U.S. stock holdings shrink by $5 billion, yet it doubles down on semiconductors—Bridgewater’s reshuffling is worth studying more than even the Fed’s speeches

Bridgewater Associates announced its U.S. stock 13F as of the end of March: 214 new positions established in the first quarter, 292 increased positions, 261 closed positions, and 487 reduced positions. Significant increase in chip stocks: Nvidia 827.8k shares, Broadcom 670k shares, Micron Technology 586k shares, with holdings accounting for 3.65%, 2.54%, and 2.23% respectively; TSMC established a new position for the first time with 827.8k shares, accounting for 1.62%. At the same time, sold out of Salesforce and ServiceNow, reduced holdings in Adobe. The market value of U.S. stock holdings is $22.4 billion, down from $27.4 billion in the previous quarter.