13F filing recap · Q1 2025

What did Bridgewater Associates LP buy in Q1 2025?

Reported stock-position changes between this filing and the previous one.

Stock value

$21.55B

Positions

664

Estimated turnover

59.8%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

Bridgewater Associates opened new positions in Spdr Gold Trust, Jd.com, United Airlines Holdings, Chubb Limited, and Delta Air Lines, along with a long list of additional new stakes spanning airlines, financials, industrials, and technology.

New positions

GLDSpdr® Gold Trust$318.80Mreported value+1.11M shares JDJd.com, Inc.$114.59Mreported value+2.79M shares UALUnited Airlines Holdings, Inc.$105.74Mreported value+1.53M shares CBChubb Limited$82.27Mreported value+272.4K shares DALDelta Air Lines, Inc.$69.89Mreported value+1.60M shares GSThe Goldman Sachs Group, Inc.$51.94Mreported value+95.1K shares BLDRBuilders Firstsource, Inc.$37.20Mreported value+297.8K shares ALKAlaska Air Group, Inc.$33.84Mreported value+687.4K shares LUVSouthwest Airlines Co.$28.65Mreported value+853.1K shares NFLXNetflix, Inc.$28.45Mreported value+30.5K shares SPOTSpotify Technology S.a.$26.18Mreported value+47.6K shares CRSCarpenter Technology Corporation$25.95Mreported value+143.3K shares FANGDiamondback Energy, Inc.$21.12Mreported value+132.1K shares JPMJPMorgan Chase & Co$20.23Mreported value+82.5K shares RJFRaymond James Financial Inc$16.41Mreported value+118.2K shares AAAlcoa Corp$15.95Mreported value+523.0K shares RYAAYRyanair Holdings Plc$15.87Mreported value+374.5K shares CACICaci International Inc$15.65Mreported value+42.6K shares DKNGDraftkings Inc.$15.29Mreported value+460.3K shares ALLEAllegion Plc$14.32Mreported value+109.8K shares NUENucor Corporation$13.56Mreported value+112.6K shares FRSHFreshworks Inc.$13.09Mreported value+927.9K shares WSCWillscot Holdings Corporation$12.66Mreported value+455.3K shares VRSKVerisk Analytics, Inc.$12.17Mreported value+40.9K shares BAMBrookfield Asset Management Ltd.$10.64Mreported value+219.8K shares GMEDGlobus Medical, Inc.$9.74Mreported value+133.1K shares WWDWoodward, Inc.$9.27Mreported value+50.8K shares GTLBGitlab Inc.$9.06Mreported value+192.7K shares TEXTerex Corporation$8.99Mreported value+238.0K shares PRPermian Resources Corporation$8.95Mreported value+646.0K shares AIGAmerican International Group, Inc.$8.51Mreported value+97.9K shares OSKOshkosh Corporation$8.07Mreported value+85.8K shares PRMBPrimo Brands Corp$8.06Mreported value+227.2K shares WHDCactus, Inc.$7.72Mreported value+168.4K shares IBKRInteractive Brokers Group, Inc.$7.67Mreported value+46.3K shares CWCurtiss-Wright Corporation$6.77Mreported value+21.3K shares JKHYJack Henry & Associates, Inc.$6.67Mreported value+36.5K shares SCHWSchwab Charles Corp$6.64Mreported value+84.8K shares FOURShift4 Payments, Inc.$6.54Mreported value+80.0K shares JEFJefferies Financial Group Inc.$6.43Mreported value+120.1K shares JBHTJ.b. Hunt Transport Services, Inc.$6.02Mreported value+40.7K shares KNTKKinetik Holdings Inc.$5.76Mreported value+110.9K shares DDOGDatadog, Inc.$5.71Mreported value+57.5K shares USBUS Bancorp$5.15Mreported value+122.0K shares AWIArmstrong World Industries, Inc.$5.11Mreported value+36.3K shares DOCUDocusign, Inc.$5.09Mreported value+62.6K shares AXSMAxsome Therapeutics, Inc.$4.99Mreported value+42.8K shares RCLRoyal Caribbean Cruises Ltd$4.82Mreported value+23.5K shares BMOBank of Montreal$4.48Mreported value+46.9K shares UGIUgi Corporation$4.44Mreported value+134.3K shares TEAMAtlassian Corporation$4.39Mreported value+20.7K shares FAFFirst American Financial Corporation$4.35Mreported value+66.3K shares GDGeneral Dynamics Corp$4.34Mreported value+15.9K shares PAYCPaycom Software, Inc.$4.34Mreported value+19.9K shares WFRDWeatherford International Plc$3.92Mreported value+73.3K shares VOOVanguard Index Funds$3.91Mreported value+7.6K shares CNXCConcentrix Corporation$3.44Mreported value+61.8K shares MDUMdu Resources Group, Inc.$3.29Mreported value+194.7K shares EATBrinker International, Inc.$3.18Mreported value+21.3K shares GFLGfl Environmental Inc.$3.12Mreported value+64.6K shares KMTKennametal Inc$3.03Mreported value+142.3K shares MWAMueller Water Products, Inc.$3.02Mreported value+118.7K shares LBRDKLiberty Broadband Corporation$2.64Mreported value+31.1K shares FCNCAFirst Citizens Bancshares Inc /de/$2.60Mreported value+1.4K shares ASGNAsgn Incorporated$2.57Mreported value+40.8K shares JBTMJbt Marel Corporation$2.48Mreported value+20.3K shares BERYBerry Global Group Inc$2.37Mreported value+34.0K shares IRDMIridium Communications Inc.$2.23Mreported value+81.7K shares STNStantec Inc.$2.10Mreported value+25.4K shares BILLBill Holdings, Inc.$1.95Mreported value+42.5K shares MPWRMonolithic Power Systems Inc$1.90Mreported value+3.3K shares FDXFedex Corporation$1.80Mreported value+7.4K shares MSTRStrategy Inc$1.79Mreported value+6.2K shares NCNONcino, Inc.$1.68Mreported value+61.3K shares YETIYeti Holdings, Inc.$1.66Mreported value+50.1K shares CCKCrown Holdings, Inc.$1.63Mreported value+18.2K shares MTBM&T Bank Corporation$1.51Mreported value+8.4K shares KBRKbr, Inc.$1.40Mreported value+28.1K shares VZVerizon Communications Inc$1.38Mreported value+30.5K shares LUMNLumen Technologies, Inc.$1.20Mreported value+307.1K shares ZMZoom Communications, Inc.$1.14Mreported value+15.5K shares GTESGates Industrial Corp Ltd.$1.11Mreported value+60.3K shares RFRegions Financial Corporation$985.1Kreported value+45.3K shares MMSMaximus, Inc.$859.7Kreported value+12.6K shares SHOPShopify Inc.$829.3Kreported value+8.7K shares WRBW. R. Berkley Corp$815.4Kreported value+11.5K shares TIGOMillicom International Cellular SA$799.2Kreported value+26.4K shares HONHoneywell International Inc$582.3Kreported value+2.8K shares OBDCBlue Owl Capital Corporation$516.0Kreported value+35.2K shares CPTCamden Property Trust$503.1Kreported value+4.1K shares PBFPbf Energy Inc.$499.6Kreported value+26.2K shares WFGWest Fraser Timber Co. Ltd.$447.4Kreported value+5.8K shares KDKyndryl Holdings, Inc.$414.5Kreported value+13.2K shares ACMAecom$376.8Kreported value+4.1K shares TRMBTrimble Inc.$371.6Kreported value+5.7K shares RAMPLiveramp Holdings, Inc.$368.2Kreported value+14.1K shares BCCBoise Cascade Company$364.8Kreported value+3.7K shares MTHMeritage Homes Corporation$330.8Kreported value+4.7K shares GNWGenworth Financial, Inc.$329.9Kreported value+46.5K shares EXELExelixis, Inc.$307.0Kreported value+8.3K shares UPWKUpwork Inc.$289.4Kreported value+22.2K shares OHIOmega Healthcare Investors, Inc.$286.9Kreported value+7.5K shares KRCKilroy Realty Corporation$283.5Kreported value+8.7K shares CVCOCavco Industries, Inc.$274.9Kreported value+529 shares SEESealed Air Corporation$266.6Kreported value+9.2K shares SSRMSsr Mining Inc.$253.3Kreported value+25.3K shares TPGTpg Inc.$232.5Kreported value+4.9K shares PLXSPlexus Corp.$231.5Kreported value+1.8K shares EXPDExpeditors International of Washington, Inc.$218.5Kreported value+1.8K shares ORealty Income Corp$213.9Kreported value+3.7K shares AIC3.ai, Inc.$213.4Kreported value+10.1K shares HIIHuntington Ingalls Industries, Inc.$209.3Kreported value+1.0K shares HBANHuntington Bancshares Incorporated$205.2Kreported value+13.7K shares OTTROtter Tail Corporation$203.0Kreported value+2.5K shares GWWW.w. Grainger, Inc.$200.5Kreported value+203 shares BTGB2gold Corp.$194.1Kreported value+68.3K shares CGAUCenterra Gold Inc.$175.3Kreported value+27.6K shares LEVILevi Strauss & Co.$167.4Kreported value+10.7K shares NOVNov Inc.$167.1Kreported value+11.0K shares EQXEquinox Gold Corp.$158.8Kreported value+23.1K shares AVDXAvidxchange Holdings, Inc.$152.9Kreported value+18.0K shares HSTHost Hotels & Resorts, Inc.$152.3Kreported value+10.7K shares AMCRAmcor Plc$111.8Kreported value+11.5K shares

Increased positions

IVViShares Trust$1.22Breported value+135.9K shares+6.7%IEMGIshares, Inc.$1.02Breported value+1.30M shares+7.4%BABAAlibaba Group Holding Limited$748.46Mreported value+5.41M shares+2119.5%BKNGBooking Holdings Inc.$308.97Mreported value+35.5K shares

Reduced positions

SPYSPDR S&P 500 ETF Trust$1.87Breported value-4.89M shares-59.4%GOOGLAlphabet Inc.$470.47Mreported value-579.0K shares-16.0%NVDANvidia Corp$308.01Mreported value-655.4K shares-18.7%METAMeta Platforms, Inc.$245.31Mreported value-195.5K shares

Exited positions

ONOn Semiconductor Corporation$42.67Mprior reported value-676.7K shares-100.0%MRNAModerna, Inc.$25.19Mprior reported value-605.8K shares-100.0%LYFTLyft, Inc.$23.57Mprior reported value-1.83M shares-100.0%CHWYChewy, Inc.$21.79Mprior reported value-650.7K shares