Bridgewater adds to Microsoft, sells SPDR S&P 500 ETF
Bridgewater Associates LP added shares of Microsoft Corp. last quarter, sold stock in SPDR S&P 500 ETF Trust and exited United Parcel Service Inc.
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Bridgewater Associates LP added shares of Microsoft Corp. last quarter, sold stock in SPDR S&P 500 ETF Trust and exited United Parcel Service Inc.
The hedge fund added 586,400 shares of Microsoft and the value of its stake increased by $27.2 million to $27.9 million as of Dec. 31, the biggest increase among previously disclosed holdings, according to a quarterly filing with the Securities and Exchange Commission.
Bridgewater cut its shares of SPDR S&P 500 ETF by 1.91 million shares, leaving 15.4 million shares valued at $3.16 billion. The value of the holding was reduced by $245.9 million, the biggest decrease among existing stakes. The firm liquidated its $14.7 million investment in UPS, selling 149,364 shares.
Bridgewater’s equity holdings declined in value by 2.3 percent to $12.5 billion, a period when the Standard & Poor’s 500 Index of U.S. equities rose 4.4 percent.
The firm owned shares in 335 companies at the end of the quarter and 93 of them were newly reported, led by a $21.2 million stake in Potash Corp. of Saskatchewan Inc. and a $15.2 holding in United States Steel Corp.
Money managers who oversee more than $100 million in equities in the U.S. must file a Form 13F within 45 days of each quarter’s end to list those stocks as well as options and convertible bonds. The filings don’t show non-U.S. securities, holdings that aren’t publicly traded, or cash.
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