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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$434M |
| 2 |
SPDR Gold Trust
GLD
|
+$227M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$164M |
| 4 |
Alibaba
BABA
|
+$140M |
| 5 |
iShares MSCI China ETF
MCHI
|
+$117M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$279M |
| 2 |
iShares MSCI Brazil ETF
EWZ
|
+$202M |
| 3 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$115M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$106M |
| 5 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$97.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 9.21% |
| 2 | Communication Services | 2.72% |
| 3 | Industrials | 2.16% |
| 4 | Technology | 1.45% |
| 5 | Consumer Staples | 1.33% |
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Bridgewater Associates's Q2 2020 Portfolio in Review
As of Q2 2020, Bridgewater Associates held 536 positions worth $5.96B, up 18% from $5.04B the previous quarter. Its ten largest holdings account for 76% of the portfolio.
Bridgewater Associates's Q2 2020 filing shows 137 new, 68 increased, 177 reduced and 153 closed positions. Its largest new stake was United Parcel Service: 55,861 shares worth $6.21M. The largest sale was iShares 20+ Year Treasury Bond ETF, an estimated $279M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 9.2% of assets, up from 4% a quarter earlier, followed by Communication Services and Industrials.
- Bridgewater Associates's largest Q2 2020 buy was United Parcel Service: 55,861 shares worth $6.21M.
- Bridgewater Associates added most to State Street SPDR S&P 500 ETF Trust in Q2 2020, an estimated $434M increase.
- Bridgewater Associates's biggest Q2 2020 reduction was iShares MSCI Brazil ETF, cutting an estimated $202M.
- Bridgewater Associates fully exited iShares 20+ Year Treasury Bond ETF in Q2 2020, selling an estimated $279M.
- Bridgewater Associates's ten largest holdings make up 76% of its $5.96B portfolio in Q2 2020.
- Bridgewater Associates opened 137 new positions and closed 153 in Q2 2020.
- Bridgewater Associates's portfolio value rose 18% quarter-over-quarter to $5.96B.
Based on Bridgewater Associates's 13F filing for Q2 2020, filed 12 Aug 2020.