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Tycoon Ray Dalio Just Made a Bet on GameStop (GME) Stock

Need the motivation to shop GameStop? These huge flexible investments are giving one today. Recent 13F filings show that Ray Dalio's Bridgewater Associates bought a position in shares of GameStop (NYSE: GME)

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❂: The hedge fund also bought a sizeable position in rival meme stock AMC Entertainment (NYSE: AMC) This could signal to the market that the hedge fund is advocating a riskier approach to stocks

It's 13F filing season again - one of my favorite times of every quarter. In addition to earnings, 13F filings provide another catalyst for investors to jump on and support their own individual thesis about a given stock. There's some really good news for GameStop ( NYSE: GME ) investors today on that front.


The world's largest hedge fund, Bridgewater Associates, announced stakes in GameStop and AMC Entertainment (NYSE: AMC) last quarter. The stakes in both of these companies were reportedly worth just under $700 million apiece.


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GME stock and AMC stock are two of the riskiest stocks on the market, so this move is interesting. Perhaps Bridgewater views these companies as highly leveraged "option-like" stocks that can be bought to gain exposure to upside rallies. Whatever the case, it's clear that Ray Dalio is increasingly optimistic about the market's near-term outlook.


Mr. Dalio appears to have got the market's short-term direction right, with most major indices surging in today's session. That said, let's dive into some of the other moves Bridgewater has made and what these bets on meme stocks mean for investors.


Ray Dalio's Bridgewater Buys GME Shares and More

Interestingly, these popular retail favorites weren't the only ones Ray Dalio bought in the last quarter. The hedge fund shed its position in Tesla (NASDAQ: TSLA) and added exposure to Airbnb (NASDAQ: ABNB) and Berkshire Hathaway (NYSE: BRK-A, NYSE: BRK-B).

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Value-Oriented Choice In this Battered Market

The market seems to be trying to make sense of these moves today. On the one hand, the risky bets for AMC and GameStop contrast with the hedge fund's sale of fast-growing electric vehicle (EV) maker Tesla. Additionally, the acquisition of Berkshire Hathaway shares may signal that the hedge fund is trying to diversify defensively right now. And perhaps Airbnb's addition reflects a value-oriented choice in this battered market.


Hedge funds pick stocks and pick different stocks for different reasons. Mr. Dalio clearly sees something the market doesn't in many of these stocks. Indeed, there are many investors who may disagree with Bridgewater's recent moves over the past quarter.


I guess time will tell if Bridgewater made the right moves or not. Dalio and his team clearly know what they are doing and seem to be operating with a different mindset than the overall market right now. Maybe this procedure will yield better returns in the close term. We'll see.

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