Bridgewater increases chip stocks and reduces software stocks in Q1, with a holdings market value of $22.4 billion.

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Mars Finance News, May 16 — Bridgewater, the world’s largest hedge fund, released its U.S. stock holdings report (13F) for the first quarter through the end of March this year. The report shows that in the first quarter, Bridgewater opened new positions in 214 stocks, increased holdings in 292 stocks, fully exited positions in 261 stocks, and reduced holdings in 487 stocks.

In the first quarter, Bridgewater significantly increased its positions in chip stocks such as NVIDIA (NVDA.O), Broadcom (AVGO.O), and Micron Technology (MU.O), exited enterprise software stocks such as Salesforce (CRM.N) and ServiceNow (NOW.N), and reduced its stake in Adobe (ADBE.O).

As of the end of the first quarter, Bridgewater’s total stock holdings in U.S. equities had a market value of $22.4 billion, compared with $27.4 billion in the previous quarter. Specifically, Bridgewater increased its holdings of 827.8k shares of NVIDIA, with its portfolio weighting rising from 2.63% at the end of last year to 3.65%; increased its holdings of 670k shares of Broadcom, with its portfolio weighting rising from 1.47% at the end of last year to 2.54%; and increased its holdings of 586k shares of Micron Technology, with its portfolio weighting rising from 0.93% at the end of last year to 2.23%.

In addition, Bridgewater also established a position in TSMC for the first time—holding 1.077 million shares— and as of the end of the first quarter, the stock accounted for 1.62% of its portfolio.

NVDAX-3.73%
NVDA-4.36%
AVGO-3.38%
MU-7.22%
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