Bridgewater Associates’ First Quarter Largest Equity Holdings

Last week, Ray Dalio’s Bridgewater Associates, one of the world’s largest hedge funds, with $161.9 billion in Assets Under Management, disclosed its long equity positions at the S.E.C. Its equity portfolio, worth more than $12 billion, is still strongly focused on ETFs, which account for more than 88% of its portfolio’s value. However, the fund also holds stock from several tech, basic materials and services companies. These are the ones that interest us.

Over the quarter Bridgewater started over 120 new equity positions, increased its stakes at another 75, and sold out of 77 positions. Let’s, thus, take a look at the most interesting moves from Q1.

BRIDGEWATER ASSOCIATES

First off is Microsoft Corporation (NASDAQ:MSFT), the $327 billion market cap tech behemoth. Over the quarter, Mr. Dalio increased his stakes in the company by 119%, and now owns 892,645 shares of the company, worth about $35 million. This makes it the fund’s fifth most valuable holding, and the most valuable equity (non-ETF) holding. But this stake is miniscule, compared to Jeffrey Ubben’s (Valueact Capital), who owns more than 71 million shares of Microsoft Corporation (NASDAQ:MSFT), worth more than $2.8 billion, or to Donald Yacktman’s 32.9 million Microsoft Corporation (NASDAQ:MSFT) shares.

The fund’s second largest equity position is the one in Verizon Communications Inc. (NYSE:VZ), a $201 billion market cap provider of communications, information and entertainment products and services. During the first quarter, Bridgewater upped its bets on Verizon Communications Inc. (NYSE:VZ) by 35% and now holds 620,465 shares, valued at more than $30 million.

Even more bullish than Mr. Dalio is Jim Simons, who has almost half a billion dollars invested. Over the first fiscal quarter, his fund increased its stakes by 78%, and now holds about 10 million shares. Another investment guru that also seems to feel quite confident about this company’s future is Warren Buffet, who has also invested about half a billion dollars in Verizon Communications Inc. (NYSE:VZ). As we reported in a previous article, this is Mr. Buffett’s largest new position for the first quarter.

Next in this ranking is International Business Machines Corp. (NYSE:IBM), the only stock analyzed in this article that saw Bridgewater decrease its stakes in it. Over 2014’s first quarter, the fund sold 32,800 shares of this $187 billion market cap IT company, and currently holds 135,020 shares of International Business Machines Corp. (NYSE:IBM), worth almost $25 million. Once again, we can count Warren Buffet amongst the company’s hedge fund shareholders; in fact, Berkshire Hathaway is the largest hedge fund stockholder, with 68 million shares (more than $13 billion in International Business Machines Corp. (NYSE:IBM) stock).

Bridgewater’s bet on Johnson & Johnson (NYSE:JNJ), which was, by the end of Q1, slightly less valuable than that placed on IBM, has surged since then. The fund’s 262,993 shares (up 132% in relation to Q4 2013) are worth more than $26.3 million. Other funds with even larger stakes in the $283 billion market cap health care products company are Ken Fisher’s Fisher Asset Management (9.97 million shares) and Donald Yacktman’s Yacktman Asset Management, with 9.57 million shares of Johnson & Johnson (NYSE:JNJ).

Finally, there’s Symantec Corporation (NASDAQ:SYMC), a $15.2 billion market cap security, backup and availability solutions provider. The company saw Bridgewater Associates almost triple its wager over Q1. The fund last declared owning 1.286 million shares of the company, worth more than $28 million. Symantec Corporation (NASDAQ:SYMC) is another stock that has escalated in value since the end of the first fiscal quarter. Once again, Jeffrey Ubben’s Valueact Capital is amongst the company’s hedge fund bulls. His fund started a position in Symantec Corporation (NASDAQ:SYMC) with 7.59 million shares held as of the end of March.

Disclosure: Javier Hasse holds no position in any stocks mentioned.

Recommended Reading:

Top 10 Most Popular Companies in Hedge Funds’ Equity Portfolios in Q1

What are the Two of the Best Hedge Fund Managers of 2013 Buying?

Hedge Fund Highlights: Warren Buffet, Kyle Bass & Julian Robertson

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!