Bridgewater Associates Increased Holdings in Chip Stocks and Reduced Holdings in Software Stocks in Q1, with Portfolio Value Reaching $22.4 Billion

BlockBeats News, May 16th, the world's largest hedge fund Bridgewater Associates released its first-quarter holdings report (13F) for US stocks as of the end of March. The report showed that Bridgewater established new positions in 214 stocks, increased stakes in 292 stocks, exited positions in 261 stocks, and reduced stakes in 487 stocks during the first quarter.

In the first quarter, Bridgewater significantly increased its holdings in chip stocks such as NVIDIA (NVDA.O), Broadcom (AVGO.O), and Micron Technology (MU.O), exited positions in enterprise software stocks like Salesforce (CRM.N) and ServiceNow (NOW.N), and reduced its stake in Adobe (ADBE.O). As of the end of the first quarter, Bridgewater's holdings in US stocks had a market value of $22.4 billion, down from $27.4 billion in the previous quarter.

Specifically, Bridgewater increased its stake by 827,800 shares in NVIDIA, with the holding percentage rising from 2.63% at the end of last year to 3.65%; added 670,000 shares of Broadcom, with the holding percentage increasing from 1.47% at the end of last year to 2.54%; and bought an additional 586,000 shares of Micron Technology, with the holding percentage increasing from 0.93% at the end of last year to 2.23%. Additionally, Bridgewater also initiated a position in TSMC for the first time with 1,077,000 shares, representing 1.62% of the portfolio by the end of the first quarter.