Source: Wall Street
On Tuesday, May 14, Bridgewater, the world's largest hedge fund, released its 13F quarterly position report. In the first quarterHoldemhandsThe position features a significant increase in Google, Nvidia, Apple, Meta and Microsoft, and the new Jiancang is long Amazon and AMD, making the increase in technology stocks the largest weight.
In the first quarter of 2024, Qiaoshui has disclosed that the market value of its positions in listed companies has increased by 11% over the previous quarter to about $19.8 billion, with the concentration of the top 10 positions from 31.Holdemhands.40% rose slightly to 31.87%. As of the end of March, the hedge fund had 91 clients and more than $171.7 billion in discretionary assets under management.
Among them, Amazon was the largest newly built stock in Qiaoshui in the first quarter, buying nearly 1.05 million shares worth $189 million. The second-largest new long stock in Jiancang is chipmaker AMD, which bought nearly 680000 shares worth $123 million.
Jianchang also bought 680000 shares of medical technology leader Medtronic, 870000 shares of iShares Mingsheng South Korea ETF, and more than 80, 000 shares of credit rating leader S & P Global.
In that quarter, Qiaoshui increased its holdings of well-known large-scale technology stocks in the United States. In particular, Apple increased its holdings by 1.841045 million shares to a total of 1.842154 million shares, worth $316 million, equivalent to only 1109 shares at the end of last year.
In addition, Qiaoshui increased its holdings in Google Class A shares by 3.32 million shares to nearly 5.37 million shares worth more than $800m; in Nvidia by 436000 shares to a total position of 705000 shares worth $637 million; and in Microsoft by 382000 shares to nearly 580000 shares worth $244m, doubling their holdings from the end of last quarter. Increase its stake in Meta Class A shares by 328000 shares to a total position of 994000 shares, valued at $483 million.
This puts Google's Class A shares, Nvidia and Meta among the third, fifth and sixth largest positions in Qiaoshui in the first quarter, respectively, and squeezed out the top five positions in Coca-Cola and Costco, which means that Bridgewater prefers technology stocks, while enthusiasm for consumer stocks has waned.
In the fourth quarter of last year, Qiaoshui significantly increased its positions in Invid and Lilly, both of which have more than quadrupled their positions and are regarded as "bullish on AI and weight loss drugs."
Meanwhile, the ETF, iShares's core S & P 500 index, still topped the list of Qiaoshui's largest positions in the first quarter with nearly 2.1 million shares worth $1.1 billion, accounting for 5.6 per cent of disclosed assets. The second largest position remains the core of iShares emerging Markets ETF. The fourth largest position is Procter & Gamble, but it has been reduced for several consecutive seasons.
In the quarter, pinduoduo, a Chinese e-commerce company, also reduced its holdings on a larger scale, including Chinese e-commerce company pinduoduo, which reduced its holdings by 892200 shares or 1% to 3%, reducing its total position to 1.5445 million shares, valued at US $180 million, and reducing its holdings of 2.87 million shares of iShares in China's stock market ETF or 70%.
Bridgewater reduced its holdings in Buffett's favorite Coca-Cola by more than 1.71 million shares, leaving a position of nearly 6.29 million shares worth $385 million, while Munger's favorite Coke Costco, Costco, reduced its holdings by more than 150000 shares and the remaining positions in 530000 shares, worth $392 million, all by 20%.
Qiaoshui also significantly reduced its holdings of 1.8 million shares of Cisco, a hardware provider of network solutions, or nearly 94 per cent, leaving a position of less than 120000 shares, worth less than $6 million.
A list of the top five buy / sell stocks in Qiaoshui in the first quarter
When Ji Qiaoshui had the biggest drop in positions in the essential consumer goods sector, Bunge Global SA and US Foods Holding Corp., both hailed as one of the world's top four grain merchants, were cleared in that sector.
In addition, nearly 160000 shares of financial services company Discover Financial worth $17.8 million, nearly 100000 shares of CME Group worth $20.7 million and 110000 shares of Albemarle, the world's largest lithium miner, worth $16.3 million were all liquidated.
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