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
|
$84M |
| 2 |
Royal Bank of Canada
RY
|
$32.3M |
| 3 |
Toronto Dominion Bank
TD
|
$32M |
| 4 |
Cummins
CMI
|
$31.3M |
| 5 |
Toll Brothers
TOL
|
$29.5M |
Top Sells
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
$176M |
| 2 |
SPDR S&P 500 ETF Trust
SPY
|
$148M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
$71M |
| 4 |
NFX
Newfield Exploration
NFX
|
$34.3M |
| 5 |
Procter & Gamble
PG
|
$30.9M |
Sector Composition
| 1 | Financials | 3.42% |
| 2 | Healthcare | 2.95% |
| 3 | Consumer Discretionary | 2.83% |
| 4 | Energy | 2.39% |
| 5 | Industrials | 2.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
TC Energy
TRP
$53.9B
| $17.1M | 0.17% |
394,302
+266,957
| +210% | +$11.5M |
|
52
Alibaba
BABA
$323B
| $15.7M | 0.16% |
+84,629
| New | +$15.7M |
|
53
Canadian Imperial Bank of Commerce
CM
$72.8B
| $15.3M | 0.15% |
352,260
+266,552
| +311% | +$11.6M |
|
54
Bristol-Myers Squibb
BMY
$96B
| $15.1M | 0.15% |
+273,634
| New | +$15.1M |
|
|
BBBY
55
DELISTED
Bed Bath & Beyond Inc
BBBY
| $14.9M | 0.15% |
746,019
-750,098
| -50% | -$14.9M |
|
56
Brookfield
BN
$99.5B
| $14.6M | 0.15% |
671,581
+464,861
| +225% | +$10.1M |
|
57
Walmart
WMT
$801B
| $14.4M | 0.14% |
+504,657
| New | +$14.4M |
|
58
Nutrien
NTR
$27.4B
| $14.3M | 0.14% |
262,788
+190,027
| +261% | +$10.3M |
|
59
IBM
IBM
$232B
| $14.3M | 0.14% |
106,701
+78,787
| +282% | +$10.5M |
|
60
Pfizer
PFE
$141B
| $14M | 0.14% |
407,167
+202,352
| +99% | +$6.97M |
|
61
Manulife Financial
MFC
$52.1B
| $13.9M | 0.14% |
774,960
+561,211
| +263% | +$10.1M |
|
62
BCE
BCE
$23.1B
| $13.6M | 0.14% |
335,333
+253,302
| +309% | +$10.3M |
|
63
Johnson & Johnson
JNJ
$430B
| $13.3M | 0.13% |
+109,950
| New | +$13.3M |
|
64
United Rentals
URI
$62.7B
| $12.6M | 0.13% |
85,662
+54,774
| +177% | +$8.09M |
|
65
Lockheed Martin
LMT
$108B
| $12.4M | 0.12% |
+41,875
| New | +$12.4M |
|
66
Akamai
AKAM
$11.3B
| $12.2M | 0.12% |
+166,054
| New | +$12.2M |
|
67
Pultegroup
PHM
$27.7B
| $11.8M | 0.12% |
+409,300
| New | +$11.8M |
|
68
Merck
MRK
$212B
| $11.5M | 0.11% |
198,165
-7,253
| -4% | -$420K |
|
|
DISCA
69
DELISTED
Discovery, Inc. Series A Common Stock
DISCA
| $11.2M | 0.11% |
408,655
+268,497
| +192% | +$7.38M |
|
70
Prudential Financial
PRU
$37.2B
| $11.1M | 0.11% |
119,177
+102,693
| +623% | +$9.6M |
|
71
Canadian Pacific Kansas City
CP
$70.3B
| $11.1M | 0.11% |
303,535
+213,660
| +238% | +$7.83M |
|
72
LyondellBasell Industries
LYB
$17.7B
| $10.8M | 0.11% |
98,512
+1,866
| +2% | +$205K |
|
73
International Paper
IP
$25.7B
| $10.6M | 0.11% |
215,610
-24,101
| -10% | -$1.19M |
|
74
Sun Life Financial
SLF
$32.4B
| $10.5M | 0.11% |
262,520
+182,000
| +226% | +$7.31M |
|
75
PPL Corp
PPL
$26.6B
| $9.98M | 0.1% |
349,448
-314,733
| -47% | -$8.99M |
|