Bridgewater Q3 Holdings: Significantly increased holdings in Apple while reducing positions in Nvidia, Alphabet, and other tech stocks

Zhitong
2024.11.14 00:36
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Bridgewater Associates' third-quarter position report for the period ending September 30, 2024, shows a total market value of $17.7 billion, a decrease of 8% from the previous quarter. The fund increased its holdings in 260 stocks, including Apple, and reduced its holdings in 428 stocks, including NVIDIA and Alphabet. The top ten holdings account for 32.29% of the total market value, with the iShares S&P 500 Index ETF being the largest holding

According to the disclosure by the U.S. Securities and Exchange Commission (SEC), Bridgewater Associates submitted its third-quarter position report (13F) for the period ending September 30, 2024.

Statistics show that Bridgewater's total market value of holdings in the third quarter reached $17.7 billion, down 8% from $19.2 billion in the previous quarter. In the third quarter, Bridgewater added 79 new stocks to its portfolio, increased its holdings in 260 stocks; at the same time, it reduced its holdings in 428 stocks and completely sold out of 183 stocks. Among them, the top ten holdings of Bridgewater accounted for 32.29% of the total market value.

In the top five holdings, iShares S&P 500 ETF (IVV.US) ranked first, holding approximately 2.22 million shares, with a market value of about $1.28 billion, accounting for 7.26% of the portfolio, a slight increase of 5.77% from the previous quarter.

Emerging Markets Core ETF (IEMG.US) ranked second, holding approximately 17.78 million shares, with a market value of about $1.02 billion, accounting for 5.78% of the portfolio, a decrease of 4.73% from the previous quarter.

Alphabet (GOOGL.US) ranked third, holding approximately 4.38 million shares, with a market value of about $726 million, accounting for 4.11% of the portfolio, a decrease of 3.54% from the previous quarter.

NVIDIA (NVDA.US) ranked fourth, holding approximately 4.75 million shares, with a market value of about $577 million, accounting for 3.27% of the portfolio, a decrease of 27.48% from the previous quarter.

SPDR S&P 500 ETF (SPY.US) ranked fifth, holding approximately 840,000 shares, with a market value of about $480 million, accounting for 2.72% of the portfolio, an increase of 17.52% from the previous quarter.

Bridgewater's sixth to tenth largest holdings are: Meta (META.US), Microsoft (MSFT.US), Procter & Gamble (PG.US), Amazon (AMZN.US), and Apple (AAPL.US). Among them, the number of shares held in Apple increased significantly by nearly 120% compared to the previous quarter, while the number of shares held in the other four stocks decreased significantly.

Bridgewater built positions in Micron Technology (MU.US), Alibaba (BABA.US), ASML (ASML.US), Bank of America (BAC.US), Baidu (BIDU.US) in the third quarter, and completely exited Oracle (ORCL.US), IBM (IBM.US), Disney (DIS.US), among others.

From the changes in position ratios, the top five purchased stocks are: iShares S&P 500 Index ETF, Constellation Energy (CEG.US), Lam Research Corporation (LRCX.US), Apple, Broadcom (AVGO.US).

The top five sold stocks include: Procter & Gamble, Amazon, Costco (COST.US), Johnson & Johnson (JNJ.US), McDonald's (MCD.US).

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