WhaleCreep

Bridgewater Associates, LP 13F holdings, Q4 2017

Hedge fundSEC filingsCompare with another fundHoldings as of 2017-12-31, filed 2018-02-13

Bridgewater Associates, LP disclosed 245 US equity positions worth $12.2bn in its Q4 2017 13F filing. Its largest position is VWO at 25.9% of the reported book, followed by SPY and EEM. Versus Q3 2017 it opened 51 new positions, added to 50, reduced 133 and exited 91.

$12.2bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
245
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
25.9%
Largest position
The largest single position as a share of the reported equity book.
81.2%
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 Q3 2017: 51 new, 50 added, 133 reduced, 91 exited

50 of 245
VWO VANGUARD INTL EQUITY INDEX F–25.9%$3.2bn68.96m−22%reduced
SPY SPDR S&P 500 ETF Trust–20.7%$2.5bn9.47m−0.2%held
EEM ISHARES TR–12.6%$1.5bn32.62m−50%reduced
IEMG ISHARES INC–7.2%$885m15.55m−37%reduced
GLD SPDR GOLD TRUST–4.0%$483m3.91m+0.4%held
EWZ ISHARES INC–2.6%$313m7.73m+14%added
LQD ISHARES TR–2.5%$301m2.47m+2.2%added
TLT ISHARES TR–2.2%$268m2.11m+0.9%added
TIP ISHARES TR–1.8%$221m1.94m+0.3%held
HYG ISHARES TR–1.8%$221m2.53m+7.5%added
IVV ISHARES TR–1.8%$218m811,273−0.7%reduced
EMB ISHARES TR–1.7%$207m1.78m+0.2%held
VEA VANGUARD TAX-MANAGED FDS–1.4%$173m3.87m0.0%held
EFA ISHARES TR–1.4%$172m2.45m0.0%held
IEFA ISHARES TR–1.3%$158m2.39m0.0%held
IAU ISHARES GOLD TRUST–1.2%$142m11.32m+0.3%held
PCG PG&E CORPUtilities0.3%$38.0m846,531–new
EWT ISHARES INC–0.3%$35.5m980,509−0.2%held
EWY ISHARES INC–0.3%$33.5m446,669−50%reduced
CVS CVS HEALTH CORPHealthcare0.2%$30.5m420,695–new
CELG CELGENE CORP–0.2%$30.3m290,776+241%added
CAH CARDINAL HEALTH INCHealthcare0.2%$29.1m475,692–new
WBA WALGREENS BOOTS ALLIANCE INC–0.2%$28.6m393,897+255%added
GME GAMESTOP CORPConsumer Cyclical0.2%$26.5m1.48m+14%added
SWN1EUR SOUTHWESTERN ENERGY CO–0.2%$25.1m4.50m+14%added
BBBYEUR BED BATH & BEYOND INC–0.2%$24.4m1.11m−17%reduced
CLF CLEVELAND CLIFFS INCBasic Materials0.2%$24.0m3.33m+20%added
BFH BREAD FINANCIAL HOLDINGS INCFinancial Services0.2%$21.2m83,703−36%reduced
PPL PPL CORPUtilities0.2%$20.9m676,739–new
MU MICRON TECHNOLOGY INCTechnology0.2%$19.9m484,884+385%added
KMB KIMBERLY-CLARK CORPConsumer Defensive0.2%$18.6m154,265+14%added
ENDO INTL PLC no ticker–0.1%$16.5m2.12m+7.6%added
EIX EDISON INTLUtilities0.1%$16.2m255,910–new
FCX FREEPORT MCMORAN INCBasic Materials0.1%$16.0m844,766−15%reduced
COST COSTCO WHOLESALE CORPORATIONConsumer Defensive0.1%$15.6m83,954+396%added
CMG CHIPOTLE MEXICAN GRILL INCConsumer Cyclical0.1%$14.3m49,401–new
RY ROYAL BK CDAFinancial Services0.1%$14.1m172,551−41%reduced
UTHR UNITED THERAPEUTICS CORP DELHealthcare0.1%$13.9m93,723+1.0%added
WU WESTERN UN COFinancial Services0.1%$13.0m684,822−2.5%reduced
TD TORONTO DOMINION BK ONTFinancial Services0.1%$12.8m217,556−41%reduced
TJX TJX COS INC NEWConsumer Cyclical0.1%$12.3m161,152+6.0%added
ORCL ORACLE CORPTechnology0.1%$12.2m258,428–new
ROST ROSS STORES INCConsumer Cyclical0.09%$11.4m142,572−32%reduced
PG PROCTER & GAMBLE COConsumer Defensive0.09%$11.0m119,531–new
LULU LULULEMON ATHLETICA INCConsumer Cyclical0.09%$11.0m139,546+1952%added
LLY ELI LILLY & COHealthcare0.09%$10.5m123,940–new
RIG TRANSOCEAN LTDEnergy0.09%$10.5m979,945−44%reduced
IPG INTERPUBLIC GROUP COS INC–0.08%$10.3m510,707–new
BNS BANK NOVA SCOTIA B CFinancial Services0.08%$10.0m154,693−39%reduced
ECL ECOLAB INCBasic Materials0.08%$10.0m74,554+22%added

Exited since Q3 2017

91 rows
KR KROGER CO0.3%$42.3m
DVA DAVITA INC0.1%$21.1m
BWA BORGWARNER INC0.1%$18.4m
BIIB BIOGEN INC0.09%$13.8m
INTC INTEL CORP0.09%$13.4m
VIAB VIACOM INC NEW0.09%$12.7m
ILMN ILLUMINA INC0.08%$12.6m
TSN TYSON FOODS INC0.08%$12.4m
NTAP NETAPP INC0.08%$12.0m
TXN TEXAS INSTRS INC0.08%$11.7m
SPGI S&P GLOBAL INC0.08%$11.5m
REGN REGENERON PHARMACEUTICALS0.08%$11.5m
KSS KOHLS CORP0.07%$11.0m
MAS MASCO CORP0.07%$9.7m
KSUEUR KANSAS CITY SOUTHERN0.06%$9.0m
MSI MOTOROLA SOLUTIONS INC0.05%$7.8m
MA MASTERCARD INC0.05%$7.7m
ATVIEUR ACTIVISION BLIZZARD INC0.05%$7.3m
EA ELECTRONIC ARTS INC0.05%$7.2m
LRCX LAM RESEARCH CORP0.05%$6.9m
99803EUR LABORATORY CORP AMER HLDGS0.04%$6.4m
LBEUR L BRANDS INC0.04%$6.2m
TOL TOLL BROTHERS INC0.04%$5.8m
EFX EQUIFAX INC0.04%$5.8m
VFC V F CORP0.03%$5.2m
CPB THE CAMPBELLS COMPANY0.03%$4.9m
NVDA NVIDIA CORPORATION0.03%$4.8m
CMI CUMMINS INC0.03%$4.5m
DE DEERE & CO0.03%$4.0m
JBL JABIL INC0.03%$3.9m
GWW WW GRAINGER INC0.03%$3.9m
PHM PULTE GROUP INC0.03%$3.9m
BDX BECTON DICKINSON & CO0.03%$3.8m
WM WASTE MGMT INC DEL0.02%$3.7m
HCP INC no ticker0.02%$3.3m
HONGBP HONEYWELL INTL INC0.02%$3.2m
MHK MOHAWK INDS INC0.02%$2.7m
UNP UNION PACIFIC CORP0.02%$2.4m
NKE NIKE INC0.02%$2.3m
EG EVEREST GROUP LTD0.02%$2.3m
UTXZ UNITED TECHNOLOGIES CORP0.01%$2.1m
TSS TOTAL SYS SVCS INC0.01%$2.0m
CTLEUR CENTURYLINK INC0.01%$2.0m
AETNA INC NEW no ticker0.01%$1.9m
SPG SIMON PPTY GROUP INC NEW0.01%$1.8m
WAT WATERS CORP0.01%$1.7m
PM PHILIP MORRIS INTL INC0.01%$1.7m
DHR DANAHER CORP DEL0.01%$1.6m
PNW PINNACLE WEST CAP CORP0.01%$1.5m
ESS ESSEX PPTY TR INC0.01%$1.4m

Sector mix

  • Unclassified93.0%
  • Consumer Cyclical1.1%
  • Healthcare1.0%
  • Financial Services1.0%
  • Utilities0.8%
  • Basic Materials0.8%
  • Technology0.6%
  • Consumer Defensive0.5%
  • Energy0.5%
  • Industrials0.2%
  • Communication Services0.2%
  • Real Estate0.2%

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