Bridgewater Adds Chip Stocks, Reduces Software Holdings in Q1 13F Filing

The world’s largest hedge fund, Bridgewater, released its Q1 U.S. equity portfolio holdings report (Form 13F) as of March 31 this year. The report shows that during Q1, Bridgewater initiated new positions in 214 stocks, increased positions in 292 stocks, closed out 261 stocks, and reduced positions in 487 stocks. Bridgewater significantly increased its holdings in semiconductor stocks such as NVIDIA (NVDA.O), Broadcom (AVGO.O), and Micron Technology (MU.O), while exiting positions in enterprise software stocks like Salesforce (CRM.N) and ServiceNow (NOW.N), and reducing its stake in Adobe (ADBE.O). As of the end of Q1, Bridgewater’s total U.S. equity holdings amounted to $22.4 billion, down from $27.4 billion in the previous quarter. Specifically, Bridgewater added 827,800 shares of NVIDIA, raising its weighting from 2.63% at the end of last year to 3.65%; added 670,000 shares of Broadcom, increasing its weighting from 1.47% to 2.54%; and added 586,000 shares of Micron Technology, raising its weighting from 0.93% to 2.23%. Additionally, Bridgewater established a new position of 1.077 million shares of TSMC, which accounted for 1.62% of the portfolio as of the end of Q1. (Jinshi)