Funds › Bridgewater Associates, LP › Q1 2006Bridgewater Associates, LP 13F holdings, Q1 2006 Bridgewater Associates, LP disclosed 166 US equity positions worth $425.3m in its Q1 2006 13F filing. Its largest position is SPY at 45.5% of the reported book, followed by GE and AXP. Versus Q4 2005 it opened 51 new positions, added to 97, reduced 18 and exited 21.
$425m Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
166 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
45.5% Largest position The largest single position as a share of the reported equity book.
64.3% Top 10 weight The ten largest positions together, as a share of the reported equity book.
5 Effective positions 1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
83 Quarters on file since Q4 2005 Quarters for which this manager's 13F holdings are on record. Holdings Against Q4 2005: 51 new , 97 added , 18 reduced , 21 exited
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Stock Sector Weight Value Shares Δ shares Action SPY SPDR S&P 500 ETF Trust – 45.5% $194m 1.49m +100% added GE GENERAL ELECTRIC CO Industrials 4.0% $17.2m 493,300 +28% added AXP AMERICAN EXPRESS CO Financial Services 2.4% $10.1m 191,500 +37% added JNJ JOHNSON & JOHNSON Healthcare 2.3% $9.7m 164,000 +32% added KO COCA COLA CO Consumer Defensive 2.0% $8.5m 203,400 +43% added MO ALTRIA GROUP INC Consumer Defensive 1.9% $8.2m 116,000 +56% added PEP PEPSICO INC Consumer Defensive 1.8% $7.6m 132,200 +73% added JOHNSON CTLS INC no ticker – 1.5% $6.6m 86,300 +33% added EXMOC EXXON MOBIL CORP – 1.4% $6.1m 101,000 +41% added HOG HARLEY DAVIDSON INC Consumer Cyclical 1.4% $6.0m 115,700 +24% added F FORD MTR CO Consumer Cyclical 1.4% $6.0m 752,800 +34% added GENERAL MOTORS CORP no ticker – 1.3% $5.7m 269,700 +24% added AMERICAN INTERNATIONAL GROUP no ticker – 1.0% $4.5m 67,400 +49% added IBM INTERNATIONAL BUSINESS MACHS Technology 0.9% $3.7m 44,400 – new ABT ABBOTT LABORATORIES Healthcare 0.8% $3.6m 84,100 −1.8% reduced SLM SLM CORP Financial Services 0.8% $3.5m 66,900 +26% added LLY ELI LILLY & CO Healthcare 0.8% $3.4m 60,700 +42% added ORCL ORACLE CORP Technology 0.8% $3.3m 244,200 +22% added WYETH no ticker – 0.7% $3.2m 65,400 +32% added MCO MOODYS CORP Financial Services 0.7% $3.2m 44,100 +20% added MMM 3M CO Industrials 0.7% $3.0m 39,600 +38% added TYCO INTERNATIONAL LTD no ticker – 0.7% $2.9m 106,500 +36% added HD HOME DEPOT INC Consumer Cyclical 0.6% $2.5m 59,700 +54% added TXU CORP no ticker – 0.6% $2.4m 54,500 +29% added DUKE ENERGY CORP no ticker – 0.6% $2.4m 82,200 – new SCHERING-PLOUGH CORP no ticker – 0.6% $2.4m 125,100 +89% added CVX CHEVRON CORPORATION Energy 0.5% $2.3m 39,400 +12% added SO SOUTHERN CO Utilities 0.5% $2.1m 63,400 +28% added CHICAGO MERCANTILE EXCHANGE no ticker – 0.5% $2.0m 4,500 +15% added ANHEUSER-BUSCH COS INC no ticker – 0.5% $2.0m 46,000 +40% added DOW CHEM CO no ticker – 0.4% $1.8m 45,300 +24% added COP CONOCOPHILLIPS Energy 0.4% $1.8m 29,100 +13% added TGT TARGET CORP Consumer Defensive 0.4% $1.8m 34,700 +97% added TSS TOTAL SYS SVCS INC – 0.4% $1.8m 88,421 +21% added LOW LOWES COS INC Consumer Cyclical 0.4% $1.7m 27,100 +113% added LEAR CORP no ticker – 0.4% $1.7m 98,400 +335% added DU PONT E I DE NEMOURS & CO no ticker – 0.4% $1.7m 41,200 +124% added MERCK & CO. INC no ticker – 0.4% $1.7m 49,300 +41% added CIT GROUP INC no ticker – 0.4% $1.7m 32,300 +21% added SYMCEUR SYMANTEC CORP – 0.4% $1.7m 100,800 +124% added FPL GROUP INC no ticker – 0.4% $1.6m 39,400 +63% added BWA BORGWARNER INC Consumer Cyclical 0.3% $1.4m 23,600 +27% added FE FIRSTENERGY CORP Utilities 0.3% $1.4m 27,900 +26% added APOLLO ED GROUP INC no ticker – 0.3% $1.3m 23,800 +111% added THO THOR INDS INC Consumer Cyclical 0.3% $1.2m 23,100 +23% added ETR ENTERGY CORP NEW Utilities 0.3% $1.2m 17,700 +26% added GANNETT INC no ticker – 0.3% $1.2m 20,100 +34% added EIX EDISON INTL Utilities 0.3% $1.1m 27,900 +27% added ALL ALLSTATE CORP Financial Services 0.3% $1.1m 21,700 +47% added KBH KB HOME Consumer Cyclical 0.3% $1.1m 17,400 +160% added
Exited since Q4 2005 Sector mix Unclassified 64.6% Consumer Defensive 6.6% Consumer Cyclical 6.1% Industrials 5.0% Financial Services 5.0% Healthcare 4.5% Utilities 3.2% Technology 2.6% Energy 1.8% Real Estate 0.3% Basic Materials 0.2% Communication Services 0.2% Book over time Every quarter on file (83) Where Bridgewater Associates, LP was early Concentration and tenure
26.1% Median largest position, all quarters The largest single position as a share of the reported equity book.
61.9% Median top 10 weight, all quarters The ten largest positions together, as a share of the reported equity book.
Concentrated Style, by median largest position
3 Median completed holding, quarters