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 |
Alphabet (Google) Class A
GOOGL
|
+$476M |
| 2 |
Apple
AAPL
|
+$335M |
| 3 |
NVIDIA
NVDA
|
+$316M |
| 4 |
Amazon
AMZN
|
+$175M |
| 5 |
Microsoft
MSFT
|
+$155M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinduoduo
PDD
|
+$117M |
| 2 |
Costco
COST
|
+$109M |
| 3 |
Coca-Cola
KO
|
+$103M |
| 4 |
Cisco
CSCO
|
+$90M |
| 5 |
Procter & Gamble
PG
|
+$84.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 18.93% |
| 2 | Healthcare | 17.5% |
| 3 | Technology | 13.05% |
| 4 | Consumer Discretionary | 11.08% |
| 5 | Communication Services | 9.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Copart
CPRT
$27.2B
| $666K | ﹤0.01% |
11,494
-121,952
| -91% | -$6.27M |
|
602
Teva Pharmaceuticals
TEVA
$40.1B
| $658K | ﹤0.01% |
46,661
-26,413
| -36% | -$333K |
|
603
Digital Realty Trust
DLR
$71.7B
| $652K | ﹤0.01% |
4,524
-4,178
| -48% | -$590K |
|
|
CCRN
604
DELISTED
Cross Country Healthcare
CCRN
| $650K | ﹤0.01% |
34,711
-12,882
| -27% | -$258K |
|
|
SRCL
605
DELISTED
Stericycle Inc
SRCL
| $630K | ﹤0.01% |
+11,951
| New | +$601K |
|
606
Air Products & Chemicals
APD
$65.6B
| $629K | ﹤0.01% |
2,596
-2,585
| -50% | -$633K |
|
607
Enovis
ENOV
$1.78B
| $622K | ﹤0.01% |
9,957
-1,935
| -16% | -$116K |
|
608
HF Sinclair
DINO
$15.7B
| $620K | ﹤0.01% |
10,269
-128,370
| -93% | -$7.3M |
|
609
RPM International
RPM
$14.7B
| $616K | ﹤0.01% |
+5,181
| New | +$576K |
|
610
Molina Healthcare
MOH
$9.99B
| $610K | ﹤0.01% |
1,484
-8,023
| -84% | -$3.11M |
|
611
AvalonBay Communities
AVB
$27B
| $603K | ﹤0.01% |
3,250
-6,394
| -66% | -$1.15M |
|
|
JOYY
612
JOYY Inc
JOYY
$3.77B
| $594K | ﹤0.01% |
19,306
-68,654
| -78% | -$2.18M |
|
|
ATRI
613
DELISTED
Atrion Corp
ATRI
| $577K | ﹤0.01% |
1,245
-218
| -15% | -$81.8K |
|
614
SI-BONE Inc
SIBN
$818M
| $572K | ﹤0.01% |
34,943
-7,289
| -17% | -$137K |
|
615
Blackstone
BX
$110B
| $569K | ﹤0.01% |
4,335
-20,275
| -82% | -$2.53M |
|
616
Host Hotels & Resorts
HST
$17.1B
| $567K | ﹤0.01% |
27,420
-37,619
| -58% | -$756K |
|
617
Arista Networks
ANET
$240B
| $567K | ﹤0.01% |
7,820
-904
| -10% | -$61K |
|
618
International Flavors & Fragrances
IFF
$20.7B
| $565K | ﹤0.01% |
6,566
-4,928
| -43% | -$396K |
|
619
Agilent Technologies
A
$39.3B
| $560K | ﹤0.01% |
3,848
-5,809
| -60% | -$796K |
|
620
Varex Imaging
VREX
$521M
| $517K | ﹤0.01% |
28,580
+16,745
| +141% | +$307K |
|
621
West Pharmaceutical
WST
$24.5B
| $511K | ﹤0.01% |
1,292
-3,101
| -71% | -$1.15M |
|
622
Stantec
STN
$8.28B
| $507K | ﹤0.01% |
6,105
-5,622
| -48% | -$462K |
|
623
Carlisle Companies
CSL
$15.3B
| $504K | ﹤0.01% |
1,286
-6,511
| -84% | -$2.21M |
|
624
Palo Alto Networks
PANW
$299B
| $503K | ﹤0.01% |
3,542
-17,158
| -83% | -$2.71M |
|
625
Mine Safety
MSA
$7.45B
| $501K | ﹤0.01% |
2,587
-4,948
| -66% | -$870K |
|
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Bridgewater Associates's Q1 2024 Portfolio in Review
As of Q1 2024, Bridgewater Associates held 814 positions worth $19.8B, up 11% from $17.9B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Bridgewater Associates's Q1 2024 filing shows 72 new, 203 increased, 394 reduced and 137 closed positions. Its largest new stake was Amazon: 1,047,891 shares worth $189M. The largest sale was Pinduoduo, an estimated $117M.
By sector, the portfolio is most concentrated in Consumer Staples at 19% of assets, down from 24% a quarter earlier, followed by Healthcare and Technology.
- Bridgewater Associates's largest Q1 2024 buy was Amazon: 1,047,891 shares worth $189M.
- Bridgewater Associates added most to Alphabet (Google) Class A in Q1 2024, an estimated $476M increase.
- Bridgewater Associates's biggest Q1 2024 reduction was Pinduoduo, cutting an estimated $117M.
- Bridgewater Associates fully exited American Homes 4 Rent in Q1 2024, selling an estimated $21.4M.
- Bridgewater Associates's ten largest holdings make up 32% of its $19.8B portfolio in Q1 2024.
- Bridgewater Associates opened 72 new positions and closed 137 in Q1 2024.
- Bridgewater Associates's portfolio value rose 11% quarter-over-quarter to $19.8B.
Based on Bridgewater Associates's 13F filing for Q1 2024, filed 14 May 2024.