On May 16, Bridgewater, the world's preeminent hedge fund, disclosed its Q1 U.S. stock holdings report for the period concluding in late March of this year. The report indicated that during the quarter, Bridgewater initiated new positions in 214 stocks, augmented its stakes in 292 stocks, divested positions in 261 stocks, and curtailed its holdings in 487 stocks.
Remarkably, Bridgewater substantially bolstered its positions in chip stocks, including NVIDIA, Broadcom, and Micron Technology. Conversely, it divested its stakes in enterprise software stocks such as Salesforce and ServiceNow and trimmed its position in Adobe. By the end of Q1, the value of Bridgewater's U.S. stock holdings had declined to $22.4 billion, down from $27.4 billion in the preceding quarter.
Regarding specific holdings adjustments, Bridgewater increased its stake in NVIDIA by 827,800 shares, elevating its portfolio weight to 3.65%. It also augmented its stake in Broadcom by 670,000 shares, bringing its portfolio weight to 2.54%, and boosted its stake in Micron Technology by 586,000 shares, raising its portfolio weight to 2.23%. Furthermore, Bridgewater initiated a new position of 1.077 million shares in TSMC, which constituted 1.62% of its investment portfolio.