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☆ Viking Global shifts Big Tech holdings in first quarter
▼ + stars: | 2024-05-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Ole Andreas Halvorsen's Viking Global appeared to relocate money within megacap technology in the first quarter. Viking Global zeroed out a position of nearly 3.3 million shares in Alphabet during the first three months of 2024, regulatory fillings show. It's nearly 1.6 million shares at a total value of more than $670 million. With that increase, Viking Global holds more than 1.9 million shares, or more than $1.2 billion. Outside of tech, Viking Global began holding Clorox , Dollar Tree , Skechers and Las Vegas Sands during the period.

Persons: Ole Andreas Halvorsen's, Halvorsen, Julian Robertson Organizations: Big Tech, Viking, Microsoft, Tiger Management, Viking Global, Las Vegas Sands, U.S . Bancorp, MetLife, Deere Locations: Ole Andreas Halvorsen's Viking, Viking, Apple, Las, U.S, Stryker

☆ Ole Andreas Halvorsen's Viking Global bought this regional bank in the fourth quarter
▼ + stars: | 2024-02-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Despite broad concerns surrounding the health of regional banks, Ole Andreas Halvorsen's Viking Global bought into one key name in the sector in the fourth quarter. The move came near the end of a turbulent year for regional banks after the shuttering of Silicon Valley Bank , First Republic Bank and Signature Bank led investors to question the regionals' business model. Shares of U.S. Bancorp climbed more than 30% in the fourth quarter, but the stovck still ended the year down about 1%. The sector took a hit this year following New York Bancorp 's dismal fourth quarter earnings , which showed a loss, a large reserve against weaker future credits and slashed the dividend. Halvorsen went even further and zeroed out stakes in Microsoft and Arm Holdings , the British chip and software designer that went public last September.

Persons: Ole Andreas Halvorsen's, Halvorsen, Julian Robertson, InsiderScore, Lamb Weston Organizations: Ole Andreas Halvorsen's Viking Global, Viking Global, . Bancorp, Silicon Valley Bank, First Republic Bank, Signature Bank, U.S . Bancorp, Regional Banking, New York Bancorp, Viking, Tiger Management, Devices, Microsoft, Arm Holdings, Mastercard, Electric, Colgate, Palmolive Locations: Ole Andreas Halvorsen's Viking, Minneapolis, Silicon, U.S, Deere

☆ Viking Global slashes Amazon and insurance positions, adds to bets in biotech
▼ + stars: | 2023-08-15 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Ole Andreas Halvorsen's Viking Global hedge fund slashed its holding in Amazon in the second quarter and stepped up bets in biotech, according to the latest 13F filing with the U.S. Securities and Exchange Commission . The so-called Tiger Cub's entirely new positions included a $78 million stake in Alibaba , $6.5 million in C3.ai and $132 million worth of chipmaker Nvidia . Viking Global also cut investments in the CSX railroad nearly 42%. Elsewhere, Viking Global purchased $278 million worth of Netflix stock in the second quarter and opened a $159 million position in shipping giant UPS . Viking Global managed about $24 billion in 13F securities at the end of the second quarter, according to WhaleWisdom.com .

Persons: Ole Andreas Halvorsen's, Halvorsen, Julian Robertson, Jack Dorsey's Block, Phillip Morris, Philip Morris Organizations: Ole Andreas Halvorsen's Viking Global, U.S . Securities, Exchange Commission, Viking Global, Tiger Management, Nvidia, Viking, CSX, TJX, Meta, Netflix, UPS, Chubb Limited, Tenet Healthcare, General Electric, UnitedHealth Group, Constellation Energy, GE Locations: Ole Andreas Halvorsen's Viking, Alibaba, Viking, Progressive

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