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 |
iShares MSCI Emerging Markets ETF
EEM
|
+$1.2B |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$388M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$144M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$58.6M |
| 5 |
Apple
AAPL
|
+$23.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
B
Barrick Mining
B
|
+$45.1M |
| 2 |
Cencora
COR
|
+$18.6M |
| 3 |
GG
Goldcorp Inc
GG
|
+$17.8M |
| 4 |
Bread Financial
BFH
|
+$17.5M |
| 5 |
MetLife
MET
|
+$16.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.47% |
| 2 | Energy | 2.95% |
| 3 | Consumer Discretionary | 2.32% |
| 4 | Healthcare | 2.04% |
| 5 | Materials | 1.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TCO
276
DELISTED
Taubman Centers Inc.
TCO
| $275K | ﹤0.01% |
+3,700
| New | +$286K |
|
|
SBNY
277
DELISTED
Signature Bank
SBNY
| $272K | ﹤0.01% |
2,300
-6,600
| -74% | -$795K |
|
278
Community Health Systems
CYH
$385M
| $270K | ﹤0.01% |
+23,400
| New | +$270K |
|
|
WCG
279
DELISTED
Wellcare Health Plans, Inc.
WCG
| $269K | ﹤0.01% |
+2,300
| New | +$257K |
|
280
Dentsply Sirona
XRAY
$2.59B
| $267K | ﹤0.01% |
4,500
-1,500
| -25% | -$92.2K |
|
|
SEE
281
DELISTED
Sealed Air
SEE
| $263K | ﹤0.01% |
+5,730
| New | +$269K |
|
282
Costco
COST
$415B
| $259K | ﹤0.01% |
+1,700
| New | +$275K |
|
283
FMC
FMC
$1.42B
| $257K | ﹤0.01% |
6,137
-11,389
| -65% | -$469K |
|
284
Brink's
BCO
$5.02B
| $256K | ﹤0.01% |
+6,893
| New | +$237K |
|
285
Verisk Analytics
VRSK
$26.4B
| $252K | ﹤0.01% |
3,100
-600
| -16% | -$49.6K |
|
286
Owens Corning
OC
$11.5B
| $246K | ﹤0.01% |
+4,600
| New | +$247K |
|
287
Willis Towers Watson
WTW
$27.9B
| $242K | ﹤0.01% |
1,823
-2,077
| -53% | -$259K |
|
288
ManpowerGroup
MAN
$2.39B
| $240K | ﹤0.01% |
3,319
-20,581
| -86% | -$1.42M |
|
289
Automatic Data Processing
ADP
$100B
| $238K | ﹤0.01% |
+2,700
| New | +$245K |
|
|
TPH
290
DELISTED
Tri Pointe Homes
TPH
| $238K | ﹤0.01% |
+18,091
| New | +$239K |
|
291
Ulta Beauty
ULTA
$20.4B
| $238K | ﹤0.01% |
+1,000
| New | +$253K |
|
|
CVSA
292
Covista Inc
CVSA
$3.94B
| $233K | ﹤0.01% |
+10,100
| New | +$225K |
|
|
BMS
293
DELISTED
Bemis
BMS
| $230K | ﹤0.01% |
+4,500
| New | +$232K |
|
294
Ball Corp
BALL
$17B
| $229K | ﹤0.01% |
+5,600
| New | +$214K |
|
|
LNKD
295
DELISTED
LinkedIn Corporation
LNKD
| $229K | ﹤0.01% |
1,200
| – | – |
|
|
TIME
296
DELISTED
Time Inc.
TIME
| $225K | ﹤0.01% |
+15,526
| New | +$234K |
|
297
Las Vegas Sands
LVS
$30.5B
| $219K | ﹤0.01% |
+3,800
| New | +$196K |
|
298
New York Times
NYT
$11.6B
| $215K | ﹤0.01% |
+18,000
| New | +$228K |
|
|
NUAN
299
DELISTED
Nuance Communications, Inc.
NUAN
| $183K | ﹤0.01% |
14,608
-17,732
| -55% | -$232K |
|
300
Accenture
ACN
$89.9B
| – | – |
-22,300
| Closed | -$2.53M |
|
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Bridgewater Associates's Q3 2016 Portfolio in Review
As of Q3 2016, Bridgewater Associates held 430 positions worth $10.2B, up 27% from $7.98B the previous quarter. Its ten largest holdings account for 84% of the portfolio.
Bridgewater Associates deployed $1.72B of net new capital in Q3 2016, opening 90 new positions and adding to 107 existing holdings. Its largest new stake was iShares Core MSCI Emerging Markets ETF: 1,319,320 shares worth $60.2M.
By sector, the portfolio is most concentrated in Technology at 3.5% of assets, up from 3.1% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was Cencora, an estimated $18.6M trimmed.
- Bridgewater Associates's largest Q3 2016 buy was iShares Core MSCI Emerging Markets ETF: 1,319,320 shares worth $60.2M.
- Bridgewater Associates added most to iShares MSCI Emerging Markets ETF in Q3 2016, an estimated $1.2B increase.
- Bridgewater Associates's biggest Q3 2016 reduction was Cencora, cutting an estimated $18.6M.
- Bridgewater Associates fully exited Barrick Mining in Q3 2016, selling an estimated $45.1M.
- Bridgewater Associates's ten largest holdings make up 84% of its $10.2B portfolio in Q3 2016.
- Bridgewater Associates opened 90 new positions and closed 131 in Q3 2016.
- Bridgewater Associates's portfolio value rose 27% quarter-over-quarter to $10.2B.
Based on Bridgewater Associates's 13F filing for Q3 2016, filed 9 Nov 2016.