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 | |
|---|---|---|---|---|---|---|
726
Emcor
EME
$35.9B
| – | – |
-25,546
| Closed | -$5.5M |
|
727
Erie Indemnity
ERIE
$12.5B
| – | – |
-15,790
| Closed | -$5.29M |
|
|
ESGR
728
DELISTED
Enstar Group
ESGR
| – | – |
-24,940
| Closed | -$7.34M |
|
729
Essent Group
ESNT
$6.16B
| – | – |
-37,723
| Closed | -$1.99M |
|
730
Entergy
ETR
$50.2B
| – | – |
-13,234
| Closed | -$670K |
|
731
Four Corners Property Trust
FCPT
$2.78B
| – | – |
-50,559
| Closed | -$1.28M |
|
732
Comfort Systems
FIX
$61.7B
| – | – |
-7,854
| Closed | -$1.62M |
|
733
Franco-Nevada
FNV
$41.2B
| – | – |
-20,653
| Closed | -$2.3M |
|
734
Griffon
GFF
$4.06B
| – | – |
-21,231
| Closed | -$1.29M |
|
735
Green Plains
GPRE
$1.15B
| – | – |
-79,573
| Closed | -$2.01M |
|
736
Green Brick Partners
GRBK
$3.08B
| – | – |
-22,221
| Closed | -$1.15M |
|
737
Home Depot
HD
$337B
| – | – |
-1,464
| Closed | -$507K |
|
738
Houlihan Lokey
HLI
$8.64B
| – | – |
-14,377
| Closed | -$1.72M |
|
739
Hamilton Lane
HLNE
$5.21B
| – | – |
-12,594
| Closed | -$1.43M |
|
740
Hewlett Packard
HPE
$66.1B
| – | – |
-562,336
| Closed | -$9.55M |
|
741
Interactive Brokers
IBKR
$38.9B
| – | – |
-740,392
| Closed | -$15.3M |
|
742
Installed Building Products
IBP
$6.16B
| – | – |
-8,013
| Closed | -$1.46M |
|
743
Intercontinental Exchange
ICE
$85.5B
| – | – |
-36,084
| Closed | -$4.63M |
|
|
JNPR
744
DELISTED
Juniper Networks
JNPR
| – | – |
-282,598
| Closed | -$8.33M |
|
745
Korn Ferry
KFY
$4.22B
| – | – |
-7,219
| Closed | -$428K |
|
746
Kinsale Capital Group
KNSL
$8.16B
| – | – |
-7,953
| Closed | -$2.66M |
|
747
Lamar Advertising Co
LAMR
$15.9B
| – | – |
-18,218
| Closed | -$1.94M |
|
748
L3Harris
LHX
$51.4B
| – | – |
-4,094
| Closed | -$862K |
|
749
Lennox International
LII
$14.8B
| – | – |
-13,565
| Closed | -$6.07M |
|
750
Lufax Holding
LU
$1.32B
| – | – |
-445,703
| Closed | -$1.37M |
|
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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.