T-Mobile Exited the Viking Global Fourth Quarter After Adding CSX and Fortinet

According to regulatory filings, Viking Global changed out a number of positions worth hundreds of millions of dollars during a busy fourth quarter for the hedge fund.

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The company Viking, led by Andreas Halvorsen, disclosed a number of noteworthy new holdings, including a $480 million interest in CSX. Fortinet, Li Auto, and Seagate Technologies are three further significant additions to the portfolio.

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During the quarter, Viking Global also sold off a number of significant positions, including T-Mobile stakes and Salesforce, which had respective market values of $446 million and $345 million at the conclusion of the third quarter. At the end of June 2022, T-Mobile was the fund's top equity holding.

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Parker Hannifin, Take-Two Interactive, and Western Digital are three further significant companies whose positions were canceled out.

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The disclosures from Trade Algo show that Viking reduced the number of its top holdings while increasing its shares in UnitedHealth Group and Amazon.

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Due to the fact that Halvorsen assisted Julian Robertson at Tiger Management, Viking is one of the so-called Tiger Cubs. According to information on Viking's website, the company managed more than $37 billion in the capital as of the end of December. This is a decrease from roughly $47 billion a year ago.

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The most recent security filings for Viking solely indicate the company's long equity positions; they do not include any potential hedges, fixed-income holdings, option positions, or short positions. Additionally, the disclosures do not specify when or how much the portfolio modifications cost.

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At the conclusion of the quarter, Viking Global's listed equity holdings amounted to nearly $20 billion.