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Aug. 13, 2021, 2:22 p.m. EDT

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

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By Tomi Kilgore

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 /zigman2/quotes/210599714/realtime SPX -0.51% 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. /zigman2/quotes/207374728/composite WMT -0.82% , with the fund increasing its ownership by 51% in three months to $736.5 million, while its holding of rival discount retailer Target Inc. /zigman2/quotes/207799045/composite TGT -0.85% 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. /zigman2/quotes/203558040/composite TSLA +1.91% by 31% to $17.15 million; it add new investments in chipmakers Nvidia Corp. /zigman2/quotes/200467500/composite NVDA -1.08% worth $16.9 million, Advanced Micro Devices Inc. /zigman2/quotes/208144392/composite AMD -0.53% worth $10.4 million, Intel Corp. /zigman2/quotes/203649727/composite INTC -0.81% worth $2.0 million and Micron Technology Inc. /zigman2/quotes/205710729/composite MU -1.02% worth $18.4 million; it sold off its stakes in Delta Air Lines Inc. /zigman2/quotes/200327741/composite DAL -1.61% and Southwest Airlines Co. /zigman2/quotes/201071949/composite LUV -2.14% , while adding a new $1.6 million stake in United Airlines Holdings Inc. /zigman2/quotes/205037281/composite UAL -2.07% ; it sold off its stakes in United Parcel Service Inc. /zigman2/quotes/201245396/composite UPS -2.69% and Boeing Co. /zigman2/quotes/208579720/composite BA -1.53% , but added new stakes in Caterpillar Inc. /zigman2/quotes/203434128/composite CAT -1.76% ($18.8 million) and Deere & Co. /zigman2/quotes/207941296/composite DE -0.86% ($26.6 million); added a $1.6 million bet on Carnival Corp. /zigman2/quotes/202325446/composite CCL -0.82% ; and boosted its stake in General Electric Co. /zigman2/quotes/208495069/composite GE -3.34% by nearly 29 times to $18.6 million from about $650,000.

/zigman2/quotes/210599714/realtime
US : S&P US
4,551.68
-23.11 -0.51%
Volume: 2.24B
Oct. 27, 2021 5:05p
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/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 147.53
-1.22 -0.82%
Volume: 4.86M
Oct. 27, 2021 4:00p
P/E Ratio
41.58
Dividend Yield
1.49%
Market Cap
$414.79 billion
Rev. per Employee
$243,109
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/zigman2/quotes/207799045/composite
US : U.S.: NYSE
$ 256.54
-2.19 -0.85%
Volume: 2.27M
Oct. 27, 2021 4:02p
P/E Ratio
20.44
Dividend Yield
1.40%
Market Cap
$126.27 billion
Rev. per Employee
$228,756
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/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 1,037.86
+19.43 +1.91%
Volume: 38.53M
Oct. 27, 2021 4:15p
P/E Ratio
336.05
Dividend Yield
N/A
Market Cap
$1022.77 billion
Rev. per Employee
$445,694
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/zigman2/quotes/200467500/composite
US : U.S.: Nasdaq
$ 244.51
-2.66 -1.08%
Volume: 24.60M
Oct. 27, 2021 4:15p
P/E Ratio
87.28
Dividend Yield
0.07%
Market Cap
$617.92 billion
Rev. per Employee
$878,788
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/zigman2/quotes/208144392/composite
US : U.S.: Nasdaq
$ 122.28
-0.65 -0.53%
Volume: 98.25M
Oct. 27, 2021 4:00p
P/E Ratio
43.66
Dividend Yield
N/A
Market Cap
$149.11 billion
Rev. per Employee
$774,841
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/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 47.89
-0.39 -0.81%
Volume: 41.08M
Oct. 27, 2021 4:00p
P/E Ratio
9.30
Dividend Yield
2.90%
Market Cap
$196.35 billion
Rev. per Employee
$704,042
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/zigman2/quotes/205710729/composite
US : U.S.: Nasdaq
$ 68.24
-0.70 -1.02%
Volume: 13.54M
Oct. 27, 2021 4:00p
P/E Ratio
13.28
Dividend Yield
0.59%
Market Cap
$77.12 billion
Rev. per Employee
$644,302
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/zigman2/quotes/200327741/composite
US : U.S.: NYSE
$ 39.07
-0.64 -1.61%
Volume: 8.34M
Oct. 27, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$25.41 billion
Rev. per Employee
$231,014
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/zigman2/quotes/201071949/composite
US : U.S.: NYSE
$ 46.57
-1.02 -2.14%
Volume: 6.39M
Oct. 27, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$28.17 billion
Rev. per Employee
$160,142
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/zigman2/quotes/205037281/composite
US : U.S.: Nasdaq
$ 45.82
-0.97 -2.07%
Volume: 7.90M
Oct. 27, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$15.15 billion
Rev. per Employee
$206,384
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/zigman2/quotes/201245396/composite
US : U.S.: NYSE
$ 212.21
-5.86 -2.69%
Volume: 3.31M
Oct. 27, 2021 4:02p
P/E Ratio
30.25
Dividend Yield
1.92%
Market Cap
$189.95 billion
Rev. per Employee
$155,492
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/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 206.61
-3.20 -1.53%
Volume: 14.76M
Oct. 27, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$122.98 billion
Rev. per Employee
$412,489
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/zigman2/quotes/203434128/composite
US : U.S.: NYSE
$ 196.13
-3.51 -1.76%
Volume: 3.41M
Oct. 27, 2021 4:00p
P/E Ratio
24.59
Dividend Yield
2.26%
Market Cap
$109.30 billion
Rev. per Employee
$429,044
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/zigman2/quotes/207941296/composite
US : U.S.: NYSE
$ 338.23
-2.92 -0.86%
Volume: 2.00M
Oct. 27, 2021 4:00p
P/E Ratio
19.60
Dividend Yield
1.24%
Market Cap
$105.78 billion
Rev. per Employee
$510,589
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/zigman2/quotes/202325446/composite
US : U.S.: NYSE
$ 21.64
-0.18 -0.82%
Volume: 20.83M
Oct. 27, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$24.53 billion
Rev. per Employee
N/A
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/zigman2/quotes/208495069/composite
US : U.S.: NYSE
$ 103.85
-3.59 -3.34%
Volume: 8.98M
Oct. 27, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.31%
Market Cap
$117.93 billion
Rev. per Employee
$459,155
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