Bridgewater Associates revealed in its recent 13F filing that it added a sizeable 120 new stocks to its portfolio, bought more shares of 87 stocks, exited 132 stocks and reduced holdings in 102 stocks.
The top ten holdings of Bridgewater represent a substantial 90.62% of its portfolio. The large advisory firm’s portfolio has a market value of $11.87 billion.
Bridgewater Associates’ major new positions
Hewlett-Packard Company (NYSE:HPQ) was the biggest new addition to its portfolio during the last quarter. Bridgewater purchased 832,400 shares of the company for $17.47 million. Hewlett-Packard now represents 0.15% of Bridgewater’s portfolio.
Another big new addition was Ralph Lauren Corp (NYSE:RL) of which Bridgewater purchased 82,536 shares for $13.59 million, representing 0.11% of Bridgewater’s total portfolio.
The firm also acquired 511,776 shares of General Electric Company (NYSE:GE) for $12.22 million, representing 0.10% of its overall portfolio. Bridgewater also purchased 376,930 shares of Sysco Corp for $11.99 million, which again represented 0.10% of its overall portfolio. The fifth-largest new addition to firm’s portfolio was The Walt Disney Company (NYSE:DIS) Bridgewater purchased 169,413 shares of the diversified worldwide entertainment company for $10.92 million representing 0.09% of its overall portfolio.
The Vanguard Emerging Markets Stock ETF is the biggest holding of Bridgewater Associates as of September 30, 2013. Bridgewater held 101,601,162 shares of Vanguard ETF for $4.07 billion representing a substantial 34.35% of its overall portfolio.
The second-largest holding was SPDR S&P 500 ETF Trust (NYSEARCA:SPY) of which Bridgewater owns 20,689,200 shares currently valued at $3.47 billion. Firm’s holding in the exchange traded fund represented a sizable 29.28% of its overall portfolio. Bridgewater also held 73,912,030 shares of iShares MSCI Emerging Markets Indx (ETF) (NYSEARCA:EEM) for $3.01 billion constituting 25.37% of its overall portfolio.
Sold out positions
Bridgewater Associates sold out its entire stake in Tesoro Corporation (NYSE:TSO) where it owned 384,022 shares of the company at the beginning of the previous quarter. It represented 0.18% of Bridgewater’s total portfolio. Bridgewater also closed its position in Cognizant Technology Solutions Corp (NASDAQ:CTSH) by selling all 285,218 shares of the technology company. Another major position closed during the quarter was Franklin Resources, Inc. (NYSE:BEN) by selling 403,914 shares that represented 0.16% of Bridgewater’s portfolio in the previous quarter. Bridgewater Associates also sold out its entire holding of 160,530 shares in Monsanto Company (NYSE:MON) that constituted 0.14% of its portfolio in the earlier quarter.