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
|
$422M |
| 2 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
$187M |
| 3 |
iShares MSCI South Korea ETF
EWY
|
$93.4M |
| 4 |
Molson Coors Class B
TAP
|
$27.4M |
| 5 |
UnitedHealth
UNH
|
$26.2M |
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
$176M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
$46.5M |
| 3 |
Bristol-Myers Squibb
BMY
|
$21.1M |
| 4 |
Intel
INTC
|
$20.7M |
| 5 |
JNPR
Juniper Networks
JNPR
|
$20.3M |
Sector Composition
| 1 | Energy | 2.75% |
| 2 | Technology | 2.62% |
| 3 | Consumer Discretionary | 2.44% |
| 4 | Financials | 1.98% |
| 5 | Healthcare | 1.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vanguard FTSE Emerging Markets ETF
VWO
$96.4B
| $3.3B | 31.34% | 92,202,194 +11,789,340 | +15% | +$422M |
|
|
2
iShares MSCI Emerging Markets ETF
EEM
$19B
| $2.44B | 23.17% | 69,668,055 -1,328,685 | -2% | -$46.5M |
|
|
3
SPDR S&P 500 ETF Trust
SPY
$658B
| $2.26B | 21.44% | 10,098,300 -789,000 | -7% | -$176M |
|
|
4
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
| $243M | 2.3% | 5,713,056 +4,393,736 | +333% | +$187M |
|
5
iShares MSCI Brazil ETF
EWZ
$5.45B
| $177M | 1.68% | 5,296,211 +722,400 | +16% | +$24.1M |
|
6
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.5B
| $115M | 1.09% | 979,155 +59,300 | +6% | +$6.95M |
|
|
7
iShares MSCI South Korea ETF
EWY
$5.13B
| $99.2M | 0.94% | 1,863,409 +1,754,589 | +1,612% | +$93.4M |
|
8
Apple
AAPL
$3.45T
| $48.2M | 0.46% | 416,500 +69,900 | +20% | +$8.1M |
|
9
Microsoft
MSFT
$3.77T
| $40.5M | 0.39% | 652,548 +29,000 | +5% | +$1.8M |
|
10
iShares Core S&P 500 ETF
IVV
$662B
| $39.4M | 0.37% | 175,000 | – | – |
|
|
11
Intel
INTC
$107B
| $34.5M | 0.33% | 952,343 -570,700 | -37% | -$20.7M |
|
12
Suncor Energy
SU
$50.1B
| $33.7M | 0.32% | 1,022,700 +25,800 | +3% | +$849K |
|
|
13
Molson Coors Class B
TAP
$9.98B
| $27.7M | 0.26% | 284,700 +281,596 | +9,072% | +$27.4M |
|
|
14
UnitedHealth
UNH
$281B
| $26.2M | 0.25% | +163,900 | New | +$26.2M |
|
15
Lumen
LUMN
$5.1B
| $25.7M | 0.24% | 1,081,241 +636,616 | +143% | +$15.1M |
|
16
Cisco
CSCO
$274B
| $25.5M | 0.24% | 845,390 -14,200 | -2% | -$429K |
|
|
ENDP
17
DELISTED
Endo International plc
ENDP
| $25.3M | 0.24% | 1,537,036 +649,743 | +73% | +$10.7M |
|
|
SWN
18
DELISTED
Southwestern Energy Company
SWN
| $25.2M | 0.24% | 2,327,323 +877,700 | +61% | +$9.5M |
|
|
ESRX
19
DELISTED
Express Scripts Holding Company
ESRX
| $24.2M | 0.23% | 352,411 -50,807 | -13% | -$3.49M |
|
|
BBBY
20
DELISTED
Bed Bath & Beyond Inc
BBBY
| $23.8M | 0.23% | 584,950 +269,140 | +85% | +$10.9M |
|
|
AET
21
DELISTED
Aetna Inc
AET
| $23.4M | 0.22% | +189,000 | New | +$23.4M |
|
|
NE
22
DELISTED
Noble Corporation
NE
| $22.3M | 0.21% | 3,761,230 +452,700 | +14% | +$2.68M |
|
23
Canadian Natural Resources
CNQ
$65.9B
| $22.1M | 0.21% | 693,337 +40,218 | +6% | +$1.28M |
|
24
GameStop
GME
$10B
| $22.1M | 0.21% | 875,601 +757,901 | +644% | +$19.1M |
|
|
RHT
25
DELISTED
Red Hat Inc
RHT
| $19.1M | 0.18% | 273,800 +224,837 | +459% | +$15.7M |
|