Sep 21, 2026, the firm oversees approximately $0.5B in assets under management (AUM). The portfolio demonstrates a clear preference for the Utilities - Regulated Electric and Oil & Gas Integrated sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 21, Viking Fund Management LLC made a significant move by reducing the position in XEL. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Viking Fund Management's investment philosophy is built on the pursuit of consistent income and capital preservation through fundamental, long-term research. The firm avoids speculative or high-turnover strategies, opting instead to invest in high-quality assets with proven track records. Its equity strategy focuses on value-oriented, large-cap companies that demonstrate the ability to sustain and grow dividends across various market cycles. In its fixed-income portfolios, the firm employs a non-interest-rate-anticipatory approach, focusing on bottom-up credit analysis to identify undervalued municipal bonds. This conservative methodology aims to provide investors with reliable, tax-efficient returns while minimizing exposure to volatile market swings.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Viking Fund Management LLC.
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Frequently asked questions
How is the simulated portfolio for Viking Fund Management LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Viking Fund Management LLC's largest holding?
As of the latest filing, Viking Fund Management LLC's top position is Chevron Corp (CVX), representing 8.9% of the portfolio. This reflects a high-conviction bet by the institution.
What is Viking Fund Management LLC's historical performance and risk profile?
Our simulation indicates a total return of +24.2% with a win rate of 49%. Notably, the portfolio maintains a Sharpe Ratio of 3.24, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Viking Fund Management LLC primarily invest in?
Viking Fund Management LLC has a strong preference for the Utilities - Regulated Electric sector, which makes up 13.4% of their disclosed assets. The portfolio also has exposure to Oil & Gas Integrated, indicating a specific thematic focus.
Is Viking Fund Management LLC's portfolio concentrated or diversified?
Viking Fund Management LLC runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 23.9% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Viking Fund Management LLC performed in 2026?
Our AI-simulated model portfolio for Viking Fund Management LLC tracks a Year-to-Date (YTD) return of +18.0%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Shannon Radke manage Viking Fund Management LLC directly?
Yes, Shannon Radke serves as the key portfolio manager for Viking Fund Management LLC, overseeing the investment strategy and final capital allocation decisions.