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
| 1 |
PG&E
PCG
|
$38M |
| 2 |
iShares MSCI Brazil ETF
EWZ
|
$37.4M |
| 3 |
CVS Health
CVS
|
$30.5M |
| 4 |
Cardinal Health
CAH
|
$29.1M |
| 5 |
CELG
Celgene Corp
CELG
|
$21.4M |
Top Sells
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
$1.55B |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
$890M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
$526M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
$42.8M |
| 5 |
Kroger
KR
|
$42.3M |
Sector Composition
| 1 | Healthcare | 1.72% |
| 2 | Consumer Discretionary | 1.46% |
| 3 | Financials | 1.05% |
| 4 | Materials | 0.96% |
| 5 | Energy | 0.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
326
UnitedHealth
UNH
$286B
| – | – |
-4,492
| Closed | -$880K |
|
327
Union Pacific
UNP
$131B
| – | – |
-20,321
| Closed | -$2.36M |
|
328
VF Corp
VFC
$5.86B
| – | – |
-86,379
| Closed | -$5.17M |
|
329
Waters Corp
WAT
$18.2B
| – | – |
-9,297
| Closed | -$1.67M |
|
330
Waste Management
WM
$88.6B
| – | – |
-47,450
| Closed | -$3.71M |
|
|
GAP
331
The Gap, Inc.
GAP
$8.83B
| – | – |
-16,827
| Closed | -$497K |
|
|
WRK
332
DELISTED
WestRock Company
WRK
| – | – |
-10,396
| Closed | -$590K |
|
|
NUAN
333
DELISTED
Nuance Communications, Inc.
NUAN
| – | – |
-13,608
| Closed | -$185K |
|
|
KSU
334
DELISTED
Kansas City Southern
KSU
| – | – |
-82,975
| Closed | -$9.02M |
|
|
GGP
335
DELISTED
GGP Inc.
GGP
| – | – |
-31,656
| Closed | -$657K |
|
|
ATVI
336
DELISTED
Activision Blizzard Inc.
ATVI
| – | – |
-112,799
| Closed | -$7.28M |
|
|
TSS
337
DELISTED
Total System Services, Inc.
TSS
| – | – |
-30,211
| Closed | -$1.98M |
|