Andreas Halvorsen’s Biggest Energy and Utilities Purchases of Q2

#2 Anadarko Petroleum Corporation (NYSE:APC)

– Shares Owned by Viking Global (as of June 30): 7.8 Million

– Value of Holding (as of June 30): $415.51 Million

Moving on, Anadarko Petroleum Corporation (NYSE:APC) jumped several spots in Viking Global’s equity portfolio during the second quarter and became the fund’s 19th largest holding at the end of June owing largely to the over eight-fold increase that Viking made to its stake in the company during that time. Unlike the stock of several of its smaller peers, Anadarko Petroleum Corporation (NYSE:APC)’s stock hasn’t registered stellar gains this year. However, with year-to-date gain of 16.12% it has still performed better than the stocks of larger rivals like Exxon Mobil Corporation (NYSE:XOM), which has appreciated by only 12% so far in 2016. The company has sold several of its assets this year to improve its liquidity profile and lower its debt, but some analysts still feel that it needs to do a lot more going forward if it has to stay away from declaring bankruptcy. Anadarko Petroleum Corporation currently pays a quarterly dividend of $0.05 per share, which based on its last trading price translates into a minuscule annual dividend yield of only 0.36%. The ownership of Anadarko Petroleum Corporation among funds covered by Insider Monkey declined by over 20% to 48 funds during the second quarter, even though the aggregate value of hedge funds’ holdings in the company during that time rose by $304 million. Legendary oil speculator T Boone Pickens‘ BP Capital was one of the hedge funds that increased its holding in the company during the second quarter, by 24% to 169,132 shares.

#1 T-Mobile US Inc (NASDAQ:TMUS)

– Shares Owned by Viking Global (as of June 30): 13.96 Million

– Value of Holding (as of June 30): $604.33 Million

Having initiated its stake in T-Mobile US Inc (NASDAQ:TMUS) during the first quarter of the year, Viking Global proceeded to boost it by 424% during the second quarter. ThoughT-Mobile US Inc (NASDAQ:TMUS)’s stock hasn’t registered a gain anywhere close to the gain that arch rival Sprint Corp (NYSE:S)’s stock has seen this year, by appreciating 17.49% so far in 2016, it has still done reasonably well. Both these companies recently started a fresh fight when they launched similar unlimited-data plans for their networks within minutes of each other, on August 18. Following the launch of its plan, T-Mobile US received a lot of flak from users as the plan offered only 2G speeds while tethering and allowed video streaming at only 480p. However, the company was quick in addressing those issues and on August 29, announced changes to its T-Mobile One plans with T-Mobile One Plus. While time will only tell which of these two companies wins the unlimited data plan race, most analysts think that based on the way T-Mobile US has executed its strategies in the past, it has better chances of emerging as the winner. On August 29, analysts at Wells Fargo & Co. upgraded T-Mobile US Inc’s stock to ‘Outperform’ from ‘Market Perform’ while keeping their price target on it unchanged at $54. The ownership of the company among funds covered by us remained unchanged at 52 during the second quarter, however, the aggregate value of their holdings in it jumped by 28.44% during that time. Guru Ramakrishnan‘s Meru Capital initiated a stake in T-Mobile US Inc during the second quarter by purchasing 383,868 shares.

Disclosure: None