Source: Wall Street

Qiaoshui to the heavy stock Walmart IncAnd Procter & Gamble CoPreferred, continued to increase substantially in the first half of the year, reduced holdings of larger stocks in the second quarter also included a variety of gold ETF, Tesla, Inc., who just built a position in the first quarter.It was sold 30% directly. The fund's position soared 37% in the second quarter, with the S & P market still the largest heavy stock after a sharp sell-off in ETF.

Bridge Associates, the world's largest hedge fund, reduced its holdings in finance, communications, consumer discretionary and materials stocks and increased its holdings in consumer necessities, health care, industry and information technology sectors in the second quarter ended June 30, according to the 13F report released on Friday. Less than 24% of the funds are allocated to financial stocks, down sharply from an average of about 80% since 2012.

At the end of the second quarter, Bridgewater had more than $223 billion in discretionary assets (AUM), of which 13F securities had a market capitalization of $15.588 billion, up more than 37 per cent from $11.34 billion at the end of the first quarter, while the S & P 500 was up nearly 6 per cent over the same period. Qiaoshui built 329 shares for the first time in the second quarter, increased its holdings by 255 shares, reduced its holdings by 116 shares, and completely cleared 80 shares.

Among the stocks in the newly built warehouse, the top three holding value of Qiaoshui are Linde Group (Linde plc), the largest industrial gas company in the world, and Weirui, the leader of virtual machine software.(VMware) and Deere & Co., the world's largest manufacturer of agricultural equipment.The fund also bought again.MeiguangScience and technology,Applied Materials Inc、 Lam Research Corp 、 NVIDIA Corp 、IntelWait for the chip stock.

The top five stocks held by Qiaoshui in the season were Coca-Cola Company., iShares emerging Markets Index Fund (trading code EEM), Walmart Inc, Procter & Gamble Co and Johnson & JohnsonCompared with the first quarter of this year, the company increased its holdings by nearly 2.57 million shares, more than 1.76 million shares, more than 1.63 million shares, more than 1.53 million shares and more than 1.11 million shares, respectively, with a month-on-month increase of 45 per cent, 421 per cent, 45 per cent, 47 per cent and 65 per cent respectively.

The water of the bridge also increases the holding of PepsiCo Inc.More than 880000 shares or an increase of 49%, increasing their holdings of Costco, Target and McDonald's CorpConsumer giants, as well as iShares Core S & P 500 ETF (ticker symbol: IVV), which tracks the largest stocks by market capitalization.Qiaoshui obviously has a preference for Walmart Inc and Procter & Gamble Co, and its holdings were greatly increased in the first quarter of this year.

Among the larger stocks, Qiaoshui reduced its holdings of SPDR S & P 500 ETF (trading code: SPY) by 1.16 million shares, or 37%, to 1.98 million shares, and Walgreens, the world's largest pharmaceutical circulation company.United Capital (Walgreens Boots Alliance) reduced its holdings by nearly 750000 shares, or 82%, to more than 160000 shares, while General Mills reduced its holdings by nearly 660000 shares or plummeted by 94%, bringing its total holdings to less than 43100 shares.

The larger stocks that Qiaoshui reduced its holdings in the second quarter also included a variety of gold ETF.Among them, the total holdings of SPDR gold ETF (trading code: GLD) are reduced by more than 110000 shares or 6%, and the total holdings of iShares gold trust (trading code: IAU) are reduced by nearly 210000 shares or 4%, and the total holdings of iShares gold trust (trading code: IAU) are reduced to more than 4.21 million shares.

The bridge water has also been reduced.TAL Education Group、New Oriental Education & Technology Group、JingDong、VIPSHOPAnd other Chinese-listed stocks; 1.18% reduction of Tesla, Inc. 's holdings.Ten thousand shares or a decrease of 31%，The total number of shares has fallen to more than 25000 shares, worth nearly $17.15 million. In the first quarter of this year, Qiaoshui just built a position in Tesla, Inc. 37060 shares, with a market capitalization of $24.75 million.

Among the stocks that have been thoroughly cleared, Mondelez International Inc International, a global snack giant spun off from Kraft Foods,1.83 million shares were sold, valued at more than $100m; Coca-cola European Partners Plc, the bottling company in charge of Coca-Cola Company's European operations, was sold more than 570000 shares, valued at $29.8 million; iShares Mingsheng Korea ETF (trading code: EWY), Western Electronics, "burning after reading" social media Snap Inc, Southwest Airlines and Crowdstrike, a developer of cyber security software, have all been liquidated.

To sum up, as of the end of the second quarter, the top five shares of SPDR Shuizhong stocks are: SPDR S & P 500 ETF (1.98 million shares, worth $845 million), Walmart Inc (5.22 million shares, worth $737 million), Vanguard FTSE emerging Markets ETF (Trading symbol: VWO) (nearly 11.9 million shares, worth $645 million), Procter & Gamble Co (total 4.75 million shares) The shareholding is worth US $641 million) and Johnson & Johnson (the total number of shares is 2.82 million, the value of the stake is US $465 million).