Feb 14 - Ray Dalio (Trades, Portfolio)'s Bridgewater Associates, one of the world's largest hedge funds, rebalanced its portfolio in Q4 2024 with notable moves. The fund took a fresh stake in Tesla (TSLA, Financial), acquiring 153.6K shares as it looks to capitalize on the EV boom. Bridgewater also initiated new positions in ServiceNow (NOW, Financial) with 56.4K shares, Moderna (MRNA, Financial) at 605.8K shares, and utility PPL (PPL, Financial) at 704.1K shares. Additionally, the hedge fund significantly increased its holding in AT&T (T, Financial) from 1.29M shares in Q3 to 6.48M shares, and nearly doubled its position in PayPal (PYPL, Financial) to 2.36M shares. Further increases came in AppLovin (APP, Financial) and Vistra (VST, Financial), with holdings rising by 85.6% and 58.9% respectively.

On the contrary, Bridgewater took money off the table from stakes in Micron Technology (MU, Financial), Goldman Sachs (GS, Financial), Electronic Arts (EA, Financial), and Spotify (SPOT, Financial). That sent a strong signal that the fund is pivoting away from sectors with lower growth and more towards those with higher growth, such as Applied Materials (AMAT, Financial), Walmart (WMT, Financial), Procter & Gamble (PG, Financial), Coca-Cola (KO, Financial) and Johnson & Johnson (JNJ, Financial).