Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Wayfair Inc (W): Viking Global Continues to Boost Stake in Recently-Public Company

Andreas Halvorsen’s Viking Global continues to place its bets on Wayfair Inc (NYSE:W), as it recently disclosed the purchase of 2,400 shares of Class A Common Stock, for $25.17 per share. The funds affiliated to Mr. Halvorsen (Viking Global) now own an aggregate of 668,760 hares of Class A Common Stock, and 1.58 million shares of Class B Common Stock. As recently reported, Viking Global started a position (with 12.6% of its outstanding stock) in this recently-public company almost a month ago.

Andreas Halvorsen

Viking Global is a Connecticut-based global investment firm managing more than twenty billion dollars in capital, with offices in Greenwich, New York City, Hong Kong, and London. It was founded in 1999 by Norwegian Tiger cub Andreas Halvorsen, along with -also- former Tiger Global employees David Ott and Brian Olson. On 2005, Mr. Olson left Viking; five years later, Mr. David Ott did the same. Between June 2005 (when Ott became the CIO of Viking) and March 2010, Viking Global returned 119% vs. 11% for the MSCI World Index.

Wayfair Inc (NYSE:W) is a $2.12 billion market cap e-commerce that offers visually inspiring browsing, compelling merchandising, easy product discovery and prices for over seven million products from over 7,000 suppliers across five brands:, Joss & Main, AllModern, DwellStudio and Birch Lane. As I mentioned in a previous article, the company went public on October 2; and it was the first e-commerce company that did so since Alibaba Group Holding Ltd (NYSE:BABA)’s NYSE listing. Wayfair Inc (NYSE:W)’s initial public offering comprised 12.65 million shares of its Class A common stock, sold at a price to the public of $29.00 per share. The offering was closed on October 7; 10.5 million shares were sold by Wayfair, and the remaining 2.15 million, by certain selling stockholders.

Then, on November 3, almost a month after the offering closed, Viking Global filed a Form 4 with the SEC disclosing the purchase of 2,400 shares of Class A Common Stock of Wayfair Inc (NYSE:W), for $25.17 per share. After this transaction, Mr. Halvorsen’s funds own a total of 668,760 shares of Class A Common Stock, and 1.58 million shares of Class B Common Stock.

In addition to Wayfair Inc (NYSE:W), Mr. Halvorsen has been active in Pioneer Natural Resources (NYSE:PXD). Following a significant increase in its exposure to the company, the fund owns 6.74 million shares, which represent 4.7% of Pioneer’s outstanding stock.

But, why track Mr. Halvorsen’s moves? Well, according to Viking Global’s 2014 Q2 investor letter, its long/short fund, Viking Global Equities, returned 6.4% during the first half of this year, while its long only fund, Viking Long Fund, delivered an 9.5% gain for the same period whereas S&P 500 index returned 7.1%.

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

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.