Halvorsen’s Viking Global Hedge Fund Buys Amazon, Sells MondelezKatherine Burton
Andreas Halvorsen’s Viking Global Investors bought a stake worth about $1 billion in Amazon.com Inc. in the second quarter and almost doubled its position in Walgreens Boots Alliance Inc.
The Greenwich, Connecticut-based manager’s holding in Walgreens was worth $2.1 billion at the end of June, according to a regulatory filing, making it the drugstore operator’s eighth biggest investor.
Health-care stocks remain a big concentration for Viking, accounting for a third of the firm’s long U.S. stock holdings, according to the filing. New purchases in the sector included Cigna Corp., valued at about $472 million at the end of June and Aetna Inc, worth $395 million.
The firm sold out of Mondelez International Inc., a position worth $865 million at the start of the quarter. Earlier this month, hedge fund manager Bill Ackman amassed a $5.6 billion stake in the snack giant.
Viking was the second-most profitable hedge fund firm last year after 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.