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 |
Vanguard FTSE Emerging Markets ETF
VWO
|
$137M |
| 2 |
Microsoft
MSFT
|
$19.9M |
| 3 |
Gen Digital
GEN
|
$19M |
| 4 |
Intel
INTC
|
$17.5M |
| 5 |
Gilead Sciences
GILD
|
$14.8M |
Top Sells
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
$321M |
| 2 |
American Express
AXP
|
$18.2M |
| 3 |
PepsiCo
PEP
|
$17.3M |
| 4 |
Intuitive Surgical
ISRG
|
$16.1M |
| 5 |
CTXS
Citrix Systems Inc
CTXS
|
$14.7M |
Sector Composition
| 1 | Technology | 2.64% |
| 2 | Energy | 2.12% |
| 3 | Healthcare | 1.28% |
| 4 | Materials | 1.26% |
| 5 | Industrials | 0.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vanguard FTSE Emerging Markets ETF
VWO
$96.4B
| $4.28B | 35.02% | 105,484,837 +3,387,077 | +3% | +$137M |
|
2
SPDR S&P 500 ETF Trust
SPY
$658B
| $3.57B | 29.25% | 19,115,300 -71,500 | -0.4% | -$13.4M |
|
|
3
iShares MSCI Emerging Markets ETF
EEM
$19B
| $2.85B | 23.35% | 69,596,365 -7,826,065 | -10% | -$321M |
|
4
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.5B
| $46.6M | 0.38% | 398,455 +21,100 | +6% | +$2.47M |
|
|
5
Microsoft
MSFT
$3.77T
| $36.6M | 0.3% | 892,645 +485,845 | +119% | +$19.9M |
|
6
iShares Core S&P 500 ETF
IVV
$662B
| $32.9M | 0.27% | 175,000 | – | – |
|
7
Verizon
VZ
$186B
| $29.5M | 0.24% | 620,465 +162,841 | +36% | +$7.75M |
|
8
IBM
IBM
$227B
| $26M | 0.21% | 135,020 -32,800 | -20% | -$6.31M |
|
9
Johnson & Johnson
JNJ
$427B
| $25.8M | 0.21% | 262,993 +149,800 | +132% | +$14.7M |
|
|
10
Gen Digital
GEN
$18.6B
| $25.7M | 0.21% | 1,286,229 +953,478 | +287% | +$19M |
|
11
Cisco
CSCO
$274B
| $24.2M | 0.2% | 1,080,780 +564,200 | +109% | +$12.6M |
|
12
Apple
AAPL
$3.45T
| $23.2M | 0.19% | 43,271 +1,900 | +5% | +$1.02M |
|
13
Oracle
ORCL
$635B
| $23.1M | 0.19% | 565,282 -64,500 | -10% | -$2.64M |
|
|
14
Intel
INTC
$107B
| $19.7M | 0.16% | 761,353 +679,300 | +828% | +$17.5M |
|
|
15
Gilead Sciences
GILD
$140B
| $17.6M | 0.14% | 247,721 +209,100 | +541% | +$14.8M |
|
16
Ventas
VTR
$30.9B
| $17.5M | 0.14% | 289,346 -66,881 | -19% | -$4.05M |
|
17
Las Vegas Sands
LVS
$39.6B
| $17.4M | 0.14% | 215,484 -1,600 | -0.7% | -$129K |
|
18
Conagra Brands
CAG
$9.16B
| $17M | 0.14% | 547,809 +370,400 | +209% | +$11.5M |
|
19
Suncor Energy
SU
$50.1B
| $16.2M | 0.13% | 463,100 -68,200 | -13% | -$2.39M |
|
20
Qualcomm
QCOM
$173B
| $15.7M | 0.13% | 198,865 +6,800 | +4% | +$536K |
|
21
EOG Resources
EOG
$68.2B
| $15.3M | 0.13% | 77,969 +29,269 | +60% | +$5.74M |
|
22
Occidental Petroleum
OXY
$46.9B
| $15.1M | 0.12% | 158,700 +18,400 | +13% | +$1.75M |
|
23
Petrobras
PBR
$79.9B
| $13.2M | 0.11% | 1,007,300 +245,500 | +32% | +$3.23M |
|
24
Canadian Natural Resources
CNQ
$65.9B
| $13M | 0.11% | 339,000 -35,200 | -9% | -$1.35M |
|
25
RTX Corp
RTX
$212B
| $13M | 0.11% | 110,860 -46,700 | -30% | -$5.46M |
|