Walgreen Company (WAG), llumina Inc. (ILMN), Valeant Pharmaceuticals Intl Inc (VRX): Billionaire Andreas Halvorsen’s Top Stock Picks

Andreas Halvorsen’s Viking Global recently disclosed its long equity positions for the second quarter of 2014. The fund declared holdings worth more than $22.9 billion. In this article I would like to take a look at his top three stakes in order to elucidate if any of them deserve further research and could be considered as attractive investments. These companies are: Walgreen Company (NYSE:WAG), Valeant Pharmaceuticals Intl Inc (NYSE:VRX) and llumina, Inc. (NASDAQ:ILMN).

Same as in the first quarter of the year, Walgreen Company (NYSE:WAG) occupied the first spot in Mr. Halvorsen’s equity portfolio. The $59.3 billion market cap drugstore operator saw the fund trim its stake by 17% over the second quarter; however, it kept the front-runner position, coming in very close to Valeant Pharmaceuticals Intl Inc (NYSE:VRX). Viking Global disclosed ownership of 20.13 million shares, worth roughly $1.49 billion.

Andreas Halvorsen

This stake makes of Viking Global the largest hedge fund shareholder of record at Valeant Pharmaceuticals Intl Inc (NYSE:VRX), trailed by Barry Rosenstein’s Jana Partners, which acknowledged holding 11.1 million shares of the company.

Time Warner Inc (NYSE:TWX) was displaced from the second spot, which is now occupied by Valeant Pharmaceuticals Intl Inc (NYSE:VRX), a $37.95 billion market cap specialty pharmaceutical and medical devices company. Over the second quarter, the fund boosted its exposure to the company by 28%, and now owns more than 11.83 million shares, worth approximately $1.49 million –but slightly less than the stake at Walgreen Company (NYSE:WAG).

There is, however, one fund that seems even more bullish about Valeant Pharmaceuticals Intl Inc (NYSE:VRX). Jeffrey Ubben’s Valueact Capital has more than 17% of its total equity portfolio placed in this company. Its 18.92 million shares stake is worth $2.38 billion, and makes it the largest hedge fund shareholder of record -amongst those we track, followed by Viking Global.

Last in this list is llumina, Inc. (NASDAQ:ILMN), which also kept its position in relation to the previous quarter, despite a 10% diminution in Mr. Halvorsen’s stake. The fund’s 7.99 million shares, worth –also- about $1.42 billion, account for 6.22% of its total equity portfolio.

Other major hedge funds betting on llumina, Inc. (NASDAQ:ILMN) –although their stakes are considerably smaller than Viking Global’s- are Samuel Isaly’s Orbimed Advisors and Sean Cullinan’s Point State Capital. Both these funds upped their bets on the company over the second quarter, and now own more than 1.3 million shares each.

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 healthcare stocks (about 29% of its equity portfolio). The fund also seems to like information technology (17%) and consumer discretionary (17%) stocks.

Disclosure: Javier Hasse holds no position in any stocks or funds mentioned

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!