Latest news with #Halvorsen
CNBC
15-05-2025
- Business
- CNBC
Ole Andreas Halvorsen's Viking Global bet on banks and more than doubled its stake in Nvidia in the first quarter
Ole Andreas Halvorsen's Viking Global increased its bets on U.S. financial stocks in the first quarter and more than doubled its position in Nvidia , according to the latest regulatory filing. Viking loaded up on shares of U.S. Bancorp , Charles Schwab and Bank of America , making them the hedge fund's three largest holdings, in that order. The fund also loaded up on a new position in Capital One , worth $823 million at the end of March. The Norwegian-American billionaire increased his stake in U.S. Bancorp by 43% after reducing its holding in the fourth quarter. Viking now holds more than 34.8 million shares of the Minneapolis-based bank in a position worth about $1.5 billion, according to the latest 13F filing with the Securities and Exchange Commission. Shares of U.S. Bancorp are down 6.8% this year, but have jumped 15.4% over the past month. Halvorsen, an alumnus of the late Julian Robertson 's Tiger Management, also raised his position in Charles Schwab by nearly 21%, and in Bank of America by 30.3%, as well as buying a new stake in Capital One Financial worth roughly $823 million. Viking also took a bet on embattled UnitedHealth , raising its position in the health care provider by 12.5% after the company faced multiple setbacks in 2024, ranging from the murder of the CEO at its largest division to higher-than-expected medical costs to a cyberattack. UnitedHealth was Viking's fourth largest position at the end of the first quarter, but there's no way to tell what, if anything, the fund has done since then. In addition to financials, Viking also bet on a several major semiconductor stocks and apparel companies. Viking loaded up on shares of Nvidia, more than tripling its stake in the company to about $709 million at the end of the latest quarter, and raised its holding in Qualcomm further after adding the chipmaker to its portfolio in the fourth quarter. Halvorsen also increased his positions in discount retailer Ross Stores and shoemaker Skechers by about 153% and 60%, respectively, while adding a new position in beaten-down Nike worth roughly $350 million. Viking also bought into new positions in Meta Platforms , Chubb and Singapore-based tech conglomerate Sea . The fund owned about $845 million worth of Meta shares by the end of the first quarter, making it the largest new buy in the quarter and Viking's seventh largest holding overall. Shares of Sea, the owner of e-commerce marketplace Shopee and popular gaming platform Garena, have soared more than 55% this year. Viking slashed its stakes in JPMorgan , Monster Beverage , Philip Morris , Progressive , Visa and Spotify , while entirely dissolving positions in Lululemon , KKR , Salesforce , Vistra and ZScaler .
Yahoo
03-05-2025
- Business
- Yahoo
Adobe Inc. (ADBE): Among Billionaire Andreas Halvorsen's Stock Picks With Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where Adobe Inc. (NASDAQ:ADBE) stands against other billionaire Andreas Halvorsen's stock picks with huge upside potential. Ole Andreas Halvorsen is one of the prominent names among former employees of Julian Robertson's Tiger Management. Robertson put together a formidable team of young traders – called the Tiger Cubs – in the 1990s, and most founded their own hedge funds after exit. Some other noteworthy names include Robert Citrone, Chase Coleman, and John Griffin. Halvorsen is the wealthiest Tiger Cub. Forbes Magazine ranks him at position 382 in the Richest People in the World in 2025 list with an $8 billion net worth. The Norwegian billionaire founded Viking Global Investors LP in 1999 with former Tiger Management employees Brian Olson and David Ott. Halvorsen was an equity trader at Tiger Management, and the strategies and principles he used there form a core foundation of Viking Global's approach. The fund conducts extensive due diligence on individual companies to identify undervalued (long) or overvalued (short) stocks. In short, Halvorsen generates much of his returns using the classic long/short equity strategy. READ ALSO: Billionaire Steve Cohen's 10 Large-Cap Stock Picks With Huge Upside Potential and Billionaire Prem Watsa's 10 Stock Picks With Highest Potential. But most importantly, Halvorsen is popular for his bold bets. And on many occasions, these bets have returned massive gains. For instance, in the first full year of Viking Global's existence, the fund returned 89% after fees. More recently, in Q4 2024, the billionaire made three banks his top holdings. As of April 2025, the banking sector (within Halvorsen's portfolio) is performing well and is the only sector that is up year-to-date. If anything, Halvorsen's approach teaches that playing the long game might be a great strategy for favorable gains. Many of the stocks in Viking Global's portfolio have been there for many years, often bought when they weren't so popular. In that light, it is prudent to examine what stocks the billionaire is invested in, especially those with considerable upside potential. We reviewed Viking Global's Q4 2024 SEC 13F filings to compile this list. Out of the 86 holdings, we focused only on shares in companies and excluded interests in ETFs and options. From the result, we selected the top 10 stocks with the highest upside potential (as of April 28). Additionally, we have mentioned the hedge fund sentiment around each stock as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Ole Andreas Halvorsen of Viking GlobalAdobe Inc. (NASDAQ:ADBE) is a software company known for its creative and digital solutions. Its products include tools for graphic design, photo editing, video production, animation, and document management. The company operates globally and its clients range from individual creators and small businesses to large enterprises across industries like media, marketing, education, and technology. Adobe Inc. (NASDAQ:ADBE) reported record revenue of $5.71 billion in Q1 2025, representing 10% year-over-year growth or 11% in constant currency. The company also delivered record operating cash flows of $2.48 billion. Digital Media segment revenue reached $4.23 billion, growing 11% year-over-year, while Digital Experience segment revenue was $1.41 billion, up 10% year-over-year. Adobe Inc. (NASDAQ: ADBE) is expanding its AI capabilities with the new Firefly app, announced at MAX London. The app integrates Adobe's AI models with Google Cloud and OpenAI, allowing creators to produce multimedia content easily. The company also expanded its NFL partnership on April 23, 2025. Adobe Experience Platform will help the NFL and its clubs personalize fan engagement, while Creative Cloud tools will be used for live content creation. On April 16, 2025, BMO Capital Markets adjusted its outlook on Adobe Inc.'s (NASDAQ:ADBE) stock. It cut the price target by $45 to $450 but maintained an Outperform rating on the stock. Overall, ADBE ranks 7th on our list of billionaire Andreas Halvorsen's stock picks with huge upside potential. While we acknowledge the potential of ADBE as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ADBE but that trades at less than 5 times its earnings check out our report about this READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
Salesforce Inc (CRM): Among Billionaire Andreas Halvorsen's Stock Picks With Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where Salesforce Inc (NYSE:CRM) stands against other billionaire Andreas Halvorsen's stock picks with huge upside potential. Ole Andreas Halvorsen is one of the prominent names among former employees of Julian Robertson's Tiger Management. Robertson put together a formidable team of young traders – called the Tiger Cubs – in the 1990s, and most founded their own hedge funds after exit. Some other noteworthy names include Robert Citrone, Chase Coleman, and John Griffin. Halvorsen is the wealthiest Tiger Cub. Forbes Magazine ranks him at position 382 in the Richest People in the World in 2025 list with an $8 billion net worth. The Norwegian billionaire founded Viking Global Investors LP in 1999 with former Tiger Management employees Brian Olson and David Ott. Halvorsen was an equity trader at Tiger Management, and the strategies and principles he used there form a core foundation of Viking Global's approach. The fund conducts extensive due diligence on individual companies to identify undervalued (long) or overvalued (short) stocks. In short, Halvorsen generates much of his returns using the classic long/short equity strategy. READ ALSO: Billionaire Steve Cohen's 10 Large-Cap Stock Picks With Huge Upside Potential and Billionaire Prem Watsa's 10 Stock Picks With Highest Potential. But most importantly, Halvorsen is popular for his bold bets. And on many occasions, these bets have returned massive gains. For instance, in the first full year of Viking Global's existence, the fund returned 89% after fees. More recently, in Q4 2024, the billionaire made three banks his top holdings. As of April 2025, the banking sector (within Halvorsen's portfolio) is performing well and is the only sector that is up year-to-date. If anything, Halvorsen's approach teaches that playing the long game might be a great strategy for favorable gains. Many of the stocks in Viking Global's portfolio have been there for many years, often bought when they weren't so popular. In that light, it is prudent to examine what stocks the billionaire is invested in, especially those with considerable upside potential. We reviewed Viking Global's Q4 2024 SEC 13F filings to compile this list. Out of the 86 holdings, we focused only on shares in companies and excluded interests in ETFs and options. From the result, we selected the top 10 stocks with the highest upside potential (as of April 28). Additionally, we have mentioned the hedge fund sentiment around each stock as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A customer service team in an office setting using the company's Customer 360 platform to communicate with Inc (NYSE:CRM) is a technology company that provides cloud computing and customer relationship management (CRM) services. Its products include software solutions for sales, customer service, marketing, commerce, and analytics. The company operates globally and serves businesses of all sizes across industries like retail, healthcare, and finance. Salesforce Inc (NYSE:CRM) delivered solid results in Q4 2025, with revenue reaching $10.0 billion, up 8% year-over-year and 9% in constant currency. For the full fiscal year 2025, Salesforce (NYSE:CRM) reported revenue of $37.9 billion, up 9% both year-over-year and in constant currency. The firm achieved strong cash flow generation with operating cash flow of $13.1 billion, up 28% year-over-year, and free cash flow of $12.4 billion, up 31% year-over-year. Salesforce Inc's (NYSE:CRM) AI initiatives are showing strong momentum. Since October 2024, the company closed 5,000 Agentforce deals, including more than 3,000 paid ones. As a result, its Data Cloud and AI annual recurring revenue reached $900 million, growing 120% year-over-year. Nearly half of the Fortune 100 companies are both AI and Data Cloud customers, with all of the top 10 wins in Q4, including Data and AI components. On April 21, 2025, Guggenheim Securities upgraded Salesforce (NYSE:CRM) stock from Sell to Neutral. The research firm acknowledged that the stock's recent decline has brought it in line with what they believe to be the company's prospects. Overall, CRM ranks 9th on our list of billionaire Andreas Halvorsen's stock picks with huge upside potential. While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CRM but that trades at less than 5 times its earnings check out our report about this READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
American Airlines Group Inc. (AAL): Among Billionaire Andreas Halvorsen's Stock Picks With Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where American Airlines Group Inc. (NASDAQ:AAL) stands against other billionaire Andreas Halvorsen's stock picks with huge upside potential. Ole Andreas Halvorsen is one of the prominent names among former employees of Julian Robertson's Tiger Management. Robertson put together a formidable team of young traders – called the Tiger Cubs – in the 1990s, and most founded their own hedge funds after exit. Some other noteworthy names include Robert Citrone, Chase Coleman, and John Griffin. Halvorsen is the wealthiest Tiger Cub. Forbes Magazine ranks him at position 382 in the Richest People in the World in 2025 list with an $8 billion net worth. The Norwegian billionaire founded Viking Global Investors LP in 1999 with former Tiger Management employees Brian Olson and David Ott. Halvorsen was an equity trader at Tiger Management, and the strategies and principles he used there form a core foundation of Viking Global's approach. The fund conducts extensive due diligence on individual companies to identify undervalued (long) or overvalued (short) stocks. In short, Halvorsen generates much of his returns using the classic long/short equity strategy. READ ALSO: Billionaire Steve Cohen's 10 Large-Cap Stock Picks With Huge Upside Potential and Billionaire Prem Watsa's 10 Stock Picks With Highest Potential. But most importantly, Halvorsen is popular for his bold bets. And on many occasions, these bets have returned massive gains. For instance, in the first full year of Viking Global's existence, the fund returned 89% after fees. More recently, in Q4 2024, the billionaire made three banks his top holdings. As of April 2025, the banking sector (within Halvorsen's portfolio) is performing well and is the only sector that is up year-to-date. If anything, Halvorsen's approach teaches that playing the long game might be a great strategy for favorable gains. Many of the stocks in Viking Global's portfolio have been there for many years, often bought when they weren't so popular. In that light, it is prudent to examine what stocks the billionaire is invested in, especially those with considerable upside potential. We reviewed Viking Global's Q4 2024 SEC 13F filings to compile this list. Out of the 86 holdings, we focused only on shares in companies and excluded interests in ETFs and options. From the result, we selected the top 10 stocks with the highest upside potential (as of April 28). Additionally, we have mentioned the hedge fund sentiment around each stock as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A passenger jet taking off, representing the company's commitment to air transportation Airlines Group Inc. (NASDAQ:AAL) is the largest airline in the world by number of passengers carried. The American company transports passengers and cargo, and it provides both domestic and international flights. Its key markets include the United States, Europe, Asia, and Latin America. American Airlines Group Inc. (NASDAQ:AAL) reported mixed Q1 2025 results, with revenues of $12.55 billion, down 0.2% year-over-year, and a narrower-than-expected loss of 59 cents per share. Passenger revenues, making up 90.8% of the total, fell 0.6% to $11.4 billion due to weaker domestic leisure demand caused by tariff concerns. On April 24, 2025, the airline withdrew its full-year guidance, citing economic challenges, but remains focused on improving customer experience. 'We're in a challenging economic environment which has had a significant impact on the industry,' CEO Robert Isom said, noting that while the airline industry historically thrives in periods of economic growth, the positive momentum seen at the end of 2024 faded quickly in early 2025. For Q2 2025, management expects total revenues to be down 2% to up 1% from Q2 2024, with adjusted earnings per share between 50 cents and $1. Analysts hold a Moderate Buy rating opinion on American Airlines Group Inc. (NASDAQ:AAL), and their 12-month average price target points to a 44.41% upside from the current price as of April 28. Overall, AAL ranks 6th on our list of billionaire Andreas Halvorsen's stock picks with huge upside potential. While we acknowledge the potential of AAL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AAL but that trades at less than 5 times its earnings check out our report about this READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
30-04-2025
- Business
- Yahoo
Flutter Entertainment plc (FLUT): Among Billionaire Andreas Halvorsen's Stock Picks With Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where Flutter Entertainment plc (NYSE:FLUT) stands against other billionaire Andreas Halvorsen's stock picks with huge upside potential. Ole Andreas Halvorsen is one of the prominent names among former employees of Julian Robertson's Tiger Management. Robertson put together a formidable team of young traders – called the Tiger Cubs – in the 1990s, and most founded their own hedge funds after exit. Some other noteworthy names include Robert Citrone, Chase Coleman, and John Griffin. Halvorsen is the wealthiest Tiger Cub. Forbes Magazine ranks him at position 382 in the Richest People in the World in 2025 list with an $8 billion net worth. The Norwegian billionaire founded Viking Global Investors LP in 1999 with former Tiger Management employees Brian Olson and David Ott. Halvorsen was an equity trader at Tiger Management, and the strategies and principles he used there form a core foundation of Viking Global's approach. The fund conducts extensive due diligence on individual companies to identify undervalued (long) or overvalued (short) stocks. In short, Halvorsen generates much of his returns using the classic long/short equity strategy. READ ALSO: Billionaire Steve Cohen's 10 Large-Cap Stock Picks With Huge Upside Potential and Billionaire Prem Watsa's 10 Stock Picks With Highest Potential. But most importantly, Halvorsen is popular for his bold bets. And on many occasions, these bets have returned massive gains. For instance, in the first full year of Viking Global's existence, the fund returned 89% after fees. More recently, in Q4 2024, the billionaire made three banks his top holdings. As of April 2025, the banking sector (within Halvorsen's portfolio) is performing well and is the only sector that is up year-to-date. If anything, Halvorsen's approach teaches that playing the long game might be a great strategy for favorable gains. Many of the stocks in Viking Global's portfolio have been there for many years, often bought when they weren't so popular. In that light, it is prudent to examine what stocks the billionaire is invested in, especially those with considerable upside potential. We reviewed Viking Global's Q4 2024 SEC 13F filings to compile this list. Out of the 86 holdings, we focused only on shares in companies and excluded interests in ETFs and options. From the result, we selected the top 10 stocks with the highest upside potential (as of April 28). Additionally, we have mentioned the hedge fund sentiment around each stock as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Ole Andreas Halvorsen of Viking GlobalFlutter Entertainment plc (NYSE:FLUT) is a sports betting and gaming company. It operates brands like FanDuel, Paddy Power, and Betfair. These brands offer products such as online sports betting, casino games, poker, and fantasy sports. Its services cater to recreational and professional gamblers, providing platforms for wagering on sports events, horse racing, and other games. Flutter Entertainment plc (NYSE:FLUT) reported robust financial results in Q4 2024. Revenue grew by 14% year-over-year to $3.79 billion, driven by a 7% increase in average monthly players to 14.6 million. For the full year 2024, revenue increased by 19% to $14.05 billion. The firm also posted a remarkable turnaround in profitability, reporting a net income of $162 million compared to a loss of $1.21 billion in 2023. Flutter Entertainment plc's (NYSE:FLUT) US operations through FanDuel continue to be a significant growth driver. On April 23, 2025, the company revealed that FanDuel would participate in the 151st Kentucky Derby scheduled for May 3, 2025. FanDuel will offer 'exclusive promotions, live coverage, and can't-miss events' to elevate the Derby experience for racing fans. On April 21, 2025, Benchmark analysts maintained their positive outlook on Flutter Entertainment plc's (NYSE:FLUT) shares. They reiterated a Buy rating and a $300 price target. Overall, FLUT ranks 8th on our list of billionaire Andreas Halvorsen's stock picks with huge upside potential. While we acknowledge the potential of FLUT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FLUT but that trades at less than 5 times its earnings check out our report about this READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
