Bridgewater Associates, LP 13F holdings, Q2 2020
Bridgewater Associates, LP disclosed 383 US equity positions worth $6.0bn in its Q2 2020 13F filing. Its largest position is SPY at 26.1% of the reported book, followed by GLD and IVV. Versus Q1 2020 it opened 137 new positions, added to 68, reduced 176 and exited 153.
- $6.0bn
- Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
- 383
- Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
- 26.1%
- Largest position The largest single position as a share of the reported equity book.
- 76.0%
- 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 2020: 137 new, 68 added, 176 reduced, 153 exited
| SPY SPDR S&P 500 ETF Trust | 26.1% | +42% | added |
| GLD SPDR GOLD TRUST | 15.3% | +35% | added |
| IVV ISHARES TR | 8.7% | +30% | added |
| VWO VANGUARD INTL EQUITY INDEX F | 7.5% | −19% | reduced |
| IAU ISHARES GOLD TRUST | 4.5% | +35% | added |
| BABA ALIBABA GROUP HLDG LTD | 3.4% | +242% | added |
| FXI ISHARES TR | 3.2% | +718% | added |
| MCHI ISHARES TR | 2.5% | +487% | added |
| VEA VANGUARD TAX-MANAGED FDS | 2.4% | +43% | added |
| EFA ISHARES TR | 2.4% | +42% | added |
| LQD ISHARES TR | 2.3% | −45% | reduced |
| IEFA ISHARES TR | 2.2% | +53% | added |
| IEMG ISHARES INC | 1.4% | −46% | reduced |
| JD JD.COM INC | 1.4% | +251% | added |
| NTES NETEASE COM INC | 1.1% | +252% | added |
| PDD PDD HOLDINGS INC | 1.1% | +432% | added |
| EWT ISHARES INC | 1.0% | −27% | reduced |
| EEM ISHARES TR | 0.9% | −61% | reduced |
| BIDU BAIDU INC | 0.7% | +252% | added |
| TAL TAL EDUCATION GROUP | 0.5% | +310% | added |
| NEW ORIENTAL ED & TECHNOLOGY no ticker | 0.4% | +277% | added |
| ZTO ZTO EXPRESS CAYMAN INC | 0.4% | +895% | added |
| YUMC YUM CHINA HLDGS INC | 0.4% | +253% | added |
| TCOM TRIP COM GROUP LTD | 0.3% | +350% | added |
| EWY ISHARES INC | 0.3% | −86% | reduced |
| LOW LOWES COS INC | 0.2% | −0.5% | held |
| EWZ ISHARES INC | 0.2% | −94% | reduced |
| VIPS VIPSHOP HOLDINGS LIMITED | 0.2% | +256% | added |
| GDS GDS HLDGS LTD | 0.2% | +312% | added |
| SHW SHERWIN WILLIAMS CO | 0.2% | −2.8% | reduced |
| HTHT H WORLD GROUP LTD | 0.2% | +116% | added |
| ATHM AUTOHOME INC | 0.2% | +256% | added |
| TSLA TESLA INC | 0.2% | −45% | reduced |
| LULU LULULEMON ATHLETICA INC | 0.2% | −6.4% | reduced |
| TME TENCENT MUSIC ENTMT GROUP | 0.2% | +858% | added |
| HD HOME DEPOT INC | 0.1% | −33% | reduced |
| WDAY WORKDAY INC | 0.1% | +700% | added |
| IQ IQIYI INC | 0.1% | +551% | added |
| WUBAUSD 58 COM INC | 0.1% | +799% | added |
| NIO NIO INC | 0.1% | +1029% | added |
| SNAP SNAP INC | 0.1% | +696% | added |
| JOYY JOYY INC | 0.1% | +382% | added |
| UPS UNITED PARCEL SERVICE INC | 0.1% | – | new |
| SPLKCHF SPLUNK INC | 0.1% | +697% | added |
| INDA ISHARES TR | 0.1% | −95% | reduced |
| NSC NORFOLK SOUTHERN CORP | 0.10% | +1443% | added |
| PPG PPG INDS INC | 0.10% | −6.0% | reduced |
| JCI JOHNSON CONTROLS INTERNATION | 0.10% | +3.6% | added |
| VFC V F CORP | 0.09% | +3.0% | added |
| ZLAB ZAI LAB LTD | 0.09% | – | new |
Exited since Q1 2020
| TLT ISHARES TR | 5.5% | $279m |
| HYG ISHARES TR | 2.3% | $115m |
| EMB ISHARES TR | 1.6% | $78.6m |
| RY ROYAL BK CDA | 0.6% | $28.5m |
| TD TORONTO DOMINION BK ONT | 0.5% | $24.9m |
| TIP ISHARES TR | 0.4% | $22.1m |
| CNI CANADIAN NATL RY CO | 0.4% | $18.2m |
| BNS BANK NOVA SCOTIA B C | 0.3% | $16.4m |
| TRP TC ENERGY CORP | 0.3% | $13.5m |
| BCE BCE INC | 0.2% | $10.5m |
| BMO BANK MONTREAL MEDIUM | 0.2% | $10.3m |
| CANADIAN PAC RY LTD no ticker | 0.2% | $10.3m |
| ABX BARRICK GOLD CORP | 0.2% | $10.0m |
| SU SUNCOR ENERGY INC NEW | 0.2% | $9.3m |
| CM CANADIAN IMPERIAL BANK OF CO | 0.2% | $7.9m |
| MFC MANULIFE FINL CORP | 0.1% | $7.4m |
| FNV FRANCO NEVADA CORP | 0.1% | $6.9m |
| NTR NUTRIEN LTD | 0.1% | $6.8m |
| SLF SUN LIFE FINANCIAL INC. | 0.1% | $6.5m |
| TU TELUS CORPORATION | 0.1% | $6.3m |
| CNQ CANADIAN NAT RES LTD MED TER | 0.1% | $6.2m |
| THOMSON REUTERS CORP. no ticker | 0.1% | $5.7m |
| UNH UNITEDHEALTH GROUP INC | 0.1% | $5.5m |
| MCD MCDONALDS CORP | 0.1% | $5.4m |
| FTS FORTIS INC | 0.1% | $5.2m |
| WPM WHEATON PRECIOUS METALS CORP | 0.1% | $5.1m |
| GIB CGI INC | 0.09% | $4.7m |
| RCI ROGERS COMMUNICATIONS INC | 0.09% | $4.7m |
| PEP PEPSICO INC | 0.09% | $4.5m |
| ACCENTURE PLC IRELAND no ticker | 0.09% | $4.5m |
| ABT ABBOTT LABORATORIES | 0.09% | $4.3m |
| HONGBP HONEYWELL INTL INC | 0.08% | $4.2m |
| AEM AGNICO EAGLE MINES LTD | 0.08% | $4.1m |
| LLY ELI LILLY & CO | 0.08% | $4.0m |
| BMY BRISTOL-MYERS SQUIBB CO | 0.08% | $3.9m |
| TMO THERMO FISHER SCIENTIFIC INC | 0.07% | $3.7m |
| KO COCA COLA CO | 0.07% | $3.7m |
| PG PROCTER & GAMBLE CO | 0.07% | $3.7m |
| MRK MERCK & CO. INC | 0.07% | $3.6m |
| UTXZ UNITED TECHNOLOGIES CORP | 0.07% | $3.5m |
| MDLZ MONDELEZ INTL INC | 0.06% | $3.1m |
| QSR RESTAURANT BRANDS INTL INC | 0.06% | $3.1m |
| PBA PEMBINA PIPELINE CORP | 0.06% | $2.9m |
| MGA MAGNA INTL INC | 0.06% | $2.9m |
| PFE PFIZER INC | 0.05% | $2.7m |
| CB CHUBB LIMITED | 0.04% | $2.2m |
| OTEX OPEN TEXT CORP | 0.04% | $2.2m |
| KGC KINROSS GOLD CORP | 0.04% | $2.2m |
| EL LAUDER ESTEE COS INC | 0.04% | $2.1m |
| SJR/BEUR SHAW COMMUNICATIONS INC | 0.04% | $2.1m |
| CL COLGATE PALMOLIVE CO | 0.04% | $2.1m |
| BDX BECTON DICKINSON & CO | 0.04% | $2.0m |
| UBER UBER TECHNOLOGIES INC | 0.04% | $2.0m |
| VZ VERIZON COMMUNICATIONS INC | 0.04% | $1.9m |
| MRSH MARSH & MCLENNAN COS INC | 0.04% | $1.9m |
| IBM INTERNATIONAL BUSINESS MACHS | 0.04% | $1.9m |
| GPN GLOBAL PMTS INC | 0.04% | $1.9m |
| BHC BAUSCH HEALTH COS INC | 0.03% | $1.7m |
| TECK TECK RESOURCES LTD | 0.03% | $1.6m |
| KMB KIMBERLY-CLARK CORP | 0.03% | $1.6m |
| ROST ROSS STORES INC | 0.03% | $1.4m |
| GE GENERAL ELECTRIC CO | 0.03% | $1.4m |
| IMO IMPERIAL OIL LTD | 0.03% | $1.4m |
| BAX BAXTER INTL INC | 0.03% | $1.3m |
| CCJ CAMECO CORP | 0.02% | $1.1m |
| RIO RIO TINTO PLC | 0.02% | $1.1m |
| VALE VALE S A | 0.02% | $1.1m |
| V VISA INC | 0.02% | $1.1m |
| AFL AFLAC INC | 0.02% | $1.1m |
| COP CONOCOPHILLIPS | 0.02% | $1.1m |
| PBR PETROLEO BRASILEIRO S A | 0.02% | $1.1m |
| JNJ JOHNSON & JOHNSON | 0.02% | $1.1m |
| EXMOC EXXON MOBIL CORP | 0.02% | $1.1m |
| BHP BHP BILLITON LIMITED | 0.02% | $1.1m |
| BP BP PLC | 0.02% | $1.1m |
| CVX CHEVRON CORPORATION | 0.02% | $1.1m |
| IHS MARKIT LTD no ticker | 0.02% | $1.0m |
| EOG EOG Resources Inc | 0.02% | $1.0m |
| SPG SIMON PPTY GROUP INC NEW | 0.02% | $925k |
| GIL GILDAN ACTIVEWEAR INC | 0.02% | $910k |
| YUM YUM BRANDS INC | 0.02% | $900k |
| KEL KELLANOVA | 0.02% | $895k |
| BF/B BROWN FORMAN CORP | 0.02% | $881k |
| ADM ARCHER DANIELS MIDLAND CO | 0.02% | $855k |
| NMI1EUR KIRKLAND LAKE GOLD LTD | 0.02% | $826k |
| MKC MCCORMICK & CO INC | 0.02% | $821k |
| CVE Cenovus Energy Inc | 0.02% | $796k |
| BXP BXP INC | 0.02% | $786k |
| T AT&T INC | 0.01% | $724k |
| BB BLACKBERRY LTD | 0.01% | $715k |
| AU ANGLOGOLD ASHANTI LIMITED | 0.01% | $696k |
| IDXX IDEXX LABS INC | 0.01% | $655k |
| ZBH ZIMMER BIOMET HOLDINGS INC | 0.01% | $642k |
| RGLD ROYAL GOLD INC | 0.01% | $601k |
| PXDEUR PIONEER NAT RES CO | 0.01% | $597k |
| COCA-COLA EUROPACIFIC PARTNE no ticker | 0.01% | $536k |
| OMC OMNICOM GROUP INC | 0.01% | $520k |
| BSX BOSTON SCIENTIFIC CORP | 0.01% | $516k |
| HES HESS CORP | 0.01% | $513k |
| LYFT LYFT INC | 0.01% | $510k |
| RMD RESMED INC | 0.01% | $497k |
| HLT HILTON WORLDWIDE HLDGS INC | 0.01% | $469k |
| EW EDWARDS LIFESCIENCES CORP | 0.01% | $464k |
| LUV Southwest Airlines Co. | 0.01% | $455k |
| OXY OCCIDENTAL PETE CORP | 0.01% | $451k |
| DUK DUKE ENERGY CORP NEW | 0.01% | $444k |
| GFI GOLD FIELDS LTD | 0.01% | $435k |
| CXOEUR CONCHO RES INC | 0.01% | $417k |
| COOPER COS INC no ticker | 0.01% | $413k |
| KDP KEURIG DR PEPPER INC | 0.01% | $413k |
| WAT WATERS CORP | 0.01% | $378k |
| AVY AVERY DENNISON CORP | 0.01% | $370k |
| DRI DARDEN RESTAURANTS INC | 0.01% | $363k |
| EG EVEREST GROUP LTD | 0.01% | $339k |
| PAAS PAN AMERN SILVER CORP | 0.01% | $332k |
| SBSW SIBANYE STILLWATER LTD | 0.01% | $331k |
| CTRA COTERRA ENERGY INC | 0.01% | $320k |
| BTG B2GOLD CORP | 0.01% | $314k |
| FEDERAL RLTY INVT TR no ticker | 0.01% | $309k |
| VAREUR VARIAN MED SYS INC | 0.01% | $309k |
| NI NISOURCE INC | 0.01% | $291k |
| XRAY DENTSPLY SIRONA INC | 0.01% | $285k |
| MAR MARRIOTT INTL INC NEW | 0.01% | $276k |
| PRGO PERRIGO CO PLC | 0.01% | $275k |
| WTRG ESSENTIAL UTILS INC | 0.01% | $272k |
| TAP MOLSON COORS BEVERAGE CO | 0.01% | $268k |
| RVTY REVVITY INC | 0.01% | $264k |
| PNW PINNACLE WEST CAP CORP | 0.01% | $257k |
| BUNGE LIMITED no ticker | 0.01% | $253k |
| PPC PILGRIMS PRIDE CORP | 0.0% | $248k |
| SRCLEUR STERICYCLE INC | 0.0% | $243k |
| FLO FLOWERS FOODS INC | 0.0% | $238k |
| CNP CENTERPOINT ENERGY INC | 0.0% | $231k |
| WU WESTERN UN CO | 0.0% | $231k |
| INGR INGREDION INC | 0.0% | $220k |
| MZTI MARZETTI COMPANY | 0.0% | $219k |
| CW CURTISS WRIGHT CORP | 0.0% | $216k |
| HTZ-WEUR HERTZ GLOBAL HLDGS INC | 0.0% | $216k |
| USFD US FOODS HLDG CORP | 0.0% | $214k |
| FANG DIAMONDBACK ENERGY INC | 0.0% | $201k |
| CLRUSD CONTINENTAL RES INC | 0.0% | $174k |
| BBBYEUR BED BATH & BEYOND INC | 0.0% | $168k |
| UNM UNUM GROUP | 0.0% | $167k |
| SSRM SSR MINING IN | 0.0% | $151k |
| NBL2EUR NOBLE ENERGY INC | 0.0% | $150k |
| MGM MGM RESORTS INTERNATIONAL | 0.0% | $146k |
| DVN DEVON ENERGY CORP NEW | 0.0% | $145k |
| COTY COTY INC | 0.0% | $143k |
| MRO* MARATHON OIL CORP | 0.0% | $134k |
| IAG IAMGOLD CORP | 0.0% | $106k |
| PVG1EUR PRETIUM RES INC | 0.0% | $105k |
| 9990302D APACHE CORP | 0.0% | $94.0k |
| CCO CLEAR CHANNEL OUTDOOR HLDGS | 0.0% | $7.0k |
Sector mix
Book over time
Every quarter on file (83)
| Quarter | Positions | Equity book |
|---|---|---|
| Q2 2026 | 997 | $24.4bn |
| Q1 2026 | 993 | $22.4bn |
| Q4 2025 | 1,040 | $27.4bn |
| Q3 2025 | 1,014 | $25.5bn |
| Q2 2025 | 585 | $24.8bn |
| Q1 2025 | 664 | $21.6bn |
| Q4 2024 | 691 | $21.8bn |
| Q3 2024 | 773 | $17.7bn |
| Q2 2024 | 877 | $19.2bn |
| Q1 2024 | 677 | $19.8bn |
| Q4 2023 | 742 | $17.9bn |
| Q3 2023 | 740 | $16.5bn |
| Q2 2023 | 696 | $16.2bn |
| Q1 2023 | 710 | $16.4bn |
| Q4 2022 | 820 | $18.3bn |
| Q3 2022 | 866 | $19.8bn |
| Q2 2022 | 985 | $23.6bn |
| Q1 2022 | 968 | $24.8bn |
| Q4 2021 | 731 | $17.2bn |
| Q3 2021 | 683 | $18.3bn |
| Q2 2021 | 704 | $15.6bn |
| Q1 2021 | 455 | $11.3bn |
| Q4 2020 | 525 | $11.6bn |
| Q3 2020 | 430 | $8.3bn |
| Q2 2020 | 383 | $6.0bn |
| Q1 2020 | 399 | $5.0bn |
| Q4 2019 | 471 | $9.8bn |
| Q3 2019 | 332 | $11.4bn |
| Q2 2019 | 305 | $12.8bn |
| Q1 2019 | 303 | $16.3bn |
| Q4 2018 | 472 | $10.9bn |
| Q3 2018 | 354 | $9.7bn |
| Q2 2018 | 460 | $10.0bn |
| Q1 2018 | 460 | $10.5bn |
| Q4 2017 | 245 | $12.2bn |
| Q3 2017 | 285 | $14.9bn |
| Q2 2017 | 343 | $10.9bn |
| Q1 2017 | 236 | $8.8bn |
| Q4 2016 | 266 | $10.5bn |
| Q3 2016 | 299 | $10.2bn |
| Q2 2016 | 339 | $8.0bn |
| Q1 2016 | 253 | $7.9bn |
| Q4 2015 | 263 | $7.7bn |
| Q3 2015 | 430 | $7.5bn |
| Q2 2015 | 306 | $10.8bn |
| Q1 2015 | 328 | $12.8bn |
| Q4 2014 | 335 | $12.5bn |
| Q3 2014 | 363 | $12.8bn |
| Q2 2014 | 303 | $13.3bn |
| Q1 2014 | 339 | $12.2bn |
| Q4 2013 | 293 | $12.5bn |
| Q3 2013 | 311 | $11.9bn |
| Q2 2013 | 323 | $11.4bn |
| Q1 2013 | 218 | $10.8bn |
| Q4 2012 | 179 | $9.7bn |
| Q3 2012 | 202 | $7.3bn |
| Q2 2012 | 163 | $6.6bn |
| Q1 2012 | 219 | $6.3bn |
| Q4 2011 | 223 | $5.8bn |
| Q3 2011 | 329 | $6.0bn |
| Q2 2011 | 301 | $6.7bn |
| Q1 2011 | 316 | $5.7bn |
| Q4 2010 | 337 | $4.9bn |
| Q3 2010 | 366 | $5.6bn |
| Q2 2010 | 359 | $4.7bn |
| Q1 2010 | 359 | $3.8bn |
| Q4 2009 | 356 | $2.4bn |
| Q3 2009 | 353 | $3.5bn |
| Q2 2009 | 296 | $2.5bn |
| Q1 2009 | 299 | $2.4bn |
| Q4 2008 | 324 | $2.5bn |
| Q3 2008 | 334 | $3.4bn |
| Q2 2008 | 377 | $4.8bn |
| Q1 2008 | 429 | $5.6bn |
| Q4 2007 | 386 | $4.0bn |
| Q3 2007 | 396 | $2.1bn |
| Q2 2007 | 337 | $1.2bn |
| Q1 2007 | 352 | $535m |
| Q4 2006 | 276 | $379m |
| Q3 2006 | 265 | $365m |
| Q2 2006 | 238 | $319m |
| Q1 2006 | 166 | $425m |
| Q4 2005 | 136 | $250m |
Where Bridgewater Associates, LP was early
| IBM INTERNATIONAL BUSINESS MACHS | Q1 2006 | 2 of 168 | 0.9% | Exited by Q3 2024 | +119% |
| MEOH METHANEX CORP | Q3 2006 | 1 of 108 | 1.6% | Exited by Q2 2026 | +145% |
| SJR/BEUR SHAW COMMUNICATIONS INC | Q3 2006 | 3 of 85 | 1.1% | Exited by Q3 2021 | – |
| CAE CAE INC | Q4 2006 | 1 of 77 | 1.9% | Exited by Q4 2025 | +223% |
| LUV SOUTHWEST AIRLS CO | Q2 2007 | 1 of 175 | 0.08% | Held at last filing, Q2 2026 | +245% |
| MGA MAGNA INTL INC | Q2 2007 | 2 of 101 | 1.0% | Exited by Q1 2026 | +134% |
| MSFT MICROSOFT CORP | Q2 2007 | 4 of 374 | 2.5% | Held at last filing, Q2 2026 | +1166% |
| TER TERADYNE INC | Q1 2008 | 1 of 192 | 0.4% | Held at last filing, Q2 2026 | +3796% |
| EEM ISHARES TR | Q3 2009 | 4 of 134 | 1.2% | Exited by Q4 2024 | +18% |
| IVV ISHARES TR | Q3 2010 | 5 of 83 | 0.3% | Held at last filing, Q2 2026 | +554% |
| LQD ISHARES TR | Q4 2010 | 3 of 101 | 0.6% | Held at last filing, Q2 2026 | +0.6% |
| VWO VANGUARD INTL EQUITY INDEX F | Q1 2011 | 1 of 55 | 13.3% | Held at last filing, Q2 2026 | +22% |
| EWZ ISHARES INC | Q2 2012 | 3 of 119 | 1.6% | Exited by Q1 2025 | −56% |
| IEMG ISHARES INC | Q3 2016 | 1 of 51 | 0.6% | Held at last filing, Q2 2026 | +82% |
| EWY ISHARES INC | Q3 2016 | 4 of 113 | 0.06% | Held at last filing, Q2 2026 | +247% |
| IAU ISHARES GOLD TR | Q2 2017 | 3 of 49 | 0.3% | Exited by Q3 2023 | +52% |
| IEFA ISHARES TR | Q2 2017 | 3 of 43 | 0.5% | Exited by Q1 2023 | +1.2% |
| TIP ISHARES TR | Q2 2017 | 3 of 51 | 1.3% | Exited by Q2 2020 | +4.0% |
| EWT ISHARES INC | Q2 2017 | 4 of 53 | 0.3% | Exited by Q4 2022 | +21% |
| VEA VANGUARD TAX-MANAGED FDS | Q2 2017 | 4 of 47 | 0.5% | Exited by Q1 2023 | +1.6% |
| EFA ISHARES TR | Q2 2017 | 6 of 78 | 0.5% | Exited by Q1 2023 | +0.7% |
| EMB ISHARES TR | Q2 2017 | 7 of 73 | 0.7% | Exited by Q2 2020 | −15% |
| TLT ISHARES TR | Q2 2017 | 10 of 130 | 0.8% | Exited by Q2 2020 | +32% |
| INDA ISHARES TR | Q1 2019 | 10 of 91 | 0.01% | Exited by Q3 2020 | −18% |
| MCHI ISHARES TR | Q2 2019 | 3 of 58 | 0.2% | Exited by Q2 2025 | −8.5% |
| PDD PDD HOLDINGS INC | Q2 2019 | 15 of 205 | 0.02% | Exited 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