Dalio's Bridgewater Dumps Tech Giants for Oil Investments Amid Iran Tensions

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

The selling was most pronounced in Amazon, where Bridgewater cut its stake by 53.8% or around 2.4 million shares. The hedge fund also reduced its positions in Nvidia by 17.6%, Apple by 35%, Microsoft by 34.3%, and Alphabet by 33.8%.

In contrast, Bridgewater invested heavily in oil and energy companies, including Shell, Vistra Corp., Petroleo Brasileiro (Petrobas), and PG&E Corp. The firm boosted its stake in Shell by 388% or 1.2 million shares, while increasing its positions in Vistra Corp. by 115% or around 403,000 shares.