$122 Billion Fund Holds These Basic Materials Stocks

As the Dow Jones and S&P 500 Index feel the selling pressure into today’s close, a safe haven in basic materials stocks surfaces once again. Wall St. Watchdog reveals information about Bridgewater Associates’ top investments in the Basic Materials sector.

  • Freeport-McMoRan Copper & Gold, Inc. (NYSE:FCX): On 3/31/11 Bridgewater Associates reported holding 200,300 shares with a market value of $11,126,665. This comprised .19.00% of the total portfolio. On 6/30/11, Bridgewater Associates held 218,500 shares with a market value of $11,558,650. This comprised .16% of the total portfolio. The net change in shares for this position over the two quarters is 18,200. About the company: Freeport-McMoRan Copper & Gold, Inc. through its subsidiary, is a copper, gold and molybdenum mining company.  The Company primarily mines for copper and owns mining interests in Chile and Indonesia.  Freeport-McMoRan Copper & Gold also, through a subsidiary, is involved in smelting and refining of copper concentrates.
  • Eastman Chemical Co. (NYSE:EMN): On 3/31/11 Bridgewater Associates reported holding 174,116 shares with a market value of $17,293,201. This comprised .29% of the total portfolio. On 6/30/11, Bridgewater Associates held 323,142 shares with a market value of $32,983,104. This comprised .47% of the total portfolio. The net change in shares for this position over the two quarters is 149,026. About the company: Eastman Chemical Company is an international chemical company which produces chemicals, fibers, and plastics.  The Company’s operations include coatings, adhesives, specialty polymers, and inks, fibers, performance chemicals and intermediates, performance polymers, and specialty plastics.
  • The Dow Chemical Company (NYSE:DOW): On 3/31/11 Bridgewater Associates reported holding 309,195 shares with a market value of $11,672,111. This comprised .20% of the total portfolio. On 6/30/11, Bridgewater Associates held 915,395 shares with a market value of $32,954,220. This comprised .47% of the total portfolio. The net change in shares for this position over the two quarters is 606,200. About the company: The Dow Chemical Company is a diversified chemical company that provides chemical, plastic, and agricultural products and services to various essential consumer markets.  The Company serves customers in countries around the world in markets such as food, transportation, health and medicine, personal care, and construction.
  • Alcoa Inc. (NYSE:AA): On 3/31/11 Bridgewater Associates reported holding 989,600 shares with a market value of $17,476,336. This comprised .29% of the total portfolio. On 6/30/11, Bridgewater Associates held 1,820,800 shares with a market value of $28,877,887. This comprised .41% of the total portfolio. The net change in shares for this position over the two quarters is 831,200. About the company: Alcoa, Inc. produces primary aluminum, fabricated aluminum, and alumina, and participates in mining, refining, smelting, fabricating, and recycling.  The Company serves customers worldwide primarily in the transportation, packaging, building, and industrial markets with both fabricated and finished products.
  • Cliff’s Natural Resources, Inc. (NYSE:CLF): On 3/31/11 Bridgewater Associates reported holding 161,255 shares with a market value of $15,848,141. This comprised .27% of the total portfolio. On 6/30/11, Bridgewater Associates held 168,540 shares with a market value of $15,581,522. This comprised .22% of the total portfolio. The net change in shares for this position over the two quarters is 7,285. About the company: Cliffs Natural Resources, Inc. is a diversified mining and natural resources company.  The Company mines for iron ore and coal in locations across North America, South America, and Australia.
  • Carlisle Companies, Inc. (NYSE:CSL): On 3/31/11 Bridgewater Associates reported holding 236,947 shares with a market value of $10,555,989. This comprised .18% of the total portfolio. On 6/30/11, Bridgewater Associates held 244,103 shares with a market value of $12,017,191. This comprised .17% of the total portfolio. The net change in shares for this position over the two quarters is 7,156. About the company: Carlisle Companies Inc manufactures and distributes construction materials, transportation products, and general industry products.  The Company manufactures a variety of products for the roofing, real estate, construction, trucking, food-service, aircraft manufacturing, lawn and garden, and other industries.
  • Avery Dennison Corp. (NYSE:AVY): On 3/31/11 Bridgewater Associates reported holding 71,475 shares with a market value of $2,999,091. This comprised .05% of the total portfolio. On 6/30/11, Bridgewater Associates held 294,575 shares with a market value of $11,379,433. This comprised .16% of the total portfolio. The net change in shares for this position over the two quarters is 223,100. About the company: Avery Dennison Corporation develops, manufactures, and markets pressure-sensitive materials, office products and a variety of tickets, tags, labels and other converted products.  The Company also manufactures a variety of office products and other converted products, as well as binders, organizing systems, markers, fasteners, and business forms, and other products.
  • Parker Hannifin Corporation (NYSE:PH): On 3/31/11 Bridgewater Associates reported holding 157,508 shares with a market value of $14,912,857. This comprised .25% of the total portfolio. On 6/30/11, Bridgewater Associates held 385,008 shares with a market value of $34,550,617. This comprised .49% of the total portfolio. The net change in shares for this position over the two quarters is 227,500. About the company: Parker Hannifin Corporation manufactures motion control products, including fluid power systems, electromechnical controls, and related components.  The Company also produces fluid purification, fluid flow, process instrumentation, air conditioning, refrigeration, and electromagnetic shielding and thermal management products.

(Note: Data on Bridgewater Associates’ stock holdings are sourced from whalewisdom.com.  All data are assumed to be accurate.)

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