WhaleCreep

Bridgewater Associates, LP 13F holdings, Q2 2018

Hedge fundSEC filingsCompare with another fundHoldings as of 2018-06-30, filed 2018-08-13

Bridgewater Associates, LP disclosed 460 US equity positions worth $10.0bn in its Q2 2018 13F filing. Its largest position is SPY at 22.7% of the reported book, followed by VWO and IEMG. Versus Q1 2018 it opened 93 new positions, added to 125, reduced 221 and exited 93.

$10.0bn
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.
22.7%
Largest position
The largest single position as a share of the reported equity book.
69.7%
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 Q1 2018: 93 new, 125 added, 221 reduced, 93 exited

50 of 460
SPY SPDR S&P 500 ETF Trust–22.7%$2.3bn8.38m−6.1%reduced
VWO VANGUARD INTL EQUITY INDEX F–21.0%$2.1bn49.91m−3.3%reduced
IEMG ISHARES INC–5.5%$554m10.54m+18%added
GLD SPDR GOLD TRUST–4.6%$464m3.91m0.0%held
EEM ISHARES TR–3.2%$322m7.43m−35%reduced
EWZ ISHARES INC–2.9%$294m9.16m+9.7%added
LQD ISHARES TR–2.9%$287m2.50m0.0%held
TLT ISHARES TR–2.4%$240m1.97m0.0%held
IVV ISHARES TR–2.2%$220m804,9930.0%held
HYG ISHARES TR–2.1%$214m2.52m0.0%held
EMB ISHARES TR–1.9%$188m1.76m0.0%held
VEA VANGUARD TAX-MANAGED FDS–1.7%$166m3.87m0.0%held
EFA ISHARES TR–1.6%$164m2.45m0.0%held
IEFA ISHARES TR–1.5%$151m2.39m0.0%held
IAU ISHARES GOLD TRUST–1.4%$136m11.32m0.0%held
TIP ISHARES TR–1.3%$126m1.12m0.0%held
RY ROYAL BK CDAFinancial Services0.4%$45.0m598,476+255%added
CVS CVS HEALTH CORPHealthcare0.4%$45.0m698,767+4.3%added
TD TORONTO DOMINION BK ONTFinancial Services0.4%$44.3m765,681+260%added
CELG CELGENE CORP–0.4%$43.4m546,369+21%added
T AT&T INCCommunication Services0.4%$40.8m1.27m+21%added
WBA WALGREENS BOOTS ALLIANCE INC–0.4%$39.5m657,649+109%added
TOL TOLL BROTHERS INCConsumer Cyclical0.4%$38.0m1.03m+350%added
CAH CARDINAL HEALTH INCHealthcare0.4%$36.8m752,906+24%added
EWT ISHARES INC–0.4%$35.3m980,5300.0%held
ORCL ORACLE CORPTechnology0.3%$34.7m788,597+2.9%added
PCG PG&E CORPUtilities0.3%$33.0m775,654−15%reduced
CMI CUMMINS INCIndustrials0.3%$31.3m235,261–new
SU SUNCOR ENERGY INC NEWEnergy0.3%$29.8m733,430+199%added
BNS BANK NOVA SCOTIA B CFinancial Services0.3%$29.5m520,767+244%added
CAT CATERPILLAR INCIndustrials0.3%$29.0m213,507+255%added
GME GAMESTOP CORPConsumer Cyclical0.3%$28.2m1.93m−38%reduced
CVX CHEVRON CORPORATIONEnergy0.3%$26.1m206,513+728%added
AMAT APPLIED MATLS INCTechnology0.3%$25.5m551,724–new
MCD MCDONALDS CORPConsumer Cyclical0.3%$25.4m162,333+633%added
CNI CANADIAN NATL RY COIndustrials0.2%$24.7m301,682+272%added
TEL TE CONNECTIVITY LTDTechnology0.2%$23.7m262,904+759%added
KMB KIMBERLY-CLARK CORPConsumer Defensive0.2%$22.0m208,490−33%reduced
BFH BREAD FINANCIAL HOLDINGS INCFinancial Services0.2%$21.4m91,869−39%reduced
BMO BANK MONTREAL MEDIUMFinancial Services0.2%$20.4m264,561+264%added
XECEUR CIMAREX ENERGY CO–0.2%$20.4m200,375−38%reduced
NEWFIELD EXPL CO no ticker–0.2%$20.4m672,996−63%reduced
CNQ CANADIAN NAT RES LTD MED TEREnergy0.2%$20.3m562,696+175%added
LLY ELI LILLY & COHealthcare0.2%$19.3m226,525+0.3%held
SWN1EUR SOUTHWESTERN ENERGY CO–0.2%$19.3m3.64m−61%reduced
IVZ INVESCO LTDFinancial Services0.2%$19.2m721,566+138%added
MU MICRON TECHNOLOGY INCTechnology0.2%$18.9m360,008+27%added
DISH DISH NETWORK CORPORATION–0.2%$18.0m535,515+53%added
USX1 UNITED STATES STL CORP NEW–0.2%$17.6m506,785+12%added
CLF CLEVELAND CLIFFS INCBasic Materials0.2%$17.2m2.04m−61%reduced

Exited since Q1 2018

93 rows
PG PROCTER & GAMBLE CO0.3%$30.9m
GE GENERAL ELECTRIC CO0.2%$19.8m
DVA DAVITA INC0.1%$14.7m
RIG TRANSOCEAN LTD0.1%$13.1m
PEP PEPSICO INC0.1%$10.9m
CPB THE CAMPBELLS COMPANY0.1%$10.8m
AMGN AMGEN INC0.1%$10.7m
FCX FREEPORT MCMORAN INC0.09%$9.4m
DRI DARDEN RESTAURANTS INC0.08%$8.4m
MAS MASCO CORP0.08%$8.2m
SWKS SKYWORKS SOLUTIONS INC0.07%$7.2m
ANDEAVOR no ticker0.07%$6.8m
LUV Southwest Airlines Co.0.06%$6.6m
AAPL APPLE INC0.06%$6.6m
TXN TEXAS INSTRS INC0.06%$6.2m
CERNCHF CERNER CORP0.05%$5.6m
XLNXEUR XILINX INC0.05%$4.9m
M Macy's, Inc0.04%$4.6m
ENDO INTL PLC no ticker0.04%$4.5m
KEL KELLANOVA0.04%$4.4m
LOW LOWES COS INC0.04%$3.9m
XRAY DENTSPLY SIRONA INC0.04%$3.8m
WM WASTE MGMT INC DEL0.03%$3.0m
BSX BOSTON SCIENTIFIC CORP0.03%$2.8m
CTSH COGNIZANT TECHNOLOGY SOLUTIO0.02%$2.4m
USB US BANCORP0.02%$2.2m
NYCBEUR NEW YORK CMNTY BANCORP INC0.02%$2.0m
PM PHILIP MORRIS INTL INC0.02%$2.0m
RJF RAYMOND JAMES FINANCIAL INC0.02%$1.9m
SJM SMUCKER J M CO0.02%$1.8m
MPC Marathon Petroleum Corp0.02%$1.8m
VMC VULCAN MATLS CO0.02%$1.7m
TAP MOLSON COORS BEVERAGE CO0.02%$1.7m
PBCTEUR PEOPLES UNITED FINANCIAL INC0.02%$1.7m
ELV ELEVANCE HEALTH INC0.02%$1.6m
PPG PPG INDS INC0.02%$1.6m
LEUCADIA NATL CORP no ticker0.01%$1.6m
ROK ROCKWELL AUTOMATION INC0.01%$1.5m
WYNEUR WYNDHAM DESTINATIONS INC0.01%$1.4m
SBNY SIGNATURE BK NEW YORK N Y0.01%$1.3m
LAMR LAMAR ADVERTISING CO NEW0.01%$1.3m
ITW ILLINOIS TOOL WKS INC0.01%$1.3m
NWL NEWELL BRANDS INC0.01%$1.3m
SGENEUR SEATTLE GENETICS INC0.01%$1.2m
UNH UNITEDHEALTH GROUP INC0.01%$1.2m
PFG PRINCIPAL FINANCIAL GROUP IN0.01%$1.0m
CFR CULLEN FROST BANKERS INC0.01%$983k
HBAN HUNTINGTON BANCSHARES INC0.01%$957k
YUSD ALLEGHANY CORP DEL0.01%$897k
MKC MCCORMICK & CO INC0.01%$884k

Sector mix

  • Unclassified83.6%
  • Financial Services3.3%
  • Consumer Cyclical2.6%
  • Healthcare2.0%
  • Technology1.7%
  • Industrials1.7%
  • Energy1.3%
  • Communication Services1.2%
  • Basic Materials1.0%
  • Consumer Defensive0.8%
  • Utilities0.7%
  • 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