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 | |
|---|---|---|---|---|---|---|
501
Valley National Bancorp
VLY
$7.92B
| $1.85M | 0.01% |
137,937
+17,369
| +14% | +$243K |
|
502
International Paper
IP
$22.8B
| $1.84M | 0.01% |
+31,712
| New | +$1.81M |
|
503
Ventas
VTR
$44.7B
| $1.83M | 0.01% |
+32,136
| New | +$1.79M |
|
|
NATI
504
DELISTED
National Instruments Corp
NATI
| $1.83M | 0.01% |
+43,307
| New | +$1.82M |
|
505
BlackBerry
BB
$4.95B
| $1.82M | 0.01% |
149,040
+106,368
| +249% | +$1.11M |
|
|
HUYA
506
Huya Inc
HUYA
$570M
| $1.82M | 0.01% |
103,304
-1,307
| -1% | -$21.9K |
|
507
Cheesecake Factory
CAKE
$5.03B
| $1.82M | 0.01% |
+33,637
| New | +$1.95M |
|
|
API
508
Agora
API
$337M
| $1.81M | 0.01% |
+43,207
| New | +$2M |
|
|
AVNS
509
DELISTED
Avanos Medical
AVNS
| $1.8M | 0.01% |
+49,638
| New | +$2.05M |
|
|
CSII
510
DELISTED
Cardiovascular Systems, Inc.
CSII
| $1.78M | 0.01% |
+41,653
| New | +$1.63M |
|
511
Okta
OKTA
$24.4B
| $1.77M | 0.01% |
+7,256
| New | +$1.75M |
|
512
Graham Holdings Company
GHC
$5.28B
| $1.76M | 0.01% |
+2,773
| New | +$1.79M |
|
|
FLG
513
Flagstar Bank National Association
FLG
$5.94B
| $1.76M | 0.01% |
53,174
+2,986
| +6% | +$107K |
|
|
CGC
514
Canopy Growth
CGC
$388M
| $1.76M | 0.01% |
7,251
+34
| +0.5% | +$8.71K |
|
515
Akamai
AKAM
$16.5B
| $1.75M | 0.01% |
+15,047
| New | +$1.68M |
|
516
Dell
DELL
$262B
| $1.71M | 0.01% |
+33,894
| New | +$1.7M |
|
|
SILK
517
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $1.71M | 0.01% |
+35,726
| New | +$1.82M |
|
|
TIGR
518
UP Fintech Holding
TIGR
$872M
| $1.69M | 0.01% |
+58,359
| New | +$1.24M |
|
519
John B. Sanfilippo & Son
JBSS
$954M
| $1.69M | 0.01% |
+19,052
| New | +$1.73M |
|
520
Wolfspeed
WOLF
$1.24B
| $1.68M | 0.01% |
+17,157
| New | +$1.73M |
|
521
Welltower
WELL
$170B
| $1.66M | 0.01% |
+20,020
| New | +$1.53M |
|
522
Bank OZK
OZK
$5.57B
| $1.64M | 0.01% |
38,965
+182
| +0.5% | +$7.59K |
|
523
Carnival Corporation Ltd
CCL
$38B
| $1.62M | 0.01% |
+61,503
| New | +$1.72M |
|
|
EAR
524
DELISTED
Eargo, Inc. Common Stock
EAR
| $1.61M | 0.01% |
+2,015
| New | +$1.69M |
|
525
Perdoceo Education
PRDO
$2.04B
| $1.6M | 0.01% |
+130,604
| New | +$1.6M |
|
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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.