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Hedge fund Viking World shuffled a few of its largest holdings throughout a busy first quarter, together with ditching some big-name shares. The fund, run by Andreas Halvorsen, had roughly $47 billion in property below administration on the finish of December, in keeping with its web site. Its fairness publicity fell by practically $10 billion in the course of the first quarter, in keeping with a securities submitting, however it’s unknown how a lot of that drop was attributable to market losses versus promoting shares to shift to different asset lessons. Two massive will increase amongst main holdings got here in Amazon and industrial tech firm Fortive , rising roughly 52% and 42%, respectively. The strikes made Amazon the fund’s second largest holding on the finish of March, trailing solely T-Cell. One massive transfer simply outdoors of the fund’s high 10 holdings was Worldwide Flavors & Fragrances . Viking ended March with practically 3.8 million shares of the inventory, valued at slightly below $500 million. That’s up from about 510,000 shares on the finish of December. Viking additionally initiated a number of positions that have been price greater than $100 million on the finish of March, together with Otis , Progressive , Shopify and XP . However, the record of main positions closed by Viking embody Tesla , Twilio , Coupa Software program , FedEx and Figs . Twilio and Coupa have been the most important of these positions on the finish of December, totaling greater than $1.4 million in frequent inventory mixed. There aren’t any apparent macro or sector calls from Viking’s strikes, because the trades look like extra about choosing particular person winners. For instance, the fund established a brand new place Mastercard price greater than $640 million but in addition offered greater than one-third of its place in Visa . Viking swapped out positions in lots of its health-care shares, resembling closing a place in Zimmer Biomet whereas greater than doubling its shares of Thermo Fisher Scientific . There have been a number of new positions for Viking in massive title corporations that got here in below $100 million. These buys embody Boeing , JPMorgan Chase , Anthem and Greenback Common . Viking World was based by Halvorsen, one in every of legendary hedge fund supervisor Julian Robertson’s “Tiger cubs,” greater than 20 years in the past.
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