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← Bridgewater Associates LP, its record

Bridgewater Associates LP and AQR Capital Management LLC: where the books meet

At Q2 2026, at least 31% of the two 13F books was the same, across 252 stocks both listed, against 4.7% at Q2 2013. Overlap is the smaller of each shared stock’s two weights, added up: the part of one book that could be swapped for the other’s without a trade.

Overlap by quarter
0%18%37%Q2 2013: 4.7%, 142 in bothQ3 2013: 4.7%, 130 in bothQ4 2013: 5.2%, 122 in bothQ1 2014: 6.4%, 156 in both14Q2 2014: 6.9%, 147 in bothQ3 2014: 6.3%, 176 in bothQ4 2014: 7.2%, 160 in bothQ1 2015: 8.9%, 196 in both15Q2 2015: 8.6%, 173 in bothQ3 2015: 13%, 204 in bothQ4 2015: 11%, 150 in bothQ1 2016: 11%, 153 in both16Q2 2016: 12%, 184 in bothQ3 2016: 10%, 160 in bothQ4 2016: 9.3%, 142 in bothQ1 2017: 5.9%, 123 in both17Q2 2017: 6.5%, 164 in bothQ3 2017: 5.8%, 140 in bothQ4 2017: 5.0%, 114 in bothQ1 2018: 8.5%, 206 in both18Q2 2018: 10%, 220 in bothQ3 2018: 8.5%, 174 in bothQ4 2018: 13%, 217 in bothQ1 2019: 7.4%, 158 in both19Q2 2019: 8.4%, 125 in bothQ3 2019: 9.7%, 155 in bothQ4 2019: 7.1%, 174 in bothQ1 2020: 8.0%, 193 in both20Q2 2020: 7.1%, 200 in bothQ3 2020: 20%, 222 in bothQ4 2020: 22%, 244 in bothQ1 2021: 23%, 200 in both21Q2 2021: 26%, 235 in bothQ3 2021: 22%, 204 in bothQ4 2021: 21%, 213 in bothQ1 2022: 26%, 261 in both22Q2 2022: 32%, 272 in bothQ3 2022: 28%, 236 in bothQ4 2022: 28%, 237 in bothQ1 2023: 27%, 230 in both23Q2 2023: 28%, 234 in bothQ3 2023: 29%, 242 in bothQ4 2023: 30%, 244 in bothQ1 2024: 36%, 234 in both24Q2 2024: 35%, 248 in bothQ3 2024: 37%, 246 in bothQ4 2024: 33%, 253 in bothQ1 2025: 32%, 257 in both25Q2 2025: 31%, 247 in bothQ3 2025: 32%, 272 in bothQ4 2025: 32%, 271 in bothQ1 2026: 28%, 226 in both26Q2 2026: 31%, 252 in both
  • Q2 2013: 4.7%, 142 in both
  • Q3 2013: 4.7%, 130 in both
  • Q4 2013: 5.2%, 122 in both
  • Q1 2014: 6.4%, 156 in both
  • Q2 2014: 6.9%, 147 in both
  • Q3 2014: 6.3%, 176 in both
  • Q4 2014: 7.2%, 160 in both
  • Q1 2015: 8.9%, 196 in both
  • Q2 2015: 8.6%, 173 in both
  • Q3 2015: 13%, 204 in both
  • Q4 2015: 11%, 150 in both
  • Q1 2016: 11%, 153 in both
  • Q2 2016: 12%, 184 in both
  • Q3 2016: 10%, 160 in both
  • Q4 2016: 9.3%, 142 in both
  • Q1 2017: 5.9%, 123 in both
  • Q2 2017: 6.5%, 164 in both
  • Q3 2017: 5.8%, 140 in both
  • Q4 2017: 5.0%, 114 in both
  • Q1 2018: 8.5%, 206 in both
  • Q2 2018: 10%, 220 in both
  • Q3 2018: 8.5%, 174 in both
  • Q4 2018: 13%, 217 in both
  • Q1 2019: 7.4%, 158 in both
  • Q2 2019: 8.4%, 125 in both
  • Q3 2019: 9.7%, 155 in both
  • Q4 2019: 7.1%, 174 in both
  • Q1 2020: 8.0%, 193 in both
  • Q2 2020: 7.1%, 200 in both
  • Q3 2020: 20%, 222 in both
  • Q4 2020: 22%, 244 in both
  • Q1 2021: 23%, 200 in both
  • Q2 2021: 26%, 235 in both
  • Q3 2021: 22%, 204 in both
  • Q4 2021: 21%, 213 in both
  • Q1 2022: 26%, 261 in both
  • Q2 2022: 32%, 272 in both
  • Q3 2022: 28%, 236 in both
  • Q4 2022: 28%, 237 in both
  • Q1 2023: 27%, 230 in both
  • Q2 2023: 28%, 234 in both
  • Q3 2023: 29%, 242 in both
  • Q4 2023: 30%, 244 in both
  • Q1 2024: 36%, 234 in both
  • Q2 2024: 35%, 248 in both
  • Q3 2024: 37%, 246 in both
  • Q4 2024: 33%, 253 in both
  • Q1 2025: 32%, 257 in both
  • Q2 2025: 31%, 247 in both
  • Q3 2025: 32%, 272 in both
  • Q4 2025: 32%, 271 in both
  • Q1 2026: 28%, 226 in both
  • Q2 2026: 31%, 252 in both

Only quarters both managers filed. Where either filing has more positions than are read each quarter, a stock both hold below that range is not counted, so the figure is a floor.

What the overlap is made of, Q2 2026

Stocks both listed, by the smaller of the two weights. A weight is the stock’s share of that manager’s reported book, which says how large the position is, not how strongly it is held.

StockBridgewater Associates LPAQR Capital Management LLC
Nvidia Corp(NVDA)3.2%Trimmed2.6%Added
Microsoft Corp(MSFT)1.1%Trimmed1.5%Added
Amazon Com Inc(AMZN)2.0%Trimmed1.0%Added
Broadcom Inc(AVGO)2.0%Trimmed0.9%Added
Alphabet Inc(GOOGL)1.9%Trimmed0.7%Added
Ge Vernova Inc(GEV)0.6%Trimmed0.6%Added
Micron Technology Inc(MU)0.6%Trimmed1.5%Trimmed
Lam Research Corp(LRCX)1.7%Trimmed0.5%Added
Western Digital Corp(WDC)0.5%Trimmed0.7%Trimmed
Apple Inc(AAPL)0.4%Trimmed1.7%Added
Lilly Eli & Co(LLY)0.4%Added0.4%Added
Seagate Technology Hldngs PL(STX)0.8%Trimmed0.4%Added
Pg&e Corp(PCG)0.4%Added0.5%Added
Comfort Sys USA Inc(FIX)0.4%Trimmed0.7%Trimmed
Edison Intl(EIX)0.4%Added0.5%Trimmed
Advanced Micro Devices Inc(AMD)1.3%Trimmed0.3%Added
Wells Fargo & Co New(WFC)0.4%Added0.3%Added
Spdr S&P 500 Etf Trust(SPY)16%Added0.3%Added
Citigroup Inc(C)0.3%Trimmed0.3%Added
Amphenol Corp New(APH)0.5%Trimmed0.3%Trimmed

and 232 smaller ones

Moved different ways in Q2 2026

Stocks one manager started or added to while the other trimmed or sold out, between the same two quarter ends. A 13F shows the quarter ends, never when in between anything was bought or sold, or why.

  • Nvidia Corp(NVDA)Bridgewater Associates LP trimmed; AQR Capital Management LLC added
  • Apple Inc(AAPL)Bridgewater Associates LP trimmed; AQR Capital Management LLC added
  • Microsoft Corp(MSFT)Bridgewater Associates LP trimmed; AQR Capital Management LLC added
  • Amazon Com Inc(AMZN)Bridgewater Associates LP trimmed; AQR Capital Management LLC added
  • Broadcom Inc(AVGO)Bridgewater Associates LP trimmed; AQR Capital Management LLC added
  • Alphabet Inc(GOOG)Bridgewater Associates LP trimmed; AQR Capital Management LLC added
  • Alphabet Inc(GOOGL)Bridgewater Associates LP trimmed; AQR Capital Management LLC added
  • Centene Corp Del(CNC)Bridgewater Associates LP added; AQR Capital Management LLC trimmed
  • Ge Vernova Inc(GEV)Bridgewater Associates LP trimmed; AQR Capital Management LLC added
  • Lam Research Corp(LRCX)Bridgewater Associates LP trimmed; AQR Capital Management LLC added
  • Intel Corp(INTC)Bridgewater Associates LP started; AQR Capital Management LLC trimmed
  • Edison Intl(EIX)Bridgewater Associates LP added; AQR Capital Management LLC trimmed
Bridgewater Associates LP: the recordAQR Capital Management LLC: the record

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