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- Bridgewater Associates, the largest hedge fund worldwide, launched in an SEC filing what financial investments it purchased and offered in the 2nd quarter on Wednesday
- The hedge fund, founded by billionaire financier Ray Dalio, left positions in a variety of exchange-traded funds and Canadian banks amid the coronavirus pandemic healing.
- Here are the top five financial investments that Bridgewater Associates discarded last quarter.
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The biggest hedge fund worldwide, Bridgewater Associates, discarded a number of financial investments in the 2nd quarter as the coronavirus pandemic recovery raged.
The hedge fund, established by billionaire investor Ray Dalio, exited 153 holdings completely and decreased holdings in 177 investments in the second quarter, according to a Wednesday Securities and Exchange Commission filing
A bulk of the positions that the firm left were exchange-traded funds that track Treasury bonds, high-yield business financial obligation, and emerging markets. Bridgewater also disposed shares of a variety of Canadian banks during the quarter..
On the other hand, the company likewise contributed to its portfolio during the quarter, increasing its total value to $5.96 billion, an approximately 18%jump from the previous three-month period. Bridgewater purchased 137 brand-new holdings and contributed to 68 existing positions, consisting of raking almost half a billion dollars into gold
Here are the leading 5 holdings that Bridgewater exited in the second quarter, according to a list compiled by Bloomberg:
1. iShares Barclays 20 year Treasury Bond ETF
- Ticker: TLT
- Shares offered: 1.69 million
- Market value: $2791 million
2. iShares iBoxx High Yield Corporate Bond ETF
- Ticker: HYG
- Shares sold: 1.49 million
- Market worth: $1152 million
3. iShares JPMorgan USD Emerging Markets Bond ETF
- Ticker: EMB
- Shares sold: 812,571
- Market price: $786 million
4. Royal Bank of Canada
- Ticker: RY
- Shares offered: 465,072
- Market worth: $286 million
5. Toronto-Dominion Bank
- Ticker: TD
- Shares offered: 593,053
- Market value: $251 million
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