On Monday, February 14, 2021, 13F for the fourth quarter ended December 31, 2021 was released, as an important document for an institution managing at least $100 million of equity assets to disclose the equity held by its institution and the whereabouts of its funds to the SEC, investors usually use 13F as their "investment vane".
Qiaoshui's fourth quarter positions: significantly increased its holdings in Alibaba, JD.com, Pinduoduo, and cleared Amazon, Oracle and Netflix
According to the latest 13F document released by Bridgewater, the world's largest hedge fund, the overall position size of Bridgewater Fund in the fourth quarter reached $17.202 billion, a decrease of 5.81% from the size of $18.3 billion in the previous quarter, and the concentration of the top ten heavy stocks was 35.59%. In the fourth quarter, a total of 299 targets were increased, 292 targets were reduced, 137 new targets were added, and 89 targets were liquidated.
According to the documents, Qiaoshui opened a position in the fourth quarter to do more than 137 stocks such as Raytheon Technology, Mondelëz International, communication infrastructure solution providers Crown Castle, Kanzhu Network, IBM, etc., and increased its holdings in 299 stocks or ETFs such as Procter & Gamble, PepsiCo, McDonald's, Abbott, Johnson & Johnson, Starbucks and Pfizer.
It is worth noting that Qiaoshui continues to increase its holdings in Chinese stocks, including Pinduoduo, JD.com, Alibaba and other Chinese e-commerce stocks, the proportion of increase in holdings is about 30%, and Weilai, Baidu, etc. have been increased.
In addition, the five largest targets of Qiaoshui's increase in holdings are all related to retail and daily consumer goods businesses, namely Procter & Gamble, PepsiCo, Johnson & Johnson, Costco and Coca-Cola.
In the fourth quarter, Bridgewater reduced its holdings in 292 stocks or ETFs such as Wal-Mart, JPMorgan Chase, Bank of America, and Wells Fargo, of which Wal-Mart reduced its holding by 43%, and slightly reduced its holdings in Ideal Automobile. Bridgewater also liquidated 89 stocks such as Amazon, MasterCard, Oracle, Netflix, Nike, and Dell.
Specifically, among its top ten heavy stocks, consumer stocks account for half of the country. The S&P 500 ETF jumped to number one from fourth in the previous quarter, accounting for 5.2 percent of total holdings, while the Vanguard FTSE Emerging Markets ETF fell to 4.83 percent of total holdings from 6.42 percent in the previous quarter.
Overall, Qiaoshui further expanded the proportion of individual stocks in the financial sector, while food consumption contracted slightly compared with the sharp increase in holdings in previous quarters, and medical health also declined slightly during the reporting period.