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 Core MSCI Emerging Markets ETF
IEMG
|
$84M |
| 2 |
Royal Bank of Canada
RY
|
$32.3M |
| 3 |
Toronto Dominion Bank
TD
|
$32M |
| 4 |
Cummins
CMI
|
$31.3M |
| 5 |
Toll Brothers
TOL
|
$29.5M |
Top Sells
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
$176M |
| 2 |
SPDR S&P 500 ETF Trust
SPY
|
$148M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
$71M |
| 4 |
NFX
Newfield Exploration
NFX
|
$34.3M |
| 5 |
Procter & Gamble
PG
|
$30.9M |
Sector Composition
| 1 | Financials | 3.42% |
| 2 | Healthcare | 2.95% |
| 3 | Consumer Discretionary | 2.83% |
| 4 | Energy | 2.39% |
| 5 | Industrials | 2.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
Hershey
HSY
$38B
| $4.16M | 0.04% |
44,645
-5,081
| -10% | -$473K |
|
152
Thermo Fisher Scientific
TMO
$183B
| $4.08M | 0.04% |
+19,692
| New | +$4.08M |
|
153
Regeneron Pharmaceuticals
REGN
$59B
| $3.97M | 0.04% |
11,499
-10,373
| -47% | -$3.58M |
|
154
Valero Energy
VLO
$48.5B
| $3.85M | 0.04% |
34,765
-49,390
| -59% | -$5.47M |
|
155
American International
AIG
$43.8B
| $3.75M | 0.04% |
+70,708
| New | +$3.75M |
|
156
Deere & Co
DE
$129B
| $3.73M | 0.04% |
26,672
+2,173
| +9% | +$304K |
|
157
Gilead Sciences
GILD
$144B
| $3.71M | 0.04% |
+52,316
| New | +$3.71M |
|
158
Dominion Energy
D
$49.4B
| $3.56M | 0.04% |
52,170
-56,746
| -52% | -$3.87M |
|
|
SJR
159
DELISTED
Shaw Communications Inc.
SJR
| $3.5M | 0.04% |
172,009
+131,138
| +321% | +$2.67M |
|
160
Bausch Health
BHC
$2.72B
| $3.38M | 0.03% |
145,426
+104,480
| +255% | +$2.43M |
|
161
BP
BP
$87.6B
| $3.27M | 0.03% |
76,178
-5,130
| -6% | -$220K |
|
162
Morgan Stanley
MS
$237B
| $3.24M | 0.03% |
+68,423
| New | +$3.24M |
|
163
BHP
BHP
$137B
| $3.22M | 0.03% |
72,076
| – | – |
|
164
ConocoPhillips
COP
$114B
| $3.18M | 0.03% |
45,613
-1,729
| -4% | -$120K |
|
|
APC
165
DELISTED
Anadarko Petroleum
APC
| $3.11M | 0.03% |
42,412
+20,833
| +97% | +$1.53M |
|
166
Ecolab
ECL
$78B
| $3.11M | 0.03% |
22,137
+10,034
| +83% | +$1.41M |
|
167
NetEase
NTES
$89.9B
| $3.09M | 0.03% |
+61,085
| New | +$3.09M |
|
|
JNPR
168
DELISTED
Juniper Networks
JNPR
| $3.05M | 0.03% |
111,144
-223,632
| -67% | -$6.13M |
|
169
Rio Tinto
RIO
$103B
| $3.01M | 0.03% |
54,278
| – | – |
|
170
FedEx
FDX
$53.2B
| $2.94M | 0.03% |
+12,958
| New | +$2.94M |
|
171
Parker-Hannifin
PH
$96.3B
| $2.94M | 0.03% |
+18,860
| New | +$2.94M |
|
172
Quest Diagnostics
DGX
$20.4B
| $2.92M | 0.03% |
26,555
-92,574
| -78% | -$10.2M |
|
173
Kinross Gold
KGC
$27.6B
| $2.87M | 0.03% |
762,132
+384,175
| +102% | +$1.45M |
|
174
Quanta Services
PWR
$56.3B
| $2.86M | 0.03% |
85,568
+53,170
| +164% | +$1.78M |
|
175
Delta Air Lines
DAL
$40.3B
| $2.84M | 0.03% |
57,254
+8,232
| +17% | +$408K |
|