Billionaire Andreas Halvorsen’s 5 Biggest New Stock Holdings

Halvorsen held 5.05 million shares of Laboratory Corp. of America Holdings (NYSE:LH) on September 30, worth over $548 million, placing it second on this list. The position was not an unknown one, as we reported in the middle of October that Viking Global had filed a 13G with the SEC that disclosed a new 5.39 million-share position in the company. As with Hilton, shares of Laboratory Corp. of America Holdings (NYSE:LH) had fallen to their lowest point in 2015 as the third quarter neared its end, which may have provided the entry point for Halvorsen. Shares have also enjoyed a strong fourth quarter, gaining close to 14%. Following its acquisition of Covance earlier this year, Laboratory Corp. of America Holdings (NYSE:LH) is now the world’s leading diagnostic testing company, processing some 470,000 specimens daily and employing over 48,000 people globally. 19.80% of the company’s shares were held by investors that we track as of June 30, which appears poised to rise after Halvorsen’s big third quarter purchase.

Lastly, we come to Broadcom Corporation (NASDAQ:BRCM), Halvorsen’s top new stock pick, and his fifth-largest long position overall. The addition of the $1.21 billion holding comes a quarter after Broadcom Corporation (NASDAQ:BRCM) agreed to be purchased by Avago Technologies Ltd (NASDAQ:AVGO) for $37 billion in cash and stock, a deal that is still on track and has been approved by each company’s board. In the meantime, Broadcom enjoyed a very solid third quarter, posting income of $0.69 per share, a greater than four-fold increase year-over-year. Shares have dipped from their merger announcement high however, as Avago’s own shares have dipped, with Broadcom’s shares now being intrinsically tied to Avago’s. Halvorsen already owned a stake in Avago, which he opened in the second quarter, and added another 2.17 million shares to in the third quarter. Matthew Halbower’s Pentwater Capital is another top investor betting on the Broadcom merger, having bought 20.61 million Broadcom Corporation (NASDAQ:BRCM) shares in the second quarter and adding another 1.49 million shares in the third quarter.

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