Ray Dalio’s hedge fund increased holdings in Shell and PG&E while reducing exposure to Amazon last quarter.
Bridgewater Associates increased its equity stakes in Shell and PG&E during the second quarter. The firm raised its Shell position to 1.53M shares from 312.2K and its PG&E holdings to 5.93M shares from 24.5K.
The moves reflect adjustments in the fund’s portfolio amid shifting market conditions. Bridgewater also reduced its Amazon position, though details of the reduction were not disclosed in the filing.
The changes were part of broader Q2 portfolio rebalancing by the hedge fund giant.