Bridgewater Associates, LP
Long book
$22.40B
Q1 2026
Positions
993
Top-10 weight
41%
concentration
Last quarter
+25.1%
SPY +14.8%
Turnover
38%
of book per quarter
Strategy in plain words
auto-generated from filingsBridgewater Associates, LP is a quantitative fund whose holdings reflect models, not opinions, running a $22.40B US long book across 993 positions.
The portfolio is moderately concentrated (top 10 ≈ 41% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, ISHARES CORE S&P 500 ETF, AMAZON.COM INC, NVIDIA CORP, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.8pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.6%
Q2 2024
+6.0%
Q3 2024
+0.1%
Q4 2024
-2.7%
Q1 2025
+11.6%
Q2 2025
+7.1%
Q3 2025
+2.1%
Q4 2025
-3.7%
Q1 2026
+25.1%
Sector allocation
Technology 39%
Industrials 16%
Financials 10%
Consumer discretionary 9%
Healthcare 7%
Other 5%
Materials 4%
Utilities 3%
Long book by quarter
What does Bridgewater Associates, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 4.4M | $914.0M | 4.1% | +125.3% |
| NVDA NVIDIA CORP | Technology | 4.7M | $818.5M | 3.7% | +21.4% |
| GOOGL ALPHABET INC-CL A | Technology | 2.0M | $574.5M | 2.6% | +25.6% |
| AVGO BROADCOM INC | Technology | 1.8M | $568.1M | 2.5% | +57.4% |
| MU MICRON TECHNOLOGY INC | Technology | 1.5M | $498.6M | 2.2% | +65.9% |
| MSFT MICROSOFT CORP | Technology | 1.1M | $401.6M | 1.8% | +10.3% |
| GEV GE VERNOVA INC | Industrials | 434.9K | $379.6M | 1.7% | -34.7% |
| LRCX LAM RESEARCH CORP | Industrials | 1.6M | $335.7M | 1.5% | -48.3% |
| AMD ADVANCED MICRO DEVICES | Technology | 1.3M | $263.0M | 1.2% | -22.0% |
| NEM NEWMONT CORP | Materials | 2.3M | $250.8M | 1.1% | +0.3% |
| ORCL ORACLE CORP | Technology | 1.6M | $234.2M | 1.0% | -15.0% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 1.9M | $193.0M | 0.9% | +97.4% |
| AMAT APPLIED MATERIALS INC | Technology | 559.9K | $191.4M | 0.9% | +17.2% |
| JNJ JOHNSON & JOHNSON | Healthcare | 696.9K | $170.3M | 0.8% | -47.0% |
| META META PLATFORMS INC-CLASS A | Technology | 291.7K | $166.9M | 0.7% | +30.4% |
| ANET ARISTA NETWORKS INC | Technology | 1.3M | $163.3M | 0.7% | 0.0% |
| KLAC KLA CORP | Other | 108.7K | $160.0M | 0.7% | +38.7% |
| CLS CELESTICA INC | Technology | 525.6K | $148.1M | 0.7% | +53.8% |
| AAPL APPLE INC | Technology | 563.5K | $143.0M | 0.6% | +94.7% |
| UNP UNION PACIFIC CORP | Industrials | 532.9K | $129.3M | 0.6% | +877.5% |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 329.1K | $128.9M | 0.6% | +17.6% |
| B BARRICK MINING CORP | Materials | 3.1M | $125.6M | 0.6% | +23.8% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 92.2K | $121.8M | 0.5% | +7.1% |
| FIX COMFORT SYSTEMS USA INC | Industrials | 86.5K | $119.2M | 0.5% | +26.8% |
| MO ALTRIA GROUP INC | Consumer staples | 1.7M | $112.5M | 0.5% | -48.0% |
| GOOG ALPHABET INC-CL C | Technology | 387.0K | $111.0M | 0.5% | New |
| APH AMPHENOL CORP-CL A | Technology | 863.0K | $109.0M | 0.5% | +8.1% |
| VRT VERTIV HOLDINGS CO-A | Technology | 429.8K | $107.7M | 0.5% | -0.2% |
| NUE NUCOR CORP | Industrials | 618.5K | $104.6M | 0.5% | New |
| TER TERADYNE INC | Technology | 338.9K | $100.5M | 0.4% | +69.7% |
| CSX CSX CORP | Industrials | 2.4M | $97.5M | 0.4% | +243.8% |
| CRDO CREDO TECHNOLOGY GROUP HOLDI | Technology | 1.0M | $96.5M | 0.4% | +220.2% |
| C CITIGROUP INC | Financials | 793.4K | $90.0M | 0.4% | +10.8% |
| PCAR PACCAR INC | Industrials | 777.1K | $89.8M | 0.4% | New |
| NRG NRG ENERGY INC | Utilities | 588.5K | $86.0M | 0.4% | +54.5% |
| TLN TALEN ENERGY CORP | Utilities | 266.1K | $84.9M | 0.4% | +0.3% |
| BKR BAKER HUGHES CO | Industrials | 1.4M | $84.3M | 0.4% | +284.0% |
| SNPS SYNOPSYS INC | Technology | 208.4K | $82.6M | 0.4% | New |
| ALAB ASTERA LABS INC | Technology | 750.9K | $82.3M | 0.4% | +212.2% |
| HCA HCA HEALTHCARE INC | Healthcare | 173.8K | $82.2M | 0.4% | -47.2% |
| TSEM TOWER SEMICONDUCTOR LTD | Technology | 462.7K | $81.2M | 0.4% | New |
| STLD STEEL DYNAMICS INC | Industrials | 438.1K | $78.9M | 0.4% | New |
| WFC WELLS FARGO & CO | Financials | 942.6K | $75.0M | 0.3% | -17.4% |
| MFC MANULIFE FINANCIAL CORP | Financials | 2.1M | $72.6M | 0.3% | -17.4% |
| ONTO ONTO INNOVATION INC | Other | 348.4K | $71.4M | 0.3% | +274.1% |
| AMKR AMKOR TECHNOLOGY INC | Technology | 1.6M | $71.2M | 0.3% | +1976.4% |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 336.2K | $70.3M | 0.3% | -23.7% |
| WDC WESTERN DIGITAL CORP | Technology | 249.0K | $67.4M | 0.3% | +244.3% |
| UTHR UNITED THERAPEUTICS CORP | Healthcare | 111.2K | $65.9M | 0.3% | +72.1% |
| LLY ELI LILLY & CO | Healthcare | 70.8K | $65.1M | 0.3% | -3.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 993 | $22.40B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 1040 | $27.42B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 1014 | $25.53B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 585 | $24.79B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 664 | $21.55B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 691 | $21.81B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 773 | $17.66B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 877 | $19.15B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 677 | $19.78B | canonical | SEC ↗ |
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