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
|
+$228M |
| 2 |
Procter & Gamble
PG
|
+$208M |
| 3 |
Johnson & Johnson
JNJ
|
+$184M |
| 4 |
Coca-Cola
KO
|
+$140M |
| 5 |
PepsiCo
PEP
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$485M |
| 2 |
Mondelez International
MDLZ
|
+$107M |
| 3 |
General Mills
GIS
|
+$40.7M |
| 4 |
Archer Daniels Midland
ADM
|
+$40.5M |
| 5 |
WBA
Walgreens Boots Alliance
WBA
|
+$40.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 28.39% |
| 2 | Healthcare | 17.39% |
| 3 | Consumer Discretionary | 15% |
| 4 | Financials | 5.26% |
| 5 | Technology | 4.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Illumina
ILMN
$29.5B
| $5.19M | 0.03% |
+11,268
| New | +$4.54M |
|
327
News Corp Class A
NWSA
$15.6B
| $5.13M | 0.03% |
+198,887
| New | +$5.24M |
|
328
American Water Works
AWK
$27B
| $5.11M | 0.03% |
+33,123
| New | +$5.16M |
|
329
Carter's
CRI
$1.43B
| $5.05M | 0.03% |
48,956
-108
| -0.2% | -$11K |
|
330
Pricesmart
PSMT
$5.94B
| $4.94M | 0.03% |
+54,234
| New | +$4.84M |
|
331
U-Haul Holding Co
UHAL
$14B
| $4.93M | 0.03% |
83,690
-4,700
| -5% | -$275K |
|
332
Neogen
NEOG
$2.05B
| $4.92M | 0.03% |
+106,970
| New | +$4.94M |
|
333
Cognex
CGNX
$9.62B
| $4.92M | 0.03% |
+58,579
| New | +$4.74M |
|
334
Franklin Resources
BEN
$16.8B
| $4.82M | 0.03% |
150,648
-8,554
| -5% | -$277K |
|
335
Central Garden & Pet Co Class A
CENTA
$2.43B
| $4.82M | 0.03% |
+124,656
| New | +$5.11M |
|
336
FMC
FMC
$1.25B
| $4.81M | 0.03% |
+44,471
| New | +$5.15M |
|
337
Integra LifeSciences
IART
$1.28B
| $4.77M | 0.03% |
+69,882
| New | +$4.94M |
|
338
Nu Skin
NUS
$257M
| $4.75M | 0.03% |
+83,879
| New | +$4.77M |
|
339
Textron
TXT
$14.7B
| $4.74M | 0.03% |
+68,903
| New | +$4.45M |
|
|
IRBT
340
DELISTED
iRobot
IRBT
| $4.71M | 0.03% |
+50,443
| New | +$5.17M |
|
341
Vertex Pharmaceuticals
VRTX
$123B
| $4.69M | 0.03% |
23,256
+1,567
| +7% | +$328K |
|
342
Dow Inc
DOW
$22B
| $4.67M | 0.03% |
+73,765
| New | +$4.87M |
|
|
NARI
343
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $4.66M | 0.03% |
+49,949
| New | +$4.84M |
|
344
Eastman Chemical
EMN
$7.69B
| $4.64M | 0.03% |
+39,780
| New | +$4.78M |
|
345
Ingersoll Rand
IR
$33.1B
| $4.64M | 0.03% |
+95,019
| New | +$4.66M |
|
346
AMN Healthcare
AMN
$1.35B
| $4.61M | 0.03% |
+47,490
| New | +$4.12M |
|
347
Wynn Resorts
WYNN
$10.3B
| $4.59M | 0.03% |
+37,497
| New | +$4.77M |
|
|
ONEM
348
DELISTED
1Life Healthcare
ONEM
| $4.56M | 0.03% |
+137,804
| New | +$5.2M |
|
349
IDEX
IEX
$17B
| $4.55M | 0.03% |
+20,688
| New | +$4.57M |
|
350
Huntington Bancshares
HBAN
$34B
| $4.53M | 0.03% |
317,736
+9,643
| +3% | +$148K |
|
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Bridgewater Associates's Q2 2021 Portfolio in Review
As of Q2 2021, Bridgewater Associates held 784 positions worth $15.6B, up 37% from $11.3B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Bridgewater Associates deployed $3.72B of net new capital in Q2 2021, opening 329 new positions and adding to 255 existing holdings. Its largest new stake was Linde: 103,503 shares worth $29.9M.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, up from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $485M trimmed.
- Bridgewater Associates's largest Q2 2021 buy was Linde: 103,503 shares worth $29.9M.
- Bridgewater Associates added most to Walmart Inc in Q2 2021, an estimated $228M increase.
- Bridgewater Associates's biggest Q2 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $485M.
- Bridgewater Associates fully exited Mondelez International in Q2 2021, selling an estimated $107M.
- Bridgewater Associates's ten largest holdings make up 33% of its $15.6B portfolio in Q2 2021.
- Bridgewater Associates opened 329 new positions and closed 80 in Q2 2021.
- Bridgewater Associates's portfolio value rose 37% quarter-over-quarter to $15.6B.
Based on Bridgewater Associates's 13F filing for Q2 2021, filed 13 Aug 2021.