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
|
+$4.16B |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$3.37B |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.19B |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$43.3M |
| 5 |
Oracle
ORCL
|
+$32.3M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.48% |
| 2 | Energy | 2.06% |
| 3 | Financials | 1.14% |
| 4 | Materials | 0.95% |
| 5 | Healthcare | 0.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Host Hotels & Resorts
HST
$16.8B
| $881K | 0.01% |
+52,218
| New | +$922K |
|
202
IAMGOLD
IAG
$8.47B
| $881K | 0.01% |
+210,200
| New | +$1.12M |
|
203
Boston Properties
BXP
$11B
| $866K | 0.01% |
+8,215
| New | +$892K |
|
|
DNR
204
DELISTED
Denbury Resources, Inc.
DNR
| $859K | 0.01% |
+49,594
| New | +$891K |
|
|
HOLX
205
DELISTED
Hologic
HOLX
| $845K | 0.01% |
+43,800
| New | +$915K |
|
|
TUP
206
DELISTED
Tupperware Brands Corporation
TUP
| $839K | 0.01% |
+10,800
| New | +$873K |
|
|
XEC
207
DELISTED
CIMAREX ENERGY CO
XEC
| $833K | 0.01% |
+12,820
| New | +$911K |
|
208
AGNC Investment
AGNC
$12.3B
| $830K | 0.01% |
+36,090
| New | +$1.04M |
|
209
Federal Realty Investment Trust
FRT
$10.9B
| $819K | 0.01% |
+7,900
| New | +$873K |
|
210
The Mosaic Company
MOS
$7.09B
| $818K | 0.01% |
+15,200
| New | +$904K |
|
211
CNX Resources
CNX
$4.85B
| $814K | 0.01% |
+36,024
| New | +$992K |
|
212
Mettler-Toledo International
MTD
$26.8B
| $805K | 0.01% |
+4,000
| New | +$852K |
|
|
WDR
213
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $792K | 0.01% |
+18,213
| New | +$803K |
|
214
CF Industries
CF
$19.2B
| $789K | 0.01% |
+23,000
| New | +$859K |
|
215
Starwood Property Trust
STWD
$6.12B
| $785K | 0.01% |
+39,314
| New | +$839K |
|
|
TRQ
216
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $767K | 0.01% |
+16,848
| New | +$842K |
|
|
IHS
217
DELISTED
IHS INC CL-A COM STK
IHS
| $762K | 0.01% |
+7,300
| New | +$748K |
|
218
Alaska Air
ALK
$5.15B
| $754K | 0.01% |
+29,000
| New | +$855K |
|
|
AVP
219
DELISTED
Avon Products, Inc.
AVP
| $753K | 0.01% |
+35,800
| New | +$804K |
|
220
Martin Marietta Materials
MLM
$33.6B
| $738K | 0.01% |
+7,500
| New | +$779K |
|
221
Realty Income
O
$61.2B
| $729K | 0.01% |
+17,957
| New | +$830K |
|
222
Invesco
IVZ
$13.3B
| $693K | 0.01% |
+21,800
| New | +$697K |
|
|
DRE
223
DELISTED
Duke Realty Corp.
DRE
| $677K | 0.01% |
+43,409
| New | +$739K |
|
224
TJX Companies
TJX
$170B
| $661K | 0.01% |
+26,398
| New | +$651K |
|
225
Chubb
CB
$140B
| $652K | 0.01% |
+7,285
| New | +$653K |
|
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Bridgewater Associates's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Bridgewater Associates, which disclosed 323 positions worth $11.4B. Its ten largest holdings account for 90% of the portfolio.
Its largest position is Vanguard FTSE Emerging Markets ETF: 99,189,020 shares worth $3.85B.
By sector, the portfolio is most concentrated in Technology at 2.5% of assets, followed by Energy and Financials.
- Bridgewater Associates's largest Q2 2013 buy was Vanguard FTSE Emerging Markets ETF: 99,189,020 shares worth $3.85B.
- Bridgewater Associates's ten largest holdings make up 90% of its $11.4B portfolio in Q2 2013.
- Bridgewater Associates disclosed 323 positions in Q2 2013, its first 13F filing on record.
Based on Bridgewater Associates's 13F filing for Q2 2013, filed 13 Aug 2013.