桥水2Q25调仓：止盈中概，抄底美股科技巨头，稳守黄金

[Table_Title] 研究报告 Research Report 14 Aug 2025 中国财富管理 China (Overseas) Wealth Management 桥水 2Q25 调仓：止盈中概，抄底美股科技巨头，稳守黄金 Bridgewater's 2Q25 Portfolio Change: Exit China, Add U.S. Tech Leaders and Hold Gold 黄雨昕 Yuxin Huang 周林泓 Amber Zhou yx.huang@htisec.com amber.lh.zhou@htisec.com | Name | Code | Amount Position | | | Position | Sector | | --- | --- | --- | --- | --- | --- | --- | | | | (USD mn) | (mn) | Change (mn) | | | | SPDR S&P 500 ETF TR | SPY US | 1,613 | 2.6 | | -0.7 | ETF | | ISHARES S&P500 ETF | IVV ...