13F
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Bridgewater Advisors Inc.

13F equity value
$1.7B
Positions
456
Top 10 concentration
45.6%
Quarters / total new picks
18 / 423
13F equity value over time
$0M$841M$2B202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 18 quarters, returned +2.1% per quarter — versus +2.3% per quarter from simply owning every 13F stock. It beat that baseline in only 50.0% of quarters (excess t = -0.65, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-1.3%
t-stat
-0.65
Quarterly win rate
50%
Annualized excess
-1.6%
$1 → follow vs universe
$1.34 vs $1.43
Cumulative return: $1 invested in new picks vs universe
1.00 20210630: universe 1.08020210930: universe 0.96920211231: universe 0.82520220331: universe 0.88620220630: universe 0.82120220930: universe 0.88120230331: universe 0.92920230630: universe 0.89520230930: universe 1.01620231231: universe 1.06220240331: universe 1.08620240630: universe 1.18420240930: universe 1.17420241231: universe 1.09620250331: universe 1.19520250630: universe 1.23220250930: universe 1.38620251231: universe 1.433 20210630: follow 1.05520210930: follow 1.00920211231: follow 0.79220220331: follow 0.70520220630: follow 0.65620220930: follow 0.66720230331: follow 0.77220230630: follow 0.82920230930: follow 0.88920231231: follow 0.92620240331: follow 0.97220240630: follow 1.02520240930: follow 1.02120241231: follow 1.01820250331: follow 1.06020250630: follow 1.10020250930: follow 1.32220251231: follow 1.340 0.60 1.08 1.55 20212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 456 · 2026 Q1

Ticker Value Weight QoQ
AVLV $105M
6.2%
ADD
JPST $97M
5.8%
ADD
AVUS $95M
5.7%
ADD
VTI $87M
5.2%
ADD
JBND $87M
5.1%
ADD
VCIT $82M
4.9%
ADD
AAPL $65M
3.8%
ADD
DFAI $59M
3.5%
ADD
AVDE $50M
3.0%
ADD
SPY $39M
2.3%
HOLD
DUHP $39M
2.3%
ADD
JMST $32M
1.9%
TRIM
DFIC $30M
1.8%
TRIM
JMUB $29M
1.7%
ADD
NVDA $29M
1.7%
TRIM
MSFT $28M
1.7%
TRIM
MUNY $27M
1.6%
ADD
GOOGL $26M
1.6%
TRIM
QQQ $26M
1.5%
TRIM
AMZN $20M
1.2%
ADD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

AMEAONBPBUDCIENCNQDALDLNEBAYEQTFFIVFIXFLEXHLTIBITIXJDLLITELXRXMELIMOMPCMYNNSCPBRPVHPZAROKSTM

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.