Managers / Q4 2023 · view latest →
Bridgewater Advisors Inc.
CIK 0001600319 · 600 FIFTH AVENUE, 26TH FLOOR, NEW YORK, NY, 10020 · 212 221 5300
Summary
Bridgewater Advisors Inc. reported $660M in U.S.-listed holdings across 99 positions for Q4 2023.
Its largest position, WFG, represents 14.2% of the portfolio.
Compared with Q3 2023, the fund opened 5 new positions and exited 10.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 56.4% · $372M
- Common Stock · 42.7% · $282M
- Closed-End Fund · 0.7% · $5M
- MLP · 0.1% · $714,894
- REIT · 0.0% · $325,806
- Other · 0.0% · $215,486
Quarter-over-Quarter Changes full breakdown →
vs Q3 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BNY MELLON STRATEGIC MUN BD | NEW | +77.2K | 77.2K | +$440,955 | $440,955 |
| NBHNEUBERGER BERMAN MUN FD INC | NEW | +41.2K | 41.2K | +$426,275 | $426,275 |
| TAT&T INC | NEW | +14.1K | 14.1K | +$236,567 | $236,567 |
| ABRDN ASIA PACIFIC INCOME FU | NEW | +79.5K | 79.5K | +$215,486 | $215,486 |
| GHYPGIM GLOBAL HIGH YIELD FD FO | NEW | +18.1K | 18.1K | +$205,616 | $205,616 |
| VANGUARD SCOTTSDALE FDS | SOLD OUT | −899.0K | 0 | −$51M | $0 |
| ISHARES TR | SOLD OUT | −92.7K | 0 | −$10M | $0 |
| SPDR S&P 500 ETF TR | SOLD OUT | −10.4K | 0 | −$4M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | DIHPDIMENSIONAL ETF TRUST | INTL HIGH PROFIT · INTL CORE EQUITY · US REAL ESTATE E · US MKTWIDE VALUE · US HIGH PROFITAB · US SMALL CAP ETF · EMGR CRE EQT MNG · US CORE EQUITY 2 · US EQUITY ETF · EMERGING MKTS CO · INTL CORE EQT MK · US TARGETED VLU | 17.20% | $113M | 4.03M |
| 2 | J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC · ULTRA SHT MUNCPL | 15.55% | $103M | 2.04M |
| 3 | WFGWEST FRASER TIMBER CO LTDhistory → | COM | 14.16% | $93M | 1.09M |
| 4 | AMERICAN CENTY ETF TR | US LARGE CAP VLU · INTL EQT ETF · US EQT ETF · AVANTIS EMGMKT | 13.69% | $90M | 1.47M |
| 5 | VANGUARD INDEX FDS | TOTAL STK MKT | 4.17% | $27M | 115.9K |
| 6 | AAPLAPPLE INChistory → | COM | 4.09% | $27M | 140.2K |
| 7 | 7HPHP INChistory → | COM | 3.05% | $20M | 669.8K |
| 8 | AG8AGILENT TECHNOLOGIES INChistory → | COM | 2.53% | $17M | 120.2K |
| 9 | HPEHEWLETT PACKARD ENTERPRISE Chistory → | COM | 1.62% | $11M | 629.8K |
| 10 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 1.49% | $10M | 70.0K |
| 11 | MSFTMICROSOFT CORPhistory → | COM | 1.47% | $10M | 25.8K |
| 12 | KEYSKEYSIGHT TECHNOLOGIES INChistory → | COM | 1.45% | $10M | 60.1K |
| 13 | VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 1.34% | $9M | 86.3K |
| 14 | METAMETA PLATFORMS INChistory → | CL A | 1.08% | $7M | 20.1K |
| 15 | JPMJPMORGAN CHASE & CO | COM | 0.97% | $6M | 37.6K |
| 16 | AMZNAMAZON COM INC | COM | 0.78% | $5M | 34.0K |
| 17 | VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 0.72% | $5M | 27.8K |
| 18 | MARMARRIOTT INTL INC NEW | CL A | 0.69% | $5M | 20.2K |
| 19 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.68% | $4M | 12.6K |
| 20 | ISHARES TR | MSCI EAFE ETF | 0.52% | $3M | 45.8K |
| 21 | MR COOPER GROUP INC | COM | 0.50% | $3M | 51.1K |
| 22 | EXMOCEXXON MOBIL CORP | COM | 0.49% | $3M | 32.4K |
| 23 | GQ9SPDR GOLD TR | GOLD SHS | 0.44% | $3M | 15.2K |
| 24 | FVCBFVCBANKCORP INC | COM | 0.42% | $3M | 192.9K |
| 25 | MLIMUELLER INDS INC | COM | 0.41% | $3M | 57.2K |
| 26 | UNPUNION PAC CORP | COM | 0.39% | $3M | 10.6K |
| 27 | JNJJOHNSON & JOHNSON | COM | 0.39% | $3M | 16.4K |
| 28 | DISDISNEY WALT CO | COM | 0.38% | $3M | 27.7K |
| 29 | CAHCARDINAL HEALTH INC | COM | 0.37% | $2M | 24.5K |
| 30 | JBHTHUNT J B TRANS SVCS INC | COM | 0.33% | $2M | 10.9K |
| 31 | UFPIUFP INDUSTRIES INC | COM | 0.32% | $2M | 16.8K |
| 32 | CBOECBOE GLOBAL MKTS INC | COM | 0.32% | $2M | 11.7K |
| 33 | CSCOCISCO SYS INC | COM | 0.31% | $2M | 40.4K |
| 34 | PFEPFIZER INC | COM | 0.30% | $2M | 68.8K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $1.7B | 456 | May 14, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $1.5B | 448 | Jan 23, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $1.4B | 434 | Nov 10, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $1.3B | 428 | Aug 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $1.2B | 399 | May 2, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $958M | 129 | Jan 16, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $954M | 136 | Oct 31, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $808M | 132 | Aug 2, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $668M | 102 | Apr 30, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $660M | 99 | Feb 5, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $624M | 104 | Oct 24, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $499M | 103 | Jul 24, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $458M | 113 | Apr 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $413M | 111 | Jan 27, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $362M | 126 | Oct 28, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $483M | 224 | Aug 5, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $411M | 239 | May 5, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $454M | 243 | Feb 7, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $363M | 239 | Nov 2, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $315M | 229 | Aug 6, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $197M | 156 | May 20, 2021 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.