Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Viking Bought New Stake in Netflix, Added to Valeant

Aug. 14 (Bloomberg) -- Viking Global Investors LP, the hedge-fund firm run by O. Andreas Halvorsen, bought a stake in Netflix Inc. 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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.