A look at the portfolio of Norwegian-born entrepreneur Andreas Halvorsen (Trades, Portfolio), founder and CIO of Viking Global Investors LP, confirms his preference for healthcare stocks – such holdings account for nearly 30% of his portfolio – but, in the third quarter, he – like many of the gurus we follow at GuruFocus – couldn’t resist the temptation to invest in Alibaba (BABA, Financial) when the Chinese ecommerce company had its historic IPO in September.
Halvorsen bought 11,387,526 shares of Alibaba for an average price of $89.95 per share. That purchase had a 4.1% impact on his portfolio.
Alibaba was just one of nearly two dozen stocks that Halvorsen added to his portfolio in the third quarter.
He also purchased 14,904,121 shares of Citigroup (C, Financial), a New York-based banking and financial services company, for an average price of $50.23. That transaction had a 3.1% impact on his portfolio.
His purchase of 16,735,985 shares of Bank of New York Mellon Corp (BK, Financial), another banking and financial services company based in New York, had a 2.6% impact on his portfolio. Halvorsen paid an average price of $38.9 per share.
Halvorsen purchased 10,769,105 shares of AbbVie Inc (ABBV, Financial), a Chicago-based pharmaceutical company, for an average price of $55.53. That acquisition had a 2.5% impact on his portfolio.
He purchased 923,500 shares of Google (GOOGL, Financial) for an average price of $589.37. His acquisition in the California-based internet services company had a 2.2% impact on his portfolio.
Other holdings that are new to his portfolio are Air Products & Chemicals Inc (APD, Financial), Cheniere Energy Inc (LNG, Financial), Dollar Tree Stores Inc (DLTR, Financial), SanDisk Corp (SNDK, Financial), Bank of America Corporation (BAC, Financial), Liberty Global PLC (LBTYA, Financial), Golar LNG Ltd (GLNG), Aon PLC (AON), HCA Holdings Inc (HCA), Medtronic Inc (MDT), DR Horton Inc (DHI), Delta Air Lines Inc (DAL), Marsh & McLennan Companies Inc (MMC), Humana Inc (HUM), Colfax Corp (CFX), Molina Healthcare Inc (MOH), Petroleo Brasileiro SA Petrobras (PBR), Kite Pharma Inc (KITE) and Newfield Exploration Co (NFX).
Halvorsen added to his holdings in 18 stocks in the third quarter. The greatest impact to his portfolio was made by his purchase of 2,710,805 shares of Pioneer Natural Resources Co (PXD), an oil and gas company based in Texas, for an average price per share of $211.58. The transaction had a 2.16% impact on his portfolio.
Halvorsen increased his holdings in Precision Castparts Corp (PCP), an industrial goods and metal fabrication company from Portland, Oregon, by 1,494,266 shares. The transaction, in which he paid an average price of $243 per share, had a 1.39% impact on his portfolio.
Halvorsen also purchased 1,342,512 shares of Actavis PLC (ACT), an Illinois-based pharmaceutical company, for an average price of $223.78. The acquisition had a 1.32% impact on his portfolio.
Other companies in which Halvorsen added to his stakes are Allergan Inc (AGN), MasterCard Inc (MA), SBA Communications Corp (SBAC), Mohawk Industries Inc (MHK), Kansas City Southern Inc (KSU), Newfield Exploration, Illumina Inc (ILM), Micron Technology Inc (MU), Facebook Inc (FB), Visa Inc (V), Hilton Worldwide Holdings Inc (HLT), DaVita HealthCare Partners Inc (DVA), Walgreen Co (WAG), Alexion Pharmaceuticals Inc (ALXN) and Salix Pharmaceuticals Ltd (SLXP).
Divestitures and reductions
Halvorsen sold all his holdings in 27 companies – Time Warner Inc (TWX), Cameron International Corp (CAM), Constellation Brands Inc (STZ), Michael Kors Holdings Ltd (KORS), Apple Inc (AAPL), Valero Energy Corp (VLO), Workday Inc (WDAY), Cognizant Technology Solutions Corp (CTSH), Autodesk Inc (ADSK), Universal Health Services Inc (UHS), Rite Aid Corp (RAD), Zynga Inc (ZNGA), Ctrip.com International Ltd (CTRP), Cimarex Energy Co (XEC), Crown Castle International Corp (CCI), Triumph Group Inc (TGI), Zimmer Holdings Inc (ZMH), Principal Financial Group (PFG), Melco Crown Entertainment Ltd (MPEL), Centene Corp (CNC), Myriad Genetics Inc (MYGN), Adobe Systems Inc (ADBE), Intercept Pharmaceuticals Inc (ICPT), BlackBerry Ltd (BBRY), American Airlines Group Inc (AAL), Allegion PLC (ALLE) and Concho Resources Inc (CXO).
The sale of 7,872,453 shares of Time Warner, a New York-based media company, had the greatest impact on Halvorsen’s portfolio, -2.4%. Halvorsen sold the stock for an average price of $65.66 per share.
He reduced his holdings in 14 companies – Capital One Financial Corp (COF), Monsanto Co (MON), Baidu Inc (BIDU), Regeneron Pharmaceuticals Inc (REGN), LyondellBasell Industries NV (LYB), Valeant Pharmaceuticals International Inc (VRX), Canadian Pacific Railway Ltd (CP), Mondelez International Inc (MDLZ), Lowe's Companies Inc (LOW), Netflix Inc (NFLX), Twenty-First Century Fox Inc (FOXA), H&R Block Inc (HRB), Ralph Lauren Corp (RL) and Thermo Fisher Scientific Inc (TMO).
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