Bridgwater Associates, the hedge fund firm founded by Ray Dalio, almost tripled the size of its bets on both GameStop and AMC during the final quarter of 2022, according to a report by Business Insider India.

The report cites the latest 13F regulatory filings as showing that Bridgewater almost tripled its holding in GameStop to 39,000 shares, although a 28% fall in the video-game retailer's stock over the period meant the value of the stake only doubled to $712,000.

The firm also nearly tripled the size of its AMC stake to around 64,000 shares, increasing the value of the wager by 74% to $261,000.