<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001283718</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>5</amendmentNo>
      <securitiesClassTitle>Ordinary Shares</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>06/30/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001745201</issuerCik>
        <issuerName>Viking Holdings Ltd.</issuerName>
        <issuerCusips>
          <issuerCusipNumber>G93A5A101</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <street1 xmlns="http://www.sec.gov/edgar/common">94 Pitts Bay Road</street1>
          <city xmlns="http://www.sec.gov/edgar/common">Pembroke</city>
          <stateOrCountry xmlns="http://www.sec.gov/edgar/common">D0</stateOrCountry>
          <zipCode xmlns="http://www.sec.gov/edgar/common">HM 08</zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Canada Pension Plan Investment Board</reportingPersonName>
      <citizenshipOrOrganization>Z4</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>11244744</soleVotingPower>
        <sharedVotingPower>0</sharedVotingPower>
        <soleDispositivePower>11244744</soleDispositivePower>
        <sharedDispositivePower>0</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>11244744</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>3.5</classPercent>
      <typeOfReportingPerson>FI</typeOfReportingPerson>
      <comments>(1) Based on a total of approximately 318,386,000 shares of ordinary shares of the issuer outstanding as of March 31, 2026, as disclosed in the issuer's Form 6-K filed with the Securities and Exchange Commission on May 14, 2026.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Viking Holdings Ltd.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>94 Pitts Bay Road Pembroke Bermuda HM 08</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Canada Pension Plan Investment Board</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>One Queen Street East
Suite 2500
Toronto, Ontario
M5C 2W5
Canada</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Canada</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>See Item 9 on page 2.</amountBeneficiallyOwned>
        <classPercent>See Item 11 on page 2. </classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>See Item 5 on page 2. </solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>See Item 6 on page 2. </sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>See Item 7 on page 2.</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>See Item 8 on page 2. </sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>Y</notApplicableFlag>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Canada Pension Plan Investment Board</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Howard Rusak</signature>
        <title>Managing Director, Legal</title>
        <date>08/14/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureComments>See Exhibit 99.1 Power of Attorney of Canada Pension Plan Investment Board (incorporated by reference to Exhibit 99.1 of Amendment No. 4 to the Schedule 13G filed by Canada Pension Plan Investment Board in respect of the issuer with the Securities and Exchange Commission on February 17, 2026).</signatureComments>
  </formData>
</edgarSubmission>
