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 |
Amazon
AMZN
|
+$293M |
| 2 |
Microsoft
MSFT
|
+$216M |
| 3 |
ExxonMobil
XOM
|
+$92M |
| 4 |
Cameco
CCJ
|
+$87.2M |
| 5 |
Advanced Micro Devices
AMD
|
+$67.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$256M |
| 2 |
Eli Lilly
LLY
|
+$148M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$140M |
| 4 |
Comcast
CMCSA
|
+$88.8M |
| 5 |
Procter & Gamble
PG
|
+$83.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 18.04% |
| 2 | Healthcare | 14.75% |
| 3 | Technology | 14.42% |
| 4 | Consumer Discretionary | 12.13% |
| 5 | Communication Services | 8.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Lockheed Martin
LMT
$132B
| $9.88M | 0.05% |
21,146
+9,188
| +77% | +$4.25M |
|
252
Henry Schein
HSIC
$9.7B
| $9.79M | 0.05% |
152,746
+34,596
| +29% | +$2.44M |
|
253
RenaissanceRe
RNR
$13.2B
| $9.65M | 0.05% |
+43,180
| New | +$9.67M |
|
254
Wynn Resorts
WYNN
$10.5B
| $9.63M | 0.05% |
+107,595
| New | +$10.3M |
|
255
Energy Fuels
UUUU
$2.93B
| $9.22M | 0.05% |
+1,521,985
| New | +$9.29M |
|
256
KE Holdings
BEKE
$18.8B
| $9.17M | 0.05% |
647,978
-185,518
| -22% | -$2.91M |
|
257
Allison Transmission
ALSN
$9.57B
| $9.08M | 0.05% |
119,682
-260,947
| -69% | -$20M |
|
258
Masco
MAS
$14.2B
| $9.03M | 0.05% |
135,471
-45,854
| -25% | -$3.23M |
|
259
KB Home
KBH
$3.45B
| $9.02M | 0.05% |
128,583
+447
| +0.3% | +$30.4K |
|
260
Everest Group
EG
$14.9B
| $8.94M | 0.05% |
23,463
+3,146
| +15% | +$1.19M |
|
261
PVH
PVH
$4.01B
| $8.92M | 0.05% |
84,220
+11,945
| +17% | +$1.35M |
|
|
BLD
262
DELISTED
TopBuild
BLD
| $8.87M | 0.05% |
23,022
+18,577
| +418% | +$7.57M |
|
263
Globus Medical
GMED
$10.9B
| $8.86M | 0.05% |
129,362
+98,389
| +318% | +$5.88M |
|
264
Teleflex
TFX
$5.86B
| $8.86M | 0.05% |
42,117
+641
| +2% | +$134K |
|
265
SM Energy
SM
$7.58B
| $8.85M | 0.05% |
+204,702
| New | +$10.1M |
|
266
Crocs
CROX
$6.14B
| $8.84M | 0.05% |
60,586
-45,512
| -43% | -$6.38M |
|
267
Eastman Chemical
EMN
$8.01B
| $8.81M | 0.05% |
89,917
-17,638
| -16% | -$1.75M |
|
268
Lantheus
LNTH
$6.58B
| $8.76M | 0.05% |
109,133
+32,763
| +43% | +$2.4M |
|
269
Unum
UNM
$13.7B
| $8.75M | 0.05% |
171,269
+65,068
| +61% | +$3.37M |
|
|
SII
270
Sprott
SII
$2.75B
| $8.71M | 0.05% |
210,146
-318,548
| -60% | -$13.4M |
|
271
Nextpower Inc
NXT
$14.7B
| $8.62M | 0.05% |
183,792
+66,481
| +57% | +$3.31M |
|
272
Molina Healthcare
MOH
$10.2B
| $8.61M | 0.05% |
28,958
+27,474
| +1,851% | +$9.33M |
|
273
ZTO Express
ZTO
$18.1B
| $8.59M | 0.04% |
413,864
-109,829
| -21% | -$2.4M |
|
274
Twilio
TWLO
$29B
| $8.55M | 0.04% |
+150,555
| New | +$8.88M |
|
275
H&R Block
HRB
$5.61B
| $8.55M | 0.04% |
157,686
-188,021
| -54% | -$9.36M |
|
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Bridgewater Associates's Q2 2024 Portfolio in Review
As of Q2 2024, Bridgewater Associates held 959 positions worth $19.2B, down 3.1% from $19.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Bridgewater Associates withdrew a net $757M in Q2 2024, closing 82 positions and reducing 390 holdings. Its most notable exit was Marathon Oil Corporation, an estimated $28.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 18% of assets, down from 19% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Bridgewater Associates opened a new position in Constellation Energy worth $38.9M.
- Bridgewater Associates's largest Q2 2024 buy was Constellation Energy: 194,333 shares worth $38.9M.
- Bridgewater Associates added most to Amazon in Q2 2024, an estimated $293M increase.
- Bridgewater Associates's biggest Q2 2024 reduction was Apple, cutting an estimated $256M.
- Bridgewater Associates fully exited Marathon Oil Corporation in Q2 2024, selling an estimated $28.8M.
- Bridgewater Associates's ten largest holdings make up 35% of its $19.2B portfolio in Q2 2024.
- Bridgewater Associates opened 282 new positions and closed 82 in Q2 2024.
- Bridgewater Associates's portfolio value fell 3.1% quarter-over-quarter to $19.2B.
Based on Bridgewater Associates's 13F filing for Q2 2024, filed 14 Aug 2024.