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Bridgewater Associates, the world's largest hedge fund, made significant adjustments to its holdings in U.S. tech giants in the second quarter, just like Warren Buffett, who sold off his holdingsapple, while significantly increasing holdingsAmazonandMicrosoft, the quarter's AI chip giantNvidiaSold some shares, but increased holdings of another popular AI concept stockBroadcom。

On Wednesday, August 14, Eastern Time, Bridgewater submitted a 13F document to U.S. regulators, revealing that Apple was the stock that Bridgewater sold the most in the second quarter of this year, both in terms of the market value of the shares sold and the change in its share in the investment portfolio compared with the first quarter.

Bridgewater's second quarterapple(AAPL) holdings decreased by about 1.373 million shares from the previous quarter, with a market value of about US$289 million. The number of shares held dropped sharply by 74.5% from the previous quarter, and the holdings fell to 469,000 shares. The proportion in the portfolio dropped from 1.6% to 0.52%, and the holdings ranked 38th. In the same quarter, Buffett'sBerkshireHathaway will, reducing its holdings by nearly 390 million shares, with a market value of US$82 billion.

Judging from the market value of the reduced shares, the company that launched the star weight loss drug telportipadEli Lilly(LLY) is the second largest stock after Apple. In the second quarter, Bridgewater reduced its holdings of Eli Lilly by nearly 185,000 shares, with a market value of approximately US$167 million. The number of shares held decreased by 65.9% month-on-month, ranking 44th in holdings.

Bridgewater's third largest reduction is Google's parent companyAlphabet(GOOG), sold nearly 829,000 shares in the quarter, with a market value of approximately US$151 million. The number of shares held decreased by 15.4% month-on-month, ranking third in terms of holdings. Cable TV, broadband and IP phone service providers followed closely behind.Comcast(CMCSA), reduced its holdings by approximately 2.27 million shares in the quarter, with a market value of approximately US$88.8 million. The number of shares held decreased by 56.5% month-on-month, and its holdings ranked 51st.

Bridgewater's fifth largest holding in the second quarterProcter & Gamble(PG) ranked fifth in terms of share reduction, reducing its holdings by nearly 512,000 shares in the quarter, with a market value of approximately US$84.4 million. The number of shares held decreased by nearly 12.5% ​​month-on-month.

Among Bridgewater's holdings, it ranks second only to Alphabet.NvidiaNVDA was also reduced in the second quarter, with its holdings falling by nearly 490,000 shares, a month-on-month decrease of nearly 7%.Pinduoduo(PDD), reduced its holdings by nearly 290,000 shares in the second quarter, and the number of shares held decreased by nearly 18.8% month-on-month, ranking 21st in holdings.

The 13F file also shows that Bridgewater’s two major holdings in the second quarterAmazonandMicrosoftAmong them, in the second quarter, Amazon (AMZN) was increased by nearly 1.6 million shares, with a market value of approximately US$309 million, and the number of shares held surged by approximately 152.5% month-on-month; Microsoft (MSFT) was increased by approximately 510,000 shares, with a market value of approximately US$228 million, and the number of shares held increased by 88.1% month-on-month.

Judging from the market value of the shares sold,Broadcom(AVGO) ranked third in terms of the scale of its increase in holdings, with the market value of the increased holdings in the quarter being approximately US$195 million. In the second quarter, Bridgewater also increased its holdings in chip stocks.AMD420,000 shares, a 62% increase from the previous month.ExxonMobil(XOM) was increased by nearly 790,000 shares in the second quarter, with a market value of approximately US$90.9 million. The number of shares held increased by 521.4% month-on-month.

As of the end of the second quarter, the total market value of Bridgewater's U.S. stock holdings was $19.2 billion, a decrease of $600 million from the previous quarter. The top ten holdings in the quarter accounted for more than 30% of Bridgewater's investment portfolio, with a concentration of about 35.4%.

At the end of the quarter, Bridgewater's largest holding was the iShares Core S&P 500, a fund that tracks large-cap U.S. stocks. ETF (IVV), slightly increased its holdings by 4,562 shares in the second quarter, with a market value of approximately US$1.15 billion at the end of the quarter. The second largest holding is the iShares Core MSCI Emerging Markets ETF (IEMG), a fund that tracks emerging market companies, with a market value of nearly US$1 billion at the end of the quarter.

The third to tenth places are Google, Nvidia, Procter & Gamble, Amazon, Microsoft, Meta which reduced its holdings by 31,600 shares in the second quarter, Johnson & Johnson, and Walmart which reduced its holdings by 370,000 shares in the second quarter.