Brookfield

Breaking: Bridgewater Associates by Ray Dalio just filed its Q2 2026 13F

Here's everything you need to know about the recent 13F

Top 10 positions:

• SPDR S&P 500 ETF $SPY (16.3%)

• iShares Core S&P 500 ETF $IVV (9.2%)

• Nvidia $NVIDIA(NVDA.US) (3.2%)

• Broadcom $Broadcom(AVGO.US) (2.0%)

• Amazon $Amazon(AMZN.US) (2.0%)

• Alphabet Class A $Alphabet(GOOGL.US) (1.9%)

• Lam Research $Lam Research(LRCX.US) (1.7%)

• Vanguard S&P 500 ETF $VOO (1.3%)

• AMD $AMD(AMD.US) (1.3%)

• iShares MSCI South Korea ETF $EWY (1.1%)

Top 10 new positions (by $ size):

• $Eversource Energy(ES.US) (Eversource Energy)

• $AppLovin(APP.US) (AppLovin)

• $Consolidated Edison(ED.US) (Con Edison)

• $Nisource(NI.US) (NiSource)

• $ServiceNow(NOW.US) (ServiceNow)

• $Duke Energy(DUK.US) (Duke Energy)

• $Nutanix(NTNX.US) (Nutanix)

• $APA(APA.US) (APA Corp)

• $Expand Energy(EXE.US) (Expand Energy)

• $Vulcan Materials(VMC.US) (Vulcan Materials)

Top 10 full exits (by prior $ size):

• $Cisco(CSCO.US) (Cisco)

• $Advanced Semiconductor Engineering(ASX.US) (ASE Technology)

• $Coreweave(CRWV.US) (CoreWeave)

• $Primoris(PRIM.US) (Primoris Services)

• $Brookfield(BN.US) (Brookfield)

• $Applied Optoelectronics(AAOI.US) (Applied Optoelectronics)

• $Palantir Tech(PLTR.US) (Palantir)

• $Nebius(NBIS.US) (Nebius Group)

• $Sun Life Financial(SLF.US) (Sun Life Financial)

• $Bristol Myers Squibb(BMY.US) (Bristol-Myers Squibb)

Summary: Bridgewater's book grew 8.8% to $24.38B this quarter, still anchored by index ETFs (SPY + IVV = 25.5% of the fund) with AI/semis (NVDA, AVGO, LRCX, AMD) making up the next tier. New money leaned into utilities and energy (ES, ED, NI, DUK, APA), while exits skewed tech/growth (CSCO, CRWV, PLTR, NBIS, BMY). With 214 adds and 210 exits out of roughly 1,000 total names, this is systematic macro rebalancing, not conviction stock-picking

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. Nvidia $NVIDIA(NVDA.US) announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to create independent AI compute financing platforms designed to mobilize more than $500 billion of third-party capital over time. The goal is to turn Nvidia compute and full-stack AI infrastructure into an investable asset class, helping fund the global buildout of AI factories while giving Nvidia customers access to large pools of capital at attractive rates. Jensen: “In AI, compute is revenue. NVIDIA compute is uniquely suited for this role. It is broadly adopted, flexible across models and workloads, fungible and transferable across customers and operators, and continuously improved through CUDA software. That is why we are bringing the world’s leading long-term capital providers together to independently underwrite AI infrastructure. These financing platforms will help customers access scarce compute at scale and build the DSX AI factories that will power every industry and country in the age of AI.”

2. Meta $Meta Platforms(META.US) released Muse Glimmer, a new 30B-parameter dense AI model with open weights that can run locally, with weights for Muse Spark 1.2 expected to follow soon. Meta CEO Mark Zuckerberg also said he believes everyone will eventually have a personal AI agent that understands them and what they care about.

3. Chinese humanoid robot makers accounted for more than 97% of global shipments in 1H26, with volumes more than tripling to 19,100 units. Agibot led the market with a 44% share, while industrial and commercial use cases made up over 70% of shipments. Unitree Robotics is also going public on the Shanghai Stock Exchange at a $9 billion valuation, with its IPO oversubscribed by retail investors by 8000%.

4. Microsoft $Microsoft(MSFT.US) plans to unveil its next-generation Maia 300 AI chip in September, according to The Information, marking progress after a slower start for its in-house silicon program. Microsoft reportedly plans to expand internal use of Maia while also targeting major external customers. The move could give Microsoft more control over the AI infrastructure powering its services as demand for compute continues to surge.

5. Rocket Lab $Rocket Lab(RKLB.US) reported Q2’26 revenue of $234M, slightly ahead of estimates of $231M, up 62% YoY. EPS came in at -$0.08 versus -$0.07 expected, while backlog reached a record $2.36B, up 137% YoY. For Q3, Rocket Lab guided revenue to $250M–$265M, above estimates of $239M, with non-GAAP gross margin expected at 35%–37%. Non-GAAP gross margin in Q2 was 41.5%, while net loss was $49.3M. Business highlights included the announced Iridium acquisition and the launch of GHOST, a globally deployable launch system. Management said backlog growth, combined with new Q3 deals, represents more than $1B in new contracts across launch and space systems, positioning Rocket Lab to become a self-launching, tier-1 space power.

6. The top 10 most active options today by contracts traded were $NVIDIA(NVDA.US) with 3.6M contracts, $Tesla(TSLA.US) with 1.9M contracts, $Apple(AAPL.US) with 1.2M contracts, $SpaceX(SPCX.US) with 1.2M contracts, $Microsoft(MSFT.US) with 1.1M contracts, $Micron Tech(MU.US) with 945K contracts, $Intel(INTC.US) with 880K contracts, $Palantir Tech(PLTR.US) with 803K contracts, $Amazon(AMZN.US) with 778K contracts, and $Meta Platforms(META.US) with 704K contracts.

7. Hims & Hers $Hims & Hers Health(HIMS.US) reported Q2’26 revenue of $753.2M, beating estimates of $700M, up 38% YoY. Adjusted EBITDA came in at $60.3M versus $47.2M expected, while subscribers rose 19% YoY to 2.891M. U.S. revenue grew 16% YoY to $621.8M, while Rest of World revenue surged 1,641% YoY to $131.4M, helped by the close of the Eucalyptus acquisition in June. For Q3, Hims guided revenue to $880M–$900M, well above estimates of $793M. For FY26, the company raised revenue guidance to $3.1B–$3.3B versus $2.93B expected, while reiterating increased conviction in its 2030 targets of at least $6.5B in revenue and $1.3B in adjusted EBITDA.

8. Earnings season is nearly complete, and results have been much stronger than expected. With almost 90% of S&P 500 companies reported, Q2 EPS is now projected to rise 30% YoY excluding investment mark-ups from Alphabet and Amazon, well above the 22% consensus forecast from July 1. Including those one-time gains, EPS growth jumps to nearly 50% YoY. Meanwhile, 76% of companies have beaten EPS expectations, matching last quarter’s beat rate, which was the highest since 2021.

9. Intel $Intel(INTC.US) announced a proposed $15B underwritten public offering of common stock, with proceeds intended for general corporate purposes, including CapEx and working capital. The company said customer demand remains strong, driven by major investment in AI compute, with growth opportunities across physical AI, purpose-built silicon, advanced packaging, and external wafers. Intel also expects to give underwriters a 30-day option to buy up to an additional $2.25B of common stock, while emphasizing that the raise is meant to support growth opportunities, maintain balance sheet strength, and preserve its investment-grade rating.

10. Trading volume across the 7 leveraged ETFs tied to $SK Hynix(SKHY.US) SK Hynix has collapsed nearly 90% to less than 100M shares/day after regulators raised the minimum cash deposit required to trade the products, effective July 31. The stock decline and tighter rules have shaken out retail investors who chased the rally, with roughly 1T won ($710M) in retail accounts facing forced liquidation in June and another 993B won ($700M) in July, the two largest forced-liquidation months this year. Margin loan balances have fallen to 27.4T won ($19.3B) as of August 4, the lowest level of the year. Morgan Stanley estimates the deleveraging process is now more than halfway complete, though foreign investors remain cautious after selling $30B in June, another $6.2B in July, and $4.3B so far in August.

11. Bank of America is sticking with its call for 75 bps of Fed rate hikes this year despite weaker labor data. U.S. payrolls fell by 23,000 in July, while prior months were revised down by another 103,000. The unemployment rate declined to 4.1%, wage growth slowed to 3.2%, and labor-force participation slipped. Even with hiring softening, BofA still expects the Fed to begin raising rates in September, arguing that inflation remains the central concern.

12. Micron $Micron Tech(MU.US) today said customers remain largely insensitive to memory pricing as data center demand continues to outstrip supply, with the company saying it cannot meet even half of current customer needs. Management also pointed to demand signals extending multiple years, though it did not provide a specific update to quarterly guidance.

WALL STREET IS THE GREATEST SHOW ON EARTH.

Source: amit

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: NAVER, $NVIDIA(NVDA.US) NVIDIA and Brookfield Plan Major Korea-U.S. AI Infrastructure Expansion

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗡𝗔𝗩𝗘𝗥, 𝗡𝗩𝗜𝗗𝗜𝗔 and 𝗕𝗿𝗼𝗼𝗸𝗳𝗶𝗲𝗹𝗱 plan gigawatt-scale AI infrastructure.

➤ Initial AI factory capacity will expand from 𝟱𝟱 𝗠𝗪 to 𝟮𝟬𝟬 𝗠𝗪.

➤ The expanded facility is targeted for completion by 𝟮𝟬𝟮𝟴.

➤ 𝗡𝗔𝗩𝗘𝗥 ultimately plans to deploy 𝟭 𝗴𝗶𝗴𝗮𝘄𝗮𝘁𝘁 of AI infrastructure.

➤ 𝗡𝗩𝗜𝗗𝗜𝗔 plans a strategic 𝗡𝗔𝗩𝗘𝗥 investment of $𝟭 𝗯𝗶𝗹𝗹𝗶𝗼𝗻.

➤ 𝗕𝗿𝗼𝗼𝗸𝗳𝗶𝗲𝗹𝗱 plans to fund up to $𝟵 𝗯𝗶𝗹𝗹𝗶𝗼𝗻.

➤ Infrastructure will use 𝗡𝗩𝗜𝗗𝗜𝗔 𝗗𝗦𝗫 at 𝗚𝗔𝗞 𝗦𝗲𝗷𝗼𝗻𝗴.

➤ Planned systems include 𝗩𝗲𝗿𝗮 𝗥𝘂𝗯𝗶𝗻 and 𝗕𝗹𝗮𝗰𝗸𝘄𝗲𝗹𝗹 platforms.

➤ Capacity will support AI innovators in 𝗞𝗼𝗿𝗲𝗮 and the 𝗨.𝗦.

➤ 𝗡𝗔𝗩𝗘𝗥 is developing HyperCLOVA X, AI agents and a Seoul World Model.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Strengthens South Korea’s position in 𝘀𝗼𝘃𝗲𝗿𝗲𝗶𝗴𝗻 𝗔𝗜 infrastructure.

➤ Expands access to production-scale compute for startups and enterprises.

➤ Deepens 𝗡𝗩𝗜𝗗𝗜𝗔’s role across national AI infrastructure projects.

➤ Creates potential long-term demand for advanced GPUs and AI software.

➤ Combines private capital, data centers and accelerated computing at scale.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗛𝗮𝗲𝗷𝗶𝗻 𝗟𝗲𝗲, Founder and Chairman of NAVER:

“NVIDIA’s planned strategic investment and our infrastructure supply agreement with Brookfield have propelled NAVER’s vision for the AI factory business into a robust execution phase. Leveraging the solid partnerships with our global partners, we will drive technological innovation, foster a sovereign AI ecosystem and spearhead efforts to strengthen South Korea’s AI competitiveness.”

𝗦𝗶𝗸𝗮𝗻𝗱𝗲𝗿 𝗥𝗮𝘀𝗵𝗶𝗱, Global Head of AI Infrastructure at Brookfield:

“The partnership will combine Brookfield’s global AI infrastructure investment capabilities, NAVER’s full-stack AI and data center operating expertise, and NVIDIA’s accelerated computing platform to advance Korea’s AI capabilities. As AI adoption accelerates across the global economy, access to trusted, sovereign and scalable AI infrastructure is becoming an increasingly important strategic priority for companies and countries.”

𝗝𝗲𝗻𝘀𝗲𝗻 𝗛𝘂𝗮𝗻𝗴, Founder and CEO of NVIDIA:

“AI factories are the infrastructure nations need to compete and innovate in the intelligence era. Together, NAVER, NVIDIA and Brookfield are building sovereign AI infrastructure at the scale needed to fuel Korea’s startups and industries. This is how nations and companies are building their futures in the age of AI.”

To compete in the intelligence era, nations need AI factory infrastructure.

Together, @official_naver, NVIDIA, and @Brookfield are expanding Korea’s national AI factory buildout to fuel Korea’s startups and industries at gigawatt-scale.

NAVER is deploying the NVIDIA DSX platform to deliver full-stack, lowest-cost AI factory infrastructure.

Source: NVIDIA_X

$Bloom Energy(BE.US) | Wells Fargo reiterates 𝐄𝐪𝐮𝐚𝐥 𝐖𝐞𝐢𝐠𝐡𝐭 on 𝐁𝐥𝐨𝐨𝐦 𝐄𝐧𝐞𝐫𝐠𝐲, maintains 𝐏𝐓 𝐚𝐭 $𝟐𝟏𝟕

Analyst notes Brookfield expanded its financing framework with Bloom 5x to $25B, but sees the upside as mostly priced into the current stock price.

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: Bloom Energy, Brookfield Expand AI Power Partnership to $25 Billion - $Brookfield Asset(BAM.US) $Bloom Energy(BE.US)

👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

➤ 𝐁𝐥𝐨𝐨𝐦 𝐄𝐧𝐞𝐫𝐠𝐲 and Brookfield expanded their strategic partnership to 𝐮𝐩 𝐭𝐨 $𝟐𝟓 𝐛𝐢𝐥𝐥𝐢𝐨𝐧.

➤ Financing framework increased 𝟓𝐱 from 𝐨𝐫𝐢𝐠𝐢𝐧𝐚𝐥 $𝟓 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 announced in October 2025.

➤ Funding will support 𝐟𝐮𝐞𝐥 𝐜𝐞𝐥𝐥 power projects for 𝐀𝐈 𝐝𝐚𝐭𝐚 𝐜𝐞𝐧𝐭𝐞𝐫𝐬 globally.

➤ Partnership combines Brookfield's 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 with Bloom Energy's 𝐨𝐧𝐬𝐢𝐭𝐞 𝐟𝐮𝐞𝐥 𝐜𝐞𝐥𝐥 technology.

➤ Expansion is backed by Brookfield's 𝐀𝐈 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐅𝐮𝐧𝐝, targeting 𝐮𝐩 𝐭𝐨 $𝟏𝟎𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 in investments.

➤ Brookfield has already invested 𝐨𝐯𝐞𝐫 $𝟏𝟎𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 in digital infrastructure and clean power assets.

👉 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬:

➤ Rising AI power demand is driving investment in 𝐚𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐞𝐧𝐞𝐫𝐠𝐲 infrastructure.

➤ Expanded financing could accelerate deployment of 𝐝𝐚𝐭𝐚 𝐜𝐞𝐧𝐭𝐞𝐫 power solutions worldwide.

➤ The deal strengthens Bloom Energy's position in the fast-growing 𝐀𝐈 𝐢𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 market.

👉 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭:

➤ "Today's commitment reflects the momentum we are seeing in the market, as evidenced by recently announced large-scale deals. Bloom is uniquely positioned to address the urgent need for clean, reliable power to support the rapid growth of AI." — 𝐀𝐦𝐚𝐧 𝐉𝐨𝐬𝐡𝐢, Chief Commercial Officer of Bloom Energy.

➤ "The expanded commitment reflects the strength of this partnership and the conviction behind our broader AI infrastructure strategy, including integrated compute." — 𝐒𝐢𝐤𝐚𝐧𝐝𝐞𝐫 𝐑𝐚𝐬𝐡𝐢𝐝, Head of AI Infrastructure at Brookfield.