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 Brazil ETF
EWZ
|
+$86.6M |
| 2 |
LyondellBasell Industries
LYB
|
+$20.9M |
| 3 |
SPLS
Staples Inc
SPLS
|
+$20.2M |
| 4 |
B
Barrick Mining
B
|
+$16.1M |
| 5 |
Parker-Hannifin
PH
|
+$15M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$165M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$157M |
| 3 |
Micron Technology
MU
|
+$23.6M |
| 4 |
VMW
VMware, Inc
VMW
|
+$23.5M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 3.64% |
| 2 | Energy | 3.29% |
| 3 | Technology | 3.08% |
| 4 | Consumer Discretionary | 3.06% |
| 5 | Healthcare | 3.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
NRG Energy
NRG
$29.8B
| $1.8M | 0.02% |
120,149
-398,901
| -77% | -$5.91M |
|
202
Jones Lang LaSalle
JLL
$15.1B
| $1.72M | 0.02% |
+17,600
| New | +$2.02M |
|
203
B2Gold
BTG
$5.16B
| $1.68M | 0.02% |
+673,200
| New | +$1.36M |
|
204
Unum
UNM
$13.8B
| $1.66M | 0.02% |
+52,300
| New | +$1.77M |
|
|
N
205
DELISTED
Netsuite Inc
N
| $1.65M | 0.02% |
+22,600
| New | +$1.73M |
|
|
NGD
206
DELISTED
New Gold Inc
NGD
| $1.56M | 0.02% |
358,700
-51,700
| -13% | -$218K |
|
207
East-West Bancorp
EWBC
$17.9B
| $1.55M | 0.02% |
+45,300
| New | +$1.63M |
|
208
ManpowerGroup
MAN
$2.39B
| $1.54M | 0.02% |
+23,900
| New | +$1.85M |
|
209
Lear
LEA
$7.19B
| $1.54M | 0.02% |
+15,100
| New | +$1.7M |
|
210
CSX Corp
CSX
$98.6B
| $1.5M | 0.02% |
172,800
-129,000
| -43% | -$1.12M |
|
211
Zions Bancorporation
ZION
$10.1B
| $1.49M | 0.02% |
+59,112
| New | +$1.57M |
|
212
Robert Half
RHI
$3.61B
| $1.48M | 0.02% |
+38,800
| New | +$1.59M |
|
213
Raymond James Financial
RJF
$32.5B
| $1.48M | 0.02% |
+45,000
| New | +$1.54M |
|
214
Flowserve
FLS
$9.25B
| $1.46M | 0.02% |
+32,400
| New | +$1.52M |
|
|
TFCFA
215
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $1.44M | 0.02% |
53,200
-151,100
| -74% | -$4.4M |
|
|
PTR
216
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $1.41M | 0.02% |
20,809
| – | – |
|
217
Celanese
CE
$5.09B
| $1.41M | 0.02% |
+21,500
| New | +$1.49M |
|
|
TIF
218
DELISTED
Tiffany & Co.
TIF
| $1.39M | 0.02% |
+22,900
| New | +$1.52M |
|
219
Cameco
CCJ
$38.3B
| $1.39M | 0.02% |
126,900
+1,300
| +1% | +$15.4K |
|
|
CIT
220
DELISTED
CIT Group Inc.
CIT
| $1.35M | 0.02% |
42,400
-5,600
| -12% | -$182K |
|
221
KeyCorp
KEY
$24.3B
| $1.33M | 0.02% |
+120,100
| New | +$1.43M |
|
222
AMC Global Media
AMCX
$430M
| $1.31M | 0.02% |
21,728
+15,395
| +243% | +$979K |
|
|
MRSH
223
Marsh
MRSH
$86.3B
| $1.29M | 0.02% |
18,890
-20,800
| -52% | -$1.34M |
|
224
Dover
DOV
$27.2B
| $1.28M | 0.02% |
+22,903
| New | +$1.23M |
|
225
Wabtec
WAB
$51.1B
| $1.24M | 0.02% |
+17,699
| New | +$1.38M |
|
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Bridgewater Associates's Q2 2016 Portfolio in Review
As of Q2 2016, Bridgewater Associates held 392 positions worth $7.98B, up 0.98% from $7.9B the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Bridgewater Associates's Q2 2016 filing shows 139 new, 92 increased, 106 reduced and 52 closed positions. Its largest new stake was Parker-Hannifin: 133,700 shares worth $14.4M. The largest sale was Vanguard FTSE Emerging Markets ETF, an estimated $165M.
By sector, the portfolio is most concentrated in Materials at 3.6% of assets, up from 2.3% a quarter earlier, followed by Energy and Technology.
- Bridgewater Associates's largest Q2 2016 buy was Parker-Hannifin: 133,700 shares worth $14.4M.
- Bridgewater Associates added most to iShares MSCI Brazil ETF in Q2 2016, an estimated $86.6M increase.
- Bridgewater Associates's biggest Q2 2016 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $165M.
- Bridgewater Associates fully exited Micron Technology in Q2 2016, selling an estimated $23.6M.
- Bridgewater Associates's ten largest holdings make up 79% of its $7.98B portfolio in Q2 2016.
- Bridgewater Associates opened 139 new positions and closed 52 in Q2 2016.
- Bridgewater Associates's portfolio value rose 0.98% quarter-over-quarter to $7.98B.
Based on Bridgewater Associates's 13F filing for Q2 2016, filed 10 Aug 2016.