Andreas Halvorssen’s Viking World Traders took new positions in Lululemon Athletica and Sherwin-Williams within the first quarter, based on the hedge fund’s newest 13F submitting with the Securities and Change Fee. Halvorsen, whose agency has roughly $52 billion in property beneath administration, purchased greater than 1.9 million shares of yogawear maker Lululemon on the finish of the primary quarter, price $690 million. The inventory is up 16% this yr, considerably outpacing the S&P 500. Halvorsen additionally owns a 2.25 million share stake in paint maker Sherwin-Williams, valued at $506 million. The inventory has declined 6 per cent this yr. Fellow hedge fund supervisor Dan Sundheim of DQ Capital Companions bought his whole stake in Sherwin-Williams within the first quarter. Elsewhere, the Norwegian hedge fund supervisor elevated his holdings in tech, insurance coverage and monetary shares akin to UnitedHealth (up 66%), McKesson (up 46%), Fortinet (up 67%) and CSX (up 42%). Halvorsen decreased his prior holdings to zero in shares together with Uber , Brookfield and RH . Visa was the highest holding of Viking World in the course of the quarter with a place of $1.48 billion. The Funds inventory is up 11% this yr, regardless of a 7% decline within the S&P 500 monetary index. Halvorsen’s 46% enhance in its McKesson stake put the inventory within the quantity two slot amongst its largest holdings at $1.14 billion. However Halvorsen’s buy of McKesson, which is about 6% yr thus far, stands it other than another giant buyers. Warren Buffett’s Berkshire Hathaway decreased its place by practically 20% final quarter. Amongst Halvorsen’s high 10 holdings, all had share will increase within the quarter other than Amazon, which minimize practically 40%. Lululemon was the one new holding within the quarter to make the highest 10 greatest listing. Cash managers who oversee greater than $100 million in property should disclose lengthy positions to the Securities and Change Fee no later than 45 days after the top of 1 / 4. This makes it attainable that Halvorsen has already modified its holdings within the present quarter. Correction: A earlier model misstated Viking World’s actions within the first quarter leading to an incorrect quarterly comparability.
Andreas Halvorsen’s Viking World Invests New Cash in Lululemon and Sherwin-Williams in Q1