Ray Dalio’s Bridgewater takes fresh stakes in Rivian, Amazon, exits Alibaba, JD.com

Ray Dalio’s Bridgewater Associates took new stakes in electric-vehicle startup Rivian Automotive, acquiring 62.8K shares, ecommerce giant Amazon, buying 149.2K shares and Sea (SE) with 459.2K shares during the second quarter, it recently disclosed in a 13F filing.

The fund exited stakes in Alibaba and JD.com.

Boosted its holdings in Meta Platforms to 586.6K shares from 10.9K shares, Alphabet to 49.1K shares from 1.7K shares, CVS Health to 3.14M shares from 1.21M shares, and Mastercard to 485.2K shares from 36.1K shares.

Trimmed down its positions in PepsiCo to 3.81M shares from 4.17M shares, Linde to 52.5K shares from 276.3K shares, and Procter & Gamble to 6.74M shares from 6.82M shares.

In the first quarter, Bridgewater Associates invests in Berkshire Hathaway, exits Tesla.

Source: Seeking Alpha