Billionaire Andreas Halvorsen owns the investment firm, Viking Global Investors. The company considers the prevalent market trend and fundamental features before deciding about buying or selling. It happened in the past that the company had to witness a bearish trend. For example, the firm lost 4% of the fees way back during 2016 over bets on various stocks of pharmaceutical companies. During 2017, the firm’s 13F portfolio reduced by $8 billion as the Chief Investment Officer Daniel Sundheim left the firm. Since then, protégé has been managing the firm’s 13F portfolio, as per the latest filings. Andreas Halvorsen used to work as a senior managing director and director of equities at Tiger Management. Andreas earned a graduation degree from Norwegian Naval Academy while he studied MBA at Stanford Graduate School of Business. Later, he co-founded Viking Global and during 2018, Andreas was believed to be among the highest earning hedge fund managers. It happened during 2020 when Viking Global beat the broader market index by returning 25% after performance and management fees. This similar situation happened during 1999 to 2009 as well when the firm posted a 22% return. Here is how Andreas Halvorsen defines his investment strategy: “We are stock pickers. We believe that our thoughtful analysis and disciplined valuation over time yield a diversified portfolio of longs and shorts whose stock price developments will deviate from each other and provide a profitable spread.” In this article, we will discuss about Top 5 Stock Picks by Billionaire Andreas Halvorsen as shared by Insider Monkey.
One of the Viking Global Investors’ preferences is Centene Corporation. This company is a healthcare service provider. Centene’s stock did not perform well this year due to the pandemic. As per the company’s outlook for 2021, it is likely the stock price will improve. Centene Corporation announced that it is planning to acquire Magellan for $2.2 billion. Another company in Viking Global Investors portfolio is American Express Company. American Express Company is 3.91% of the total portfolio, amounting to $1 billion. The price of this company went down by 5% during the past 12 months despite strong recovery during the past 6 months. There are reports that the company’s full recovery will take a long time. There are various other companies on Andreas’ list. You can read about those companies Billionaire Andreas Halvorsen’s Top 10 Stock Picks.