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Bridgewater founder Ray Dalio gestures in front of a gray background.
Bridgewater Associates founder Ray Dalio.

Brendan McDermid/File Photo/Reuters

  • Bridgewater Associates, founded by Ray Dalio, bet on meme stocks GameStop and AMC last quarter.
  • The hedge fund nearly tripled its stakes in the video-game retailer and the movie-theater chain.
  • Meanwhile, Bill Miller's fund sold all of its remaining shares in Bed, Bath & Beyond.

Meme stocks have divided markets, with some investors dismissing them as silly and certain losers, and others embracing them as undervalued businesses with large, passionate fanbases.

Tags
Markets, MI Exclusive, Stocks, Ray Dalio, Bridgewater Associates, Hedge Funds, Bill Miller, miller value partners, Billionaires, stock portfolio, Meme stocks, GameStop, AMC Entertainment, Bed Bath & Beyond
Source
Ray Dalio's hedge fund nearly tripled its GameStop and AMC bets last quarter, w…