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 | |
|---|---|---|---|---|---|---|
|
CLR
201
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $857K | 0.01% |
16,183
-3,212
| -17% | -$170K |
|
202
BlackBerry
BB
$2.31B
| $831K | 0.01% |
74,136
-44,489
| -38% | -$499K |
|
203
HF Sinclair
DINO
$9.56B
| $826K | 0.01% |
+16,123
| New | +$826K |
|
204
Equinix
EQIX
$75.7B
| $790K | 0.01% |
+1,742
| New | +$790K |
|
205
AngloGold Ashanti
AU
$30.2B
| $746K | 0.01% |
73,180
-3,834
| -5% | -$39.1K |
|
206
APA Corp
APA
$8.14B
| $704K | 0.01% |
16,677
-2,521
| -13% | -$106K |
|
207
Atmos Energy
ATO
$26.7B
| $687K | 0.01% |
+8,004
| New | +$687K |
|
208
Mondelez International
MDLZ
$79.9B
| $686K | 0.01% |
+16,028
| New | +$686K |
|
209
Intercontinental Exchange
ICE
$99.8B
| $678K | 0.01% |
9,608
-9,873
| -51% | -$697K |
|
210
Delta Air Lines
DAL
$39.9B
| $675K | 0.01% |
12,061
+3,581
| +42% | +$200K |
|
211
Coterra Energy
CTRA
$18.3B
| $642K | 0.01% |
22,451
-2,601
| -10% | -$74.4K |
|
212
EQT Corp
EQT
$32.2B
| $640K | 0.01% |
20,650
+3,674
| +22% | +$114K |
|
|
HES
213
DELISTED
Hess
HES
| $639K | 0.01% |
13,456
-2,901
| -18% | -$138K |
|
214
Gold Fields
GFI
$30.8B
| $638K | 0.01% |
148,479
-6,070
| -4% | -$26.1K |
|
|
MRO
215
DELISTED
Marathon Oil Corporation
MRO
| $631K | 0.01% |
37,247
-5,325
| -13% | -$90.2K |
|
|
NBL
216
DELISTED
Noble Energy, Inc.
NBL
| $624K | 0.01% |
21,404
-4,259
| -17% | -$124K |
|
|
JWN
217
DELISTED
Nordstrom
JWN
| $620K | 0.01% |
+13,089
| New | +$620K |
|
218
Hershey
HSY
$37.6B
| $588K | ﹤0.01% |
+5,180
| New | +$588K |
|
|
SPLK
219
DELISTED
Splunk Inc
SPLK
| $588K | ﹤0.01% |
7,104
-33,859
| -83% | -$2.8M |
|
220
Equity Residential
EQR
$25.5B
| $573K | ﹤0.01% |
8,991
+5,898
| +191% | +$376K |
|
|
KL
221
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $568K | ﹤0.01% |
36,909
-3,126
| -8% | -$48.1K |
|
222
B2Gold
BTG
$5.52B
| $552K | ﹤0.01% |
178,166
-9,022
| -5% | -$28K |
|
|
VRN
223
DELISTED
Veren
VRN
| $541K | ﹤0.01% |
70,725
-45,370
| -39% | -$347K |
|
224
Teva Pharmaceuticals
TEVA
$21.7B
| $525K | ﹤0.01% |
27,700
| – | – |
|
225
Flex
FLEX
$20.8B
| $522K | ﹤0.01% |
+38,510
| New | +$522K |
|