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 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
$84M |
| 2 |
Royal Bank of Canada
RY
|
$32.3M |
| 3 |
Toronto Dominion Bank
TD
|
$32M |
| 4 |
Cummins
CMI
|
$31.3M |
| 5 |
Toll Brothers
TOL
|
$29.5M |
Top Sells
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
$176M |
| 2 |
SPDR S&P 500 ETF Trust
SPY
|
$148M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
$71M |
| 4 |
NFX
Newfield Exploration
NFX
|
$34.3M |
| 5 |
Procter & Gamble
PG
|
$30.9M |
Sector Composition
| 1 | Financials | 3.42% |
| 2 | Healthcare | 2.95% |
| 3 | Consumer Discretionary | 2.83% |
| 4 | Energy | 2.39% |
| 5 | Industrials | 2.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
PX
201
DELISTED
Praxair Inc
PX
| $1.93M | 0.02% |
12,191
-2,477
| -17% | -$392K |
|
|
GAP
202
The Gap, Inc.
GAP
$8.92B
| $1.9M | 0.02% |
58,755
-197,509
| -77% | -$6.4M |
|
203
General Dynamics
GD
$86.5B
| $1.87M | 0.02% |
+10,049
| New | +$1.87M |
|
204
Brown-Forman Class B
BF.B
$13.1B
| $1.86M | 0.02% |
37,942
+14,356
| +61% | +$704K |
|
205
Newmont
NEM
$83.4B
| $1.82M | 0.02% |
48,314
-528
| -1% | -$19.9K |
|
206
Trimble
TRMB
$19.3B
| $1.8M | 0.02% |
54,787
+22,606
| +70% | +$742K |
|
207
Amazon
AMZN
$2.52T
| $1.77M | 0.02% |
+20,840
| New | +$1.77M |
|
|
TSS
208
DELISTED
Total System Services, Inc.
TSS
| $1.76M | 0.02% |
20,807
-2,607
| -11% | -$220K |
|
209
Factset
FDS
$14.2B
| $1.75M | 0.02% |
8,823
-2,288
| -21% | -$453K |
|
|
VRN
210
DELISTED
Veren
VRN
| $1.71M | 0.02% |
232,216
+162,930
| +235% | +$1.2M |
|
211
NVR
NVR
$23.5B
| $1.69M | 0.02% |
568
+271
| +91% | +$805K |
|
212
Altria Group
MO
$110B
| $1.67M | 0.02% |
+29,484
| New | +$1.67M |
|
213
State Street
STT
$31.7B
| $1.65M | 0.02% |
+17,758
| New | +$1.65M |
|
214
Royal Gold
RGLD
$12.2B
| $1.64M | 0.02% |
17,623
-10,363
| -37% | -$962K |
|
215
Affiliated Managers Group
AMG
$6.56B
| $1.63M | 0.02% |
+10,986
| New | +$1.63M |
|
216
Yum China
YUMC
$16.3B
| $1.62M | 0.02% |
+42,209
| New | +$1.62M |
|
217
Avery Dennison
AVY
$13.1B
| $1.62M | 0.02% |
15,820
-12,153
| -43% | -$1.24M |
|
|
DFS
218
DELISTED
Discover Financial Services
DFS
| $1.61M | 0.02% |
22,887
+4,783
| +26% | +$337K |
|
|
FLIR
219
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $1.52M | 0.02% |
29,240
+21,369
| +271% | +$1.11M |
|
220
Reliance Steel & Aluminium
RS
$15.7B
| $1.47M | 0.01% |
16,731
-20,074
| -55% | -$1.76M |
|
221
Xylem
XYL
$34B
| $1.44M | 0.01% |
+21,337
| New | +$1.44M |
|
222
IDEX
IEX
$12.4B
| $1.44M | 0.01% |
10,518
+4,637
| +79% | +$633K |
|
223
Southern Copper
SCCO
$83.6B
| $1.42M | 0.01% |
31,824
-437
| -1% | -$19.5K |
|
224
Cheesecake Factory
CAKE
$3.01B
| $1.41M | 0.01% |
25,685
-24,549
| -49% | -$1.35M |
|
|
GOLD
225
DELISTED
Randgold Resources Ltd
GOLD
| $1.32M | 0.01% |
17,111
+581
| +4% | +$44.8K |
|