The hedge fund sold out of positions in Uber, Brookfield and RH in the latest quarter.
Andreas Halvorsen's Viking Global Investors took new positions in Lululemon Athletica and Sherwin-Williams in the first quarter, according to the hedge fund's latest 13F filing to the Securities and Exchange Commission. Halvorsen, whose firm has about $52 billion in assets under management, bought more than 1.9 million shares of yogawear maker Lululemon, valued at $690 million at the end of the first quarter. The stock has rallied 16% this year, far outpacing the S & P 500.
Visa was Viking Global's top holding in the quarter, with a $1.48 billion position. The payment stock is up 11% this year, bucking a 7% decline in the S & P 500 Financials Index. A 46% increase to Halvorsen's McKesson stake put the stock in the number two slot among his biggest holdings, at $1.14 billion. But Halvorsen's buy into McKesson, which is up almost 6% year to date, differed from some other big investors.
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