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 |
Amazon
AMZN
|
+$293M |
| 2 |
Microsoft
MSFT
|
+$216M |
| 3 |
ExxonMobil
XOM
|
+$92M |
| 4 |
Cameco
CCJ
|
+$87.2M |
| 5 |
Advanced Micro Devices
AMD
|
+$67.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$256M |
| 2 |
Eli Lilly
LLY
|
+$148M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$140M |
| 4 |
Comcast
CMCSA
|
+$88.8M |
| 5 |
Procter & Gamble
PG
|
+$83.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 18.04% |
| 2 | Healthcare | 14.75% |
| 3 | Technology | 14.42% |
| 4 | Consumer Discretionary | 12.13% |
| 5 | Communication Services | 8.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CTRA
126
DELISTED
Coterra Energy
CTRA
| $25M | 0.13% |
937,864
+107,251
| +13% | +$2.97M |
|
127
Align Technology
ALGN
$12.8B
| $24.9M | 0.13% |
103,003
+31,201
| +43% | +$8.69M |
|
128
Clorox
CLX
$12B
| $24.7M | 0.13% |
181,067
-17,039
| -9% | -$2.37M |
|
129
Uranium Energy
UEC
$4.58B
| $24.3M | 0.13% |
+4,036,326
| New | +$27.4M |
|
130
TechnipFMC
FTI
$29.1B
| $24.1M | 0.13% |
923,342
+128,368
| +16% | +$3.31M |
|
131
Ulta Beauty
ULTA
$21.8B
| $24.1M | 0.13% |
62,488
+37,331
| +148% | +$15.2M |
|
|
BNY
132
Bank of New York Mellon
BNY
$105B
| $24.1M | 0.13% |
402,129
-202,104
| -33% | -$11.7M |
|
133
Chevron
CVX
$383B
| $24M | 0.13% |
+153,447
| New | +$24.5M |
|
134
Chubb
CB
$141B
| $23.8M | 0.12% |
93,412
-4,138
| -4% | -$1.06M |
|
135
Netflix
NFLX
$300B
| $23.8M | 0.12% |
353,010
-19,520
| -5% | -$1.22M |
|
136
Honeywell
HON
$76.9B
| $23.7M | 0.12% |
+117,751
| New | +$22.4M |
|
137
NexGen Energy
NXE
$6.04B
| $23.6M | 0.12% |
3,382,670
+1,598,129
| +90% | +$12.2M |
|
|
HOLX
138
DELISTED
Hologic
HOLX
| $23.6M | 0.12% |
317,334
+8,091
| +3% | +$607K |
|
139
Bristol-Myers Squibb
BMY
$130B
| $23M | 0.12% |
554,994
-148,232
| -21% | -$6.63M |
|
140
Hilton Worldwide
HLT
$72.2B
| $22.8M | 0.12% |
104,379
+33,445
| +47% | +$6.87M |
|
141
Elevance Health
ELV
$83.2B
| $22.5M | 0.12% |
41,586
-21,754
| -34% | -$11.5M |
|
142
Universal Health Services
UHS
$10.1B
| $22.5M | 0.12% |
121,766
+18,782
| +18% | +$3.32M |
|
143
Fox Class A
FOXA
$24.5B
| $22.3M | 0.12% |
650,023
+333,245
| +105% | +$10.9M |
|
144
Deckers Outdoor
DECK
$13.8B
| $22.1M | 0.12% |
136,704
+86,634
| +173% | +$13.3M |
|
145
BP
BP
$112B
| $22M | 0.11% |
609,795
+374,868
| +160% | +$14M |
|
146
Fidelity National Information Services
FIS
$23.7B
| $21.9M | 0.11% |
+291,090
| New | +$21.5M |
|
147
Amdocs
DOX
$5.99B
| $21.7M | 0.11% |
274,840
+26,462
| +11% | +$2.17M |
|
148
Lamb Weston
LW
$7.53B
| $21.7M | 0.11% |
257,956
-89,085
| -26% | -$7.6M |
|
149
Goldman Sachs
GS
$292B
| $21M | 0.11% |
46,399
+31,520
| +212% | +$13.8M |
|
150
Baxter International
BAX
$12.7B
| $20.8M | 0.11% |
621,860
+336,812
| +118% | +$12.4M |
|
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Bridgewater Associates's Q2 2024 Portfolio in Review
As of Q2 2024, Bridgewater Associates held 959 positions worth $19.2B, down 3.1% from $19.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Bridgewater Associates withdrew a net $757M in Q2 2024, closing 82 positions and reducing 390 holdings. Its most notable exit was Marathon Oil Corporation, an estimated $28.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 18% of assets, down from 19% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Bridgewater Associates opened a new position in Constellation Energy worth $38.9M.
- Bridgewater Associates's largest Q2 2024 buy was Constellation Energy: 194,333 shares worth $38.9M.
- Bridgewater Associates added most to Amazon in Q2 2024, an estimated $293M increase.
- Bridgewater Associates's biggest Q2 2024 reduction was Apple, cutting an estimated $256M.
- Bridgewater Associates fully exited Marathon Oil Corporation in Q2 2024, selling an estimated $28.8M.
- Bridgewater Associates's ten largest holdings make up 35% of its $19.2B portfolio in Q2 2024.
- Bridgewater Associates opened 282 new positions and closed 82 in Q2 2024.
- Bridgewater Associates's portfolio value fell 3.1% quarter-over-quarter to $19.2B.
Based on Bridgewater Associates's 13F filing for Q2 2024, filed 14 Aug 2024.