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On a daily basis, Ole Morten Halvorsen is chief physician at Ullevål University Hospital’s eye department, in addition to working with eye surgery at a private clinic.
In addition, he is one of the Oslo Stock Exchange’s largest private investors.
In this role, Halvorsen went on a big bang last year, with a profit before tax of -844 million kroner. It shows the annual accounts of his wholly owned investment company OM Holding.
Of these losses, around NOK 20 million has been realized, while the rest is mainly a change in the valuation of the portfolio.
The company’s equity was NOK 645 million at the end of last year, which is more than halving from 2019 when it was NOK 1.5 billion.
Ole Morten Halvorsen does not want to comment on the result to DN.
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Three billion in shares
Halvorsen has a broad equity portfolio. According to the shareholder overview Holdings, these are his biggest positions now:
- Storebrand (1.63 percent) – worth 621 million.
- Vaccibody (2.84 percent) – 575 million.
- Austevoll Seafood (2.25 percent) – worth 503 mill.
- DNB (0.15 percent) – worth 453 mill.
According to Holdings, Halvorsen’s total share values are over NOK 3 billion.
Halvorsen’s largest shareholding at the beginning of 2019 was in Grieg Seafood, where he owned over six million shares. These had a value of almost NOK 900 million, but fell sharply during the corona crisis. At the end of 2019, the shares were halved in value.
Halvorsen dumped a couple of million of the Grieg shares in March and April this year, according to Holdings, but has since bought something back. Today he has 4.7 million shares in the fish farming company, worth 400 million.
Halved the debt
Halvorsen has distinguished itself as one of the most leveraged investors on the stock exchange, and borrows significant sums to invest in the stock market, often called leverage. The OM Holding accounts show that he has almost halved the debt in the company from NOK 1.5 billion to NOK 846 million.
The investor’s total framework for leverage is NOK 1.7 billion, according to the accounts. The credit is secured in Halvorsen’s securities account.
Halvorsen is also known for lending shares to shorter investors, ie investors who bet on price declines. This business continued in 2020, albeit somewhat reduced in scope. The value of his lent shares was 135 million last year, down from 185 million in 2019. (Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We want you to share our cases using a link, which leads directly to our pages. Copying or other use of all or part of the content may only take place with written permission or as permitted by law. For additional terms look here.
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