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
| 1 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
$967M |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
$412M |
| 3 |
SPDR Gold Trust
GLD
|
$403M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
$399M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
$169M |
Top Sells
| 1 |
iShares MSCI South Korea ETF
EWY
|
$92.6M |
| 2 |
SPDR S&P 500 ETF Trust
SPY
|
$28.5M |
| 3 |
SWN
Southwestern Energy Company
SWN
|
$26.3M |
| 4 |
CHK
Chesapeake Energy Corporation
CHK
|
$26.1M |
| 5 |
Intel
INTC
|
$23.2M |
Sector Composition
| 1 | Consumer Discretionary | 1.98% |
| 2 | Healthcare | 1.54% |
| 3 | Financials | 1.2% |
| 4 | Technology | 1.1% |
| 5 | Energy | 1.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Edwards Lifesciences
EW
$47.5B
| $13.1M | 0.09% |
359,241
+237,159
| +194% | +$8.64M |
|
52
AutoZone
AZO
$70.6B
| $12.8M | 0.09% |
21,499
+9,742
| +83% | +$5.8M |
|
|
VIAB
53
DELISTED
Viacom Inc. Class B
VIAB
| $12.7M | 0.09% |
+456,647
| New | +$12.7M |
|
54
Illumina
ILMN
$15.7B
| $12.6M | 0.08% |
64,776
+45,529
| +237% | +$8.82M |
|
|
CELG
55
DELISTED
Celgene Corp
CELG
| $12.4M | 0.08% |
85,286
+44,485
| +109% | +$6.49M |
|
56
AT&T
T
$212B
| $12.4M | 0.08% |
419,848
+288,323
| +219% | +$8.53M |
|
|
X
57
DELISTED
US Steel
X
| $12.4M | 0.08% |
+483,882
| New | +$12.4M |
|
58
Tyson Foods
TSN
$20B
| $12.4M | 0.08% |
175,685
+51,040
| +41% | +$3.6M |
|
59
PVH
PVH
$4.22B
| $12.2M | 0.08% |
96,884
+4,667
| +5% | +$588K |
|
|
JNPR
60
DELISTED
Juniper Networks
JNPR
| $12.1M | 0.08% |
433,263
+72,151
| +20% | +$2.01M |
|
61
Kellanova
K
$27.8B
| $12M | 0.08% |
205,580
+180,649
| +725% | +$10.6M |
|
62
NetApp
NTAP
$23.7B
| $12M | 0.08% |
274,012
+152,681
| +126% | +$6.68M |
|
|
NFX
63
DELISTED
Newfield Exploration
NFX
| $12M | 0.08% |
403,483
-422,234
| -51% | -$12.5M |
|
64
Canadian National Railway
CNI
$60.3B
| $11.9M | 0.08% |
144,517
-4,605
| -3% | -$381K |
|
65
Texas Instruments
TXN
$171B
| $11.7M | 0.08% |
130,318
+79,527
| +157% | +$7.13M |
|
66
S&P Global
SPGI
$164B
| $11.5M | 0.08% |
73,830
+49,736
| +206% | +$7.77M |
|
67
Regeneron Pharmaceuticals
REGN
$60.8B
| $11.5M | 0.08% |
+25,700
| New | +$11.5M |
|
68
United Rentals
URI
$62.7B
| $11.5M | 0.08% |
82,627
+12,015
| +17% | +$1.67M |
|
69
TJX Companies
TJX
$155B
| $11.2M | 0.08% |
304,140
+172,204
| +131% | +$6.35M |
|
70
Amgen
AMGN
$153B
| $11.1M | 0.07% |
59,273
+32,857
| +124% | +$6.13M |
|
71
Kohl's
KSS
$1.86B
| $11M | 0.07% |
241,039
-218,437
| -48% | -$9.97M |
|
72
United Therapeutics
UTHR
$18.1B
| $10.9M | 0.07% |
92,770
+18,802
| +25% | +$2.2M |
|
73
Meta Platforms (Facebook)
META
$1.89T
| $10.7M | 0.07% |
+62,833
| New | +$10.7M |
|
74
Canadian Natural Resources
CNQ
$63.2B
| $10.5M | 0.07% |
643,861
-20,267
| -3% | -$332K |
|
75
Masco
MAS
$15.9B
| $9.73M | 0.07% |
249,478
+3,280
| +1% | +$128K |
|