A new filing from Ray Dalio's Bridgewater Associates shows the stocks the firm bought and sold during the first quarter. Among the top stocks bought are Alibaba (BABA), Baidu (BIDU), the SPDR Gold ETF (GLD), Palo Alto Networks (PANW), and Booking (BKNG).

On the other side, the firm sold stakes in Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta Platforms (META), AppLovin (APP), and SPDR S&P 500 ETF (SPY).

To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

Video Transcript

00:00 Speaker A

One of the biggest voices on Wall Street, Ray Dalio, out with Bridgewater's Q1 portfolio. It's 13F filing season. We learned the largest buys for Bridgewater in terms of stocks, Alibaba, we've also got gold, Baidu and Palo Alto Networks. It did cut its position in the S&P 500 ETF. According to analysts, some really interesting stuff here. When we get these 13F filings, it gives you kind of a playbook into some of the most successful hedge funds. So that's why we pay so much attention to it. Taking a look at some sector action here, they're waiting in health care fell the most over the quarter here. They've boosted their waitings in financials more than any other industry. It looks like right now they have almost as much in financials as they do in technology, which is interesting. And I thought that trim in the S&P 500 couldn't be ignored though. We should mention, it's still about 8.7% of assets.

01:26 Speaker B

Yeah, I thought gold was interesting too because obviously we know it has glittered this year. Plenty of bulls on the show recently, though, US-China trade truce that is you know, obviously boosted risk assets, but may reduce the metal's appeal per Bloomberg, it actually slipped here, lowest level in more than a month. But Bridgewater are thinking it is still a smart investment.

02:06 Speaker A

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