Funds › Bridgewater Associates, LP › Q3 2012Bridgewater Associates, LP 13F holdings, Q3 2012 Bridgewater Associates, LP disclosed 202 US equity positions worth $7.3bn in its Q3 2012 13F filing. Its largest position is SPY at 36.1% of the reported book, followed by VWO and EEM. Versus Q2 2012 it opened 85 new positions, added to 55, reduced 61 and exited 46.
$7.3bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
202 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
36.1% Largest position The largest single position as a share of the reported equity book.
87.4% Top 10 weight The ten largest positions together, as a share of the reported equity book.
4 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 Q2 2012: 85 new , 55 added , 61 reduced , 46 exited
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Stock Sector Weight Value Shares Δ shares Action SPY SPDR S&P 500 ETF Trust – 36.1% $2.6bn 18.27m +0.8% added VWO VANGUARD INTL EQUITY INDEX F – 28.2% $2.1bn 49.28m +27% added EEM ISHARES TR – 18.9% $1.4bn 33.30m +5.0% added EWZ ISHARES INC – 0.9% $62.3m 1.15m −42% reduced MSFT MICROSOFT CORP Technology 0.6% $44.5m 1.49m −2.9% reduced LQD ISHARES TR – 0.6% $43.5m 356,955 +5.1% added SAFEWAY INC no ticker – 0.6% $42.5m 2.64m +41% added HEWLETT PACKARD CO no ticker – 0.5% $39.4m 2.31m +18% added DELL INC no ticker – 0.5% $37.5m 3.81m +66% added APOLLO ED GROUP INC no ticker – 0.4% $28.5m 982,533 +113% added ORCL ORACLE CORP Technology 0.4% $26.6m 845,798 −31% reduced IVV ISHARES TR – 0.3% $25.3m 175,000 0.0% held STAPLES INC no ticker – 0.3% $22.2m 1.93m +13% added YAHOO INC no ticker – 0.3% $21.0m 1.31m +54% added VZ VERIZON COMMUNICATIONS INC Communication Services 0.3% $20.6m 451,300 +6.5% added BCE BCE INC Communication Services 0.3% $18.9m 436,937 – new JNJ JOHNSON & JOHNSON Healthcare 0.3% $18.6m 269,693 −18% reduced TESORO CORP no ticker – 0.2% $18.1m 432,727 −28% reduced ALLERGAN INC no ticker – 0.2% $15.3m 167,404 +16% added HFCUSD HOLLYFRONTIER CORP – 0.2% $15.3m 371,251 −0.6% reduced MMM 3M CO Industrials 0.2% $15.0m 161,903 +16% added KR KROGER CO Consumer Defensive 0.2% $14.8m 626,976 +24% added EA ELECTRONIC ARTS INC Communication Services 0.2% $14.7m 1.15m +61% added ORLY OREILLY AUTOMOTIVE INC Consumer Cyclical 0.2% $14.4m 172,441 +146% added CELG CELGENE CORP – 0.2% $13.6m 178,381 +23% added BA BOEING CO Industrials 0.2% $13.4m 193,041 +403% added T AT&T INC Communication Services 0.2% $12.8m 338,800 −15% reduced NUE NUCOR CORP Basic Materials 0.2% $12.6m 329,712 – new KO COCA COLA CO Consumer Defensive 0.2% $12.6m 331,600 +348% added Virgin Media Inc no ticker – 0.2% $11.6m 393,279 −31% reduced RCI ROGERS COMMUNICATIONS INC Communication Services 0.2% $11.5m 289,700 – new PHM PULTE GROUP INC Consumer Cyclical 0.2% $11.5m 743,223 +38% added VLO VALERO ENERGY CORP Energy 0.2% $11.2m 352,033 −32% reduced ATVIEUR ACTIVISION BLIZZARD INC – 0.2% $10.9m 970,170 +399% added LIBERTY INTERACTIVE CORP no ticker – 0.1% $10.9m 590,221 +390% added KLAC KLA CORP Technology 0.1% $9.8m 205,851 −34% reduced AXP AMERICAN EXPRESS CO Financial Services 0.1% $9.6m 168,257 +31% added CSCO CISCO SYS INC Technology 0.1% $9.4m 493,980 −46% reduced MCK MCKESSON CORP Healthcare 0.1% $9.3m 107,818 +130% added AGCO AGCO CORP Industrials 0.1% $9.3m 195,287 −53% reduced BIIB BIOGEN INC Healthcare 0.1% $9.1m 60,804 – new WALGREEN CO no ticker – 0.1% $9.0m 245,946 −69% reduced KSS KOHLS CORP Consumer Cyclical 0.1% $8.7m 168,920 −35% reduced M Macy's, Inc Consumer Cyclical 0.1% $8.6m 228,928 −17% reduced CA INC no ticker – 0.1% $8.6m 332,337 +73% added GD GENERAL DYNAMICS CORP Industrials 0.1% $8.5m 128,230 +9.4% added AZO AUTOZONE INC Consumer Cyclical 0.1% $8.3m 22,384 +177% added AMGN AMGEN INC Healthcare 0.1% $8.2m 97,297 – new IP INTERNATIONAL PAPER CO Consumer Cyclical 0.1% $8.1m 221,663 −30% reduced COR CENCORA INC Healthcare 0.1% $7.9m 204,010 −18% reduced
Exited since Q2 2012 Sector mix Unclassified 91.1% Technology 1.9% Healthcare 1.2% Industrials 1.2% Communication Services 1.2% Consumer Cyclical 1.1% Consumer Defensive 0.8% Financial Services 0.5% Basic Materials 0.4% Energy 0.4% Real Estate 0.2% Utilities 0.1% 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