Bridgewater Associates, the hedge fund manager founded by billionaire investor Ray Dalio, took new positions in Caterpillar (CAT), with about 62.2K shares, Dell Technologies (DELL), with 156.3K shares, and Spotify Technology (SPOT), with 23.5K shares, during Q4 2025, according to a U.S. Securities and Exchange Commission filing released on Friday.
Conversely, the firm closed out its holdings in AT&T (T), Annaly Capital Management (NLY), Affirm Holdings (AFRM) and Aehr test Systems (AEHR.
Increased stakes include Nvidia (NVDA), to 3.87M shares in Q4 from 2.51M shares in the prior quarter, Amazon (AMZN), to 1.95M from 1.12M, and Mastercard (MA), to 409.2K from 366.3K, the 13F filing showed.
Trimmed stakes: Salesforce (CRM), to 1.93M shares in Q4 from 2.01M in Q3, Microsoft (MSFT), to 984K from 1.10M, and Wells Fargo (WFC), to 1.14M from 2.54M.