Halvorsen’s Viking Global Purchases Shares in AIG, Google

Andreas Halvorsen’s Viking Global Investors bought shares of American International Group Inc. in the first quarter.

The $32 billion hedge fund firm purchased 8.44 million shares of the insurer valued at $462.5 million at the end of March, according to a regulatory filing. The Greenwich, Connecticut-based firm also bought a stake worth $461 million in Class C shares of Google Inc., and more than doubled its Class A holdings to a value of $908.8 million.

Viking exited its positions in Delta Air Lines Inc. and Visa Inc. in the quarter. The firm reduced or sold out of health care stocks including Thermo Fisher Scientific Inc. and benefits company Anthem Inc. Health care contributed to some of Viking’s success last year. Last month, Viking said it was hiring Justin Lake from JPMorgan Chase & Co. to make public and private health care investments.

Viking made $4 billion for investors in 2014, the second-most profitable hedge fund firm for clients, after Bill Ackman’s Pershing Square Capital Management, according to estimates from LCH Investments NV, a London-based firm that invests in funds.

Money managers who oversee more than $100 million in equities in the U.S. must file a Form 13F within 45 days of each quarter’s end to list those stocks as well as options and convertible bonds. The filings don’t show non-U.S. securities, holdings that aren’t publicly traded, or cash.