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 |
PG&E
PCG
|
$38M |
| 2 |
iShares MSCI Brazil ETF
EWZ
|
$37.4M |
| 3 |
CVS Health
CVS
|
$30.5M |
| 4 |
Cardinal Health
CAH
|
$29.1M |
| 5 |
CELG
Celgene Corp
CELG
|
$21.4M |
Top Sells
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
$1.55B |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
$890M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
$526M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
$42.8M |
| 5 |
Kroger
KR
|
$42.3M |
Sector Composition
| 1 | Healthcare | 1.72% |
| 2 | Consumer Discretionary | 1.46% |
| 3 | Financials | 1.05% |
| 4 | Materials | 0.96% |
| 5 | Energy | 0.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
Southern Copper
SCCO
$83.6B
| $1.61M | 0.01% |
35,690
-7,758
| -18% | -$351K |
|
177
United Rentals
URI
$62.7B
| $1.61M | 0.01% |
9,375
-73,252
| -89% | -$12.6M |
|
|
PTR
178
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $1.61M | 0.01% |
23,039
-2,009
| -8% | -$140K |
|
179
Booking.com
BKNG
$178B
| $1.59M | 0.01% |
915
-442
| -33% | -$768K |
|
180
MSCI
MSCI
$42.9B
| $1.54M | 0.01% |
+12,130
| New | +$1.54M |
|
|
XEC
181
DELISTED
CIMAREX ENERGY CO
XEC
| $1.45M | 0.01% |
11,886
+6,926
| +140% | +$845K |
|
182
Marsh & McLennan
MMC
$100B
| $1.44M | 0.01% |
+17,633
| New | +$1.44M |
|
183
Thomson Reuters
TRI
$78.7B
| $1.35M | 0.01% |
27,054
-19,037
| -41% | -$951K |
|
|
PXD
184
DELISTED
Pioneer Natural Resource Co.
PXD
| $1.28M | 0.01% |
7,407
-1,469
| -17% | -$254K |
|
|
APC
185
DELISTED
Anadarko Petroleum
APC
| $1.26M | 0.01% |
23,525
-3,587
| -13% | -$192K |
|
186
OGE Energy
OGE
$8.89B
| $1.22M | 0.01% |
+37,000
| New | +$1.22M |
|
187
Cenovus Energy
CVE
$28.7B
| $1.21M | 0.01% |
131,967
-84,809
| -39% | -$777K |
|
188
Royal Gold
RGLD
$12.2B
| $1.16M | 0.01% |
14,132
-638
| -4% | -$52.4K |
|
|
AIV
189
Aimco
AIV
$1.11B
| $1.06M | 0.01% |
181,162
+75,354
| +71% | +$439K |
|
190
Intuit
INTU
$188B
| $1.04M | 0.01% |
+6,560
| New | +$1.04M |
|
191
Gildan
GIL
$8.27B
| $1.02M | 0.01% |
31,509
-18,836
| -37% | -$610K |
|
|
AUY
192
DELISTED
Yamana Gold, Inc.
AUY
| $999K | 0.01% |
319,802
-29,489
| -8% | -$92.1K |
|
193
Urban Outfitters
URBN
$6.35B
| $979K | 0.01% |
27,934
-161,019
| -85% | -$5.64M |
|
|
SJR
194
DELISTED
Shaw Communications Inc.
SJR
| $962K | 0.01% |
42,014
-34,943
| -45% | -$800K |
|
|
CXO
195
DELISTED
CONCHO RESOURCES INC.
CXO
| $957K | 0.01% |
6,368
-1,337
| -17% | -$201K |
|
196
Wynn Resorts
WYNN
$12.6B
| $950K | 0.01% |
+5,635
| New | +$950K |
|
|
TIF
197
DELISTED
Tiffany & Co.
TIF
| $935K | 0.01% |
8,997
+3,639
| +68% | +$378K |
|
198
Bausch Health
BHC
$2.72B
| $875K | 0.01% |
41,855
-28,414
| -40% | -$594K |
|
199
Fidelity National Financial
FNF
$16.5B
| $875K | 0.01% |
+23,186
| New | +$875K |
|
200
Franklin Resources
BEN
$13B
| $870K | 0.01% |
+20,088
| New | +$870K |
|