Bridgewater dumps bank stocks amid turmoil in first quarter -filings

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Bridgewater Associates, one of the world's largest hedge funds, sold off U.S. bank stocks in the first quarter as the industry was roiled by the collapse of three lenders, according to regulatory filings.

The positions were revealed in quarterly securities filings known as 13-fs. While backward looking, these snapshots show what funds owned on the last day of the quarter and are one of the few ways that hedge funds and other institutional investors have to declare their positions.

They may not reflect current holdings.to U.S. banking stocks to a near 10-year low in March and fled lending-sensitive shares amid turmoil in the industry following the collapse of Silicon Valley Bank and Signature Bank.The firm also slashed its positions in smaller banks such as Bank of Hawaii Corp

 

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