Overview

• Bridgewater sold its stakes in 16 U.S.-listed Chinese companies worth $1.41 billion as of June 30, according to its August 13 SEC 13F filing.
• The divestment covered major names such as Alibaba, JD.com, Baidu, Nio, Trip.com and Yum China, eliminating its direct China exposure for the first time in years.
• The firm also closed indirect China bets by offloading positions in iShares MSCI China ETF (MCHI) and iShares China Large-Cap ETF (FXI).
• Proceeds were redirected into U.S. mega-cap technology stocks, with Nvidia holdings up 154% and Microsoft, Alphabet and Meta stakes each rising by more than 80%.
• The shift reflects a rapid reassessment of geopolitical risk and investor caution after renewed U.S.-China tariff tensions and market volatility.