Ray Dalio’s Bridgewater Associates has released its 13F filing for the second quarter, revealing an affinity for technology stocks. The investor’s equity portfolio is highly diversified, having more than 400 positions worth some $13.3 billion. In addition, it may seem that Dalio likes exchange-traded funds that track American and global indexes, which means that his portfolio is macro-oriented and less risky. However, there are plenty of individual stocks as well, with most of them in tech and energy sector.
Apple Inc. (NASDAQ:AAPL) is reportedly due to release in September a new iPhone, so it comes as no surprise that Dalio has doubled its stake by buying 269,300 additional shares, taking its total holding to 572,197 shares. The stake in Apple Inc. (NASDAQ:AAPL)’s has a market value of $53.1 million and is making 0.40% of the equity portfolio.
David Einhorn’s Greenlight Capital has a stake of 9.4 million shares in Apple Inc. (NASDAQ:AAPL), which is down by 30% compared to the last quarter.
International Business Machines Corp. (NYSE:IBM) claims the second place in the Dalio’s equity portfolio. The Westport, Connecticut-based hedge fund owns 209,520 shares in International Business Machines Corp. (NYSE:IBM), up by 74,500 shares since the previous quarter. The stake in the company is valued at $38 million and makes 0.28% of the stock portfolio.
International Business Machines Corp. (NYSE:IBM) is also owned by Warren Buffett, who has 70 million shares worth $12.7 billion, which is almost as much as Dalio’s entire equity portfolio. Many investors are short on the stock, including Stanley Druckenmiller.
On the third place there is Intel Corporation (NASDAQ:INTC), where Bridgewater has acquired an additional 366,900 shares, increasing its stake to 1.1 million. The holding in Intel Corporation (NASDAQ:INTC) is worth $35 million and makes 0.26% of the total equity.
Intel Corporation (NASDAQ:INTC) is also owned by Ken Fisher’s Fisher Asset Management who has a stake of 18.9 million shares that has a market value of $586 million.