WhaleCreep

Bridgewater Associates, LP 13F holdings, Q4 2016

Hedge fundSEC filingsCompare with another fundHoldings as of 2016-12-31, filed 2017-02-10

Bridgewater Associates, LP disclosed 266 US equity positions worth $10.5bn in its Q4 2016 13F filing. Its largest position is VWO at 31.3% of the reported book, followed by EEM and SPY. Versus Q3 2016 it opened 77 new positions, added to 102, reduced 83 and exited 110.

$10.5bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
266
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
31.3%
Largest position
The largest single position as a share of the reported equity book.
83.2%
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 Q3 2016: 77 new, 102 added, 83 reduced, 110 exited

50 of 266
VWO VANGUARD INTL EQUITY INDEX F–31.3%$3.3bn92.20m+15%added
EEM ISHARES TR–23.2%$2.4bn69.67m−1.9%reduced
SPY SPDR S&P 500 ETF Trust–21.4%$2.3bn10.10m−7.2%reduced
IEMG ISHARES INC–2.3%$243m5.71m+333%added
EWZ ISHARES INC–1.7%$177m5.30m+16%added
LQD ISHARES TR–1.1%$115m979,155+6.4%added
EWY ISHARES INC–0.9%$99.2m1.86m+1612%added
AAPL APPLE INCTechnology0.5%$48.2m416,500+20%added
MSFT MICROSOFT CORPTechnology0.4%$40.5m652,548+4.7%added
IVV ISHARES TR–0.4%$39.4m175,0000.0%held
INTC INTEL CORPTechnology0.3%$34.5m952,343−37%reduced
SU SUNCOR ENERGY INC NEWEnergy0.3%$33.7m1.02m+2.6%added
TAP MOLSON COORS BEVERAGE COConsumer Defensive0.3%$27.7m284,700+9072%added
UNH UNITEDHEALTH GROUP INCHealthcare0.2%$26.2m163,900–new
CTLEUR CENTURYLINK INC–0.2%$25.7m1.08m+143%added
CSCO CISCO SYS INCTechnology0.2%$25.5m845,390−1.7%reduced
ENDO INTL PLC no ticker–0.2%$25.3m1.54m+73%added
SWN1EUR SOUTHWESTERN ENERGY CO–0.2%$25.2m2.33m+61%added
EXPRESS SCRIPTS HLDG CO no ticker–0.2%$24.2m352,411−13%reduced
BBBYEUR BED BATH & BEYOND INC–0.2%$23.8m584,950+85%added
AETNA INC NEW no ticker–0.2%$23.4m189,000–new
NE NOBLE CORP PLCEnergy0.2%$22.3m3.76m+14%added
CNQ CANADIAN NAT RES LTD MED TEREnergy0.2%$22.1m693,337+6.2%added
GME GAMESTOP CORPConsumer Cyclical0.2%$22.1m875,601+644%added
RHT1EUR RED HAT INC–0.2%$19.1m273,800+459%added
KEL KELLANOVA–0.2%$19.0m257,542+83%added
EXMOC EXXON MOBIL CORP–0.2%$18.9m209,200+11%added
IMO IMPERIAL OIL LTDEnergy0.2%$18.0m516,150+1.3%added
IBM INTERNATIONAL BUSINESS MACHSTechnology0.2%$17.6m106,200+3.0%added
SPG SIMON PPTY GROUP INC NEWReal Estate0.2%$17.2m97,000–new
MICHAEL KORS HLDGS LTD no ticker–0.2%$17.0m396,230–new
BLK BLACKROCK INCFinancial Services0.2%$17.0m44,700+371%added
M Macy's, IncConsumer Cyclical0.2%$16.9m473,229+12%added
BP BP PLCEnergy0.2%$16.6m445,100−4.1%reduced
MCO MOODYS CORPFinancial Services0.2%$16.6m175,900–new
CVX CHEVRON CORPORATIONEnergy0.2%$16.5m139,900−13%reduced
GIS GENERAL MILLS INCConsumer Defensive0.2%$15.9m258,002+179%added
COP CONOCOPHILLIPSEnergy0.1%$15.5m308,844−9.5%reduced
RIO RIO TINTO PLCBasic Materials0.1%$15.4m401,200−16%reduced
PBR PETROLEO BRASILEIRO S AEnergy0.1%$15.2m1.50m−12%reduced
PPG PPG INDS INCBasic Materials0.1%$15.2m160,207–new
BHP BHP BILLITON LIMITEDBasic Materials0.1%$15.2m423,811−9.6%reduced
DKS DICKS SPORTING GOODS INCConsumer Cyclical0.1%$15.1m284,000+3588%added
MFC MANULIFE FINL CORPFinancial Services0.1%$14.9m836,700–new
TSN TYSON FOODS INCConsumer Defensive0.1%$14.6m236,000–new
EOG EOG Resources IncEnergy0.1%$14.5m143,765−7.7%reduced
FE FIRSTENERGY CORPUtilities0.1%$14.4m466,545+261%added
WMT WALMART INCConsumer Defensive0.1%$14.3m206,400+129%added
TXN TEXAS INSTRS INCTechnology0.1%$14.0m192,534−34%reduced
OXY OCCIDENTAL PETE CORPEnergy0.1%$13.7m192,600−12%reduced

Exited since Q3 2016

110 rows
BMY BRISTOL-MYERS SQUIBB CO0.2%$21.1m
RCI ROGERS COMMUNICATIONS INC0.2%$15.7m
CAG CONAGRA BRANDS INC0.1%$14.4m
TU TELUS CORPORATION0.1%$14.0m
ADBE ADOBE INC0.1%$13.7m
UPS UNITED PARCEL SERVICE INC0.1%$12.9m
KO COCA COLA CO0.1%$12.4m
MSI MOTOROLA SOLUTIONS INC0.1%$11.8m
MHK MOHAWK INDS INC0.1%$11.5m
HD HOME DEPOT INC0.1%$11.2m
DISH DISH NETWORK CORPORATION0.1%$10.5m
LRCX LAM RESEARCH CORP0.10%$9.7m
DISCAUSD DISCOVERY INC0.09%$9.6m
FFIV F5 INC0.09%$9.2m
NVDA NVIDIA CORPORATION0.08%$8.4m
DOEUR DIAMOND OFFSHORE DRILLING IN0.07%$7.5m
DR PEPPER SNAPPLE GROUP INC no ticker0.06%$6.6m
KR KROGER CO0.06%$6.4m
TOL TOLL BROTHERS INC0.06%$6.0m
DHR DANAHER CORP DEL0.06%$5.9m
EW EDWARDS LIFESCIENCES CORP0.05%$5.4m
VLO VALERO ENERGY CORP0.05%$5.4m
JNJ JOHNSON & JOHNSON0.05%$5.2m
ENSCO PLC no ticker0.05%$5.1m
NUE NUCOR CORP0.04%$4.6m
GS GOLDMAN SACHS GROUP INC0.04%$4.5m
LEVEL 3 COMMUNICATIONS INC no ticker0.04%$4.1m
NKE NIKE INC0.04%$4.1m
MPC Marathon Petroleum Corp0.04%$4.1m
SPGI S&P GLOBAL INC0.04%$3.9m
HSY HERSHEY CO0.04%$3.9m
FDX FEDEX CORP0.04%$3.9m
CELG CELGENE CORP0.04%$3.7m
EMN EASTMAN CHEMICAL CO0.04%$3.6m
ETN EATON CORP PLC0.03%$3.4m
PANERA BREAD CO no ticker0.03%$2.9m
TESORO CORP no ticker0.03%$2.6m
SBUX STARBUCKS CORP0.02%$2.4m
FLR FLUOR CORP0.02%$2.3m
SBAC SBA COMMUNICATIONS CORP0.02%$2.2m
FAST FASTENAL CO0.02%$2.2m
LEG LEGGETT & PLATT INC0.02%$2.1m
BCRUSD BARD C R INC0.02%$1.6m
URBN URBAN OUTFITTERS INC0.02%$1.5m
WEATHERFORD INTL PLC no ticker0.01%$1.4m
AXP AMERICAN EXPRESS CO0.01%$1.3m
NYCBEUR NEW YORK CMNTY BANCORP INC0.01%$1.2m
MO ALTRIA GROUP INC0.01%$1.1m
MA MASTERCARD INC0.01%$1.1m
EMR Emerson Electric Inc.0.01%$1.1m

Sector mix

  • Unclassified87.4%
  • Technology2.4%
  • Energy2.0%
  • Financial Services1.7%
  • Consumer Cyclical1.6%
  • Basic Materials1.3%
  • Healthcare1.3%
  • Consumer Defensive1.2%
  • Industrials0.4%
  • Utilities0.4%
  • Real Estate0.3%
  • Communication Services0.2%

Book over time

Every quarter on file (83)
QuarterPositionsEquity book
Q2 2026997$24.4bn
Q1 2026993$22.4bn
Q4 20251,040$27.4bn
Q3 20251,014$25.5bn
Q2 2025585$24.8bn
Q1 2025664$21.6bn
Q4 2024691$21.8bn
Q3 2024773$17.7bn
Q2 2024877$19.2bn
Q1 2024677$19.8bn
Q4 2023742$17.9bn
Q3 2023740$16.5bn
Q2 2023696$16.2bn
Q1 2023710$16.4bn
Q4 2022820$18.3bn
Q3 2022866$19.8bn
Q2 2022985$23.6bn
Q1 2022968$24.8bn
Q4 2021731$17.2bn
Q3 2021683$18.3bn
Q2 2021704$15.6bn
Q1 2021455$11.3bn
Q4 2020525$11.6bn
Q3 2020430$8.3bn
Q2 2020383$6.0bn
Q1 2020399$5.0bn
Q4 2019471$9.8bn
Q3 2019332$11.4bn
Q2 2019305$12.8bn
Q1 2019303$16.3bn
Q4 2018472$10.9bn
Q3 2018354$9.7bn
Q2 2018460$10.0bn
Q1 2018460$10.5bn
Q4 2017245$12.2bn
Q3 2017285$14.9bn
Q2 2017343$10.9bn
Q1 2017236$8.8bn
Q4 2016266$10.5bn
Q3 2016299$10.2bn
Q2 2016339$8.0bn
Q1 2016253$7.9bn
Q4 2015263$7.7bn
Q3 2015430$7.5bn
Q2 2015306$10.8bn
Q1 2015328$12.8bn
Q4 2014335$12.5bn
Q3 2014363$12.8bn
Q2 2014303$13.3bn
Q1 2014339$12.2bn
Q4 2013293$12.5bn
Q3 2013311$11.9bn
Q2 2013323$11.4bn
Q1 2013218$10.8bn
Q4 2012179$9.7bn
Q3 2012202$7.3bn
Q2 2012163$6.6bn
Q1 2012219$6.3bn
Q4 2011223$5.8bn
Q3 2011329$6.0bn
Q2 2011301$6.7bn
Q1 2011316$5.7bn
Q4 2010337$4.9bn
Q3 2010366$5.6bn
Q2 2010359$4.7bn
Q1 2010359$3.8bn
Q4 2009356$2.4bn
Q3 2009353$3.5bn
Q2 2009296$2.5bn
Q1 2009299$2.4bn
Q4 2008324$2.5bn
Q3 2008334$3.4bn
Q2 2008377$4.8bn
Q1 2008429$5.6bn
Q4 2007386$4.0bn
Q3 2007396$2.1bn
Q2 2007337$1.2bn
Q1 2007352$535m
Q4 2006276$379m
Q3 2006265$365m
Q2 2006238$319m
Q1 2006166$425m
Q4 2005136$250m

Where Bridgewater Associates, LP was early

26 rows
IBM INTERNATIONAL BUSINESS MACHSQ1 20062 of 1680.9%1.4%46Exited by Q3 2024+119%
MEOH METHANEX CORPQ3 20061 of 1081.6%1.9%13Exited by Q2 2026+145%
SJR/BEUR SHAW COMMUNICATIONS INCQ3 20063 of 851.1%1.6%28Exited by Q3 2021–
CAE CAE INCQ4 20061 of 771.9%1.9%13Exited by Q4 2025+223%
LUV SOUTHWEST AIRLS COQ2 20071 of 1750.08%1.9%53Held at last filing, Q2 2026+245%
MGA MAGNA INTL INCQ2 20072 of 1011.0%1.0%30Exited by Q1 2026+134%
MSFT MICROSOFT CORPQ2 20074 of 3742.5%3.4%65Held at last filing, Q2 2026+1166%
TER TERADYNE INCQ1 20081 of 1920.4%1.0%24Held at last filing, Q2 2026+3796%
EEM ISHARES TRQ3 20094 of 1341.2%27.3%60Exited by Q4 2024+18%
IVV ISHARES TRQ3 20105 of 830.3%10.6%64Held at last filing, Q2 2026+554%
LQD ISHARES TRQ4 20103 of 1010.6%4.5%63Held at last filing, Q2 2026+0.6%
VWO VANGUARD INTL EQUITY INDEX FQ1 20111 of 5513.3%42.6%62Held at last filing, Q2 2026+22%
EWZ ISHARES INCQ2 20123 of 1191.6%5.3%33Exited by Q1 2025−56%
IEMG ISHARES INCQ3 20161 of 510.6%13.0%40Held at last filing, Q2 2026+82%
EWY ISHARES INCQ3 20164 of 1130.06%2.0%34Held at last filing, Q2 2026+247%
IAU ISHARES GOLD TRQ2 20173 of 490.3%4.5%25Exited by Q3 2023+52%
IEFA ISHARES TRQ2 20173 of 430.5%2.2%23Exited by Q1 2023+1.2%
TIP ISHARES TRQ2 20173 of 511.3%1.8%12Exited by Q2 2020+4.0%
EWT ISHARES INCQ2 20174 of 530.3%1.9%19Exited by Q4 2022+21%
VEA VANGUARD TAX-MANAGED FDSQ2 20174 of 470.5%2.4%23Exited by Q1 2023+1.6%
EFA ISHARES TRQ2 20176 of 780.5%2.4%23Exited by Q1 2023+0.7%
EMB ISHARES TRQ2 20177 of 730.7%2.0%12Exited by Q2 2020−15%
TLT ISHARES TRQ2 201710 of 1300.8%5.5%12Exited by Q2 2020+32%
INDA ISHARES TRQ1 201910 of 910.01%1.8%6Exited by Q3 2020−18%
MCHI ISHARES TRQ2 20193 of 580.2%2.5%24Exited by Q2 2025−8.5%
PDD PDD HOLDINGS INCQ2 201915 of 2050.02%2.2%24Exited 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