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
|
+$4.16B |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$3.37B |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.19B |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$43.3M |
| 5 |
Oracle
ORCL
|
+$32.3M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.48% |
| 2 | Energy | 2.06% |
| 3 | Financials | 1.14% |
| 4 | Materials | 0.95% |
| 5 | Healthcare | 0.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Cardinal Health
CAH
$53.4B
| $2.19M | 0.02% |
+46,346
| New | +$2.12M |
|
152
Progressive
PGR
$124B
| $2.16M | 0.02% |
+85,097
| New | +$2.15M |
|
|
PTR
153
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $2.1M | 0.02% |
+19,022
| New | +$2.3M |
|
|
CLR
154
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $2.08M | 0.02% |
+48,400
| New | +$2M |
|
|
KRFT
155
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $1.95M | 0.02% |
+34,874
| New | +$1.87M |
|
|
AET
156
DELISTED
Aetna Inc
AET
| $1.94M | 0.02% |
+30,577
| New | +$1.8M |
|
157
US Bancorp
USB
$99.6B
| $1.92M | 0.02% |
+52,984
| New | +$1.82M |
|
158
Urban Outfitters
URBN
$5.99B
| $1.9M | 0.02% |
+47,184
| New | +$1.95M |
|
159
Viatris
VTRS
$20.1B
| $1.9M | 0.02% |
+61,097
| New | +$1.82M |
|
160
Gen Digital
GEN
$15.6B
| $1.8M | 0.02% |
+80,266
| New | +$1.89M |
|
161
Annaly Capital Management
NLY
$16.9B
| $1.8M | 0.02% |
+35,773
| New | +$2.09M |
|
|
CHK
162
DELISTED
Chesapeake Energy Corporation
CHK
| $1.78M | 0.02% |
+461
| New | +$1.77M |
|
163
Range Resources
RRC
$9.11B
| $1.66M | 0.01% |
+21,400
| New | +$1.63M |
|
164
Teck Resources
TECK
$29.5B
| $1.64M | 0.01% |
+76,900
| New | +$2M |
|
|
NGD
165
DELISTED
New Gold Inc
NGD
| $1.63M | 0.01% |
+252,200
| New | +$1.8M |
|
166
Cencora
COR
$60.3B
| $1.54M | 0.01% |
+27,645
| New | +$1.5M |
|
167
Murphy Oil
MUR
$5.58B
| $1.54M | 0.01% |
+29,297
| New | +$1.59M |
|
168
Jefferies Financial Group
JEF
$12.9B
| $1.53M | 0.01% |
+65,352
| New | +$1.72M |
|
|
CTRA
169
DELISTED
Coterra Energy
CTRA
| $1.52M | 0.01% |
+42,800
| New | +$1.47M |
|
170
Royal Gold
RGLD
$17.1B
| $1.51M | 0.01% |
+35,800
| New | +$1.94M |
|
171
Medtronic
MDT
$107B
| $1.5M | 0.01% |
+29,045
| New | +$1.44M |
|
172
Stryker
SYK
$127B
| $1.49M | 0.01% |
+23,000
| New | +$1.53M |
|
173
Lennar Class A
LEN
$20.4B
| $1.42M | 0.01% |
+41,497
| New | +$1.58M |
|
174
DaVita
DVA
$15.1B
| $1.38M | 0.01% |
+22,800
| New | +$1.42M |
|
175
Southwest Airlines
LUV
$22.1B
| $1.37M | 0.01% |
+106,300
| New | +$1.45M |
|
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Bridgewater Associates's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Bridgewater Associates, which disclosed 323 positions worth $11.4B. Its ten largest holdings account for 90% of the portfolio.
Its largest position is Vanguard FTSE Emerging Markets ETF: 99,189,020 shares worth $3.85B.
By sector, the portfolio is most concentrated in Technology at 2.5% of assets, followed by Energy and Financials.
- Bridgewater Associates's largest Q2 2013 buy was Vanguard FTSE Emerging Markets ETF: 99,189,020 shares worth $3.85B.
- Bridgewater Associates's ten largest holdings make up 90% of its $11.4B portfolio in Q2 2013.
- Bridgewater Associates disclosed 323 positions in Q2 2013, its first 13F filing on record.
Based on Bridgewater Associates's 13F filing for Q2 2013, filed 13 Aug 2013.