As an investor, staying up-to-date on the latest moves made by top hedge funds is crucial for making informed decisions about your own portfolio. In the second quarter, Andreas Halvorsen’s Viking Global made some significant changes to their holdings, particularly in the technology sector.
According to the latest regulatory filing, Viking Global increased their positions in well-known tech giants such as Amazon and Microsoft by more than 34% and 43% respectively. These two stocks now rank as the first and fourth largest holdings in the fund’s portfolio. Additionally, Halvorsen added more than 18% to their stake in Apple and initiated a new position in Netflix worth $630 million.
One of the most notable moves by Viking Global was the significant increase in their holding of Adobe, by more than 300%. This made Adobe the second biggest stake in the portfolio, valued at over $1.2 billion. The fund also ventured into new positions in DoorDash and Broadcom, with investments exceeding $600 million and $470 million respectively.
However, not all of Viking Global’s technology positions thrived during the quarter. The fund exited positions in Advanced Micro Devices and Take-Two Interactive, while their stake in Workday fell by more than 25%. This comes at a time when some tech investors are questioning the profitability of investments in artificial intelligence applications.
Outside of the tech sector, Halvorsen also made moves in other industries, opening new positions in JPMorgan and McDonald’s while reducing their stake in UnitedHealth by more than 67%.
At Extreme Investor Network, we analyze the top hedge fund moves like those made by Viking Global to provide valuable insights for our readers. Stay tuned for more updates on the latest investment trends and strategies from industry experts.