DASH - Ray Dalio's Bridgewater sells Netflix Home Depot adds AT&T Micron

August, 14 2023 05:32 PM DoorDash Inc. Class A

2023-08-14 17:32:24 ET

Bridgewater Associates, the 50-year-old hedge fund founded by billionaire investor Ray Dalio, started new positions in AT&T ( NYSE: T ) with 1.98M shares, Spotify Technology ( NYSE: SPOT ) with 68.8K shares, Micron Technology ( NASDAQ: MU ) with 218.6K shares, DoorDash ( NYSE: DASH ) with 368.3K shares, and Cummins ( NYSE: CMI ) with 39.5K shares, during the second quarter, according to its latest 13F filing.
The firm exited its positions in Netflix ( NASDAQ: NFLX ), SPDR Gold Shares ETF ( NYSEARCA: GLD ), Home Depot ( NYSE: HD ) and Extra Space Storage ( NYSE: EXR ).
It trimmed stakes in Meta Platforms ( NASDAQ: META ) to 537.6K shares from roughly 1M shares, Mastercard ( NYSE: MA ) to 154.8K shares from 303.8K shares, and Procter & Gamble ( NYSE: PG ) to 4.62M shares from 4.94M shares.
Boosted holdings in Uber Technologies ( NYSE: UBER ) to 1.06M shares from 460.5K shares, and Philip Morris International ( NYSE: PM ) to 814.6K shares from ~447K shares, the filing issued on August 11 showed.
In Q1, Bridgewater opened new stakes in First Horizon and Grab Holdings.

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