Ray Dalio’s Latest Q4 Moves Include Gold, Chubb and Chips – Freeport McMoRan Copper & Gold (FCX), Intel Corporation (INTC)

Chipmakers

The final noticeable trend in Dalio and Bridgewater’s fourth quarter 13F filing was a focus on chipmakers. The hedge fund undertook a new $15 million position in Intel Corporation (NASDAQ:INTC), while significantly upping its stakes in Broadcom Corporation (NASDAQ:BRCM), Qualcomm, Inc. (NASDAQ:QCOM) and Nvidia Corporation (NASDAQ:NVDA) by an average of 732.5%. Each of these tech companies have gained at least 5% over the past three months (through Valentine’s Day), and Wall Street’s average price target on this quartet represents an upside of nearly 16% from current levels.

It’s also worth mentioning that Intel, Broadcom, Qualcomm and Nvidia each have their fingers in different facets of the budding smart TV industry, and Dalio was curiously increasing his stake in Corning Incorporated (NYSE:GLW) last quarter. Corning is the famed manufacturer of Gorilla, Lotus and Willow Glass, and sitting here in the middle of February, it has seen its stock price rise by more than 17% since mid-November lows.

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