Billionaire Andreas Halvorsen’s Largest New Positions Include Intercontinental Exchange, Microsoft Corporation & More

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Andreas Halvorsen co-founded Viking Global together his Tiger Management colleagues David Ott and Brian Olson back in 1999. Viking follows a bottom-up stock picking approach when it comes to investing. The fund takes long, as well as, short positions in equites.

The equity portfolio of Viking Global had a value of $23.54 billion at the end of the second quarter, up from $22.71 billion reported at the end of the previous quarter. The fund’s largest exposure was to the technology sector, which amassed 30% of the value. Viking Global also had 21% invested in healthcare stocks and 18% in the consumer discretionary sector. Moreover, during the second quarter, Viking initiated new positions in 13 companies and, in this article, we will focus on Viking Global’s top new picks.

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Andreas Halvorsen

In Intercontinental Exchange Inc (NYSE:ICE), Viking Global acquired 1.13 million shares during the second quarter, whose value stood at $290.13 million at the end of June. Overall, 49 funds from our database were long Intercontinental Exchange, holding $2.22 billion worth of shares, and amassing 7.30% of outstanding stock, compared to 48 funds holding $2.20 billion worth of shares a quarter earlier. Last month, Intercontinental Exchange reported second-quarter earnings of $3.43 per share, beating consensus estimate by $3.38 per share, while its revenue of $1.13 billion, topped the expectations by $10 million.

Follow Intercontinental Exchange Inc.

Viking Global bought 5.63 million shares of Microsoft Corporation (NASDAQ:MSFT) during the second quarter, which were valued at $288.28 million at the end of June. Microsoft was one of the most popular stocks among the funds we track, with 131 funds holding $18.81 billion worth of shares at the end of June, down from  144 funds holding $20.83 billion worth shares at the end of the first quarter. Earlier this week, Microsoft announced a dividend of $0.39 per share, up by around 8% from the previous one, which gives its stock a forward yield of 2.75%. Microsoft is scheduled to release its fiscal first-quarter results on October 20 and it is expected to report earnings of  $0.68 per share for its fiscal first quarter on revenue of $21.71 billion.

Follow Microsoft Corp (NASDAQ:MSFT)

Read about Viking Global’s three other new picks on the next page.

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