Ray Dalio’s Bridgewater Associates sold off its entire stakes in Amazon.com Inc. , Coca-Cola Inc. and Gap Inc. during the first quarter, while adding new stakes in Alphabet Inc. and McDonald’s Corp. according to the latest regulatory filings. Among other moves made by the fund, which had $7.9 billion in equity assets as of March 31, during the quarter, it slashed his holding of Apple Inc. by two-thirds, his PepsiCo Inc. stake by about 80% and his Facebook Inc. holdings nearly in half, the funds 13F filing shows. Bridgewater also more than tripled his stake in Intel Corp. and added new stakes in United Parcel Service Inc. and Delta Air Lines Inc. and D.R. Horton Inc. . Separately, he increased his holdings in a number of oil and gas stocks, while reducing his exposure to gold miners.
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