WhaleCreep

Bridgewater Associates, LP 13F holdings, Q4 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-12-31, filed 2026-02-13

Bridgewater Associates, LP disclosed 1040 US equity positions worth $27.4bn in its Q4 2025 13F filing. Its largest position is SPY at 11.1% of the reported book, followed by IVV and NVDA. Versus Q3 2025 it opened 191 new positions, added to 451, reduced 386 and exited 165.

$27.4bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
1,040
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.1%
Largest position
The largest single position as a share of the reported equity book.
36.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
35
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 2025: 191 new, 451 added, 386 reduced, 165 exited

50 of 1,040
SPY SPDR S&P 500 ETF Trust–11.1%$3.0bn4.46m+74%added
IVV ISHARES TR–10.5%$2.9bn4.19m+3.4%added
NVDA NVIDIA CORPORATIONTechnology2.6%$721m3.87m+54%added
LRCX LAM RESEARCH CORPTechnology1.9%$521m3.04m−12%reduced
CRM SALESFORCE INCTechnology1.9%$512m1.93m−3.7%reduced
GOOGL ALPHABET INCCommunication Services1.8%$498m1.59m−40%reduced
MSFT MICROSOFT CORPTechnology1.7%$476m984,091−10%reduced
AMZN AMAZON COM INCConsumer Cyclical1.6%$450m1.95m+73%added
ADBE ADOBE INCTechnology1.6%$446m1.28m+1.0%added
GEV GE VERNOVA LLCIndustrials1.6%$435m665,997+2.3%added
BKNG BOOKING HOLDINGS INCConsumer Cyclical1.6%$431m80,528+3.6%added
AVGO BROADCOM INCTechnology1.5%$403m1.17m+38%added
ORCL ORACLE CORPTechnology1.3%$365m1.87m+361%added
AMD ADVANCED MICRO DEVICES INCTechnology1.3%$355m1.66m−7.7%reduced
JNJ JOHNSON & JOHNSONHealthcare1.0%$272m1.31m−23%reduced
MU MICRON TECHNOLOGY INCTechnology0.9%$254m889,640+52355%added
MA MASTERCARD INCFinancial Services0.9%$234m409,207+12%added
NEM NEWMONT CORPBasic Materials0.8%$231m2.31m+496%added
WDAY WORKDAY INCTechnology0.8%$207m965,117−7.2%reduced
NOW SERVICENOW INCTechnology0.7%$205m1.34m+343%added
EWY ISHARES INC–0.7%$201m2.07m+1.8%added
SE SEA LTDConsumer Cyclical0.7%$196m1.53m−4.5%reduced
PYPL PAYPAL HLDGS INCFinancial Services0.7%$194m3.33m+18%added
MO ALTRIA GROUP INCConsumer Defensive0.7%$189m3.28m−11%reduced
V VISA INCFinancial Services0.7%$188m536,497−21%reduced
RDDT REDDIT INCCommunication Services0.6%$176m767,816+24%added
EXPE EXPEDIA GROUP INCConsumer Cyclical0.6%$176m622,783−15%reduced
ANET ARISTA NETWORKS INCTechnology0.6%$174m1.33m+95%added
BTI BRITISH AMERN TOB PLCConsumer Defensive0.6%$167m2.95m−21%reduced
HCA HCA HEALTHCARE INCHealthcare0.6%$154m329,307−3.3%reduced
META META PLATFORMS INCCommunication Services0.5%$148m223,701−46%reduced
VWO VANGUARD INTL EQUITY INDEX F–0.5%$140m2.61m+5.2%added
MBB ISHARES TR–0.5%$131m1.38m+1.5%added
AMAT APPLIED MATLS INCTechnology0.4%$123m477,577+3.0%added
PINS PINTEREST INCCommunication Services0.4%$112m4.32m+4.6%added
LQD ISHARES TR–0.4%$110m999,400+3.8%added
B BARRICK MNG CORPBasic Materials0.4%$108m2.49m+306%added
APH AMPHENOL CORPTechnology0.4%$108m798,364+8.6%added
WFC WELLS FARGO & COFinancial Services0.4%$106m1.14m−55%reduced
UBER UBER TECHNOLOGIES INCTechnology0.4%$105m1.29m−64%reduced
CMCSA COMCAST CORP NEWCommunication Services0.4%$105m3.51m−49%reduced
CLS CELESTICA INCTechnology0.4%$101m341,774+115%added
TEL TE CONNECTIVITY PLCTechnology0.4%$100m440,801+84%added
TLN TALEN ENERGY CORPUtilities0.4%$99.4m265,244+78%added
KLAC KLA CORPTechnology0.3%$95.2m78,367−30%reduced
CI THE CIGNA GROUPHealthcare0.3%$94.8m344,452−43%reduced
MFC MANULIFE FINL CORPFinancial Services0.3%$93.0m2.56m−14%reduced
ASML ASML HLDG NVTechnology0.3%$92.1m86,089−4.6%reduced
XYZ BLOCK INCTechnology0.3%$86.6m1.33m+961%added
IEMG ISHARES INC–0.3%$85.5m1.27m+9.5%added

Exited since Q3 2025

165 rows
FISV FISERV INC0.8%$205m
CRWV COREWEAVE INC0.1%$37.0m
AZN ASTRAZENECA PLC0.1%$35.5m
DKNG DRAFTKINGS INC NEW0.1%$31.9m
CCJ CAMECO CORP0.10%$24.7m
PANW PALO ALTO NETWORKS INC0.07%$18.1m
ELV ELEVANCE HEALTH INC0.07%$17.8m
RSG REPUBLIC SVCS INC0.06%$14.5m
CTVA CORTEVA INC0.05%$12.9m
AJG GALLAGHER ARTHUR J & CO0.05%$12.1m
ATI ATI INC0.04%$11.1m
PGR PROGRESSIVE CORP0.04%$10.5m
FDX FEDEX CORP0.04%$10.2m
FOXA FOX CORP0.04%$9.0m
MSI MOTOROLA SOLUTIONS INC0.03%$8.9m
RCL ROYAL CARIBBEAN CRUISES LTD0.03%$8.1m
CARR CARRIER GLOBAL CORPORATION0.03%$8.0m
NVO NOVO-NORDISK A S0.03%$7.7m
WINA WINMARK CORP0.03%$7.3m
CVLT COMMVAULT SYSTEMS INC0.03%$7.1m
WM WASTE MGMT INC DEL0.03%$6.5m
AYI ACUITY INC0.03%$6.5m
TIGO MILLICOM INTL CELLULAR S A0.02%$6.3m
ONB OLD NATL BANCORP IND0.02%$6.2m
URNM SPROTT FDS TR0.02%$6.2m
EMR Emerson Electric Inc.0.02%$5.7m
BIIB BIOGEN INC0.02%$5.6m
CBSH COMMERCE BANCSHARES INC0.02%$5.5m
CVNA CARVANA CO0.02%$5.4m
CTAS CINTAS CORP0.02%$4.9m
BSY BENTLEY SYS INC0.02%$4.8m
LZB LA Z BOY INC0.02%$4.7m
AN AUTONATION INC0.02%$4.6m
DUK DUKE ENERGY CORP NEW0.02%$4.4m
SPHR SPHERE ENTERTAINMENT CO0.02%$4.3m
BKE BUCKLE INC0.02%$4.2m
SMCI SUPER MICRO COMPUTER INC0.02%$4.0m
AVAV AEROVIRONMENT INC0.01%$3.6m
WSBC WESBANCO INC0.01%$3.4m
TMDX TRANSMEDICS GROUP INC0.01%$3.4m
NEOG NEOGEN CORP0.01%$3.3m
BLDR BUILDERS FIRSTSOURCE INC0.01%$3.3m
IFF INTERNATIONAL FLAVORS&FRAGRA0.01%$3.3m
BHF BRIGHTHOUSE FINL INC0.01%$3.2m
CORZ CORE SCIENTIFIC INC NEW0.01%$3.2m
TDY TELEDYNE TECHNOLOGIES INC0.01%$3.2m
UPST UPSTART HLDGS INC0.01%$3.1m
ELBIT SYS LTD no ticker0.01%$3.1m
GAP GAP INC0.01%$3.1m
AYS1 SANDSTORM GOLD LTD0.01%$3.0m

Sector mix

  • Technology28.0%
  • Unclassified25.9%
  • Financial Services10.4%
  • Consumer Cyclical8.4%
  • Healthcare6.5%
  • Industrials6.1%
  • Communication Services5.2%
  • Consumer Defensive2.9%
  • Basic Materials2.8%
  • Energy2.2%
  • Utilities1.3%
  • Real Estate0.3%

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