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 |
Walmart Inc
WMT
|
+$228M |
| 2 |
Procter & Gamble
PG
|
+$208M |
| 3 |
Johnson & Johnson
JNJ
|
+$184M |
| 4 |
Coca-Cola
KO
|
+$140M |
| 5 |
PepsiCo
PEP
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$485M |
| 2 |
Mondelez International
MDLZ
|
+$107M |
| 3 |
General Mills
GIS
|
+$40.7M |
| 4 |
Archer Daniels Midland
ADM
|
+$40.5M |
| 5 |
WBA
Walgreens Boots Alliance
WBA
|
+$40.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 28.39% |
| 2 | Healthcare | 17.39% |
| 3 | Consumer Discretionary | 15% |
| 4 | Financials | 5.26% |
| 5 | Technology | 4.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Carrier Global
CARR
$52.5B
| $16.4M | 0.11% |
336,646
+23,386
| +7% | +$1.05M |
|
152
Cardinal Health
CAH
$54.5B
| $16.3M | 0.1% |
285,333
+121,240
| +74% | +$7.08M |
|
153
Masco
MAS
$16.5B
| $16.2M | 0.1% |
275,764
+14,713
| +6% | +$907K |
|
154
Pool Corp
POOL
$7B
| $15.8M | 0.1% |
34,466
+7,323
| +27% | +$3.08M |
|
155
Agilent Technologies
A
$39.7B
| $15.7M | 0.1% |
+106,234
| New | +$14.5M |
|
156
LKQ Corp
LKQ
$6.77B
| $15.7M | 0.1% |
318,821
+29,168
| +10% | +$1.39M |
|
157
Pultegroup
PHM
$25.7B
| $15.6M | 0.1% |
286,180
+8,148
| +3% | +$456K |
|
158
T. Rowe Price
TROW
$26.1B
| $15.5M | 0.1% |
78,130
+10,175
| +15% | +$1.9M |
|
|
MASI
159
DELISTED
Masimo
MASI
| $15.4M | 0.1% |
63,600
+25,147
| +65% | +$5.74M |
|
|
BNY
160
Bank of New York Mellon
BNY
$106B
| $15.4M | 0.1% |
300,234
-553
| -0.2% | -$27.7K |
|
161
Emerson Electric
EMR
$85B
| $15.4M | 0.1% |
+159,777
| New | +$15M |
|
|
ABMD
162
DELISTED
Abiomed Inc
ABMD
| $15.3M | 0.1% |
48,921
+17,920
| +58% | +$5.5M |
|
163
Eaton
ETN
$150B
| $15.1M | 0.1% |
+101,747
| New | +$14.7M |
|
164
Southern Copper
SCCO
$140B
| $15M | 0.1% |
+252,097
| New | +$16.4M |
|
165
Dentsply Sirona
XRAY
$2.7B
| $14.9M | 0.1% |
235,771
+98,913
| +72% | +$6.52M |
|
166
Adobe
ADBE
$99B
| $14.9M | 0.1% |
+25,380
| New | +$13.1M |
|
167
Whirlpool
WHR
$2.49B
| $14.7M | 0.09% |
67,381
+3,119
| +5% | +$727K |
|
168
TE Connectivity
TEL
$62.1B
| $14.6M | 0.09% |
+108,137
| New | +$14.5M |
|
169
Vipshop
VIPS
$7.13B
| $14.6M | 0.09% |
724,971
-26,130
| -3% | -$657K |
|
170
Mohawk Industries
MHK
$7.14B
| $14.5M | 0.09% |
75,306
+5,481
| +8% | +$1.12M |
|
171
Casey's General Stores
CASY
$31.7B
| $14.5M | 0.09% |
74,279
+24,557
| +49% | +$5.29M |
|
172
Lennox International
LII
$18.9B
| $14.4M | 0.09% |
40,971
+2,504
| +7% | +$845K |
|
173
Fortune Brands Innovations
FBIN
$6.09B
| $14.1M | 0.09% |
165,536
+2,117
| +1% | +$185K |
|
174
Freshpet
FRPT
$3.01B
| $13.7M | 0.09% |
83,995
+29,632
| +55% | +$5.05M |
|
175
Texas Roadhouse
TXRH
$13.5B
| $13.6M | 0.09% |
141,442
+45,497
| +47% | +$4.48M |
|
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Bridgewater Associates's Q2 2021 Portfolio in Review
As of Q2 2021, Bridgewater Associates held 784 positions worth $15.6B, up 37% from $11.3B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Bridgewater Associates deployed $3.72B of net new capital in Q2 2021, opening 329 new positions and adding to 255 existing holdings. Its largest new stake was Linde: 103,503 shares worth $29.9M.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, up from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $485M trimmed.
- Bridgewater Associates's largest Q2 2021 buy was Linde: 103,503 shares worth $29.9M.
- Bridgewater Associates added most to Walmart Inc in Q2 2021, an estimated $228M increase.
- Bridgewater Associates's biggest Q2 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $485M.
- Bridgewater Associates fully exited Mondelez International in Q2 2021, selling an estimated $107M.
- Bridgewater Associates's ten largest holdings make up 33% of its $15.6B portfolio in Q2 2021.
- Bridgewater Associates opened 329 new positions and closed 80 in Q2 2021.
- Bridgewater Associates's portfolio value rose 37% quarter-over-quarter to $15.6B.
Based on Bridgewater Associates's 13F filing for Q2 2021, filed 13 Aug 2021.