Bridgewater Associates, LP 13F holdings, Q4 2020
Bridgewater Associates, LP disclosed 525 US equity positions worth $11.6bn in its Q4 2020 13F filing. Its largest position is SPY at 11.9% of the reported book, followed by VWO and GLD. Versus Q3 2020 it opened 169 new positions, added to 234, reduced 121 and exited 74.
- $11.6bn
- Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
- 525
- Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
- 11.9%
- Largest position The largest single position as a share of the reported equity book.
- 42.7%
- Top 10 weight The ten largest positions together, as a share of the reported equity book.
- 33
- 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 2020: 169 new, 234 added, 121 reduced, 74 exited
| SPY SPDR S&P 500 ETF Trust | 11.9% | −7.1% | reduced |
| VWO VANGUARD INTL EQUITY INDEX F | 5.7% | +4.0% | added |
| GLD SPDR GOLD TRUST | 4.6% | −45% | reduced |
| WMT WALMART INC | 3.8% | +121% | added |
| PG PROCTER & GAMBLE CO | 3.2% | +120% | added |
| BABA ALIBABA GROUP HLDG LTD | 3.2% | +20% | added |
| IEMG ISHARES INC | 2.9% | +70% | added |
| IVV ISHARES TR | 2.6% | +30% | added |
| IAU ISHARES GOLD TRUST | 2.4% | −2.0% | reduced |
| PDD PDD HOLDINGS INC | 2.2% | +30% | added |
| KO COCA COLA CO | 2.2% | +123% | added |
| JNJ JOHNSON & JOHNSON | 2.0% | +121% | added |
| PEP PEPSICO INC | 1.9% | +113% | added |
| EEM ISHARES TR | 1.7% | −12% | reduced |
| COST COSTCO WHOLESALE CORPORATION | 1.6% | +122% | added |
| MCD MCDONALDS CORP | 1.4% | +119% | added |
| FXI ISHARES TR | 1.4% | −3.8% | reduced |
| VEA VANGUARD TAX-MANAGED FDS | 1.4% | −6.8% | reduced |
| EFA ISHARES TR | 1.4% | −6.8% | reduced |
| LQD ISHARES TR | 1.3% | +1.3% | added |
| JD JD.COM INC | 1.3% | +2.7% | added |
| IEFA ISHARES TR | 1.2% | −6.8% | reduced |
| MCHI ISHARES TR | 1.2% | −3.0% | reduced |
| SBUX STARBUCKS CORP | 1.1% | +118% | added |
| BIDU BAIDU INC | 0.9% | +3.2% | added |
| EL LAUDER ESTEE COS INC | 0.9% | +115% | added |
| ABT ABBOTT LABORATORIES | 0.9% | +111% | added |
| NIO NIO INC | 0.8% | +25% | added |
| TGT TARGET CORP | 0.8% | +122% | added |
| DHR DANAHER CORP DEL | 0.8% | +142% | added |
| MDLZ MONDELEZ INTL INC | 0.7% | +115% | added |
| EWT ISHARES INC | 0.7% | +3.3% | added |
| CL COLGATE PALMOLIVE CO | 0.7% | +111% | added |
| CVS CVS HEALTH CORP | 0.5% | +145% | added |
| DG DOLLAR GEN CORP | 0.5% | +114% | added |
| ISRG INTUITIVE SURGICAL INC | 0.5% | +151% | added |
| MNST MONSTER BEVERAGE CORP NEW | 0.5% | +135% | added |
| JPM JPMORGAN CHASE & CO | 0.5% | – | new |
| NEW ORIENTAL ED & TECHNOLOGY no ticker | 0.5% | −0.8% | reduced |
| TAL TAL EDUCATION GROUP | 0.4% | +5.9% | added |
| KMB KIMBERLY-CLARK CORP | 0.4% | +111% | added |
| BEKE KE HLDGS INC | 0.4% | +799% | added |
| SYK STRYKER CORPORATION | 0.4% | +108% | added |
| VEEV VEEVA SYS INC | 0.4% | +130% | added |
| NTES NETEASE COM INC | 0.4% | +204% | added |
| STZ CONSTELLATION BRANDS INC | 0.4% | +109% | added |
| KHC KRAFT HEINZ CO | 0.4% | +117% | added |
| BAC BANK OF AMER CORP | 0.4% | – | new |
| CMG CHIPOTLE MEXICAN GRILL INC | 0.4% | +132% | added |
| YUMC YUM CHINA HLDGS INC | 0.4% | +10% | added |
Exited since Q3 2020
| TSLA TESLA INC | 0.2% | $15.3m |
| LULU LULULEMON ATHLETICA INC | 0.1% | $11.2m |
| LOW LOWES COS INC | 0.1% | $10.8m |
| SHW SHERWIN WILLIAMS CO | 0.1% | $10.8m |
| JCI JOHNSON CONTROLS INTERNATION | 0.10% | $7.9m |
| HD HOME DEPOT INC | 0.08% | $6.6m |
| LVGO LIVONGO HEALTH INC | 0.08% | $6.5m |
| DD DUPONT DE NEMOURS INC | 0.07% | $6.0m |
| ECL ECOLAB INC | 0.07% | $5.8m |
| KMX CARMAX INC | 0.05% | $3.9m |
| MAS MASCO CORP | 0.04% | $3.7m |
| LVS LAS VEGAS SANDS CORP | 0.04% | $3.6m |
| IFF INTERNATIONAL FLAVORS&FRAGRA | 0.04% | $3.5m |
| CE Celanese Corp | 0.04% | $3.4m |
| PHM PULTE GROUP INC | 0.04% | $3.3m |
| FBIN FORTUNE BRANDS INNOVATIONS I | 0.04% | $3.2m |
| WHR WHIRLPOOL CORP | 0.04% | $3.0m |
| HDSUSD HD SUPPLY HLDGS INC | 0.03% | $2.8m |
| LII LENNOX INTL INC | 0.03% | $2.7m |
| ALB ALBEMARLE CORP | 0.03% | $2.5m |
| F FORD MTR CO | 0.03% | $2.4m |
| AAP ADVANCE AUTO PARTS INC | 0.03% | $2.4m |
| ALLE ALLEGION PLC | 0.03% | $2.4m |
| AOS SMITH A O CORP | 0.03% | $2.2m |
| BWA BORGWARNER INC | 0.03% | $2.1m |
| OC Owens Corning Inc | 0.02% | $2.0m |
| POOL POOL CORP | 0.02% | $1.9m |
| WSM WILLIAMS SONOMA INC | 0.02% | $1.9m |
| GM General Motors Corp | 0.02% | $1.9m |
| MHK MOHAWK INDS INC | 0.02% | $1.8m |
| KNX KNIGHT-SWIFT TRANSN HLDGS IN | 0.02% | $1.8m |
| NAV NAVISTAR INTL CORP NEW | 0.02% | $1.8m |
| HPQ HP INC | 0.02% | $1.7m |
| ALV AUTOLIV INC | 0.02% | $1.7m |
| GNTX GENTEX CORP | 0.02% | $1.6m |
| TOL TOLL BROTHERS INC | 0.02% | $1.6m |
| HN9 HANESBRANDS INC | 0.02% | $1.5m |
| LEG LEGGETT & PLATT INC | 0.02% | $1.4m |
| THO THOR INDS INC | 0.02% | $1.4m |
| AXALTA COATING SYS LTD no ticker | 0.02% | $1.4m |
| RCL ROYAL CARIBBEAN CRUISES LTD | 0.02% | $1.4m |
| UAA UNDER ARMOUR INC | 0.02% | $1.3m |
| RL RALPH LAUREN CORP | 0.02% | $1.3m |
| AN AUTONATION INC | 0.01% | $1.2m |
| SGI SOMNIGROUP INTERNATIONAL INC | 0.01% | $1.2m |
| CCL CARNIVAL CORP | 0.01% | $1.1m |
| TPR TAPESTRY INC | 0.01% | $1.1m |
| ASH ASHLAND INC | 0.01% | $1.1m |
| PVH PVH CORPORATION | 0.01% | $1.1m |
| CRI CARTERS INC | 0.01% | $1.0m |
| UAL UNITED AIRLINES HLDGS INC | 0.01% | $969k |
| TRN Trinity Industries Inc | 0.01% | $954k |
| KBH KB HOME | 0.01% | $923k |
| GATX GATX CORP | 0.01% | $920k |
| KMT KENNAMETAL INC | 0.01% | $819k |
| OLN OLIN CORP | 0.01% | $806k |
| MDC1USD M D C HLDGS INC | 0.01% | $793k |
| COLM COLUMBIA SPORTSWEAR CO | 0.01% | $744k |
| CARR CARRIER GLOBAL CORPORATION | 0.01% | $732k |
| CPRI CAPRI HOLDINGS LIMITED | 0.01% | $719k |
| GRA1EUR GRACE W R & CO DEL NEW | 0.01% | $693k |
| USX1 UNITED STATES STL CORP NEW | 0.01% | $669k |
| CBT CABOT CORP | 0.01% | $631k |
| R RYDER SYS INC | 0.01% | $604k |
| OVV OVINTIV INC | 0.01% | $535k |
| M Macy's, Inc | 0.01% | $530k |
| VC VISTEON CORP | 0.01% | $504k |
| HUN HUNTSMAN CORP | 0.01% | $488k |
| JBL JABIL INC | 0.01% | $487k |
| GT GOODYEAR TIRE & RUBR CO | 0.01% | $475k |
| ADNT ADIENT PLC | 0.01% | $432k |
| CTB COOPER TIRE & RUBR CO | 0.01% | $423k |
| CRS CARPENTER TECHNOLOGY CORP | 0.0% | $358k |
| AVT AVNET INC | 0.0% | $255k |
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