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 Brazil ETF
EWZ
|
$94.7M |
| 2 |
B
Barrick Mining Corporation
B
|
$19.3M |
| 3 |
LyondellBasell Industries
LYB
|
$18.9M |
| 4 |
SPLS
Staples Inc
SPLS
|
$18.3M |
| 5 |
Johnson & Johnson
JNJ
|
$15.7M |
Top Sells
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
$170M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
$161M |
| 3 |
Micron Technology
MU
|
$23.6M |
| 4 |
VMW
VMware, Inc
VMW
|
$23.3M |
| 5 |
SPDR S&P 500 ETF Trust
SPY
|
$21.2M |
Sector Composition
| 1 | Materials | 3.64% |
| 2 | Energy | 3.29% |
| 3 | Technology | 3.08% |
| 4 | Consumer Discretionary | 3.06% |
| 5 | Healthcare | 3.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vanguard FTSE Emerging Markets ETF
VWO
$96.4B
| $2.47B | 30.92% | 70,001,189 -4,829,600 | -6% | -$170M |
|
|
2
SPDR S&P 500 ETF Trust
SPY
$658B
| $2.14B | 26.84% | 10,221,200 -101,000 | -1% | -$21.2M |
|
|
3
iShares MSCI Emerging Markets ETF
EEM
$19B
| $1.31B | 16.45% | 38,191,833 -4,682,700 | -11% | -$161M |
|
|
4
iShares MSCI Brazil ETF
EWZ
$5.45B
| $125M | 1.57% | 4,157,211 +3,138,700 | +308% | +$94.7M |
|
5
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.5B
| $110M | 1.38% | 897,555 +53,400 | +6% | +$6.55M |
|
|
B
6
Barrick Mining Corporation
B
$45.4B
| $45.1M | 0.57% | 2,112,956 +903,853 | +75% | +$19.3M |
|
7
iShares Core S&P 500 ETF
IVV
$662B
| $36.8M | 0.46% | 175,000 | – | – |
|
|
GG
8
DELISTED
Goldcorp Inc
GG
| $32.9M | 0.41% | 1,719,325 +753,530 | +78% | +$14.4M |
|
9
Bread Financial
BFH
$3.09B
| $32.8M | 0.41% | 167,251 +59,087 | +55% | +$11.6M |
|
10
Intel
INTC
$107B
| $32.4M | 0.41% | 988,043 +2,100 | +0.2% | +$68.9K |
|
11
Gilead Sciences
GILD
$140B
| $31.3M | 0.39% | 374,672 +124,851 | +50% | +$10.4M |
|
|
12
LyondellBasell Industries
LYB
$18.1B
| $26.3M | 0.33% | 353,116 +253,400 | +254% | +$18.9M |
|
13
Cencora
COR
$56.5B
| $25.3M | 0.32% | 319,092 +75,100 | +31% | +$5.96M |
|
14
Agnico Eagle Mines
AEM
$72.4B
| $24.6M | 0.31% | 459,027 +204,100 | +80% | +$10.9M |
|
|
ESRX
15
DELISTED
Express Scripts Holding Company
ESRX
| $23.6M | 0.3% | 311,618 -82,600 | -21% | -$6.26M |
|
|
SPLS
16
DELISTED
Staples Inc
SPLS
| $22.7M | 0.29% | 2,637,617 +2,120,111 | +410% | +$18.3M |
|
17
Suncor Energy
SU
$50.1B
| $22.3M | 0.28% | 808,800 +312,800 | +63% | +$8.63M |
|
18
Wheaton Precious Metals
WPM
$45.6B
| $19.9M | 0.25% | 845,201 +373,581 | +79% | +$8.79M |
|
19
Pfizer
PFE
$141B
| $19.7M | 0.25% | 560,639 +100,600 | +22% | +$3.54M |
|
|
BBBY
20
DELISTED
Bed Bath & Beyond Inc
BBBY
| $19.7M | 0.25% | 455,501 -6,534 | -1% | -$282K |
|
|
JNPR
21
DELISTED
Juniper Networks
JNPR
| $19.6M | 0.25% | 871,009 +300,271 | +53% | +$6.75M |
|
22
Lumen
LUMN
$5.1B
| $18.8M | 0.24% | 648,370 +363,186 | +127% | +$10.5M |
|
|
NE
23
DELISTED
Noble Corporation
NE
| $18.6M | 0.23% | 2,254,112 +1,540,953 | +216% | +$12.7M |
|
24
Canadian Natural Resources
CNQ
$65.9B
| $16.6M | 0.21% | 539,719 +192,519 | +55% | +$5.91M |
|
25
MetLife
MET
$54.1B
| $16.5M | 0.21% | 415,045 +334,000 | +412% | +$13.3M |
|