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 |
Alphabet (Google) Class A
GOOGL
|
+$476M |
| 2 |
Apple
AAPL
|
+$335M |
| 3 |
NVIDIA
NVDA
|
+$316M |
| 4 |
Amazon
AMZN
|
+$175M |
| 5 |
Microsoft
MSFT
|
+$155M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinduoduo
PDD
|
+$117M |
| 2 |
Costco
COST
|
+$109M |
| 3 |
Coca-Cola
KO
|
+$103M |
| 4 |
Cisco
CSCO
|
+$90M |
| 5 |
Procter & Gamble
PG
|
+$84.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 18.93% |
| 2 | Healthcare | 17.5% |
| 3 | Technology | 13.05% |
| 4 | Consumer Discretionary | 11.08% |
| 5 | Communication Services | 9.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Nike
NKE
$63B
| $6.02M | 0.03% |
+64,045
| New | +$6.51M |
|
|
352
Cisco
CSCO
$479B
| $5.91M | 0.03% |
118,397
-1,803,321
| -94% | -$90M |
|
353
Par Pacific Holdings
PARR
$3.51B
| $5.91M | 0.03% |
159,443
+48,609
| +44% | +$1.79M |
|
354
Arch Capital
ACGL
$33.8B
| $5.9M | 0.03% |
63,869
+2,089
| +3% | +$177K |
|
355
Canadian National Railway
CNI
$77.1B
| $5.89M | 0.03% |
44,652
-26,941
| -38% | -$3.44M |
|
356
Liberty Energy
LBRT
$3.17B
| $5.84M | 0.03% |
281,821
+44,757
| +19% | +$885K |
|
357
GSK
GSK
$103B
| $5.8M | 0.03% |
135,294
-78,726
| -37% | -$3.25M |
|
358
Evolent Health
EVH
$346M
| $5.76M | 0.03% |
175,739
-28,638
| -14% | -$914K |
|
359
Unum
UNM
$14.1B
| $5.7M | 0.03% |
106,201
-1,154
| -1% | -$56.3K |
|
|
PR
360
Permian Resources
PR
$16.6B
| $5.6M | 0.03% |
317,186
-21,971
| -6% | -$322K |
|
361
NETSCOUT
NTCT
$2.98B
| $5.58M | 0.03% |
255,419
-112,628
| -31% | -$2.44M |
|
|
CIVI
362
DELISTED
Civitas Resources
CIVI
| $5.57M | 0.03% |
73,365
+11,365
| +18% | +$760K |
|
363
WD-40
WDFC
$3.15B
| $5.53M | 0.03% |
21,818
-3,214
| -13% | -$832K |
|
364
Patterson-UTI
PTEN
$3.62B
| $5.52M | 0.03% |
+462,727
| New | +$5.14M |
|
365
CF Industries
CF
$17.9B
| $5.48M | 0.03% |
65,915
-43,678
| -40% | -$3.48M |
|
366
Clean Harbors
CLH
$16.3B
| $5.48M | 0.03% |
27,230
+19,081
| +234% | +$3.43M |
|
367
Celsius Holdings
CELH
$7.45B
| $5.45M | 0.03% |
65,667
-144,625
| -69% | -$9.92M |
|
368
Lockheed Martin
LMT
$133B
| $5.44M | 0.03% |
+11,958
| New | +$5.24M |
|
369
Option Care Health
OPCH
$3.55B
| $5.39M | 0.03% |
160,794
-45,037
| -22% | -$1.46M |
|
370
Keurig Dr Pepper
KDP
$41.8B
| $5.25M | 0.03% |
171,255
+114,022
| +199% | +$3.51M |
|
371
Vale
VALE
$63.6B
| $5.22M | 0.03% |
+427,998
| New | +$5.78M |
|
372
Fortinet
FTNT
$120B
| $5.18M | 0.03% |
75,819
+69,433
| +1,087% | +$4.62M |
|
373
Marriott Vacations Worldwide
VAC
$3.49B
| $5.15M | 0.03% |
47,836
+6,475
| +16% | +$585K |
|
|
EXE
374
Expand Energy Corp
EXE
$21B
| $5.13M | 0.03% |
57,804
-40,777
| -41% | -$3.27M |
|
375
Doximity
DOCS
$3.94B
| $5.1M | 0.03% |
189,476
-21,636
| -10% | -$617K |
|
Similar funds
Bridgewater Associates's Q1 2024 Portfolio in Review
As of Q1 2024, Bridgewater Associates held 814 positions worth $19.8B, up 11% from $17.9B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Bridgewater Associates's Q1 2024 filing shows 72 new, 203 increased, 394 reduced and 137 closed positions. Its largest new stake was Amazon: 1,047,891 shares worth $189M. The largest sale was Pinduoduo, an estimated $117M.
By sector, the portfolio is most concentrated in Consumer Staples at 19% of assets, down from 24% a quarter earlier, followed by Healthcare and Technology.
- Bridgewater Associates's largest Q1 2024 buy was Amazon: 1,047,891 shares worth $189M.
- Bridgewater Associates added most to Alphabet (Google) Class A in Q1 2024, an estimated $476M increase.
- Bridgewater Associates's biggest Q1 2024 reduction was Pinduoduo, cutting an estimated $117M.
- Bridgewater Associates fully exited American Homes 4 Rent in Q1 2024, selling an estimated $21.4M.
- Bridgewater Associates's ten largest holdings make up 32% of its $19.8B portfolio in Q1 2024.
- Bridgewater Associates opened 72 new positions and closed 137 in Q1 2024.
- Bridgewater Associates's portfolio value rose 11% quarter-over-quarter to $19.8B.
Based on Bridgewater Associates's 13F filing for Q1 2024, filed 14 May 2024.