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
|
+$71.2M |
| 2 |
Procter & Gamble
PG
|
+$68.3M |
| 3 |
Coca-Cola
KO
|
+$57.2M |
| 4 |
Lowe's Companies
LOW
|
+$50M |
| 5 |
PepsiCo
PEP
|
+$42.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$211M |
| 2 |
SPDR Gold Trust
GLD
|
+$211M |
| 3 |
iShares MSCI Emerging Markets ETF
EEM
|
+$186M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$146M |
| 5 |
iShares Gold Trust
IAU
|
+$114M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 27.76% |
| 2 | Consumer Discretionary | 17.03% |
| 3 | Healthcare | 11.47% |
| 4 | Financials | 6.12% |
| 5 | Industrials | 2.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HUYA
276
Huya Inc
HUYA
$572M
| $2.04M | 0.02% |
104,611
-30,289
| -22% | -$760K |
|
|
SNV
277
DELISTED
Synovus
SNV
| $2.03M | 0.02% |
44,398
+21,758
| +96% | +$911K |
|
278
CSX Corp
CSX
$92.3B
| $1.97M | 0.02% |
61,353
-444,645
| -88% | -$13.6M |
|
|
INOV
279
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $1.96M | 0.02% |
68,058
-79,966
| -54% | -$2.06M |
|
|
FLG
280
Flagstar Bank National Association
FLG
$5.93B
| $1.9M | 0.02% |
50,188
+26,424
| +111% | +$914K |
|
281
Vroom Inc
VRM
$37.2M
| $1.86M | 0.02% |
+596
| New | +$1.93M |
|
282
Teladoc Health
TDOC
$1.21B
| $1.85M | 0.02% |
10,175
-18,142
| -64% | -$4.21M |
|
283
Southwest Airlines
LUV
$23B
| $1.85M | 0.02% |
30,244
-142,004
| -82% | -$7.56M |
|
284
BOK Financial
BOKF
$8.74B
| $1.83M | 0.02% |
20,544
+13,015
| +173% | +$1.1M |
|
285
Open Text
OTEX
$6.34B
| $1.82M | 0.02% |
38,154
+22,449
| +143% | +$1.05M |
|
286
Snap
SNAP
$8.48B
| $1.82M | 0.02% |
34,761
-396,486
| -92% | -$22.8M |
|
287
Popular Inc
BPOP
$11.1B
| $1.79M | 0.02% |
25,469
+12,526
| +97% | +$811K |
|
288
Weyerhaeuser
WY
$18.2B
| $1.76M | 0.02% |
49,337
-216,165
| -81% | -$7.36M |
|
289
Valley National Bancorp
VLY
$8.02B
| $1.66M | 0.01% |
120,568
+66,656
| +124% | +$803K |
|
|
JOBS
290
DELISTED
51job Inc
JOBS
| $1.65M | 0.01% |
26,425
-11,768
| -31% | -$786K |
|
291
Shopify
SHOP
$152B
| $1.63M | 0.01% |
14,720
+9,420
| +178% | +$1.14M |
|
292
Bank OZK
OZK
$5.65B
| $1.58M | 0.01% |
38,783
+20,103
| +108% | +$792K |
|
293
VeriSign
VRSN
$27B
| $1.57M | 0.01% |
+7,877
| New | +$1.55M |
|
294
SiriusXM
SIRI
$10.2B
| $1.55M | 0.01% |
+25,463
| New | +$1.55M |
|
295
Workday
WDAY
$40.8B
| $1.53M | 0.01% |
6,160
-56,729
| -90% | -$14M |
|
296
Norfolk Southern
NSC
$75.6B
| $1.52M | 0.01% |
5,669
-46,300
| -89% | -$11.7M |
|
297
Stantec
STN
$8.17B
| $1.47M | 0.01% |
34,248
+17,236
| +101% | +$663K |
|
298
United Parcel Service
UPS
$90.8B
| $1.45M | 0.01% |
8,501
-115,754
| -93% | -$18.7M |
|
|
PACW
299
DELISTED
PacWest Bancorp
PACW
| $1.37M | 0.01% |
35,866
+17,656
| +97% | +$619K |
|
300
Willis Towers Watson
WTW
$31.7B
| $1.36M | 0.01% |
5,959
-2,657
| -31% | -$579K |
|
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Bridgewater Associates's Q1 2021 Portfolio in Review
As of Q1 2021, Bridgewater Associates held 652 positions worth $11.3B, down 1.9% from $11.6B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Bridgewater Associates withdrew a net $463M in Q1 2021, closing 197 positions and reducing 123 holdings. Its most notable exit was ServiceNow, an estimated $13.4M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Bridgewater Associates opened a new position in Lowe's Companies worth $55.4M.
- Bridgewater Associates's largest Q1 2021 buy was Lowe's Companies: 291,137 shares worth $55.4M.
- Bridgewater Associates added most to Walmart Inc in Q1 2021, an estimated $71.2M increase.
- Bridgewater Associates's biggest Q1 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $211M.
- Bridgewater Associates fully exited ServiceNow in Q1 2021, selling an estimated $13.4M.
- Bridgewater Associates's ten largest holdings make up 39% of its $11.3B portfolio in Q1 2021.
- Bridgewater Associates opened 127 new positions and closed 197 in Q1 2021.
- Bridgewater Associates's portfolio value fell 1.9% quarter-over-quarter to $11.3B.
Based on Bridgewater Associates's 13F filing for Q1 2021, filed 14 May 2021.