WhaleCreep

Bridgewater Associates, LP 13F holdings, Q1 2020

Hedge fundSEC filingsCompare with another fundHoldings as of 2020-03-31, filed 2020-05-14

Bridgewater Associates, LP disclosed 399 US equity positions worth $5.0bn in its Q1 2020 13F filing. Its largest position is SPY at 18.2% of the reported book, followed by GLD and VWO. Versus Q4 2019 it opened 181 new positions, added to 26, reduced 181 and exited 253.

$5.0bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
399
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
18.2%
Largest position
The largest single position as a share of the reported equity book.
68.3%
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 Q4 2019: 181 new, 26 added, 181 reduced, 253 exited

50 of 399
SPY SPDR S&P 500 ETF Trust–18.2%$919m3.56m−49%reduced
GLD SPDR GOLD TRUST–11.9%$601m4.06m0.0%held
VWO VANGUARD INTL EQUITY INDEX F–9.2%$466m13.88m−44%reduced
IVV ISHARES TR–6.6%$332m1.28m−41%reduced
TLT ISHARES TR–5.5%$279m1.69m−13%reduced
LQD ISHARES TR–4.5%$227m1.84m−21%reduced
EWZ ISHARES INC–3.8%$193m8.18m−26%reduced
IAU ISHARES GOLD TRUST–3.5%$176m11.68m0.0%held
IEMG ISHARES INC–2.7%$135m3.32m−58%reduced
HYG ISHARES TR–2.3%$115m1.49m−51%reduced
EEM ISHARES TR–2.3%$114m3.34m−6.4%reduced
EWY ISHARES INC–2.0%$98.6m2.10m−27%reduced
INDA ISHARES TR–1.8%$91.7m3.80m+1.1%added
EFA ISHARES TR–1.7%$88.1m1.65m−39%reduced
VEA VANGUARD TAX-MANAGED FDS–1.7%$86.8m2.60m−39%reduced
EMB ISHARES TR–1.6%$78.6m812,571−38%reduced
IEFA ISHARES TR–1.5%$74.3m1.49m−44%reduced
EWT ISHARES INC–1.3%$66.8m2.03m−54%reduced
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical1.1%$54.1m278,156−11%reduced
RY ROYAL BK CDAFinancial Services0.6%$28.5m465,072−1.2%reduced
TD TORONTO DOMINION BK ONTFinancial Services0.5%$24.9m593,053−1.3%reduced
MCHI ISHARES TR–0.4%$22.4m391,569−41%reduced
TIP ISHARES TR–0.4%$22.1m187,449−36%reduced
FXI ISHARES TR–0.4%$21.9m584,306−38%reduced
CNI CANADIAN NATL RY COIndustrials0.4%$18.2m234,870−1.3%reduced
BNS BANK NOVA SCOTIA B CFinancial Services0.3%$16.4m405,297−1.5%reduced
JD JD.COM INCConsumer Cyclical0.3%$16.0m394,926−16%reduced
EWW ISHARES INC–0.3%$14.3m504,987−48%reduced
NTES NETEASE COM INCCommunication Services0.3%$14.0m43,758−16%reduced
TRP TC ENERGY CORPEnergy0.3%$13.5m307,128−1.4%reduced
BROOKFIELD ASSET MGMT INC no ticker–0.2%$12.0m273,392−1.6%reduced
BCE BCE INCCommunication Services0.2%$10.5m258,557−0.2%held
BMO BANK MONTREAL MEDIUMFinancial Services0.2%$10.3m205,615−1.2%reduced
CANADIAN PAC RY LTD no ticker–0.2%$10.3m46,984−1.8%reduced
SHW SHERWIN WILLIAMS COBasic Materials0.2%$10.2m22,209+54%added
ABX BARRICK GOLD CORPFinancial Services0.2%$10.0m547,194−11%reduced
HD HOME DEPOT INCConsumer Cyclical0.2%$9.8m52,251+53%added
BIDU BAIDU INCCommunication Services0.2%$9.6m94,836−13%reduced
SU SUNCOR ENERGY INC NEWEnergy0.2%$9.3m589,873−2.0%reduced
LOW LOWES COS INCConsumer Cyclical0.2%$8.9m103,146+72%added
TSLA TESLA INCConsumer Cyclical0.2%$8.5m16,301−62%reduced
CM CANADIAN IMPERIAL BANK OF COFinancial Services0.2%$7.9m136,637−0.6%reduced
MFC MANULIFE FINL CORPFinancial Services0.1%$7.4m599,128−0.7%reduced
FNV FRANCO NEVADA CORPBasic Materials0.1%$6.9m69,964−15%reduced
NTR NUTRIEN LTDBasic Materials0.1%$6.8m202,650−2.1%reduced
SLF SUN LIFE FINANCIAL INC.Financial Services0.1%$6.5m203,879−2.0%reduced
TU TELUS CORPORATIONCommunication Services0.1%$6.3m403,006+97%added
CNQ CANADIAN NAT RES LTD MED TEREnergy0.1%$6.2m455,797−3.1%reduced
LULU LULULEMON ATHLETICA INCConsumer Cyclical0.1%$6.1m32,090−33%reduced
TAL TAL EDUCATION GROUPConsumer Defensive0.1%$5.8m108,953+1.6%added

Exited since Q4 2019

253 rows
JPM JPMORGAN CHASE & CO0.9%$90.5m
BAC BANK OF AMER CORP0.7%$66.1m
WFC WELLS FARGO & CO0.5%$47.5m
C CITIGROUP INC0.4%$36.1m
USB US BANCORP0.2%$19.3m
GS GOLDMAN SACHS GROUP INC0.2%$17.6m
MS MORGAN STANLEY0.2%$17.2m
BLK BLACKROCK INC0.2%$16.1m
PNC PNC FINL SVCS GROUP INC0.1%$14.5m
BFH BREAD FINANCIAL HOLDINGS INC0.1%$13.4m
SCHW SCHWAB CHARLES CORP0.1%$12.7m
AON AON PLC0.1%$10.1m
BNY BANK OF NY MELLON CORP0.10%$9.6m
TFC TRUIST FINL CORP0.09%$8.9m
UPS UNITED PARCEL SERVICE INC0.09%$8.9m
CSX CSX CORP0.06%$6.4m
DAL DELTA AIR LINES INC0.06%$6.1m
STT STATE STR CORP0.06%$5.9m
TROW PRICE T ROWE GROUP INC0.06%$5.9m
NTRS NORTHERN TR CORP0.05%$4.7m
MTB M & T BK CORP0.05%$4.6m
FITB FIFTH THIRD BANCORP0.05%$4.6m
UNP UNION PACIFIC CORP0.05%$4.5m
AMP AMERIPRISE FINL INC0.04%$4.4m
ROP ROPER TECHNOLOGIES INC0.04%$4.2m
KEY KEYCORP0.04%$4.1m
FRCB FIRST REP BK SAN FRANCISCO C0.04%$4.1m
CFG CITIZENS FINL GROUP INC0.04%$3.7m
AJG GALLAGHER ARTHUR J & CO0.04%$3.7m
RF REGIONS FINANCIAL CORP NEW0.03%$3.4m
HBAN HUNTINGTON BANCSHARES INC0.03%$3.2m
PFG PRINCIPAL FINANCIAL GROUP IN0.03%$3.2m
ADBE ADOBE INC0.03%$3.1m
VMWEUR VMWARE INC0.03%$3.0m
MKTX MARKETAXESS HLDGS INC0.03%$3.0m
URI UNITED RENTALS INC0.03%$2.9m
NCLH NORWEGIAN CRUISE LINE HLDGS0.03%$2.9m
GWW WW GRAINGER INC0.03%$2.7m
YUSD ALLEGHANY CORP DEL0.03%$2.7m
BEN FRANKLIN RESOURCES INC0.03%$2.7m
SIVBEUR SVB FINANCIAL GROUP0.03%$2.7m
RJF RAYMOND JAMES FINANCIAL INC0.03%$2.5m
AXA EQUITABLE HLDGS INC no ticker0.03%$2.5m
ITW ILLINOIS TOOL WKS INC0.02%$2.4m
AMAT APPLIED MATLS INC0.02%$2.3m
BRO BROWN & BROWN INC0.02%$2.3m
DE DEERE & CO0.02%$2.2m
H HYATT HOTELS CORP0.02%$2.1m
CMA COMERICA INC0.02%$2.1m
ETRA E TRADE FINANCIAL CORP0.02%$2.1m

Sector mix

  • Unclassified85.2%
  • Consumer Cyclical4.0%
  • Financial Services2.7%
  • Industrials1.4%
  • Basic Materials1.2%
  • Consumer Defensive1.2%
  • Communication Services1.2%
  • Healthcare1.1%
  • Energy0.8%
  • Technology0.5%
  • Utilities0.4%
  • Real Estate0.3%

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