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
|
+$131M |
| 2 |
Gen Digital
GEN
|
+$20.4M |
| 3 |
Microsoft
MSFT
|
+$18.2M |
| 4 |
Intel
INTC
|
+$17M |
| 5 |
Gilead Sciences
GILD
|
+$16.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$307M |
| 2 |
American Express
AXP
|
+$18.2M |
| 3 |
PepsiCo
PEP
|
+$16.8M |
| 4 |
Intuitive Surgical
ISRG
|
+$15.6M |
| 5 |
CTXS
Citrix Systems Inc
CTXS
|
+$15.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.61% |
| 2 | Energy | 2.12% |
| 3 | Healthcare | 1.28% |
| 4 | Materials | 1.26% |
| 5 | Industrials | 1.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Devon Energy
DVN
$51.9B
| $4.92M | 0.04% |
73,500
-185,638
| -72% | -$11.5M |
|
|
SNDK
102
DELISTED
SANDISK CORP
SNDK
| $4.88M | 0.04% |
60,100
-44,600
| -43% | -$3.29M |
|
|
PXD
103
DELISTED
Pioneer Natural Resource Co.
PXD
| $4.81M | 0.04% |
25,700
+100
| +0.4% | +$18.3K |
|
104
Adobe
ADBE
$89.5B
| $4.76M | 0.04% |
+72,403
| New | +$4.64M |
|
105
Enbridge
ENB
$124B
| $4.76M | 0.04% |
104,600
-40,000
| -28% | -$1.73M |
|
|
MXIM
106
DELISTED
Maxim Integrated Products
MXIM
| $4.61M | 0.04% |
139,193
-324,317
| -70% | -$9.96M |
|
|
NBL
107
DELISTED
Noble Energy, Inc.
NBL
| $4.61M | 0.04% |
64,852
+300
| +0.5% | +$19.9K |
|
108
Baxter International
BAX
$11.6B
| $4.58M | 0.04% |
114,626
-232,703
| -67% | -$8.7M |
|
109
NOV
NOV
$7.45B
| $4.58M | 0.04% |
65,228
+43,695
| +203% | +$3M |
|
|
MRO
110
DELISTED
Marathon Oil Corporation
MRO
| $4.58M | 0.04% |
128,900
+400
| +0.3% | +$13.5K |
|
111
Danaher
DHR
$135B
| $4.58M | 0.04% |
+90,816
| New | +$4.62M |
|
112
Quest Diagnostics
DGX
$25.1B
| $4.57M | 0.04% |
+78,977
| New | +$4.23M |
|
113
DaVita
DVA
$15.1B
| $4.47M | 0.04% |
64,941
-28,496
| -30% | -$1.89M |
|
114
KLA
KLAC
$275B
| $4.42M | 0.04% |
638,840
-293,000
| -31% | -$1.9M |
|
115
Bread Financial
BFH
$4.21B
| $4.27M | 0.03% |
19,640
-8,645
| -31% | -$1.86M |
|
116
Microchip Technology
MCHP
$42.8B
| $4.26M | 0.03% |
178,318
-101,530
| -36% | -$2.32M |
|
117
Lam Research
LRCX
$382B
| $4.22M | 0.03% |
768,170
-402,160
| -34% | -$2.14M |
|
|
HOT
118
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $4.21M | 0.03% |
52,923
-19,617
| -27% | -$1.53M |
|
119
MetLife
MET
$61B
| $4.17M | 0.03% |
+88,598
| New | +$4.07M |
|
120
Northrop Grumman
NOC
$77B
| $4.17M | 0.03% |
+33,788
| New | +$4M |
|
|
RHT
121
DELISTED
Red Hat Inc
RHT
| $4.15M | 0.03% |
78,313
-19,323
| -20% | -$1.11M |
|
122
F5
FFIV
$22.1B
| $4.15M | 0.03% |
38,889
-18,983
| -33% | -$2.01M |
|
123
Applied Materials
AMAT
$426B
| $4.14M | 0.03% |
202,699
-100,100
| -33% | -$1.84M |
|
|
CLR
124
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $4.14M | 0.03% |
66,600
+200
| +0.3% | +$11.4K |
|
|
N
125
DELISTED
Netsuite Inc
N
| $4.13M | 0.03% |
+43,600
| New | +$4.65M |
|
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Bridgewater Associates's Q1 2014 Portfolio in Review
As of Q1 2014, Bridgewater Associates held 416 positions worth $12.2B, down 1.9% from $12.5B the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Bridgewater Associates's Q1 2014 filing shows 123 new, 75 increased, 132 reduced and 77 closed positions. Its largest new stake was Berkshire Hathaway Class B: 93,308 shares worth $11.7M. The largest sale was iShares MSCI Emerging Markets ETF, an estimated $307M.
By sector, the portfolio is most concentrated in Technology at 2.6% of assets, up from 2.4% a quarter earlier, followed by Energy and Healthcare.
- Bridgewater Associates's largest Q1 2014 buy was Berkshire Hathaway Class B: 93,308 shares worth $11.7M.
- Bridgewater Associates added most to Vanguard FTSE Emerging Markets ETF in Q1 2014, an estimated $131M increase.
- Bridgewater Associates's biggest Q1 2014 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $307M.
- Bridgewater Associates fully exited American Express in Q1 2014, selling an estimated $18.2M.
- Bridgewater Associates's ten largest holdings make up 89% of its $12.2B portfolio in Q1 2014.
- Bridgewater Associates opened 123 new positions and closed 77 in Q1 2014.
- Bridgewater Associates's portfolio value fell 1.9% quarter-over-quarter to $12.2B.
Based on Bridgewater Associates's 13F filing for Q1 2014, filed 14 May 2014.