It’s quite interesting that Viking Global dedicated a whole paragraph on this issue in its most recent investor letter. Courtesy of DealBreaker,
We are often asked by investors how we think about owning stocks that are widely held by other hedge funds. There is no categorical answer to this question, but I would like to discuss some of the factors we consider when establishing and maintaining positions in companies known to be popular with our peers. First and foremost, the critical issue is whether we are ultimately proven right in our analysis.
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