Every quarter many money managers have to disclose what they've bought and sold. Their latest moves can shine a bright light on smart stock picks.
Today let's look at Viking Global Investors, founded in 1999 by Andreas Halvorsen and David Ott, who had previously worked together at Julian Robertson's respected Tiger Management firm. Viking is known as a long-short global equity fund, meaning that it aims to maintain long positions in companies on which it's bullish, and short positions in those where it's bearish.
Viking's stock portfolio totaled $12.2 billion in value as of March 31, 2012, with 57 holdings. The top three holdings, representing 17% of Viking's total value, were Cisco Systems, Google, and Invesco.
So what does Viking's latest quarterly 13F filing tell us? Here are a few interesting details:
New holdings include Hartford Financial Group
Las Vegas Sands stock hit a 52-week high last month on elevated expectations for its Singapore and Macau operations. It has been expanding in Macau, where gambling revenue rose 40% between 2010 and 2011, and it's aiming to open a massive EuroVegas property in Spain, as well.
Among holdings in which Viking Global increased its stake was Oncothyreon
Viking Global reduced its stake in lots of companies, including Baidu
Finally, Viking Global unloaded several companies, such as Occidental Petroleum
We should never blindly copy any investor's moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing, and 13-F forms can be great places to find intriguing candidates for our portfolios.
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