There is a clear tendency to avoid risks.
The latest holdings movement of the world's largest hedge fund, Bridgewater Associates, has arrived.
In the first quarter of this year, this Wall Street investment giant made significant adjustments: reducing positions in Technology stocks and heavily investing in Gold.
At the same time, Bridgewater is betting on 'the East rising and the West falling', making massive purchases. $BABA-W (09988.HK)$ ,building positions $JD-SW (09618.HK)$ ,reducing shareholdings $Alphabet-A (GOOGL.US)$ 、 $NVIDIA (NVDA.US)$ 、 $Meta Platforms (META.US)$ Focus on US Technology stocks.
"Rising East and Falling West," heavily investing in Gold.
In the early morning of May 15, Beijing time, Bridgewater Fund submitted a quarterly Hold Positions report to the SEC.
The Form 13F report shows that as of the quarter ending March 31, 2025, Bridgewater's total size was $21.6 billion, an increase of 1.47% quarter-on-quarter.
In the first quarter, 283 symbols were increased, 123 new symbols were added, 252 symbols were reduced, and 150 symbols were completely liquidated.
In the first quarter, the top ten holdings of Bridgewater accounted for 31.8% of the total Market Cap.
Among them, the largest holding, the SPDR S&P 500 ETF, was reduced by nearly 60%, with its overall position ratio dropping from 22% to 8.7%, but it remains its largest stock holding.
A significant increase was made in Alibaba, surging from 0.255 million shares at the end of last year to 5.66 million shares, more than a 21-fold increase, making it the largest stock holding and the fourth largest holding.
In terms of China concept stocks, an additional 1.879 million shares of Baidu were accumulated, bringing the total position amount to $0.19 billion, ranking as the 22nd largest holding; nearly 0.5 million shares of PDD Holdings were added, with a holding size reaching 1.74 million shares, ranking 20th among all holdings.
In US technology stocks, Bridgewater increased its holdings in Microsoft, Amazon, Apple, Qualcomm, and other tech stocks.
A new position in Gold ETF was established to meet the impact of the Trump storm, showing a clear risk-averse inclination in Bridgewater's Q1 strategy.
The SPDR Gold ETF is this quarter's largest new position for Bridgewater, and it is its sixth largest Hold Position, with a size of 0.319 billion dollars.
The Gold ETF rose significantly by 19% in the first quarter of this year and continued to climb in the following second quarter, although it has retreated somewhat from the historical high set in April.
At the same time, JD.com became the second largest new position, with a Market Cap of 0.114 billion dollars at the end of the period. In addition, the Finance and Shipping Sectors also made allocations, including United Airlines, Delta Air Lines, Goldman Sachs, and JPMorgan.
Reduced Holdings in NVIDIA.
In the first quarter, Bridgewater flexibly adjusted its positions in US Technology stocks.
In addition to cutting nearly 60% of its top position in the SPDR S&P 500 ETF, it also significantly cut its position in Robinhood by 80%.
Bridgewater also made reductions in its holdings of technology giants such as Alphabet-A, NVIDIA, and Meta Platforms.
Among them, the holdings in NVIDIA were reduced by 18.74% (0.65 million shares), by 31.47% in Meta (0.195 million shares), and by 16% in Alphabet-A (0.578 million shares).
In the first quarter, $Applovin (APP.US)$ Then nearly 99% of the Hold Positions were reduced.
Clearing operations involve $ON Semiconductor (ON.US)$ 、 $Moderna (MRNA.US)$ 、 $Lyft Inc (LYFT.US)$ 、 $Chewy (CHWY.US)$ 、 $Lululemon Athletica (LULU.US)$ 、 $Gap Inc (GAP.US)$ And $Unity Software (U.US)$ and companies.
Editor/lee
