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Following Buffett's massive selling of Apple shares in the second quarter, the world's largest hedge fund, Bridgewater Associates, also sold more than 70% of its Apple holdings.

On August 15th local time, Bridgewater Fund submitted its holdings (13F) as of the end of the second quarter to the U.S. Securities and Exchange Commission (SEC).

The document shows that as of June 30, 2024, Bridgewater's overall U.S. stock holdings were $19.1 billion, a slight decrease from $19.7 billion in the previous quarter. This is also the first time that the fund's holdings have decreased in nearly a year.

Statistics from the 13F data platform Whalewisdom show that in the second quarter of 2024, Bridgewater Fund increased its holdings of 199 targets, reduced its holdings of 390 targets, added 282 targets, and liquidated 82 targets. The proportion of the top ten holdings in total assets increased from 31.4% to 35.36%.

Specifically, Bridgewater Fund's top ten holdings in the second quarter of 2024 include 2 ETFs and 8 individual stocks. Among them, the top two holdings are still iShares Core S&P 500 ETF (IVV) and iShares Core MSCI Emerging Markets ETF (IEMG).

In terms of portfolio adjustments and stock replacements, in the second quarter of this year, Bridgewater Fund slightly increased its holdings of IVV by 4,562 shares, with a market value of US$1.15 billion at the end of the period, accounting for 6% of the investment portfolio; it further reduced its holdings of IEMG by 1,457 shares, with a market value of US$999 million at the end of the period, accounting for 5.22% of the investment portfolio.

Overall, compared with the end of the first quarter of 2024, the changes in Bridgewater Fund's third to tenth largest holdings in the second quarter are also quite obvious. Among them, Google, Nvidia, and Procter & Gamble ranked third to fifth largest holdings, with 828,600 shares, 489,800 shares, and 511,700 shares reduced respectively. META and Walmart also saw their holdings reduced by 31,600 shares and 370,700 shares respectively. Coca-Cola and Costco withdrew from the top ten holdings.

In terms of increasing holdings, Amazon, Microsoft, and Johnson & Johnson received 1.5977 million shares, 510,800 shares, and 361,100 shares, respectively. Among them, Amazon entered the top ten holdings in the second quarter after being first established in the first quarter of this year; Microsoft also entered the list of top ten heavily held stocks.

On the other hand, on Bridgewater's second quarter "Top Buys" list, the five stocks with the largest number of increases were Amazon, Microsoft, ExxonMobil, Cameco, and iShares Core S&P 500 ETF.

It is worth mentioning that in the second quarter, Bridgewater also established positions in Constellation Energy, Chevron and Uranium Energy, with positions of 194,000 shares, 153,000 shares and 4.04 million shares respectively.

In addition, Bridgewater Fund also liquidated and reduced its holdings in many targets in the second quarter of this year.

Specifically, Apple, Eli Lilly, CVS Health (CVS), Comcast and Starbucks appeared on Bridgewater's "Top Sells" list in the second quarter. Among them, Apple's holdings were reduced from 1.84 million shares to 469,000 shares, a decrease of nearly 75%, and the market value of holdings in the second quarter was US$98.849 million.