Bridgewater Fund aggressively acquires AI tech giants, further reducing exposure to the Chinese market

Ray Dalio's Bridgewater Associates released its first-quarter holdings report 13F, with the firm focusing on investments in the "Seven Giants" excluding Tesla, as well as reducing its position in the Chinese market that it has traditionally favored.

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Ray Dalio advised investors last September to invest in companies that utilize new technologies such as AI, rather than those creating innovative technologies.

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According to whalewisdom.com, Bridgewater Associates released its first-quarter holdings report, 13F, this season, significantly increasing its holdings in six major US tech giants including Microsoft, Google, Nvidia, Apple, Meta, and Amazon, while not increasing its holdings in Tesla.

Among them, Amazon is a new stock purchased by Bridgewater this season, and they also acquired AMD, a competitor of Nvidia.

Reducing Defensive Stocks and Chinese Concept Stocks

In terms of reducing individual stock holdings, Bridgewater reduced positions in defensive stocks, including Coca-Cola, Costco, and McDonald's.

In this round, Bridgewater also reduced holdings in Chinese concept stocks, including Pinduoduo and the Chinese large-cap ETF FXI, as well as the emerging market ETF IEMG.

Ray Dalio has always been a supporter of the Chinese market and has maintained a good relationship with Chinese officials for a long time. However, in March, he warned that China should reduce its debt and loosen its monetary policy, or else it will face a "hundred-year storm."

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