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 MSCI Emerging Markets ETF
EEM
|
$147M |
| 2 |
PepsiCo
PEP
|
$23.8M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
$20.4M |
| 4 |
CTXS
Citrix Systems Inc
CTXS
|
$17.2M |
| 5 |
Las Vegas Sands
LVS
|
$17.1M |
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
$277M |
| 2 |
Micron Technology
MU
|
$29M |
| 3 |
AGN
ALLERGAN INC
AGN
|
$20.6M |
| 4 |
Intel
INTC
|
$16.7M |
| 5 |
Valero Energy
VLO
|
$14.2M |
Sector Composition
| 1 | Technology | 2.39% |
| 2 | Energy | 2.15% |
| 3 | Materials | 1.21% |
| 4 | Healthcare | 0.97% |
| 5 | Consumer Discretionary | 0.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vanguard FTSE Emerging Markets ETF
VWO
$96.4B
| $4.2B | 33.7% | 102,097,760 +496,598 | +0.5% | +$20.4M |
|
|
2
SPDR S&P 500 ETF Trust
SPY
$658B
| $3.54B | 28.43% | 19,186,800 -1,502,400 | -7% | -$277M |
|
|
3
iShares MSCI Emerging Markets ETF
EEM
$19B
| $3.24B | 25.96% | 77,422,430 +3,510,400 | +5% | +$147M |
|
4
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.5B
| $43.1M | 0.35% | 377,355 +13,600 | +4% | +$1.55M |
|
5
iShares Core S&P 500 ETF
IVV
$662B
| $32.5M | 0.26% | 175,000 | – | – |
|
6
IBM
IBM
$227B
| $31.5M | 0.25% | 167,820 +44,700 | +36% | +$8.38M |
|
7
Oracle
ORCL
$635B
| $24.1M | 0.19% | 629,782 -130,700 | -17% | -$5M |
|
|
8
PepsiCo
PEP
$204B
| $23.8M | 0.19% | +286,977 | New | +$23.8M |
|
|
CTXS
9
DELISTED
Citrix Systems Inc
CTXS
| $23.3M | 0.19% | 368,637 +271,540 | +280% | +$17.2M |
|
10
Apple
AAPL
$3.45T
| $23.2M | 0.19% | 41,371 +17,100 | +70% | +$9.59M |
|
11
Verizon
VZ
$186B
| $22.5M | 0.18% | 457,624 +227,900 | +99% | +$11.2M |
|
12
Ventas
VTR
$30.9B
| $20.4M | 0.16% | 356,227 +262,860 | +282% | +$15.1M |
|
13
Suncor Energy
SU
$50.1B
| $18.6M | 0.15% | 531,300 +24,900 | +5% | +$873K |
|
14
American Express
AXP
$231B
| $18.2M | 0.15% | 200,437 +37,400 | +23% | +$3.39M |
|
|
BRCM
15
DELISTED
BROADCOM CORP CL-A
BRCM
| $18M | 0.14% | 608,828 +465,037 | +323% | +$13.8M |
|
16
RTX Corp
RTX
$212B
| $17.9M | 0.14% | 157,560 +54,100 | +52% | +$6.16M |
|
17
Welltower
WELL
$113B
| $17.5M | 0.14% | 325,964 +308,478 | +1,764% | +$16.5M |
|
|
18
Las Vegas Sands
LVS
$39.6B
| $17.1M | 0.14% | +217,084 | New | +$17.1M |
|
19
Devon Energy
DVN
$22.9B
| $16M | 0.13% | 259,138 +188,300 | +266% | +$11.7M |
|
20
Intuitive Surgical
ISRG
$170B
| $15.3M | 0.12% | 39,898 +4,100 | +11% | +$1.57M |
|
|
B
21
Barrick Mining Corporation
B
$45.4B
| $15.3M | 0.12% | 866,200 +386,700 | +81% | +$6.82M |
|
22
Microsoft
MSFT
$3.77T
| $15.2M | 0.12% | +406,800 | New | +$15.2M |
|
|
23
Micron Technology
MU
$133B
| $14.4M | 0.12% | 664,217 -1,333,500 | -67% | -$29M |
|
|
GG
24
DELISTED
Goldcorp Inc
GG
| $14.4M | 0.12% | 664,407 +318,000 | +92% | +$6.89M |
|
25
Qualcomm
QCOM
$173B
| $14.3M | 0.11% | 192,065 +40,700 | +27% | +$3.02M |
|