Eisler Capital Management Ltd and Bridgewater Associates LP: where the books meet
At Q3 2025, at least 13% of the two 13F books was the same, across 59 stocks both listed, against 1.4% at Q1 2021. 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.
- Q1 2021: 1.4%, 16 in both
- Q2 2021: 0.8%, 9 in both
- Q3 2021: 1.5%, 25 in both
- Q4 2021: 1.3%, 12 in both
- Q1 2022: 3.8%, 47 in both
- Q2 2022: 3.6%, 18 in both
- Q3 2022: 4.8%, 38 in both
- Q4 2022: 4.2%, 20 in both
- Q1 2023: 3.4%, 47 in both
- Q2 2023: 2.6%, 54 in both
- Q3 2023: 4.7%, 66 in both
- Q4 2023: 3.1%, 85 in both
- Q1 2024: 3.1%, 87 in both
- Q2 2024: 1.1%, 49 in both
- Q3 2024: 1.0%, 38 in both
- Q4 2024: 7.0%, 47 in both
- Q1 2025: 9.5%, 71 in both
- Q2 2025: 7.4%, 65 in both
- Q3 2025: 13%, 59 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, Q3 2025
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.
| Stock | Eisler Capital Management Ltd | Bridgewater Associates LP |
|---|---|---|
| iShares Trust(IVV) | 15%Added | 11%Added |
| Spdr S&P 500 Etf Trust(SPY) | 1.2%Added | 6.7%Trimmed |
| Amazon Com Inc(AMZN) | under 0.1%Added | 1.0%Trimmed |
| Procter and Gamble Co(PG) | under 0.1%Added | under 0.1%Added |
| Adobe Systems Incorporated(ADBE) | under 0.1%Added | 1.7%Added |
| Microsoft Corp(MSFT) | under 0.1%Added | 2.2%Trimmed |
| Salesforce Com Inc(CRM) | under 0.1%Added | 1.9%Added |
| PayPal HLDGS Inc(PYPL) | under 0.1%Trimmed | 0.7%Trimmed |
| Barrick MNG Corp(B) | under 0.1%Added | under 0.1%Trimmed |
| Coca Cola Co(KO) | under 0.1%Added | under 0.1%Added |
| Schwab Charles Corp(SCHW) | under 0.1%Trimmed | 0.2%New |
| G6700g107(NVT) | under 0.1%Trimmed | under 0.1%New |
| Lilly Eli & Co(LLY) | under 0.1%Added | under 0.1%New |
| Costco WHSL Corp New(COST) | under 0.1%Added | 0.2%Added |
| Verizon Communications Inc(VZ) | under 0.1%Added | under 0.1%Added |
| Servicenow Inc(NOW) | under 0.1%Added | 1.1%Added |
| Palantir Technologies Inc(PLTR) | under 0.1%Added | under 0.1%New |
| Visa Inc(V) | under 0.1%Added | 0.9%Added |
| Trane Technologies PLC(TT) | under 0.1%New | under 0.1%Added |
| Union Pac Corp(UNP) | under 0.1%Trimmed | 0.2%New |
and 39 smaller ones
Moved different ways in Q3 2025
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.
- Spdr S&P 500 Etf Trust(SPY)Eisler Capital Management Ltd added; Bridgewater Associates LP trimmed
- Microsoft Corp(MSFT)Eisler Capital Management Ltd added; Bridgewater Associates LP trimmed
- Advanced Micro Devices Inc(AMD)Eisler Capital Management Ltd trimmed; Bridgewater Associates LP added
- Amazon Com Inc(AMZN)Eisler Capital Management Ltd added; Bridgewater Associates LP trimmed
- Regeneron Pharmaceuticals(REGN)Eisler Capital Management Ltd trimmed; Bridgewater Associates LP added
- LPL Finl HLDGS Inc(LPLA)Eisler Capital Management Ltd sold out; Bridgewater Associates LP added
- Constellation Energy Corp(CEG)Eisler Capital Management Ltd started; Bridgewater Associates LP sold out
- Schwab Charles Corp(SCHW)Eisler Capital Management Ltd trimmed; Bridgewater Associates LP started
- Union Pac Corp(UNP)Eisler Capital Management Ltd trimmed; Bridgewater Associates LP started
- Capital One Finl Corp(COF)Eisler Capital Management Ltd trimmed; Bridgewater Associates LP added
- Regions Financial Corp New(RF)Eisler Capital Management Ltd sold out; Bridgewater Associates LP added
- Marvell Technology Inc(MRVL)Eisler Capital Management Ltd added; Bridgewater Associates LP trimmed
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