Betting on AI? Bridgewater Aggressively Increases Nvidia Holdings, Clears Alibaba, JD, and Other Chinese Stocks in Q2

One of the world’s largest hedge funds, Bridgewater Associates, released its Q2 13F holdings report.  

 

The report shows that in Q2 2025, Bridgewater significantly increased its stakes in U.S. “Magnificent Seven” tech giants including Nvidia, Microsoft, Google, and Meta, while completely exiting its positions in Chinese stocks like Alibaba, Baidu, and JD.com.  

Bridgewater Q2 Holdings Changes  

Data indicates that by the end of Q2, Bridgewater’s total holdings value rose from $21.6 billion in the previous quarter to $24.8 billion. It added 85 new positions, increased 206 holdings, cleared 164 positions, and reduced 187 holdings.  

 

Bridgewater’s Top Ten Holdings  

As of the end of Q2, its top ten holdings were SPDR S&P 500 ETF (SPY), iShares Core S&P ETF (IVV), Nvidia, iShares Core MSCI Emerging Markets ETF (IEMG), Google A, Microsoft, Meta, Salesforce, Booking Holdings Inc. (BKNG), and GE Vernova Inc. (GEV). Except for SPY and IEMG, all other holdings saw increases.  

Bridgewater Aggressively Boosts Stakes in Tech Giants Like Nvidia  

Bridgewater’s moves on the U.S. “Magnificent Seven” in Q2 were noteworthy, with its significant increase in Nvidia standing out. Nvidia became the most heavily increased stock in Q2 and jumped to Bridgewater’s third-largest holding.  

 

In Q2, Bridgewater added nearly 4.39 million shares of Nvidia, bringing its total to 7.23 million shares, a 154% increase from the end of Q1. By the end of Q2, Nvidia accounted for 4.61% of its portfolio.  

 

Additionally, Bridgewater substantially increased its stakes in Microsoft, Google A, and Meta, signaling strong optimism about the prospects of these AI giants.  

 

However, Amazon, also part of the “Magnificent Seven,” faced a reduction, with Bridgewater cutting its position by about 795,500 shares, a 6% drop quarter-over-quarter. Its stake fell from 1.17% to 1.10% of the portfolio, dropping to the 20th largest holding.  

 

Apple, another “Magnificent Seven” member, also saw a reduction, with Bridgewater trimming 584,000 shares, a 62% drop. Post-reduction, Apple’s share in the portfolio fell from 0.97% to 0.30%.  

 

Beyond the “Magnificent Seven,” Nvidia’s rival AMD was also reduced by 408,900 shares, a 18.9% decline, making it Bridgewater’s 21st largest holding.  

Bridgewater Clears Some Chinese Stocks  

Bridgewater’s actions on certain Chinese stocks are also noteworthy.  

 

In Q2, Bridgewater cleared its entire positions, including 5.66 million shares of Alibaba, 2.79 million shares of JD.com, and 2.08 million shares of Baidu.  

 

This marks a 180-degree shift from the previous quarter, when Bridgewater significantly increased its Alibaba holdings by about 5.4 million shares and Baidu by 1.88 million shares in Q1, with its 2.79 million shares of JD.com newly established during that period.  

 

Additionally, Bridgewater cleared 1.75 million shares of Nio, 1.74 million shares of Pinduoduo, and 880,000 shares of Ke Holdings.