Bridgewater Associates LP has disclosed that the value of its equity holdings as of the end of the second quarter increased by 37.5% from the end of the first quarter, while the S&P 500
SPX,
+0.16%

increased just 8.2% over the same time. The hedge fund manager’s largest company holding in terms of value as of June 30 was Walmart Inc.
WMT,
+0.32%
,
with the fund increasing its ownership by 51% in three months to $736.5 million, while its holding of rival discount retailer Target Inc.
TGT,
-0.13%

grew 91% to $216.3 million. Among other changes the fund made to its holdings during the second quarter, it reduced its holding in Tesla Inc.
TSLA,
-0.70%

by 31% to $17.15 million; it add new investments in chipmakers Nvidia Corp.
NVDA,
+1.42%

worth $16.9 million, Advanced Micro Devices Inc.
AMD,
+3.80%

worth $10.4 million, Intel Corp.
INTC,
-0.09%

worth $2.0 million and Micron Technology Inc.
MU,
+0.95%

worth $18.4 million; it sold off its stakes in Delta Air Lines Inc.
DAL,
-1.55%

and Southwest Airlines Co.
LUV,
-1.14%
,
while adding a new $1.6 million stake in United Airlines Holdings Inc.
UAL,
-1.59%

; it sold off its stakes in United Parcel Service Inc.
UPS,
+0.18%

and Boeing Co.
BA,
-1.56%
,
but added new stakes in Caterpillar Inc.
CAT,
-0.76%

($18.8 million) and Deere & Co.
DE,
-0.42%

($26.6 million); added a $1.6 million bet on Carnival Corp.
CCL,
-2.14%

; and boosted its stake in General Electric Co.
GE,
-1.50%

by nearly 29 times to $18.6 million from about $650,000.

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