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Six High-Impact Sells - Viking Global Investors
Posted by: Sally Jones (IP Logged)
Date: August 26, 2013 09:32PM

A former “Tiger Cub” with a net worth of around $1.3 billion, Andreas Halvorsen is the co-founder and CEO of Viking Global Investors LP, producing an average return of 18.87% over 12 months, according to the GuruFocus Score Board of Gurus. Halvorsen’s recently updated portfolio shows 59 stocks, 21 of them new, with a total value of $17.99 billion and a quarter-over-quarter turnover of 31%. The current portfolio is weighted with the healthcare sector at 22.6%, consumer cyclical at 19.5%, followed by financial services at 14.6%.

Viking Global Investors traded heavily in the second quarter. Here are six high-impact trades, showing three reductions and three sell outs, as of June 30, 2013.

REDUCED: Qualcomm Inc. (QCOM)

Impact to Portfolio: -2.54%

Current Shares: 2,363,199

Up 7% over 12 months, Qualcomm Inc. has a market cap of $114.85 billion; its shares were traded at around $66.95, with a P/E of 17.70. The P/B ratio is 3.10.

Track historical pricing:



Guru Action: As of June 30, 2013, Halvorsen reduced his position by 72.64%, selling 6,275,300 shares at an average price of $63.8, for a gain of 4.9%.

He has averaged a gain of 17% on 16,654,706 shares bought at an average price of $57.23 per share. On shares sold, he has averaged a gain of 6% on 14,291,507 shares sold at an average price of $63.33 per share.

REDUCED: Boeing Co. (BA)

Impact to Portfolio: -2.26%

Current Shares: 77,995,460

Up 48% over 12 months, Boeing Co. has a market cap of $79.62 billion; its shares were traded at around $105.53, with a P/E of 19.20. The P/B ratio is 10.60.

Track historical pricing:



Guru Action: As of June 30, 2013, Halvorsen reduced his position by 35.39%, selling 4,379,618 shares at an average price of $95.01, for a gain of 11.3%.

He has averaged a gain of 35% on 12,375,078 shares bought at an average price of $78.12 per share. On shares sold, he has averaged a gain of 11% on 4,379,618 shares sold at an average price of $95.01 per share.

REDUCED: Alexion Pharmaceuticals Inc. (ALXN)

Impact to Portfolio: -2.15%

Current Shares: 5,544,949

Up 7% since January, Alexion Pharmaceuticals Inc. has a market cap of $20.96 billion; its shares were traded at around $107.19, with a P/E of 61.10. The P/B ratio is 9.40.

Track historical pricing:



Guru Action: As of June 30, 2013, Halvorsen reduced his position by 41.4%, selling 3,917,493 shares at an average price of $96.37, for a gain of 11.2%.

He has averaged a gain of 123% on 9,462,442 shares bought at an average price of $95.39 per share. On shares sold, he has averaged a gain of 11% on 3,917,493 shares sold at an average price of $96.37 per share.

SOLD OUT: Hewlett-Packard Co. (HPQ)

Impact to Portfolio: -1.5%

Up 29% over 12 months, Hewlett-Packard has a market cap of $42.95 billion; its shares currently trade at around $22.27 with a P/B ratio of 1.80.

Guru Action: As of June 30, 2013, Halvorsen sold out his position, selling 10,484,671 shares at an average price of $22.48, for a loss of 0.8%. His only gain in six quarters was in the first quarter of 2013 when he averaged a gain of 19.8% on 10,484,671 shares bought at an average price of $18.60.

SOLD OUT: Williams Companies Inc. (WMB)

Impact to Portfolio: -1.5%

Up 12% over 12 months, Williams Companies Inc. has a market cap of $24.75 billion; its shares currently trade at around $36.22 with a P/E ratio of 39.30.

Guru Action: As of June 30, 2013, Halvorsen sold out his position, selling 6,478,991 shares at an average price of $36.00, for a gain of 0.6%. He had modest gains in all four quarters of holding since the third quarter of 2012.

SOLD OUT: Citigroup Inc. (C)

Impact to Portfolio: -1.4%

Up 67% over 12 months, Citigroup Inc. has a market cap of $150.84 billion; its shares currently trade at around $49.60 with a P/E ratio of 15.90.

Guru Action: As of June 30, 2013, Halvorsen sold out his position, selling 5,411,100 shares at an average price of $48.08, for a gain of 3.6%. His highest gain was 78.9% in the fourth quarter of 2011, and this holding almost always yielded double-digit gains throughout his five-year history.

Here is the complete portfolio of Andreas Halvorsen.



Be sure to read:

1. Andreas Halvorsen's Undervalued Stocks
2. Andreas Halvorsen's Top Growth Companies
3. Andreas Halvorsen's High Yield stocks
4. Stocks that Andreas Halvorsen keeps buying

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GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

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Stocks Discussed: QCOM, BA, ALXN, HPQ, WMB, C,
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