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

To contact the editors responsible for this story: Christian Baumgaertel at Sree Vidya Bhaktavatsalam, Josh Friedman

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