Funds › Bridgewater Associates, LP › Q1 2013Bridgewater Associates, LP 13F holdings, Q1 2013 Bridgewater Associates, LP disclosed 218 US equity positions worth $10.8bn in its Q1 2013 13F filing. Its largest position is VWO at 33.3% of the reported book, followed by SPY and EEM. Versus Q4 2012 it opened 92 new positions, added to 61, reduced 63 and exited 53.
$10.8bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
218 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
33.3% Largest position The largest single position as a share of the reported equity book.
91.8% 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 Q4 2012: 92 new , 61 added , 63 reduced , 53 exited
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Stock Sector Weight Value Shares Δ shares Action VWO VANGUARD INTL EQUITY INDEX F – 33.3% $3.6bn 83.99m +25% added SPY SPDR S&P 500 ETF Trust – 30.3% $3.3bn 20.90m +3.0% added EEM ISHARES TR – 26.3% $2.8bn 66.60m +17% added LQD ISHARES TR – 0.4% $43.6m 363,755 0.0% held MSFT MICROSOFT CORP Technology 0.4% $40.4m 1.41m −9.2% reduced ORCL ORACLE CORP Technology 0.3% $29.6m 915,682 +116% added IVV ISHARES TR – 0.3% $27.5m 175,000 0.0% held INTC INTEL CORP Technology 0.2% $22.8m 1.05m +38% added E M C CORP MASS no ticker – 0.2% $21.4m 893,700 +34% added LMT LOCKHEED MARTIN CORP Industrials 0.2% $21.2m 219,176 +340% added CVS CVS HEALTH CORP Healthcare 0.2% $18.7m 340,450 −44% reduced JNP JUNIPER NETWORKS INC – 0.2% $17.2m 930,115 +769% added CTLEUR CENTURYLINK INC – 0.2% $16.5m 470,275 – new EXPRESS SCRIPTS HLDG CO no ticker – 0.2% $16.4m 284,088 +98% added FFIV F5 INC Technology 0.2% $16.3m 183,304 +256% added UNH UNITEDHEALTH GROUP INC Healthcare 0.1% $15.0m 262,069 +75% added MONSANTO CO NEW no ticker – 0.1% $15.0m 141,804 +69% added CTXSEUR CITRIX SYS INC – 0.1% $14.8m 205,801 +432% added GE GENERAL ELECTRIC CO Industrials 0.1% $14.2m 612,976 – new ST JUDE MED INC no ticker – 0.1% $13.8m 340,949 −19% reduced CA INC no ticker – 0.1% $13.7m 543,195 −50% reduced CHRW C H ROBINSON WORLDWIDE INC Industrials 0.1% $13.6m 228,119 +2642% added NOC NORTHROP GRUMMAN CORP Industrials 0.1% $13.2m 188,436 +23% added DIS DISNEY WALT CO Communication Services 0.1% $13.2m 232,719 – new EXPD EXPEDITORS INTL WASH INC Industrials 0.1% $12.7m 356,402 – new QCOM QUALCOMM INC Technology 0.1% $12.4m 185,165 −39% reduced KLAC KLA CORP Technology 0.1% $12.1m 229,799 +89% added XEROX CORP no ticker – 0.1% $11.4m 1.32m −47% reduced CB CHUBB CORP Financial Services 0.1% $11.3m 129,295 +25% added BXP BXP INC Real Estate 0.1% $11.2m 110,815 – new GS GOLDMAN SACHS GROUP INC Financial Services 0.1% $11.1m 75,217 +86% added COACH INC no ticker – 0.1% $11.0m 220,622 +69% added RHT1EUR RED HAT INC – 0.1% $10.9m 215,509 – new M Macy's, Inc Consumer Cyclical 0.09% $10.2m 244,228 +57% added EXMOC EXXON MOBIL CORP – 0.09% $10.1m 112,571 +123% added NTAP NETAPP INC Technology 0.09% $9.8m 287,413 +104% added BIIB BIOGEN INC Healthcare 0.09% $9.6m 49,712 +172% added TYCO INTERNATIONAL LTD no ticker – 0.09% $9.6m 299,077 +4.5% added VRSN VERISIGN INC Technology 0.09% $9.3m 197,715 – new VLO VALERO ENERGY CORP Energy 0.09% $9.3m 203,657 −47% reduced HFCUSD HOLLYFRONTIER CORP – 0.08% $9.1m 176,051 −40% reduced PHM PULTE GROUP INC Consumer Cyclical 0.08% $8.7m 428,089 −33% reduced IBM INTERNATIONAL BUSINESS MACHS Technology 0.08% $8.6m 40,120 – new FCX FREEPORT MCMORAN INC Basic Materials 0.08% $8.5m 256,927 −45% reduced MYLAN INC no ticker – 0.08% $8.5m 292,989 +610% added AZO AUTOZONE INC Consumer Cyclical 0.08% $8.3m 20,884 +24% added BMC SOFTWARE INC no ticker – 0.07% $7.7m 165,612 −45% reduced MS MORGAN STANLEY Financial Services 0.07% $7.6m 347,855 +44% added BMY BRISTOL-MYERS SQUIBB CO Healthcare 0.07% $7.5m 181,140 +268% added BA BOEING CO Industrials 0.07% $7.3m 84,741 +471% added
Exited since Q4 2012 Sector mix Unclassified 93.6% Technology 1.9% Industrials 1.2% Healthcare 0.8% Financial Services 0.7% Consumer Cyclical 0.6% Energy 0.3% Basic Materials 0.2% Consumer Defensive 0.2% Real Estate 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