Bridgewater Associates’ Technology Investments: NVLS, MSFT, AMAT, NTAP, CSC, JBL

As the Dow Jones Industrial Average closed up 272 points, the S&P closed at 1,162 and the Nasdaq closed at 2,516, Wall St. Watchdog reveals information about the Bridgewater Associates’ top investments in the Technology sector.

  • Novellus Systems, Inc. (NASDAQ:NVLS): On 3/31/11 Bridgewater Associates reported holding 660,254 shares with a market value of $24,515,232. This comprised 0.41% of the total portfolio. On 6/30/11, Bridgewater Associates held 1,375,851 shares with a market value of $49,723,254. This comprised 0.70% of the total portfolio. The net change in shares for this position over the two quarters is 715,597. About the company: Novellus Systems, Inc. manufactures, markets, and services equipment used in the fabrication of integrated circuits, commonly called chips or semiconductors. The Company also develops, manufactures, sells and supports grinding, lapping and polishing equipment for a broad spectrum of industrial applications.
  • Microsoft Corporation (NASDAQ:MSFT): On 3/31/11 Bridgewater Associates reported holding 1,952,819 shares with a market value of $49,582,073. This comprised 0.83% of the total portfolio. On 6/30/11, Bridgewater Associates held 1,697,619 shares with a market value of $44,138,094. This comprised 0.62% of the total portfolio. The net change in shares for this position over the two quarters is -255,200. About the company: Microsoft Corporation develops, manufactures, licenses, sells, and supports software products. The Company offers operating system software, server application software, business and consumer applications software, software development tools, and Internet and intranet software. Microsoft also develops video game consoles and digital music entertainment devices.
  • Applied Materials, Inc. (NASDAQ:AMAT): On 3/31/11 Bridgewater Associates reported holding 2,110,526 shares with a market value of $32,966,416. This comprised 0.56% of the total portfolio. On 6/30/11, Bridgewater Associates held 3,270,526 shares with a market value of $42,549,544. This comprised 0.60% of the total portfolio. The net change in shares for this position over the two quarters is 1,160,000. About the company: Applied Materials, Inc. develops, manufactures, markets, and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. The Company’s customers include semiconductor wafer and integrated circuit manufacturers, flat panel liquid crystal displays, solar photovoltaic cells and modules and other electronic devices manufacturers.
  • NetApp, Inc. (NASDAQ:NTAP): On 3/31/11 Bridgewater Associates reported holding 288,443 shares with a market value of $13,888,531. This comprised 0.23% of the total portfolio. On 6/30/11, Bridgewater Associates held 739,544 shares with a market value of $39,033,131. This comprised 0.55% of the total portfolio. The net change in shares for this position over the two quarters is 451,101. About the company: NetApp, Inc. provides storage and data management solutions. The Company’s storage solutions include specialized hardware, software, and services that provide storage management for open network environments. NetApp serves enterprises, government agencies, and universities worldwide.
  • Computer Sciences Corporation (NYSE:CSC): On 3/31/11 Bridgewater Associates reported holding 538,407 shares with a market value of $26,236,573. This comprised 0.44% of the total portfolio. On 6/30/11, Bridgewater Associates held 1,000,865 shares with a market value of $37,992,834. This comprised 0.54% of the total portfolio. The net change in shares for this position over the two quarters is 462,458. About the company: Computer Sciences Corporation provides consulting and information technology services to industry and government. The Company provides consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting. Computer Sciences operates locations around the world.
  • Motorola Solutions, Inc. (NYSE:MSI): On 3/31/11 Bridgewater Associates reported holding 411,267 shares with a market value of $18,379,522. This comprised 0.31% of the total portfolio. On 6/30/11, Bridgewater Associates held 717,070 shares with a market value of $33,013,903. This comprised 0.47% of the total portfolio. The net change in shares for this position over the two quarters is 305,803. About the company: Motorola Solutions, Inc. manufactures two-way radios and accessories; mobile computers; wireless network infrastructure; private radio systems; bar code scanning and radio frequency identification equipment, and public safety broadband equipment.
  • Microchip Technology, Inc. (NASDAQ:MCHP): On 3/31/11 Bridgewater Associates reported holding 525,440 shares with a market value of $19,971,974. This comprised 0.34% of the total portfolio. On 6/30/11, Bridgewater Associates held 844,640 shares with a market value of $32,020,302. This comprised 0.45% of the total portfolio. The net change in shares for this position over the two quarters is 319,200. About the company: Microchip Technology Incorporated designs, manufactures, and markets microcontrollers, related mixed-signal and memory products, and application development systems for high-volume embedded control applications. The Company also designs, develops, and markets linear/mixed-signal, power management, and thermal management products.
  • Jabil Circuit, Inc. (NYSE:JBL): On 3/31/11 Bridgewater Associates reported holding 622,995 shares with a market value of $12,727,788. This comprised 0.21% of the total portfolio. On 6/30/11, Bridgewater Associates held 1,469,124 shares with a market value of $29,676,306. This comprised 0.42% of the total portfolio. The net change in shares for this position over the two quarters is 846,129. About the company: Jabil Circuit, Inc. is an electronic manufacturing services provider for international electronics companies in the communications, personal computer, peripheral, consumer, and automotive markets. The Company offers circuit design, board design from schematic, prototype assembly, volume board assembly, system assembly, repair, and warranty services.
  • Cypress Semiconductor Corporation (NASDAQ:CY): On 3/31/11 Bridgewater Associates reported holding 740,298 shares with a market value of $14,346,975. This comprised 0.24% of the total portfolio. On 6/30/11, Bridgewater Associates held 1,388,198 shares with a market value of $29,346,505. This comprised 0.41% of the total portfolio. The net change in shares for this position over the two quarters is 647,900. About the company: Cypress Semiconductor Corporation designs, develops, manufactures, and markets a line of digital and mixed-signal integrated circuits. The Company’s circuits are used in the data communications, telecommunications, computers, and instrumentation systems markets. Cypress’ products are marketed worldwide through a network of sales offices, distributors, and sales representative firm.
  • Cadence Design Systems, Inc. (NASDAQ:CDNS): On 3/31/11 Bridgewater Associates reported holding 1,332,195 shares with a market value of $12,988,901. This comprised 0.22% of the total portfolio. On 6/30/11, Bridgewater Associates held 2,365,905 shares with a market value of $24,983,958. This comprised 0.35% of the total portfolio. The net change in shares for this position over the two quarters is 1,033,710. About the company: Cadence Design Systems, Inc. provides software technology, design and consulting services and technology. The Company licenses its electronic design automation software technology and provides a variety of professional services. Cadence’s design realization solutions are used to design and develop complex chips and electronic systems, including semiconductors.

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

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