WhaleCreep

Bridgewater Associates, LP 13F holdings, Q1 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-03-31, filed 2025-05-14

Bridgewater Associates, LP disclosed 664 US equity positions worth $21.6bn in its Q1 2025 13F filing. Its largest position is SPY at 8.7% of the reported book, followed by IVV and IEMG. Versus Q4 2024 it opened 123 new positions, added to 282, reduced 251 and exited 150.

$21.6bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
664
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
8.7%
Largest position
The largest single position as a share of the reported equity book.
31.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
53
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 Q4 2024: 123 new, 282 added, 251 reduced, 150 exited

50 of 664
SPY SPDR S&P 500 ETF Trust–8.7%$1.9bn3.34m−59%reduced
IVV ISHARES TR–5.7%$1.2bn2.18m+6.7%added
IEMG ISHARES INC–4.7%$1.0bn18.96m+7.4%added
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical3.5%$748m5.66m+2120%added
GOOGL ALPHABET INCCommunication Services2.2%$470m3.04m−16%reduced
GLD SPDR GOLD TRUST–1.5%$319m1.11m–new
BKNG BOOKING HOLDINGS INCConsumer Cyclical1.4%$309m67,067+112%added
NVDA NVIDIA CORPORATIONTechnology1.4%$308m2.84m−19%reduced
MSFT MICROSOFT CORPTechnology1.4%$304m809,435+21%added
CRM SALESFORCE INCTechnology1.3%$280m1.04m+107%added
FISV FISERV INC–1.2%$257m1.16m+79%added
AMZN AMAZON COM INCConsumer Cyclical1.2%$252m1.32m+44%added
META META PLATFORMS INCCommunication Services1.1%$245m425,614−31%reduced
WFC WELLS FARGO & COFinancial Services1.1%$245m3.42m+77%added
V VISA INCFinancial Services1.1%$244m696,101+14%added
PYPL PAYPAL HLDGS INCFinancial Services1.1%$235m3.60m+52%added
ADBE ADOBE INCTechnology1.0%$224m583,311+147%added
AMD ADVANCED MICRO DEVICES INCTechnology1.0%$222m2.16m+20%added
AAPL APPLE INCTechnology1.0%$209m940,419+52%added
PDD PDD HOLDINGS INCConsumer Cyclical1.0%$206m1.74m+40%added
MO ALTRIA GROUP INCConsumer Defensive0.9%$199m3.31m+24%added
BIDU BAIDU INCCommunication Services0.9%$191m2.08m+956%added
VST VISTRA CORPUtilities0.9%$191m1.63m−8.3%reduced
FTNT FORTINET INCTechnology0.9%$190m1.98m+112%added
CEG CONSTELLATION ENERGY CORPUtilities0.9%$190m941,659−0.5%held
GEV GE VERNOVA LLCIndustrials0.9%$190m620,763+157%added
CMCSA COMCAST CORP NEWCommunication Services0.9%$188m5.09m+70%added
NOW SERVICENOW INCTechnology0.9%$187m234,932+317%added
CI THE CIGNA GROUPHealthcare0.8%$178m541,182−6.6%reduced
QCOM QUALCOMM INCTechnology0.8%$167m1.09m+21%added
AVGO BROADCOM INCTechnology0.7%$157m936,752+43%added
EXPE EXPEDIA GROUP INCConsumer Cyclical0.7%$151m897,803+5.1%added
HCA HCA HEALTHCARE INCHealthcare0.7%$148m428,726−8.9%reduced
PANW PALO ALTO NETWORKS INCTechnology0.7%$145m848,233+27131%added
MET METLIFE INCFinancial Services0.7%$144m1.79m+49%added
C CITIGROUP INCFinancial Services0.7%$143m2.01m+28%added
BMY BRISTOL-MYERS SQUIBB COHealthcare0.7%$143m2.34m+14%added
LRCX LAM RESEARCH CORPTechnology0.7%$143m1.96m−23%reduced
DASH DOORDASH INCConsumer Cyclical0.6%$136m746,750+861%added
MBB ISHARES TR–0.6%$136m1.45m+0.9%added
BTI BRITISH AMERN TOB PLCConsumer Defensive0.6%$134m3.23m+21%added
GPN GLOBAL PMTS INCIndustrials0.6%$119m1.22m+36%added
JD JD.COM INCConsumer Cyclical0.5%$115m2.79m–new
PINS PINTEREST INCCommunication Services0.5%$112m3.63m+2.4%added
LQD ISHARES TR–0.5%$111m1.02m+3.0%added
MA MASTERCARD INCFinancial Services0.5%$110m201,078+319%added
XYZ BLOCK INCTechnology0.5%$108m1.99m+62%added
PHM PULTE GROUP INCConsumer Cyclical0.5%$108m1.05m+34%added
UAL UNITED AIRLINES HLDGS INCIndustrials0.5%$106m1.53m–new
MCK MCKESSON CORPHealthcare0.5%$105m156,212−53%reduced

Exited since Q4 2024

150 rows
ON ON SEMICONDUCTOR CORP0.2%$42.7m
MRNA MODERNA INC0.1%$25.2m
LYFT LYFT INC0.1%$23.6m
CHWY CHEWY INC0.10%$21.8m
BSY BENTLEY SYS INC0.10%$21.5m
S SENTINELONE INC0.09%$19.4m
PLNT PLANET FITNESS INC0.08%$17.3m
KEX KIRBY CORP0.07%$15.7m
LULU LULULEMON ATHLETICA INC0.07%$14.8m
MGM MGM RESORTS INTERNATIONAL0.07%$14.5m
ROST ROSS STORES INC0.06%$13.9m
GAP GAP INC0.06%$13.8m
ETN EATON CORP PLC0.06%$13.7m
AMKR AMKOR TECHNOLOGY INC0.06%$13.5m
CNX CNX RESOURCES CORPORATION0.06%$13.4m
DAR DARLING INGREDIENTS INC0.06%$12.5m
HES HESS CORP0.05%$11.9m
U UNITY SOFTWARE INC0.05%$11.0m
BIIB BIOGEN INC0.05%$10.7m
TSCO TRACTOR SUPPLY CO0.04%$9.0m
PWR QUANTA SVCS INC0.04%$8.8m
SSD SIMPSON MANUFACTURING CO INC0.04%$8.3m
RIVN RIVIAN AUTOMOTIVE INC0.03%$7.6m
TDC TERADATA CORP DEL0.03%$7.6m
TME TENCENT MUSIC ENTMT GROUP0.03%$7.5m
CRUS CIRRUS LOGIC INC0.03%$6.9m
ORLY OREILLY AUTOMOTIVE INC0.03%$6.4m
ATKR ATKORE INC0.03%$6.1m
EXLS EXLSERVICE HLDGS INC0.03%$5.8m
CLH CLEAN HARBORS INC0.03%$5.8m
NVRI ENVIRI CORP0.02%$4.7m
SOC SABLE OFFSHORE CORP0.02%$4.7m
CRWD CROWDSTRIKE HLDGS INC0.02%$4.6m
AEO AMERICAN EAGLE OUTFITTERS IN0.02%$4.5m
TAC TRANSALTA CORP0.02%$4.4m
GRMN GARMIN LTD0.02%$4.3m
XRAY DENTSPLY SIRONA INC0.02%$4.3m
MIR MIRION TECHNOLOGIES INC0.02%$4.3m
LYONDELLBASELL INDUSTRIES NV no ticker0.02%$3.7m
BOX BOX INC0.02%$3.6m
BBY BEST BUY INC0.02%$3.6m
TKO TKO GROUP HOLDINGS INC0.02%$3.5m
AKAM AKAMAI TECHNOLOGIES INC0.02%$3.5m
DNB DUN & BRADSTREET HLDGS INC0.01%$2.8m
STRA STRATEGIC ED INC0.01%$2.8m
8QR CONFLUENT INC0.01%$2.6m
QLYS QUALYS INC0.01%$2.6m
APTV APTIV PLC0.01%$2.5m
STX SEAGATE TECHNOLOGY HLDNGS PL0.01%$2.5m
TFII TFI INTERNATIONAL INC0.01%$2.3m

Sector mix

  • Unclassified25.5%
  • Technology17.5%
  • Consumer Cyclical12.8%
  • Financial Services12.6%
  • Communication Services7.6%
  • Healthcare7.3%
  • Industrials5.5%
  • Consumer Defensive3.1%
  • Energy3.0%
  • Utilities2.6%
  • Basic Materials2.0%
  • Real Estate0.5%

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