Bridgewater Associates, founded by Ray Dalio, established new positions in two non-AI stocks in Q2: Vulcan Materials and Hasbro.
Bridgewater Associates initiated new positions in building materials company Vulcan Materials Company (NYSE:VMC) and toy company Hasbro (NASDAQ:HAS) during the second quarter, according to its Q2 disclosure. Bridgewater acquired approximately 108,700 shares of VMC, valued at about $32.1 million, representing 0.13% of its portfolio. Its stake in Hasbro was valued at approximately $20.8 million. VMC is a major producer of construction aggregates in the United States, and its stock price has fallen about 14% year-to-date. Wells Fargo recently downgraded VMC to "Underweight," citing weak government spending, high interest rates, and soft housing demand.
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Source:Yahoo财经 · Source Link
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