Bridgeway Capital Management Q3 2026 Investment Activity: Heavy Focus on Tech Giants, Notable Shifts in Consumer Stocks

According to the filing dated June 30, 2026, Bridgeway Capital Management maintains a substantial portfolio allocation towards Technology stocks. The largest position is in NVIDIA Corporation (NVDA), representing nearly 1% of the total portfolio value.

Within the Technology sector, Bridgeway holds significant stakes in several prominent companies:

• NVIDIA Corporation (NVDA): This position remains a major component of the portfolio.
• Apple Inc. (AAPL): Also constitutes over 0.8% allocation, showing continued confidence in this tech giant.
• Advanced Micro Devices Inc. (AMD): The position here increased slightly by about 1%. This is a notable change given the company's significant allocation of nearly 0.8% to the portfolio.
• Microsoft Corporation (MSFT): The stake in Microsoft also saw an increase, rising by approximately 1%. This positions it at over a 0.6% allocation within Bridgeway's portfolio.
• Cisco Systems Inc. (CSCO): The investment in Cisco Systems increased by about 1%, adding to its existing allocation of around 0.6%.

Bridgeway Capital Management also demonstrated significant buying activity during the third quarter:

• PAGSEGURO Digital Ltd. (G68707101): The firm acquired a substantial position, increasing its allocation from 0% to over 2%. This represents one of the largest additions in terms of percentage change during this period.
• American Eagle Outfitters Inc. (AEO): Bridgeway added significantly to its stake, boosting it from an unknown level to over 0.3%. This was accompanied by a massive increase in shares.
• DXC Technology Co.: The investment saw a large jump, increasing from 0% to over 0.1%.

In contrast, Bridgeway Capital Management also made notable sales during the quarter:

• Victoria's Secret & Co. (VSCO): The position was significantly reduced by about 24%, dropping its allocation from nearly 0.7% to just under 0.7%.
• TRONOX Holdings PLC (G9087Q102): This position was completely liquidated, exiting entirely from the portfolio.
• PAGAYA Technologies Ltd. (PGY): Bridgeway sold all its shares in this company during the quarter.

The portfolio also includes positions in Financial Services, specifically JPMorgan Chase & Co. (JPM), which holds an allocation of around 0.7%. This position saw a modest increase.

Overall, Bridgeway's Q3 filing highlights a continued focus on major Technology players like NVIDIA and Microsoft, while also showing significant buying in other areas such as consumer retail stocks (American Eagle Outfitters) and financial services. The firm simultaneously shed positions in certain sectors, including exiting some of its smaller holdings.