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Bridgewater Liquidates Several CN ADRs Last Quarter, Adds Holdings in Major US AI Stocks
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Hedge fund Bridgewater disclosed its holdings as of the end of the second quarter, showing an increase in several popular AI concept technology stocks and the liquidation of several Chinese ADRs. According to disclosure documents submitted to the U.S. Securities and Exchange Commission, Bridgewater liquidated its positions in Alibaba (BABA.US), Pinduoduo (PDD.US), Baidu (BIDU.US), and JD.com (JD.US) in the second quarter. On the other hand, it newly acquired 474,000 shares of chip designer ARM (ARM.US), valued at US$76.6 million. Bridgewater also increased its holdings in NVIDIA (NVDA.US), Microsoft (MSFT.US), Google parent company Alphabet (GOOGL.US), and Meta Platforms (META.US). Among these, it increased its holdings in NVIDIA by 4.38 million shares to 7.22 million shares, with a total value of US$1.14 billion. During the same period, it also increased its holdings in Microsoft by approximately 910,000 shares to 1.72 million shares, and increased its holdings in Alphabet by 2.56 million shares to 5.6 million shares, among others. Bridgewater simultaneously reduced its holdings in the SPDR S&P 500 ETF (SPY.US) by 720,000 shares to 2.62 million shares, with a total value of US$1.61 billion. It also reduced its holdings in Apple (AAPL.US) by 548,000 shares to 357,000 shares. AASTOCKS Financial News Website: www.aastocks.com |
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