Ray Dalio’s Bridgewater Shakes Up Tech Holdings in Q3
Major Sell-Off in Top AI Stocks
Bridgewater Associates, the hedge fund led by renowned investor Ray Dalio, made significant changes to its tech holdings in the third quarter. According to its 13F filings, the firm sold off major stakes in top AI-linked companies, including Nvidia Corp., Alphabet Inc., Microsoft Corp., and Johnson & Johnson.
Nvidia Takes the Biggest Hit
Bridgewater pared its stake in Nvidia by 27%, selling 1.8 million shares worth $232.59 million. This significant reduction in its Nvidia holdings marks a notable shift in the firm’s investment strategy.
Other Tech Giants See Major Sell-Offs
In addition to Nvidia, Bridgewater also sold substantial stakes in Alphabet, Microsoft, and Johnson & Johnson. The firm offloaded $100.697 million worth of Alphabet’s stock, 220.169 million shares of Microsoft, and 1.233 million shares of Amazon.
New Additions to the Portfolio
On the other hand, Bridgewater added new positions in several AI-linked companies, including Super Micro Computer Inc., Palantir Technologies Inc., Advanced Micro Devices Inc., Apple Inc., and Broadcom Inc. The firm also increased its stake in the SPDR S&P 500 ETF Trust.
Broadcom Sees a 3,806% Increase
One of the most notable additions to Bridgewater’s portfolio was Broadcom, which saw a staggering 3,806% increase in its stake. The firm now holds $164.81 million worth of Broadcom shares.
Why This Matters
Bridgewater’s significant shifts in its tech holdings reflect a changing investment landscape. As the firm adjusts its portfolio to navigate the current market environment, investors are taking note of its moves.
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