Tiger Cubs Andreas Halvorsen and David Ott’s Viking Global and Steve Mandel’s Lone Pine Capital just reported their Q1 holdings to the SEC . Viking’s portfolio value rose to $16.6 billion from $14 billion while Lone Pine added $3 billion and its total long holdings are now worth $19.2 billion. Lone Pine has a pretty large short portfolio in Europe, readers can see it here.
Steve Mandel’s Lone Pine Major Movers
The noted Tiger Cub exited Facebook Inc (NASDAQ:FB) in the last quarter and also sold out all call options for Herbalife Ltd. (NYSE:HLF) in the first quarter. He also closed out positions in Crown Castle International Corp. (NYSE:CCI) and Informatica Corporation (NASDAQ:INFA).
Mandel’s new positions were initiated in the entertainment sector, primarily Liberty Media Corp (NASDAQ:LMCA) and Virgin Media Inc. (NASDAQ:VMED), plus pharmaceutical players like Valeant Pharmaceuticals Intl Inc (NYSE:VRX) and Thermo Fisher Scientific Inc. (NYSE:TMO). The fund also increased leverage and raked up put and call options in several stocks. Most notably Lone Pine bought 1.75 million put options in Tesla Motors Inc (NASDAQ:TSLA).
Major additions to existing stakes were made in Intuitive Surgical, Inc. (NASDAQ:ISRG) where position was increased by 118 percent. Other than that, Lone Pine also bought Mead Johnson, News Corp (NASDAQ:NWSA).
Viking Global’s Buys & Sells
Both Tiger Cubs have some converging positions and moves—Intuitive Surgical, Inc. (NASDAQ:ISRG) is one of Viking Global’s top five holdings. Additionally Viking exited its position in News Corp (NASDAQ:NWSA) which previously made 6 percent of Halvorsen’s portfolio whereas Lone Pine bought more. Both Viking and Lone Pine now hold H&R Block, Inc. (NYSE:HRB), Lone Pine opened a position in H&R with 6.7 million shares in Q1 whereas Viking increased its existing stake by 10 percent in the same time period.
Viking closed out several positions, and some of the notable exits were American International Group Inc (NYSE:AIG), Berkshire Hathaway Inc. (NYSE:BRK-B), Humana Inc (NYSE:HUM) and Schlumberger Limited. (NYSE:SLB).
Viking opened major new holdings in The Boeing Company (NYSE:BA) with 12.3 million shares, Marathon Petroleum Corp (NYSE:MPC), Adobe Systems Incorporated (NASDAQ:ADBE), Cemex SAB de CV (ADR) (NYSE:CX) and Valero Energy Corporation (NYSE:VLO). Other buys for Q1 were Hewlett-Packard Company (NYSE:HPQ), Motorola Solutions Inc (NYSE:MSI), The Goldman Sachs Group, Inc (NYSE:GS) and Illumina, Inc. (NASDAQ:ILMN).
Viking increased its stake in Valeant Pharmaceuticals Intl Inc (NYSE:VRX), Intuitive Surgical, Inc. (NASDAQ:ISRG), LyondellBasell Industries NV (NYSE:LYB) and Comcast Corporation (NASDAQ:CMCSA).