Andreas Halvorsen (Trades, Portfolio) is a founding partner of Viking Global Investors LP and currently serves as its CIO. Prior to founding Viking, Halvorsen was a senior managing director and the director of equities at Tiger Management LLC. During the fourth quarter, he raised his stake in many stocks and also acquired new position in some stocks. The following are his largest buys.
The guru increased his stake in Teva Pharmaceutical Industries Ltd. (TEVA) by182.26% with an impact of 4% on the portfolio.
The company manufactures generic pharmaceutical products. It operates in business in two segments such as generic products, which includes chemical and therapeutic equivalents of originator pharmaceuticals in a variety of dosage forms. Last year was a year of exceptional strategic, operational and financial performance for the company. Revenues in 2015 decreased by 3% compared to 2014, non-GAAP gross profit grew 1% and non-GAAP gross profit margin was 62.2% compared to 59.9% in 2014.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with easy returns of ROE of 6.47% and ROA of 3.22% that are under performing 52% of the companies in the Global Drug Manufacturers - Specialty & Generic industry. Financial strength has a rating of 7 out of 10, with a cash-to-debt of 0.70 that is below the industry median of 3.21.
Other notable shareholders among the gurus are John Paulson (Trades, Portfolio) with 2.25% of outstanding shares, followed by James Barrow (Trades, Portfolio) with 1.06%, Larry Robbins (Trades, Portfolio) with 0.66%, Vanguard Health Care Fund (Trades, Portfolio) with 0.64%, First Eagle Investment (Trades, Portfolio) with 0.48% and John Griffin (Trades, Portfolio) with 0.44%.
The investor raised his stake in Broadcom Corp. (BRCM) by 43.18% and the deal had an impact of 2.22% on the portfolio.
The company is provider of semiconductors for wired and wireless communications. It provides a portfolio of SoCs that seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. First quarter net revenue had a decrease of 4% from the previous quarter and an increase of 8% from the same quarter last year.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with strong returns of ROE of 15.28% and ROA of 11.23% that are over performing 80% of the companies in the Global Semiconductors industry. Financial strength has a rating of 4 out of 10, with a cash-to-debt of 2.17 that is above the industry median of 1.62.
Other notable shareholders among the gurus are Eric Mindich (Trades, Portfolio) with 1.06% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.6%, Jeremy Grantham (Trades, Portfolio) with 0.24%, George Soros (Trades, Portfolio) with 0.15%, Pioneer Investments (Trades, Portfolio) with 0.11% and Paul Tudor Jones (Trades, Portfolio) with 0.11%.
Halvorsen acquired 393,214 shares in Priceline Group Inc. (PCLN) with an impact of 1.89% on the portfolio.
The company is a provider of online travel and travel related reservation and search services. The company offer consumers accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands. During the fourth quarter, gross profit grew 12% from the prior year (approximately 23% on a constant currency basis) and non-GAAP net income increased 11%.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with strong returns of ROE of 29.61% and ROA of 15.43% that are over performing 92% of the companies in the Global Leisure industry. Financial strength has a rating of 8 out of 10, with a cash-to-debt of 0.43 that is below the industry median of 0.82.
The company’s largest shareholder among the gurus is Frank Sands (Trades, Portfolio) with 2.21% of outstanding shares, followed by Steve Mandel (Trades, Portfolio) with 1.68%, Chase Coleman (Trades, Portfolio) with 1.53%, Dodge & Cox with 1.36%, Manning & Napier Advisors with 0.76%, John Griffin (Trades, Portfolio) with 0.53% and Larry Robbins (Trades, Portfolio) with 0.51%.
The investor raised his stake in Netflix Inc. (NFLX) by 73.61% and the deal had an impact of 1.43% on the portfolio.
The company operates as an Internet television network providing TV shows and movies, which include original series, documentaries and feature films. During the fourth quarter, average subscriber price grew 4% to 5% year over year around the world, excluding the impact of foreign currency, and the company added a record 5.59 million members.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with weak returns of ROE of 6.02% and ROA of 1.33% that are under performing 60% of the companies in the Global Pay TV industry. Financial strength has a rating of 5 out of 10, with a cash-to-debt of 0.97 that is far below the industry median of 0.48.
Chase Coleman (Trades, Portfolio) is the largest shareholder among the gurus with 4.2% of outstanding shares, followed by Frank Sands (Trades, Portfolio) with 1.74%, Jim Simons (Trades, Portfolio) with 0.15%, John Burbank (Trades, Portfolio) with 0.13%, Julian Robertson (Trades, Portfolio) with 0.09% and Ron Baron (Trades, Portfolio) with 0.02%.
Halvorsen increased his stake in Pioneer Natural Resources Co. (PXD) by 40.64% with an impact of 1.28% on the portfolio.
The company is an oil and gas exploration and production company with operations in the United States. The company explores for, develops and produces oil and gas reserves and in doing so sells homogenous oil, NGL and gas units. During the fourth quarter it produced 215 thousand barrels oil equivalent per day (MBOEPD) and delivered 273% drillbit reserve replacement by adding proved reserves of 210 million barrels oil equivalent (MMBOE).
GuruFocus gives the stock a profitability and growth rating of 9 out of 10. Even so it has negative returns of ROE of -3.20% and ROA of -1.86% but they are over performing 70% of the companies in the Global Oil & Gas E&P industry. Financial strength has a rating of 5 out of 10, with a cash-to-debt of 0.38 that is below the industry median of 0.41.
Other notable shareholders of the company among the gurus are Steve Mandel (Trades, Portfolio) with 1.47% of outstanding shares, followed by Wallace Weitz (Trades, Portfolio) with 0.26%, Jim Simons (Trades, Portfolio) with 0.15%, Pioneer Investments (Trades, Portfolio) with 0.11%, Steven Cohen (Trades, Portfolio) with 0.04%, Ray Dalio (Trades, Portfolio) with 0.03% and T Boone Pickens (Trades, Portfolio) with 0.03%.
Halvorsen bought 7,424,690 shares in Pfizer Inc. (PFE) with an impact of 0.9% on the portfolio.
It is a research-based biopharmaceutical company. The company applies science and its resources to bring therapies to people that extend and improve their lives through the discovery, development and manufacture of healthcare products. Fourth quarter revenue grew 7% from the same quarter of a year before, adjusted income grew 4% and net income increased by 50%.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with easy returns of ROE of 10.32% and ROA of 4.21% that are over performing 55% of the companies in the industry. Financial strength has a rating of 7 out of 10, with a cash-to-debt of 0.60 that is below the industry median of 3.21.
James Barrow (Trades, Portfolio) is the largest shareholder among the gurus with 0.87% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.52%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.24%, Lee Ainslie (Trades, Portfolio) with 0.18%, Diamond Hill Cazpital with 0.17%, Jana Partners (Trades, Portfolio) with 0.15% and Vanguard Health Care Fund (Trades, Portfolio) with 0.14%.
The guru increased his stake in Nike Inc. (NKE) by 197.36% with an impact of 0.82% on the portfolio.
The company is engaged in designing, development and marketing of footwear, apparel, equipment, and accessory products. It is a seller of athletic footwear and athletic apparel.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with strong returns of ROE of 28.70% and ROA of 17.29% that are over performing 91% of the companies in the Global Footwear & Accessories industry. Financial strength has a rating of 7 out of 10, with a cash-to-debt of 2.82 that is above the industry median of 1.13.
The company’s largest shareholder among the gurus is Steve Mandel (Trades, Portfolio) with 0.67% of outstanding shares, followed by Frank Sands (Trades, Portfolio) with 0.34%, Jeremy Grantham (Trades, Portfolio) with 0.19%, Steven Cohen (Trades, Portfolio) with 0.15%, Pioneer Investments (Trades, Portfolio) with 0.13%, John Burbank (Trades, Portfolio) with 0.11% and Tom Gayner (Trades, Portfolio) with 0.02%.
Halvorsen bought 2,082,693 shares in The Kraft Heinz Co. (KHC) with an impact of 0.57% on the portfolio.
The company is a consumer packaged food and beverage companies in North America and worldwide. It manufactures and markets food and beverage products, including cheese, meats, refreshment beverages, coffee, packaged dinners, refrigerated meals, snack nuts, dressings, and other grocery products in the U.S. and Canada.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with weak returns of ROE of 3.69% and ROA of 2.40% that are under performing 69% of the companies in the Global Packaged Foods industry. Financial strength has a rating of 6 out of 10, with a cash-to-debt of 0.19 that is below the industry median of 0.60.
Warren Buffett (Trades, Portfolio) is the largest shareholder among the gurus with 26.84% of outstanding shares, followed by David Rolfe (Trades, Portfolio) with 0.27%, John Griffin (Trades, Portfolio) with 0.19%, Lee Ainslie (Trades, Portfolio) with 0.12%, George Soros (Trades, Portfolio) with 0.06%, Steven Cohen (Trades, Portfolio) with 0.06% and Caxton Associates (Trades, Portfolio) with 0.05%.
