Author Carolina Mandl
New York (Reuters) – Giant Hedge Fund Giant Bridgewater Associates added Tesla shares to its portfolio in the fourth quarter, while exposing exposure to the rest of the “magnificent seven” groups of American technology and growth stocks showed regulatory submission.
The company founded by investor Ray Dalio ended in December with a small share in the electric manufacturer of Elona Musk, which consisted of $ 153,589 and worth $ 62 million, according to a submission late Thursday.
Tesla shares have dropped approximately 13% this year and reduced more than 26% of their increasing time to close on December 17th. However, the shares remain more than 30% of the presidential elections on November 5, and the company was recorded as a benefit from the close connection between the men with President Donald Trump.
The billionaire entrepreneur is led by the Ministry of Government, which is in charge of cutting waste from federal agencies.
Meanwhile, the macro hedge fund made significant reductions in the rest of its magnificent seven shares. It reduced its share in Apple by 40% to 617.203 shares, reducing its position by Amazon by almost 35%.
The cuts in Nvidia, Microsoft, Meta and the alphabet ranged between 17.3% and 26.4%. However, these positions were still worth hundreds of millions of dollars.
In a recent letter to investors, Bridgewater’s investment officer, Karen Kariol-Tambour, talked about the concentration of investors in AI shares, saying that “it creates significant challenges for diversification of portfolio.”
The positions of the funds were discovered in quarterly securities submissions known as 13FS. Although they are viewed backwards, these recordings show what funds are owned by the last day of the quarter and one of the few methods by which HEDGE FUNDS AND OTHER INSTITUTIONAL Investors declare their views. The tolerated does not indicate the exact time of shopping or sales and cannot reflect the current share.
The Hedge Fund did not immediately comment on the changes in his portfolio.
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