CRGI Discloses 32.2M-Share Position in Viking Holdings – 13G/A Filing

Rhea-AI Filing Summary

Capital Research Global Investors (CRGI) has filed Amendment No. 1 to Schedule 13G disclosing a 10.2% stake in Viking Holdings Ltd. (NYSE: VIK). As of 30 June 2025, CRGI reports beneficial ownership of 32,238,381 common shares out of an estimated 315.4 million shares outstanding.

• Sole voting power: 32,210,048 shares
• Sole dispositive power: 32,238,381 shares
• Shared voting/dispositive power: 0 shares

The filing is made under Rule 13d-1(b) — CRGI qualifies as an investment adviser (IA). The certification confirms the shares were acquired in the ordinary course of business and not for the purpose of influencing control.

Holding more than 10% positions CRGI as Viking’s largest or one of its largest institutional investors, potentially increasing market attention on both the issuer and the fund’s future trading activity.

Positive

• Institutional endorsement: Capital Research Global Investors holds 10.2% of outstanding shares, signalling confidence from a blue-chip asset manager.
• Clear control structure: All voting and dispositive power is held solely by CRGI, reducing governance ambiguity.

Negative

• None.

Insights

Financial Analyst

TL;DR – Institutional investor CRGI now owns 10.2% of VIK, signalling confidence and elevating free-float concentration.

CRGI’s disclosed 32.2 million-share position makes it a significant owner, exceeding the 10% threshold that often triggers heightened governance scrutiny and potential filing obligations for future transactions. Although the filing does not reveal purchase price or timing, CRGI’s decision to hold a double-digit stake can be interpreted as a vote of confidence in Viking’s growth prospects after its recent listing. The sole voting and dispositive powers indicate CRGI controls the shares directly, without complex group arrangements, reducing uncertainty around control contests. From a liquidity standpoint, a concentrated holder introduces the dual-edge of lower free float but also the possibility of secondary offerings if the fund elects to exit. For now, the disclosure is modestly positive and impactful because it highlights strong institutional sponsorship that may support share price stability.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Viking Holdings Ltd.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

G93A5A101

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G93A5A101

1

Names of Reporting Persons

Capital Research Global Investors

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 32,210,048.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 32,238,381.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

32,238,381.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.2 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Viking Holdings Ltd.
(b)	Address of issuer's principal executive offices: 5700 CANOGA AVENUE, SUITE 200, WOODLAND HILLS, CA 91367
Item 2.
(a)	Name of person filing: Capital Research Global Investors
(b)	Address or principal business office or, if none, residence: 333 South Hope Street, 55th Fl, Los Angeles, CA 90071
(c)	Citizenship: N/A
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: G93A5A101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 32,238,381 ** **Capital Research Global Investors ("CRGI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 32,238,381 shares or 10.2% of the 315,371,680 shares believed to be outstanding.
(b)	Percent of class: 10.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 32,210,048
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 32,238,381
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Capital Research Global Investors

Signature:	Jae Won Chung
Name/Title:	Vice President and Senior Counsel II, Capital Research and Management Company
Date:	07/01/2025

FAQ

How many Viking Holdings (VIK) shares does Capital Research Global Investors own?

CRGI reports beneficial ownership of 32,238,381 common shares.

What percentage of Viking Holdings’ outstanding shares does this represent?

The position equals 10.2 % of the 315.4 million shares believed to be outstanding.

Does CRGI share voting or dispositive power with any other party?

No. The filing lists 0 shared voting and 0 shared dispositive power.

Under which SEC rule was the Schedule 13G filed?

The statement is filed pursuant to Rule 13d-1(b) for investment advisers.

Why is a 13G/A filing significant for Viking Holdings investors?

It reveals that a major institutional investor now exceeds the 5% (and 10%) ownership thresholds, highlighting notable institutional interest.