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 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$4.16B |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$3.37B |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.19B |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$43.3M |
| 5 |
Oracle
ORCL
|
+$32.3M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.48% |
| 2 | Energy | 2.06% |
| 3 | Financials | 1.14% |
| 4 | Materials | 0.95% |
| 5 | Healthcare | 0.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
IBM
IBM
$202B
| $6.16M | 0.05% |
+33,702
| New | +$6.56M |
|
77
Macy's
M
$6.15B
| $6.04M | 0.05% |
+125,871
| New | +$5.84M |
|
78
International Paper
IP
$22.3B
| $5.82M | 0.05% |
+140,727
| New | +$6.08M |
|
|
APC
79
DELISTED
Anadarko Petroleum
APC
| $5.74M | 0.05% |
+66,799
| New | +$5.75M |
|
80
MetLife
MET
$61B
| $5.58M | 0.05% |
+136,731
| New | +$5.03M |
|
81
Dollar Tree
DLTR
$23.1B
| $5.44M | 0.05% |
+107,063
| New | +$5.22M |
|
82
Freeport-McMoran
FCX
$90B
| $5.33M | 0.05% |
+192,885
| New | +$5.89M |
|
83
VeriSign
VRSN
$25.3B
| $5.26M | 0.05% |
+117,715
| New | +$5.45M |
|
84
Intuitive Surgical
ISRG
$121B
| $5.24M | 0.05% |
+93,231
| New | +$5.14M |
|
85
McKesson
MCK
$98.5B
| $5.22M | 0.05% |
+45,627
| New | +$5.08M |
|
86
Ovintiv
OVV
$17.5B
| $5.07M | 0.04% |
+60,140
| New | +$5.57M |
|
87
Prudential Financial
PRU
$41.7B
| $4.9M | 0.04% |
+67,076
| New | +$4.35M |
|
|
STJ
88
DELISTED
St Jude Medical
STJ
| $4.8M | 0.04% |
+105,185
| New | +$4.56M |
|
89
Zimmer Biomet
ZBH
$17.7B
| $4.61M | 0.04% |
+63,397
| New | +$4.74M |
|
90
EOG Resources
EOG
$78B
| $4.61M | 0.04% |
+70,000
| New | +$4.49M |
|
91
Humana
HUM
$46.7B
| $4.55M | 0.04% |
+53,975
| New | +$4.26M |
|
|
TLM
92
DELISTED
TALISMAN ENERGY INC
TLM
| $4.54M | 0.04% |
+399,600
| New | +$4.64M |
|
93
T. Rowe Price
TROW
$25B
| $4.47M | 0.04% |
+61,138
| New | +$4.56M |
|
94
PepsiCo
PEP
$186B
| $4.29M | 0.04% |
+52,486
| New | +$4.29M |
|
|
AUY
95
DELISTED
Yamana Gold, Inc.
AUY
| $4.29M | 0.04% |
+451,300
| New | +$5.27M |
|
96
APA Corp
APA
$12.8B
| $4.25M | 0.04% |
+50,700
| New | +$4.03M |
|
97
Coca-Cola Europacific Partners
CCEP
$46.5B
| $4.16M | 0.04% |
+118,300
| New | +$4.35M |
|
|
VAR
98
DELISTED
Varian Medical Systems, Inc.
VAR
| $4.1M | 0.04% |
+69,285
| New | +$4.15M |
|
99
Goldman Sachs
GS
$313B
| $3.96M | 0.03% |
+26,217
| New | +$4M |
|
100
Apple
AAPL
$4.89T
| $3.95M | 0.03% |
+279,188
| New | +$4.29M |
|
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Bridgewater Associates's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Bridgewater Associates, which disclosed 323 positions worth $11.4B. Its ten largest holdings account for 90% of the portfolio.
Its largest position is Vanguard FTSE Emerging Markets ETF: 99,189,020 shares worth $3.85B.
By sector, the portfolio is most concentrated in Technology at 2.5% of assets, followed by Energy and Financials.
- Bridgewater Associates's largest Q2 2013 buy was Vanguard FTSE Emerging Markets ETF: 99,189,020 shares worth $3.85B.
- Bridgewater Associates's ten largest holdings make up 90% of its $11.4B portfolio in Q2 2013.
- Bridgewater Associates disclosed 323 positions in Q2 2013, its first 13F filing on record.
Based on Bridgewater Associates's 13F filing for Q2 2013, filed 13 Aug 2013.