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 MSCI Emerging Markets ETF
EEM
|
$484M |
| 2 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
$426M |
| 3 |
Alibaba
BABA
|
$349M |
| 4 |
Vanguard FTSE Emerging Markets ETF
VWO
|
$273M |
| 5 |
Procter & Gamble
PG
|
$250M |
Top Sells
| 1 |
Lowe's Companies
LOW
|
$35.2M |
| 2 |
Home Depot
HD
|
$33.5M |
| 3 |
SPDR Gold Trust
GLD
|
$32.6M |
| 4 |
JD.com
JD
|
$30.1M |
| 5 |
Tesla
TSLA
|
$26.9M |
Sector Composition
| 1 | Consumer Staples | 25.86% |
| 2 | Healthcare | 17.87% |
| 3 | Consumer Discretionary | 13.79% |
| 4 | Technology | 4.61% |
| 5 | Financials | 4.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Philip Morris
PM
$260B
| $58.9M | 0.24% | 627,451 +364,558 | +139% | +$34.2M |
|
77
Comcast
CMCSA
$125B
| $58.9M | 0.24% | 1,257,315 +1,025,212 | +442% | +$48M |
|
78
Trip.com Group
TCOM
$48.2B
| $58.4M | 0.24% | 2,524,024 +886,068 | +54% | +$20.5M |
|
79
Bristol-Myers Squibb
BMY
$96B
| $57.9M | 0.23% | 792,736 +477,281 | +151% | +$34.9M |
|
80
Bank of America
BAC
$376B
| $56.5M | 0.23% | 1,369,880 +392,783 | +40% | +$16.2M |
|
81
Zimmer Biomet
ZBH
$21B
| $52.9M | 0.21% | 413,910 +150,434 | +57% | +$19.2M |
|
82
Kellanova
K
$27.6B
| $52.5M | 0.21% | 814,622 +238,358 | +41% | +$15.4M |
|
83
Restaurant Brands International
QSR
$20.8B
| $51.6M | 0.21% | 882,707 +690,887 | +360% | +$40.4M |
|
84
Honeywell
HON
$139B
| $51M | 0.21% | 262,200 +159,103 | +154% | +$31M |
|
85
Cisco
CSCO
$274B
| $51M | 0.21% | 914,218 +907,296 | +13,107% | +$50.6M |
|
86
Chubb
CB
$110B
| $50.5M | 0.2% | 236,037 +181,295 | +331% | +$38.8M |
|
87
Align Technology
ALGN
$10.3B
| $50.4M | 0.2% | 115,638 +34,311 | +42% | +$15M |
|
88
Lufax Holding
LU
$2.55B
| $50M | 0.2% | 8,977,303 +2,890,352 | +47% | +$16.1M |
|
89
Intel
INTC
$107B
| $49.3M | 0.2% | 994,313 +989,188 | +19,301% | +$49M |
|
90
IBM
IBM
$227B
| $48.9M | 0.2% | 376,153 +306,854 | +443% | +$39.9M |
|
91
AT&T
T
$209B
| $48.4M | 0.2% | 2,047,133 +1,797,473 | +720% | +$42.5M |
|
92
Mondelez International
MDLZ
$79.5B
| $48.3M | 0.19% | 769,400 +593,364 | +337% | +$37.3M |
|
93
Darden Restaurants
DRI
$24.1B
| $47.6M | 0.19% | 357,769 +86,929 | +32% | +$11.6M |
|
94
ZTO Express
ZTO
$14.6B
| $47.3M | 0.19% | 1,890,349 +646,490 | +52% | +$16.2M |
|
95
Freeport-McMoran
FCX
$63.7B
| $46.3M | 0.19% | 930,912 +910,878 | +4,547% | +$45.3M |
|
96
Vanguard FTSE Developed Markets ETF
VEA
$171B
| $45.1M | 0.18% | 938,041 -85,024 | -8% | -$4.08M |
|
97
Hormel Foods
HRL
$14B
| $45M | 0.18% | 873,384 +247,605 | +40% | +$12.8M |
|
98
American Tower
AMT
$95.5B
| $44.6M | 0.18% | 177,471 +110,439 | +165% | +$27.7M |
|
99
Micron Technology
MU
$133B
| $43.6M | 0.18% | 559,314 +556,346 | +18,745% | +$43.3M |
|
100
iShares MSCI EAFE ETF
EFA
$66B
| $43.5M | 0.18% | 591,264 -53,588 | -8% | -$3.94M |
|