Bridgewater Associates, LP 13F holdings, Q3 2016
Bridgewater Associates, LP disclosed 299 US equity positions worth $10.2bn in its Q3 2016 13F filing. Its largest position is VWO at 29.8% of the reported book, followed by EEM and SPY. Versus Q2 2016 it opened 90 new positions, added to 105, reduced 98 and exited 130.
- $10.2bn
- Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
- 299
- Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
- 29.8%
- Largest position The largest single position as a share of the reported equity book.
- 84.1%
- 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 Q2 2016: 90 new, 105 added, 98 reduced, 130 exited
| VWO VANGUARD INTL EQUITY INDEX F | 29.8% | +15% | added |
| EEM ISHARES TR | 26.2% | +86% | added |
| SPY SPDR S&P 500 ETF Trust | 23.2% | +6.5% | added |
| EWZ ISHARES INC | 1.5% | +10% | added |
| LQD ISHARES TR | 1.1% | +2.5% | added |
| IEMG ISHARES INC | 0.6% | – | new |
| INTC INTEL CORP | 0.6% | +54% | added |
| AAPL APPLE INC | 0.4% | +186% | added |
| IVV ISHARES TR | 0.4% | 0.0% | held |
| MSFT MICROSOFT CORP | 0.4% | +109% | added |
| EXPRESS SCRIPTS HLDG CO no ticker | 0.3% | +29% | added |
| SU SUNCOR ENERGY INC NEW | 0.3% | +23% | added |
| CSCO CISCO SYS INC | 0.3% | +134% | added |
| JNP JUNIPER NETWORKS INC | 0.3% | +25% | added |
| GILD GILEAD SCIENCES INC | 0.2% | −16% | reduced |
| AMAT APPLIED MATLS INC | 0.2% | +57% | added |
| PFE PFIZER INC | 0.2% | +12% | added |
| BMY BRISTOL-MYERS SQUIBB CO | 0.2% | +109% | added |
| NE NOBLE CORP PLC | 0.2% | +47% | added |
| CNQ CANADIAN NAT RES LTD MED TER | 0.2% | +21% | added |
| TXN TEXAS INSTRS INC | 0.2% | +52% | added |
| SWN1EUR SOUTHWESTERN ENERGY CO | 0.2% | – | new |
| URI UNITED RENTALS INC | 0.2% | +20% | added |
| BFH BREAD FINANCIAL HOLDINGS INC | 0.2% | −49% | reduced |
| ENDO INTL PLC no ticker | 0.2% | – | new |
| CVX CHEVRON CORPORATION | 0.2% | +10% | added |
| EXMOC EXXON MOBIL CORP | 0.2% | +16% | added |
| IBM INTERNATIONAL BUSINESS MACHS | 0.2% | – | new |
| BP BP PLC | 0.2% | +2.2% | added |
| BHP BHP BILLITON LIMITED | 0.2% | −15% | reduced |
| CPB THE CAMPBELLS COMPANY | 0.2% | +445% | added |
| OXY OCCIDENTAL PETE CORP | 0.2% | +9.4% | added |
| PBR PETROLEO BRASILEIRO S A | 0.2% | −4.9% | reduced |
| RIO RIO TINTO PLC | 0.2% | −8.3% | reduced |
| IMO IMPERIAL OIL LTD | 0.2% | +21% | added |
| RCI ROGERS COMMUNICATIONS INC | 0.2% | – | new |
| VFC V F CORP | 0.2% | +72% | added |
| M Macy's, Inc | 0.2% | +16% | added |
| EOG EOG Resources Inc | 0.1% | −4.5% | reduced |
| COP CONOCOPHILLIPS | 0.1% | −0.6% | reduced |
| CAG CONAGRA BRANDS INC | 0.1% | – | new |
| MDLZ MONDELEZ INTL INC | 0.1% | +5.9% | added |
| TU TELUS CORPORATION | 0.1% | – | new |
| KSS KOHLS CORP | 0.1% | −11% | reduced |
| ADBE ADOBE INC | 0.1% | +90% | added |
| BBBYEUR BED BATH & BEYOND INC | 0.1% | −31% | reduced |
| UTHR UNITED THERAPEUTICS CORP DEL | 0.1% | +78% | added |
| NEM NEWMONT CORP | 0.1% | +17% | added |
| LYONDELLBASELL INDUSTRIES NV no ticker | 0.1% | −54% | reduced |
| UPS UNITED PARCEL SERVICE INC | 0.1% | – | new |
Exited since Q2 2016
| ABX BARRICK GOLD CORP | 0.6% | $45.1m |
| MET METLIFE INC | 0.2% | $16.5m |
| MRK MERCK & CO. INC | 0.2% | $14.5m |
| PH PARKER-HANNIFIN CORP | 0.2% | $14.4m |
| CVS CVS HEALTH CORP | 0.2% | $14.3m |
| PEP PEPSICO INC | 0.1% | $11.0m |
| LNC LINCOLN NATL CORP IND | 0.1% | $10.9m |
| NTAP NETAPP INC | 0.1% | $10.9m |
| RCL ROYAL CARIBBEAN CRUISES LTD | 0.1% | $9.7m |
| AMT AMERICAN TOWER CORP | 0.1% | $8.8m |
| PVH PVH CORPORATION | 0.1% | $8.3m |
| VMWEUR VMWARE INC | 0.1% | $8.1m |
| PPG PPG INDS INC | 0.09% | $7.2m |
| DIS DISNEY WALT CO | 0.08% | $6.7m |
| CTSH COGNIZANT TECHNOLOGY SOLUTIO | 0.08% | $6.4m |
| PRU PRUDENTIAL FINL INC | 0.08% | $6.4m |
| AMGN AMGEN INC | 0.07% | $5.8m |
| GD GENERAL DYNAMICS CORP | 0.07% | $5.8m |
| FMC TECHNOLOGIES INC no ticker | 0.07% | $5.7m |
| YUM YUM BRANDS INC | 0.07% | $5.7m |
| TXT TEXTRON INC | 0.07% | $5.4m |
| INTU INTUIT | 0.07% | $5.4m |
| VRSN VERISIGN INC | 0.07% | $5.2m |
| FCX FREEPORT MCMORAN INC | 0.05% | $4.1m |
| LINEAR TECHNOLOGY CORP no ticker | 0.05% | $3.7m |
| VAREUR VARIAN MED SYS INC | 0.05% | $3.7m |
| CMI CUMMINS INC | 0.04% | $3.6m |
| FOSL FOSSIL GROUP INC | 0.04% | $3.4m |
| GWW WW GRAINGER INC | 0.04% | $3.4m |
| UNH UNITEDHEALTH GROUP INC | 0.04% | $3.3m |
| DAL DELTA AIR LINES INC | 0.04% | $3.1m |
| MGM MGM RESORTS INTERNATIONAL | 0.04% | $3.0m |
| ROK ROCKWELL AUTOMATION INC | 0.04% | $3.0m |
| SWK STANLEY BLACK & DECKER INC | 0.03% | $2.6m |
| ADM ARCHER DANIELS MIDLAND CO | 0.03% | $2.6m |
| ACCENTURE PLC IRELAND no ticker | 0.03% | $2.5m |
| HONGBP HONEYWELL INTL INC | 0.03% | $2.5m |
| AKAM AKAMAI TECHNOLOGIES INC | 0.03% | $2.3m |
| TSN TYSON FOODS INC | 0.03% | $2.2m |
| HFCUSD HOLLYFRONTIER CORP | 0.03% | $2.2m |
| AMG AFFILIATED MANAGERS GROUP | 0.03% | $2.1m |
| HBAN HUNTINGTON BANCSHARES INC | 0.02% | $2.0m |
| ALK ALASKA AIR GROUP INC | 0.02% | $2.0m |
| JLL JONES LANG LASALLE INC | 0.02% | $1.7m |
| UNM UNUM GROUP | 0.02% | $1.7m |
| N2EUR NETSUITE INC | 0.02% | $1.6m |
| EWBC EAST WEST BANCORP INC | 0.02% | $1.5m |
| LEA LEAR CORP | 0.02% | $1.5m |
| CSX CSX CORP | 0.02% | $1.5m |
| ZION ZIONS BANCORPORATION NATL AS | 0.02% | $1.5m |
| RHI ROBERT HALF INC. | 0.02% | $1.5m |
| RJF RAYMOND JAMES FINANCIAL INC | 0.02% | $1.5m |
| CE Celanese Corp | 0.02% | $1.4m |
| CITUSD CIT GROUP INC | 0.02% | $1.4m |
| KEY KEYCORP | 0.02% | $1.3m |
| DOV DOVER CORP | 0.02% | $1.3m |
| WAB WABTEC | 0.02% | $1.2m |
| SEIC SEI INVESTMENTS CO | 0.02% | $1.2m |
| LUV Southwest Airlines Co. | 0.01% | $1.2m |
| PFG PRINCIPAL FINANCIAL GROUP IN | 0.01% | $1.1m |
| RF REGIONS FINANCIAL CORP NEW | 0.01% | $1.1m |
| UAL UNITED AIRLINES HLDGS INC | 0.01% | $1.1m |
| CCK CROWN HLDGS INC | 0.01% | $1.1m |
| ARW ARROW ELECTRS INC | 0.01% | $1.0m |
| PBCTEUR PEOPLES UNITED FINANCIAL INC | 0.01% | $1.0m |
| SNI SCRIPPS NETWORKS INTERACT IN | 0.01% | $978k |
| IT GARTNER INC | 0.01% | $906k |
| JECUSD JACOBS ENGR GROUP INC | 0.01% | $877k |
| CORE LABORATORIES N V no ticker | 0.01% | $867k |
| LKQ LKQ CORP | 0.01% | $862k |
| CFR CULLEN FROST BANKERS INC | 0.01% | $846k |
| SNA SNAP ON INC | 0.01% | $836k |
| CL COLGATE PALMOLIVE CO | 0.01% | $827k |
| GE GENERAL ELECTRIC CO | 0.01% | $815k |
| MSM MSC INDL DIRECT INC | 0.01% | $804k |
| WRKUSD WESTROCK CO | 0.01% | $797k |
| AME AMETEK INC | 0.01% | $781k |
| ROCKWELL COLLINS INC no ticker | 0.01% | $766k |
| IFF INTERNATIONAL FLAVORS&FRAGRA | 0.01% | $744k |
| JOHNSON CTLS INC no ticker | 0.01% | $727k |
| TSS TOTAL SYS SVCS INC | 0.01% | $701k |
| PKG PACKAGING CORP AMER | 0.01% | $696k |
| MTD METTLER TOLEDO INTERNATIONAL | 0.01% | $693k |
| PSX PHILLIPS 66 | 0.01% | $677k |
| HST HOST HOTELS & RESORTS INC | 0.01% | $676k |
| FIS FIDELITY NATL INFORMATION SV | 0.01% | $656k |
| AVY AVERY DENNISON CORP | 0.01% | $650k |
| BF/B BROWN FORMAN CORP | 0.01% | $619k |
| PWR QUANTA SVCS INC | 0.01% | $610k |
| XYL XYLEM INC | 0.01% | $585k |
| RS RELIANCE INC | 0.01% | $577k |
| HN9 HANESBRANDS INC | 0.01% | $563k |
| BXP BXP INC | 0.01% | $541k |
| BUNGE LIMITED no ticker | 0.01% | $538k |
| APH AMPHENOL CORP | 0.01% | $533k |
| JBL JABIL INC | 0.01% | $499k |
| ALB ALBEMARLE CORP | 0.01% | $492k |
| RVTY REVVITY INC | 0.01% | $477k |
| JBHT HUNT J B TRANS SVCS INC | 0.01% | $445k |
| LMEUR LEGG MASON INC | 0.01% | $425k |
| EFX EQUIFAX INC | 0.01% | $424k |
| ROP ROPER TECHNOLOGIES INC | 0.01% | $409k |
| HSIC HENRY SCHEIN INC | 0.01% | $407k |
| L LOEWS CORP | 0.0% | $390k |
| FITB FIFTH THIRD BANCORP | 0.0% | $387k |
| PLD PROLOGIS INC. | 0.0% | $387k |
| SBH SALLY BEAUTY HLDGS INC | 0.0% | $385k |
| WAT WATERS CORP | 0.0% | $366k |
| LMT LOCKHEED MARTIN CORP | 0.0% | $347k |
| EXPD EXPEDITORS INTL WASH INC | 0.0% | $343k |
| EQR EQUITY RESIDENTIAL | 0.0% | $317k |
| PDCOEUR PATTERSON COS INC | 0.0% | $306k |
| TSCO TRACTOR SUPPLY CO | 0.0% | $292k |
| TMK TORCHMARK CORP | 0.0% | $284k |
| FISV FISERV INC | 0.0% | $283k |
| AIZ ASSURANT INC | 0.0% | $280k |
| CAT CATERPILLAR INC | 0.0% | $280k |
| JKHY HENRY JACK & ASSOC INC | 0.0% | $255k |
| AKX ANSYS INC | 0.0% | $254k |
| CVLT COMMVAULT SYSTEMS INC | 0.0% | $250k |
| OII OCEANEERING INTL INC | 0.0% | $233k |
| FLO FLOWERS FOODS INC | 0.0% | $227k |
| UTXZ UNITED TECHNOLOGIES CORP | 0.0% | $226k |
| TUP TUPPERWARE BRANDS CORP | 0.0% | $214k |
| KBR KBR INC | 0.0% | $201k |
| UHS UNIVERSAL HLTH SVCS INC | 0.0% | $201k |
| OIEUR OWENS ILL INC | 0.0% | $182k |
| NLYEUR ANNALY CAPITAL MANAGEMENT IN | 0.0% | $164k |
| CHS1USD CHICOS FAS INC | 0.0% | $127k |
| GNW GENWORTH FINL INC | 0.0% | $42.0k |
Sector mix
Book over time
Every quarter on file (83)
| Quarter | Positions | Equity book |
|---|---|---|
| Q2 2026 | 997 | $24.4bn |
| Q1 2026 | 993 | $22.4bn |
| Q4 2025 | 1,040 | $27.4bn |
| Q3 2025 | 1,014 | $25.5bn |
| Q2 2025 | 585 | $24.8bn |
| Q1 2025 | 664 | $21.6bn |
| Q4 2024 | 691 | $21.8bn |
| Q3 2024 | 773 | $17.7bn |
| Q2 2024 | 877 | $19.2bn |
| Q1 2024 | 677 | $19.8bn |
| Q4 2023 | 742 | $17.9bn |
| Q3 2023 | 740 | $16.5bn |
| Q2 2023 | 696 | $16.2bn |
| Q1 2023 | 710 | $16.4bn |
| Q4 2022 | 820 | $18.3bn |
| Q3 2022 | 866 | $19.8bn |
| Q2 2022 | 985 | $23.6bn |
| Q1 2022 | 968 | $24.8bn |
| Q4 2021 | 731 | $17.2bn |
| Q3 2021 | 683 | $18.3bn |
| Q2 2021 | 704 | $15.6bn |
| Q1 2021 | 455 | $11.3bn |
| Q4 2020 | 525 | $11.6bn |
| Q3 2020 | 430 | $8.3bn |
| Q2 2020 | 383 | $6.0bn |
| Q1 2020 | 399 | $5.0bn |
| Q4 2019 | 471 | $9.8bn |
| Q3 2019 | 332 | $11.4bn |
| Q2 2019 | 305 | $12.8bn |
| Q1 2019 | 303 | $16.3bn |
| Q4 2018 | 472 | $10.9bn |
| Q3 2018 | 354 | $9.7bn |
| Q2 2018 | 460 | $10.0bn |
| Q1 2018 | 460 | $10.5bn |
| Q4 2017 | 245 | $12.2bn |
| Q3 2017 | 285 | $14.9bn |
| Q2 2017 | 343 | $10.9bn |
| Q1 2017 | 236 | $8.8bn |
| Q4 2016 | 266 | $10.5bn |
| Q3 2016 | 299 | $10.2bn |
| Q2 2016 | 339 | $8.0bn |
| Q1 2016 | 253 | $7.9bn |
| Q4 2015 | 263 | $7.7bn |
| Q3 2015 | 430 | $7.5bn |
| Q2 2015 | 306 | $10.8bn |
| Q1 2015 | 328 | $12.8bn |
| Q4 2014 | 335 | $12.5bn |
| Q3 2014 | 363 | $12.8bn |
| Q2 2014 | 303 | $13.3bn |
| Q1 2014 | 339 | $12.2bn |
| Q4 2013 | 293 | $12.5bn |
| Q3 2013 | 311 | $11.9bn |
| Q2 2013 | 323 | $11.4bn |
| Q1 2013 | 218 | $10.8bn |
| Q4 2012 | 179 | $9.7bn |
| Q3 2012 | 202 | $7.3bn |
| Q2 2012 | 163 | $6.6bn |
| Q1 2012 | 219 | $6.3bn |
| Q4 2011 | 223 | $5.8bn |
| Q3 2011 | 329 | $6.0bn |
| Q2 2011 | 301 | $6.7bn |
| Q1 2011 | 316 | $5.7bn |
| Q4 2010 | 337 | $4.9bn |
| Q3 2010 | 366 | $5.6bn |
| Q2 2010 | 359 | $4.7bn |
| Q1 2010 | 359 | $3.8bn |
| Q4 2009 | 356 | $2.4bn |
| Q3 2009 | 353 | $3.5bn |
| Q2 2009 | 296 | $2.5bn |
| Q1 2009 | 299 | $2.4bn |
| Q4 2008 | 324 | $2.5bn |
| Q3 2008 | 334 | $3.4bn |
| Q2 2008 | 377 | $4.8bn |
| Q1 2008 | 429 | $5.6bn |
| Q4 2007 | 386 | $4.0bn |
| Q3 2007 | 396 | $2.1bn |
| Q2 2007 | 337 | $1.2bn |
| Q1 2007 | 352 | $535m |
| Q4 2006 | 276 | $379m |
| Q3 2006 | 265 | $365m |
| Q2 2006 | 238 | $319m |
| Q1 2006 | 166 | $425m |
| Q4 2005 | 136 | $250m |
Where Bridgewater Associates, LP was early
| IBM INTERNATIONAL BUSINESS MACHS | Q1 2006 | 2 of 168 | 0.9% | Exited by Q3 2024 | +119% |
| MEOH METHANEX CORP | Q3 2006 | 1 of 108 | 1.6% | Exited by Q2 2026 | +145% |
| SJR/BEUR SHAW COMMUNICATIONS INC | Q3 2006 | 3 of 85 | 1.1% | Exited by Q3 2021 | – |
| CAE CAE INC | Q4 2006 | 1 of 77 | 1.9% | Exited by Q4 2025 | +223% |
| LUV SOUTHWEST AIRLS CO | Q2 2007 | 1 of 175 | 0.08% | Held at last filing, Q2 2026 | +245% |
| MGA MAGNA INTL INC | Q2 2007 | 2 of 101 | 1.0% | Exited by Q1 2026 | +134% |
| MSFT MICROSOFT CORP | Q2 2007 | 4 of 374 | 2.5% | Held at last filing, Q2 2026 | +1166% |
| TER TERADYNE INC | Q1 2008 | 1 of 192 | 0.4% | Held at last filing, Q2 2026 | +3796% |
| EEM ISHARES TR | Q3 2009 | 4 of 134 | 1.2% | Exited by Q4 2024 | +18% |
| IVV ISHARES TR | Q3 2010 | 5 of 83 | 0.3% | Held at last filing, Q2 2026 | +554% |
| LQD ISHARES TR | Q4 2010 | 3 of 101 | 0.6% | Held at last filing, Q2 2026 | +0.6% |
| VWO VANGUARD INTL EQUITY INDEX F | Q1 2011 | 1 of 55 | 13.3% | Held at last filing, Q2 2026 | +22% |
| EWZ ISHARES INC | Q2 2012 | 3 of 119 | 1.6% | Exited by Q1 2025 | −56% |
| IEMG ISHARES INC | Q3 2016 | 1 of 51 | 0.6% | Held at last filing, Q2 2026 | +82% |
| EWY ISHARES INC | Q3 2016 | 4 of 113 | 0.06% | Held at last filing, Q2 2026 | +247% |
| IAU ISHARES GOLD TR | Q2 2017 | 3 of 49 | 0.3% | Exited by Q3 2023 | +52% |
| IEFA ISHARES TR | Q2 2017 | 3 of 43 | 0.5% | Exited by Q1 2023 | +1.2% |
| TIP ISHARES TR | Q2 2017 | 3 of 51 | 1.3% | Exited by Q2 2020 | +4.0% |
| EWT ISHARES INC | Q2 2017 | 4 of 53 | 0.3% | Exited by Q4 2022 | +21% |
| VEA VANGUARD TAX-MANAGED FDS | Q2 2017 | 4 of 47 | 0.5% | Exited by Q1 2023 | +1.6% |
| EFA ISHARES TR | Q2 2017 | 6 of 78 | 0.5% | Exited by Q1 2023 | +0.7% |
| EMB ISHARES TR | Q2 2017 | 7 of 73 | 0.7% | Exited by Q2 2020 | −15% |
| TLT ISHARES TR | Q2 2017 | 10 of 130 | 0.8% | Exited by Q2 2020 | +32% |
| INDA ISHARES TR | Q1 2019 | 10 of 91 | 0.01% | Exited by Q3 2020 | −18% |
| MCHI ISHARES TR | Q2 2019 | 3 of 58 | 0.2% | Exited by Q2 2025 | −8.5% |
| PDD PDD HOLDINGS INC | Q2 2019 | 15 of 205 | 0.02% | Exited by Q2 2025 | +474% |
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