News report 📈 Stocks 🌍 GLOBAL

Bridgewater Associates Adds $114M in ServiceNow and Nutanix Stakes

Bridgewater Associates expands its portfolio with $114 million in new ServiceNow and Nutanix holdings, betting on cloud infrastructure growth and VMware displacement trends.

📅 September 16, 2026 🕐 1 min read

2 assets impacted. Net bias: 2 Bullish, 0 Bearish, 0 Neutral. Strongest signal: NOW ↑ 6/10 (60% confidence).

📊 Affected Assets (2)

NOW

Bullish 🤖 60%

📅 Short-term 🌍 US · Explicit

Bridgewater Associates opened a new position of 635,000 shares worth $63 million in Q2.

NTNX

Bullish 🤖 60%

📅 Short-term 🌍 US · Explicit

Bridgewater bought 999,000 shares worth $51 million, betting on Nutanix's growth from VMware displacement and storage support.

🎯 Key Takeaways

Bridgewater Associates initiated a $63 million position in ServiceNow during Q2.
The fund added a $51 million stake in Nutanix, citing growth from VMware displacement.
Nutanix management identifies external storage support as a primary growth driver for fiscal 2027.
Nutanix faces operational headwinds from persistent server shortages and a premium valuation relative to the tech sector.

📝 Executive Summary

Ray Dalio’s Bridgewater Associates disclosed new positions in ServiceNow and Nutanix in its Q2 13F filing. The fund acquired 635,000 shares of ServiceNow valued at $63 million and 999,000 shares of Nutanix worth $51 million, signaling a strategic pivot toward enterprise software and cloud infrastructure plays.

❓ FAQ

Why is Bridgewater Associates betting on Nutanix?

Bridgewater is capitalizing on Nutanix's ability to capture market share from VMware following Broadcom's acquisition, alongside the company's new support for third-party storage systems.

What are the primary risks facing Nutanix?

Nutanix faces slowing revenue growth, persistent server shortages that delay customer projects, and a valuation that trades at a premium compared to the broader technology sector.

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