13F Alert: Bridgewater Sells Amazon, Buys Alphabet

May 13 2016 | 9:22pm ET

Hedge fund manager Bridgewater Associates sold off stakes in Amazon.com, Coca-Cola, and Gap during the first quarter, according to recent securities filings, and added new stakes in Alphabet and McDonald's.

The fund’s 13-F filings also revealed that Bridgewater, run by billionaire Ray Dalio, also cut its Apple position by two-thirds, PepsiCo by around 80% and Facebook in half.

At the same time, Bridgewater increased its position in chipmaker Intel by 300%, and added new stakes in United Parcel Service, Delta Air Lines and D.R. Horton, according to Reuters, and used low valuations to increase its holdings in the oil & gas sectors. 

SEC 13-F filings are rearward looking and are made 45 days after the end of each quarter. Nonetheless, they offer insights into what changes have been made to the portfolios of large investment managers, and what they see as upcoming opportunities. 

Founded by Dalio in 1975 in a two-room apartment, Westport, CT-based Bridgewater is the world’s largest hedge fund manager, responsible for $154 billion in assets for institutional investors, foreign governments, central banks, corporate and public pension funds, university endowments and charitable foundations.


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