Viking Goes Industrial: Andreas Halvorsen Takes Big Swing On Beaten-Down Regal Rexnord

Milwaukee-based manufacturer Regal Rexnord Corp (NYSE:RRX) may be down, but Andreas Halvorsen's Viking Global Investors is clearly not out.

What Happened: An April 18 13G filing revealed the $30.9 billion hedge fund scooped up 2.68 million shares of the industrial components maker on April 11 — marking a jaw-dropping 309.19% increase in its RRX stake.

While the stock has tumbled 39.91% over the past year and is already down 35.81% in 2025 alone, Halvorsen's move signals he sees more torque than trouble under the hood. With the stock now accounting for 1.13% of Viking's portfolio, Regal Rexnord joins the ranks of heavy-hitters like JPMorgan Chase, Visa, and Microsoft in the hedge fund's high-conviction basket.

Read Also: Top 3 Industrials Stocks That May Explode This Quarter

Why It Matters: Regal Rexnord, a lesser-known but globally active player in powertrain systems, electric motors, and industrial automation, is set to report first-quarter earnings in two weeks on Monday, May 5 after market close.

With Wall Street still lukewarm on the name and technicals flashing red, the timing of Viking's aggressive buying spree could turn heads if results show even a hint of a turnaround.

The industrials sector has faced headwinds amid tightening capex budgets and macro uncertainty, but Regal Rexnord's diversified portfolio and exposure to long-cycle demand may give it an edge if the tide turns. For now, the stock remains deep in the red — down another 18.51% just this month — but Viking's sudden enthusiasm suggests that at least one heavyweight sees this as an opportunity, not a falling knife.

Is Halvorsen seeing value where others see a value trap?

Investors may not have long to find out.

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