WhaleCreep

Bridgewater Associates, LP 13F holdings, Q2 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-06-30, filed 2023-08-11

Bridgewater Associates, LP disclosed 696 US equity positions worth $16.2bn in its Q2 2023 13F filing. Its largest position is IVV at 5.5% of the reported book, followed by IEMG and PG. Versus Q1 2023 it opened 79 new positions, added to 257, reduced 325 and exited 93.

$16.2bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
696
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.5%
Largest position
The largest single position as a share of the reported equity book.
35.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
58
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 2023: 79 new, 257 added, 325 reduced, 93 exited

50 of 696
IVV ISHARES TR–5.5%$897m2.01m+10%added
IEMG ISHARES INC–5.5%$884m17.93m+0.4%held
PG PROCTER & GAMBLE COConsumer Defensive4.3%$700m4.62m−6.6%reduced
JNJ JOHNSON & JOHNSONHealthcare3.3%$527m3.18m−11%reduced
KO COCA COLA COConsumer Defensive3.1%$495m8.21m+0.9%added
PEP PEPSICO INCConsumer Defensive2.9%$475m2.57m−8.6%reduced
SPY SPDR S&P 500 ETF Trust–2.8%$459m1.04m−16%reduced
COST COSTCO WHOLESALE CORPORATIONConsumer Defensive2.7%$435m807,709−6.2%reduced
MCD MCDONALDS CORPConsumer Cyclical2.6%$423m1.42m−7.8%reduced
WMT WALMART INCConsumer Defensive2.5%$403m2.56m−4.0%reduced
VWO VANGUARD INTL EQUITY INDEX F–2.0%$319m7.85m−7.3%reduced
SBUX STARBUCKS CORPConsumer Cyclical1.7%$269m2.72m+9.2%added
V VISA INCFinancial Services1.5%$242m1.02m+2.7%added
GOOGL ALPHABET INCCommunication Services1.4%$235m1.96m−15%reduced
ABT ABBOTT LABORATORIESHealthcare1.2%$199m1.82m−16%reduced
PDD PDD HOLDINGS INCConsumer Cyclical1.2%$189m2.73m+27%added
CVS CVS HEALTH CORPHealthcare1.1%$186m2.69m+8.6%added
MDLZ MONDELEZ INTL INCConsumer Defensive1.1%$176m2.41m+7.7%added
MRK MERCK & CO. INCHealthcare1.0%$157m1.36m+49%added
META META PLATFORMS INCCommunication Services1.0%$154m537,637−46%reduced
CMG CHIPOTLE MEXICAN GRILL INCConsumer Cyclical0.9%$144m67,166−4.6%reduced
ISRG INTUITIVE SURGICAL INCHealthcare0.9%$140m410,150−21%reduced
MBB ISHARES TR–0.8%$136m1.45m−1.2%reduced
CL COLGATE PALMOLIVE COConsumer Defensive0.8%$126m1.64m−3.8%reduced
MCK MCKESSON CORPHealthcare0.8%$125m292,543+4.6%added
SYK STRYKER CORPORATIONHealthcare0.7%$118m385,737−8.9%reduced
BKNG BOOKING HOLDINGS INCConsumer Cyclical0.7%$116m43,039+3.7%added
MNST MONSTER BEVERAGE CORP NEWConsumer Defensive0.7%$109m1.90m+2.8%added
LQD ISHARES TR–0.6%$105m969,800+0.1%held
PYPL PAYPAL HLDGS INCFinancial Services0.6%$100m1.50m−3.3%reduced
EL LAUDER ESTEE COS INCConsumer Defensive0.6%$100.0m509,159+24%added
VEEV VEEVA SYS INCHealthcare0.6%$97.7m493,959+3.0%added
BSX BOSTON SCIENTIFIC CORPHealthcare0.6%$94.0m1.74m−10%reduced
HCA HCA HEALTHCARE INCHealthcare0.6%$91.9m302,743−11%reduced
KMB KIMBERLY-CLARK CORPConsumer Defensive0.6%$90.0m652,059−4.0%reduced
FXI ISHARES TR–0.5%$88.2m3.24m+198%added
MSFT MICROSOFT CORPTechnology0.5%$87.7m257,5700.0%held
BDX BECTON DICKINSON & COHealthcare0.5%$86.9m328,985−12%reduced
CMCSA COMCAST CORP NEWCommunication Services0.5%$86.8m2.09m+16%added
ABBV ABBVIE INCHealthcare0.5%$85.5m634,305+54%added
DLTR DOLLAR TREE INCConsumer Defensive0.5%$84.9m591,525+12%added
KR KROGER COConsumer Defensive0.5%$83.8m1.78m+12%added
GIS GENERAL MILLS INCConsumer Defensive0.5%$81.6m1.06m−11%reduced
PM PHILIP MORRIS INTL INCConsumer Defensive0.5%$79.5m814,585+82%added
TGT TARGET CORPConsumer Defensive0.5%$78.4m594,701−10%reduced
EW EDWARDS LIFESCIENCES CORPHealthcare0.5%$73.8m782,284−17%reduced
REGN REGENERON PHARMACEUTICALSHealthcare0.4%$72.5m100,933+56%added
BMY BRISTOL-MYERS SQUIBB COHealthcare0.4%$71.8m1.12m+75%added
DG DOLLAR GEN CORPConsumer Defensive0.4%$70.9m417,371−1.7%reduced
HSY HERSHEY COConsumer Defensive0.4%$68.9m275,968−9.6%reduced

Exited since Q1 2023

93 rows
GLD SPDR GOLD TRUST1.0%$162m
HD HOME DEPOT INC0.3%$43.5m
FTCHQ FARFETCH LTD0.1%$16.4m
VRSK VERISK ANALYTICS INC0.09%$14.0m
EXR EXTRA SPACE STORAGE INC0.07%$12.0m
NFLX NETFLIX INC.0.07%$11.7m
AVGO BROADCOM INC0.06%$10.2m
CANADIAN PAC RY LTD no ticker0.05%$9.0m
FHN FIRST HORIZON CORPORATION0.05%$8.5m
AIG American International Group0.05%$7.9m
OLLI OLLIES BARGAIN OUTLET HLDGS0.05%$7.4m
AMT AMERICAN TOWER CORP0.04%$6.5m
FUTU FUTU HLDGS LTD0.04%$6.3m
RS RELIANCE INC0.03%$5.0m
SSS1EUR LIFE STORAGE INC0.03%$4.6m
BKIEUR BLACK KNIGHT INC0.03%$4.4m
WCC WESCO INTL INC0.03%$4.2m
GRAB HOLDINGS LIMITED no ticker0.02%$4.1m
DOW DOW HLDGS INC0.02%$4.1m
ZBRA ZEBRA TECHNOLOGIES CORP0.02%$3.9m
USB US BANCORP0.02%$3.5m
GNW GENWORTH FINL INC0.02%$3.1m
UFPI UFP INDUSTRIES INC0.02%$3.0m
D0A DADA NEXUS LTD0.02%$3.0m
WEC WEC ENERGY GROUP INC0.02%$2.9m
CCOI COGENT COMMUNICATIONS HLDGS0.02%$2.5m
BILL BILL HOLDINGS INC0.01%$2.3m
QRVO QORVO INC0.01%$2.3m
CRUS CIRRUS LOGIC INC0.01%$2.2m
EA ELECTRONIC ARTS INC0.01%$2.2m
AR ANTERO RESOURCES CORP0.01%$2.2m
EPC EDGEWELL PERSONAL CARE CO0.01%$2.2m
FBIN FORTUNE BRANDS INNOVATIONS I0.01%$2.1m
MOMO HELLO GROUP INC0.01%$2.0m
ODFL OLD DOMINION FREIGHT LINE IN0.01%$1.8m
PVH PVH CORPORATION0.01%$1.8m
WBA WALGREENS BOOTS ALLIANCE INC0.01%$1.6m
RGLD ROYAL GOLD INC0.01%$1.6m
AGNC AGNC INVT CORP0.01%$1.4m
AAP ADVANCE AUTO PARTS INC0.01%$1.4m
ZHIHU INC no ticker0.01%$1.3m
HSKAEUR HESKA CORP0.01%$1.2m
ACCENTURE PLC IRELAND no ticker0.01%$1.2m
SMTC SEMTECH CORP0.01%$1.1m
MLAB MESA LABS INC0.01%$1.1m
OSH3USD OAK STR HEALTH INC0.01%$1.0m
AMCX AMC GLOBAL MEDIA INC0.01%$1.0m
NRC NRC HEALTH0.01%$1.0m
MCHP MICROCHIP TECHNOLOGY INC.0.01%$1.0m
CSIIEUR CARDIOVASCULAR SYS INC DEL0.01%$985k

Sector mix

  • Consumer Defensive27.0%
  • Unclassified21.3%
  • Healthcare21.0%
  • Consumer Cyclical11.7%
  • Financial Services5.4%
  • Communication Services4.3%
  • Technology3.7%
  • Industrials1.7%
  • Energy1.5%
  • Real Estate1.2%
  • Basic Materials1.0%
  • Utilities0.2%

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