桥水二季度增持英伟达等科技股，清仓中概股

Core Insights - Bridgewater significantly increased its investments in major U.S. tech companies during Q2 2023, particularly in Nvidia, which saw a 154% increase in shares held [1][2] - The fund's strategy included both substantial increases in holdings of certain companies and a complete exit from others, particularly in the Chinese stock market [2][3] Group 1: Increased Holdings - Bridgewater added nearly 4.39 million shares of Nvidia, bringing total holdings to 7.23 million shares, making it the third-largest position at 4.61% of the portfolio [1] - Microsoft was another key focus, with an increase of approximately 905,600 shares, totaling 1.72 million shares, a 111.9% increase, elevating its position to sixth at 3.44% [1] - Alphabet (Google's parent company) saw an increase of nearly 2.56 million shares, totaling 5.6 million shares, an 84.1% increase, raising its holding percentage from 2.18% to 3.98% [1] - Meta's shares increased by approximately 89.6%, from 426,000 shares to 807,000 shares, making it the seventh-largest holding [1] Group 2: New Investments - Bridgewater initiated a position in chip design company Arm with nearly 474,000 shares, representing 0.31% of the total portfolio [3] - The fund also entered positions in Intuit (approximately 59,000 shares), EQT (787,000 shares), Lyft (approximately 2.48 million shares), and Ulta Beauty (over 58,000 shares), although these new holdings represent a small portion of the overall investment [3] Group 3: Reduced Holdings - The fund reduced its stake in Amazon by approximately 795,500 shares, a 6% decrease, bringing its holding to 1.10% and making it the 20th largest position [2] - AMD shares were reduced by 408,900 shares, lowering its holding percentage to 1.0% [2] - Bridgewater completely exited its positions in Alibaba, Baidu, and JD.com, having previously increased its stake in Alibaba significantly in Q1 2023 [2] Group 4: ETF Holdings - SPDR S&P 500 ETF remains Bridgewater's largest holding, despite a reduction of 732,000 shares, a decline of approximately 21.9% [3] - The second-largest holding is iShares Core S&P 500 ETF, which saw an increase of nearly 6.2% to approximately 2.31 million shares [3] - Nvidia ranks third in holdings, followed by a decrease in the emerging markets ETF (IEMG) by 9.4% [3]