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International Business Times UK

Niloy Chakrabarti

Ray Dalio's Bridgewater Dumps Nvidia, Apple and Amazon: Buys Into Oil and Energy

Ray Dalio Amazon Apple Bridgewater Nvidia Oil Bridgewater Associates Donald Trump Shell MAG

Ray Dalio founded Bridgewater Associates in 1975. (Credit: WORLD ECONOMIC FORUM Moritz Hager/Flickr)

Bridgewater Associates, founded by billionaire investor Ray Dalio, sold millions of shares of Mag 7 stocks that are leading the AI race. According to the latest 13F-HR filing with the US Securities and Exchange Commission, the hedge funds sold shares of Nvidia, Apple, Amazon, Alphabet, and Microsoft in Q2, while piling into oil and energy companies like Shell, Vistra Corp., Petroleo Brasileiro (Petrobas), and PG&E Corp.

Known for its risk parity, 'Pure Alpha,' and 'All Weather' investment strategies, the hedge fund has been aggressively reshaping its holdings amid dynamic market conditions.

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