Bridgewater Associates, LP 13F holdings, Q2 2017
Bridgewater Associates, LP disclosed 343 US equity positions worth $10.9bn in its Q2 2017 13F filing. Its largest position is VWO at 29.5% of the reported book, followed by EEM and SPY. Versus Q1 2017 it opened 175 new positions, added to 72, reduced 96 and exited 68.
- $10.9bn
- Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
- 343
- Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
- 29.5%
- Largest position The largest single position as a share of the reported equity book.
- 83.3%
- Top 10 weight The ten largest positions together, as a share of the reported equity book.
- 6
- 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 Q1 2017: 175 new, 72 added, 96 reduced, 68 exited
| VWO VANGUARD INTL EQUITY INDEX F | 29.5% | +9.3% | added |
| EEM ISHARES TR | 21.4% | +45% | added |
| SPY SPDR S&P 500 ETF Trust | 21.3% | −2.8% | reduced |
| IEMG ISHARES INC | 3.2% | +21% | added |
| EWZ ISHARES INC | 2.0% | +6.4% | added |
| LQD ISHARES TR | 1.6% | +48% | added |
| EWY ISHARES INC | 1.4% | +18% | added |
| TIP ISHARES TR | 1.3% | – | new |
| IVV ISHARES TR | 0.9% | +135% | added |
| TLT ISHARES TR | 0.8% | – | new |
| HYG ISHARES TR | 0.8% | +988% | added |
| EMB ISHARES TR | 0.7% | – | new |
| GLD SPDR GOLD TRUST | 0.6% | – | new |
| VEA VANGUARD TAX-MANAGED FDS | 0.5% | – | new |
| EFA ISHARES TR | 0.5% | – | new |
| IEFA ISHARES TR | 0.5% | – | new |
| SWN1EUR SOUTHWESTERN ENERGY CO | 0.5% | +118% | added |
| EXPRESS SCRIPTS HLDG CO no ticker | 0.4% | +13% | added |
| IAU ISHARES GOLD TRUST | 0.3% | – | new |
| M Macy's, Inc | 0.3% | +49% | added |
| EWT ISHARES INC | 0.3% | – | new |
| INTC INTEL CORP | 0.3% | +41% | added |
| BBBYEUR BED BATH & BEYOND INC | 0.3% | +154% | added |
| DVN DEVON ENERGY CORP NEW | 0.3% | +54% | added |
| CHKEUR CHESAPEAKE ENERGY CORP | 0.2% | – | new |
| FE FIRSTENERGY CORP | 0.2% | +76% | added |
| GME GAMESTOP CORP | 0.2% | +21% | added |
| NEWFIELD EXPL CO no ticker | 0.2% | +604% | added |
| RL RALPH LAUREN CORP | 0.2% | +3703% | added |
| RY ROYAL BK CDA | 0.2% | – | new |
| GE GENERAL ELECTRIC CO | 0.2% | +14% | added |
| TD TORONTO DOMINION BK ONT | 0.2% | – | new |
| KSS KOHLS CORP | 0.2% | +72% | added |
| ENDO INTL PLC no ticker | 0.2% | −60% | reduced |
| FCX FREEPORT MCMORAN INC | 0.2% | +206% | added |
| PG PROCTER & GAMBLE CO | 0.2% | – | new |
| TGT TARGET CORP | 0.1% | – | new |
| BNS BANK NOVA SCOTIA B C | 0.1% | – | new |
| DISCAUSD DISCOVERY INC | 0.1% | – | new |
| NE NOBLE CORP PLC | 0.1% | +11% | added |
| IBM INTERNATIONAL BUSINESS MACHS | 0.1% | +3.5% | added |
| KR KROGER CO | 0.1% | +1407% | added |
| SU SUNCOR ENERGY INC NEW | 0.1% | +1.6% | added |
| BIIB BIOGEN INC | 0.1% | −1.0% | reduced |
| GAP GAP INC | 0.1% | +98% | added |
| VRSN VERISIGN INC | 0.1% | +105% | added |
| CNI CANADIAN NATL RY CO | 0.1% | – | new |
| ADBE ADOBE INC | 0.1% | −5.8% | reduced |
| BWA BORGWARNER INC | 0.1% | – | new |
| BFH BREAD FINANCIAL HOLDINGS INC | 0.1% | −11% | reduced |
Exited since Q1 2017
| DIS DISNEY WALT CO | 0.2% | $14.7m |
| CVS CVS HEALTH CORP | 0.1% | $12.7m |
| STAPLES INC no ticker | 0.1% | $11.9m |
| MU MICRON TECHNOLOGY INC | 0.1% | $11.7m |
| CTLEUR CENTURYLINK INC | 0.1% | $11.1m |
| AETNA INC NEW no ticker | 0.1% | $11.0m |
| SILVER WHEATON CORP no ticker | 0.1% | $9.0m |
| USX1 UNITED STATES STL CORP NEW | 0.10% | $8.4m |
| DISH DISH NETWORK CORPORATION | 0.08% | $6.9m |
| JCPCHF PENNEY J C INC | 0.07% | $6.5m |
| WMT WALMART INC | 0.07% | $5.9m |
| KSUEUR KANSAS CITY SOUTHERN | 0.06% | $5.6m |
| PXGBX PRAXAIR INC | 0.06% | $5.0m |
| FLR FLUOR CORP | 0.05% | $4.8m |
| RIG TRANSOCEAN LTD | 0.05% | $4.8m |
| CAH CARDINAL HEALTH INC | 0.04% | $3.8m |
| MS MORGAN STANLEY | 0.03% | $3.0m |
| JLL JONES LANG LASALLE INC | 0.03% | $2.6m |
| HSY HERSHEY CO | 0.03% | $2.5m |
| CA INC no ticker | 0.03% | $2.4m |
| F FORD MTR CO | 0.03% | $2.3m |
| AMT AMERICAN TOWER CORP | 0.03% | $2.2m |
| SJM SMUCKER J M CO | 0.02% | $2.1m |
| SBH SALLY BEAUTY HLDGS INC | 0.02% | $2.1m |
| CBRE CBRE GROUP INC | 0.02% | $2.1m |
| FLT1EUR FLEETCOR TECHNOLOGIES INC | 0.02% | $2.0m |
| MCD MCDONALDS CORP | 0.02% | $1.9m |
| EXC EXELON CORP | 0.02% | $1.9m |
| AIZ ASSURANT INC | 0.02% | $1.9m |
| IP INTERNATIONAL PAPER CO | 0.02% | $1.8m |
| HBAN HUNTINGTON BANCSHARES INC | 0.02% | $1.8m |
| META META PLATFORMS INC | 0.02% | $1.8m |
| VNO VORNADO RLTY TR | 0.02% | $1.6m |
| LOW LOWES COS INC | 0.02% | $1.6m |
| SCANA CORP NEW no ticker | 0.02% | $1.5m |
| BLK BLACKROCK INC | 0.02% | $1.4m |
| DHR DANAHER CORP DEL | 0.02% | $1.4m |
| EL LAUDER ESTEE COS INC | 0.02% | $1.3m |
| ZION ZIONS BANCORPORATION NATL AS | 0.01% | $1.3m |
| LKQ LKQ CORP | 0.01% | $1.3m |
| CTSH COGNIZANT TECHNOLOGY SOLUTIO | 0.01% | $1.3m |
| SEE1GBP SEALED AIR CORP NEW | 0.01% | $1.2m |
| SCHW SCHWAB CHARLES CORP | 0.01% | $1.2m |
| GGP INC no ticker | 0.01% | $1.2m |
| VMC VULCAN MATLS CO | 0.01% | $1.1m |
| BBTUSD BB&T CORP | 0.01% | $1.1m |
| BAC BANK OF AMER CORP | 0.01% | $998k |
| BCRUSD BARD C R INC | 0.01% | $985k |
| FIS FIDELITY NATL INFORMATION SV | 0.01% | $960k |
| LEA LEAR CORP | 0.01% | $928k |
| CMA COMERICA INC | 0.01% | $895k |
| PBCTEUR PEOPLES UNITED FINANCIAL INC | 0.01% | $826k |
| RGA REINSURANCE GROUP AMER INC | 0.01% | $768k |
| ITW ILLINOIS TOOL WKS INC | 0.01% | $736k |
| PGR PROGRESSIVE CORP | 0.01% | $673k |
| APD AIR PRODUCTS AND CHEMICALS I | 0.01% | $644k |
| BDX BECTON DICKINSON & CO | 0.01% | $569k |
| JPM JPMORGAN CHASE & CO | 0.01% | $522k |
| HRL HORMEL FOODS CORP | 0.01% | $515k |
| IVZ INVESCO LTD | 0.01% | $512k |
| PKG PACKAGING CORP AMER | 0.01% | $460k |
| OGE OGE ENERGY CORP | 0.0% | $390k |
| ROP ROPER TECHNOLOGIES INC | 0.0% | $378k |
| CE Celanese Corp | 0.0% | $371k |
| COACH INC no ticker | 0.0% | $367k |
| EMR Emerson Electric Inc. | 0.0% | $351k |
| NNN NNN REIT INC | 0.0% | $319k |
| ADP AUTOMATIC DATA PROCESSING IN | 0.0% | $263k |
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