Andreas Halvorsen’s Viking Global teamed up with other tiger cubs in buyingaBaidu Inc (BIDU - Get Report). 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 - Get Report),aTime Warner Inca (TWX, Thermo Fisher Scientific Inc.a (TMO - Get Report) andaValeant Pharmaceuticals Intl Inca (VRX.
Other companies that the hedge fund bought were Facebook Inc (FB - Get Report) 4.4 million shares and Lowe’s Companies, Inc.a (LOW - Get Report) 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’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 - Get Report), Priceline.com Inca (PCLN, Cisco Systems, Inc.a (CSCOaand News Corp (NWSA - Get Report) (NWS - Get Report)ain the third quarter.