Bridgewater Associates Portfolio holdings
Bridgewater Associates, founded in 1975 by Ray Dalio in New York and now headquartered in Westport, Connecticut, is the world’s largest hedge fund, managing over $125 billion in assets as of late 2024, serving institutional clients like pension funds, endowments, and sovereign wealth funds. Known for its pioneering "Pure Alpha" and "All Weather" strategies, the firm uses a systematic, macroeconomic approach to deliver uncorrelated returns and risk parity across global markets, including equities, bonds, currencies, and commodities, guided by rigorous data analysis and radical transparency. Dalio, who stepped down as co-CIO in 2022, built a unique culture of "radical truth" and "thoughtful disagreement," documented in his book *Principles*, though the firm transitioned leadership to co-CEOs Nir Bar Dea and Mark Bertolini in 2023 amid succession planning. With around 1,300 employees and a history of navigating crises like 2008 with gains, Bridgewater remains a titan in alternative investments, blending intellectual rigor with a distinctive, often polarizing management philosophy.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$146M |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$95.4M |
| 3 |
HP
HPQ
|
+$20.2M |
| 4 |
IBM
IBM
|
+$17.3M |
| 5 |
Ralph Lauren
RL
|
+$14.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$285M |
| 2 |
F5
FFIV
|
+$22.3M |
| 3 |
ANDV
Andeavor
ANDV
|
+$20.1M |
| 4 |
Franklin Resources
BEN
|
+$18.3M |
| 5 |
Cognizant
CTSH
|
+$17.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.18% |
| 2 | Energy | 1.76% |
| 3 | Healthcare | 1.18% |
| 4 | Consumer Discretionary | 1.12% |
| 5 | Materials | 0.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Host Hotels & Resorts
HST
$17.4B
| $746K | 0.01% |
42,218
-10,000
| -19% | -$177K |
|
227
Truist Financial
TFC
$64.7B
| $746K | 0.01% |
22,100
+13,200
| +148% | +$461K |
|
228
Harmony Gold Mining
HMY
$9.7B
| $745K | 0.01% |
220,500
-13,300
| -6% | -$49.5K |
|
229
Jack in the Box
JACK
$308M
| $742K | 0.01% |
+18,560
| New | +$748K |
|
|
PMCS
230
DELISTED
P M C SIERRA INC
PMCS
| $741K | 0.01% |
+111,958
| New | +$733K |
|
231
Lamar Advertising Co
LAMR
$16.5B
| $738K | 0.01% |
+15,698
| New | +$692K |
|
232
Helmerich & Payne
HP
$3.31B
| $737K | 0.01% |
+10,684
| New | +$705K |
|
|
CIT
233
DELISTED
CIT Group Inc.
CIT
| $736K | 0.01% |
15,100
+8,100
| +116% | +$398K |
|
234
Universal Health Services
UHS
$10.1B
| $735K | 0.01% |
+9,800
| New | +$684K |
|
|
CVC
235
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $734K | 0.01% |
+43,587
| New | +$799K |
|
236
Enovis
ENOV
$1.7B
| $726K | 0.01% |
+7,470
| New | +$689K |
|
237
Copart
CPRT
$28.4B
| $715K | 0.01% |
+180,000
| New | +$733K |
|
238
NCR Voyix
VYX
$1.19B
| $710K | 0.01% |
+29,216
| New | +$653K |
|
239
Willis Towers Watson
WTW
$29.9B
| $706K | 0.01% |
+6,153
| New | +$695K |
|
|
GGP
240
DELISTED
GGP Inc.
GGP
| $706K | 0.01% |
+36,600
| New | +$737K |
|
241
Ulta Beauty
ULTA
$21.6B
| $705K | 0.01% |
+5,900
| New | +$612K |
|
242
CACI
CACI
$11.3B
| $699K | 0.01% |
+10,111
| New | +$675K |
|
243
Advance Auto Parts
AAP
$3.54B
| $686K | 0.01% |
+8,300
| New | +$679K |
|
|
BGC
244
DELISTED
General Cable Corporation
BGC
| $685K | 0.01% |
+21,572
| New | +$677K |
|
|
BEAM
245
DELISTED
BEAM INC COM STK (DE)
BEAM
| $685K | 0.01% |
+10,600
| New | +$680K |
|
246
Tenet Healthcare
THC
$22.6B
| $679K | 0.01% |
+16,473
| New | +$689K |
|
247
Travel + Leisure Co
TNL
$4.81B
| $677K | 0.01% |
+24,587
| New | +$673K |
|
248
Chubb
CB
$141B
| $672K | 0.01% |
7,185
-100
| -1% | -$9.14K |
|
|
LPNT
249
DELISTED
LifePoint Health, Inc.
LPNT
| $672K | 0.01% |
+14,401
| New | +$689K |
|
250
Intercontinental Exchange
ICE
$86.4B
| $671K | 0.01% |
+18,500
| New | +$670K |
|
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Bridgewater Associates's Q3 2013 Portfolio in Review
As of Q3 2013, Bridgewater Associates held 443 positions worth $11.9B, up 3.9% from $11.4B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Bridgewater Associates's Q3 2013 filing shows 120 new, 86 increased, 103 reduced and 132 closed positions. Its largest new stake was HP: 1,832,945 shares worth $17.5M. The largest sale was iShares MSCI Emerging Markets ETF, an estimated $285M.
By sector, the portfolio is most concentrated in Technology at 2.2% of assets, down from 2.5% a quarter earlier, followed by Energy and Healthcare.
- Bridgewater Associates's largest Q3 2013 buy was HP: 1,832,945 shares worth $17.5M.
- Bridgewater Associates added most to State Street SPDR S&P 500 ETF Trust in Q3 2013, an estimated $146M increase.
- Bridgewater Associates's biggest Q3 2013 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $285M.
- Bridgewater Associates fully exited Andeavor in Q3 2013, selling an estimated $20.1M.
- Bridgewater Associates's ten largest holdings make up 91% of its $11.9B portfolio in Q3 2013.
- Bridgewater Associates opened 120 new positions and closed 132 in Q3 2013.
- Bridgewater Associates's portfolio value rose 3.9% quarter-over-quarter to $11.9B.
Based on Bridgewater Associates's 13F filing for Q3 2013, filed 13 Nov 2013.