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← Element Capital Management LLC, its record

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

At Q2 2026, at least 13% of the two 13F books was the same, across 15 stocks both listed, against 0.0% at Q4 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%20%39%Q4 2013: 0.0%, 0 in bothQ1 2014: 0.0%, 0 in both14Q2 2014: 0.0%, 0 in bothQ3 2014: 0.0%, 0 in bothQ4 2014: 0.6%, 12 in bothQ1 2015: 0.0%, 0 in both15Q2 2015: 2.4%, 82 in bothQ3 2015: 4.3%, 39 in bothQ4 2015: 4.6%, 55 in bothQ1 2016: 5.5%, 75 in both16Q2 2016: 5.1%, 74 in bothQ3 2016: 0.6%, 14 in bothQ4 2016: 0.7%, 21 in bothQ1 2017: 0.1%, 3 in both17Q2 2017: under 0.1%, 5 in bothQ3 2017: under 0.1%, 2 in bothQ4 2017: 1.5%, 34 in bothQ1 2018: 4.5%, 141 in both18Q2 2018: 4.4%, 142 in bothQ3 2018: 4.8%, 137 in bothQ4 2018: 7.1%, 173 in bothQ1 2019: 4.3%, 130 in both19Q2 2019: 2.9%, 58 in bothQ3 2019: 3.3%, 54 in bothQ4 2019: under 0.1%, 4 in bothQ1 2020: 0.0%, 0 in both20Q2 2020: 0.8%, 25 in bothQ3 2020: 0.7%, 10 in bothQ4 2020: 0.4%, 5 in bothQ1 2021: 1.1%, 5 in both21Q2 2021: 0.3%, 4 in bothQ3 2021: under 0.1%, 1 in bothQ4 2021: 21%, 25 in bothQ1 2022: 14%, 88 in both22Q2 2022: 18%, 74 in bothQ3 2022: 17%, 69 in bothQ4 2022: 1.4%, 12 in bothQ1 2023: 39%, 91 in both23Q2 2023: 37%, 115 in bothQ3 2023: 35%, 117 in bothQ4 2023: 0.1%, 2 in bothQ1 2024: 9.1%, 17 in both24Q2 2024: 14%, 23 in bothQ3 2024: 12%, 10 in bothQ4 2024: 0.0%, 0 in bothQ1 2025: 12%, 65 in both25Q2 2025: 0.0%, 0 in bothQ3 2025: 6.0%, 31 in bothQ4 2025: 12%, 30 in bothQ1 2026: 2.6%, 14 in both26Q2 2026: 13%, 15 in both
  • Q4 2013: 0.0%, 0 in both
  • Q1 2014: 0.0%, 0 in both
  • Q2 2014: 0.0%, 0 in both
  • Q3 2014: 0.0%, 0 in both
  • Q4 2014: 0.6%, 12 in both
  • Q1 2015: 0.0%, 0 in both
  • Q2 2015: 2.4%, 82 in both
  • Q3 2015: 4.3%, 39 in both
  • Q4 2015: 4.6%, 55 in both
  • Q1 2016: 5.5%, 75 in both
  • Q2 2016: 5.1%, 74 in both
  • Q3 2016: 0.6%, 14 in both
  • Q4 2016: 0.7%, 21 in both
  • Q1 2017: 0.1%, 3 in both
  • Q2 2017: under 0.1%, 5 in both
  • Q3 2017: under 0.1%, 2 in both
  • Q4 2017: 1.5%, 34 in both
  • Q1 2018: 4.5%, 141 in both
  • Q2 2018: 4.4%, 142 in both
  • Q3 2018: 4.8%, 137 in both
  • Q4 2018: 7.1%, 173 in both
  • Q1 2019: 4.3%, 130 in both
  • Q2 2019: 2.9%, 58 in both
  • Q3 2019: 3.3%, 54 in both
  • Q4 2019: under 0.1%, 4 in both
  • Q1 2020: 0.0%, 0 in both
  • Q2 2020: 0.8%, 25 in both
  • Q3 2020: 0.7%, 10 in both
  • Q4 2020: 0.4%, 5 in both
  • Q1 2021: 1.1%, 5 in both
  • Q2 2021: 0.3%, 4 in both
  • Q3 2021: under 0.1%, 1 in both
  • Q4 2021: 21%, 25 in both
  • Q1 2022: 14%, 88 in both
  • Q2 2022: 18%, 74 in both
  • Q3 2022: 17%, 69 in both
  • Q4 2022: 1.4%, 12 in both
  • Q1 2023: 39%, 91 in both
  • Q2 2023: 37%, 115 in both
  • Q3 2023: 35%, 117 in both
  • Q4 2023: 0.1%, 2 in both
  • Q1 2024: 9.1%, 17 in both
  • Q2 2024: 14%, 23 in both
  • Q3 2024: 12%, 10 in both
  • Q4 2024: 0.0%, 0 in both
  • Q1 2025: 12%, 65 in both
  • Q2 2025: 0.0%, 0 in both
  • Q3 2025: 6.0%, 31 in both
  • Q4 2025: 12%, 30 in both
  • Q1 2026: 2.6%, 14 in both
  • Q2 2026: 13%, 15 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.

StockElement Capital Management LLCBridgewater Associates LP
iShares Trust(IVV)24%New9.2%Added
Vanguard Index Funds(VOO)22%New1.3%Added
Spdr S&P 500 Etf Trust(SPY)1.2%New16%Added
Nvidia Corp(NVDA)0.2%New3.2%Trimmed
Servicenow Inc(NOW)0.2%New0.3%New
Hca Healthcare Inc(HCA)0.2%New0.3%Added
Crowdstrike HLDGS Inc(CRWD)under 0.1%Newunder 0.1%Added
Mongodb Inc(MDB)under 0.1%Newunder 0.1%Trimmed
Sysco Corp(SYY)under 0.1%Newunder 0.1%Added
Altria Group Inc(MO)under 0.1%New0.5%Added
Thermo Fisher Scientific Inc(TMO)under 0.1%Newunder 0.1%Trimmed
Abbott Labs(ABT)under 0.1%Newunder 0.1%Trimmed
Aon PLC(AON)under 0.1%Newunder 0.1%Trimmed
Raytheon Technologies Corp(RTX)under 0.1%Trimmedunder 0.1%New
Danaher Corp Del(DHR)0.2%Newunder 0.1%Added

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)Element Capital Management LLC started; Bridgewater Associates LP trimmed
  • T Mobile US Inc(TMUS)Element Capital Management LLC sold out; Bridgewater Associates LP added
  • Lockheed Martin Corp(LMT)Element Capital Management LLC sold out; Bridgewater Associates LP added
  • Mongodb Inc(MDB)Element Capital Management LLC started; Bridgewater Associates LP trimmed
  • Thermo Fisher Scientific Inc(TMO)Element Capital Management LLC started; Bridgewater Associates LP trimmed
  • Abbott Labs(ABT)Element Capital Management LLC started; Bridgewater Associates LP trimmed
  • Aon PLC(AON)Element Capital Management LLC started; Bridgewater Associates LP trimmed
  • Raytheon Technologies Corp(RTX)Element Capital Management LLC trimmed; Bridgewater Associates LP started
Element Capital Management LLC: the recordBridgewater Associates LP: the record

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