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 |
Lam Research
LRCX
|
+$182M |
| 2 |
Qualcomm
QCOM
|
+$134M |
| 3 |
Apple
AAPL
|
+$126M |
| 4 |
Constellation Energy
CEG
|
+$114M |
| 5 |
Broadcom
AVGO
|
+$114M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$338M |
| 2 |
Johnson & Johnson
JNJ
|
+$276M |
| 3 |
Walmart Inc
WMT
|
+$270M |
| 4 |
Costco
COST
|
+$236M |
| 5 |
McDonald's
MCD
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.57% |
| 2 | Consumer Discretionary | 11.09% |
| 3 | Healthcare | 10.72% |
| 4 | Consumer Staples | 9.72% |
| 5 | Communication Services | 9.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
876
New York Times
NYT
$12.2B
| – | – |
-44,009
| Closed | -$2.25M |
|
877
Old Dominion Freight Line
ODFL
$44B
| – | – |
-3,516
| Closed | -$621K |
|
878
O-I Glass
OI
$1.14B
| – | – |
-21,622
| Closed | -$241K |
|
879
Oracle
ORCL
$409B
| – | – |
-4,106
| Closed | -$580K |
|
880
Otis Worldwide
OTIS
$27.5B
| – | – |
-3,992
| Closed | -$384K |
|
881
Otter Tail
OTTR
$3.79B
| – | – |
-4,310
| Closed | -$378K |
|
882
Penske Automotive Group
PAG
$14.3B
| – | – |
-2,242
| Closed | -$334K |
|
883
Par Pacific Holdings
PARR
$4.16B
| – | – |
-40,557
| Closed | -$1.02M |
|
884
Paychex
PAYX
$41.9B
| – | – |
-3,991
| Closed | -$473K |
|
885
PACCAR
PCAR
$69.5B
| – | – |
-3,515
| Closed | -$362K |
|
886
Paylocity
PCTY
$7.48B
| – | – |
-10,023
| Closed | -$1.32M |
|
887
Progressive
PGR
$122B
| – | – |
-2,935
| Closed | -$610K |
|
888
Parker-Hannifin
PH
$126B
| – | – |
-410
| Closed | -$207K |
|
889
Polaris
PII
$4.02B
| – | – |
-20,658
| Closed | -$1.62M |
|
890
Packaging Corp of America
PKG
$22.4B
| – | – |
-1,484
| Closed | -$271K |
|
891
Pool Corp
POOL
$7.11B
| – | – |
-871
| Closed | -$268K |
|
892
PPG Industries
PPG
$25.3B
| – | – |
-18,525
| Closed | -$2.33M |
|
|
PPL
893
PPL Corp
PPL
$26.5B
| – | – |
-41,577
| Closed | -$1.15M |
|
894
PROG Holdings
PRG
$1.82B
| – | – |
-27,121
| Closed | -$941K |
|
|
P
895
Everpure Inc
P
$26.6B
| – | – |
-6,759
| Closed | -$434K |
|
896
Phillips 66
PSX
$82.7B
| – | – |
-3,028
| Closed | -$427K |
|
897
Patterson-UTI
PTEN
$3.9B
| – | – |
-775,256
| Closed | -$8.03M |
|
898
Ryder
R
$10.1B
| – | – |
-1,753
| Closed | -$217K |
|
899
LiveRamp
RAMP
$2.3B
| – | – |
-21,908
| Closed | -$678K |
|
900
Remitly
RELY
$5.05B
| – | – |
-29,259
| Closed | -$355K |
|
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Bridgewater Associates's Q3 2024 Portfolio in Review
As of Q3 2024, Bridgewater Associates held 956 positions worth $17.7B, down 7.8% from $19.2B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Bridgewater Associates withdrew a net $2.45B in Q3 2024, closing 183 positions and reducing 428 holdings. Its most notable exit was Walt Disney, an estimated $19.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Bridgewater Associates opened a new position in Micron Technology worth $102M.
- Bridgewater Associates's largest Q3 2024 buy was Micron Technology: 983,685 shares worth $102M.
- Bridgewater Associates added most to Lam Research in Q3 2024, an estimated $182M increase.
- Bridgewater Associates's biggest Q3 2024 reduction was Procter & Gamble, cutting an estimated $338M.
- Bridgewater Associates fully exited Walt Disney in Q3 2024, selling an estimated $19.4M.
- Bridgewater Associates's ten largest holdings make up 32% of its $17.7B portfolio in Q3 2024.
- Bridgewater Associates opened 79 new positions and closed 183 in Q3 2024.
- Bridgewater Associates's portfolio value fell 7.8% quarter-over-quarter to $17.7B.
Based on Bridgewater Associates's 13F filing for Q3 2024, filed 13 Nov 2024.