Ray Dalio’s Bridgewater Buys GME Stock and Others.
$GameStop(GME.US$ Interestingly, these popular retail favorites weren’t the only ones Ray Dalio purchased this past quarter. The hedge fund disposed of its position in $Tesla(TSLA.US$ , while adding exposure to $Airbnb(ABNB.US$ and Berkshire Hathaway $Berkshire Hathaway-B(BRK.B.US$ .
It appears the market is attempting to make sense of these moves today. On the one hand, the risk-on bets for $AMC Entertainment(AMC.US$ and GameStop are in contrast to the hedge fund’s sales of high-growth electric vehicle (EV) maker Tesla.
Hedge funds are stock pickers, and they pick various stocks for different reasons. Mr. Dalio clearly sees something the market doesn’t with many of these stocks. Indeed, there are many investors who may disagree with Bridgewater’s recent moves this past quarter.
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