Bridgewater adds new stakes in chip makers and boosts GE bet, while selling off Boeing, Delta, UPS holdings

Dow Jones2021-08-14

MW Bridgewater adds new stakes in chip makers and boosts GE bet, while selling off Boeing, Delta, UPS holdings

Bridgewater Associates LP has disclosed that the value of its equity holdings as of the end of the second quarter increased by 37.5% from the end of the first quarter, while the S&P 500 increased just 8.2% over the same time. The hedge fund manager's largest company holding in terms of value as of June 30 was Walmart Inc. $(WMT)$, with the fund increasing its ownership by 51% in three months to $736.5 million, while its holding of rival discount retailer Target Inc. $(TGT)$ grew 91% to $216.3 million. Among other changes the fund made to its holdings during the second quarter, it reduced its holding in Tesla Inc. $(TSLA)$ by 31% to $17.15 million; it add new investments in chipmakers Nvidia Corp. $(NVDA)$ worth $16.9 million, Advanced Micro Devices Inc. $(AMD)$ worth $10.4 million, Intel Corp. $(INTC)$ worth $2.0 million and Micron Technology Inc. $(MU)$ worth $18.4 million; it sold off its stakes in Delta Air Lines Inc. $(DAL)$ and Southwest Airlines Co. $(LUV)$, while adding a new $1.6 million stake in United Airlines Holdings Inc. $(UAL)$; it sold off its stakes in United Parcel Service Inc. $(UPS)$ and Boeing Co. $(BA)$, but added new stakes in Caterpillar Inc. $(CAT)$ ($18.8 million) and Deere & Co. $(DE)$ ($26.6 million); added a $1.6 million bet on Carnival Corp. $(CCL.AU)$; and boosted its stake in General Electric Co. $(GE)$ by nearly 29 times to $18.6 million from about $650,000.

-Tomi Kilgore

$(END)$ Dow Jones Newswires

August 13, 2021 14:21 ET (18:21 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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Comments

KLok
2021-08-19
KLok
Good news indeed.....
MetalGuru
2021-08-17
MetalGuru
Tech stocks rise
ArcherWG
2021-08-17
ArcherWG
Good guide
Takiho
2021-08-15
Takiho
Chips still in play
- ArcherWG:
  Yap
Takiho
2021-08-15
Takiho
Chips still in
Jeanp14
2021-08-14
Jeanp14
AMD!!

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The hedge fund manager's largest company holding in terms of value as of June 30 was Walmart Inc. $(WMT)$, with the fund increasing its ownership by 51% in three months to $736.5 million, while its holding of rival discount retailer Target Inc. $(TGT)$ grew 91% to $216.3 million. Among other changes the fund made to its holdings during the second quarter, it reduced its holding in Tesla Inc. $(TSLA)$ by 31% to $17.15 million; it add new investments in chipmakers Nvidia Corp. $(NVDA)$ worth $16.9 million, Advanced Micro Devices Inc. $(AMD)$ worth $10.4 million, Intel Corp. $(INTC)$ worth $2.0 million and Micron Technology Inc. $(MU)$ worth $18.4 million; it sold off its stakes in Delta Air Lines Inc. $(DAL)$ and Southwest Airlines Co. $(LUV)$, while adding a new $1.6 million stake in United Airlines Holdings Inc. $(UAL)$; it sold off its stakes in United Parcel Service Inc. $(UPS)$ and Boeing Co. $(BA)$, but added new stakes in Caterpillar Inc. $(CAT)$ ($18.8 million) and Deere & Co. $(DE)$ ($26.6 million); added a $1.6 million bet on Carnival Corp. $(CCL.AU)$; and boosted its stake in General Electric Co. $(GE)$ by nearly 29 times to $18.6 million from about $650,000. \n\n\n  -Tomi Kilgore \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  August 13, 2021 14:21 ET (18:21 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":838168413,"gmtCreate":1629381327432,"gmtModify":1676530022596,"author":{"id":"3582450584533032","authorId":"3582450584533032","name":"KLok","avatar":"https://static.tigerbbs.com/7d135114c7d99f91051322404730d3e0","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Good news indeed.....","listText":"Good news indeed.....","text":"Good news indeed.....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/838168413","repostId":2159215899,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":839550212,"gmtCreate":1629168056736,"gmtModify":1676529952026,"author":{"id":"3584964198158897","authorId":"3584964198158897","name":"MetalGuru","avatar":"https://static.tigerbbs.com/1f9af4319fe386d09474d76fe72e470a","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Tech stocks rise&nbsp;","listText":"Tech stocks rise&nbsp;","text":"Tech stocks rise","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839550212","repostId":2159215899,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":839626057,"gmtCreate":1629157700879,"gmtModify":1676529946455,"author":{"id":"3581837121803380","authorId":"3581837121803380","name":"ArcherWG","avatar":"https://community-static.tradeup.com/news/38e40c44fababa6849ceb15dfe8931a3","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Good guide","listText":"Good guide","text":"Good guide","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839626057","repostId":2159215899,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":830370367,"gmtCreate":1629019226959,"gmtModify":1676529911971,"author":{"id":"3586588423230446","authorId":"3586588423230446","name":"Takiho","avatar":"https://static.tigerbbs.com/9c71ba836ffdebd7c9d6c75d4b188cd8","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Chips still in play","listText":"Chips still in play","text":"Chips still in play","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/830370367","repostId":2159215899,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5549142,"gmtCreate":1629157714844,"gmtModify":1663232472625,"authorId":3581837121803380,"author":{"id":3581837121803380,"authorId":3581837121803380,"name":"ArcherWG","avatar":"https://community-static.tradeup.com/news/38e40c44fababa6849ceb15dfe8931a3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":830370367,"type":1,"supId":0,"prevId":0,"content":"<u>Yap</u>","text":"<u>Yap</u>","html":"<u>Yap</u>"}],"langContent":"EN"},{"id":830347509,"gmtCreate":1629019195601,"gmtModify":1676529911955,"author":{"id":"3586588423230446","authorId":"3586588423230446","name":"Takiho","avatar":"https://static.tigerbbs.com/9c71ba836ffdebd7c9d6c75d4b188cd8","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Chips still in","listText":"Chips still in","text":"Chips still 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