Bridgewater Bet Heavily On Apple In Q3, But Slashed Its NVIDIA Holdings

Wallstreet InsightWednesday, Nov 13, 2024 9:28 pm ET

1min read

According to disclosures from the SEC, Bridgewater's third-quarter portfolio holdings report (13F) shows that its total portfolio value for the third quarter reached $17.7 billion, down from $19.2 billion in the previous quarter, a sequential decrease of 8%. During the third quarter, Bridgewater added 79 new stocks to its portfolio, and increased holdings in 260 stocks; at the same time, it reduced positions in 428 stocks and liquidated 183 stocks. Among them, the top ten holdings of Bridgewater account for 32.29% of the total market value.

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

The iShares MSCI Emerging Markets ETF (IEMG.US) ranks second, with a holding of about 17.78 million shares, a market value of about $1.02 billion, accounting for 5.78% of the investment portfolio, with a decrease of 4.73% in the number of holdings compared to the previous quarter.

Alphabet ranks third, with a holding of about 4.38 million shares, and a market value of about $726 million, accounting for 4.11% of the investment portfolio, with a decrease of 3.54% in the number of holdings compared to the previous quarter.

NVIDIA ranks fourth, with a holding of about 4.75 million shares, and a market value of about $577 million, accounting for 3.27% of the investment portfolio, with a significant decrease of 27.48% in the number of holdings compared to the previous quarter.

The SPDR S&P 500 ETF (SPY.US) ranks fifth, with a holding of about 840,000 shares, a market value of about $480 million, accounting for 2.72% of the investment portfolio, with an increase of 17.52% in the number of holdings compared to the previous quarter.

Bridgewater's sixth to tenth largest holdings are Meta, Microsoft, Procter & Gamble, Amazon, and Apple. Among them, Apple's holdings increased by nearly 120% compared to the previous quarter, while the holdings of the other four stocks all decreased significantly.

In the third quarter, Bridgewater initiated positions in Micron Technology, Alibaba Group, ASML Holding, Bank of America, Baidu, and others, and liquidated positions in Oracle (ORCL.US), IBM, Disney, and others.

Looking at the changes in holding ratios, the top five buys are: iShares S&P 500 ETF, Constellation Energy, Lam Research, Apple, and Broadcom.

The top five sells include: Procter & Gamble, Amazon, Costco, Johnson & Johnson, and McDonald's.

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