The Zhitong Finance App learned that according to the US Securities and Exchange Commission (SEC) disclosure, Bridgewater Associates (Bridgewater Associates), the world's largest hedge fund, submitted a position report (13F) for the first quarter ended March 31, 2024.

Statistics show that the total market value of Qiaoshui Fund's holdings in the first quarter reached 17.9 billion US dollars, and the total market value in the previous quarter was 16.5 billion US dollars, an increase of 8.48% over the previous quarter. Qiaosui added 87 new shares to its portfolio in the first quarter and increased its holdings by 260 shares. Meanwhile, Qiaoshui reduced its holdings by 385 stocks and cleared 85 stocks. Among them, Qiaoshui's top ten holdings account for 31.4% of the total market value.

Among the top ten major stocks of Qiaoshui Fund in the first quarter, it mainly focused on tech giants, index funds, and consumer stocks. However, unlike before, emerging market index funds and many consumer stocks in the US stock market were reduced by Qiaoshui in the first quarter, while technology giants continued to increase their holdings, gradually increasing their positions in the fund.

According to information, at the end of March this year, Qiaoshui mentioned in a document submitted to the SEC that with the development of computational technology, data analysis, and related fields, portfolio management, portfolio management, and other investment processes are increasingly inclined to use tools such as generative artificial intelligence, big language models, machine learning, and artificial neural networks.

Among them, although the iShares S&P 500 ETF (IVV.US) still ranked first, holding about 2.09 million shares and a market value of about US$1.102 billion, accounting for 5.57% of the portfolio, the number of holdings decreased by 1.19% from the previous quarter.

The emerging market CoreETF (IEMG.US) ranked second, holding about 18.66 million shares, with a market value of about US$963 million, accounting for 4.87% of the portfolio, a decrease of 0.16% from the number of positions held in the previous quarter.

Google (GOOGL.US) ranked third, holding about 5.36 million shares, with a market value of about US$810 million, accounting for 4.10% of the portfolio, a significant increase of 162.61% over the previous quarter.

Procter & Gamble (PG.US) ranked fourth, holding about 4.1 million shares, with a market value of about US$666 million, accounting for 3.37% of the portfolio. The number of holdings decreased by 11.56% from the previous quarter. According to information, the stock's holdings have been reduced for many consecutive quarters.

Nvidia (NVDA.US) ranked fifth, holding about 700,000 shares, with a market value of about US$636 million, accounting for 3.22% of the portfolio. The number of holdings increased by 162.43% over the previous quarter.

Among the top ten heavy-held stocks, the sixth to tenth largest stocks of Qiaosui are Meta Platforms (META.US), Johnson & Johnson (JNJ.US), Walmart (WMT.US), Cost.US (COST.US), and Coca Cola (KO.US). Among them, Meta Platforms increased sharply by 49.24% compared to the previous quarter, while consumer stocks such as Walmart, Costco, and Coca Cola were drastically reduced from the previous quarter.

Google, Nvidia, and Meta ranked 3rd, 5th, and 6th respectively, crowding out Pepsi, McDonald's, and SPDR S&P 500 ETFs.

Judging from changes in position ratios, the top five buying targets are: Google, Nvidia, Apple (AAPL.US), Meta Platforms, and Amazon (AMZN.US). Since the first quarter of last year, the Qiaoshui Fund has been increasing its holdings in technology stocks. During the quarter, the fund's top five buyers were all tech giants. Among them, Amazon bought nearly 1.05 million shares worth US$189 million in Qiaoshui in the first quarter. The second largest new individual stock to open long positions is chipmaker AMD, which bought nearly 680,000 shares worth US$123 million. It is worth mentioning that Qiaoshui also significantly increased its Apple holdings by 1,8410.45 million shares to a total of 1,8421.54 million shares worth US$316 million, which is equivalent to holding only 1109 shares at the end of last year.

In contrast, Qiaoshui's position weight in the essential consumer goods sector declined the most this quarter. The top five sales targets include Pinduoduo (PDD.US), Coca Cola (KO.US), Cost.US (COST.US), Cisco (CSCO.US), and McDonald's (MCD.US). Notably, Bungie (BG.US) and US Food Holdings (USFD.US), known as one of the world's top four food merchants, have all been liquidated.