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Viking Global Sells Apple, Boeing; Buys Yahoo, Facebook

Andreas Halvorsen’s Viking Global teamed up with other tiger cubs in buyingaBaidu Inc (BIDU). Viking initiated a new position in the Chinese language search engine with 2.67 million shares. Tiger Consumer also increased its position in Baidu over the same period.

Take a look at Viking Global’s investment process here.

Viking Global’s top holdings

Viking Global’s top five holdings include Capital One Financial Corp.a(COF),aTime Warner Inca(TWX), Thermo Fisher Scientific Inc.a(TMO) andaValeant Pharmaceuticals Intl Inca(VRX).

Other companies that the hedge fund bought were Facebook Inc (FB) 4.4 million shares and Lowe’s Companies, Inc.a(LOW) 17.3 million shares, making Lowe’s its fifth-largest position. Matching his buys with Tiger Global, Halvorsen also boughtaa9 million shares ofaYahoo! Inc. (YHOO) and 24.5 million shares of Twenty-First Century Fox Inca(FOXA) in the past quarter.

Viking Global’s added positions

Viking Global added to its stake in Micron Technology, Inc.a(MU), taking its total to 37 million shares.

Viking Global’s sold out positions

Viking Global exited its position in Apple Inc. (AAPL) entirely in the last quarter. Other hedge funds who have sold Apple in Q3 are, Tiger Veda and Leon Cooperman’s Omega Advisors.

Halvorsen also sold out of the Dreamliner jet maker,aThe Boeing Companya(BA). The fund sold nearly 8 million shares of the company, the other noted hedge fund manager who said goodbye to Boeing for now was Barry Rosenstein’s Jana Partners.

Viking also exited Gilead Sciences, Inc.a(GILD), Elan Corporation, plc ADRa(ELN),aQUALCOMM, Inc.(QCOM), Priceline.com Inca(PCLN), Cisco Systems, Inc.a(CSCO)aand News Corp (NWSA) (NWS)ain the third quarter.

-By Tabinda Hussain

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