Andreas Halvorsen

Last Update: 2014-08-14

Number of Stocks: 62
Number of New Stocks: 20

Total Value: $22,906 Mil
Q/Q Turnover: 24%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Andreas Halvorsen' s Profile & Performance

Profile

Andreas Halvorsen is a founding partner of Viking Global Investors LP and currently serves as its CIO. Viking was formed in 1999 and is based in Greenwich, Connecticut. Viking manages two hedge funds invested in equities worldwide.
Prior to founding Viking, Mr. Halvorsen was a senior managing director and the director of equities at Tiger Management LLC. He also worked as an investment banker in the corporate finance and merger departments of Morgan Stanley. Prior to moving to the United States, Mr. Halvorsen graduated from the Norwegian Naval Academy and served as a platoon commander on the Norwegian SEAL Team.
Mr. Halvorsen received his MBA from the Stanford Graduate School of Business in 1990 and graduated from Williams College in 1986.
Since starting his firm Viking Global in 1999, his Viking Global Equities III fund has gained 22% on average per year until March 2009. His largest down period was from Sept. 2001 to March of 2002, when his portfolio was down about 12%.

Web Page:https://www.vikingglobal.com

Total Holding History

Top Ranked Articles

Value Gurus Finding Stocks in the Worst-Performing Sector This Year: Materials
Where does a value investor find bargains in a market in which all 10 sectors of the S&P 500 posted gains in the first half of the year? The worst-performing sector, basic materials, may be a good place to start. While the S&P 500 index had its strongest first half since 1998, gaining 12.63%, the basic materials sector managed only a 1.68% gain, according to data from Standard and Poor’s. “… Commodity prices remained volatile, and the ability of companies to quickly pass along costs was limited,” the market research firm said in a note. Read more...
Capital One Financial (COF) - One Financial Stock Gurus Are Paying Attention To
Capital One Financial (COF) is a diversified financial institution. It is one of the largest issuers of Visa (V) and MasterCard (MA) credit cards in the U.S., and it is one of the largest depositary institutions in the U.S. The firm has an auto finance segment and a global financial services segment, which includes foreign credit cards and other lending such as small-business loans. Read more...
Hedge Fund Viking Global Buys Citigroup Inc., Cigna Corp., Aon Corp., Sells American Tower Corp., Molson Coors Brewing Company, Mckesson Corp. Viking Global Q3: Buys C, CBS, CI, ESRX, FLS, HAL, HPQ, HPT,
While a lot of mutual funds and hedge funds alike suffered huge losses in 2008, Viking Global Investors, managed by Andreas Halvorsen eke out a tiny gain. This is his Q3 portfolio update. Read more...
RIMM Soars on Goldman Sachs Upgrade and BlackBerry 10, Who Bought in the Third Quarter
Research In Motion (RIMM) stock has suffered a 90-percent market cap deterioration over the last five years. The lowering price of the maker of the once-popular and innovative BlackBerry smartphone enticed some value investors into the stock. The third quarter was no exception. Read more...
Andreas Halvorsen's Top 5 Picks: IVZ, C, TWC, YUM, SHW
Andreas Halvorsen is founder and chief investment officer of Viking Global Investors. Norwegian Halvorsen launched Viking Global at the end of 1999 with former Tiger Management Fund employees David Ott and Brian Olson. Read more...
» More Andreas Halvorsen Articles

Commentaries and Stories

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Tudor´s Top Second Quarter Stocks
Over the past days hedge funds have been filing their form 13-F, which is a quarterly report of equity holdings by filed institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). In this article, let´s concentrate on one particular hedge fund and try to see the principal holdings in its portfolio. I will look into Tudor Investment Corporation. More...

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Apple's ROE at the Top of the Computer Systems Industry
In this article, let´s see one of the most important financial ratios applying to stockholders, the best measure of performance for a firm's management: the Return on Equity (ROE), and we are going to analyze it in the case of Apple Inc. (AAPL). More...

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DaVita Seems to be a High-Growth Company Andreas Halvorsen,Mario Gabelli - DaVita Seems To Be A High-Growth Company
In this article, let's take a look at DaVita HealthCare Partners Inc. (DVA), a $15.85 billion market cap company, which operates kidney dialysis centers and provides related lab services in outpatient dialysis centers.Main driversDaVita´s strength in dialysis should be in the future the main driver of earnings potential. When considering a number of measures, such as same-facility treatment growth and the ability to offset reimbursement pressure through internal cost controls, the company is better than competitors.The performance of the dialysis segment will remain profitable due to the increase in the aging population, rising diabetes rates and obesity epidemic. Also, international expansion is a key driver.International expansionTwo years ago, the firm acquired the company HealthCare Partners, which operates medical offices in three states. With the deal, DaVita was the largest managed health-care company in the nation. The merger offers competitive advantages over the long term, but it also adds operating risk.Earlier, the company made others acquisitions like the one of ModernMed (a Wisconsin-based clinic group) and DSI Renal Inc. that allowed the company to increase the number of clients as well as the geographies to operate.With respect to international markets, Davita has made a service agreement with Fresenius Medical Care, another leading dialysis services and products provider and made a joint venture with Riches Healthcare (RHC).The company focused on the Asia-Pacific region and for that reason acquired the dialysis operations of Malaysia's Caring Dialysis Centre Group. Other regions for expansion include Saudi Arabia, China, India and Germany.Medicare and MedicaidPatients covered by Medicare and Medicaid comprise about 90% of total treatments and about two-thirds of revenue. For each treatment, Medicare pays 80% of the amount set and the patient pays the remaining 20%. In most cases a secondary figure covers all or part of these balances. Obviously government changes to Medicare and state budget constraints on Medicaid constitute a risk for the company.Revenues, margins and profitabilityLooking at profitability, revenue growth by 10.47% but earnings per share decreased in the most recent quarter compared to the same quarter a year ago ($0.68 vs $1.19). During the past fiscal year, the firm increased its bottom line by earning $2.90 versus $2.73 in the prior year. This year, Wall Street expects an improvement in earnings ($3.63 versus $2.90).Finally, let´s compare the best measure of performance for a firm's management: the return on equity. The ROE is useful for comparing the profitability of a company to that of other firms in the same industry. Ticker Company ROE (%) DVA DaVita 14.29 AIRM Air Methods Corp. 16.94 BRLI Bio-Reference Laboratories Inc. 16.87   Industry Median 8.44 The company has a current ROE of 14.29% which is higher than the industry median. In general, analysts consider ROE ratios in the 15-20% range as representing attractive levels for investment. So for investors looking at those levels or more, Air Methods Corp. (AIRM) and Bio-Reference Laboratories Inc. (BRLI) could be the right options. It is very important to understand this metric before investing, and it is important to look at the trend in ROE over time.Relative ValuationIn terms of valuation, the stock sells at a trailing P/E of 23x, trading at a discount compared to an average of 44x for the industry. To use another metric, its price-to-book ratio of 3.2x indicates a premium versus the industry average of 2.96x while the price-to-sales ratio of 1.3x is below the industry average of 1.56x.As we can see in the next chart, the stock price has an upward trend in the five-year period. If you had invested $10,000 five years ago, today you could have $27,683, which represents a 22.6% compound annual growth rate (CAGR).Final commentAs outlined in the article, an aging population, increasing consumer awareness and new advances in technology will be the growth drivers in the next years in the healthcare industry.The company operates nearly one-third of the dialysis clinics in the U.S. and, together with Fresenius Medical Care, forms a duopoly counting nearly 70% of market share. I think the idea of expanding its dialysis operations into international markets is great although it will take time to gain significant market share.Hedge fund gurus like Mario Gabelli (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Andreas Halvorsen (Trades, Portfolio) and Warren Buffet added this stock to their portfolios in the second quarter of 2014, and I would recommend that investors consider this stock for their long-term portfolios.Disclosure: Omar Venerio holds no position in any stocks mentioned More...

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Ten Years Earlier or Later, I Will Continue Recommending Apple
In this article, let´s consider a giant that went public a decade ago, Apple Inc. (AAPL). The $593 billion market cap has a trailing P/E ratio that indicates that the stock is relatively undervalued (PE 15.6x vs Industry Median 30.2x). More...

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A Proposal to Time Warner to Combine Two Companies
In this article, let´s take a look at a possible deal in a $1 trillion global Media industry, where a few weeks ago Twenty-first Century Fox (FOXA) confirmed in a statement that its offer for Time Warner (TWX) had been rejected. More...

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Steven Cohen Has a Track Record of Impressive Returns
In this article, let´s see Steven Cohen (Trades, Portfolio)´s return, a guru who has a net worth of about $12 billion, and in a wealth ranking is situated in the place 19 in the industry and 43 in the U.S.; continues having impressive returns. He had generated average annual returns of 30%, on top of the hedge-fund industry, since SAC Capital launched in 1992. More...

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Manning & Napier Advisors Bet on this Stock, Should You?
In this article, let's take a look at Visa Inc. (V), a $133.83 billion market cap company, which is the world's largest retail electronic payments network and leading payments brand, providing services to consumers, businesses and governments globally. On June 30, this investment advisory firm added the stock at an average price of $209.06 and currently holds 797.050 shares. More...

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Top Insider Sells Highlight: Illumina Inc.
CEO of Illumina Inc (ILMN) Jay Flatley sold 30,000 shares on July 24 at an average price of $175.43. The total transaction amount was $5,262,900. More...

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Why This Leading Servicer and Manager of Financial Assets Worldwide Will Sustain Its Bullish Trend
In this article, let's take a look at State Street Corporation (STT), a $30.25 billion market cap bank holding company, with over $27 trillion of assets under custody and $2 trillion of assets under management. More...

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Weekly CEO Buys Highlight: GEO, TRUE, BANC, AEGR, CLMS
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

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Guru Stocks at 52-Week Lows: VOD, SMFG, DB, TGT, STT
Vodafone Group PLC (VOD) Reached the 52-Week Low of $34.60 More...

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What Drives St. Jude Medical to Be More Diversified?
St. Jude Medical Inc. (STJ) is a global medical device company, which develops, manufactures and distributes cardiovascular medical devices. More...

LONG, HEALTHCARE, MEDICAL DEVICES, CARDIOVASCULAR


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Gurus Bought This Oil & Gas Marketer Spin-off
On Jan. 31, 2011, Marathon Oil Company (MRO) announced the spin off of refining, pipeline and marketing operations. The decision gave birth to Marathon Petroleum (MPC) and was carried out completely by July 1 of the same year. After six months of stable market performance, the stock saw great improvements throughout 2012, before entering a declining trend on the second half of the following year. More...

ENERGY, OIL, GAS, MARKETER, MIDSTREAM, NORTH AMERICA


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Why This Satellite Radio Company Still Has Room for Growth
Keeping up in the radio satellite industry can be very tough, especially since technological advances took over consumer habits. Pioneer System, for example, recently launched a new car radio that supports Internet radio, and additionally recognizes Pandora Media Inc. (P)’s settings from Apple Inc. (AAPL)’s iPhones or iPods, thereby customizing users’ music station automatically. Furthermore, iTunes' online radio service has also become a major industry player, especially among young drivers. This increasingly fragmented scenario has caused some damage among established firms, such as SIRIUS XM Holdings Inc. (SIRI), which lost over 22,000 net subscribers in fourth quarter fiscal 2013. However, many investment gurus, like Leon Cooperman (Trades, Portfolio) and Andreas Halvorsen (Trades, More...

RADIO,RADIO SATELLITE,PIONEER SYSTEM,CAR RADIOS,INTERNET RADIO,ITUNES,MEDIA,AGERO INC.,VEHICLES,BROADCASTING


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This Stock Escaped Deepwater Horizon and Continues to Grow
British Petroleum (BP) and Transocean (RIG) are the visible face of the Deepwater Horizon incident that occurred in April 2010, in the Gulf of Mexico. The first it because it was the operator of the platform at the moment of the explosion. The second company provided the platform used for the extraction of oil. However, oil and gas production involves the participation of many more businesses sharing responsibility for one single operation. More often than not, one oil and gas site will involve the participation of an exploration and production, a drilling, and equipment and services firm. And a good relationship between the three is a must for a successful production. That is what seems to have been absent at Deepwater Horizon, as BP and Transocean bore most responsibility, with both claiming Cameron International (CAM) escaped much of the public criticism. More...

ENERGY, OIL, GAS, RIG, DEEPWATER, EQUIPMENT


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The Wireless Giant
As the largest wireless carrier in the U.S., Verizon Comunications Inc. (VZ) has an impressive geographical coverage of 95% of the U.S., serving 25% of its population. VZ’s reputation regarding networks without interruptions aids a strong economic moat and its customers' loyalty. Based on high cash flow levels, unmatched investment projects and comparative advantages to AT&T Communications Inc. (T), VZ offers the best wireless service in the U.S. More...

COMMUNICATIONS,TELECOM,WIRELESS CARRIERS,MOBILE,SMARTPHONE,IPHONE,4G LTE


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Halvorsen Comes Head-to-Head with Cooperman Over Eastman Chemical
There is a certain fun about following gurus’ actions, especially when their actions disagree. That has been the case between Andreas Halvorsen (Trades, Portfolio) and Leon Cooperman (Trades, Portfolio). The first was the largest shareholder with 5,784,190 shares, until selling 91% of the position in the open market last December. On the other hand, Cooperman increased his holding by 12% during the same period to a total of 2,070,781 shares. He is now the largest shareholder, followed by David Tepper (Trades, Portfolio) More...

LONG, CHEMICALS


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Constellation Brands and the Post-Acquisition Revival
The past market developments have shown us that the spirit and beer industry are always preferable investments compared to the lower margin wine industry. Thus, in the past I’ve recommended investing in companies like Beam Inc. (BEAM), Diageo Plc (ADR) (DEO) or Anheuser-Busch Inbev SA (ADR) (BUD). However, there is one total alcohol company, known for its premium wine brands Robert Mondavi, Ravenswood and Arbor Mist, which has turned from a slow paced uncertain stock, to an interesting investment option. The talk is of Constellation Brands Inc. (STZ), and investment gurus Andreas Halvorsen (Trades, Portfolio) and Eric Mindich (Trades, Portfolio)’s recent acquisition More...

BEER,ALCOHOLIC BEVERAGES,WINE,ROBERT MONDAVI,RAVENSWOOD,ARBOR MIST,PIEDRAS NEGRAS,BREWERY,MODELO,CORONA


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H&R Block: Debt Analysis
Over the past few weeks I have been watching the developments of the banking and tax service industry, which has provided an excellent opportunity to search for investment stocks in this sector. One company I think is very interesting to analyze is H&R Block Inc. (HRB). Its tax service segment assists income tax return preparations, in addition to providing digital tax solutions and other related services to the general public in the U.S., Canada and Australia. More...

LONG, PERSONAL, SERVICES, TAX, RETURN, PREPARATION


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Top Five Guru-Held Consumer Cyclical Stocks of the Fourth Quarter Andreas Halvorsen,Steve Mandel - Top Five Guru-Held Consumer Cyclical Stocks Of The Fourth Quarter
Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see which consumer cyclical companies are held by the most gurus. As of the fourth quarter, the following five companies are held by the largest number of gurus. More...

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User Comments

Goforit
ReplyGoforit - 5 months ago
How are premium members of GuruFocus supposed to evaluate the list of Gurus when more often than not there is no historical performance records. Most of the time the "profile/performance" tab does not have anything on performance. Why not? Maybe it should just be called the "profile" tab. This is very frustrating.

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