Funds › Bridgewater Associates, LP › Q1 2018Bridgewater Associates, LP 13F holdings, Q1 2018 Bridgewater Associates, LP disclosed 460 US equity positions worth $10.5bn in its Q1 2018 13F filing. Its largest position is VWO at 23.1% of the reported book, followed by SPY and EEM. Versus Q4 2017 it opened 262 new positions, added to 75, reduced 112 and exited 47.
$10.5bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
460 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
23.1% Largest position The largest single position as a share of the reported equity book.
73.2% Top 10 weight The ten largest positions together, as a share of the reported equity book.
9 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 Q4 2017: 262 new , 75 added , 112 reduced , 47 exited
50 of 460 Show all 460
Stock Sector Weight Value Shares Δ shares Action VWO VANGUARD INTL EQUITY INDEX F – 23.1% $2.4bn 51.59m −25% reduced SPY SPDR S&P 500 ETF Trust – 22.4% $2.3bn 8.93m −5.7% reduced EEM ISHARES TR – 5.3% $555m 11.49m −65% reduced IEMG ISHARES INC – 5.0% $522m 8.94m −42% reduced GLD SPDR GOLD TRUST – 4.7% $492m 3.91m 0.0% held EWZ ISHARES INC – 3.6% $375m 8.35m +8.1% added LQD ISHARES TR – 2.8% $294m 2.50m +1.1% added TLT ISHARES TR – 2.3% $241m 1.97m −6.6% reduced HYG ISHARES TR – 2.1% $216m 2.52m −0.4% held IVV ISHARES TR – 2.0% $214m 804,993 −0.8% reduced EMB ISHARES TR – 1.9% $199m 1.76m −1.0% reduced VEA VANGUARD TAX-MANAGED FDS – 1.6% $171m 3.87m 0.0% held EFA ISHARES TR – 1.6% $171m 2.45m 0.0% held IEFA ISHARES TR – 1.5% $157m 2.39m 0.0% held IAU ISHARES GOLD TRUST – 1.4% $144m 11.32m 0.0% held TIP ISHARES TR – 1.2% $127m 1.12m −42% reduced NEWFIELD EXPL CO no ticker – 0.4% $44.1m 1.81m +736% added CVS CVS HEALTH CORP Healthcare 0.4% $41.7m 670,184 +59% added CELG CELGENE CORP – 0.4% $40.4m 452,364 +56% added PCG PG&E CORP Utilities 0.4% $40.1m 912,491 +7.8% added SWN1EUR SOUTHWESTERN ENERGY CO – 0.4% $40.0m 9.25m +106% added GME GAMESTOP CORP Consumer Cyclical 0.4% $39.7m 3.14m +113% added CAH CARDINAL HEALTH INC Healthcare 0.4% $38.0m 606,782 +28% added EWT ISHARES INC – 0.4% $37.6m 980,538 0.0% held T AT&T INC Communication Services 0.4% $37.4m 1.05m +388% added CLF CLEVELAND CLIFFS INC Basic Materials 0.3% $36.2m 5.21m +57% added ORCL ORACLE CORP Technology 0.3% $35.1m 766,634 +197% added KMB KIMBERLY-CLARK CORP Consumer Defensive 0.3% $34.0m 309,077 +100% added META META PLATFORMS INC Communication Services 0.3% $32.8m 204,996 +2113% added BFH BREAD FINANCIAL HOLDINGS INC Financial Services 0.3% $32.3m 151,517 +81% added BBBYEUR BED BATH & BEYOND INC – 0.3% $31.4m 1.50m +35% added PG PROCTER & GAMBLE CO Consumer Defensive 0.3% $30.9m 390,041 +226% added XECEUR CIMAREX ENERGY CO – 0.3% $30.1m 321,653 +2606% added BIIB BIOGEN INC Healthcare 0.2% $21.1m 77,197 – new WBA WALGREENS BOOTS ALLIANCE INC – 0.2% $20.6m 314,587 −20% reduced GE GENERAL ELECTRIC CO Industrials 0.2% $19.8m 1.47m +700% added BEN FRANKLIN RESOURCES INC Financial Services 0.2% $19.4m 559,059 +2683% added PPL PPL CORP Utilities 0.2% $18.8m 664,181 −1.9% reduced UTHR UNITED THERAPEUTICS CORP DEL Healthcare 0.2% $18.1m 161,349 +72% added LLY ELI LILLY & CO Healthcare 0.2% $17.5m 225,798 +82% added COR CENCORA INC Healthcare 0.2% $17.0m 197,132 +971% added GIS GENERAL MILLS INC Consumer Defensive 0.2% $16.1m 357,886 +964% added USX1 UNITED STATES STL CORP NEW – 0.2% $15.9m 451,835 +240% added EWY ISHARES INC – 0.1% $15.4m 204,411 −54% reduced CMCSA COMCAST CORP NEW Communication Services 0.1% $14.8m 434,111 +811% added MU MICRON TECHNOLOGY INC Technology 0.1% $14.8m 283,278 −42% reduced DVA DAVITA INC Healthcare 0.1% $14.7m 223,124 – new DISH DISH NETWORK CORPORATION – 0.1% $13.3m 350,428 +120% added RIG TRANSOCEAN LTD Energy 0.1% $13.1m 1.32m +35% added RY ROYAL BK CDA Financial Services 0.1% $13.0m 168,721 −2.2% reduced
Exited since Q4 2017 Sector mix Unclassified 87.2% Healthcare 2.3% Financial Services 1.8% Consumer Cyclical 1.6% Consumer Defensive 1.4% Communication Services 1.1% Technology 1.1% Industrials 1.0% Basic Materials 0.9% Utilities 0.8% Energy 0.6% Real Estate 0.3% Book over time Every quarter on file (83) Where Bridgewater Associates, LP was early 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