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 | |
|---|---|---|---|---|---|---|
76
Bank of Montreal
BMO
$89.7B
| $5.97M | 0.05% |
74,326
-53,284
| -42% | -$4.28M |
|
77
O'Reilly Automotive
ORLY
$89.1B
| $5.86M | 0.05% |
365,625
-201,435
| -36% | -$3.23M |
|
78
Macy's
M
$4.61B
| $5.82M | 0.05% |
230,910
-1,245,163
| -84% | -$31.4M |
|
79
Xcel Energy
XEL
$42.7B
| $5.81M | 0.05% |
120,718
+81,634
| +209% | +$3.93M |
|
80
Microchip Technology
MCHP
$34.8B
| $5.65M | 0.05% |
128,606
-236,884
| -65% | -$10.4M |
|
81
Newmont
NEM
$82.3B
| $5.56M | 0.05% |
148,185
+90,676
| +158% | +$3.4M |
|
82
IBM
IBM
$230B
| $5.49M | 0.05% |
37,444
-60,286
| -62% | -$8.84M |
|
|
AMTD
83
DELISTED
TD Ameritrade Holding Corp
AMTD
| $5.48M | 0.04% |
107,216
+100,633
| +1,529% | +$5.15M |
|
84
Royal Caribbean
RCL
$97.8B
| $5.35M | 0.04% |
44,808
-94,130
| -68% | -$11.2M |
|
85
Foot Locker
FL
$2.3B
| $5.15M | 0.04% |
109,815
-135,299
| -55% | -$6.34M |
|
|
XL
86
DELISTED
XL Group Ltd.
XL
| $5.05M | 0.04% |
143,524
+85,842
| +149% | +$3.02M |
|
|
SCG
87
DELISTED
Scana
SCG
| $5.04M | 0.04% |
126,618
+33,143
| +35% | +$1.32M |
|
88
Brookfield
BN
$99.6B
| $4.94M | 0.04% |
211,156
-135,247
| -39% | -$3.16M |
|
89
Caterpillar
CAT
$197B
| $4.79M | 0.04% |
30,363
-17,888
| -37% | -$2.82M |
|
|
X
90
DELISTED
US Steel
X
| $4.67M | 0.04% |
132,742
-351,140
| -73% | -$12.4M |
|
91
Bio-Rad Laboratories Class A
BIO
$7.83B
| $4.6M | 0.04% |
+19,255
| New | +$4.6M |
|
92
Manulife Financial
MFC
$52.5B
| $4.58M | 0.04% |
218,974
-161,971
| -43% | -$3.39M |
|
93
Ventas
VTR
$30.8B
| $4.49M | 0.04% |
74,800
+47,400
| +173% | +$2.84M |
|
94
Darden Restaurants
DRI
$24.5B
| $4.39M | 0.04% |
45,733
-43,803
| -49% | -$4.21M |
|
95
Boston Scientific
BSX
$159B
| $4.37M | 0.04% |
+176,079
| New | +$4.37M |
|
96
Canadian Imperial Bank of Commerce
CM
$73.6B
| $4.31M | 0.04% |
88,038
-54,400
| -38% | -$2.66M |
|
|
DISCA
97
DELISTED
Discovery, Inc. Series A Common Stock
DISCA
| $4.29M | 0.04% |
191,669
-825,324
| -81% | -$18.5M |
|
98
Chubb
CB
$112B
| $4.23M | 0.03% |
28,931
+22,459
| +347% | +$3.28M |
|
|
MXIM
99
DELISTED
Maxim Integrated Products
MXIM
| $4.22M | 0.03% |
+80,639
| New | +$4.22M |
|
100
Salesforce
CRM
$232B
| $4.18M | 0.03% |
40,841
-42,178
| -51% | -$4.31M |
|