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BRIDGEWATER IS SHORTING THE DAX - MASSIVELY

TVC:DEU30   DAX Index
According to new financial markets regulation since the 2008 financial crisis shortsellers are forced to announce end of the day any larger net short position in German Stocks.

Please type in "BRIDGEWATER" here: Enter a search term
(position holder, issuer name, or ISIN):
https://www.bundesanzeiger.de/ebanzwww/wexsservlet?global_data.language=en&session.sessionid=e00c9a0079647c0e72d61d1b6a8c039a&page.navid=gotolastpage

Bridgewater is the largest Hedgefonds in the World: https://en.wikipedia.org/wiki/List_of_hedge_funds


All net DAX             short positions, build in the past trading days by Bridgewater:

Deutsche Telekom AG: 0,50 %
SAP SE: 0,60 %
DEUTSCHE BANK AKTIENGESELLSCHAFT: 0,63 %
Deutsche Post AG: 0,54 %
Fresenius SE & Co. KGaA: 0,51 %
Siemens             Aktiengesellschaft: 0,70%
Allianz SE: 0,71 %
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: 0,70 %
adidas AG: 0,61 %
BASF             SE: 0,70 %
Bayer Aktiengesellschaft: 0,70 %
E.ON             SE: 0,70 %
Daimler AG: 0,60 %

How large this positons are is more clear if traders check the "day to cover ratio": https://www.investopedia.com/terms/d/daystocover.asp

What is 'Days To Cover':

Days to cover is a measurement of a company's issued shares that are currently shorted, expressed as the number of days required to close out all of the short positions and calculated by taking the number of shares that are currently shorted and dividing that amount by the average daily volume for the shares in question. For example, if a company has average daily volume of 1 million shares and 2 million shares are currently short sold, the shares have a cover rate of 2 days (2M/1M).


BRIDGEWATER vs. DAX: DAY TO COVER RATIO ON DAX             HEAVY WEIGHTED STOCKS (average 30 days) :

Deutsche Telekom AG: 1,93 Days to cover
SAP SE: 2,05 Days to cover
DEUTSCHE BANK AKTIENGESELLSCHAFT: 2,07 Days to cover
Deutsche Post AG: 3,6 (!) Days to cover
Fresenius: SE & Co. KGaA: 2,06 Days to cover
Siemens: 2,01 Days to cover
Allianz SE: 1,9 Days to cover
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: 2,07 Days to cover
adidas AG: 1,49 Days to cover
BASF             SE: 2,75 Days to cover
Bayer Aktiengesellschaft: 2,34 Days to cover
E.ON             SE: 1,18 Days to cover
Daimler AG: 1,11 Days to cover

To compare this to other net short positons: TESLA             is shorted by 18 % of all stocks - but the day to cover ratio of this huge positons is actually just in a ragen between 2 to maximum 6 tradingdays (!). http://www.nasdaq.com/symbol/tsla/short-interest

If ever BRIDGEWATER is wrong about this idea to short the DAX             than Europes Bellwether will raise dramatically. BRIDGEWATER is not only shorting the DAX             . BRIDGEWATER is shorting also Italien Banks by 3 Billion Euro             . BRIDGEWATER is the largest hedgefonds in the world. "Bridgewater manages about $150 billion in global investments for approximately 350 of the largest and most sophisticated institutional clients." Source: https://www.bridgewater.com/

If BRIDGEWATER is shorting the DAX             and same time "the largest and most sophisticated institutional clients" having long positions in the DAX             there are just two options:

a): BRIDGEWATER is bedding against own clients
b): Clients following Bridgewater and this could be close to manipulating the market.


Bridgewater opens its strategy to the public according to Italy             on Boomberg TV: Published on February 1th 15.03 MEZ             https://www.bloomberg.com/news/articles/2018-02-01/bridgewater-triples-wagers-against-italian-firms-to-3-billion

But just a few hours ago bloomberg published this stunning interview on February 1th 05.00 MEZ: https://www.bloomberg.com/news/articles/2018-02-01/five-star-leader-vows-to-help-italian-banks-grab-creditor-assets

The Italian Populist Movement 5MS (https://en.wikipedia.org/wiki/Five_Star_Movement) dropped since January 2018 a major anti EU idea of a EURO             Referendum. Also the 5MS vowed "to be open for a coalition to avoid any chaos in italy"
Comment: The link above to verify Bridgewaters Shortposition is not working:

Please google: "Bundesanzeiger Shortpositionen"

Than click on the UK Flag to change to English Language.

Than type in: BRIDGEWATER

Please type in "BRIDGEWATER" here: Enter a search term
(position holder, issuer name, or ISIN):

You will see all open shortpositions from BRIDGEWATER. They need to update this every trading day by German Law without any ecception. If shortpositions are reduced or closed Bridgewater needs to follow up on a daily basis.
Trade active: LATEST DEVELOPMENTS:

Germany`s largest financial newspaper mentioning short positions from Bridgewater against Deutsche Bank - to promote his own premium feature - and talking about this like the daily weather report.

So what we see now is at latest coverage in another different major online news media, but always discussing a single DAX event only:

http://www.handelsblatt.com/finanzen/anlagestrategie/trends/tool-der-woche-leerverkaeufe-wie-spekulanten-mit-sinkenden-kursen-kasse-machen/20915784.html


Same "smart" are all German major Financial Markets news sources:


http://www.finanznachrichten.de/nachrichten-2018-01/42888021-daimler-aktie-short-attacke-von-leerverkaeufer-bridgewater-associates-geht-weiter-358.htm
http://www.finanznachrichten.de/nachrichten-2018-01/42871705-munich-re-aktie-weltgroesster-hedgefonds-bridgewater-associates-startet-short-attacke-358.htm
http://www.aktiencheck.de/exklusiv/Artikel-BASF_Aktie_Short_Attacke_von_Leerverkaeufer_Bridgewater_Associates_geht_weiter_Aktiennews-8375216
http://www.aktiencheck.de/exklusiv/Artikel-Deutsche_Post_Aktie_Leerverkaeufer_Bridgewater_Associates_startet_Short_Attacke_Aktiennews-8374899

This is from End of Oktober:

http://www.handelsblatt.com/finanzen/anlagestrategie/fonds-etf/bridgewater-ray-dalio-wettet-gegen-italien/20484874.html
https://www.cnbc.com/2017/10/13/italian-bank-ceo-to-ray-dalio-you-will-lose-your-multi-million-bet.html

If you read one by one it is not so difficult to understand what BRIDGEWATER is doing in Europe. But until now nobody is bringing this story together. And no one is asking: Does it make sense to short massively a stockmarket in a Bull Market? This latest news sound like it is a fact, given by god, that someone is shorting something. But the Italy shorts are unlikely to be a success - means the largest hedgefonds in the world might loose (a lot?) of money there. And no one is asking about:

How are the Risks for BRIDGEWATER, if the Italian Election might be a success?

- The 5SM could build a coalition with the PD.
- Germany`s coalition talks likely to be a bigger success than anyone anticipated.
- The BREXIT could cause that Theresa May is forced to resign.

There are a lot of political surprises out there, wich could be dramatically positiv for the DAX. So how is the risk, if someone is shorting the DAX by a Day to Cover Rate of 2 full trading days (based on average volume past 30 trading days, source Bloomberg.com)? And finally:

https://www.express.co.uk/news/world/911641/Berlusconi-Italy-election-2018-doctor-Berlusconi-s-health-Forza-Italia-Lega-Nord

I do not want to speculate about if and when. But fact is that if Berlusconis Health Problems might cause his death surprisingly than the election in Italy will end different from what Bridgewater is bedding against now.

Much different, folks.
Trade active: BRIDGEWATER Risk/Reward Ratio:

Luigi Di Maio, leader of Italy’s anti-establishment Five Star Movement, wants to make it easier for the country’s ailing banks to recover assets, allowing them to maximize their returns. Italian banks have more than 270 billion euros ($336 billion) of non-performing loans.

Bridgewater has seen mixed results from its bets. Thirteen of its 20 shorts have lost money, with the shares rising over the last three months. Short sellers sell borrowed shares and buy them back at a lower price, pocketing the difference as profit.

Bridgewater is increasing its short bets on Italian equities despite the nation’s benchmark FTSE MIB index being the best performer among the largest European countries since the beginning of 2018. The FTSE Italia All-Share Banks Index has gained 13 percent this year.

The country’s banking system is stabilizing, while economic growth has been better than expected. Still, Italian lenders are weighed down by non-performing loans and European authorities are pressuring them to sell off the soured debt.
https://www.bloomberg.com/news/articles/2018-02-01/bridgewater-triples-wagers-against-italian-firms-to-3-billion
Trade active: BRIDGEWATER Risk/Reward Ratio: DAX Kursindex (DAX without re invested Dividend payouts:



The chart is showing clearly that the German Stockmarket (DAX 30, "Kursindex", google the definition please) now is below the 2000 and 2015 highs even all fundamental indicators showing the highest growth rates since 17 years - in Europe and globaly. To short a whole stockmarket Index (more ore less) in valid Bull Market is quite unusual. BRIDGEWATER needs to have very high expectations that the DAX will drop deeper right now. If this high expectations are not fullfiled than BRIDGEWATER needs to buy back all shorted DAX stock same time the DAX is rising to new All Time High.
Trade active: Be prepared: Lessons from the past telling us that largest daily gains are ahead of us and not behind: Please click on the chart to load facts & figures.


Comment: Update Bridgewater: Read and make up your own mind. Please click on the chart to load facts & figures.

Trade active: This is Germany^s largest financial Newspaper.
Headliner:
http://www.handelsblatt.com/my/finanzen/anlagestrategie/trends/bridgewater-wie-der-weltgroesste-hedgefonds-auf-den-dax-absturz-wettet/20932048.html
This artikel is free for reading if you sing up for test reading.
This Artikel is based on the facts collected and published here on Trading View, forwarded to the news team of The Handelsblatt.com
Comment: Handelsblatt.com is the largest financial newspaper and following this story based on the research here published on Tradingview.com one to one. This story is published on the global version last night.

https://global.handelsblatt.com/finance/us-hedge-fund-bets-german-blue-chips-884306
Trade active: Handelsblatt com published this story, based on this post here, now third time:

BRIDGEWATER GEGEN DEN DAX
Weltgrößter Hedgefonds wettet auf weiteren Dax-Crash
Fünf Milliarden Euro hat Bridgewater in fallende Dax-Kurse investiert. Doch anstatt Gewinne einzustreichen, legt der Hedgefonds noch einmal deutlich nach.

http://www.handelsblatt.com/finanzen/anlagestrategie/fonds-etf/bridgewater-gegen-den-dax-weltgroesster-hedgefonds-wettet-auf-weiteren-dax-crash/20941634.html
Trade active: BRIDGEWATER increased net short positions on the DAX from 5 Billion now to 7-8 Billion Euro. This is a HUGE short term risk for both sides - long or short.
Comment: BRIDGEWATER IS ATTACKING NETHERLANDS AND FRANCE AS WELL:
https://twitter.com/srussolillo/status/961876996618792966
Trade active: Bridgewater: Total Volume short Europe now at least 18,57 bn.

6,3 Mrd. Euro: Germany
3,0 Mrd. Euro: Italien
1,2 Mrd. Euro: IBEX35 Werte
1,4 Mrd. Euro: AEX: ING/ASML/Philips/Unilever
1,1 Mrd. Euro: TOTAL SA
0,7 Mrd. Euro: Sanofi
0,6 Mrd. Euro: BNP
0,3 Mrd. Euro: Airbus
0,5 Mrd. Euro: AXA
------------------
15,1 Mrd. Euro or 18.57 Bn Dollar.

Source NL shorts: https://www.iex.nl/Column/275064/Er-zit-een-dikke-shorter-in-de-AEX.aspx,3
Source IBEX 35 shorts: https://www.elconfidencial.com/mercados/2018-02-06/ray-dalio-1200millones-bajistas-santander-bbva-ibex_1517520/
Source: Italien https://www.bloomberg.com/news/articles/2018-02-01/bridgewater-triples-wagers-against-italian-firms-to-3-billion
Source quadruples shorts: https://www.bloomberg.com/news/articles/2018-02-09/ray-dalio-bridgewater-quadruples-shorts-on-european-union-stocks
Source other shorts, Airbus: https://twitter.com/srussolillo/status/961876996618792966
Trade active: BRIDGEWATER NOW PESSIMISTIC ABOUT STOCKMARKETS:
FT front page - Bridgewater “We'll probably have a much bigger shakeout coming"
http://www.forexlive.com/news/!/ft-front-page-on-equity-sell-off-bridgewater-investment-chief-sees-new-era-of-volatility-201802
Trade active: BRIDGEWATER‘s net short position is 22 bn US Dollar not 20 as calculated: https://mobil.n-tv.de/wirtschaft/Hedgefonds-setzt-Milliarden-auf-Kursrutsch-article20286918.html
Trade active: Latest news & developments: Please click on the chart to load new facts & figures. Please try to use translator. This source is available in German language only.

Trade active: update: Follow the history of headlines - it´s self explaining. The headlines are showing, how long even Zerohedge needs to understand, what´s going on and how huge the short is (fo a single hedgefonds - and for European Stockmarkets). There are also now traders starting to buy what Dalio sold. And they are right in stocks like Airbus wich made a new all time high on Friday, January 16th.


"Fading Ray" - Why One Trader Is Buying What Bridgewater's Selling
https://www.zerohedge.com/news/2018-02-14/httpswwwthemacrotouristcomposts20180214bridgewater


Is Bridgewater Betting On Stock Market Disaster?
https://www.zerohedge.com/news/2018-02-14/bridgewater-betting-stock-market-disaster

Bridgewater's European Short Grows To A Massive $22 Billion: Here Are The Targeted Companies
https://www.zerohedge.com/news/2018-02-14/bridgewaters-european-short-grows-massive-22-billion-here-are-targeted-companies

Dalio's $13 Billion Short: Bridgewater Unveils Its Biggest Ever Short Position
https://www.zerohedge.com/news/2018-02-09/dalios-13-billion-short-bridgewater-unveils-its-biggest-ever-short-position

Bridgewater Unveils Its Biggest Short In Years
https://www.zerohedge.com/news/2018-02-01/bridgewater-unveils-its-biggest-short-years

Bridgewater Goes From Mocking Cash Holders To Warning A "Bigger Shakeout Is Coming" https://www.zerohedge.com/news/2018-02-11/bridgewater-goes-mocking-cash-holders-warning-bigger-shakeout-coming

Is Bridgewater A Fraud? Here Are The Troubling Questions Posed By Jim Grant
https://www.zerohedge.com/news/2017-10-11/bridgewater-fraud-here-are-troubling-questions-posed-jim-grant
Trade active: Ray Dalios biggest mistake, probably ever:

Italian election’s biggest winner is Europe
https://www.politico.eu/article/italy-election-2018-biggest-winner-is-europe/

vs.

Bridgewater Triples Bets Against Italian Firms to $3 Billion
Hedge fund firm raises bet against Intesa, shorts Atlantia
Bridgewater raises short positions ahead of national elections
https://www.bloomberg.com/news/articles/2018-02-01/bridgewater-triples-wagers-against-italian-firms-to-3-billion
Trade active: Latest update on Bridgewater:

It's Dalio Versus Everyone Else as Money Flows to Europe

I’m surprised. That’s a big bet. Dalio and his team are very confident,” said Rick Herman, managing director of asset allocation who helps oversee about $30 billion at BB&T Institutional Investment Advisors Inc. “That’s definitely out of consensus. European stocks are cheaper, and they also have stronger earnings growth.”
https://www.bloombergquint.com/markets/2018/02/26/it-s-dalio-versus-everyone-else-as-money-flows-to-europe-stocks
Trade active: Just to compare: US-Investors sold assets for 41 Bn USD in a full month. BRIDGEWATER sold stocks for at least 22 Bn USD just within a few days only. Same time Europe’s Stockmarket is much smaller than the US Stockmarket.

„Investors staged a near-record exodus from US stocks in February

Funds that focus on U.S. stocks saw investors withdraw $41.1 billion in February, according to market data firm TrimTabs.
The total was the third-largest ever and came during a month when the Dow industrials lost about 4 %“ https://www.cnbc.com/2018/03/06/investors-staged-a-near-record-exodus-from-us-stocks-in-february.html
Trade active: Latest Sentiment Survey: Please Click on the chart to load facts @ figures.

Trade active: High-performance U.S. tech stocks drive Nasdaq to record high
https://www.investing.com/news/stock-market-news/highperformance-us-tech-stocks-drive-nasdaq-to-record-high-1334870

Related Ideas

Thanks for a professional write up!
Reply
@saveid, latest update:
Reply
@saveid, pleasure. You‘re welcome.
Reply
The craziness is still going on. It seems a single Big Player really CAN move the Marktes if it really wants to. Even if classical literature tells us the opposite. I am very interested in where this is going and what side effects we will see from this action...
Reply
Nice info,
Here was my view of last wednesday
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These are very detailed and well researched informations, thank you for your effort @SwissView . Next week will tell us more about Bridgewaters bets. Keep it up!
Reply
SwissView Evan_Moe_Money
@Evan_Moe_Money, the Handelsblatt covered this story posted here now third time on Page 1:

BRIDGEWATER GEGEN DEN DAX
Weltgrößter Hedgefonds wettet auf weiteren Dax-Crash
Fünf Milliarden Euro hat Bridgewater in fallende Dax-Kurse investiert. Doch anstatt Gewinne einzustreichen, legt der Hedgefonds noch einmal deutlich nach.

http://www.handelsblatt.com/finanzen/anlagestrategie/fonds-etf/bridgewater-gegen-den-dax-weltgroesster-hedgefonds-wettet-auf-weiteren-dax-crash/20941634.html
Reply
Interesting information. They might close their short positions so be careful.
Reply
SwissView Klemantina
@Klemantina, i agree. But i am wondering more about the losses wich might had occur on this Italian shortpositons. It´s hard to believe that they made any money on the Italien short. Also: The DAX was on an fresh all time high just a few DAYs ago. Hard to believe that they made any profit before. Now get the point: If BRIDGEWATER is loosing money on this beds against the DAX and Italy than theire Clients are loosing Billions as well. The question is: Are BRIDGEWATER CLIENTS maybe playing together with Bridgewater the DAX down to minimize any losses and same time playing against theire own clients? Or is Bridgewater bedding agains theire own 340 Clients? This are the question what i really would like to have an answer for. Bridgewater ist the largest hedgefonds in the world. Just goolge how many Hedgefonds had been forced to close past 3-4 Years. If the DAX would rise now further instead of falling - how huge BRIDGEWATERS losses might be - in case what i feel might be right?
Reply
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