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 |
Lam Research
LRCX
|
$171M |
| 2 |
Constellation Energy
CEG
|
$149M |
| 3 |
Apple
AAPL
|
$131M |
| 4 |
Qualcomm
QCOM
|
$129M |
| 5 |
Broadcom
AVGO
|
$123M |
Top Sells
| 1 |
Procter & Gamble
PG
|
$345M |
| 2 |
Walmart
WMT
|
$296M |
| 3 |
Johnson & Johnson
JNJ
|
$281M |
| 4 |
McDonald's
MCD
|
$255M |
| 5 |
Costco
COST
|
$241M |
Sector Composition
| 1 | Technology | 19.57% |
| 2 | Consumer Discretionary | 11.09% |
| 3 | Healthcare | 10.68% |
| 4 | Consumer Staples | 9.77% |
| 5 | Communication Services | 9.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Vistra
VST
$64.3B
| $132M | 0.75% |
1,116,282
+641,893
| +135% | +$76.1M |
|
27
PepsiCo
PEP
$201B
| $129M | 0.73% |
757,894
-1,107,278
| -59% | -$188M |
|
28
Booking.com
BKNG
$181B
| $129M | 0.73% |
30,542
+5,593
| +22% | +$23.6M |
|
29
iShares MSCI South Korea ETF
EWY
$5.18B
| $123M | 0.7% |
1,927,560
+220,129
| +13% | +$14.1M |
|
30
McKesson
MCK
$86B
| $122M | 0.69% |
246,237
-11,028
| -4% | -$5.45M |
|
31
Cameco
CCJ
$33.2B
| $118M | 0.67% |
2,478,488
+410,711
| +20% | +$19.6M |
|
32
Applied Materials
AMAT
$126B
| $117M | 0.66% |
580,917
+464,061
| +397% | +$93.8M |
|
33
Cigna
CI
$81.2B
| $112M | 0.64% |
323,836
+41,140
| +15% | +$14.3M |
|
34
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.6B
| $111M | 0.63% |
983,200
-11,000
| -1% | -$1.24M |
|
35
Exxon Mobil
XOM
$479B
| $107M | 0.61% |
911,527
-29,651
| -3% | -$3.48M |
|
36
Micron Technology
MU
$139B
| $102M | 0.58% |
+983,685
| New | +$102M |
|
37
HCA Healthcare
HCA
$96.3B
| $102M | 0.58% |
250,041
-45,857
| -15% | -$18.6M |
|
38
Chevron
CVX
$318B
| $98.5M | 0.56% |
669,119
+515,672
| +336% | +$75.9M |
|
39
Fiserv
FI
$74B
| $97M | 0.55% |
539,762
-165,215
| -23% | -$29.7M |
|
40
PayPal
PYPL
$65.4B
| $95.3M | 0.54% |
1,221,461
-384,474
| -24% | -$30M |
|
41
Vanguard S&P 500 ETF
VOO
$730B
| $90.8M | 0.51% |
172,089
+139,488
| +428% | +$73.6M |
|
42
Target
TGT
$42.1B
| $86.3M | 0.49% |
553,461
-209,529
| -27% | -$32.7M |
|
43
ON Semiconductor
ON
$19.7B
| $81.5M | 0.46% |
1,123,041
+1,109,778
| +8,367% | +$80.6M |
|
44
Abbott
ABT
$231B
| $80.7M | 0.46% |
707,615
-960,854
| -58% | -$110M |
|
45
Wells Fargo
WFC
$262B
| $79.6M | 0.45% |
1,409,035
+605,146
| +75% | +$34.2M |
|
46
Salesforce
CRM
$232B
| $74M | 0.42% |
270,414
-12,858
| -5% | -$3.52M |
|
47
Altria Group
MO
$112B
| $73.4M | 0.42% |
1,438,565
+330,105
| +30% | +$16.8M |
|
48
NRG Energy
NRG
$28.6B
| $73.3M | 0.42% |
804,801
+627,121
| +353% | +$57.1M |
|
49
Expedia Group
EXPE
$26.8B
| $72.9M | 0.41% |
492,719
+86,256
| +21% | +$12.8M |
|
50
Chipotle Mexican Grill
CMG
$55.5B
| $72.4M | 0.41% |
1,256,728
-833,722
| -40% | -$48M |
|