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
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
$66.7M |
| 2 |
ENDP
Endo International plc
ENDP
|
$25.5M |
| 3 |
Cleveland-Cliffs
CLF
|
$16.7M |
| 4 |
Walt Disney
DIS
|
$14.7M |
| 5 |
Interpublic Group of Companies
IPG
|
$14.6M |
Sector Composition
| 1 | Consumer Discretionary | 2.42% |
| 2 | Energy | 2.05% |
| 3 | Technology | 1.4% |
| 4 | Healthcare | 1.37% |
| 5 | Financials | 1.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Vanguard FTSE Emerging Markets ETF
VWO
$96.4B
| $3.22B | 29.5% | 78,890,113 +6,706,497 | +9% | +$274M |
|
2
iShares MSCI Emerging Markets ETF
EEM
$19B
| $2.34B | 21.43% | 56,530,086 +17,409,308 | +45% | +$721M |
|
|
3
SPDR S&P 500 ETF Trust
SPY
$658B
| $2.32B | 21.25% | 9,596,593 -275,836 | -3% | -$66.7M |
|
4
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
| $345M | 3.16% | 6,898,234 +1,185,178 | +21% | +$59.3M |
|
5
iShares MSCI Brazil ETF
EWZ
$5.45B
| $214M | 1.96% | 6,263,655 +374,414 | +6% | +$12.8M |
|
6
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.5B
| $176M | 1.62% | 1,464,025 +472,370 | +48% | +$56.9M |
|
7
iShares MSCI South Korea ETF
EWY
$5.13B
| $152M | 1.39% | 2,242,611 +347,402 | +18% | +$23.6M |
|
8
iShares TIPS Bond ETF
TIP
$13.6B
| $140M | 1.28% | +1,233,390 | New | +$140M |
|
9
iShares Core S&P 500 ETF
IVV
$662B
| $100M | 0.92% | 411,309 +236,309 | +135% | +$57.5M |
|
10
iShares 20+ Year Treasury Bond ETF
TLT
$47.8B
| $92.2M | 0.84% | +736,892 | New | +$92.2M |
|
11
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $87.3M | 0.8% | 987,784 +896,981 | +988% | +$79.3M |
|
12
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$13.4B
| $77.7M | 0.71% | +679,266 | New | +$77.7M |
|
13
SPDR Gold Trust
GLD
$107B
| $68.1M | 0.62% | +577,264 | New | +$68.1M |
|
14
Vanguard FTSE Developed Markets ETF
VEA
$171B
| $57.7M | 0.53% | +1,397,315 | New | +$57.7M |
|
15
iShares MSCI EAFE ETF
EFA
$66B
| $57.4M | 0.53% | +881,086 | New | +$57.4M |
|
16
iShares Core MSCI EAFE ETF
IEFA
$150B
| $51M | 0.47% | +838,376 | New | +$51M |
|
|
SWN
17
DELISTED
Southwestern Energy Company
SWN
| $50.1M | 0.46% | 8,234,921 +4,449,396 | +118% | +$27.1M |
|
|
ESRX
18
DELISTED
Express Scripts Holding Company
ESRX
| $39.1M | 0.36% | 612,525 +72,684 | +13% | +$4.64M |
|
19
iShares Gold Trust
IAU
$50.6B
| $36.8M | 0.34% | +3,083,169 | New | +$36.8M |
|
20
Macy's
M
$3.59B
| $35.7M | 0.33% | 1,535,972 +505,200 | +49% | +$11.7M |
|
21
iShares MSCI Taiwan ETF
EWT
$6.11B
| $35.1M | 0.32% | +982,371 | New | +$35.1M |
|
22
Intel
INTC
$107B
| $32.4M | 0.3% | 959,518 +276,656 | +41% | +$9.33M |
|
|
BBBY
23
DELISTED
Bed Bath & Beyond Inc
BBBY
| $31.7M | 0.29% | 1,041,747 +632,119 | +154% | +$19.2M |
|
24
Devon Energy
DVN
$22.9B
| $28.2M | 0.26% | 880,996 +310,222 | +54% | +$9.92M |
|
|
CHK
25
DELISTED
Chesapeake Energy Corporation
CHK
| $26.1M | 0.24% | +5,253,784 | New | +$26.1M |
|