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 | |
|---|---|---|---|---|---|---|
501
Lowe's Companies
LOW
$153B
| – | – |
-44,566
| Closed | -$3.91M |
|
502
Southwest Airlines
LUV
$16.7B
| – | – |
-114,762
| Closed | -$6.57M |
|
503
Macy's
M
$4.57B
| – | – |
-155,754
| Closed | -$4.63M |
|
504
Masco
MAS
$15.9B
| – | – |
-203,738
| Closed | -$8.24M |
|
505
Mercury Insurance
MCY
$4.3B
| – | – |
-5,583
| Closed | -$256K |
|
506
McCormick & Company Non-Voting
MKC
$18.8B
| – | – |
-16,618
| Closed | -$884K |
|
507
Marathon Petroleum
MPC
$55.1B
| – | – |
-24,453
| Closed | -$1.79M |
|
508
ServiceNow
NOW
$195B
| – | – |
-2,063
| Closed | -$341K |
|
509
Newell Brands
NWL
$2.65B
| – | – |
-49,655
| Closed | -$1.27M |
|
510
Old Republic International
ORI
$10B
| – | – |
-11,703
| Closed | -$251K |
|
511
PepsiCo
PEP
$194B
| – | – |
-100,321
| Closed | -$11M |
|
512
Principal Financial Group
PFG
$17.8B
| – | – |
-16,622
| Closed | -$1.01M |
|
|
513
Procter & Gamble
PG
$372B
| – | – |
-390,041
| Closed | -$30.9M |
|
514
Philip Morris
PM
$253B
| – | – |
-19,711
| Closed | -$1.96M |
|
515
PPG Industries
PPG
$25.2B
| – | – |
-14,666
| Closed | -$1.64M |
|
516
ProAssurance
PRA
$1.22B
| – | – |
-5,103
| Closed | -$248K |
|
517
Transocean
RIG
$2.98B
| – | – |
-1,320,394
| Closed | -$13.1M |
|
518
Raymond James Financial
RJF
$33.1B
| – | – |
-31,178
| Closed | -$1.86M |
|
519
RenaissanceRe
RNR
$11.3B
| – | – |
-1,857
| Closed | -$257K |
|
520
Rockwell Automation
ROK
$38.8B
| – | – |
-8,841
| Closed | -$1.54M |
|
521
Republic Services
RSG
$71.2B
| – | – |
-4,928
| Closed | -$326K |
|
522
J.M. Smucker
SJM
$11.9B
| – | – |
-14,604
| Closed | -$1.81M |
|
523
ScottsMiracle-Gro
SMG
$3.6B
| – | – |
-5,090
| Closed | -$436K |
|
524
Simon Property Group
SPG
$59.6B
| – | – |
-2,437
| Closed | -$376K |
|
525
Skyworks Solutions
SWKS
$11.2B
| – | – |
-71,920
| Closed | -$7.21M |
|