Bridgewater adds to Amazon, Microsoft, exits Intel, Devon, others in Q2
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Bridgewater Associates, founded by billionaire Ray Dalio nearly 50 years ago, offloaded its equity positions in Intel (NASDAQ:INTC), Marathon Oil (NYSE:MRO), Devon Energy (NYSE:DVN) and Range Resources (NYSE:RRC), according to its latest 13F filing dated Wednesday.
The firm, which Dalio ceded control in late 2022, took new stakes in Constellation Energy (NASDAQ:CEG), with 194K shares, Chevron (NYSE:CVX), with 153K shares, and Uranium Energy (NYSE:UEC), with 4.04M shares.
It boosted its holdings in Amazon (NASDAQ:AMZN), to 2.65M shares from 1.05M shares, Exxon Mobil (NYSE:XOM), to 941K from 151K, and Microsoft (NASDAQ:MSFT), to 1.09M from 580K.
Trimmed positions feature Apple (NASDAQ:AAPL), to 469K from 1.84M, Eli Lilly (NYSE:LLY), to 96K from 280K, and CVS Health (NYSE:CVS), to 1.24M from 2.45M, the filing showed.