Bridgewater Associates, founded by Ray Dalio, drastically reduced its position in Micron Technology (MU) during the second quarter of 2026, selling over 1.3 million shares and cutting its holding by 92%. The firm's stake dropped from 1.48 million shares to just under 117,000. This trade is disclosed in a mandatory quarterly 13F filing with the SEC, which is released with a delay and reflects trades made between April 1 and June 30, 2026.
The move comes after Micron's stock experienced a significant rally year-to-date. During the same period, Bridgewater also trimmed positions in other major technology companies while increasing its investment in broad market S&P 500 ETFs. While Bridgewater has not publicly commented on the specific reasons, the reduction follows a period where the firm had been increasing its exposure to the semiconductor industry.