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
|
+$118M |
| 2 |
JPMorgan Chase
JPM
|
+$87.7M |
| 3 |
Bank of America
BAC
|
+$66.7M |
| 4 |
Citigroup
C
|
+$58.3M |
| 5 |
Wells Fargo
WFC
|
+$33.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$227M |
| 2 |
Johnson & Johnson
JNJ
|
+$198M |
| 3 |
Coca-Cola
KO
|
+$184M |
| 4 |
PepsiCo
PEP
|
+$179M |
| 5 |
McDonald's
MCD
|
+$141M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 27.91% |
| 2 | Healthcare | 19.75% |
| 3 | Financials | 10.48% |
| 4 | Consumer Discretionary | 9.62% |
| 5 | Communication Services | 3.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
576
DTE Energy
DTE
$29.5B
| $1.53M | 0.01% |
+12,999
| New | +$1.47M |
|
577
Regal Rexnord
RRX
$14.1B
| $1.53M | 0.01% |
12,729
+8,443
| +197% | +$1.11M |
|
|
SWN
578
DELISTED
Southwestern Energy Company
SWN
| $1.53M | 0.01% |
260,739
-1,028,223
| -80% | -$6.76M |
|
579
Molina Healthcare
MOH
$10.2B
| $1.5M | 0.01% |
+4,534
| New | +$1.54M |
|
580
HP
HPQ
$24.8B
| $1.49M | 0.01% |
55,578
+28,752
| +107% | +$796K |
|
581
Gen Digital
GEN
$16.9B
| $1.49M | 0.01% |
69,544
-48,338
| -41% | -$1.07M |
|
|
RCM
582
DELISTED
R1 RCM Inc. Common Stock
RCM
| $1.47M | 0.01% |
134,642
-48,768
| -27% | -$619K |
|
|
AVNS
583
DELISTED
Avanos Medical
AVNS
| $1.47M | 0.01% |
54,265
-18,638
| -26% | -$456K |
|
|
FLG
584
Flagstar Bank National Association
FLG
$5.93B
| $1.46M | 0.01% |
56,772
+18,361
| +48% | +$492K |
|
585
Outset Medical
OM
$92.5M
| $1.46M | 0.01% |
3,763
-1,259
| -25% | -$355K |
|
586
Coty
COTY
$2.46B
| $1.46M | 0.01% |
170,238
-20,096
| -11% | -$148K |
|
587
Beyond Meat
BYND
$316M
| $1.44M | 0.01% |
117,303
-51,950
| -31% | -$724K |
|
588
MDU Resources
MDU
$4.2B
| $1.43M | 0.01% |
124,196
+41,791
| +51% | +$470K |
|
589
Brink's
BCO
$4.76B
| $1.42M | 0.01% |
26,350
-21,302
| -45% | -$1.23M |
|
590
TransUnion
TRU
$15.3B
| $1.41M | 0.01% |
24,814
+17,655
| +247% | +$1.03M |
|
591
Group 1 Automotive
GPI
$3.48B
| $1.4M | 0.01% |
7,782
-19,239
| -71% | -$3.39M |
|
592
Welltower
WELL
$168B
| $1.4M | 0.01% |
21,407
+4,021
| +23% | +$259K |
|
593
Moderna
MRNA
$22B
| $1.38M | 0.01% |
7,677
-9,758
| -56% | -$1.6M |
|
594
Dillards
DDS
$9.57B
| $1.38M | 0.01% |
+4,263
| New | +$1.39M |
|
595
Itron
ITRI
$4.42B
| $1.38M | 0.01% |
27,199
-1,264
| -4% | -$62.5K |
|
596
Equinix
EQIX
$102B
| $1.38M | 0.01% |
2,100
-1,918
| -48% | -$1.18M |
|
|
CTLT
597
DELISTED
CATALENT, INC.
CTLT
| $1.35M | 0.01% |
29,886
+14,405
| +93% | +$783K |
|
598
Tootsie Roll Industries
TR
$2.96B
| $1.34M | 0.01% |
+35,548
| New | +$1.3M |
|
599
Okta
OKTA
$24.6B
| $1.34M | 0.01% |
19,644
+13,293
| +209% | +$759K |
|
|
MODV
600
DELISTED
ModivCare
MODV
| $1.34M | 0.01% |
14,894
-5,105
| -26% | -$455K |
|
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Bridgewater Associates's Q4 2022 Portfolio in Review
As of Q4 2022, Bridgewater Associates held 953 positions worth $18.3B, down 7.3% from $19.8B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Bridgewater Associates withdrew a net $3.25B in Q4 2022, closing 133 positions and reducing 457 holdings. Its most notable exit was Advanced Micro Devices, an estimated $45.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, down from 30% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Bridgewater Associates opened a new position in JPMorgan Chase worth $92.8M.
- Bridgewater Associates's largest Q4 2022 buy was JPMorgan Chase: 692,356 shares worth $92.8M.
- Bridgewater Associates added most to iShares Core S&P 500 ETF in Q4 2022, an estimated $118M increase.
- Bridgewater Associates's biggest Q4 2022 reduction was Procter & Gamble, cutting an estimated $227M.
- Bridgewater Associates fully exited Advanced Micro Devices in Q4 2022, selling an estimated $45.8M.
- Bridgewater Associates's ten largest holdings make up 32% of its $18.3B portfolio in Q4 2022.
- Bridgewater Associates opened 87 new positions and closed 133 in Q4 2022.
- Bridgewater Associates's portfolio value fell 7.3% quarter-over-quarter to $18.3B.
Based on Bridgewater Associates's 13F filing for Q4 2022, filed 13 Feb 2023.