(HedgeCo.Net). According to newly filed disclosures covering the third quarter of 2025, Bridgewater Associates — long viewed as one of the world’s most influential macro-hedge funds — has sharply reduced its holdings in many of the market’s biggest tech names while rotating into other sectors. Reuters+1
Notably, the firm cut its stake in Nvidia by nearly two-thirds and trimmed its position in Alphabet Inc. by over 50%. At the same time, Bridgewater added to holdings in firms in application software, e-commerce and payments — including names like Adobe Inc., Dynatrace, Inc. and Etsy, Inc.. Reuters+1
Bridgewater’s flagship fund, Pure Alpha Fund, also reportedly remains among the top-performing hedge-fund vehicles in 2025, delivering strong year-to-date gains. Reuters+1
Bridgewater’s portfolio shift underscores a broader recalibration across hedge funds: decreasing concentration in volatile mega-cap tech, increasing exposure to sectors deemed more resilient or offering better risk-adjusted opportunity. As geopolitical tensions, interest-rate swings, and inflation risks loom, Bridgewater appears to be hedging — both literally and figuratively — toward diversification and thematic stock-picking.
For many institutional investors and allocators, this pivot may signal that macro-oriented hedge funds are preparing for a less stable, more fragmented global environment — one where agility, sector diversification and macro risk overlays matter more than the growth-at-all-costs model that fueled past tech rallies.