桥水基金在第三季度减少了对英伟达(NVDA.O)股票的持仓，同时增加了超微电脑(SMCI.O)、Palantir(PLTR.N)和AMD(AMD.O)的股票。该基金在向美国证券交易委员会提交的文件中披露了这些股票交易。桥水基金未对这些变动发表评论。The world's largest hedge fund, Bridgewater Fund, caused quite a stir with its investment operations in Q3: it chose to reduce its holdings amidst the surge in nvidia's stock price.
Bridgewater Associates disclosed changes in its portfolio in documents submitted to the U.S. Securities and Exchange Commission (SEC).
The world's largest hedge fund — Bridgewater Associates, recently made significant adjustments to its technology stock investments.
In the third quarter, Bridgewater Associates reduced its hold positions in nvidia (NVDA.O) stocks, while increasing its stocks in super micro computer (SMCI.O), palantir (PLTR.N), and AMD (AMD.O). The fund disclosed these stock trades in documents submitted to the U.S. Securities and Exchange Commission. Bridgewater Associates did not comment on these changes.
Business magazine Pensions & Investments estimates that Bridgewater Associates has assets totaling $972 billion, exceeding any other fund.
Bridgewater Associates sold 1.8 million shares of nvidia, holding 4.8 million shares of this ai chip manufacturer at the end of the third quarter. In the first nine months of 2024, nvidia's stock price rose by 145%, while the s&p 500 index increased by 21%. So far, in the fourth quarter, the stock price has risen by 14%, and the s&p 500 index has increased by 4.7%.
Despite nvidia's strong financial report for the third quarter of fiscal year 2023 (ending October 27), president-elect Donald Trump has stated there will be increased tariffs on china, canada, and mexico, which could pose issues for nvidia's supply chain.
Meanwhile, changes are occurring in the field of ai, and success will extend to other companies besides nvidia.
SMCI hopes to benefit more from the demand for AI through its servers, but the stock price has fallen from its peak in March. The company’s accountant resigned in October, and it delayed the release of its financial report, resulting in its failure to meet the listing requirements of nasdaq. SMCI has submitted a revised plan.
As of the end of September, SMCI had risen 46% year-to-date. By the fourth quarter, the stock price had dropped 22%. Considering the 10:1 stock split that took place in early October, the Bridgewater Fund purchased 1,453,270 shares, increasing its total holdings to 1,611,040 shares.
The Bridgewater Fund also purchased 437,268 shares of palantir stock, bringing its holdings to 523,548 shares at the end of the third quarter.
Since palantir was included in the s&p 500 index in September, its stock price has risen, and the gain is expected to further increase in early 2024. The company performed strongly and stated that the demand for AI is 'steadfast.' In the past week, palantir moved its stock listing from the New York Stock Exchange to nasdaq and is expected to join the nasdaq 100 index.
Palantir stock soared 117% in the first nine months of 2024. By the fourth quarter, the stock price had risen 80%.
AMD's stock price saw a slight rise of 11% in the first three quarters. As of now, the stock price has dropped 16% in the fourth quarter.
The disappointing outlook at the end of October overshadowed the strong third-quarter financial report. In mid-November, AMD announced it would lay off 4% of its workforce, approximately 1,040 employees. AMD stated that this move is 'to align our resources with the biggest growth opportunities.'
The Bridgewater Fund purchased 364,292 shares of AMD stock, bringing its total holdings to 1.5 million shares at the end of the third quarter.
