Hedge fund Viking Global Investors LP just reported its first quarter portfolio. The fund is founded by Andreas Halvorsen
. Norwegian Halvorsen launched Viking Global at the end of 1999 with former Tiger Management Fund employees David Ott and Brian Olson. In the second quarter Andreas Halvorsen
buys Amazon.com Inc., Seagate Technology, Lyondellbasell Industries Cl A, Goodrich Corp., Humana Inc., Mosaic Company etc. As of 06/30/2011, Viking Global Investors LP owns 59 stocks with a total value of $11.9 billion. These are the details of the buys and sells that have the impact to portfolio of more than .2%.
Viking is a long/short global equity fund with a bottom-up stock picking approach: “We believe that our thoughtful analysis and disciplined valuation over time yield a diversified portfolio of longs and shorts whose stock price developments will deviate from each other and provide a profitable spread.” Viking analysts are encouraged to invest in stock choices they find compelling, regardless of management sentiment: “When we had strong conviction in an investment and scaled it, our success rate increased – in other words, our high conviction has been correlated with improved odds of being right.” Continue Reading »