market folly

Andreas Halvorsen's hedge fund Viking Global filed a 13G with the SEC regarding its stake in Carter's (CRI). Per the filing, Viking now owns 5.5% of the company with 3,246,600 shares.

This marks a 32% increase in their position size since the end of 2011. The disclosure was required due to the regulatory level being crossed on March 20th.

Andreas Halvorsen was recently listed as one of the top 25 highest earning hedge fund managers for 2011.

Per Google Finance, Carter's is "a branded marketer of apparel for babies and young children in the United States. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh. Its Carter’s brand provides apparel for children sizes ranging from newborn to seven. OshKosh brand provides its line of apparel for children sizes newborn to 12. Its Carter’s, OshKosh, and related brands are sold to national department stores, chain and specialty stores and discount retailers."

We've also posted some other recent portfolio activity from Viking.