CA - Ray Dalio's Bridgewater boosts stakes in 3M Best Buy exits Apple Shopify

2023-11-14 16:27:38 ET

• Bridgewater Associates, the hedge fund founded by Ray Dalio, boosted its holdings in 3M Company ( NYSE: MMM ) to 71.3K shares from 63.7K shares, Abbott Laboratories ( NYSE: ABT ) to 2.07M shares from 1.82M shares, Best Buy Co. ( NYSE: BBY ) to 144.7K shares from 116K shares during the third quarter, according to its latest 13F filing.
• The firm exited its positions in Apple ( NASDAQ: AAPL ) and Shopify ( NYSE: SHOP ).
• It trimmed its stakes in Block ( NYSE: SQ ) to 17.5K from 56K, Cenovus Energy ( NYSE: CVE ) to 13.7K from 393.6K, Chevron ( NYSE: CVX ) to 7.3K from 143.2K, Welltower ( NYSE: WELL ) to 63.8K from 203.7K, and Visa ( NYSE: V ) to 848.4K from 1.02M.
• In Q2, Bridgewater sold Netflix and Home Depot, and added AT&T and Micron.

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