WhaleCreep

Bridgewater Associates, LP 13F holdings, Q3 2019

Hedge fundSEC filingsCompare with another fundHoldings as of 2019-09-30, filed 2019-11-13

Bridgewater Associates, LP disclosed 332 US equity positions worth $11.4bn in its Q3 2019 13F filing. Its largest position is SPY at 18.4% of the reported book, followed by VWO and IEMG. Versus Q2 2019 it opened 109 new positions, added to 104, reduced 84 and exited 82.

$11.4bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
332
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
18.4%
Largest position
The largest single position as a share of the reported equity book.
66.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
14
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 2019: 109 new, 104 added, 84 reduced, 82 exited

50 of 332
SPY SPDR S&P 500 ETF Trust–18.4%$2.1bn7.04m+3.8%added
VWO VANGUARD INTL EQUITY INDEX F–13.2%$1.5bn37.38m−21%reduced
IEMG ISHARES INC–7.5%$848m17.30m−26%reduced
IVV ISHARES TR–5.7%$653m2.19m0.0%held
GLD SPDR GOLD TRUST–4.9%$563m4.06m0.0%held
EWZ ISHARES INC–4.7%$535m12.69m+35%added
EEM ISHARES TR–4.5%$513m12.56m−51%reduced
LQD ISHARES TR–2.6%$297m2.33m−12%reduced
TLT ISHARES TR–2.4%$273m1.91m−4.7%reduced
HYG ISHARES TR–2.3%$267m3.07m−4.9%reduced
EWY ISHARES INC–1.8%$200m3.55m−0.7%reduced
EFA ISHARES TR–1.6%$177m2.71m+5.7%added
VEA VANGUARD TAX-MANAGED FDS–1.5%$176m4.28m+5.7%added
IAU ISHARES GOLD TRUST–1.4%$165m11.68m0.0%held
IEFA ISHARES TR–1.4%$163m2.67m+6.3%added
EMB ISHARES TR–1.3%$152m1.34m−25%reduced
EWT ISHARES INC–1.3%$145m4.00m–new
INDA ISHARES TR–1.1%$123m3.66m+22%added
BFH BREAD FINANCIAL HOLDINGS INCFinancial Services0.6%$72.6m566,844+4.3%added
BIIB BIOGEN INCHealthcare0.5%$55.3m237,455−4.6%reduced
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical0.5%$53.8m321,777+2.5%added
LBEUR L BRANDS INC–0.5%$53.4m2.73m+188%added
M Macy's, IncConsumer Cyclical0.5%$52.7m3.39m+64%added
RL RALPH LAUREN CORPConsumer Cyclical0.4%$48.0m503,248+163%added
XECEUR CIMAREX ENERGY CO–0.4%$46.8m976,604+28%added
WBA WALGREENS BOOTS ALLIANCE INC–0.4%$46.7m844,790+144%added
ALXN ALEXION PHARMACEUTICALS INC–0.4%$46.6m475,487+1472%added
DVA DAVITA INCHealthcare0.4%$41.5m727,788+544%added
RY ROYAL BK CDAFinancial Services0.3%$38.5m474,8320.0%held
CBS CORP NEW no ticker–0.3%$38.2m945,703+209%added
EWW ISHARES INC–0.3%$36.6m855,975+74%added
TD TORONTO DOMINION BK ONTFinancial Services0.3%$35.4m606,7350.0%held
WOO FOOT LOCKER INC–0.3%$35.4m819,402+36%added
JWNUSD NORDSTROM INC–0.3%$34.7m1.03m+8.8%added
FXI ISHARES TR–0.3%$34.2m859,503+20%added
MCHI ISHARES TR–0.3%$33.8m602,720+20%added
COR CENCORA INCHealthcare0.3%$32.9m399,252+125%added
KSS KOHLS CORPConsumer Cyclical0.3%$32.5m654,710−8.0%reduced
TIP ISHARES TR–0.3%$31.2m268,082−79%reduced
ELV ELEVANCE HEALTH INCHealthcare0.3%$31.1m129,345+192%added
SWN1EUR SOUTHWESTERN ENERGY CO–0.3%$30.4m15.75m+1.5%added
CLF CLEVELAND CLIFFS INCBasic Materials0.3%$29.5m4.08m+110%added
CLX CLOROX CO DELConsumer Defensive0.2%$27.4m180,535+26%added
EQT EQT CORPORATIONEnergy0.2%$26.9m2.53m+87%added
IVZ INVESCO LTDFinancial Services0.2%$25.9m1.53m–new
SPG SIMON PPTY GROUP INC NEWReal Estate0.2%$25.5m164,059+109%added
NEM NEWMONT CORPBasic Materials0.2%$25.4m669,124+11%added
XLNXEUR XILINX INC–0.2%$24.7m257,092+664%added
MLM MARTIN MARIETTA MATLS INCBasic Materials0.2%$23.9m87,313+189%added
AMT AMERICAN TOWER CORPReal Estate0.2%$23.9m142,788−35%reduced

Exited since Q2 2019

82 rows
BBBYEUR BED BATH & BEYOND INC0.3%$42.5m
KEL KELLANOVA0.2%$29.2m
NTAP NETAPP INC0.2%$28.4m
STT STATE STR CORP0.2%$22.9m
CTXSEUR CITRIX SYS INC0.2%$19.8m
HOUSEUR ANYWHERE REAL ESTATE INC0.1%$18.4m
BNY BANK OF NY MELLON CORP0.1%$16.8m
GWW WW GRAINGER INC0.1%$16.5m
SCHW SCHWAB CHARLES CORP0.1%$13.3m
ROK ROCKWELL AUTOMATION INC0.1%$13.3m
ENDO INTL PLC no ticker0.1%$13.0m
CORE LABORATORIES N V no ticker0.09%$11.3m
SPLKCHF SPLUNK INC0.08%$10.8m
LRCX LAM RESEARCH CORP0.08%$10.3m
UPS UNITED PARCEL SERVICE INC0.07%$8.3m
WU WESTERN UN CO0.06%$7.7m
HP HELMERICH & PAYNE INC0.05%$5.9m
SLG2EUR SL GREEN RLTY CORP0.04%$5.0m
AAP ADVANCE AUTO PARTS INC0.04%$4.8m
DGX QUEST DIAGNOSTICS INC0.03%$3.5m
ARE ALEXANDRIA REAL ESTATE EQ IN0.03%$3.4m
T AT&T INC0.03%$3.2m
SWKS SKYWORKS SOLUTIONS INC0.02%$3.1m
VNO VORNADO RLTY TR0.02%$3.0m
RJF RAYMOND JAMES FINANCIAL INC0.02%$3.0m
PPG PPG INDS INC0.02%$3.0m
SEE1GBP SEALED AIR CORP NEW0.02%$2.8m
CPB THE CAMPBELLS COMPANY0.02%$2.8m
DOV DOVER CORP0.02%$2.6m
LVS LAS VEGAS SANDS CORP0.02%$2.6m
NTRS NORTHERN TR CORP0.02%$2.4m
SJM SMUCKER J M CO0.02%$2.4m
LNC LINCOLN NATL CORP IND0.02%$2.1m
PRU PRUDENTIAL FINL INC0.01%$1.7m
NYCBEUR NEW YORK CMNTY BANCORP INC0.01%$1.6m
COF CAPITAL ONE FINL CORP0.01%$1.6m
EIX EDISON INTL0.01%$1.6m
INTU INTUIT0.01%$1.4m
CHD CHURCH & DWIGHT CO INC0.01%$1.4m
MKC MCCORMICK & CO INC0.01%$1.3m
UDR UDR INC0.01%$1.3m
PH PARKER-HANNIFIN CORP0.01%$1.2m
APC3EUR ANADARKO PETE CORP0.01%$1.1m
NNN NNN REIT INC0.01%$1.1m
FEDERAL RLTY INVT TR no ticker0.01%$844k
WPC W P CAREY INC0.01%$827k
MCO MOODYS CORP0.0%$620k
UNM UNUM GROUP0.0%$588k
CME CME GROUP INC0.0%$583k
PNW PINNACLE WEST CAP CORP0.0%$573k

Sector mix

  • Unclassified83.9%
  • Consumer Cyclical3.4%
  • Financial Services2.8%
  • Healthcare2.5%
  • Energy1.6%
  • Basic Materials1.4%
  • Industrials1.2%
  • Communication Services1.0%
  • Technology0.8%
  • Real Estate0.6%
  • Consumer Defensive0.6%
  • Utilities0.4%

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