Bridgewater Associates sharply cut its Apple holdings by over 70% in the second quarter, reduced its Nvidia holdings, and increased its positions in Amazon and Microsoft

In the second quarter, Bridgewater reduced its holdings in Apple by 1.37 million shares, with a market value of nearly USD 290 million, marking the largest reduction. It also reduced its holdings in Eli Lilly by over 180,000 shares, with a market value of nearly USD 170 million. Google, which had nearly 830,000 shares reduced, became the third largest holding, while Nvidia, the fourth largest holding, had nearly 490,000 shares reduced. Pinduoduo saw a reduction of nearly 290,000 shares, with its holdings decreasing by nearly 19%. On the other hand, there was an increase in holdings for Amazon by nearly 1.6 million shares, with a staggering 152% increase, making it the sixth largest holding. Microsoft, the seventh largest holding, saw an increase of 510,000 shares, with an 88% increase, and also increased its holdings in Broadcom and AMD