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 |
iShares MSCI Emerging Markets ETF
EEM
|
+$1.2B |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$388M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$144M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$58.6M |
| 5 |
Apple
AAPL
|
+$23.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
B
Barrick Mining
B
|
+$45.1M |
| 2 |
Cencora
COR
|
+$18.6M |
| 3 |
GG
Goldcorp Inc
GG
|
+$17.8M |
| 4 |
Bread Financial
BFH
|
+$17.5M |
| 5 |
MetLife
MET
|
+$16.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.47% |
| 2 | Energy | 2.95% |
| 3 | Consumer Discretionary | 2.32% |
| 4 | Healthcare | 2.04% |
| 5 | Materials | 1.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Sherwin-Williams
SHW
$78.3B
| $3.62M | 0.04% |
+39,300
| New | +$3.81M |
|
|
XEC
152
DELISTED
CIMAREX ENERGY CO
XEC
| $3.61M | 0.04% |
26,859
-800
| -3% | -$100K |
|
|
CTRA
153
DELISTED
Coterra Energy
CTRA
| $3.57M | 0.04% |
138,480
+280
| +0.2% | +$7K |
|
|
TAHO
154
DELISTED
Tahoe Resources Inc
TAHO
| $3.46M | 0.03% |
270,300
+58,800
| +28% | +$871K |
|
155
Blackrock
BLK
$164B
| $3.44M | 0.03% |
+9,500
| New | +$3.46M |
|
156
Gold Fields
GFI
$29.2B
| $3.44M | 0.03% |
709,200
+123,800
| +21% | +$701K |
|
157
Monster Beverage
MNST
$91.4B
| $3.42M | 0.03% |
+139,860
| New | +$3.63M |
|
|
AUY
158
DELISTED
Yamana Gold, Inc.
AUY
| $3.42M | 0.03% |
792,668
-1,167,200
| -60% | -$6.01M |
|
|
ATVI
159
DELISTED
Activision Blizzard
ATVI
| $3.41M | 0.03% |
76,910
-16,600
| -18% | -$695K |
|
160
Eaton
ETN
$157B
| $3.35M | 0.03% |
50,992
-61,300
| -55% | -$3.96M |
|
161
Public Storage
PSA
$60.2B
| $3.34M | 0.03% |
14,979
+13,379
| +836% | +$3.12M |
|
162
Exelon
EXC
$48.6B
| $3.3M | 0.03% |
+138,798
| New | +$3.49M |
|
163
GameStop
GME
$9.5B
| $3.25M | 0.03% |
+470,800
| New | +$3.43M |
|
164
Meta Platforms (Facebook)
META
$1.51T
| $3.17M | 0.03% |
24,700
+1,100
| +5% | +$137K |
|
165
Constellation Brands
STZ
$22.2B
| $3.15M | 0.03% |
18,913
+16,700
| +755% | +$2.75M |
|
166
Teck Resources
TECK
$29.5B
| $3.08M | 0.03% |
171,100
-4,400
| -3% | -$70.2K |
|
|
PTR
167
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $3M | 0.03% |
44,956
+24,147
| +116% | +$1.63M |
|
168
Range Resources
RRC
$9.11B
| $2.94M | 0.03% |
75,804
+24,200
| +47% | +$979K |
|
169
Verizon
VZ
$194B
| $2.89M | 0.03% |
+55,600
| New | +$2.98M |
|
|
PNRA
170
DELISTED
Panera Bread Co
PNRA
| $2.86M | 0.03% |
+14,700
| New | +$3.11M |
|
171
Sibanye-Stillwater
SBSW
$5.92B
| $2.78M | 0.03% |
208,793
+36,810
| +21% | +$587K |
|
172
Northern Trust
NTRS
$22.2B
| $2.75M | 0.03% |
40,500
+27,700
| +216% | +$1.88M |
|
173
Morgan Stanley
MS
$337B
| $2.74M | 0.03% |
+85,500
| New | +$2.55M |
|
174
Ovintiv
OVV
$17.5B
| $2.72M | 0.03% |
52,160
+20,460
| +65% | +$918K |
|
175
Medtronic
MDT
$107B
| $2.68M | 0.03% |
+31,000
| New | +$2.7M |
|
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Bridgewater Associates's Q3 2016 Portfolio in Review
As of Q3 2016, Bridgewater Associates held 430 positions worth $10.2B, up 27% from $7.98B the previous quarter. Its ten largest holdings account for 84% of the portfolio.
Bridgewater Associates deployed $1.72B of net new capital in Q3 2016, opening 90 new positions and adding to 107 existing holdings. Its largest new stake was iShares Core MSCI Emerging Markets ETF: 1,319,320 shares worth $60.2M.
By sector, the portfolio is most concentrated in Technology at 3.5% of assets, up from 3.1% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was Cencora, an estimated $18.6M trimmed.
- Bridgewater Associates's largest Q3 2016 buy was iShares Core MSCI Emerging Markets ETF: 1,319,320 shares worth $60.2M.
- Bridgewater Associates added most to iShares MSCI Emerging Markets ETF in Q3 2016, an estimated $1.2B increase.
- Bridgewater Associates's biggest Q3 2016 reduction was Cencora, cutting an estimated $18.6M.
- Bridgewater Associates fully exited Barrick Mining in Q3 2016, selling an estimated $45.1M.
- Bridgewater Associates's ten largest holdings make up 84% of its $10.2B portfolio in Q3 2016.
- Bridgewater Associates opened 90 new positions and closed 131 in Q3 2016.
- Bridgewater Associates's portfolio value rose 27% quarter-over-quarter to $10.2B.
Based on Bridgewater Associates's 13F filing for Q3 2016, filed 9 Nov 2016.