Bridgewater Associates, LP 13F holdings, Q3 2017
Bridgewater Associates, LP disclosed 285 US equity positions worth $14.9bn in its Q3 2017 13F filing. Its largest position is VWO at 25.8% of the reported book, followed by EEM and SPY. Versus Q2 2017 it opened 83 new positions, added to 80, reduced 90 and exited 141.
- $14.9bn
- Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
- 285
- Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
- 25.8%
- Largest position The largest single position as a share of the reported equity book.
- 82.1%
- Top 10 weight The ten largest positions together, as a share of the reported equity book.
- 7
- 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 2017: 83 new, 80 added, 90 reduced, 141 exited
| VWO VANGUARD INTL EQUITY INDEX F | 25.8% | +12% | added |
| EEM ISHARES TR | 19.7% | +16% | added |
| SPY SPDR S&P 500 ETF Trust | 16.0% | −1.2% | reduced |
| IEMG ISHARES INC | 9.0% | +259% | added |
| GLD SPDR GOLD TRUST | 3.2% | +575% | added |
| LQD ISHARES TR | 2.0% | +65% | added |
| EWZ ISHARES INC | 1.9% | +8.6% | added |
| TLT ISHARES TR | 1.8% | +184% | added |
| TIP ISHARES TR | 1.5% | +57% | added |
| HYG ISHARES TR | 1.4% | +138% | added |
| EMB ISHARES TR | 1.4% | +162% | added |
| IVV ISHARES TR | 1.4% | +99% | added |
| VEA VANGUARD TAX-MANAGED FDS | 1.1% | +177% | added |
| EFA ISHARES TR | 1.1% | +178% | added |
| IEFA ISHARES TR | 1.0% | +185% | added |
| IAU ISHARES GOLD TRUST | 0.9% | +266% | added |
| EWY ISHARES INC | 0.4% | −60% | reduced |
| KR KROGER CO | 0.3% | +295% | added |
| EXPRESS SCRIPTS HLDG CO no ticker | 0.3% | −2.5% | reduced |
| EWT ISHARES INC | 0.2% | 0.0% | held |
| M Macy's, Inc | 0.2% | −3.9% | reduced |
| BBBYEUR BED BATH & BEYOND INC | 0.2% | +28% | added |
| BFH BREAD FINANCIAL HOLDINGS INC | 0.2% | +186% | added |
| GME GAMESTOP CORP | 0.2% | +13% | added |
| SWN1EUR SOUTHWESTERN ENERGY CO | 0.2% | −52% | reduced |
| RY ROYAL BK CDA | 0.2% | 0.0% | held |
| MICHAEL KORS HLDGS LTD no ticker | 0.1% | +428% | added |
| DISCAUSD DISCOVERY INC | 0.1% | +79% | added |
| DVA DAVITA INC | 0.1% | +450% | added |
| TD TORONTO DOMINION BK ONT | 0.1% | 0.0% | held |
| DVN DEVON ENERGY CORP NEW | 0.1% | −37% | reduced |
| CLF CLEVELAND CLIFFS INC | 0.1% | – | new |
| GE GENERAL ELECTRIC CO | 0.1% | +19% | added |
| DGX QUEST DIAGNOSTICS INC | 0.1% | – | new |
| RIG TRANSOCEAN LTD | 0.1% | – | new |
| BWA BORGWARNER INC | 0.1% | +27% | added |
| ENDO INTL PLC no ticker | 0.1% | +28% | added |
| ALXN ALEXION PHARMACEUTICALS INC | 0.1% | +1735% | added |
| RCL ROYAL CARIBBEAN CRUISES LTD | 0.1% | +313% | added |
| MCHP MICROCHIP TECHNOLOGY INC. | 0.1% | +289% | added |
| BNS BANK NOVA SCOTIA B C | 0.1% | 0.0% | held |
| KMB KIMBERLY-CLARK CORP | 0.1% | – | new |
| SU SUNCOR ENERGY INC NEW | 0.10% | −3.4% | reduced |
| FCX FREEPORT MCMORAN INC | 0.09% | −29% | reduced |
| BIIB BIOGEN INC | 0.09% | −1.7% | reduced |
| IBM INTERNATIONAL BUSINESS MACHS | 0.09% | +6.7% | added |
| WU WESTERN UN CO | 0.09% | +268% | added |
| ROST ROSS STORES INC | 0.09% | +142% | added |
| INTC INTEL CORP | 0.09% | −63% | reduced |
| TGT TARGET CORP | 0.09% | −26% | reduced |
Exited since Q2 2017
| CHKEUR CHESAPEAKE ENERGY CORP | 0.2% | $26.1m |
| PG PROCTER & GAMBLE CO | 0.2% | $16.5m |
| NE NOBLE CORP PLC | 0.1% | $14.6m |
| VRSN VERISIGN INC | 0.1% | $12.1m |
| ADBE ADOBE INC | 0.1% | $11.9m |
| LUV Southwest Airlines Co. | 0.10% | $10.4m |
| CLIFFS NAT RES INC no ticker | 0.09% | $10.0m |
| PAYX PAYCHEX INC | 0.09% | $10.0m |
| INTU INTUIT | 0.08% | $9.1m |
| CHRW C H ROBINSON WORLDWIDE INC | 0.08% | $8.7m |
| BMY BRISTOL-MYERS SQUIBB CO | 0.07% | $7.3m |
| CMG CHIPOTLE MEXICAN GRILL INC | 0.07% | $7.2m |
| PFE PFIZER INC | 0.06% | $6.2m |
| MUR MURPHY OIL CORP | 0.05% | $5.9m |
| LEN LENNAR CORP | 0.05% | $5.9m |
| SYY SYSCO CORP | 0.05% | $5.7m |
| SGENEUR SEATTLE GENETICS INC | 0.05% | $5.5m |
| RHT1EUR RED HAT INC | 0.05% | $5.3m |
| ENSCO PLC no ticker | 0.05% | $5.2m |
| ACCENTURE PLC IRELAND no ticker | 0.04% | $4.5m |
| GOOGL ALPHABET INC | 0.04% | $4.2m |
| LLY ELI LILLY & CO | 0.04% | $4.2m |
| IPG INTERPUBLIC GROUP COS INC | 0.03% | $3.2m |
| WHR WHIRLPOOL CORP | 0.03% | $3.0m |
| CTXSEUR CITRIX SYS INC | 0.03% | $2.9m |
| SWK STANLEY BLACK & DECKER INC | 0.03% | $2.8m |
| EMN EASTMAN CHEMICAL CO | 0.03% | $2.8m |
| VZ VERIZON COMMUNICATIONS INC | 0.03% | $2.8m |
| VRTX VERTEX PHARMACEUTICALS INC | 0.02% | $2.4m |
| COR CENCORA INC | 0.02% | $2.1m |
| MKC MCCORMICK & CO INC | 0.02% | $2.0m |
| ORCL ORACLE CORP | 0.02% | $1.8m |
| UAL UNITED AIRLINES HLDGS INC | 0.02% | $1.8m |
| DR PEPPER SNAPPLE GROUP INC no ticker | 0.02% | $1.8m |
| TMO THERMO FISHER SCIENTIFIC INC | 0.02% | $1.8m |
| FAST FASTENAL CO | 0.01% | $1.6m |
| ALB ALBEMARLE CORP | 0.01% | $1.6m |
| MSFT MICROSOFT CORP | 0.01% | $1.5m |
| MRSH MARSH & MCLENNAN COS INC | 0.01% | $1.5m |
| NOC NORTHROP GRUMMAN CORP | 0.01% | $1.4m |
| DREUSD DUKE REALTY CORP | 0.01% | $1.3m |
| TWENTY FIRST CENTY FOX INC no ticker | 0.01% | $1.3m |
| JWNUSD NORDSTROM INC | 0.01% | $1.1m |
| MNST MONSTER BEVERAGE CORP NEW | 0.01% | $1.1m |
| SBNY SIGNATURE BK NEW YORK N Y | 0.01% | $993k |
| CONSOL ENERGY INC no ticker | 0.01% | $975k |
| FLS FLOWSERVE CORP | 0.01% | $948k |
| CMCSA COMCAST CORP NEW | 0.01% | $905k |
| MRK MERCK & CO. INC | 0.01% | $848k |
| NYCBEUR NEW YORK CMNTY BANCORP INC | 0.01% | $803k |
| RPM RPM INTL INC | 0.01% | $750k |
| SRCLEUR STERICYCLE INC | 0.01% | $729k |
| ALV AUTOLIV INC | 0.01% | $674k |
| SNA SNAP ON INC | 0.01% | $664k |
| AMCX AMC GLOBAL MEDIA INC | 0.01% | $659k |
| GLW CORNING INC | 0.01% | $628k |
| AFL AFLAC INC | 0.01% | $619k |
| CAKE CHEESECAKE FACTORY INC | 0.01% | $606k |
| JACK JACK IN THE BOX INC | 0.01% | $586k |
| CFR CULLEN FROST BANKERS INC | 0.01% | $550k |
| MET METLIFE INC | 0.0% | $545k |
| AJG GALLAGHER ARTHUR J & CO | 0.0% | $544k |
| L LOEWS CORP | 0.0% | $498k |
| STLD STEEL DYNAMICS INC | 0.0% | $489k |
| GS GOLDMAN SACHS GROUP INC | 0.0% | $480k |
| CCK CROWN HLDGS INC | 0.0% | $479k |
| BALL BALL CORP | 0.0% | $478k |
| RS RELIANCE INC | 0.0% | $477k |
| WEC WEC ENERGY GROUP INC | 0.0% | $456k |
| SNPS SYNOPSYS INC | 0.0% | $448k |
| FDS FACTSET RESH SYS INC | 0.0% | $444k |
| CVLT COMMVAULT SYSTEMS INC | 0.0% | $442k |
| FTNT FORTINET INC | 0.0% | $440k |
| CTAS CINTAS CORP | 0.0% | $411k |
| MXIM MAXIM INTEGRATED PRODS INC | 0.0% | $401k |
| MDLZ MONDELEZ INTL INC | 0.0% | $396k |
| SNH1EUR SENIOR HSG PPTYS TR | 0.0% | $387k |
| SENSATA TECHNOLOGIES HLDG NV no ticker | 0.0% | $363k |
| NRG NRG ENERGY INC | 0.0% | $355k |
| SNI SCRIPPS NETWORKS INTERACT IN | 0.0% | $351k |
| UDR UDR INC | 0.0% | $351k |
| RRC RANGE RES CORP | 0.0% | $344k |
| UPS UNITED PARCEL SERVICE INC | 0.0% | $341k |
| CERNCHF CERNER CORP | 0.0% | $337k |
| TUP TUPPERWARE BRANDS CORP | 0.0% | $331k |
| LIBERTY INTERACTIVE CORP no ticker | 0.0% | $310k |
| ROCKWELL COLLINS INC no ticker | 0.0% | $297k |
| ROL ROLLINS INC | 0.0% | $297k |
| LEG LEGGETT & PLATT INC | 0.0% | $293k |
| RF REGIONS FINANCIAL CORP NEW | 0.0% | $293k |
| CSCO CISCO SYS INC | 0.0% | $285k |
| DLX DELUXE CORP | 0.0% | $283k |
| LAMR LAMAR ADVERTISING CO NEW | 0.0% | $278k |
| FISV FISERV INC | 0.0% | $277k |
| MSM MSC INDL DIRECT INC | 0.0% | $269k |
| MAN MANPOWERGROUP INC | 0.0% | $267k |
| OSK OSHKOSH CORP | 0.0% | $266k |
| BF/B BROWN FORMAN CORP | 0.0% | $257k |
| CXW CORECIVIC INC | 0.0% | $255k |
| H HYATT HOTELS CORP | 0.0% | $254k |
| DUN & BRADSTREET CORP DEL NE no ticker | 0.0% | $253k |
| AVY AVERY DENNISON CORP | 0.0% | $253k |
| RSG REPUBLIC SVCS INC | 0.0% | $252k |
| HRB BLOCK H & R INC | 0.0% | $251k |
| AGCO AGCO CORP | 0.0% | $248k |
| RRX REGAL REXNORD CORPORATION | 0.0% | $248k |
| COLFAX CORP no ticker | 0.0% | $246k |
| CPRT COPART INC | 0.0% | $246k |
| CR CRANE CO | 0.0% | $246k |
| GATX GATX CORP | 0.0% | $246k |
| AYI ACUITY INC | 0.0% | $244k |
| DCI DONALDSON INC | 0.0% | $244k |
| NFG NATIONAL FUEL GAS CO | 0.0% | $243k |
| TROW PRICE T ROWE GROUP INC | 0.0% | $243k |
| GGG GRACO INC | 0.0% | $242k |
| NWSA NEWS CORP NEW | 0.0% | $242k |
| VRSK VERISK ANALYTICS INC | 0.0% | $242k |
| PBI PITNEY BOWES INC | 0.0% | $240k |
| TIME1EUR TIME INC NEW | 0.0% | $240k |
| LECO LINCOLN ELEC HLDGS INC | 0.0% | $239k |
| NVR NVR INC | 0.0% | $239k |
| TTC TORO CO | 0.0% | $238k |
| WCN WASTE CONNECTIONS INC | 0.0% | $237k |
| IEX IDEX CORP | 0.0% | $236k |
| HUBB HUBBELL INC | 0.0% | $234k |
| WLY WILEY JOHN & SONS INC | 0.0% | $231k |
| NDSN NORDSON CORP | 0.0% | $228k |
| USB US BANCORP | 0.0% | $214k |
| VANTIV INC no ticker | 0.0% | $211k |
| GPN GLOBAL PMTS INC | 0.0% | $211k |
| IRM IRON MTN INC DEL | 0.0% | $207k |
| JECUSD JACOBS ENGR GROUP INC | 0.0% | $207k |
| IT GARTNER INC | 0.0% | $203k |
| PWR QUANTA SVCS INC | 0.0% | $203k |
| UFS DOMTAR CORP | 0.0% | $200k |
| KBR KBR INC | 0.0% | $189k |
| GU9 GUESS INC | 0.0% | $185k |
| CHS1USD CHICOS FAS INC | 0.0% | $182k |
| WPG2EUR WASHINGTON PRIME GROUP NEW | 0.0% | $152k |
| CBL & ASSOC PPTYS INC no ticker | 0.0% | $150k |
| TWO HBRS INVT CORP no ticker | 0.0% | $145k |
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