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
|
+$224M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$174M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$55.6M |
| 4 |
VMW
VMware, Inc
VMW
|
+$29.1M |
| 5 |
Macy's
M
|
+$25.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$25.7M |
| 2 |
MON
Monsanto Co
MON
|
+$24.9M |
| 3 |
Gen Digital
GEN
|
+$24.8M |
| 4 |
Coca-Cola
KO
|
+$22.6M |
| 5 |
Applied Materials
AMAT
|
+$21.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 4.12% |
| 2 | Consumer Discretionary | 3.36% |
| 3 | Energy | 2.88% |
| 4 | Communication Services | 2.3% |
| 5 | Materials | 2.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
AngloGold Ashanti
AU
$40.3B
| $3.06M | 0.04% |
431,378
-39,222
| -8% | -$299K |
|
|
RHT
152
DELISTED
Red Hat Inc
RHT
| $2.96M | 0.04% |
35,690
-79,900
| -69% | -$6.34M |
|
153
Southwest Airlines
LUV
$22.1B
| $2.77M | 0.04% |
64,366
-142,148
| -69% | -$6.3M |
|
154
Kinross Gold
KGC
$28.5B
| $2.73M | 0.04% |
1,510,800
+308,000
| +26% | +$608K |
|
155
PPG Industries
PPG
$25.9B
| $2.72M | 0.04% |
27,542
-96,443
| -78% | -$9.74M |
|
156
Royal Gold
RGLD
$17.1B
| $2.68M | 0.03% |
73,600
-12,700
| -15% | -$530K |
|
|
AUY
157
DELISTED
Yamana Gold, Inc.
AUY
| $2.65M | 0.03% |
1,424,468
+199,768
| +16% | +$416K |
|
|
CLR
158
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $2.64M | 0.03% |
115,000
+9,900
| +9% | +$317K |
|
|
MRO
159
DELISTED
Marathon Oil Corporation
MRO
| $2.64M | 0.03% |
209,800
+17,600
| +9% | +$296K |
|
160
Eli Lilly
LLY
$1.07T
| $2.57M | 0.03% |
+30,462
| New | +$2.53M |
|
161
BorgWarner
BWA
$13.2B
| $2.53M | 0.03% |
+66,499
| New | +$2.5M |
|
162
Mohawk Industries
MHK
$6.9B
| $2.48M | 0.03% |
+13,074
| New | +$2.51M |
|
163
EQT Corp
EQT
$33.2B
| $2.43M | 0.03% |
85,657
+5,511
| +7% | +$185K |
|
164
Kirby Corp
KEX
$7.95B
| $2.42M | 0.03% |
+45,892
| New | +$2.84M |
|
165
Annaly Capital Management
NLY
$16.9B
| $2.41M | 0.03% |
64,250
+53,525
| +499% | +$2.09M |
|
166
Freeport-McMoran
FCX
$90B
| $2.39M | 0.03% |
353,300
-1,112,309
| -76% | -$10.6M |
|
167
Welltower
WELL
$178B
| $2.37M | 0.03% |
34,871
+25,600
| +276% | +$1.67M |
|
168
Eldorado Gold
EGO
$8.31B
| $2.34M | 0.03% |
158,700
-800
| -0.5% | -$13.5K |
|
|
GGP
169
DELISTED
GGP Inc.
GGP
| $2.31M | 0.03% |
85,000
+66,500
| +359% | +$1.79M |
|
170
Simon Property Group
SPG
$74.5B
| $2.3M | 0.03% |
+11,842
| New | +$2.29M |
|
171
Prologis
PLD
$138B
| $2.3M | 0.03% |
53,545
+41,400
| +341% | +$1.75M |
|
172
Jones Lang LaSalle
JLL
$15.1B
| $2.26M | 0.03% |
+14,144
| New | +$2.24M |
|
173
Vornado Realty Trust
VNO
$7.47B
| $2.24M | 0.03% |
27,746
+21,276
| +329% | +$1.68M |
|
174
Labcorp
LH
$24.3B
| $2.23M | 0.03% |
20,982
-44,215
| -68% | -$4.56M |
|
175
DaVita
DVA
$15.1B
| $2.23M | 0.03% |
+31,945
| New | +$2.34M |
|
Similar funds
Bridgewater Associates's Q4 2015 Portfolio in Review
As of Q4 2015, Bridgewater Associates held 477 positions worth $7.71B, up 3.2% from $7.47B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Bridgewater Associates's Q4 2015 filing shows 47 new, 99 increased, 116 reduced and 214 closed positions. Its largest new stake was HF Sinclair: 317,080 shares worth $12.6M. The largest sale was Alphabet (Google) Class C, an estimated $25.7M.
By sector, the portfolio is most concentrated in Technology at 4.1% of assets, down from 4.2% a quarter earlier, followed by Consumer Discretionary and Energy.
- Bridgewater Associates's largest Q4 2015 buy was HF Sinclair: 317,080 shares worth $12.6M.
- Bridgewater Associates added most to Vanguard FTSE Emerging Markets ETF in Q4 2015, an estimated $224M increase.
- Bridgewater Associates's biggest Q4 2015 reduction was Gen Digital, cutting an estimated $24.8M.
- Bridgewater Associates fully exited Alphabet (Google) Class C in Q4 2015, selling an estimated $25.7M.
- Bridgewater Associates's ten largest holdings make up 80% of its $7.71B portfolio in Q4 2015.
- Bridgewater Associates opened 47 new positions and closed 214 in Q4 2015.
- Bridgewater Associates's portfolio value rose 3.2% quarter-over-quarter to $7.71B.
Based on Bridgewater Associates's 13F filing for Q4 2015, filed 11 Feb 2016.