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 |
Walmart Inc
WMT
|
+$228M |
| 2 |
Procter & Gamble
PG
|
+$208M |
| 3 |
Johnson & Johnson
JNJ
|
+$184M |
| 4 |
Coca-Cola
KO
|
+$140M |
| 5 |
PepsiCo
PEP
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$485M |
| 2 |
Mondelez International
MDLZ
|
+$107M |
| 3 |
General Mills
GIS
|
+$40.7M |
| 4 |
Archer Daniels Midland
ADM
|
+$40.5M |
| 5 |
WBA
Walgreens Boots Alliance
WBA
|
+$40.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 28.39% |
| 2 | Healthcare | 17.39% |
| 3 | Consumer Discretionary | 15% |
| 4 | Financials | 5.26% |
| 5 | Technology | 4.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
National Beverage
FIZZ
$3B
| $8.07M | 0.05% |
170,823
+81,867
| +92% | +$3.97M |
|
252
Encompass Health
EHC
$11B
| $8.05M | 0.05% |
129,653
+125,690
| +3,172% | +$8.38M |
|
253
PACCAR
PCAR
$70.4B
| $7.98M | 0.05% |
+134,093
| New | +$8.22M |
|
|
SGI
254
Somnigroup International
SGI
$14.1B
| $7.95M | 0.05% |
202,865
+3,216
| +2% | +$123K |
|
255
Knight Transportation
KNX
$11.3B
| $7.95M | 0.05% |
174,798
+18,503
| +12% | +$884K |
|
256
Weibo
WB
$1.99B
| $7.8M | 0.05% |
148,176
-6,157
| -4% | -$305K |
|
257
Globus Medical
GMED
$10.9B
| $7.71M | 0.05% |
+99,420
| New | +$7.07M |
|
258
RLX Technology
RLX
$2.42B
| $7.65M | 0.05% |
876,209
+786,042
| +872% | +$8.03M |
|
259
Stanley Black & Decker
SWK
$14.9B
| $7.65M | 0.05% |
+37,302
| New | +$7.73M |
|
260
MarketAxess Holdings
MKTX
$5.78B
| $7.59M | 0.05% |
16,363
+3,490
| +27% | +$1.66M |
|
261
Certara
CERT
$1.21B
| $7.56M | 0.05% |
+266,699
| New | +$7.41M |
|
262
Shake Shack
SHAK
$2.54B
| $7.53M | 0.05% |
70,370
+65,383
| +1,311% | +$6.6M |
|
263
Chemed
CHE
$7.1B
| $7.53M | 0.05% |
15,858
+9,616
| +154% | +$4.62M |
|
264
Expeditors International
EXPD
$21.8B
| $7.5M | 0.05% |
+59,228
| New | +$6.99M |
|
265
Axalta
AXTA
$7.71B
| $7.46M | 0.05% |
244,707
+15,095
| +7% | +$478K |
|
|
SAFM
266
DELISTED
Sanderson Farms Inc
SAFM
| $7.46M | 0.05% |
+39,689
| New | +$6.68M |
|
267
Toll Brothers
TOL
$14B
| $7.43M | 0.05% |
128,486
+3,538
| +3% | +$216K |
|
268
Leggett & Platt
LEG
$1.37B
| $7.34M | 0.05% |
141,751
+15,048
| +12% | +$783K |
|
269
Canadian National Railway
CNI
$76.9B
| $7.25M | 0.05% |
68,664
+57,976
| +542% | +$6.4M |
|
270
NetApp
NTAP
$34.1B
| $7.24M | 0.05% |
+88,499
| New | +$6.91M |
|
271
iQIYI
IQ
$1.24B
| $7.2M | 0.05% |
462,195
-6,336
| -1% | -$94.3K |
|
272
STAAR Surgical
STAA
$1.21B
| $7.12M | 0.05% |
+46,653
| New | +$6.15M |
|
273
Amgen
AMGN
$209B
| $7.09M | 0.05% |
29,099
+28,049
| +2,671% | +$6.9M |
|
274
Regeneron Pharmaceuticals
REGN
$77.4B
| $7.08M | 0.05% |
+12,685
| New | +$6.43M |
|
275
Envista
NVST
$4.52B
| $6.91M | 0.04% |
+159,898
| New | +$6.94M |
|
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Bridgewater Associates's Q2 2021 Portfolio in Review
As of Q2 2021, Bridgewater Associates held 784 positions worth $15.6B, up 37% from $11.3B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Bridgewater Associates deployed $3.72B of net new capital in Q2 2021, opening 329 new positions and adding to 255 existing holdings. Its largest new stake was Linde: 103,503 shares worth $29.9M.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, up from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $485M trimmed.
- Bridgewater Associates's largest Q2 2021 buy was Linde: 103,503 shares worth $29.9M.
- Bridgewater Associates added most to Walmart Inc in Q2 2021, an estimated $228M increase.
- Bridgewater Associates's biggest Q2 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $485M.
- Bridgewater Associates fully exited Mondelez International in Q2 2021, selling an estimated $107M.
- Bridgewater Associates's ten largest holdings make up 33% of its $15.6B portfolio in Q2 2021.
- Bridgewater Associates opened 329 new positions and closed 80 in Q2 2021.
- Bridgewater Associates's portfolio value rose 37% quarter-over-quarter to $15.6B.
Based on Bridgewater Associates's 13F filing for Q2 2021, filed 13 Aug 2021.