In a year in which the S&P500 gained more than 27 percent, Andreas Halvorsen’s Viking Global lost 4.5 percent. The billionaire’s fund has only experienced losses once before, in 1999. In January, the investor who avoided interviews informed clients that he had “underestimated the lasting impact of Covid.” The Global Opportunities Fund managed by Viking Asset Management, has had returns of almost 20 percent, while its long-only strategy has seen an 8.3 percent increase. Peloton Interactive Inc., Coupa Software Inc., and Adaptive Biotechnologies Corp. were the largest losers for the fund over the year. Andreas Halvorsen, a Norwegian native, developed his skills under the guidance of legendary investor Julian Robertson. Viking Global, based in Connecticut, managed a total of $24.73 billion in assets as of the first quarter of 2022.
Insider Monkey picked the top 10 blue chip stocks according to billionaire Andreas Halvorsen. Recently, Centene Corporation increased its guidance for 2022 diluted earnings by $0.05 and announced an expansion of its existing share buyback program by $3 billion. Viking Global held 7.8 million shares worth $657 million, making it the company’s largest stakeholder as of the first quarter of 2022. Insider Monkey’s Q1 database showed that 78 hedge funds have positions in Comcast Corporation worth a total of $7.12 billion. Compared to a quarter ago, when 80 hedge funds held positions in the firm valued at $8.63 billion, this represents a decrease. Rising interest rates have benefited Chubb Limited, which has had gains of 18.29 percent over the past year. On June 16, the business declared a quarterly dividend of $0.83 per share, which was due to stockholders on July 8. In 2016, Fortive Corporation was established following its separation from Danaher Corporation. In the first quarter, Halvorsen had 12.03 million shares of Fortive Corporation, valued at $733 million and 2.96 percent of his total holdings. The motion and control solutions offered by Ohio-based Parker-Hannifin Corporation are used in the automotive, industrial, and aerospace sectors. One of the top blue chip companies to purchase, the corporation has increased its dividend every year for the past 66 years. For more details, click 10 Blue Chip Stocks To Buy Now According To Billionaire Andreas Halvorsen.
