Billionaire Ray Dalio’s Bridgewater Associates absolutely exited its stakes in BlackRock (BLK) and two US banks, whereas rotating capital into 4 high-flying names.
Bridgewater’s 13F submitting from the U.S. Securities and Alternate Fee (SEC) reveals that in Q1 of this yr, the agency bought its remaining 4,581 BLK shares beforehand value $4.903 million.
On high of BlackRock, the agency additionally exited its stake in Capital One (COF) in Q1, promoting 157,774 COF shares valued at $38.238 million. And Bridgewater dumped all of its holdings in Cadence Financial institution (CADE), unloading 436,720 CADE shares value $18.709 million.
Wanting on the purchase facet, Bridgewater opened a brand new place within the semiconductor foundry Tower Semiconductor (TSEM) within the quarter ended March thirty first. The hedge fund amassed 462,725 TSEM shares value $81.198 million. TSEM is buying and selling at $269.88, representing a surge of over 129% to date this yr.
Bridgewater additionally initiated a brand new stake within the semiconductor meeting and take a look at (OSAT) providers supplier ASE Expertise Holding Co (ASX). In Q1, the hedge fund devoured up 1,547,859 ASX shares valued at $33.557 million. ASX is buying and selling at $41.82, up almost 160% year-to-date.
One other new place for Bridgewater in Q1 is the superior fiber-optic networking merchandise supplier Utilized Optoelectronics (AAOI). The agency amassed 223,935 AAOI shares value $18.942 million. AAOI is buying and selling at $138.54, marking a 103% enhance this yr.
And Bridgewater opened a brand new place within the power infrastructure platform Hut 8 Corp (HUT), shopping for 245,659 HUT shares valued at $11.523 million. HUT is buying and selling at $117.68, up greater than 156% year-to-date.
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