Bridgewater Associates is an investment management firm headed by Ray Dalio. The firm has approximately $150 billion assets under management (AUM) worldwide for a broad range of institutional clients including corporate and public pension funds, charitable institutions, endowments, central banks and foreign governments.
Bridgewater Associates 13D filings
A portion of the total AUM of Bridgewater Associates that was reported in its 13F filing with the Securities and Exchange Commission (SEC) has a market value of $11,425, 229, 000 in the second quarter of fiscal 2013. In the previous quarter, its portfolio was worth $10,990,552,360.
Brook Asset Management was up 7.27% for the first quarter, compared to the MSCI GBT TR Net World Index, which returned 3.96%. For March, the fund was up 1.1%. Q1 2021 hedge fund letters, conferences and more In his March letter to investors, which was reviewed by ValueWalk, James Hanbury of Brook said returns during Read More
Bridgewater Associates acquired 56 new stocks and increased its position across 99 stocks. The investment management firm also reduced its stake in 67 companies and sold out its entire stockholdings in 99 equities. Its top ten holdings represent 90.46% of its portfolio.
Top five positions
During the second quarter, Bridgewater Associates’ top five positions in its portfolio include Vanguard Emerging Markets Stock ETF (NYSEARCA:VWO) 33.68%, SPDR S&P 500 ETF Trust (NYSEARCA:SPY) 27.83%, iShares Emerging Markets Indx (ETF) (NYSEARCA:EEM) 27.34%, iShares IBoxx $ Invest Grade Corp Bd Fd (NYSEARCA:LQD) 0.36%, and Oracle Corporation (NASDAQ:ORCL) 0.26%.
Bridgewater Associates purchased 167,539 Class B shares of Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) worth $18,751,000. The investment management firm also acquired 1,219,160 shares Micron Technology, Inc (NASDAQ:MU) with $17,471,000 market value, 36, 528 shares of Maxim Integrated Products Inc (NASDAQ:MXIM) with $10,043,000 market value, 129,537 shares of American Express Company (NYSE:AXP) worth $9,684,000, and 237,406 shares of FirstEnergy Corp. (NYSE:FE) with $8,865,000 market value.
The investment management firm also purchased stakes in Wynn Resorts, Limited (NASDAQ:WYNN) 62,405 shares worth $7,986,000; Capital One Financial Corp. (NYSE:COF) 56,166 shares worth $3,528,000; L Brands Inc (NYSE:LTD) 68,200 shares worth $3,359,000, and Corning Incorporated (NYSE:GLF) 162,600 shares worth $2,314,000.
Bridgewater Associates also bought 14,400 shares of Coca-Cola Enterprises Inc (NYSE:CCE) worth $4,159,000 and 52,486 shares of PepsiCo, Inc. (NYSE:PEP) with $4,293,000 market value among others.
Bridgewater Associates cut its stakes in technology giants Apple Inc. (NASDAQ:AAPL) by 2,000 shares, International Business Machines Corp. (NYSE:IBM) by 7,900 shares, Intel Corporation (NASDAQ:INTC) by 471,800 shares, and Microsoft Corporation (NASDAQ:MSFT) by 1,326,500 shares.
The investment management firm also reduced its positions in the following JPMorgan Chase & Co (NYSE:JPM) by 15,600 shares, Morgan Stanley (NYSE:MS) by 252,000 shares, Wells Fargo & Co (NYSE:WFC) by 27,800 shares, U.S. Bancorp (NYSE:USB) by 152,700 shares, and The Bank of New York Mellon Corporation (NYSE:BK) by 112,328 shares.
Sold out positions
Bridgewater Associates sold its entire stake in CVS Caremark Corporation (NYSE:CVS) Juniper Networks, Inc. (NYSE:JNPR), General Electric Company (NYSE:GE), Whole Foods Market, Inc. (NASDAQ:WFM), and The Walt Disney Company (NYSE:DIS).