"Ray Dalio's Bridgewater Associates is a hedge fund with $136.5 billion in assets. Dalio is the founder of one of the largest hedge funds, and it has stood the test of time. The hedge fund makes smart moves and invests in stocks and exchange-traded funds (ETFs) that show high growth potential. This year, Ray Dalio's hedge fund is loading up on iShares Core S&P 500 (SPDR S&P 500 ETF Trust (NYSEARCA:IVV), NYSEARCA:SPY ) , and NVIDIA Corp. (NASDAQ:NVDA), as per the 13F reports."
"The ETF tracks the performance of the S&P 500 index and invests in the 500 largest U.S. companies based on market capitalization. This means IVV's top holdings include the Magnificent Seven, such as Nvidia, Microsoft, Apple, Amazon, and Alphabet. It holds 500 stocks and has a yield of 1.06%. The ETF has the highest allocation in the information technology sector (36.18%), followed by financials (12.76%) and consumer discretionary (10.68%)."
Bridgewater Associates, managing $136.5 billion, has increased positions in the iShares Core S&P 500 ETF and NVIDIA. The firm added 134,544 IVV shares in Q2, making IVV 5.78% of its portfolio and maintaining ownership of over one million shares since 2010. IVV tracks the S&P 500, holds 500 large-cap U.S. stocks, and concentrates in information technology, financials, and consumer discretionary. IVV offers a 0.03% expense ratio, a 1.06% yield, strong three- and five-year cumulative returns, and diversified, lower-risk exposure compared with single-stock investments.
Read at 24/7 Wall St.
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