WhaleCreep

Bridgewater Associates, LP 13F holdings, Q2 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-06-30, filed 2025-08-13

Bridgewater Associates, LP disclosed 585 US equity positions worth $24.8bn in its Q2 2025 13F filing. Its largest position is SPY at 6.5% of the reported book, followed by IVV and NVDA. Versus Q1 2025 it opened 86 new positions, added to 206, reduced 285 and exited 165.

$24.8bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
585
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.5%
Largest position
The largest single position as a share of the reported equity book.
36.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
52
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 2025: 86 new, 206 added, 285 reduced, 165 exited

50 of 585
SPY SPDR S&P 500 ETF Trust–6.5%$1.6bn2.61m−22%reduced
IVV ISHARES TR–5.8%$1.4bn2.31m+6.2%added
NVDA NVIDIA CORPORATIONTechnology4.6%$1.1bn7.23m+154%added
IEMG ISHARES INC–4.2%$1.0bn17.18m−9.4%reduced
GOOGL ALPHABET INCCommunication Services4.0%$987m5.60m+84%added
MSFT MICROSOFT CORPTechnology3.4%$853m1.72m+112%added
META META PLATFORMS INCCommunication Services2.4%$596m807,073+90%added
CRM SALESFORCE INCTechnology1.8%$447m1.64m+57%added
BKNG BOOKING HOLDINGS INCConsumer Cyclical1.8%$441m76,153+14%added
GEV GE VERNOVA LLCIndustrials1.7%$412m778,263+25%added
JNJ JOHNSON & JOHNSONHealthcare1.4%$349m2.28m+668%added
UBER UBER TECHNOLOGIES INCTechnology1.4%$348m3.73m+531%added
GLD SPDR GOLD TRUST–1.4%$337m1.11m0.0%held
FTNT FORTINET INCTechnology1.4%$336m3.17m+60%added
AVGO BROADCOM INCTechnology1.3%$318m1.15m+23%added
PANW PALO ALTO NETWORKS INCTechnology1.3%$314m1.53m+81%added
CMCSA COMCAST CORP NEWCommunication Services1.3%$311m8.71m+71%added
WFC WELLS FARGO & COFinancial Services1.1%$284m3.55m+3.9%added
ADBE ADOBE INCTechnology1.1%$282m729,498+25%added
AMZN AMAZON COM INCConsumer Cyclical1.1%$273m1.24m−6.0%reduced
AMD ADVANCED MICRO DEVICES INCTechnology1.0%$249m1.76m−19%reduced
PYPL PAYPAL HLDGS INCFinancial Services0.9%$234m3.15m−12%reduced
V VISA INCFinancial Services0.9%$229m644,314−7.4%reduced
MO ALTRIA GROUP INCConsumer Defensive0.9%$221m3.77m+14%added
SPOT SPOTIFY TECHNOLOGY S ACommunication Services0.9%$218m283,898+497%added
FISV FISERV INC–0.9%$218m1.26m+8.5%added
CI THE CIGNA GROUPHealthcare0.8%$204m616,626+14%added
NOW SERVICENOW INCTechnology0.8%$201m195,574−17%reduced
CHTR CHARTER COMMUNICATIONS INCCommunication Services0.7%$178m436,341+103%added
DASH DOORDASH INCConsumer Cyclical0.7%$177m718,082−3.8%reduced
BTI BRITISH AMERN TOB PLCConsumer Defensive0.7%$161m3.41m+5.4%added
LRCX LAM RESEARCH CORPTechnology0.6%$160m1.64m−16%reduced
VST VISTRA CORPUtilities0.6%$158m817,614−50%reduced
HCA HCA HEALTHCARE INCHealthcare0.6%$156m406,706−5.1%reduced
MET METLIFE INCFinancial Services0.6%$152m1.89m+5.7%added
PINS PINTEREST INCCommunication Services0.6%$147m4.09m+13%added
EXPE EXPEDIA GROUP INCConsumer Cyclical0.6%$143m848,568−5.5%reduced
T AT&T INCCommunication Services0.6%$143m4.94m+78%added
EBAY EBAY INC.Consumer Cyclical0.6%$141m1.90m+43%added
SE SEA LTDConsumer Cyclical0.6%$140m872,932+73%added
C CITIGROUP INCFinancial Services0.6%$139m1.63m−19%reduced
MBB ISHARES TR–0.6%$137m1.46m+0.9%added
NRG NRG ENERGY INCUtilities0.5%$131m817,082+25%added
CSCO CISCO SYS INCTechnology0.5%$130m1.87m+644%added
BMY BRISTOL-MYERS SQUIBB COHealthcare0.5%$125m2.70m+15%added
QCOM QUALCOMM INCTechnology0.5%$122m763,746−30%reduced
XYZ BLOCK INCTechnology0.5%$118m1.74m−13%reduced
EWY ISHARES INC–0.5%$117m1.63m+8.2%added
LQD ISHARES TR–0.5%$113m1.04m+1.1%added
EME EMCOR GROUP INCIndustrials0.4%$111m208,412−5.1%reduced

Exited since Q1 2025

165 rows
BABA ALIBABA GROUP HLDG LTD3.5%$748m
PDD PDD HOLDINGS INC1.0%$206m
BIDU BAIDU INC0.9%$191m
JD JD.COM INC0.5%$115m
CVX CHEVRON CORPORATION0.4%$80.8m
DAL DELTA AIR LINES INC0.3%$69.9m
TCOM TRIP COM GROUP LTD0.3%$56.1m
GS GOLDMAN SACHS GROUP INC0.2%$51.9m
DECK DECKERS OUTDOOR CORP0.2%$43.6m
JAZZ JAZZ PHARMACEUTICALS PLC0.1%$31.2m
TRGP TARGA RES CORP0.1%$28.8m
LUV Southwest Airlines Co.0.1%$28.6m
MCHI ISHARES TR0.1%$27.8m
ABX BARRICK GOLD CORP0.1%$25.9m
FXI ISHARES TR0.1%$24.8m
YUMC YUM CHINA HLDGS INC0.1%$23.6m
DUOL DUOLINGO INC0.1%$21.8m
HOOD ROBINHOOD MKTS INC0.10%$21.5m
FANG DIAMONDBACK ENERGY INC0.10%$21.1m
PCG PG&E CORP0.10%$20.6m
TRU TRANSUNION0.09%$19.0m
BEKE KE HLDGS INC0.08%$17.7m
ATI ATI INC0.08%$16.5m
RJF RAYMOND JAMES FINANCIAL INC0.08%$16.4m
FE FIRSTENERGY CORP0.07%$15.9m
CACI CACI INTL INC0.07%$15.6m
BKR BAKER HUGHES COMPANY0.07%$14.9m
NUE NUCOR CORP0.06%$13.6m
VRSK VERISK ANALYTICS INC0.06%$12.2m
CNQ CANADIAN NAT RES LTD MED TER0.05%$11.2m
CVE Cenovus Energy Inc0.05%$11.2m
APA APA CORPORATION0.05%$10.9m
APPF APPFOLIO INC0.05%$10.2m
HTHT H WORLD GROUP LTD0.04%$9.5m
TEX Terex Corp0.04%$9.0m
BZ KANZHUN LIMITED0.04%$8.8m
NOG NORTHERN OIL & GAS INC0.04%$8.6m
VIPS VIPSHOP HOLDINGS LIMITED0.04%$8.5m
QFIN QFIN HOLDINGS INC0.04%$8.1m
WHD CACTUS INC0.04%$7.7m
IBKR INTERACTIVE BROKERS GROUP IN0.04%$7.7m
LEGN LEGEND BIOTECH CORP0.04%$7.6m
TAL TAL EDUCATION GROUP0.04%$7.6m
AXP AMERICAN EXPRESS CO0.03%$7.5m
0VVB PARAMOUNT GLOBAL0.03%$7.2m
NXST NEXSTAR MEDIA GROUP INC0.03%$7.1m
NIO NIO INC0.03%$6.7m
SCHW SCHWAB CHARLES CORP0.03%$6.6m
JEF JEFFERIES FINANCIAL GROUP IN0.03%$6.4m
AZO AUTOZONE INC0.03%$6.2m

Sector mix

  • Technology27.7%
  • Unclassified22.2%
  • Communication Services11.5%
  • Financial Services9.6%
  • Healthcare8.5%
  • Consumer Cyclical7.7%
  • Industrials4.1%
  • Consumer Defensive2.9%
  • Energy2.1%
  • Utilities1.8%
  • Basic Materials1.5%
  • Real Estate0.4%

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