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 |
SPDR S&P 500 ETF Trust
SPY
|
$146M |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
$96.8M |
| 3 |
HP
HPQ
|
$17.5M |
| 4 |
IBM
IBM
|
$16.8M |
| 5 |
Micron Technology
MU
|
$13.6M |
Top Sells
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
$294M |
| 2 |
F5
FFIV
|
$22.6M |
| 3 |
ANDV
Andeavor
ANDV
|
$20.1M |
| 4 |
Franklin Resources
BEN
|
$18.3M |
| 5 |
Cognizant
CTSH
|
$17.9M |
Sector Composition
| 1 | Technology | 2.18% |
| 2 | Energy | 1.76% |
| 3 | Healthcare | 1.18% |
| 4 | Consumer Discretionary | 1.12% |
| 5 | Materials | 0.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vanguard FTSE Emerging Markets ETF
VWO
$96.4B
| $4.08B | 34.35% | 101,601,162 +2,412,142 | +2% | +$96.8M |
|
|
2
SPDR S&P 500 ETF Trust
SPY
$658B
| $3.48B | 29.28% | 20,689,200 +870,300 | +4% | +$146M |
|
|
3
iShares MSCI Emerging Markets ETF
EEM
$19B
| $3.01B | 25.37% | 73,912,030 -7,207,648 | -9% | -$294M |
|
4
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.5B
| $41.3M | 0.35% | 363,755 | – | – |
|
|
5
Micron Technology
MU
$133B
| $34.9M | 0.29% | 1,997,717 +778,557 | +64% | +$13.6M |
|
6
iShares Core S&P 500 ETF
IVV
$662B
| $29.6M | 0.25% | 175,000 | – | – |
|
7
Oracle
ORCL
$635B
| $25.2M | 0.21% | 760,482 -213,100 | -22% | -$7.07M |
|
|
8
IBM
IBM
$227B
| $22.8M | 0.19% | 123,120 +90,900 | +282% | +$16.8M |
|
|
AGN
9
DELISTED
ALLERGAN INC
AGN
| $20.4M | 0.17% | 226,041 -23,300 | -9% | -$2.11M |
|
10
Suncor Energy
SU
$50.1B
| $18.1M | 0.15% | 506,400 -65,100 | -11% | -$2.33M |
|
|
11
HP
HPQ
$26.7B
| $17.5M | 0.15% | +832,400 | New | +$17.5M |
|
12
Intel
INTC
$107B
| $16.6M | 0.14% | 725,853 +152,000 | +26% | +$3.48M |
|
13
Baxter International
BAX
$12.7B
| $16.5M | 0.14% | 251,063 +193,983 | +340% | +$12.7M |
|
14
Southern Copper
SCCO
$78B
| $15.1M | 0.13% | 553,730 +225,507 | +69% | +$6.14M |
|
|
RHT
15
DELISTED
Red Hat Inc
RHT
| $14.7M | 0.12% | 317,506 +73,664 | +30% | +$3.4M |
|
16
Valero Energy
VLO
$47.2B
| $14.2M | 0.12% | 415,457 -130,800 | -24% | -$4.47M |
|
17
Home Depot
HD
$405B
| $13.6M | 0.11% | 179,680 +65,600 | +58% | +$4.98M |
|
18
Ralph Lauren
RL
$18B
| $13.6M | 0.11% | +82,536 | New | +$13.6M |
|
|
ESRX
19
DELISTED
Express Scripts Holding Company
ESRX
| $13.5M | 0.11% | 218,588 +84,300 | +63% | +$5.21M |
|
20
Intuitive Surgical
ISRG
$170B
| $13.5M | 0.11% | 35,798 +25,439 | +246% | +$9.57M |
|
21
Imperial Oil
IMO
$46.2B
| $12.6M | 0.11% | 286,400 -52,400 | -15% | -$2.31M |
|
22
American Express
AXP
$231B
| $12.3M | 0.1% | 163,037 +33,500 | +26% | +$2.53M |
|
23
GE Aerospace
GE
$292B
| $12.2M | 0.1% | +511,776 | New | +$12.2M |
|
24
UnitedHealth
UNH
$281B
| $12M | 0.1% | 168,069 -57,700 | -26% | -$4.13M |
|
25
Sysco
SYY
$38.5B
| $12M | 0.1% | +376,930 | New | +$12M |
|