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 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$967M |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$412M |
| 3 |
SPDR Gold Trust
GLD
|
+$403M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$399M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$169M |
Top Sells
| 1 |
iShares MSCI South Korea ETF
EWY
|
+$92.6M |
| 2 |
SPDR S&P 500 ETF Trust
SPY
|
+$28.5M |
| 3 |
SWN
Southwestern Energy Company
SWN
|
+$26.3M |
| 4 |
CHK
Chesapeake Energy Corporation
CHK
|
+$26.1M |
| 5 |
Intel
INTC
|
+$23.2M |
Sector Composition
| 1 | Consumer Discretionary | 1.98% |
| 2 | Healthcare | 1.54% |
| 3 | Financials | 1.2% |
| 4 | Technology | 1.1% |
| 5 | Energy | 1.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
351
Jack in the Box
JACK
$377M
| – | – |
-5,947
| Closed | -$586K |
|
|
JWN
352
DELISTED
Nordstrom
JWN
| – | – |
-22,847
| Closed | -$1.09M |
|
353
KBR
KBR
$6.35B
| – | – |
-12,412
| Closed | -$189K |
|
354
Keurig Dr Pepper
KDP
$37.5B
| – | – |
-19,746
| Closed | -$1.8M |
|
355
Loews
L
$19.9B
| – | – |
-10,632
| Closed | -$498K |
|
356
Lamar Advertising Co
LAMR
$12.9B
| – | – |
-3,774
| Closed | -$278K |
|
357
Lincoln Electric
LECO
$13.2B
| – | – |
-2,595
| Closed | -$239K |
|
358
Leggett & Platt
LEG
$1.32B
| – | – |
-5,569
| Closed | -$293K |
|
359
Lennar Class A
LEN
$35.6B
| – | – |
-116,957
| Closed | -$5.94M |
|
360
Eli Lilly
LLY
$673B
| – | – |
-51,151
| Closed | -$4.21M |
|
361
Southwest Airlines
LUV
$16.3B
| – | – |
-167,833
| Closed | -$10.4M |
|
362
ManpowerGroup
MAN
$1.78B
| – | – |
-2,393
| Closed | -$267K |
|
363
Mondelez International
MDLZ
$81B
| – | – |
-9,162
| Closed | -$396K |
|
364
MetLife
MET
$52.7B
| – | – |
-11,126
| Closed | -$545K |
|
365
McCormick & Company Non-Voting
MKC
$18.7B
| – | – |
-41,432
| Closed | -$2.02M |
|
366
Marsh & McLennan
MMC
$99.2B
| – | – |
-19,284
| Closed | -$1.5M |
|
367
Monster Beverage
MNST
$61.9B
| – | – |
-42,880
| Closed | -$1.07M |
|
368
Merck
MRK
$211B
| – | – |
-13,862
| Closed | -$848K |
|
369
Microsoft
MSFT
$3.7T
| – | – |
-22,144
| Closed | -$1.53M |
|
370
MSC Industrial Direct
MSM
$5.12B
| – | – |
-3,131
| Closed | -$269K |
|
371
Murphy Oil
MUR
$3.56B
| – | – |
-231,642
| Closed | -$5.94M |
|
372
Nordson
NDSN
$12.5B
| – | – |
-1,877
| Closed | -$228K |
|
373
National Fuel Gas
NFG
$7.77B
| – | – |
-4,352
| Closed | -$243K |
|
374
Northrop Grumman
NOC
$81.8B
| – | – |
-5,365
| Closed | -$1.38M |
|
375
NRG Energy
NRG
$29.5B
| – | – |
-20,587
| Closed | -$355K |
|