- Bridgewater Associates ditched its stake in Tesla and opened new positions in main banks final quarter.
- The world’s largest hedge fund additionally made new bets on tech shares together with Fb and BlackBerry.
- The fund bought its stakes in automaker Ford and attire manufacturers Lululemon and Underneath Armour.
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Ray Dalio’s Bridgewater Associates bought its stake in Tesla and purchased new positions in banks together with JPMorgan and Goldman Sachs within the fourth-quarter, in response to a recent filing with the Securities and Change Fee.
Dalio, the founding father of the world’s largest hedge fund, now holds a $52 million stake in JPMorgan, a $17 million stake in Goldman Sachs, and a $19 million stake in Morgan Stanley.
Different new monetary bets he took on included Wells Fargo, Bank of New York Mellon, Bank of America, and MasterCard. The fund opened new positions in some tech shares together with Alphabet, Microsoft, Facebook, Zoom, and BlackBerry.
It additionally pumped cash into airline shares, with a $5 million stake in Delta Air Lines and a $8 million stake in Southwest Airlines. The investing legend additionally utterly minimize publicity to retailers Lowe’s Companies and Home Depot, attire manufacturers Lululemon Athletica and Under Armour, and automaker Ford.
Dalio’s hedge fund suffered a hefty $12.1 billion loss for traders in 2020, after failing to place adequately through the downturn and the following rebound. However he’s nonetheless the best-performing asset supervisor of all time, reaping positive factors of $46.5 billion since inception.
Bridgewater Associates manages about $150 billion in property, based mostly on knowledge as much as January 2021.