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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$217M |
| 2 |
Apple
AAPL
|
+$57.2M |
| 3 |
Coca-Cola
KO
|
+$24.2M |
| 4 |
POT
Potash Corp Of Saskatchewan
POT
|
+$21.7M |
| 5 |
Johnson & Johnson
JNJ
|
+$20.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$171M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$71.3M |
| 3 |
Gilead Sciences
GILD
|
+$52M |
| 4 |
Microsoft
MSFT
|
+$21.8M |
| 5 |
X
US Steel
X
|
+$15.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.03% |
| 2 | Materials | 2.19% |
| 3 | Energy | 1.97% |
| 4 | Healthcare | 1.2% |
| 5 | Industrials | 0.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
ExxonMobil
XOM
$651B
| $14.4M | 0.11% |
168,868
+24,768
| +17% | +$2.2M |
|
27
Lam Research
LRCX
$382B
| $14M | 0.11% |
1,996,040
+1,399,840
| +235% | +$11.1M |
|
28
Cisco
CSCO
$450B
| $13.9M | 0.11% |
+503,980
| New | +$14.2M |
|
29
BP
BP
$113B
| $13.8M | 0.11% |
426,165
+7,714
| +2% | +$253K |
|
30
Chevron
CVX
$388B
| $13.8M | 0.11% |
131,500
+9,300
| +8% | +$992K |
|
31
BHP
BHP
$213B
| $13.7M | 0.11% |
349,133
+27,556
| +9% | +$1.12M |
|
32
Occidental Petroleum
OXY
$57B
| $13.7M | 0.11% |
187,719
+19,333
| +11% | +$1.49M |
|
|
CERN
33
DELISTED
Cerner Corp
CERN
| $13.7M | 0.11% |
186,470
+135,500
| +266% | +$9.38M |
|
34
ConocoPhillips
COP
$147B
| $13.6M | 0.11% |
217,800
+17,400
| +9% | +$1.13M |
|
35
EOG Resources
EOG
$78B
| $13.5M | 0.11% |
147,600
+13,600
| +10% | +$1.23M |
|
36
UnitedHealth
UNH
$382B
| $13.5M | 0.11% |
114,192
+13,692
| +14% | +$1.52M |
|
37
Medtronic
MDT
$107B
| $13.5M | 0.11% |
172,832
+136,200
| +372% | +$10.3M |
|
38
Newmont
NEM
$98.2B
| $13.5M | 0.1% |
620,187
+90,713
| +17% | +$2.12M |
|
|
EMC
39
DELISTED
EMC CORPORATION
EMC
| $13.3M | 0.1% |
518,397
+268,400
| +107% | +$7.39M |
|
40
O'Reilly Automotive
ORLY
$72.4B
| $13.2M | 0.1% |
912,585
+567,000
| +164% | +$7.62M |
|
41
Rio Tinto
RIO
$148B
| $13.1M | 0.1% |
317,400
+17,900
| +6% | +$809K |
|
42
NVIDIA
NVDA
$5.01T
| $13M | 0.1% |
24,889,720
+11,148,000
| +81% | +$5.93M |
|
43
Western Union
WU
$2.57B
| $12.9M | 0.1% |
618,789
-99,300
| -14% | -$1.85M |
|
44
PepsiCo
PEP
$186B
| $12.5M | 0.1% |
130,509
+111,148
| +574% | +$10.8M |
|
|
NE
45
DELISTED
Noble Corporation
NE
| $12.5M | 0.1% |
871,902
+498,778
| +134% | +$8.09M |
|
46
Southwest Airlines
LUV
$22.1B
| $12.3M | 0.1% |
277,631
+2,700
| +1% | +$118K |
|
47
Labcorp
LH
$24.3B
| $12.2M | 0.09% |
112,368
+30,846
| +38% | +$3.17M |
|
48
Sherwin-Williams
SHW
$78.3B
| $12.1M | 0.09% |
128,103
+36,600
| +40% | +$3.41M |
|
49
McKesson
MCK
$98.5B
| $12.1M | 0.09% |
53,313
+31,000
| +139% | +$6.88M |
|
50
Target
TGT
$62.1B
| $12M | 0.09% |
+146,600
| New | +$11.3M |
|
Similar funds
Bridgewater Associates's Q1 2015 Portfolio in Review
As of Q1 2015, Bridgewater Associates held 425 positions worth $12.8B, up 2.4% from $12.5B the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Bridgewater Associates's Q1 2015 filing shows 90 new, 147 increased, 87 reduced and 97 closed positions. Its largest new stake was Coca-Cola: 577,774 shares worth $23.4M. The largest sale was Vanguard FTSE Emerging Markets ETF, an estimated $171M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.4% a quarter earlier, followed by Materials and Energy.
- Bridgewater Associates's largest Q1 2015 buy was Coca-Cola: 577,774 shares worth $23.4M.
- Bridgewater Associates added most to State Street SPDR S&P 500 ETF Trust in Q1 2015, an estimated $217M increase.
- Bridgewater Associates's biggest Q1 2015 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $171M.
- Bridgewater Associates fully exited US Steel in Q1 2015, selling an estimated $15.2M.
- Bridgewater Associates's ten largest holdings make up 88% of its $12.8B portfolio in Q1 2015.
- Bridgewater Associates opened 90 new positions and closed 97 in Q1 2015.
- Bridgewater Associates's portfolio value rose 2.4% quarter-over-quarter to $12.8B.
Based on Bridgewater Associates's 13F filing for Q1 2015, filed 14 May 2015.