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Bridgewater Associates registers significant short bets across Europe, says SEI Novus data

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Bridgewater Associates Inc held the greatest number of significant new short positions in the last week of June as a proportion of overall European short positions, according to the latest monthly pan-European short position data from SEI Novus.

The top 3 short positions were held in the following companies: ASML Holding NV – a Dutch multinational corporation specialising in the development and manufacturing of photolithography systems), accounting for 4.73% of total aggregated European short positions by size; SAP SE – a German multinational software corporation that develops enterprise software), accounting for 2.34%; and Siemens Aktiengesellschaft – a German multinational conglomerate corporation), accounting for 1.94%. 
Bridgewater Associates was also the manager with the greatest short exposure in June, accounting for 23.73% of registered short positions, followed by Marshall Wace LLP accounting for 16.77% and BlackRock Institutional Trust Company N A accounting for 8.19%.
Industrials stocks were the most shorted in June, ending the month accounting for 20.24% of total short activity in Europe, followed by consumer discretionary stocks accounting for 18.63% of registered European short positions. Industrials and consumer discretionary have consistently been the most shorted sectors so far in 2022. 
Europe’s most shorted stocks: The top five most shorted European stocks by size, as a proportion of all registered European short positions were: ASML Holding NV, 4.7%; C&C Group PLC, 2.4%; SAP SE, 2.3%; Adidas AG, 2.2%; and Siemens AG, 1.9%.
The top three countries with the greatest short exposures were the Germany with 28.88%, followed by the United Kingdom with 19.19% and the Netherlands with 11.68%.

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