Bridgewater Dumps Top Tech Stocks, Buys Oil Ahead of 2029 Iran-US Deadline

Bridgewater Associates, founded by billionaire investor Ray Dalio, made significant changes to its holdings in Q2. The hedge fund sold millions of shares of Mag 7 stocks that are leading the AI race, including Nvidia, Apple, Amazon, Alphabet, and Microsoft.

The offloading of these stocks coincides with a cooling AI-led stock market rally, averaging modest year-to-date gains compared to last year. Bridgewater Cuts Stake in Amazon by 50%, Apple by 35%

In Q2, the hedge fund sold around 2.4 million shares of Amazon, cutting its stake in the AI and e-commerce giant by 53.8%. It still holds about 2 million shares of Amazon.

Bridgewater also lowered its stake in Nvidia during the quarter by 17.6% or around 827,000 shares, despite massive AI and infrastructure deals. The hedge fund's Apple stake fell by 35% or about 199,000 shares in Q2, while Microsoft and Alphabet positions were reduced by 34.3% and 33.8%, respectively.

Bridgewater Bets on Oil, Energy Despite Hormuz Deadlock

In Q2, Bridgewater Associates ramped up its stake in Shell by 388% or 1.2 million shares. It also boosted its Vistra Corp. position by 115% or around 403,000 shares, and in the Brazilian majority state-owned Petrobas by 466% or 5.4 million.

The investments in the oil and energy sector came as Iran reportedly indicated last week that it does not expect to negotiate with US President Donald Trump until his tenure in office ends on 20th January 2029.