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 |
NFX
Newfield Exploration
NFX
|
+$44.6M |
| 2 |
Meta Platforms (Facebook)
META
|
+$35.1M |
| 3 |
XEC
CIMAREX ENERGY CO
XEC
|
+$33M |
| 4 |
AT&T
T
|
+$30.8M |
| 5 |
iShares MSCI Brazil ETF
EWZ
|
+$27.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$1.04B |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$833M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$391M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$147M |
| 5 |
iShares TIPS Bond ETF
TIP
|
+$92.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 3.02% |
| 2 | Energy | 2.11% |
| 3 | Consumer Discretionary | 2.02% |
| 4 | Financials | 1.95% |
| 5 | Consumer Staples | 1.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WCG
301
DELISTED
Wellcare Health Plans, Inc.
WCG
| $835K | 0.01% |
+4,312
| New | +$863K |
|
302
NVR
NVR
$16.8B
| $832K | 0.01% |
+297
| New | +$944K |
|
303
Snap-on
SNA
$21.2B
| $831K | 0.01% |
+5,631
| New | +$925K |
|
304
Honeywell
HON
$76.7B
| $827K | 0.01% |
+6,332
| New | +$876K |
|
305
MetLife
MET
$62.5B
| $818K | 0.01% |
+17,815
| New | +$864K |
|
306
Flowserve
FLS
$9.63B
| $815K | 0.01% |
+18,819
| New | +$819K |
|
307
Regal Rexnord
RRX
$13.5B
| $815K | 0.01% |
+11,105
| New | +$836K |
|
308
MSC Industrial Direct
MSM
$6.78B
| $808K | 0.01% |
+8,812
| New | +$814K |
|
309
Realty Income
O
$60.1B
| $805K | 0.01% |
+16,055
| New | +$800K |
|
310
Oshkosh
OSK
$8.82B
| $802K | 0.01% |
+10,380
| New | +$885K |
|
311
Sensata Technologies
ST
$6.98B
| $801K | 0.01% |
+15,455
| New | +$824K |
|
312
Donaldson
DCI
$10.7B
| $798K | 0.01% |
+17,718
| New | +$848K |
|
313
Enovis
ENOV
$1.69B
| $797K | 0.01% |
+14,516
| New | +$895K |
|
314
Toro Company
TTC
$8.72B
| $797K | 0.01% |
+12,764
| New | +$813K |
|
|
WPG
315
DELISTED
Washington Prime Group Inc.
WPG
| $797K | 0.01% |
+13,272
| New | +$776K |
|
316
Crane NXT
CXT
$2.97B
| $795K | 0.01% |
+24,673
| New | +$799K |
|
317
Graco
GGG
$13B
| $794K | 0.01% |
+17,371
| New | +$793K |
|
318
Valmont Industries
VMI
$9.2B
| $794K | 0.01% |
+5,430
| New | +$849K |
|
319
Jones Lang LaSalle
JLL
$16.8B
| $789K | 0.01% |
+4,516
| New | +$726K |
|
320
NNN REIT
NNN
$9.16B
| $787K | 0.01% |
+20,049
| New | +$782K |
|
321
Starwood Property Trust
STWD
$6.02B
| $787K | 0.01% |
+37,573
| New | +$777K |
|
|
SJR
322
DELISTED
Shaw Communications Inc.
SJR
| $787K | 0.01% |
40,871
-1,143
| -3% | -$23.4K |
|
|
DRE
323
DELISTED
Duke Realty Corp.
DRE
| $787K | 0.01% |
+29,739
| New | +$765K |
|
324
SITE Centers
SITC
$227M
| $786K | 0.01% |
+83,171
| New | +$836K |
|
|
SVC
325
Service Properties Trust
SVC
$1.04B
| $786K | 0.01% |
+6,200
| New | +$834K |
|
Similar funds
Bridgewater Associates's Q1 2018 Portfolio in Review
As of Q1 2018, Bridgewater Associates held 508 positions worth $10.5B, down 14% from $12.2B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Bridgewater Associates withdrew a net $1.74B in Q1 2018, closing 48 positions and reducing 116 holdings. Its most notable exit was Costco, an estimated $15.6M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 3% of assets, up from 1.7% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Bridgewater Associates opened a new position in Biogen worth $21.1M.
- Bridgewater Associates's largest Q1 2018 buy was Biogen: 77,197 shares worth $21.1M.
- Bridgewater Associates added most to Newfield Exploration in Q1 2018, an estimated $44.6M increase.
- Bridgewater Associates's biggest Q1 2018 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $1.04B.
- Bridgewater Associates fully exited Costco in Q1 2018, selling an estimated $15.6M.
- Bridgewater Associates's ten largest holdings make up 73% of its $10.5B portfolio in Q1 2018.
- Bridgewater Associates opened 262 new positions and closed 48 in Q1 2018.
- Bridgewater Associates's portfolio value fell 14% quarter-over-quarter to $10.5B.
Based on Bridgewater Associates's 13F filing for Q1 2018, filed 15 May 2018.