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 | |
|---|---|---|---|---|---|---|
676
Huntington Ingalls Industries
HII
$11B
| $330K | ﹤0.01% |
1,568
-648
| -29% | -$138K |
|
677
AerCap
AER
$23.4B
| $323K | ﹤0.01% |
+6,308
| New | +$364K |
|
678
AT&T
T
$164B
| $322K | ﹤0.01% |
+14,812
| New | +$337K |
|
679
Ionis Pharmaceuticals
IONS
$8.93B
| $318K | ﹤0.01% |
+7,981
| New | +$313K |
|
|
CVA
680
DELISTED
Covanta Holding Corporation
CVA
| $316K | ﹤0.01% |
+17,971
| New | +$273K |
|
681
Exelixis
EXEL
$13.9B
| $306K | ﹤0.01% |
+16,821
| New | +$392K |
|
682
Salesforce
CRM
$154B
| $303K | ﹤0.01% |
+1,240
| New | +$286K |
|
683
RenaissanceRe
RNR
$13.8B
| $301K | ﹤0.01% |
2,024
-1,170
| -37% | -$186K |
|
684
EOG Resources
EOG
$77.7B
| $300K | ﹤0.01% |
3,600
+556
| +18% | +$44K |
|
685
Sarepta Therapeutics
SRPT
$1.64B
| $298K | ﹤0.01% |
3,838
-370
| -9% | -$28.1K |
|
686
Constellium
CSTM
$3.76B
| $295K | ﹤0.01% |
+15,546
| New | +$268K |
|
|
DOO
687
Bombardier Recreational Products
DOO
$4.48B
| $294K | ﹤0.01% |
3,758
-1,609
| -30% | -$136K |
|
688
Clean Harbors
CLH
$17.2B
| $287K | ﹤0.01% |
+3,083
| New | +$280K |
|
689
Vermilion Energy
VET
$1.66B
| $286K | ﹤0.01% |
32,556
| – | – |
|
690
Wendy's
WEN
$1.46B
| $281K | ﹤0.01% |
+12,000
| New | +$275K |
|
691
LiveRamp
RAMP
$2.29B
| $275K | ﹤0.01% |
+5,872
| New | +$282K |
|
692
Automatic Data Processing
ADP
$109B
| $258K | ﹤0.01% |
+1,297
| New | +$252K |
|
693
BellRing Brands
BRBR
$1.55B
| $239K | ﹤0.01% |
+7,625
| New | +$208K |
|
694
Mastercard
MA
$498B
| $235K | ﹤0.01% |
645
+19
| +3% | +$7.06K |
|
695
Compass Minerals
CMP
$1.23B
| $231K | ﹤0.01% |
+3,899
| New | +$259K |
|
696
CSX Corp
CSX
$94B
| $230K | ﹤0.01% |
7,164
-54,189
| -88% | -$1.79M |
|
697
Healthcare Realty
HR
$7.56B
| $222K | ﹤0.01% |
8,326
-2,022
| -20% | -$57.2K |
|
698
Douglas Emmett
DEI
$2.05B
| $220K | ﹤0.01% |
6,538
-1,726
| -21% | -$58.5K |
|
|
MRSH
699
Marsh
MRSH
$94.3B
| $220K | ﹤0.01% |
+1,567
| New | +$210K |
|
|
MXIM
700
DELISTED
Maxim Integrated Products
MXIM
| $214K | ﹤0.01% |
+2,033
| New | +$199K |
|
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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.