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 |
Walmart Inc
WMT
|
+$228M |
| 2 |
Procter & Gamble
PG
|
+$208M |
| 3 |
Johnson & Johnson
JNJ
|
+$184M |
| 4 |
Coca-Cola
KO
|
+$140M |
| 5 |
PepsiCo
PEP
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$485M |
| 2 |
Mondelez International
MDLZ
|
+$107M |
| 3 |
General Mills
GIS
|
+$40.7M |
| 4 |
Archer Daniels Midland
ADM
|
+$40.5M |
| 5 |
WBA
Walgreens Boots Alliance
WBA
|
+$40.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 28.39% |
| 2 | Healthcare | 17.39% |
| 3 | Consumer Discretionary | 15% |
| 4 | Financials | 5.26% |
| 5 | Technology | 4.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Smith & Nephew
SNN
$13.5B
| $2.09M | 0.01% |
+48,087
| New | +$2.02M |
|
477
Lincoln Electric
LECO
$14.5B
| $2.06M | 0.01% |
+15,678
| New | +$2.01M |
|
|
CVGW
478
DELISTED
Calavo Growers
CVGW
| $2.06M | 0.01% |
+32,498
| New | +$2.39M |
|
479
BOK Financial
BOKF
$8.72B
| $2.06M | 0.01% |
23,780
+3,236
| +16% | +$289K |
|
480
Rogers Communications
RCI
$18.4B
| $2.05M | 0.01% |
38,536
+22,092
| +134% | +$1.11M |
|
481
Simulations Plus
SLP
$371M
| $2.04M | 0.01% |
+37,140
| New | +$2.13M |
|
482
Ingles Markets
IMKTA
$1.73B
| $2.04M | 0.01% |
+34,938
| New | +$2.17M |
|
483
Domino's
DPZ
$11.9B
| $2.03M | 0.01% |
4,352
-17,565
| -80% | -$7.45M |
|
484
iRhythm Holdings
IRTC
$4.05B
| $2M | 0.01% |
+30,214
| New | +$2.39M |
|
|
SNV
485
DELISTED
Synovus
SNV
| $2M | 0.01% |
45,497
+1,099
| +2% | +$51.6K |
|
|
NXGN
486
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $2M | 0.01% |
+120,242
| New | +$2.15M |
|
487
Affiliated Managers Group
AMG
$9.99B
| $1.99M | 0.01% |
12,915
-1,220
| -9% | -$195K |
|
488
Intel
INTC
$457B
| $1.99M | 0.01% |
+35,490
| New | +$2.08M |
|
489
Centene
CNC
$31B
| $1.99M | 0.01% |
+27,252
| New | +$1.87M |
|
490
Kinross Gold
KGC
$27.5B
| $1.98M | 0.01% |
311,232
-107,266
| -26% | -$797K |
|
491
Popular Inc
BPOP
$11.2B
| $1.98M | 0.01% |
26,317
+848
| +3% | +$64.9K |
|
492
Huntsman Corp
HUN
$1.75B
| $1.95M | 0.01% |
+73,676
| New | +$2.09M |
|
493
Vroom Inc
VRM
$37.8M
| $1.94M | 0.01% |
579
-17
| -3% | -$57.8K |
|
494
BioMarin Pharmaceuticals
BMRN
$11.6B
| $1.93M | 0.01% |
23,181
+9,743
| +73% | +$772K |
|
495
TFS Financial
TFSL
$5.21B
| $1.93M | 0.01% |
95,278
-11,691
| -11% | -$243K |
|
496
Lantheus
LNTH
$6.59B
| $1.93M | 0.01% |
+69,951
| New | +$1.61M |
|
497
Cigna
CI
$74.7B
| $1.92M | 0.01% |
+8,107
| New | +$2.02M |
|
498
Castle Biosciences
CSTL
$915M
| $1.91M | 0.01% |
+25,978
| New | +$1.72M |
|
499
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
| $1.89M | 0.01% |
+21,460
| New | +$1.87M |
|
500
BioLife Solutions
BLFS
$1.56B
| $1.87M | 0.01% |
+42,020
| New | +$1.48M |
|
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Bridgewater Associates's Q2 2021 Portfolio in Review
As of Q2 2021, Bridgewater Associates held 784 positions worth $15.6B, up 37% from $11.3B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Bridgewater Associates deployed $3.72B of net new capital in Q2 2021, opening 329 new positions and adding to 255 existing holdings. Its largest new stake was Linde: 103,503 shares worth $29.9M.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, up from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $485M trimmed.
- Bridgewater Associates's largest Q2 2021 buy was Linde: 103,503 shares worth $29.9M.
- Bridgewater Associates added most to Walmart Inc in Q2 2021, an estimated $228M increase.
- Bridgewater Associates's biggest Q2 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $485M.
- Bridgewater Associates fully exited Mondelez International in Q2 2021, selling an estimated $107M.
- Bridgewater Associates's ten largest holdings make up 33% of its $15.6B portfolio in Q2 2021.
- Bridgewater Associates opened 329 new positions and closed 80 in Q2 2021.
- Bridgewater Associates's portfolio value rose 37% quarter-over-quarter to $15.6B.
Based on Bridgewater Associates's 13F filing for Q2 2021, filed 13 Aug 2021.