WhaleCreep

Bridgewater Associates, LP 13F holdings, Q3 2020

Hedge fundSEC filingsCompare with another fundHoldings as of 2020-09-30, filed 2020-11-13

Bridgewater Associates, LP disclosed 430 US equity positions worth $8.3bn in its Q3 2020 13F filing. Its largest position is SPY at 16.0% of the reported book, followed by GLD and VWO. Versus Q2 2020 it opened 131 new positions, added to 276, reduced 17 and exited 84.

$8.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
430
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
16.0%
Largest position
The largest single position as a share of the reported equity book.
53.5%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
19
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 2020: 131 new, 276 added, 17 reduced, 84 exited

50 of 430
SPY SPDR S&P 500 ETF Trust–16.0%$1.3bn3.97m−21%reduced
GLD SPDR GOLD TRUST–11.6%$968m5.46m0.0%held
VWO VANGUARD INTL EQUITY INDEX F–6.6%$548m12.67m+13%added
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical4.7%$392m1.33m+40%added
IAU ISHARES GOLD TRUST–3.4%$284m15.80m0.0%held
IVV ISHARES TR–2.5%$207m615,285−63%reduced
WMT WALMART INCConsumer Defensive2.3%$195m1.39m–new
EEM ISHARES TR–2.3%$192m4.36m+233%added
PG PROCTER & GAMBLE COConsumer Defensive2.0%$170m1.23m–new
IEMG ISHARES INC–2.0%$167m3.16m+77%added
FXI ISHARES TR–1.9%$155m3.69m−23%reduced
VEA VANGUARD TAX-MANAGED FDS–1.8%$149m3.65m−1.7%reduced
EFA ISHARES TR–1.8%$147m2.30m−1.7%reduced
LQD ISHARES TR–1.8%$146m1.09m+6.5%added
IEFA ISHARES TR–1.6%$135m2.24m−1.7%reduced
JD JD.COM INCConsumer Cyclical1.6%$129m1.67m+20%added
MCHI ISHARES TR–1.5%$126m1.70m−26%reduced
KO COCA COLA COConsumer Defensive1.2%$100m2.03m–new
JNJ JOHNSON & JOHNSONHealthcare1.2%$99.1m665,402–new
PEP PEPSICO INCConsumer Defensive1.2%$96.2m693,736–new
PDD PDD HOLDINGS INCConsumer Cyclical1.0%$81.2m1.09m+47%added
COST COSTCO WHOLESALE CORPORATIONConsumer Defensive0.9%$77.6m218,662+10047%added
MCD MCDONALDS CORPConsumer Cyclical0.9%$77.0m350,908–new
NTES NETEASE COM INCCommunication Services0.8%$69.1m151,920−1.3%reduced
EWT ISHARES INC–0.8%$64.5m1.44m−2.4%reduced
BIDU BAIDU INCCommunication Services0.7%$61.5m486,021+46%added
TAL TAL EDUCATION GROUPConsumer Defensive0.6%$52.1m684,733+53%added
ABT ABBOTT LABORATORIESHealthcare0.6%$47.2m433,463–new
SBUX STARBUCKS CORPConsumer Cyclical0.6%$47.0m547,388+4524%added
NEW ORIENTAL ED & TECHNOLOGY no ticker–0.5%$42.3m283,217+46%added
MDLZ MONDELEZ INTL INCConsumer Defensive0.5%$39.4m686,216–new
EL LAUDER ESTEE COS INCConsumer Defensive0.5%$38.3m175,579–new
TGT TARGET CORPConsumer Defensive0.5%$38.2m242,771+1655%added
DHR DANAHER CORP DELHealthcare0.4%$37.2m172,543–new
YUMC YUM CHINA HLDGS INCConsumer Cyclical0.4%$35.1m663,645+51%added
NIO NIO INCConsumer Cyclical0.4%$33.3m1.57m+83%added
CL COLGATE PALMOLIVE COConsumer Defensive0.4%$32.9m426,955–new
TCOM TRIP COM GROUP LTDConsumer Cyclical0.4%$30.9m993,306+49%added
ZTO ZTO EXPRESS CAYMAN INCIndustrials0.3%$27.8m928,258+53%added
DG DOLLAR GEN CORPConsumer Defensive0.3%$25.6m122,107+1622%added
KMB KIMBERLY-CLARK CORPConsumer Defensive0.3%$24.9m168,674–new
UPS UNITED PARCEL SERVICE INCIndustrials0.3%$21.1m126,862+127%added
WDAY WORKDAY INCTechnology0.2%$20.8m96,598+113%added
HTHT H WORLD GROUP LTDConsumer Cyclical0.2%$20.7m478,118+44%added
GDS GDS HLDGS LTDTechnology0.2%$20.5m251,078+53%added
ATHM AUTOHOME INCCommunication Services0.2%$20.4m212,394+46%added
VEEV VEEVA SYS INCHealthcare0.2%$20.2m71,728–new
MNST MONSTER BEVERAGE CORP NEWConsumer Defensive0.2%$19.8m247,383–new
CVS CVS HEALTH CORPHealthcare0.2%$19.5m333,804+2325%added
SYK STRYKER CORPORATIONHealthcare0.2%$18.9m90,840+565%added

Exited since Q2 2020

84 rows
WUBAUSD 58 COM INC0.1%$6.8m
INDA ISHARES TR0.1%$6.1m
LMT LOCKHEED MARTIN CORP0.06%$3.7m
PM PHILIP MORRIS INTL INC0.05%$3.2m
FIS FIDELITY NATL INFORMATION SV0.05%$3.0m
MO ALTRIA GROUP INC0.04%$2.7m
CI THE CIGNA GROUP0.04%$2.4m
FISV FISERV INC0.04%$2.4m
ADP AUTOMATIC DATA PROCESSING IN0.04%$2.3m
AMT AMERICAN TOWER CORP0.03%$2.1m
TMUS T-MOBILE US INC0.03%$2.0m
NOC NORTHROP GRUMMAN CORP0.03%$1.9m
HUM HUMANA INC0.03%$1.9m
CCI CROWN CASTLE INC0.03%$1.7m
PGR PROGRESSIVE CORP0.03%$1.7m
TJX TJX COS INC NEW0.03%$1.7m
WM WASTE MGMT INC DEL0.03%$1.6m
GD GENERAL DYNAMICS CORP0.03%$1.6m
ELV ELEVANCE HEALTH INC0.02%$1.3m
PSA PUBLIC STORAGE0.02%$1.2m
ALL ALLSTATE CORP0.02%$1.1m
TRV TRAVELERS COMPANIES INC0.02%$1.1m
CTAS CINTAS CORP0.02%$1.0m
PAYX PAYCHEX INC0.02%$989k
DLR DIGITAL RLTY TR INC0.02%$982k
RSG REPUBLIC SVCS INC0.02%$950k
ORLY OREILLY AUTOMOTIVE INC0.01%$869k
SBAC SBA COMMUNICATIONS CORP0.01%$849k
EQR EQUITY RESIDENTIAL0.01%$797k
AVBC AVALONBAY CMNTYS INC0.01%$792k
EFX EQUIFAX INC0.01%$760k
AZO AUTOZONE INC0.01%$751k
CPRT COPART INC0.01%$704k
AEP AMERICAN ELEC PWR CO INC0.01%$651k
WCN WASTE CONNECTIONS INC0.01%$581k
XEL XCEL ENERGY INC0.01%$554k
CPB THE CAMPBELLS COMPANY0.01%$545k
DOC HEALTHPEAK PROPERTIES INC0.01%$541k
ROL ROLLINS INC0.01%$506k
SRE SEMPRA0.01%$485k
ES EVERSOURCE ENERGY0.01%$474k
WEC WEC ENERGY GROUP INC0.01%$468k
MKL MARKEL GROUP INC0.01%$464k
CDW CDW CORP0.01%$456k
LDOS LEIDOS HOLDINGS INC0.01%$434k
ARCH CAP GROUP LTD no ticker0.01%$423k
PEG PUBLIC SVC ENTERPRISE GROUP0.01%$419k
ED CONSOLIDATED EDISON INC0.01%$416k
UDR UDR INC0.01%$401k
AWK AMERICAN WTR WKS CO INC NEW0.01%$385k

Sector mix

  • Unclassified58.4%
  • Consumer Defensive14.1%
  • Consumer Cyclical13.0%
  • Healthcare5.0%
  • Industrials2.9%
  • Communication Services2.8%
  • Technology2.4%
  • Basic Materials1.1%
  • Real Estate0.2%
  • Financial Services0.1%
  • Energy0.01%

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