Viking Global knows what's in your wallet

Thu Feb 1, 2007



You know that classic television commercial with the marauding Vikings that ends with the tagline "What's in your wallet?" Well, here is the kicker: If you are carrying a MasterCard, you really are carrying a little bit of Viking around with you.

Andreas Halvorsen's Viking Global Investors is one of the largest shareholders in the credit card giant, which went public last year. MasterCard rocketed to $110 per share in late January, up from its $40 offering price. And Viking was there pretty much all along the way, capturing a $70 gain on each of the 4.5 million shares in its Viking Global Investors portfolio.

That means Viking pulled in just under $315 million on a position of 4.5 million shares. The entire Viking position weighed in at $495 million as of late January. Viking holds a 5.6% stake in MasterCard, which sought to outdo rival...

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