Viking Global’s Top Five Picks for Q1 include Walgreen Company (WAG) & Time Warner Inc (TWX)

Last week, Andreas Halvorsen’s Viking Global, filed a Form 13F at the U.S. Securities and Exchange Commission, disclosing its equity positions as of March 31 2014. Over the first quarter, the fund started 21 new stock positions, increased its stakes in 22 of its preexisting holdings, and sold out of 26 other positions. In this article, I want to take a brief look at the fund’s top positions, and how they have changed over Q1.

Andreas Halvorsen

Viking Global’s top five holdings changed substantially over the first fiscal quarter, and now account for more than 28% of the fund’s equity portfolio’s value. The first place, which used to belong to Thermo Fisher Scientific Inc. (NYSE:TMO), was taken by Walgreen Company (NYSE:WAG), a $65.8 billion market cap company that operates a network of drugstores in the United States. The pharmaceutical retailer saw the fund’s position double over the first quarter, to roughly 24 million shares, worth more than $1.6 billion.

Similar is Barry Rosenstein’s Jana Partners’ case, which also increased its stakes in the stock by 65%, and now owns about 12 million shares. This makes it Jana Partners’ most valuable equity holding, as well.

The second most expensive holding in Mr. Halvorsen’s equity portfolio escalated from the sixth position in the previous quarter. Time Warner Inc (NYSE:TWX), a $61.8 billion market cap media and entertainment company, witnessed a marked increase in Viking Global’s position over the quarter. Up 61% in relation to the previous quarter, the fund now owns 21.6 million shares, which is more than $1.5 billion in stock. Another major fund betting on this company is Daniel S. Och’s Oz Management, which upped its wager by 22%, to 9.24 million shares (once again, this makes it the fund’s most valuable equity position).

In the third place, there’s Illumina, Inc. (NASDAQ:ILMN), developer, manufacturer and marketer of integrated systems for the large scale analysis of genetic variation and biological function, with a market cap barely shy of $20 billion. During the first quarter, Viking Global acquired about 7.17 million shares of the company, worth more than $1.1 billion, and now owns 8.86 million shares, which account for 5.5% of its total equity portfolio.

In addition to Mr. Halvorsen, Israel Englander’s Millennium Management, has been increasing its stakes in Illumina for, at least, a couple of quarters. Over Q1, the fund bought 100,503 shares of the company, and now owns 786,014 shares.

Finally, I would like to review two more bullish moves that took place over the quarter. Valeant Pharmaceuticals Intl Inc (NYSE:VRX) and Twenty-First Century Fox Inc (NASDAQ:FOXA) saw the fund increase its stakes by 11% and 26%, respectively. Viking Global now owns about $1.2 billion in each of the large-cap companies’ stock. Another fund that has placed big wagers on these companies is Stephen Mandel’s Lone Pine Capital, who owns about $1.1 billion in Valeant’s stock, and more than $600 million in Twenty-First Century Fox’s stock.

Viking Global is a New York-based hedge fund managed by one of the most successful Tiger cubs, Norwegian Ole Andreas Halvorsen. The fund follows a bottom-up stock picking approach, and invests primarily on services stocks (about 34% of its equity portfolio). Other popular sectors within the fund’s holdings are healthcare (19%), technology (18%) and basic materials (13%). Its portfolio is currently valued at more than $23 billion.

Disclosure: Javier Hasse holds no position in any stocks mentioned.

Recommended Reading:

Viking Global Boosts Its Stake in Illumina, Inc. (ILMN)

Viking Global Top Picks From the Latest 13F

Andreas Halvorsen is Rolling With Time Warner, Capital One & Comcast

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!