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 |
PG&E
PCG
|
$38M |
| 2 |
iShares MSCI Brazil ETF
EWZ
|
$37.4M |
| 3 |
CVS Health
CVS
|
$30.5M |
| 4 |
Cardinal Health
CAH
|
$29.1M |
| 5 |
CELG
Celgene Corp
CELG
|
$21.4M |
Top Sells
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
$1.55B |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
$890M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
$526M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
$42.8M |
| 5 |
Kroger
KR
|
$42.3M |
Sector Composition
| 1 | Healthcare | 1.72% |
| 2 | Consumer Discretionary | 1.46% |
| 3 | Financials | 1.05% |
| 4 | Materials | 0.96% |
| 5 | Energy | 0.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Martin Marietta Materials
MLM
$37.5B
| $9.92M | 0.08% |
+44,856
| New | +$9.92M |
|
|
PARA
52
DELISTED
Paramount Global Class B
PARA
| $9.57M | 0.08% |
162,176
+56,748
| +54% | +$3.35M |
|
53
Suncor Energy
SU
$48.5B
| $9.42M | 0.08% |
255,826
-153,545
| -38% | -$5.66M |
|
54
PepsiCo
PEP
$200B
| $9.05M | 0.07% |
75,499
-11,409
| -13% | -$1.37M |
|
55
Devon Energy
DVN
$22.1B
| $9.05M | 0.07% |
218,491
-332,411
| -60% | -$13.8M |
|
56
FirstEnergy
FE
$25.1B
| $8.67M | 0.07% |
283,237
+76,970
| +37% | +$2.36M |
|
57
Merck
MRK
$212B
| $8.62M | 0.07% |
+160,560
| New | +$8.62M |
|
58
AT&T
T
$212B
| $8.37M | 0.07% |
284,968
-134,880
| -32% | -$3.96M |
|
|
ALXN
59
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $7.8M | 0.06% |
65,212
-52,206
| -44% | -$6.24M |
|
|
DISH
60
DELISTED
DISH Network Corp.
DISH
| $7.61M | 0.06% |
159,451
+106,667
| +202% | +$5.09M |
|
61
Canadian Natural Resources
CNQ
$63.2B
| $7.6M | 0.06% |
432,755
-211,106
| -33% | -$3.71M |
|
62
McKesson
MCK
$85.5B
| $7.51M | 0.06% |
48,153
+13,807
| +40% | +$2.15M |
|
63
PVH
PVH
$4.22B
| $7.41M | 0.06% |
54,011
-42,873
| -44% | -$5.88M |
|
|
XLNX
64
DELISTED
Xilinx Inc
XLNX
| $7.38M | 0.06% |
109,432
+74,029
| +209% | +$4.99M |
|
65
Skyworks Solutions
SWKS
$11.2B
| $7.06M | 0.06% |
74,368
+14,053
| +23% | +$1.33M |
|
|
JNPR
66
DELISTED
Juniper Networks
JNPR
| $7.03M | 0.06% |
246,506
-186,757
| -43% | -$5.32M |
|
67
Capri Holdings
CPRI
$2.53B
| $6.92M | 0.06% |
109,951
-354,486
| -76% | -$22.3M |
|
68
Canadian National Railway
CNI
$60.3B
| $6.87M | 0.06% |
83,075
-61,442
| -43% | -$5.08M |
|
|
NFX
69
DELISTED
Newfield Exploration
NFX
| $6.82M | 0.06% |
216,172
-187,311
| -46% | -$5.91M |
|
70
Liberty Global Class A
LBTYA
$4.05B
| $6.56M | 0.05% |
183,132
+82,732
| +82% | +$2.96M |
|
71
F5
FFIV
$18.1B
| $6.39M | 0.05% |
48,696
+41,722
| +598% | +$5.47M |
|
72
Welltower
WELL
$112B
| $6.36M | 0.05% |
99,785
+75,128
| +305% | +$4.79M |
|
73
TC Energy
TRP
$53.9B
| $6.33M | 0.05% |
129,668
-60,100
| -32% | -$2.93M |
|
74
AutoZone
AZO
$70.6B
| $6.3M | 0.05% |
8,861
-12,638
| -59% | -$8.99M |
|
75
Applied Materials
AMAT
$130B
| $6M | 0.05% |
117,284
-60,363
| -34% | -$3.09M |
|