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 | |
|---|---|---|---|---|---|---|
601
Edison International
EIX
$30.3B
| $943K | 0.01% |
+16,317
| New | +$949K |
|
|
NTUS
602
DELISTED
Natus Medical Inc
NTUS
| $931K | 0.01% |
+35,852
| New | +$975K |
|
603
IQVIA
IQV
$39.1B
| $905K | 0.01% |
+3,734
| New | +$862K |
|
604
Hartford Financial Services
HIG
$39.2B
| $877K | 0.01% |
14,153
-2,687
| -16% | -$176K |
|
605
CME Group
CME
$96.1B
| $850K | 0.01% |
3,998
+180
| +5% | +$38K |
|
606
Brookfield
BN
$103B
| $837K | 0.01% |
30,404
-213
| -0.7% | -$5.46K |
|
607
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.07B
| $836K | 0.01% |
+7,600
| New | +$829K |
|
608
Tenet Healthcare
THC
$21.8B
| $819K | 0.01% |
+12,224
| New | +$758K |
|
|
ALXN
609
DELISTED
Alexion Pharmaceuticals
ALXN
| $790K | 0.01% |
4,302
-1,909
| -31% | -$328K |
|
610
GoDaddy
GDDY
$13.2B
| $774K | 0.01% |
+8,899
| New | +$743K |
|
|
CTLT
611
DELISTED
CATALENT, INC.
CTLT
| $773K | 0.01% |
+7,149
| New | +$766K |
|
612
OraSure Technologies
OSUR
$273M
| $772K | 0.01% |
+76,139
| New | +$741K |
|
613
Franco-Nevada
FNV
$42.7B
| $770K | ﹤0.01% |
5,297
-640
| -11% | -$92.6K |
|
614
Royalty Pharma
RPRX
$26.2B
| $752K | ﹤0.01% |
+18,347
| New | +$780K |
|
615
MetLife
MET
$62.5B
| $747K | ﹤0.01% |
+12,478
| New | +$791K |
|
616
Sun Communities
SUI
$15.3B
| $733K | ﹤0.01% |
4,276
-2,149
| -33% | -$356K |
|
617
Cameco
CCJ
$38.4B
| $718K | ﹤0.01% |
37,415
-8,733
| -19% | -$165K |
|
618
Teledyne Technologies
TDY
$30.1B
| $716K | ﹤0.01% |
+1,710
| New | +$726K |
|
619
Meta Platforms (Facebook)
META
$1.37T
| $703K | ﹤0.01% |
2,021
-6
| -0.3% | -$1.93K |
|
620
Equity Lifestyle Properties
ELS
$12.7B
| $698K | ﹤0.01% |
9,393
-3,740
| -28% | -$265K |
|
621
Eldorado Gold
EGO
$8.53B
| $696K | ﹤0.01% |
69,999
-1,302
| -2% | -$14.5K |
|
622
Warner Bros
WBD
$63.9B
| $685K | ﹤0.01% |
22,324
+11,773
| +112% | +$408K |
|
623
Consolidated Edison
ED
$40.4B
| $683K | ﹤0.01% |
+9,517
| New | +$731K |
|
624
Cenovus Energy
CVE
$56.5B
| $678K | ﹤0.01% |
70,842
| – | – |
|
625
Capitol Federal Financial
CFFN
$1.1B
| $668K | ﹤0.01% |
56,680
+4,706
| +9% | +$60.4K |
|
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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.