WhaleCreep

Bridgewater Associates, LP 13F holdings, Q4 2019

Hedge fundSEC filingsCompare with another fundHoldings as of 2019-12-31, filed 2020-02-13

Bridgewater Associates, LP disclosed 471 US equity positions worth $9.8bn in its Q4 2019 13F filing. Its largest position is SPY at 23.0% of the reported book, followed by VWO and IVV. Versus Q3 2019 it opened 258 new positions, added to 98, reduced 87 and exited 119.

$9.8bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
471
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
23.0%
Largest position
The largest single position as a share of the reported equity book.
67.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
12
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 2019: 258 new, 98 added, 87 reduced, 119 exited

50 of 471
SPY SPDR S&P 500 ETF Trust–23.0%$2.2bn6.99m−0.7%reduced
VWO VANGUARD INTL EQUITY INDEX F–11.2%$1.1bn24.76m−34%reduced
IVV ISHARES TR–7.2%$707m2.19m0.0%held
GLD SPDR GOLD TRUST–5.9%$580m4.06m0.0%held
EWZ ISHARES INC–5.3%$521m10.99m−13%reduced
IEMG ISHARES INC–4.3%$426m7.92m−54%reduced
LQD ISHARES TR–3.0%$298m2.33m0.0%held
HYG ISHARES TR–2.7%$269m3.06m−0.1%held
TLT ISHARES TR–2.7%$263m1.94m+1.6%added
EFA ISHARES TR–1.9%$188m2.71m0.0%held
VEA VANGUARD TAX-MANAGED FDS–1.9%$188m4.28m0.0%held
EWT ISHARES INC–1.9%$181m4.41m+10%added
EWY ISHARES INC–1.8%$178m2.87m−19%reduced
IEFA ISHARES TR–1.8%$174m2.67m0.0%held
IAU ISHARES GOLD TRUST–1.7%$169m11.68m0.0%held
EEM ISHARES TR–1.6%$160m3.57m−72%reduced
EMB ISHARES TR–1.5%$150m1.31m−2.2%reduced
INDA ISHARES TR–1.4%$132m3.76m+2.9%added
JPM JPMORGAN CHASE & COFinancial Services0.9%$90.5m649,376–new
BAC BANK OF AMER CORPFinancial Services0.7%$66.1m1.88m–new
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical0.7%$66.0m311,204−3.3%reduced
WFC WELLS FARGO & COFinancial Services0.5%$47.5m883,420–new
EWW ISHARES INC–0.4%$43.8m973,570+14%added
MCHI ISHARES TR–0.4%$42.2m658,795+9.3%added
FXI ISHARES TR–0.4%$41.0m940,619+9.4%added
RY ROYAL BK CDAFinancial Services0.4%$37.3m470,918−0.8%reduced
C CITIGROUP INCFinancial Services0.4%$36.1m452,049–new
TIP ISHARES TR–0.3%$33.9m291,159+8.6%added
TD TORONTO DOMINION BK ONTFinancial Services0.3%$33.8m601,144−0.9%reduced
BNS BANK NOVA SCOTIA B CFinancial Services0.2%$23.3m411,537−1.1%reduced
CNI CANADIAN NATL RY COIndustrials0.2%$21.6m237,955−0.9%reduced
SU SUNCOR ENERGY INC NEWEnergy0.2%$19.8m602,100−0.8%reduced
USB US BANCORPFinancial Services0.2%$19.3m325,383–new
TSLA TESLA INCConsumer Cyclical0.2%$17.8m42,484–new
GS GOLDMAN SACHS GROUP INCFinancial Services0.2%$17.6m76,326–new
MS MORGAN STANLEYFinancial Services0.2%$17.2m335,701–new
TRP TC ENERGY CORPEnergy0.2%$16.6m311,513−1.0%reduced
JD JD.COM INCConsumer Cyclical0.2%$16.5m467,916−1.3%reduced
BMO BANK MONTREAL MEDIUMFinancial Services0.2%$16.1m208,020−0.7%reduced
BLK BLACKROCK INCFinancial Services0.2%$16.1m32,065–new
BROOKFIELD ASSET MGMT INC no ticker–0.2%$16.1m277,824−1.2%reduced
NTES NETEASE COM INCCommunication Services0.2%$15.9m51,909−0.4%held
CNQ CANADIAN NAT RES LTD MED TEREnergy0.2%$15.2m470,461−0.1%held
PNC PNC FINL SVCS GROUP INCFinancial Services0.1%$14.5m90,809–new
BIDU BAIDU INCCommunication Services0.1%$13.8m108,821−0.3%held
BFH BREAD FINANCIAL HOLDINGS INCFinancial Services0.1%$13.4m119,534−79%reduced
VFC V F CORPConsumer Cyclical0.1%$13.1m131,601–new
SCHW SCHWAB CHARLES CORPFinancial Services0.1%$12.7m266,344–new
MFC MANULIFE FINL CORPFinancial Services0.1%$12.3m603,070−0.6%reduced
CANADIAN PAC RY LTD no ticker–0.1%$12.2m47,856−1.4%reduced

Exited since Q3 2019

119 rows
BIIB BIOGEN INC0.5%$55.3m
XECEUR CIMAREX ENERGY CO0.4%$46.8m
WBA WALGREENS BOOTS ALLIANCE INC0.4%$46.7m
ALXN ALEXION PHARMACEUTICALS INC0.4%$46.6m
DVA DAVITA INC0.4%$41.5m
CBS CORP NEW no ticker0.3%$38.2m
WOO FOOT LOCKER INC0.3%$35.4m
COR CENCORA INC0.3%$32.9m
KSS KOHLS CORP0.3%$32.5m
ELV ELEVANCE HEALTH INC0.3%$31.1m
SWN1EUR SOUTHWESTERN ENERGY CO0.3%$30.4m
CLF CLEVELAND CLIFFS INC0.3%$29.5m
CLX CLOROX CO DEL0.2%$27.4m
EQT EQT CORPORATION0.2%$26.9m
SPG SIMON PPTY GROUP INC NEW0.2%$25.5m
AMT AMERICAN TOWER CORP0.2%$23.9m
MCK MCKESSON CORP0.2%$23.0m
PGR PROGRESSIVE CORP0.2%$23.0m
BRK/B BERKSHIRE HATHAWAY INC DEL0.2%$22.7m
CMCSA COMCAST CORP NEW0.2%$22.2m
NRG NRG ENERGY INC0.2%$21.6m
IPG INTERPUBLIC GROUP COS INC0.2%$20.7m
VZ VERIZON COMMUNICATIONS INC0.2%$19.8m
REGN REGENERON PHARMACEUTICALS0.2%$17.1m
URBN URBAN OUTFITTERS INC0.1%$16.7m
CAH CARDINAL HEALTH INC0.1%$16.5m
SLB SLB LIMITED0.1%$16.5m
MO ALTRIA GROUP INC0.1%$14.1m
DISCAUSD DISCOVERY INC0.1%$13.6m
CVS CVS HEALTH CORP0.1%$13.2m
HFCUSD HOLLYFRONTIER CORP0.10%$11.4m
CF CF Industries Holdings Inc0.10%$11.2m
BMY BRISTOL-MYERS SQUIBB CO0.10%$11.1m
INTC INTEL CORP0.10%$11.1m
MPC Marathon Petroleum Corp0.09%$10.7m
UNH UNITEDHEALTH GROUP INC0.09%$10.7m
CNX CNX RESOURCES CORPORATION0.09%$9.8m
GOOGL ALPHABET INC0.08%$8.8m
BXP BXP INC0.08%$8.8m
BKNG BOOKING HOLDINGS INC0.07%$8.5m
GILD GILEAD SCIENCES INC0.07%$7.8m
DUK DUKE ENERGY CORP NEW0.07%$7.5m
NOC NORTHROP GRUMMAN CORP0.07%$7.5m
ERIE ERIE INDTY CO0.06%$7.1m
MNST MONSTER BEVERAGE CORP NEW0.06%$7.0m
CNP CENTERPOINT ENERGY INC0.06%$7.0m
ORCL ORACLE CORP0.05%$6.1m
ISRG INTUITIVE SURGICAL INC0.05%$6.1m
AXP AMERICAN EXPRESS CO0.05%$5.7m
VRTX VERTEX PHARMACEUTICALS INC0.05%$5.5m

Sector mix

  • Unclassified84.0%
  • Financial Services6.4%
  • Consumer Cyclical3.5%
  • Industrials1.9%
  • Basic Materials1.3%
  • Technology1.0%
  • Energy0.8%
  • Communication Services0.7%
  • Healthcare0.09%
  • Real Estate0.07%
  • Consumer Defensive0.07%
  • Utilities0.06%

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