BRIDGEWATER ASSOCIATES, LP
WESTPORT CT
Investment Advisor
Hedge Fund
Bridgewater Associates is based out of Westport and is run by Raymond Dalio. Bridgewater Associates is a hedge fund with 91 clients and discretionary assets under management (AUM) of $171,751,270,410 (Form ADV from 2024-11-22). Their last reported 13F filing for Q3 2024 included $17,658,794,959 in managed 13F securities
and a top 10 holdings concentration of 32.29%. Bridgewater Associates's largest holding is iShares Core S&P 500 ETF with shares held of 2,222,834. Whalewisdom has at least 91 13F filings
Business Description
Bridgewater Associates, LP provides discretionary investment management services to pooled investment vehicles, single investor funds, and managed account clients. They began investment operations in 1975, initially providing consulting services in global markets, and in 1985, they began managing assets for institutional investors. They registered as an investment adviser with the SEC in 1990 and also publish The Bridgewater Daily Observations, their flagship research publication.
Bridgewater has extensive dealings with investment consultants, both in the consultants' role as advisers for their clients and through independent business relationships. They provide consultants with information on their services and may be recommended by consultants to their clients. Some clients have even delegated discretion to their consultants to select and engage Bridgewater's investment advisory services and/or fund investments on their behalf.
Investment Strategy
The investment strategies discussed are designed for sophisticated or professional clients who can handle the associated risks. These strategies aim to generate high risk-adjusted returns that are negatively correlated to equities and equity-centric portfolios over time. They are considered appropriate only for clients with sufficient knowledge and experience in financial and business matters to evaluate the merits and risks involved.
The strategies are fundamental, systematic, and diversified, and they operate in a competitive market with inherent uncertainty. There is no guarantee of success, and the profit potential may be reduced due to competition. The strategies may not always be able to secure investments on attractive terms, and there is a risk of substantial loss, including the potential loss of the entire amount invested.
Owners
- PASCIUCCO, GERARD - HEAD OF FINANCE AND STRATEGY
- PRINCE, ROBERT, PAUL - CO-CHIEF INVESTMENT OFFICER
- BRIDGEWATER ASSOCIATES INTERMEDIATE HOLDINGS, LP - GENERAL PARTNER & LIMITED PARTNER
- JENSEN, GREGORY, SCOTT - CO-CHIEF INVESTMENT OFFICER
- TRUSTCO LLC - LIMITED PARTNER
- KITSON, MICHAEL, ANTHONY - CHIEF COMPLIANCE OFFICER AND COUNSEL
- YURKO, TRACEY, BRADY - CHIEF LEGAL OFFICER & SECRETARY
- BAR DEA, NIR - CHIEF EXECUTIVE OFFICER
- KARNIOL-TAMBOUR, KAREN - CO-CHIEF INVESTMENT OFFICER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-09-30
Top Buys (13F)
| Name | % Change |
|---|---|
| IVV iShares Core S&P 500 | 1.26% |
| CEG Constellation Energy | 0.93% |
| LRCX Lam Research Corp | 0.91% |
| AAPL Apple Inc | 0.85% |
| AVGO Broadcom Inc | 0.73% |
2024-09-30
Top Sells (13F)
| Name | % Change |
|---|---|
| PG Procter & Gamble Co. | 1.53% |
| AMZN Amazon.com Inc | 1.18% |
| COST Costco Co | 1.11% |
| JNJ Johnson & Johnson | 1.1% |
| MCD McDonalds Corp | 1.02% |
2024-09-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| IVV iShares Core S&P 500 | 7.26% |
| IEMG iShares Core MSCI Em | 5.78% |
| GOOGL Alphabet Inc. Class | 4.11% |
| NVDA NVIDIA Corp | 3.27% |
| SPY SPDR S&P 500 ETF TRU | 2.72% |
2024-09-30
13F Activity
| Market Value | $17.7b, Prior: $19.2b |
| Inflows (Outflows) as % of Total MV | (-2.6674)% |
| New Purchases | 79 stocks |
| Added To | 260 stocks |
| Sold out of | 183 stocks |
| Reduced holdings in | 428 stocks |
| Top 10 Holdings % | 32.29% |
| Turnover %[1] | 27.41% |
| Turnover Alt %[2] | 21.08% |
| Time Held Top 20 | 14.45 quarters |
| Time Held Top 10 | 4.5 quarters |
| Time Held All | 8.84 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-09-30
13F Sector Allocation Over Time
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2024-09-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30