Ray Dalio's Bridgewater sells Netflix, Home Depot, adds AT&T, Micron
Kimberly White

Bridgewater Associates, the 50-year-old hedge fund founded by billionaire investor Ray Dalio, started new positions in AT&T (NYSE:T) with 1.98M shares, Spotify Technology (NYSE:SPOT) with 68.8K shares, Micron Technology (NASDAQ:MU) with 218.6K shares, DoorDash (NYSE:DASH) with 368.3K shares, and Cummins (NYSE:CMI) with 39.5K shares, during the second quarter, according to its latest 13F filing.

The firm exited its positions in Netflix (NASDAQ:NFLX), SPDR Gold Shares ETF (NYSEARCA:GLD), Home Depot (NYSE:HD) and Extra Space Storage (NYSE:EXR).
It trimmed stakes in Meta Platforms (NASDAQ:META) to 537.6K shares from roughly 1M shares, Mastercard (NYSE:MA) to 154.8K shares from 303.8K shares, and Procter & Gamble (NYSE:PG) to 4.62M shares from 4.94M shares.
Boosted holdings in Uber Technologies (NYSE:UBER) to 1.06M shares from 460.5K shares, and Philip Morris International (NYSE:PM) to 814.6K shares from ~447K shares, the filing issued on August 11 showed.
In Q1, Bridgewater opened new stakes in First Horizon and Grab Holdings.