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 |
iShares Core S&P 500 ETF
IVV
|
+$236M |
| 2 |
CVS Health
CVS
|
+$189M |
| 3 |
Mastercard
MA
|
+$155M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$112M |
| 5 |
Meta Platforms (Facebook)
META
|
+$111M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$814M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$763M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$315M |
| 4 |
SPDR Gold Trust
GLD
|
+$140M |
| 5 |
JD.com
JD
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 25.96% |
| 2 | Healthcare | 19.03% |
| 3 | Consumer Discretionary | 12.6% |
| 4 | Financials | 7.27% |
| 5 | Communication Services | 3.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
551
T. Rowe Price
TROW
$25.6B
| $3.85M | 0.02% |
33,933
-2,346
| -6% | -$298K |
|
552
McCormick & Company Non-Voting
MKC
$13.7B
| $3.85M | 0.02% |
46,228
-8,694
| -16% | -$824K |
|
|
HBI
553
DELISTED
Hanesbrands
HBI
| $3.84M | 0.02% |
373,225
+156,262
| +72% | +$1.94M |
|
554
FirstEnergy
FE
$28.2B
| $3.83M | 0.02% |
99,821
+32,084
| +47% | +$1.37M |
|
555
Brown & Brown
BRO
$23.7B
| $3.83M | 0.02% |
65,610
-4,411
| -6% | -$271K |
|
556
Group 1 Automotive
GPI
$3.53B
| $3.83M | 0.02% |
+22,525
| New | +$3.92M |
|
|
SIVB
557
DELISTED
SVB Financial Group
SIVB
| $3.82M | 0.02% |
9,677
+2,153
| +29% | +$1.01M |
|
558
Interparfums
IPAR
$4.02B
| $3.79M | 0.02% |
51,866
+2,528
| +5% | +$194K |
|
559
Weis Markets
WMK
$1.92B
| $3.77M | 0.02% |
50,544
+2,587
| +5% | +$200K |
|
560
Enovis
ENOV
$1.69B
| $3.76M | 0.02% |
+68,336
| New | +$4.41M |
|
561
Equinix
EQIX
$103B
| $3.73M | 0.02% |
5,680
+1,416
| +33% | +$981K |
|
562
SiriusXM
SIRI
$10.4B
| $3.71M | 0.02% |
60,602
+38,618
| +176% | +$2.4M |
|
563
Matsons
MATX
$6.16B
| $3.7M | 0.02% |
+50,818
| New | +$4.37M |
|
564
IQVIA
IQV
$39.1B
| $3.68M | 0.02% |
16,977
+2,170
| +15% | +$471K |
|
565
SkinHealth Systems
SKIN
$87.6M
| $3.68M | 0.02% |
286,050
+30,498
| +12% | +$409K |
|
566
Integer Holdings
ITGR
$3.42B
| $3.68M | 0.02% |
52,033
+4,757
| +10% | +$363K |
|
|
NOAH
567
Noah Holdings
NOAH
$583M
| $3.66M | 0.02% |
181,038
+8,785
| +5% | +$164K |
|
568
Alcoa
AA
$11.9B
| $3.65M | 0.02% |
80,069
+67,872
| +556% | +$4.4M |
|
569
Teva Pharmaceuticals
TEVA
$41.2B
| $3.65M | 0.02% |
485,043
-56,471
| -10% | -$492K |
|
570
Ashland
ASH
$3.33B
| $3.65M | 0.02% |
35,382
+1,713
| +5% | +$175K |
|
571
Loews
L
$23.9B
| $3.63M | 0.02% |
61,309
+17,042
| +38% | +$1.07M |
|
572
F5
FFIV
$22.1B
| $3.62M | 0.02% |
23,660
-8,306
| -26% | -$1.44M |
|
573
Wolverine World Wide
WWW
$1.64B
| $3.62M | 0.02% |
+179,538
| New | +$3.72M |
|
|
PPL
574
PPL Corp
PPL
$26.8B
| $3.61M | 0.02% |
132,902
+24,816
| +23% | +$712K |
|
575
Sunrun
RUN
$2.27B
| $3.6M | 0.02% |
153,981
+6,743
| +5% | +$162K |
|
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Bridgewater Associates's Q2 2022 Portfolio in Review
As of Q2 2022, Bridgewater Associates held 1,084 positions worth $23.6B, down 4.9% from $24.8B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Bridgewater Associates deployed $1.38B of net new capital in Q2 2022, opening 116 new positions and adding to 613 existing holdings. Its largest new stake was Sea Limited: 459,240 shares worth $30.7M.
By sector, the portfolio is most concentrated in Consumer Staples at 26% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was iShares MSCI Emerging Markets ETF, an estimated $763M trimmed.
- Bridgewater Associates's largest Q2 2022 buy was Sea Limited: 459,240 shares worth $30.7M.
- Bridgewater Associates added most to iShares Core S&P 500 ETF in Q2 2022, an estimated $236M increase.
- Bridgewater Associates's biggest Q2 2022 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $763M.
- Bridgewater Associates fully exited Alibaba in Q2 2022, selling an estimated $814M.
- Bridgewater Associates's ten largest holdings make up 29% of its $23.6B portfolio in Q2 2022.
- Bridgewater Associates opened 116 new positions and closed 99 in Q2 2022.
- Bridgewater Associates's portfolio value fell 4.9% quarter-over-quarter to $23.6B.
Based on Bridgewater Associates's 13F filing for Q2 2022, filed 11 Aug 2022.