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

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!