Billionaire Ray Dalio’s hedge fund is shedding publicity to the S&P 500 and hedging in opposition to the US greenback – whereas managing to remain on offense.
The newest 13F filings present Dalio’s Bridgewater Associates has lowered its stake within the SPDR S&P 500 ETF, a benchmark fund that tracks the efficiency of the S&P 500.
That fund now makes up about 8.5% of Bridgewater’s general portfolio as of the top of March.
Concurrently, the hedge fund has elevated its publicity to SPDR Gold Shares ETF (GLD), an exchange-traded fund that tracks the value of gold bullion, much less its bills.
Bridgewater elevated its GLD holdings by about 33%, allocating roughly $340 million in whole publicity to the valuable steel.
The transfer comes as Dalio repeatedly warns the US greenback’s decline may ultimately set off stagflation – a dreaded financial final result marked by excessive inflation, excessive unemployment and low financial progress.
However Bridgewater’s portfolio shouldn’t be merely defensive.
Alongside GLD, the agency has dramatically boosted its place within the Chinese language e-commerce big Alibaba (BABA).
Bridgewater elevated its Alibaba holdings by over 3,000%, attaining 5,660,258 shares price roughly $680 million.
That makes it one of many fund’s high holdings.
Alibaba’s inventory has risen roughly 42% year-to-date, pushed by robust progress in its cloud computing phase.
Generated Picture: Midjourney
