Taiwanese media outlet Liberty Times Network (LTN) reported that Bridgewater Associates, the world’s largest hedge fund, liquidated all of its U.S.-listed Chinese concept stock holdings in the second quarter, totaling US$ 1.41 billion. The move is widely seen as a strong signal of investor concern over the economic outlook of the world’s second-largest economy.
According to Bridgewater’s 13F filing with the U.S. Securities and Exchange Commission, the fund divested from 16 Chinese companies, including e-commerce leaders Alibaba, JD.com, and Pinduoduo; search engine giant Baidu; electric vehicle maker NIO; travel platform Trip.com; and restaurant chain Yum China. This marks the first time in years that Bridgewater has fully exited all Chinese companies listed in the U.S.
Beyond direct stock sales, Bridgewater also cut indirect exposure to China by selling off its stakes in exchange-traded funds (ETFs) such as the iShares MSCI China ETF and the iShares China Large-Cap ETF. The move underscores a broader strategic retreat from Chinese assets.
Source: LTN, August 14, 2025
https://stock.ltn.com.tw/article/3tthrj4vdnmr