Viking Global

Q1 2014 13F · by Andreas Halvorsen, CEO

As of: Mar 31, 2014
Filed: May 15, 2014
US stock: $23.8B · prev $21.4B
Positions: 60 · prev 65
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves86 since the prior filing

+30.7 pp in · −30.8 pp out

New 21 +11.41 pp
Added 22 +19.31 pp
Trimmed 17 −13.06 pp
Exited 26 −17.70 pp

The book

Focused · behaves like 30 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 110% a year, about 0.9 years per position

Low
Moderate
High

Top 5 positions28% of US stock

unresolved Walgreen Co added+3.57 pp added+3.576.7%
TWX Time Warner Inc added+1.56 pp added+1.565.9%
ILMN Illumina Inc added+4.65 pp added+4.655.5%
unresolved Valeant Pharmaceuticals Intl added+0.58 pp added+0.585.1%
unresolved Twenty First Centy Fox Inc added+0.15 pp added+0.155.1%

Positions60 in this filing · 26 exited


unresolvedWalgreen Co	6.68%	24,105,841	$1.6B	added×2.1	+3.57 pp	2 q
TWXTime Warner Inc	5.93%	21,649,553	$1.4B	added+61%	+1.56 pp	4 q
ILMNIllumina Inc	5.53%	8,866,245	$1.3B	added×5.2	+4.65 pp	2 q
unresolvedValeant Pharmaceuticals Intl	5.14%	9,296,143	$1.2B	added+12%	+0.58 pp	4 q
unresolvedTwenty First Centy Fox Inc	5.09%	37,933,856	$1.2B	added+26%	+0.15 pp	3 q
TMOThermo Fisher Scientific, Inc.	4.88%	9,668,639	$1.2B	trimmed−7%	−0.51 pp	4 q
LYBLyondellBasell Industries N.V. Class A	4.80%	12,859,004	$1.1B	added+61%	+1.81 pp	4 q
LOWLowe's Companies Inc.	3.72%	18,112,568	$886M	added+2%	−0.39 pp	3 q
COFCapital One Financial	3.53%	10,900,417	$841M	trimmed−14%	−0.99 pp	4 q
BIDUBaidu, Inc.	2.71%	4,238,958	$645M	added×2.8	+1.45 pp	3 q
VLOValero Energy Corporation	2.70%	12,131,872	$644M	trimmed−24%	−1.05 pp	4 q
unresolvedMichael Kors Hldgs Ltd	2.61%	6,668,939	$622M	trimmed−20%	−0.55 pp	4 q
unresolvedCanadian Pac Ry Ltd	2.54%	4,023,047	$605M	trimmed−1%	−0.32 pp	2 q
STZConstellation Brands, Inc.	2.50%	7,014,138	$596M	added+28%	+0.70 pp	3 q
VVISA Inc.	2.49%	2,745,651	$593M	added+7%	−0.17 pp	4 q
MAMastercard Incorporated	2.42%	7,732,820	$578M	added+20%	−0.08 pp	4 q
METAMeta Platforms, Inc. Class A	2.23%	8,821,514	$531M	trimmed−52%	−2.44 pp	3 q
MDLZMondelez International, Inc. Class A	2.22%	15,312,675	$529M	added×3.0	+1.37 pp	2 q
HRBH&R Block, Inc.	2.16%	17,053,916	$515M	trimmed−3%	−0.22 pp	4 q
MUMicron Technology, Inc.	2.05%	20,667,617	$489M	trimmed−27%	−0.81 pp	4 q
unresolvedCameron International Corp	2.02%	7,811,219	$482M	added×2.1	+0.99 pp	3 q
unresolvedMonsanto Co	1.48%	3,097,531	$352M	trimmed−11%	−0.40 pp	4 q
MHKMohawk Industries, Inc.	1.43%	2,512,888	$342M	added×3.9	+0.98 pp	2 q
AIGAmerican International Group, Inc.	1.33%	6,323,360	$316M	added×7.4	+1.13 pp	2 q
REGNRegeneron Pharmaceuticals Inc	1.32%	1,051,800	$316M	new	+1.32 pp	new
CXOConcho Resources Inc.	1.31%	2,547,520	$312M	added+43%	+0.41 pp	2 q
PXDPioneer Natural Resource Co.	1.29%	1,637,536	$306M	new	+1.29 pp	new
WDAYWorkday, Inc. Class A	1.20%	3,123,549	$286M	new	+1.20 pp	new
ADSKAutodesk Inc	1.18%	5,731,636	$282M	new	+1.18 pp	new
ALXNAlexion Pharmaceuticals Inc	1.17%	1,836,658	$279M	trimmed−36%	−0.61 pp	4 q
TG7Triumph Group Inc	1.01%	3,711,191	$240M	added+4%	−0.26 pp	4 q
UHSUniversal Health Services, Inc. Class B	0.95%	2,759,799	$226M	trimmed−8%	−0.19 pp	4 q
unresolvedActavis PLC	0.94%	1,091,544	$225M	trimmed−63%	−1.36 pp	2 q
VZVerizon Communications	0.88%	4,420,635	$210M	added×3.3	+0.57 pp	2 q
unresolvedCrwn Castle Int'l Corp.	0.80%	2,570,743	$190M	added+17%	+0.05 pp	4 q
KSUKansas City Southern	0.79%	1,837,625	$188M	new	+0.79 pp	new
ADBEAdobe Inc.	0.68%	2,473,340	$163M	trimmed−20%	−0.19 pp	4 q
unresolvedSalix Pharmaceuticals Ltd	0.67%	1,551,766	$161M	new	+0.67 pp	new
BACBank of America Corporation	0.63%	8,787,660	$151M	trimmed−74%	−1.87 pp	3 q
ICPTIntercept Pharmaceuticals, Inc.	0.63%	454,917	$150M	new	+0.63 pp	new
USBU.S. Bancorp	0.62%	3,469,000	$149M	new	+0.62 pp	new
DVADaVita Inc.	0.55%	1,917,104	$132M	added+22%	+0.09 pp	2 q
unresolvedSt Jude Med Inc	0.52%	1,901,750	$124M	added+28%	+0.09 pp	2 q
unresolvedPriceline Grp Inc	0.51%	101,320	$121M	new	+0.51 pp	new
ZNGAZynga Inc. Cl A	0.51%	28,452,470	$122M	new	+0.51 pp	new
BIIBBiogen Inc.	0.50%	388,900	$119M	new	+0.50 pp	new
unresolvedYahoo Inc	0.45%	3,014,082	$108M	new	+0.45 pp	new
ACADAcadia Pharmaceuticals Inc.	0.37%	3,598,407	$88M	added+37%	+0.06 pp	2 q
unresolvedMylan Inc	0.36%	1,776,108	$87M	new	+0.36 pp	new
unresolvedIng U S Inc	0.28%	1,833,700	$67M	new	+0.28 pp	new
unresolvedShire PLC	0.25%	399,840	$59M	trimmed−67%	−0.56 pp	4 q
unresolvedNorthstar Rlty Fin Corp	0.24%	3,614,560	$58M	new	+0.24 pp	new
NXPINXP Semiconductors N.V.	0.22%	893,200	$53M	new	+0.22 pp	new
METMetLife, Inc.	0.19%	866,500	$46M	trimmed−79%	−0.87 pp	4 q
CMECME Group Inc.	0.17%	558,300	$41M	new	+0.17 pp	new
STTState Street Corporation	0.17%	576,394	$40M	new	+0.17 pp	new
BBBlackBerry Limited	0.13%	3,888,791	$31M	trimmed−47%	−0.12 pp	3 q
HPHelmerich & Payne, Inc.	0.13%	299,100	$32M	new	+0.13 pp	new
unresolvedQihoo 360 Technology Co. ADR	0.13%	321,900	$32M	new	+0.13 pp	new
CTXSCitrix Systems Inc	0.04%	180,000	$10M	new	+0.04 pp	new
DHRDanaher Corporation	—	−6,159,351	—	exited	−2.22 pp	—
DISThe Walt Disney Company	—	−5,996,321	—	exited	−2.14 pp	—
CXCemex S.A.B. de C.V.	—	−32,891,345	—	exited	−1.82 pp	—
NUSNuSkin Enterprises, Inc.	—	−2,109,711	—	exited	−1.36 pp	—
unresolvedMcGraw Hill	—	−3,614,429	—	exited	−1.32 pp	—
CTSHCognizant Technology Solutions	—	−4,804,862	—	exited	−1.13 pp	—
CCitigroup Inc.	—	−4,135,400	—	exited	−1.01 pp	—
MCKMcKesson Corporation	—	−1,261,574	—	exited	−0.95 pp	—
unresolvedAllergan Inc	—	−1,438,989	—	exited	−0.75 pp	—
HCAHCA Healthcare, Inc.	—	−2,654,617	—	exited	−0.59 pp	—
WYNNWynn Resorts Ltd	—	−632,188	—	exited	−0.57 pp	—
unresolvedTesoro Corp	—	−1,813,349	—	exited	−0.50 pp	—
ELThe Estee Lauder Companies Inc. Class A	—	−1,324,965	—	exited	−0.47 pp	—
HUMHumana Inc.	—	−927,093	—	exited	−0.45 pp	—
DFSDiscover Financial Services	—	−1,264,600	—	exited	−0.33 pp	—
SINASina Corp	—	−843,486	—	exited	−0.33 pp	—
unresolvedAegerion Pharmaceuticals Inc	—	−881,333	—	exited	−0.29 pp	—
SIRISirius XM Holdings, Inc	—	−15,172,363	—	exited	−0.25 pp	—
unresolvedCubist Pharms Inc.	—	−741,700	—	exited	−0.24 pp	—
NOKNokia Corporation	—	−5,162,058	—	exited	−0.20 pp	—
unresolvedYouku Inc ADR	—	−1,438,252	—	exited	−0.20 pp	—
EMNEastman Chemical Company	—	−495,510	—	exited	−0.19 pp	—
SW5Southwestern Energy Co	—	−689,700	—	exited	−0.13 pp	—
ORLYO'Reilly Automotive, Inc.	—	−161,426	—	exited	−0.10 pp	—
MLCOMelco Resorts & Entertainment Limited	—	−506,443	—	exited	−0.09 pp	—
STAYExtended Stay America, Inc. Paired Share	—	−542,531	—	exited	−0.07 pp	—