Billionaire investor Ole Andreas Halvorsen, who heads Viking Global Investors, notably adjusted his hedge fund’s portfolio in the fourth quarter of 2025. Viking, managing over $37.6 billion in assets, divested from significant positions in Nike, Netflix, and Meta Platforms, each previously representing about 5% of fund capital, and turned its focus toward three insurance stocks: UnitedHealth Group, Chubb, and Progressive, each valued at $300 to $400 million by year-end.
These changes come amid market challenges for the companies Halvorsen sold. Nike is struggling with a turnaround plan amid increasing competition, while Netflix faces scrutiny due to its aggressive acquisition strategies. Meta has encountered investor concerns over high expenditures in AI and competition in the digital ad space. In contrast, Halvorsen’s investment in the insurance sector signals a strategic pivot toward more traditional markets as Viking seeks stability in a fluctuating environment.
