Viking Global Investors LP, the hedge-fund firm run by O. Andreas Halvorsen, acquired stakes in Walgreen Co. and Canadian Pacific Railway Ltd. valued at more than $600 million each in the fourth quarter.
Viking bought 11.6 million shares of Deerfield, Illinois-based Walgreen, the largest U.S. drugstore chain, valued at $667 million as of Dec. 31, according to a filing today with the U.S. Securities and Exchange Commission. Viking bought about 4 million shares of Calgary-based Canadian Pacific, valued at $613 million, making it the fund’s largest new purchase after Walgreen.
Viking, based in Greenwich, Connecticut, also added to its investment in Facebook Inc., buying 13.9 million shares of the Menlo Park, California-based company to own a stake valued at $1 billion as of Dec. 31. The fund sold its holdings in Comcast Corp., valued at $661 million at the end of the third quarter, as well as Yahoo! Inc., worth $300 million as of Sept. 30.