WhaleCreep

Bridgewater Associates, LP 13F holdings, Q4 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-12-31, filed 2024-02-14

Bridgewater Associates, LP disclosed 742 US equity positions worth $17.9bn in its Q4 2023 13F filing. Its largest position is IVV at 5.7% of the reported book, followed by IEMG and PG. Versus Q3 2023 it opened 87 new positions, added to 258, reduced 377 and exited 85.

$17.9bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
742
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.7%
Largest position
The largest single position as a share of the reported equity book.
31.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
66
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 2023: 87 new, 258 added, 377 reduced, 85 exited

50 of 742
IVV ISHARES TR–5.7%$1.0bn2.12m+3.8%added
IEMG ISHARES INC–5.3%$945m18.69m−2.6%reduced
PG PROCTER & GAMBLE COConsumer Defensive3.8%$680m4.64m−3.3%reduced
KO COCA COLA COConsumer Defensive2.6%$472m8.00m−11%reduced
COST COSTCO WHOLESALE CORPORATIONConsumer Defensive2.5%$454m687,572−17%reduced
JNJ JOHNSON & JOHNSONHealthcare2.4%$435m2.77m+1.8%added
PEP PEPSICO INCConsumer Defensive2.3%$415m2.44m−8.9%reduced
MCD MCDONALDS CORPConsumer Cyclical2.3%$402m1.36m−8.5%reduced
WMT WALMART INCConsumer Defensive2.2%$401m2.54m−5.5%reduced
SPY SPDR S&P 500 ETF Trust–2.2%$391m823,251−17%reduced
PDD PDD HOLDINGS INCConsumer Cyclical2.0%$357m2.44m−10%reduced
GOOGL ALPHABET INCCommunication Services1.6%$286m2.04m+29%added
V VISA INCFinancial Services1.6%$283m1.09m+28%added
CVS CVS HEALTH CORPHealthcare1.4%$241m3.05m+5.7%added
META META PLATFORMS INCCommunication Services1.3%$236m666,059+7.1%added
SBUX STARBUCKS CORPConsumer Cyclical1.3%$232m2.42m−4.4%reduced
VWO VANGUARD INTL EQUITY INDEX F–1.2%$221m5.37m−10%reduced
MRK MERCK & CO. INCHealthcare1.2%$213m1.96m+21%added
ABT ABBOTT LABORATORIESHealthcare1.2%$209m1.90m−8.5%reduced
LLY ELI LILLY & COHealthcare1.0%$185m317,586+413%added
MDLZ MONDELEZ INTL INCConsumer Defensive1.0%$176m2.43m−1.3%reduced
CMCSA COMCAST CORP NEWCommunication Services1.0%$173m3.94m+73%added
MCK MCKESSON CORPHealthcare0.9%$155m335,265+2.0%added
ISRG INTUITIVE SURGICAL INCHealthcare0.8%$141m419,035−17%reduced
MBB ISHARES TR–0.8%$137m1.45m−2.0%reduced
NVDA NVIDIA CORPORATIONTechnology0.7%$133m268,489+458%added
BKNG BOOKING HOLDINGS INCConsumer Cyclical0.7%$130m36,694−6.3%reduced
CMG CHIPOTLE MEXICAN GRILL INCConsumer Cyclical0.7%$124m54,194−27%reduced
CL COLGATE PALMOLIVE COConsumer Defensive0.7%$123m1.55m−9.0%reduced
SYK STRYKER CORPORATIONHealthcare0.7%$121m405,048−2.0%reduced
MA MASTERCARD INCFinancial Services0.7%$118m276,189+74%added
HCA HCA HEALTHCARE INCHealthcare0.6%$115m426,276+13%added
CI THE CIGNA GROUPHealthcare0.6%$112m373,690+69%added
TGT TARGET CORPConsumer Defensive0.6%$111m776,047−4.5%reduced
LQD ISHARES TR–0.6%$106m960,000−2.9%reduced
BSX BOSTON SCIENTIFIC CORPHealthcare0.6%$102m1.76m+1.3%added
FXI ISHARES TR–0.6%$99.5m4.14m+1.2%added
CSCO CISCO SYS INCTechnology0.5%$97.1m1.92m+15%added
REGN REGENERON PHARMACEUTICALSHealthcare0.5%$96.7m110,132+81%added
EWZ ISHARES INC–0.5%$96.2m2.75m–new
ABBV ABBVIE INCHealthcare0.5%$94.1m606,893+5.4%added
PM PHILIP MORRIS INTL INCConsumer Defensive0.5%$92.5m983,247+11%added
MNST MONSTER BEVERAGE CORP NEWConsumer Defensive0.5%$90.7m1.57m−31%reduced
PYPL PAYPAL HLDGS INCFinancial Services0.5%$88.6m1.44m+2.9%added
KR KROGER COConsumer Defensive0.5%$88.3m1.93m−5.7%reduced
VEEV VEEVA SYS INCHealthcare0.5%$86.8m450,835−3.1%reduced
FISV FISERV INC–0.5%$85.6m644,315+66%added
DLTR DOLLAR TREE INCConsumer Defensive0.5%$82.9m583,782−4.4%reduced
MCHI ISHARES TR–0.4%$80.4m1.97m+1.6%added
KMB KIMBERLY-CLARK CORPConsumer Defensive0.4%$79.3m652,830−6.6%reduced

Exited since Q3 2023

85 rows
NFLX NETFLIX INC.0.2%$35.9m
TMO THERMO FISHER SCIENTIFIC INC0.1%$21.3m
MCHP MICROCHIP TECHNOLOGY INC.0.07%$12.1m
KEYS KEYSIGHT TECHNOLOGIES INC0.06%$9.5m
AKAM AKAMAI TECHNOLOGIES INC0.06%$9.4m
HORIZON THERAPEUTICS PUB L no ticker0.05%$8.9m
CEG CONSTELLATION ENERGY CORP0.05%$8.5m
TWNKEUR HOSTESS BRANDS INC0.05%$8.5m
SU SUNCOR ENERGY INC NEW0.05%$8.3m
DECK DECKERS OUTDOOR CORP0.05%$8.2m
PTEN PATTERSON-UTI ENERGY INC0.04%$7.4m
CLF CLEVELAND CLIFFS INC0.04%$6.8m
RS RELIANCE INC0.04%$6.5m
MNSO MINISO GROUP HLDG LTD0.03%$5.8m
SM SM ENERGY COMPANY0.03%$5.6m
CPRI CAPRI HOLDINGS LIMITED0.03%$4.9m
HUN HUNTSMAN CORP0.02%$3.9m
COLM COLUMBIA SPORTSWEAR CO0.02%$3.8m
UNFI UNITED NAT FOODS INC0.02%$3.6m
EXPRO GROUP HOLDINGS NV no ticker0.02%$3.6m
Z ZILLOW GROUP INC0.02%$3.6m
QGEN QIAGEN NV0.02%$3.3m
LIBERTY MEDIA CORP DEL no ticker0.02%$3.0m
AVTR AVANTOR INC0.02%$3.0m
SEDG SOLAREDGE TECHNOLOGIES INC0.02%$2.9m
BE BLOOM ENERGY CORP0.02%$2.8m
NXE NEXGEN ENERGY LTD0.02%$2.7m
NEWREUR NEW RELIC INC0.02%$2.7m
NTR NUTRIEN LTD0.01%$2.4m
QSIIEUR NEXTGEN HEALTHCARE INC0.01%$2.3m
CBT CABOT CORP0.01%$2.2m
VMWEUR VMWARE INC0.01%$2.1m
EFOR EVERFORTH INC0.01%$2.1m
PLUG PLUG POWER INC0.01%$2.0m
PRGS PROGRESS SOFTWARE CORP0.01%$2.0m
MDRX VERADIGM INC0.01%$1.8m
DNUT KRISPY KREME INC0.01%$1.7m
WRKUSD WESTROCK CO0.01%$1.7m
MOS MOSAIC CO0.01%$1.7m
GLPI GAMING & LEISURE P0.01%$1.6m
OXY OCCIDENTAL PETE CORP0.01%$1.6m
SRE SEMPRA0.01%$1.6m
SKT TANGER INC0.01%$1.4m
CSG SYS INTL INC no ticker0.01%$1.4m
COF CAPITAL ONE FINL CORP0.01%$1.3m
RLI RLI CORP0.01%$1.3m
WAB WABTEC0.01%$1.3m
WTRG ESSENTIAL UTILS INC0.01%$1.3m
LMT LOCKHEED MARTIN CORP0.01%$1.1m
LITE LUMENTUM HLDGS INC0.01%$1.1m

Sector mix

  • Consumer Defensive23.4%
  • Unclassified20.7%
  • Healthcare20.0%
  • Consumer Cyclical12.1%
  • Financial Services6.5%
  • Communication Services5.3%
  • Technology4.5%
  • Industrials2.6%
  • Energy2.3%
  • Basic Materials1.0%
  • Real Estate0.9%
  • Utilities0.7%

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