Viking Global Starts Laboratory Corp Stake

Andreas Halvorsen's hedge fund firm Viking Global has filed a 13G with the SEC regarding shares of Laboratory Corp (LH).  Per the filing, Viking now owns 5.3% of LabCorp with over 5.39 million shares.

This is a newly disclosed stake for the firm and the filing was made due to activity on October 1st.

We also posted up other recent portfolio activity from Viking Global here.

Per Google Finance, LabCorp is "an independent clinical laboratory company in the United States. Through a national network of laboratories, the Company offers a range of clinical laboratory tests that are used by the medical profession in core testing, patient diagnosis, and in the monitoring and treatment of disease. The Company manages its operations through two segments: the Clinical diagnostics laboratory segment, which includes core testing, as well as genomic and esoteric testing; and the Other segment, which consists of the Company's non-United States clinical diagnostic laboratory operations in Ontario, Canada. It also provides specialty testing services in the areas of allergy, clinical trials, diagnostic genetics, women's health, cardiovascular disease, identity, forensics, infectious disease, endocrinology, oncology, coagulation, occupational testing and pain management."

What We're Reading ~ 9/23/15

More Than You Know: Finding financial wisdom in unconventional places [Mauboussin]

Fundamentals are only half the story [Reformed Broker]

Masters in business interview with Jason Zweig [The Big Picture]

Full transcript: interview with Chinese President Xi Jinping [WSJ]

Ukraine & Europe: what should be done? [George Soros]

How cable can capture the mobile internet [WSJ]

Steve Wynn plays the China card [Barrons]

Highlighting large price increases on certain drugs [NYTimes]

Notes from Mohnish Pabrai's annual meeting [Frenzel Herzing]

The rent crisis is about to get a lot worse [Bloomberg]

The pace in Mexico's fight against corruption is slowing [FT]

A potential disruptor in the lab testing industry [Inc]

A look at how the Berkshire/Precision Castparts deal came together [Biz Journals]

Apple's iPhone upgrade plan is a gamechanger [Recode]

On the brink of a revolution in smart digital assistants [Wired]