In a significant portfolio shift, Andreas Halvorsen's Viking Global has completely divested its stake in American International Group (AIG), liquidating 4.22 million shares valued at approximately $317.65 million. This move, disclosed in a recent 13F filing, reflects trades made during the second quarter of 2026. As these filings are released with a delay, the specific timing and rationale behind this exit remain undisclosed, a common practice for major investment firms.
The decision to exit AIG came during a quarter where the insurance giant reported a mixed financial performance. While AIG's earnings per share for Q2 2026 surpassed analyst expectations, the company also experienced a year-over-year decline in net income and faced headwinds in its international commercial business. Viking's complete liquidation of what was a notable 0.89% portfolio position suggests a decisive change in its investment thesis regarding the insurer.