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Holly LaFon
Holly LaFon
Articles (8578)  | Author's Website |

Andreas Halvorsen Buys Alibaba, United States Steel in 1st Quarter

Eighth highest-earning investor's top 5 buys

Andreas Halvorsen (Trades, Portfolio), founder of Viking Global Investors, made substantial changes to his long portfolio in the first quarter, recording 31% turnover from the previous quarter, according to GuruFocus calculations of data released Tuesday.

Halvorsen’s $25 billion hedge fund took as their largest new positions Alibaba Group Holding Ltd. (NYSE:BABA), United States Steel Corp. (NYSE:X), Western Digital Corp. (NASDAQ:WDC), Walt Disney Co. (NYSE:DIS) and Biomarin Pharmaceutical Inc. (NASDAQ:BMRN). They acquired 22 new positions in all in the first quarter, concentrating the portfolio across 59 holdings valued around $16.6 billion.

Stocks from the tech sector represent 28.3% of holdings, followed by financial services, which composes 19.2% and health care at 15.5%.

Norwegian-born Halvorsen ranked as the eighth highest-earning fund manager in the world in 2017, with $26 billion in net gains since inception. Prizing research and a long-term focus, Viking Global seizes opportunities based on understanding of business fundamentals, management teams and cyclical and secular industry trends.

Notably, Halvorsen has roughly 15% of his portfolio invested in online media giants Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOG).

The new buys

Alibaba Group Holding Ltd. (NYSE:BABA)

Halvorsen bought 2,201,963 shares of Alibaba Group Holding, giving it 2.43% portfolio weight. The stock’s first-quarter share price averaged $188.

Alibaba Group Holding Ltd. has a market cap of $502.9 billion; its shares were traded around $196.00 Tuesday with a P/E ratio of 52.84 and P/S ratio of 13.40. Alibaba Group Holding Ltd. had an annual average earnings growth of 88.20% over the past 10 years. GuruFocus rated Alibaba Group Holding Ltd. the business predictability rank of 5-star.

United States Steel Corp. (NYSE:X)

Halvorsen bought 9,166,283 shares of United States Steel Corp., giving it 1.94% portfolio weight. The stock’s first-quarter share price averaged $39.

United States Steel Corp. has a market cap of $6.35 billion; its shares were traded around $35.89 with a P/E ratio of 10.85 and P/S ratio of 0.50. The trailing 12-month dividend yield of United States Steel Corp. stocks is 0.56%. The forward dividend yield of United States Steel Corp. stocks is 0.55%.

Western Digital Corp. (NASDAQ:WDC)

Halvorsen bought 3,002,720 shares of Western Digital Corp., giving it 1.67% portfolio weight. The stock’s first-quarter share price averaged $89.

Western Digital Corp. has a market cap of $24.77 billion; its shares were traded around $82.78 with a P/E ratio of 140.30 and P/S ratio of 1.22. The trailing 12-month dividend yield of Western Digital Corp. stocks is 2.42%. The forward dividend yield of Western Digital Corp. stocks is 2.47%. Western Digital Corp. had an annual average earnings growth of 11.60% over the past 10 years.

Walt Disney Co. (NYSE:DIS)

Halvorsen purchased 1,442,560 shares of Walt Disney, giving it 0.87% portfolio weight. The stock price averaged $106 for the first quarter.

Walt Disney Co. has a market cap of $152.96 billion; its shares were traded around $102.62 Tuesday with a P/E ratio of 13.65 and P/S ratio of 2.78. The trailing 12-month dividend yield of Walt Disney Co. stocks is 1.58%. The forward dividend yield of Walt Disney Co. stocks is 1.64%. Walt Disney Co had an annual average earnings growth of 11.70% over the past 10 years. GuruFocus rated Walt Disney Co. the business predictability rank of 4.5-star.

Biomarin Pharmaceutical Inc. (NASDAQ:BMRN)

Halvorsen purchased 1,682,466 shares of Biomarin Pharmaceutical Inc., giving it 0.82% portfolio weight. The stock price averaged $86 for the first quarter.

Biomarin Pharmaceutical Inc has a market cap of $15.67 billion; its shares were traded around $88.70 Tuesday with and P/S ratio of 11.26.

For more Andreas Halvorsen (Trades, Portfolio) stocks, visit his portfolio here.

About the author:

Holly LaFon
I'm a financial journalist with a master of science in journalism from Medill at Northwestern University.

Visit Holly LaFon's Website


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