bridgewater-adds-new-stakes-in-chip-makers-and-boosts-ge-bet,-while-selling-off-boeing,-delta,-ups-holdings

Bridgewater adds new stakes in chip makers and boosts GE bet, while selling off Boeing, Delta, UPS holdings

Bridgewater Associates LP has disclosed that the value of its equity holdings as of the end of the second quarter increased by 37.5% from the end of the first quarter, while the S&P 500
SPX,
0.16%

increased just 8.2% over the same time. The hedge fund manager’s largest company holding in terms of value as of June 30 was Walmart Inc.
WMT,
0.32%
,
with the fund increasing its ownership by 51% in three months to $736.5 million, while its holding of rival discount retailer Target Inc.
TGT,
-0.13%

grew 91% to $216.3 million. Among other changes the fund made to its holdings during the second quarter, it reduced its holding in Tesla Inc.
TSLA,
-0.70%

by 31% to $17.15 million; it add new investments in chipmakers Nvidia Corp.
NVDA,
1.42%

worth $16.9 million, Advanced Micro Devices Inc.
AMD,
3.80%

worth $10.4 million, Intel Corp.
INTC,
-0.09%

worth $2.0 million and Micron Technology Inc.
MU,
0.95%

worth $18.4 million; it sold off its stakes in Delta Air Lines Inc.
DAL,
-1.55%

and Southwest Airlines Co.
LUV,
-1.14%
,
while adding a new $1.6 million stake in United Airlines Holdings Inc.
UAL,
-1.59%

; it sold off its stakes in United Parcel Service Inc.
UPS,
0.18%

and Boeing Co.
BA,
-1.56%
,
but added new stakes in Caterpillar Inc.
CAT,
-0.76%

($18.8 million) and Deere & Co.
DE,
-0.42%

($26.6 million); added a $1.6 million bet on Carnival Corp.
CCL,
-2.14%

; and boosted its stake in General Electric Co.
GE,
-1.50%

by nearly 29 times to $18.6 million from about $650,000.