Ray Dalio's Bridgewater fund dumped GameStop and AMC last quarter - while Jim Simons' RenTech bet on Tesla and Bed Bath & Beyond
in Musk's automaker in 2013, and owned the equivalent of 59 million shares in 2019 — a position worth about $10 billion today.
BBBY's stock price surged to over $35 at the height of the meme-stock boom in January 2021. But it plunged below $1 by February of this year, as the homeware retailer's problems mounted. The company filed for bankruptcy in April, and its stock was delisted earlier this month. Bridgewater's biggest single-stock positions at the end of March included Procter & Gamble , Johnson & Johnson , and more than $500 million worth of both Coca-Cola and PepsiCo shares. Its US stock portfolio was valued at $16.4 billion in total, down from $18.3 billion three months earlier.
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Nova Scotia town plagued by 15-minute city misinformationFacebook posts slam the Canadian town of Bridgewater for its participation in a federal grant program, claiming it aims to impose 15-minute city plans and give the local government the ability to track and restrict movement. This is false; officials of the Nova Scotia town say the project focuses on home energy efficiency upgrades and developing public transit, and does not call for lockdowns or limiting residents to certain areas.
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