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 | |
|---|---|---|---|---|---|---|
26
Royal Bank of Canada
RY
$204B
| $22.6M | 0.15% |
292,688
| – | – |
|
27
Capri Holdings
CPRI
$2.53B
| $22.2M | 0.15% |
464,437
+376,556
| +428% | +$18M |
|
|
DISCA
28
DELISTED
Discovery, Inc. Series A Common Stock
DISCA
| $21.7M | 0.15% |
1,016,993
+448,968
| +79% | +$9.56M |
|
29
DaVita
DVA
$9.86B
| $21.1M | 0.14% |
354,456
+289,970
| +450% | +$17.2M |
|
30
Toronto Dominion Bank
TD
$127B
| $20.8M | 0.14% |
369,816
| – | – |
|
31
Devon Energy
DVN
$22.1B
| $20.2M | 0.14% |
550,902
-330,094
| -37% | -$12.1M |
|
32
Cleveland-Cliffs
CLF
$5.63B
| $19.8M | 0.13% |
2,772,145
+1,330,607
| +92% | +$9.51M |
|
33
GE Aerospace
GE
$296B
| $19.8M | 0.13% |
170,551
+27,134
| +19% | +$3.14M |
|
34
Quest Diagnostics
DGX
$20.5B
| $19.5M | 0.13% |
+208,121
| New | +$19.5M |
|
35
Transocean
RIG
$2.9B
| $18.9M | 0.13% |
+1,760,713
| New | +$18.9M |
|
36
BorgWarner
BWA
$9.53B
| $18.4M | 0.12% |
407,197
+87,519
| +27% | +$3.95M |
|
|
ENDP
37
DELISTED
Endo International plc
ENDP
| $16.9M | 0.11% |
1,972,219
+432,811
| +28% | +$3.71M |
|
|
ALXN
38
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $16.5M | 0.11% |
117,418
+111,020
| +1,735% | +$15.6M |
|
39
Royal Caribbean
RCL
$95.7B
| $16.5M | 0.11% |
138,938
+105,324
| +313% | +$12.5M |
|
40
Microchip Technology
MCHP
$35.6B
| $16.4M | 0.11% |
365,490
+271,544
| +289% | +$12.2M |
|
41
Scotiabank
BNS
$78.8B
| $16.3M | 0.11% |
254,318
| – | – |
|
42
Kimberly-Clark
KMB
$43.1B
| $15.9M | 0.11% |
+134,770
| New | +$15.9M |
|
43
Suncor Energy
SU
$48.5B
| $14.3M | 0.1% |
409,371
-14,194
| -3% | -$496K |
|
44
Freeport-McMoran
FCX
$66.5B
| $13.9M | 0.09% |
989,866
-410,942
| -29% | -$5.77M |
|
45
Biogen
BIIB
$20.6B
| $13.8M | 0.09% |
44,198
-783
| -2% | -$245K |
|
46
IBM
IBM
$232B
| $13.6M | 0.09% |
97,730
+6,135
| +7% | +$851K |
|
47
Western Union
WU
$2.86B
| $13.5M | 0.09% |
702,567
+511,522
| +268% | +$9.82M |
|
48
Ross Stores
ROST
$49.4B
| $13.4M | 0.09% |
208,150
+122,031
| +142% | +$7.88M |
|
|
49
Intel
INTC
$107B
| $13.4M | 0.09% |
351,286
-608,232
| -63% | -$23.2M |
|
50
Target
TGT
$42.3B
| $13.3M | 0.09% |
225,125
-78,988
| -26% | -$4.66M |
|