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Viking’s share portfolio revealed

Viking Global Investors is an American-based hedge fund in Greenwich, Connecticut, which manages $37 billion across public and private markets.

The firm was established in October 1999 by its CEO, Ole Andreas Halvorsen, and Brian Olson and David Ott.

Halvorsen was born in Norway and served as a leader of a Norwegian SEAL team after graduating from the Norwegian Naval Academy.

He then attended Williams College, where he graduated with a degree in economics and earned his MBA from Stanford.

Halvorsen previously worked for Julian Robertson at the firm Tiger Management, making him one of the “Tiger Cubs”.

Viking started with 17 employees and $520 million of capital. Today, the firm has more than 250 employees to manage its growing assets.

In 2017 the firm returned $8 billion of capital to investors to reset to what they considered an appropriate size. Viking managed to grow its capital back to the prior levels within three years.

Viking Global Investors’ success has helped Halvorsen accumulate a net worth of $6.6 billion, ranking him 375th on the Forbes billionaires list.

Viking investments

Viking is known for its emphasis on rigorous fundamental analysis of companies, which means it is followed closely by investors.

Viking started new positions in Salesforce, United Health Group, Valvoline, PayPal, KKR & Co, Sea, and Rogers Communications in the last quarter.

The fund more than doubled its interests in Western Digital, Micron Technology, Gingkgo Bioworks, Dollar General, and Visa.

It added significantly to its positions in Elevance Health, McKesson Corp, General Electric, Meta, Ameriprise Financial, Take-Two Interactive Software, and CME Group.

Viking significantly cut back on its positions in Mastercard, T-Mobile US, Parker-Hannifin, Fortive Corp, International Flavors & Fragrances, Thermo Fisher Scientific, and Marsh & McLennan.

The table below shows Viking’s top 52 share positions that account for 92% of its portfolio as of 30 September 2022.

NameValue ($ million)Portfolio Weight
Elevance Health$1,0614.9%
Amazon$1,0494.9%
Visa$9504.4%
McKesson Corp$8874.1%
Microsoft$8183.8%
General Electric$7973.7%
Meta$7263.4%
Chubb Limited$6543.0%
Boston Scientific$6262.9%
Brookfield Asset Management$6032.8%
Dollar General$5822.7%
HDFC Bank$5672.6%
Mastercard$5032.3%
Ameriprise Financial$4552.1%
Api Group$4492.1%
Intuit$4482.1%
T-Mobile US$4462.1%
Royalty Pharma$4372.0%
Uber Technologies$4342.0%
BioMarin Pharmaceutical$4322.0%
Parker-Hannifin$4302.0%
Fortive Corp$3541.6%
Salesforce$3451.6%
International Flavors & Fragrances$3381.6%
Ginkgo Bioworks Holdings$3181.5%
Take-Two Interactive Software$3061.4%
Thermo Fisher Scientific$3011.4%
Block (Square)$2921.4%
Roivant Sciences$2841.3%
Micron Technology$2711.3%
BridgeBio Pharma$2651.2%
Western Digital$2411.1%
Acadia Healthcare$2311.1%
Karuna Therapeutics$2281.1%
Adaptive Biotechnologies Corp$2141.0%
Guardant Health$2061.0%
Unum Group$1970.9%
United Health Group$1760.8%
Amylyx Pharmaceuticals$1620.8%
Marsh & McLennan$1500.7%
Valvoline$1480.7%
CME Group$1470.7%
PayPal$1470.7%
Insulet Corp$1400.7%
KKR & Co$1370.6%
Molina Healthcare$1340.6%
Sea$1320.6%
Charles River Labs$1300.6%
Rogers Communications$1300.6%
ServiceNow$1220.6%
Catalent Inc$1210.6%
Inspire Medical Systems$1120.5%

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