Bridgewater Associates, LP 13F Filings Tracker & Analysis
Bridgewater Associates, LPDiversified strategyMomentum followerHigh-turnover trader
Total reported value
$22.4B
Reporting period: 2026-03-31 · Number of holdings: 993
Bridgewater Associates, LP disclosed 993 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $22.4B and a quarterly turnover rate of 63.7%.
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Personality snowflake
- Concentration
- 12.01
- Portfolio Stability
- 63.74
- Momentum/Contrarian
- 96.05
- Sector conviction
- 62.1
- Diversification
- 100
- Sizing Uniformity
- 46.3
Recent moves
Trim IVV
-36.0% -$1.1B
Add AMZN
+125.3% $464.3M
Trim ADBE
-99.9% -$445.9M
Add SPY
-2.0% -$199.6M
Trim BKNG
-99.9% -$431.0M
Add MU
+65.9% $244.6M
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
Bridgewater is orchestrating an aggressive factor rotation – slashing its S&P 500 proxy (IVV) by nearly a third while doubling down on AI-infrastructure winners AMZN, TSM, and MU. The simultaneous exit from CRM, ADBE, BKNG, and MA signals a clean pivot away from software and payments, hunting alpha through momentum – not broad market beta.
Macro & Fundamentals
The flows price a regime where value creation concentrates in semiconductor manufacturing and e-commerce logistics, while enterprise software and transaction processing face structural headwinds from AI disruption. The opposing thesis: the semis cycle is peaking, capex spending disappoints, and the rotated-into names suffer multiple compression as consensus packs into the same trade.
Blind Spots / Risks
With a momentum score of 96 and IT absorbing 40% of risk, Bridgewater is long the most crowded factor and the most crowded sector. If the AI rally stalls or a recession repricing triggers a flight to safety, the simultaneous unwind of these overloaded momentum and tech positions could create a liquidity trap that no amount of diversification (993 holdings) can escape.
Generated by AI based on public SEC filings. Reflects past holdings only and should not be treated as investment advice.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 12.67% | +1.59% | -2.03% | |
| 2 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 7.81% | -2.64% | -35.99% | |
| 3 | AMZN | Amazon.com INC | Stock-Consumer Disc | 4.08% | +2.44% | +125.26% | |
| 4 | NVDA | Nvidia CORP | Stock-Tech | 3.65% | +1.02% | +21.42% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.56% | +0.74% | +25.57% | |
| 6 | AVGO | Broadcom INC | Stock-Tech | 2.54% | +1.07% | +57.44% | |
| 7 | MU | Micron Technology INC | Stock-Tech | 2.23% | +1.30% | +65.88% | |
| 8 | MSFT | Microsoft CORP | Stock-Tech | 1.79% | +0.05% | +10.25% | |
| 9 | GEV | GE Vernova INC | Stock-Industrials | 1.69% | — | -34.70% | |
| 10 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.62% | +1.62% | NEW | |
| 11 | LRCX | Lam Research CORP | Stock-Tech | 1.50% | -0.40% | -48.34% | |
| 12 | AMD | Advanced Micro Devices | Stock-Tech | 1.17% | -0.12% | -21.96% | |
| 13 | NEM | Newmont CORP | Stock-Materials | 1.12% | — | +0.33% | |
| 14 | ORCL | Oracle CORP | Stock-Tech | 1.05% | -0.28% | -15.02% | |
| 15 | EWY | Ishares Msci South Korea ETF | ETF-Other | 0.97% | — | -14.77% | |
| 16 | MRVL | Marvell Technology INC | Stock-Tech | 0.86% | +0.55% | +97.42% | |
| 17 | AMAT | Applied Materials INC | Stock-Tech | 0.85% | +0.40% | +17.24% | |
| 18 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.76% | -0.23% | -46.96% | |
| 19 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.74% | — | +30.38% | |
| 20 | ANET | Arista Networks INC | Stock-Tech | 0.73% | — | +0.05% | |
| 21 | KLAC | Kla CORP | Stock-Tech | 0.71% | +0.36% | +38.67% | |
| 22 | CLS | Celestica INC | Stock-Tech | 0.66% | — | +53.79% | |
| 23 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.66% | — | +4.48% | |
| 24 | AAPL | Apple INC | Stock-Tech | 0.64% | — | +94.66% | |
| 25 | UNP | Union Pacific CORP | Stock-Industrials | 0.58% | +0.53% | +877.54% | |
| 26 | MBB | Ishares Mbs ETF | ETF-Other | 0.58% | — | -1.12% | |
| 27 | STX | Seagate Technology Holdings plc | Stock-Tech | 0.58% | — | +17.55% | |
| 28 | B | Barrick Mining CORP | Stock-Materials | 0.56% | — | +23.84% | |
| 29 | ASML | ASML Holding N.V. | Stock-Tech | 0.54% | — | +7.09% | |
| 30 | FIX | Comfort Systems USA INC | Stock-Industrials | 0.53% | — | +26.78% | |
| 31 | MO | Altria Group INC | Stock-Consumer Staples | 0.50% | -0.19% | -47.95% | |
| 32 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 0.50% | — | +2.23% | |
| 33 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.50% | +0.50% | NEW | |
| 34 | SE | Sea Ltd-adr | Stock-Comm Services | 0.49% | -0.22% | -12.73% | |
| 35 | APH | Amphenol Corp-cl A | Stock-Tech | 0.49% | — | +8.10% | |
| 36 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 0.48% | — | -0.19% | |
| 37 | NUE | Nucor CORP | Stock-Materials | 0.47% | +0.47% | NEW | |
| 38 | TER | Teradyne INC | Stock-Tech | 0.45% | — | +69.68% | |
| 39 | CSX | Csx CORP | Stock-Industrials | 0.44% | +0.35% | +243.75% | |
| 40 | CRDO | Credo Technology Group Holding Ltd | Stock-Tech | 0.43% | — | +220.20% | |
| 41 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.42% | +0.34% | +334.48% | |
| 42 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 0.42% | — | +5.61% | |
| 43 | C | Citigroup INC | Stock-Financials | 0.40% | — | +10.76% | |
| 44 | ARM | Arm Holdings Plc-adr | Stock-Tech | 0.40% | — | +81.83% | |
| 45 | PCAR | Paccar INC | Stock-Industrials | 0.40% | +0.40% | NEW | |
| 46 | NRG | Nrg Energy INC | Stock-Utilities | 0.38% | — | +54.51% | |
| 47 | TLN | Talen Energy CORP | Stock-Utilities | 0.38% | — | +0.32% | |
| 48 | BKR | Baker Hughes Co | Stock-Energy | 0.38% | +0.32% | +284.01% | |
| 49 | EMXC | Ishares Msci Emr Mrk Ex Chna | ETF-Other | 0.38% | +0.38% | NEW | |
| 50 | SNPS | Synopsys INC | Stock-Tech | 0.37% | +0.37% | NEW |
1–50 of 993
Portfolio Performance
Performance for Q3 2026
+2.4%
Performance Last 4 Quarters
+24.7%
Based on 75% of reported portfolio value with available pricing
- Stdev
- +14.7%
- Beta
- +1.02
- Alpha
- -1%
- Max Drawdown
- -7.7%
- Annualized Perf
- +18.1%
- Batting Avg vs S&P
- +52.8%
- Sortino
- +2.37
- Stutzer
- +0.36
- Treynor
- +0.17
- Sterling
- +1.06
- Calmar
- +2.36
- Information Ratio
- -0.11
- Tracking Error
- +6.2%
- Stdev Down
- +7.5%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +41.9%
- Worst 12 Months
- +5.4%
- Efficiency Ratio
- +0.5
- Sharpe
- +1.21
- Stdev Sectors
- +10.3%
- Skewness
- +0.22
- Kurtosis
- +0.38
- Upside Potential
- +4.07
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 993 | $22.4B | 64 | |
| 2025-12-31 | 1040 | $27.4B | 42 | |
| 2025-09-30 | 1014 | $25.5B | 74 | |
| 2025-06-30 | 585 | $24.8B | 0 | |
| 2025-03-31 | 664 | $21.6B | 100 | |
| 2024-12-31 | 691 | $21.8B | 0 | |
| 2024-09-30 | 773 | $17.7B | 0 | |
| 2024-06-30 | 877 | $19.2B | 0 | |
| 2024-03-31 | 677 | $19.8B | 0 | |
| 2023-12-31 | 742 | $17.9B | 0 | |
| 2023-09-30 | 740 | $16.5B | 0 | |
| 2023-06-30 | 696 | $16.2B | 0 | |
| 2023-03-31 | 710 | $16.4B | 0 | |
| 2022-12-31 | 820 | $18.3B | 0 | |
| 2022-09-30 | 866 | $19.8B | 0 | |
| 2022-06-30 | 985 | $23.6B | 0 | |
| 2022-03-31 | 968 | $24.8B | 0 | |
| 2021-12-31 | 731 | $17.2B | 0 | |
| 2021-09-30 | 683 | $18.3B | 0 | |
| 2021-06-30 | 704 | $15.6B | 84 | |
| 2021-03-31 | 455 | $11.3B | 43 | |
| 2020-12-31 | 525 | $11.6B | 48 | |
| 2020-09-30 | 430 | $8.3B | 53 | |
| 2020-06-30 | 383 | $6.0B | 72 | |
| 2020-03-31 | 399 | $5.0B | 72 | |
| 2019-12-31 | 471 | $9.8B | 41 | |
| 2019-09-30 | 333 | $11.4B | 31 | |
| 2019-06-30 | 305 | $12.8B | 44 | |
| 2019-03-31 | 303 | $16.3B | 66 | |
| 2018-12-31 | 472 | $10.9B | 38 | |
| 2018-09-30 | 354 | $9.7B | 16 | |
| 2018-06-30 | 460 | $10.0B | 100 | |
| 2018-03-31 | 457 | $10.5B | 0 | |
| 2017-12-31 | 246 | $12.2B | 30 | |
| 2017-09-30 | 286 | $14.9B | 40 | |
| 2017-06-30 | 343 | $10.9B | 34 | |
| 2017-03-31 | 236 | $8.8B | 30 | |
| 2016-12-31 | 267 | $10.5B | 22 | |
| 2016-09-30 | 299 | $10.2B | 39 | |
| 2016-06-30 | 340 | $8.0B | 19 | |
| 2016-03-31 | 253 | $7.9B | 22 | |
| 2015-12-31 | 263 | $7.7B | 24 | |
| 2015-09-30 | 430 | $7.5B | 58 | |
| 2015-06-30 | 306 | $10.8B | 26 | |
| 2015-03-31 | 328 | $12.8B | 12 | |
| 2014-12-31 | 335 | $12.5B | 12 | |
| 2014-09-30 | 363 | $12.8B | 11 | |
| 2014-06-30 | 303 | $13.3B | 16 | |
| 2014-03-31 | 339 | $12.2B | 13 | |
| 2013-12-31 | 293 | $12.5B | 12 | |
| 2013-09-30 | 311 | $11.9B | 14 | |
| 2013-06-30 | 323 | $11.4B | 0 |
Holding changes this quarter
Bridgewater Associates, LP's most significant position changes for 2026-03-31: Sold out: Salesforce INC (CRM); New buy: Taiwan Semiconductor-sp Adr (TSM); Sold out: Workday Inc-class A (WDAY); Sold out: Servicenow INC (NOW); New buy: Alphabet Inc-cl C (GOOG).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com INC | +2.4% | +125.26% | Add |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | +1.6% | -2.03% | Trim |
| 3 | MU | Micron Technology INC | +1.3% | +65.88% | Add |
| 4 | AVGO | Broadcom INC | +1.1% | +57.44% | Add |
| 5 | NVDA | Nvidia CORP | +1% | +21.42% | Add |
| 6 | GOOGL | Alphabet Inc-cl A | +0.7% | +25.57% | Add |
| 7 | MRVL | Marvell Technology INC | +0.6% | +97.42% | Add |
| 8 | UNP | Union Pacific CORP | +0.5% | +877.54% | Add |
| 9 | AMAT | Applied Materials INC | +0.4% | +17.24% | Add |
| 10 | KLAC | Kla CORP | +0.4% | +38.67% | Add |
| 11 | CSX | Csx CORP | +0.4% | +243.75% | Add |
| 12 | VOO | Vanguard S&p 500 ETF | +0.3% | +334.48% | Add |
| 13 | BKR | Baker Hughes Co | +0.3% | +284.01% | Add |
| 14 | AMKR | Amkor Technology INC | +0.3% | +1976.37% | Add |
| 15 | MSFT | Microsoft CORP | +0.1% | +10.25% | Add |
| 16 | AMD | Advanced Micro Devices | -0.1% | -21.96% | Trim |
| 17 | MO | Altria Group INC | -0.2% | -47.95% | Trim |
| 18 | HCA | Hca Healthcare INC | -0.2% | -47.22% | Trim |
| 19 | SE | Sea Ltd-adr | -0.2% | -12.73% | Trim |
| 20 | JNJ | Johnson & Johnson | -0.2% | -46.96% | Trim |
| 21 | CMCSA | Comcast Corp-class A | -0.2% | -66.02% | Trim |
| 22 | OMC | Omnicom Group | -0.2% | -99.34% | Trim |
| 23 | ORCL | Oracle CORP | -0.3% | -15.02% | Trim |
| 24 | XYZ | Block INC | -0.3% | -89.42% | Trim |
| 25 | PINS | Pinterest Inc- Class A | -0.4% | -84.70% | Trim |
| 26 | UBER | Uber Technologies INC | -0.4% | -97.27% | Trim |
| 27 | LRCX | Lam Research CORP | -0.4% | -48.34% | Trim |
| 28 | BTI | British American Tob-sp Adr | -0.4% | -74.06% | Trim |
| 29 | RDDT | Reddit Inc-cl A | -0.6% | -91.04% | Trim |
| 30 | EXPE | Expedia Group INC | -0.6% | -99.83% | Trim |
| 31 | V | Visa Inc-class A Shares | -0.7% | -95.31% | Trim |
| 32 | PYPL | Paypal Holdings INC | -0.7% | -99.70% | Trim |
| 33 | MA | Mastercard INC - A | -0.8% | -99.04% | Trim |
| 34 | BKNG | Booking Holdings INC | -1.6% | -99.93% | Trim |
| 35 | ADBE | Adobe INC | -1.6% | -99.90% | Trim |
| 36 | IVV | Ishares Core S&p 500 ETF | -2.6% | -35.99% | Trim |
| 37 | CRM | Salesforce INC | — | EXIT | Sold out |
| 38 | TSM | Taiwan Semiconductor-sp Adr | — | NEW | New buy |
| 39 | WDAY | Workday Inc-class A | — | EXIT | Sold out |
| 40 | NOW | Servicenow INC | — | EXIT | Sold out |
| 41 | GOOG | Alphabet Inc-cl C | — | NEW | New buy |
| 42 | NUE | Nucor CORP | — | NEW | New buy |
| 43 | PCAR | Paccar INC | — | NEW | New buy |
| 44 | EMXC | Ishares Msci Emr Mrk Ex Chna | — | NEW | New buy |
| 45 | SNPS | Synopsys INC | — | NEW | New buy |
| 46 | TSEM | Tower Semiconductor Ltd. | — | NEW | New buy |
| 47 | STLD | Steel Dynamics INC | — | NEW | New buy |
| 48 | GPN | Global Payments INC | — | EXIT | Sold out |
| 49 | GDDY | Godaddy INC - Class A | — | EXIT | Sold out |
| 50 | MTCH | Match Group INC | — | EXIT | Sold out |
FAQ
What is Bridgewater Associates, LP and what type of investor is it?
Bridgewater Associates, LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $22.4B, spread across 993 disclosed positions.
What are Bridgewater Associates, LP's largest equity positions?
Based on the latest 13F filing, Bridgewater Associates, LP's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $2.8B (12.7%)
2. Ishares Core S&p 500 ETF (IVV) — $1.8B (7.8%)
3. Amazon.com INC (AMZN) — $914.0M (4.1%)
4. Nvidia CORP (NVDA) — $818.5M (3.6%)
5. Alphabet Inc-cl A (GOOGL) — $574.5M (2.6%)
What changes did Bridgewater Associates, LP make in its most recent portfolio filing?
In the latest reported quarter, Bridgewater Associates, LP made 50 notable position adjustments: 8 new positions were initiated, 14 existing holdings were added to, 22 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Salesforce INC (CRM); New buy: Taiwan Semiconductor-sp Adr (TSM); Sold out: Workday Inc-class A (WDAY); Sold out: Servicenow INC (NOW); New buy: Alphabet Inc-cl C (GOOG)
What sectors does Bridgewater Associates, LP focus on?
Bridgewater Associates, LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 40.0%
• Industrials: 11.3%
• Consumer Discretionary: 9.3%
• Financials: 8.7%
• Health Care: 8.0%
• Communication Services: 7.3%
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