Buy buy buy!Bridgewater has increased its holdings of Chinese stocks, but also cleared them…


Bridgewater’s latest 13F filing shows the company increased its stake in Alibaba by 29% in the fourth quarter of last year, making it the eighth-largest holding in bridgewater, Wall Street’s Chinese Website reported Wednesday.In addition, many stocks have also obtained different degrees of bridge water warehouse.For example, At the end of the fourth quarter of last year, Bridgewater held 2.66 million shares of Pinto Duo Duo, up 740,000 shares from 1.92 million at the end of the third quarter, an increase of 38%.Bridgewater also increased its holdings in Baidu by 23% and NexteV by 8%.In January, the value of overseas Chinese fund assets exceeded 34 billion yuan, according to Bridgewater Fund Xinpi materials.In its previous report, Goldman sachs forecast A 16% and 13% return for offshore Chinese equities and A-shares in 2022.In the fourth quarter of last year, Bridgewater increased its holdings by 299, reduced its holdings by 292, added 137 and cleared 89.The top five overweight positions were in retail and consumer staples: Procter & Gamble, PepsiCo, Johnson & Johnson, Costco and Coca-Cola.They reduced their holdings of 292 stocks or ETFs, including Wal-Mart, jpmorgan Chase, Bank of America and Wells Fargo. They also sold 89 stocks, including Amazon, mastercard, Oracle, Netflix, Nike and Dell.Source: Zhongxin Jingwei February 16, read: Sun Shijian

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