Andreas Halvorsen
Viking Global Investors
Profile & Investment Philosophy
Andreas Halvorsen's Viking Global Investors continues to dominate in quality sectors like financials and semiconductors. In Q1 2026, Visa and TSM remained his top conviction bets. Halvorsen initiated new positions in ATI Inc. and Hasbro, while exiting AMD. His low-profile, high-discipline style continues to deliver steady compounding for Viking's investors.
Track Record
Ole Andreas Halvorsen co-founded Viking Global Investors in 1999 after leaving Julian Robertson's Tiger Management, where he had run global equities. Viking has compounded at roughly 17% annually since inception, a record built less on home-run years than on disciplined risk control and notably shallow drawdowns relative to peers. The firm manages multiple long-short and long-only vehicles with assets in the tens of billions. Halvorsen's edge is a deeply researched, sector-specialist analyst pod model — particularly strong in healthcare and financials — paired with a Norwegian temperament that favours position sizing discipline over heroics. Benchmark: a blend of MSCI World and the long-short equity hedge index.
Signature Trades
Current Strategy (2026)
Viking's 2026 13F reads like a textbook quality-compounder book: Visa anchors at 5.4%, TSMC at 4.2%, Charles Schwab at 3.9% and Apple appears as a new top-10 entry. The shape of the portfolio reflects Halvorsen's preference for businesses with three traits in common — recurring revenue, durable competitive position and predictable cash conversion. The Schwab position is interesting because it adds a rate-sensitive name to a book otherwise dominated by secular growers. There is no single sector concentration above 25% and the long book remains broad across forty-plus names. The current allocation suggests Halvorsen is positioned for a soft-landing scenario: enough cyclical exposure via financials and semis to participate in upside, but anchored by mega-cap quality should the macro backdrop deteriorate.
BMI Counter-Take
Viking is the manager most institutional allocators copy quietly without saying so. The portfolio is not flashy, the top names are not contrarian, and the headline returns rarely lead league tables in any single year — yet the long-run compounding is among the best in the post-Tiger generation. If you are looking for a hedge fund that behaves like a disciplined long-only manager with a short book bolted on, Viking is the template. Our concern: succession. Halvorsen has gradually stepped back from day-to-day duties, and the firm's edge has always been culture as much as model. Watch the analyst-pod retention more than the next 13F.
Current Portfolio
LATEST 13F 2026-03-31Latest SEC Form 13F filing. Total portfolio value: $35.7 B. Holdings: 77 positions.
| Security | Shares | Δ vs Prev | Value ($) | Portfolio % |
|---|---|---|---|---|
| Visa Inc. | 6.33 M | +58.8% | $1.91 B | 5.35 % |
| Taiwan Semiconductor Manufac | 4.47 M | -9.2% | $1.51 B | 4.22 % |
| Schwab Charles Corp. | 14.7 M | +5.7% | $1.38 B | 3.86 % |
| Disney Walt Co. | 13.3 M | +18.8% | $1.28 B | 3.59 % |
| Fortive Corp. | 22.5 M | +16.9% | $1.24 B | 3.48 % |
| Air Products And Chemicals I | 4.10 M | -14.2% | $1.19 B | 3.33 % |
| Mcdonalds Corp. | 3.63 M | +0.2% | $1.13 B | 3.15 % |
| Sherwin Williams Co. | 3.11 M | -1.9% | $998 M | 2.79 % |
| Tesla Inc. | 2.49 M | +46.7% | $927 M | 2.59 % |
| Apple Inc. | 3.59 M | ★ NEW | $912 M | 2.55 % |
SOURCE: SEC Form 13F (2026-05-15). BMI Smart Money Tracker.