Viking Bought New Stake in Netflix, Added to Valeant

Viking Global Investors LP, the hedge-fund firm run by O. Andreas Halvorsen, bought a stake in Netflix Inc. (NFLX) in the second quarter, while cutting its holding in Walgreen Co.

Viking bought 1.3 million shares of Netflix valued at $580.4 million as of June 30, according to a filing today with the U.S. Securities and Exchange Commission. The hedge-fund firm sold about million shares of Walgreen, its largest U.S.-listed stock holding, leaving it with a stake worth $1.5 billion as of June 30.

Viking increased its position in Valeant Pharmaceuticals International Inc., adding 2.5 million shares to boost its stake to $1.4 billion as of June 30. Valeant is Viking’s second-largest holding.

The Greenwich, Connecticut-based hedge-fund firm divested a stake valued at $316.2 million in American International Group Inc.. It also sold all its shares in Verizon Communications Inc. and Bank of America Corp.

To contact the reporter on this story: Saijel Kishan in New York at skishan@bloomberg.net

To contact the editors responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net Sree Vidya Bhaktavatsalam, Josh Friedman

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.