Profiles >> Viking Global Investors LP

Viking Global Investors LP

Last Updated: 12/3/2020

Viking Global Investors LP is a Limited Partnership that started in 1999 and is primarily owned and controlled by O. Andreas Halvorsen and David C. Ott.

Viking Global manages three primary strategies: the Viking Global Equities Fund which deals with long/short strategies, the Viking Long Funds which is a long only fund, and the Viking Global Opportunities Funds. Halvorsen and Ott are both Tiger Cubs under Julian Robertson's Tiger Management Corporation.

Viking Global Investors LP operates out of an office in Greenwich, CT. Based on the Form ADV filed on 2020-03-27 00:00:00, the investment firm is comprised of 175 employees, only 49 of whom performs investment advisory functions.

Fact Sheet

      Name: Viking Global Investors LP
      CRD No: 132272
      Filing Recorded: 2020-03-27 00:00:00
      Year of Origin: 1999
      Employees: 175
      Clients: 12
      AUM: 42,123,111,000
      Management Fee: 1.5 Percent
      Performance Fee: 17.5 to 20 Percent
      Client Type: Pooled Investment Vehicles
      Assets Traded: Unspecified


Investment Strategy

According to the brochure submitted to IAPD, Vikings investment strategy is as follows:

VGI seeks to maximize the VGE Funds’ performance while mitigating general market risk by employing a hedged approach, taking short positions as well as long positions. VGI expects to maintain a relatively low net exposure (as defined in Item 4 above) for the VGE Funds, and, consequently VGI believes that over sustained periods of time performance will be more a function of investment selection than of movements in broad market averages. Over the long term, VGI aims to achieve returns for the VGE Funds that are higher than those implied by broad market indices while assuming overall portfolio risk that is less than that inherent in a market portfolio. Short positions constitute an integral component of the VGE Funds’ investment program. These positions are generally intended to contribute positively to the performance of the VGE Funds. In addition, they may lessen the impact on the VGE Funds of a major stock market decline.

Methods of Analysis

In addition, Vikings methods of analysis include:

In its fundamental approach to investment selection for the Funds, VGI generally performs a number of tasks that may include the following: detailed review of a company’s products and services; market analyses to estimate the size of the future market for such products and services; analyses of a company’s financial information; evaluations of a company’s management team; discussions with a company’s potential customers and competitors; consultations with industry experts; reviews of alternative data (which may include “big data”); quantitative analyses and reviews of other quantitative inputs; and reviews of the macroeconomic, regulatory and technological dynamics affecting a company’s prospects.

The type of research and analysis performed by VGI will vary based on a number of factors, including the nature of the investment. For instance, VGI will typically focus on different factors when evaluating a potential investment in a mature public company as compared to an early-stage private company. VGI may discuss its investment research and analysis with other industry participants. In addition, for liquid investments, VGI typically develops a multi-year financial model forecasting a company’s earnings, cash flow and prospective growth rates, which VGI uses to forecast a target price for that company’s securities. The duration of the holding period for liquid investments is generally determined by how quickly the security’s price approaches VGI’s target price and any new or changed data points that call the original thesis into question. Other factors may include VGI’s view of the effectiveness of the company’s management, the company’s potential growth trajectory and market liquidity.

VGI reevaluates the Funds’ liquid investment positions frequently as circumstances change and resizes positions due to factors such as changes in fundamental performance or outlook, stock price, market news or macroeconomic conditions. Moreover, each position is typically evaluated not only on its own merits, but relative to other opportunities; accordingly, positions may be resized or closed out based on changes in VGI’s broader investment universe.

Top 10 Holdings from Form 13F

Reporting Period: 09/30/2020

Issuer Share Value(1000s) Put/Call
MICROSOFT CORP 8,257,020 1,736,699
AMERICAN EXPRESS CO 10,848,301 1,087,542
CENTENE CORP DEL 17,445,560 1,017,600
BRIDGEBIO PHARMA INC 26,620,991 998,820
T-MOBILE US INC 8,070,119 922,899
JPMORGAN CHASE & CO 9,450,975 909,845
AMAZON COM INC 272,272 857,311

Historical 13F Filings

EdgeGiant has compiled all 13F filings since Q2 2013 for your convenience. You can view historical portfolio position forViking Global Investors LPin our 13F section HERE.

To get the comprehensive list of holdings that fall under 13F regulatory guidelines, check out our write up on how to access and use 13Fs in your personal investment decisions.

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Historical Portfolio Holdings for Viking Global Investors LP