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 India ETF
INDA
|
$105M |
| 2 |
Bread Financial
BFH
|
$39.6M |
| 3 |
XEC
CIMAREX ENERGY CO
XEC
|
$39.2M |
| 4 |
SWN
Southwestern Energy Company
SWN
|
$39M |
| 5 |
Kroger
KR
|
$38.2M |
Top Sells
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
$1.97B |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
$1.11B |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
$913M |
| 4 |
SPDR S&P 500 ETF Trust
SPY
|
$348M |
| 5 |
Bristol-Myers Squibb
BMY
|
$47.2M |
Sector Composition
| 1 | Consumer Discretionary | 4.47% |
| 2 | Financials | 2.86% |
| 3 | Energy | 2.75% |
| 4 | Industrials | 1.72% |
| 5 | Healthcare | 1.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Canadian Pacific Kansas City
CP
$69.9B
| $11.5M | 0.09% | 48,517 | – | – |
|
102
Core Laboratories
CLB
$540M
| $11.3M | 0.09% | +216,349 | New | +$11.3M |
|
103
Nutrien
NTR
$28B
| $11.3M | 0.09% | 210,584 | – | – |
|
|
MRO
104
DELISTED
Marathon Oil Corporation
MRO
| $11.2M | 0.09% | 785,343 +631,394 | +410% | +$8.97M |
|
105
Manulife Financial
MFC
$52.2B
| $11M | 0.09% | 606,507 | – | – |
|
106
HF Sinclair
DINO
$9.52B
| $11M | 0.09% | 237,507 -125,571 | -35% | -$5.81M |
|
|
AMTD
107
DELISTED
TD Ameritrade Holding Corp
AMTD
| $11M | 0.09% | 220,174 -354,680 | -62% | -$17.7M |
|
108
Coterra Energy
CTRA
$18.7B
| $10.9M | 0.09% | 476,685 +235,809 | +98% | +$5.41M |
|
109
Canadian Imperial Bank of Commerce
CM
$71.8B
| $10.9M | 0.09% | 138,276 | – | – |
|
|
SPLK
110
DELISTED
Splunk Inc
SPLK
| $10.8M | 0.08% | +85,859 | New | +$10.8M |
|
111
Annaly Capital Management
NLY
$13.6B
| $10.7M | 0.08% | 1,175,716 +839,766 | +250% | +$7.67M |
|
112
NRG Energy
NRG
$28.2B
| $10.5M | 0.08% | 297,697 +75,190 | +34% | +$2.64M |
|
113
Lam Research
LRCX
$127B
| $10.3M | 0.08% | +54,651 | New | +$10.3M |
|
|
PXD
114
DELISTED
Pioneer Natural Resource Co.
PXD
| $10.1M | 0.08% | +65,947 | New | +$10.1M |
|
115
Liberty Global Class A
LBTYA
$4B
| $10M | 0.08% | 371,090 +130,022 | +54% | +$3.51M |
|
116
Verizon
VZ
$186B
| $9.4M | 0.07% | +164,516 | New | +$9.4M |
|
|
DISCA
117
DELISTED
Discovery, Inc. Series A Common Stock
DISCA
| $9.37M | 0.07% | +305,246 | New | +$9.37M |
|
|
B
118
Barrick Mining Corporation
B
$45.4B
| $9.33M | 0.07% | 589,875 -81,908 | -12% | -$1.29M |
|
119
Sun Life Financial
SLF
$32.8B
| $8.76M | 0.07% | 211,056 | – | – |
|
120
Prologis
PLD
$106B
| $8.46M | 0.07% | 105,655 +75,069 | +245% | +$6.01M |
|
121
United Parcel Service
UPS
$74.1B
| $8.33M | 0.07% | +80,700 | New | +$8.33M |
|
122
Alphabet (Google) Class A
GOOGL
$2.57T
| $8.26M | 0.06% | 7,629 +7,028 | +1,169% | +$7.61M |
|
123
Phillips 66
PSX
$54B
| $8M | 0.06% | 85,478 -153,932 | -64% | -$14.4M |
|
124
Western Union
WU
$2.8B
| $7.69M | 0.06% | 386,498 -269,154 | -41% | -$5.35M |
|
125
Telus
TU
$25.1B
| $7.67M | 0.06% | 207,021 | – | – |
|