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 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$219M |
| 2 |
Gilead Sciences
GILD
|
+$30.6M |
| 3 |
Microsoft
MSFT
|
+$27.5M |
| 4 |
POT
Potash Corp Of Saskatchewan
POT
|
+$20.5M |
| 5 |
Eastman Chemical
EMN
|
+$19.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$384M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$62M |
| 3 |
Apple
AAPL
|
+$30.1M |
| 4 |
RTX Corp
RTX
|
+$20.5M |
| 5 |
Fossil Group
FOSL
|
+$20M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.42% |
| 2 | Energy | 2.21% |
| 3 | Materials | 2.04% |
| 4 | Healthcare | 1.26% |
| 5 | Industrials | 0.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NUAN
326
DELISTED
Nuance Communications, Inc.
NUAN
| $198K | ﹤0.01% |
16,063
+1,550
| +11% | +$19.9K |
|
327
KBR
KBR
$4.67B
| $191K | ﹤0.01% |
+11,264
| New | +$202K |
|
|
AVX
328
DELISTED
AVX Corporation
AVX
| $171K | ﹤0.01% |
+12,200
| New | +$168K |
|
329
Chord Energy
CHRD
$7.42B
| $165K | ﹤0.01% |
+10,000
| New | +$248K |
|
|
QLGC
330
DELISTED
QLOGIC CORP
QLGC
| $159K | ﹤0.01% |
11,917
+204
| +2% | +$2.32K |
|
331
Vishay Intertechnology
VSH
$5.7B
| $158K | ﹤0.01% |
+11,133
| New | +$153K |
|
|
BRCD
332
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $155K | ﹤0.01% |
13,100
+2,400
| +22% | +$26K |
|
|
PLCM
333
DELISTED
POLYCOM INC
PLCM
| $147K | ﹤0.01% |
+10,900
| New | +$139K |
|
334
Regions Financial
RF
$26.2B
| $138K | ﹤0.01% |
+13,096
| New | +$131K |
|
335
ON Semiconductor
ON
$34.7B
| $130K | ﹤0.01% |
+12,850
| New | +$113K |
|
336
American Electric Power
AEP
$72.7B
| – | – |
-18,005
| Closed | -$940K |
|
337
AGCO
AGCO
$8.71B
| – | – |
-14,941
| Closed | -$679K |
|
338
Alamos Gold
AGI
$12.5B
| – | – |
-99,122
| Closed | -$792K |
|
339
Allstate
ALL
$67.3B
| – | – |
-8,146
| Closed | -$500K |
|
340
Autoliv
ALV
$8.76B
| – | – |
-16,378
| Closed | -$1.08M |
|
341
Ametek
AME
$55.7B
| – | – |
-8,840
| Closed | -$444K |
|
342
Affiliated Managers Group
AMG
$9.61B
| – | – |
-1,326
| Closed | -$266K |
|
343
American Tower
AMT
$77.7B
| – | – |
-4,585
| Closed | -$429K |
|
344
AutoNation
AN
$7.1B
| – | – |
-8,905
| Closed | -$448K |
|
345
Abercrombie & Fitch
ANF
$4.41B
| – | – |
-92,285
| Closed | -$3.35M |
|
346
Aptiv
APTV
$12.2B
| – | – |
-19,200
| Closed | -$1.18M |
|
347
Ares Capital
ARCC
$13.6B
| – | – |
-28,000
| Closed | -$452K |
|
348
AvalonBay Communities
AVB
$26.8B
| – | – |
-4,800
| Closed | -$677K |
|
349
Avery Dennison
AVY
$12.5B
| – | – |
-15,302
| Closed | -$683K |
|
350
Boeing
BA
$167B
| – | – |
-36,941
| Closed | -$4.71M |
|
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Bridgewater Associates's Q4 2014 Portfolio in Review
As of Q4 2014, Bridgewater Associates held 456 positions worth $12.5B, down 2.4% from $12.8B the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Bridgewater Associates's Q4 2014 filing shows 93 new, 144 increased, 94 reduced and 121 closed positions. Its largest new stake was Potash Corp Of Saskatchewan: 601,600 shares worth $21.3M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $384M.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 2.6% a quarter earlier, followed by Energy and Materials.
- Bridgewater Associates's largest Q4 2014 buy was Potash Corp Of Saskatchewan: 601,600 shares worth $21.3M.
- Bridgewater Associates added most to Vanguard FTSE Emerging Markets ETF in Q4 2014, an estimated $219M increase.
- Bridgewater Associates's biggest Q4 2014 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $384M.
- Bridgewater Associates fully exited United Parcel Service in Q4 2014, selling an estimated $14.7M.
- Bridgewater Associates's ten largest holdings make up 89% of its $12.5B portfolio in Q4 2014.
- Bridgewater Associates opened 93 new positions and closed 121 in Q4 2014.
- Bridgewater Associates's portfolio value fell 2.4% quarter-over-quarter to $12.5B.
Based on Bridgewater Associates's 13F filing for Q4 2014, filed 11 Feb 2015.