Viking Global, the $45.3bn long-short hedge fund led by Andreas Halvorsen, become the latest hedge fund to increase its position in Boeing in Q4, acquiring a new $526m stake in aerospace giant, according to a report Reuters, citing recent regulatory filings.
The fund purchased 2.9 million Boeing shares as the company works to stabilise production after last year’s setbacks.
Boeing shares have gained 3.92% year-to-date but remain 30% below their December 2023 peak. Investors, including Soros Fund Management and macro hedge fund Discovery Capital Management, have also increased their stakes, signalling confidence in the company’s recovery efforts.
Alongside its Boeing bet, Viking reinforced its commitment to the financial sector, significantly increasing its stake in JPMorgan Chase. The fund nearly doubled its position to 7.5 million shares, bringing the total value to $1.8bn —Viking’s largest holding by dollar amount.
Viking also maintained over $1bn in combined positions in Bank of America and Charles Schwab, adding to its exposure in financials.
Additionally, the hedge fund initiated a new position in General Motors, purchasing 2.6 million shares valued at $137.4m.
The holdings were disclosed in Viking’s latest 13F filing, which provides a snapshot of its portfolio as of 31 December .
