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 |
Alibaba
BABA
|
$116M |
| 2 |
Intuitive Surgical
ISRG
|
$99.3M |
| 3 |
Procter & Gamble
PG
|
$82.1M |
| 4 |
PepsiCo
PEP
|
$64.7M |
| 5 |
Johnson & Johnson
JNJ
|
$58.8M |
Top Sells
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
$548M |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
$328M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
$327M |
| 4 |
Walmart
WMT
|
$317M |
| 5 |
Danaher
DHR
|
$227M |
Sector Composition
| 1 | Consumer Staples | 28.01% |
| 2 | Consumer Discretionary | 17.74% |
| 3 | Healthcare | 17.12% |
| 4 | Industrials | 3.49% |
| 5 | Financials | 3.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
SPDR S&P 500 ETF Trust
SPY
$658B
| $894M | 5.2% | 1,883,234 -84,371 | -4% | -$40.1M |
|
|
2
Procter & Gamble
PG
$368B
| $849M | 4.93% | 5,189,140 +501,602 | +11% | +$82.1M |
|
|
3
Vanguard FTSE Emerging Markets ETF
VWO
$96.4B
| $831M | 4.83% | 16,805,360 -6,640,461 | -28% | -$328M |
|
|
4
PepsiCo
PEP
$204B
| $530M | 3.08% | 3,051,876 +372,683 | +14% | +$64.7M |
|
|
5
Johnson & Johnson
JNJ
$427B
| $530M | 3.08% | 3,097,742 +343,706 | +12% | +$58.8M |
|
6
Costco
COST
$418B
| $520M | 3.02% | 915,635 +65,041 | +8% | +$36.9M |
|
7
Coca-Cola
KO
$297B
| $515M | 2.99% | 8,690,774 +319,917 | +4% | +$18.9M |
|
|
8
Alibaba
BABA
$322B
| $507M | 2.95% | 4,268,395 +978,163 | +30% | +$116M |
|
|
9
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
| $496M | 2.89% | 8,292,701 -5,467,457 | -40% | -$327M |
|
10
McDonald's
MCD
$224B
| $450M | 2.61% | 1,677,400 +219,020 | +15% | +$58.7M |
|
|
11
iShares MSCI Emerging Markets ETF
EEM
$19B
| $435M | 2.53% | 8,911,250 -11,227,034 | -56% | -$548M |
|
12
iShares Core S&P 500 ETF
IVV
$662B
| $417M | 2.42% | 873,622 +47,645 | +6% | +$22.7M |
|
|
13
Walmart
WMT
$774B
| $410M | 2.38% | 2,831,857 -2,193,879 | -44% | -$317M |
|
14
SPDR Gold Trust
GLD
$107B
| $391M | 2.27% | 2,288,395 -103,883 | -4% | -$17.8M |
|
15
Abbott
ABT
$231B
| $307M | 1.79% | 2,183,745 +313,352 | +17% | +$44.1M |
|
16
Starbucks
SBUX
$100B
| $300M | 1.74% | 2,560,646 +279,979 | +12% | +$32.7M |
|
17
Target
TGT
$43.6B
| $243M | 1.41% | 1,048,808 +94,600 | +10% | +$21.9M |
|
18
Estee Lauder
EL
$33B
| $190M | 1.1% | 512,559 -194,340 | -27% | -$71.9M |
|
19
JD.com
JD
$44.1B
| $186M | 1.08% | 2,661,144 +671,646 | +34% | +$47.1M |
|
20
Colgate-Palmolive
CL
$67.9B
| $162M | 0.94% | 1,898,939 +231,899 | +14% | +$19.8M |
|
21
Pinduoduo
PDD
$171B
| $155M | 0.9% | 2,661,871 +742,059 | +39% | +$43.3M |
|
|
22
Intuitive Surgical
ISRG
$170B
| $144M | 0.84% | 400,792 +276,383 | +222% | +$99.3M |
|
23
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.5B
| $127M | 0.74% | 960,631 -104,075 | -10% | -$13.8M |
|
24
iShares Gold Trust
IAU
$50.6B
| $127M | 0.74% | 3,639,963 -165,235 | -4% | -$5.75M |
|
25
Dollar General
DG
$23.9B
| $115M | 0.67% | 488,244 +36,859 | +8% | +$8.69M |
|