Bridgewater Fund aggressively sweeps through AI technology giants, again reducing exposure to the Chinese market
Bridgewater Associates, founded by Ray Dalio, has released its first-quarter holdings report (13F). Bridgewater has focused its bets on the “Big Seven” companies, excluding Tesla, while facing another round of reducing its stake in the Chinese market, which it has always been optimistic about.
Table of Contents:
1. Emphasizing investments in AI companies, adding to the six major tech giants
2. Reducing holdings in defensive and Chinese concept stocks
Ray Dalio advised investors last September to invest in companies that adopt new technologies such as AI, rather than companies that develop new technologies.
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According to whalewisdom.com, Bridgewater’s first-quarter holdings report (13F) reveals that the fund has significantly increased its positions in six major US tech giants, including Microsoft, Google, Nvidia, Apple, Meta, and Amazon, but did not add to its position in Tesla.
Among them, Amazon is a new stock purchased by Bridgewater this quarter, and it has also purchased AMD, a competitor of Nvidia.
In terms of reducing individual stock holdings, Bridgewater has reduced its positions in defensive stocks, including Coca-Cola, Costco, and McDonald’s.
Bridgewater has also reduced its positions in some Chinese concept stocks this time, including Pinduoduo and the large-cap Chinese ETF FXI, as well as the emerging market ETF IEMG.
Ray Dalio has always been a supporter of the Chinese market and has maintained a good relationship with Chinese officials for a long time. However, in March, he warned that China should reduce its debt and relax its monetary policy, otherwise it will face a “century storm”.
(China Evergrande suspends trading! Bridgewater founder warns: China will face a “century storm”)
AI
Ray Dalio
China
Bridgewater Associates
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