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 |
Lam Research
LRCX
|
+$182M |
| 2 |
Qualcomm
QCOM
|
+$134M |
| 3 |
Apple
AAPL
|
+$126M |
| 4 |
Constellation Energy
CEG
|
+$114M |
| 5 |
Broadcom
AVGO
|
+$114M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$338M |
| 2 |
Johnson & Johnson
JNJ
|
+$276M |
| 3 |
Walmart Inc
WMT
|
+$270M |
| 4 |
Costco
COST
|
+$236M |
| 5 |
McDonald's
MCD
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.57% |
| 2 | Consumer Discretionary | 11.09% |
| 3 | Healthcare | 10.72% |
| 4 | Consumer Staples | 9.72% |
| 5 | Communication Services | 9.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
576
Performance Food Group
PFGC
$17.7B
| $1.18M | 0.01% |
15,074
-24,956
| -62% | -$1.75M |
|
|
BECN
577
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $1.18M | 0.01% |
13,649
-208,129
| -94% | -$18.5M |
|
578
Saic
SAIC
$5.14B
| $1.16M | 0.01% |
8,329
-10,756
| -56% | -$1.36M |
|
|
EFOR
579
Everforth Inc
EFOR
$1.21B
| $1.15M | 0.01% |
12,329
-27,824
| -69% | -$2.58M |
|
580
Chewy
CHWY
$9.75B
| $1.15M | 0.01% |
+39,229
| New | +$1.05M |
|
581
Papa John's
PZZA
$1.01B
| $1.13M | 0.01% |
20,954
-47,442
| -69% | -$2.18M |
|
582
Penumbra
PEN
$12.8B
| $1.12M | 0.01% |
5,789
-13,613
| -70% | -$2.57M |
|
583
Reynolds Consumer Products
REYN
$5.47B
| $1.12M | 0.01% |
36,155
-40,263
| -53% | -$1.19M |
|
584
Sun Life Financial
SLF
$45.5B
| $1.12M | 0.01% |
19,347
+6,081
| +46% | +$318K |
|
585
Conagra Brands
CAG
$7.15B
| $1.09M | 0.01% |
+33,560
| New | +$1.03M |
|
586
Glaukos
GKOS
$9.91B
| $1.09M | 0.01% |
8,374
-860
| -9% | -$107K |
|
587
Tandem Diabetes Care
TNDM
$1.42B
| $1.09M | 0.01% |
25,635
+13,299
| +108% | +$564K |
|
588
Amgen
AMGN
$209B
| $1.09M | 0.01% |
3,372
-5,354
| -61% | -$1.75M |
|
589
Aptiv
APTV
$10B
| $1.08M | 0.01% |
+14,933
| New | +$1.04M |
|
590
Choice Hotels
CHH
$5.02B
| $1.07M | 0.01% |
8,237
-14,964
| -64% | -$1.88M |
|
591
UFP Technologies
UFPT
$2.51B
| $1.07M | 0.01% |
3,388
-2,587
| -43% | -$825K |
|
592
Addus HomeCare
ADUS
$2.14B
| $1.07M | 0.01% |
8,019
-7,167
| -47% | -$905K |
|
593
Houlihan Lokey
HLI
$8.93B
| $1.07M | 0.01% |
6,749
+267
| +4% | +$39.9K |
|
594
Snowflake
SNOW
$110B
| $1.06M | 0.01% |
9,210
-76,505
| -89% | -$9.41M |
|
595
Energizer
ENR
$1.45B
| $1.06M | 0.01% |
33,224
-14,767
| -31% | -$445K |
|
596
Belden
BDC
$5B
| $1.04M | 0.01% |
8,870
-1,134
| -11% | -$114K |
|
597
Teladoc Health
TDOC
$1.18B
| $1.04M | 0.01% |
112,806
-123,580
| -52% | -$1.02M |
|
598
Maximus
MMS
$3.3B
| $1.03M | 0.01% |
11,103
+6,469
| +140% | +$578K |
|
|
SF
599
Stifel
SF
$12.8B
| $1.02M | 0.01% |
16,224
-4,722
| -23% | -$269K |
|
|
MASI
600
DELISTED
Masimo
MASI
| $1.02M | 0.01% |
7,617
-2,845
| -27% | -$330K |
|
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Bridgewater Associates's Q3 2024 Portfolio in Review
As of Q3 2024, Bridgewater Associates held 956 positions worth $17.7B, down 7.8% from $19.2B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Bridgewater Associates withdrew a net $2.45B in Q3 2024, closing 183 positions and reducing 428 holdings. Its most notable exit was Walt Disney, an estimated $19.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Bridgewater Associates opened a new position in Micron Technology worth $102M.
- Bridgewater Associates's largest Q3 2024 buy was Micron Technology: 983,685 shares worth $102M.
- Bridgewater Associates added most to Lam Research in Q3 2024, an estimated $182M increase.
- Bridgewater Associates's biggest Q3 2024 reduction was Procter & Gamble, cutting an estimated $338M.
- Bridgewater Associates fully exited Walt Disney in Q3 2024, selling an estimated $19.4M.
- Bridgewater Associates's ten largest holdings make up 32% of its $17.7B portfolio in Q3 2024.
- Bridgewater Associates opened 79 new positions and closed 183 in Q3 2024.
- Bridgewater Associates's portfolio value fell 7.8% quarter-over-quarter to $17.7B.
Based on Bridgewater Associates's 13F filing for Q3 2024, filed 13 Nov 2024.