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
|
$84M |
| 2 |
Royal Bank of Canada
RY
|
$32.3M |
| 3 |
Toronto Dominion Bank
TD
|
$32M |
| 4 |
Cummins
CMI
|
$31.3M |
| 5 |
Toll Brothers
TOL
|
$29.5M |
Top Sells
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
$176M |
| 2 |
SPDR S&P 500 ETF Trust
SPY
|
$148M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
$71M |
| 4 |
NFX
Newfield Exploration
NFX
|
$34.3M |
| 5 |
Procter & Gamble
PG
|
$30.9M |
Sector Composition
| 1 | Financials | 3.42% |
| 2 | Healthcare | 2.95% |
| 3 | Consumer Discretionary | 2.83% |
| 4 | Energy | 2.39% |
| 5 | Industrials | 2.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Oracle
ORCL
$654B
| $34.7M | 0.35% |
788,597
+21,963
| +3% | +$968K |
|
27
PG&E
PCG
$33.2B
| $33M | 0.33% |
775,654
-136,837
| -15% | -$5.82M |
|
|
28
Cummins
CMI
$55.1B
| $31.3M | 0.31% |
+235,261
| New | +$31.3M |
|
29
Suncor Energy
SU
$48.5B
| $29.8M | 0.3% |
733,430
+488,279
| +199% | +$19.9M |
|
30
Scotiabank
BNS
$78.8B
| $29.5M | 0.29% |
520,767
+369,236
| +244% | +$20.9M |
|
31
Caterpillar
CAT
$198B
| $29M | 0.29% |
213,507
+153,350
| +255% | +$20.8M |
|
32
GameStop
GME
$10.1B
| $28.2M | 0.28% |
7,737,496
-4,840,012
| -38% | -$17.6M |
|
33
Chevron
CVX
$310B
| $26.1M | 0.26% |
206,513
+181,568
| +728% | +$23M |
|
34
Applied Materials
AMAT
$130B
| $25.5M | 0.25% |
+551,724
| New | +$25.5M |
|
35
McDonald's
MCD
$224B
| $25.4M | 0.25% |
162,333
+140,183
| +633% | +$22M |
|
36
Canadian National Railway
CNI
$60.3B
| $24.7M | 0.25% |
301,682
+220,570
| +272% | +$18M |
|
37
TE Connectivity
TEL
$61.7B
| $23.7M | 0.24% |
262,904
+232,285
| +759% | +$20.9M |
|
38
Kimberly-Clark
KMB
$43.1B
| $22M | 0.22% |
208,490
-100,587
| -33% | -$10.6M |
|
39
Bread Financial
BFH
$3.09B
| $21.4M | 0.21% |
115,112
-74,739
| -39% | -$13.9M |
|
40
Bank of Montreal
BMO
$90.3B
| $20.4M | 0.2% |
264,561
+191,944
| +264% | +$14.8M |
|
|
XEC
41
DELISTED
CIMAREX ENERGY CO
XEC
| $20.4M | 0.2% |
200,375
-121,278
| -38% | -$12.3M |
|
|
NFX
42
DELISTED
Newfield Exploration
NFX
| $20.4M | 0.2% |
672,996
-1,134,000
| -63% | -$34.3M |
|
43
Canadian Natural Resources
CNQ
$63.2B
| $20.3M | 0.2% |
1,149,025
+731,487
| +175% | +$12.9M |
|
44
Eli Lilly
LLY
$652B
| $19.3M | 0.19% |
226,525
+727
| +0.3% | +$62K |
|
|
SWN
45
DELISTED
Southwestern Energy Company
SWN
| $19.3M | 0.19% |
3,640,204
-5,605,895
| -61% | -$29.7M |
|
46
Invesco
IVZ
$9.81B
| $19.2M | 0.19% |
721,566
+418,373
| +138% | +$11.1M |
|
47
Micron Technology
MU
$147B
| $18.9M | 0.19% |
360,008
+76,730
| +27% | +$4.02M |
|
|
DISH
48
DELISTED
DISH Network Corp.
DISH
| $18M | 0.18% |
535,515
+185,087
| +53% | +$6.22M |
|
|
X
49
DELISTED
US Steel
X
| $17.6M | 0.18% |
506,785
+54,950
| +12% | +$1.91M |
|
50
Cleveland-Cliffs
CLF
$5.63B
| $17.2M | 0.17% |
2,039,477
-3,173,937
| -61% | -$26.8M |
|