Bridgewater Associates LP has disclosed that the value of its equity holdings as of the end of the second quarter increased by 37.5% from the end of the first quarter, while the S&P 500 SPX, +0.11% increased just 8.2% over the same time. The hedge fund manager’s largest company holding in terms of value as of June 30 was Walmart Inc. WMT, +0.30%, with the fund increasing its ownership by 51% in three months to $736.5 million, while its holding of rival discount retailer Target Inc. TGT, -0.26% grew 91% to $216.3 million. Among other changes the fund made to its holdings during the second quarter, it reduced its holding in Tesla Inc. TSLA, -0.77% by 31% to $17.15 million; it add new investments in chipmakers Nvidia Corp. NVDA, +1.16% worth $16.9 million, Advanced Micro Devices Inc. AMD, +3.85% worth $10.4 million, Intel Corp. INTC, -0.20% worth $2.0 million and Micron Technology Inc. MU, +0.93% worth $18.4 million; it sold off its stakes in Delta Air Lines Inc. DAL, -1.59% and Southwest Airlines Co. LUV, -1.19%, while adding a new $1.6 million stake in United Airlines Holdings Inc. UAL, -1.80% ; it sold off its stakes in United Parcel Service Inc. UPS, +0.20% and Boeing Co. BA, -1.39%, but added new stakes in Caterpillar Inc. CAT, -0.73% ($18.8 million) and Deere & Co. DE, -0.44% ($26.6 million); added a $1.6 million bet on Carnival Corp. CCL, -2.38% ; and boosted its stake in General Electric Co. GE, -1.68% by nearly 29 times to $18.6 million from about $650,000.
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