Ray Dalio's Bridgewater takes new stake in FHN, buys more META, PYPL, GOOGL
Kimberly White
Bridgewater Associates, the hedge fund giant founded by Ray Dalio nearly 50 years ago, added new stakes in First Horizon (NYSE:FHN) (480K shares), Grab Holdings (NASDAQ:GRAB) (1.36M shares), Genworth Financial, Inc. (NYSE:GNW) (609K shares), and BGC Partners, Inc. (NASDAQ:BGCP) (618K shares) during the first quarter of 2023, according to its 13F filing issued earlier this week. 
It boosted its stakes in Meta Platforms, Inc. (NASDAQ:META) to 1M shares from 536K, PayPal Holdings, Inc. (NASDAQ:PYPL) to 1.55M shares from 971K, Alphabet Class A (NASDAQ:GOOGL) to 2.31M shares from 743.7K, and Farfetch (NYSE:FTCH) to 3.34M shares from 1.89M. 
Meanwhile, the firm reduced its holdings in Trip.com Group (NASDAQ:TCOM) to 1.09M shares from 1.85M, NIO Inc. (NYSE:NIO) to 2.53M shares from 4.25M, Pfizer (NYSE:PFE) to 1.68M shares from 2.74M, and Li Auto Inc. (NASDAQ:LI) to 792K shares from 1.75M, the filing showed. 
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