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 Emerging Markets ETF
EEM
|
$484M |
| 2 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
$426M |
| 3 |
Alibaba
BABA
|
$349M |
| 4 |
Vanguard FTSE Emerging Markets ETF
VWO
|
$273M |
| 5 |
Procter & Gamble
PG
|
$250M |
Top Sells
| 1 |
Lowe's Companies
LOW
|
$35.2M |
| 2 |
Home Depot
HD
|
$33.5M |
| 3 |
SPDR Gold Trust
GLD
|
$32.6M |
| 4 |
JD.com
JD
|
$30.1M |
| 5 |
Tesla
TSLA
|
$26.9M |
Sector Composition
| 1 | Consumer Staples | 25.86% |
| 2 | Healthcare | 17.87% |
| 3 | Consumer Discretionary | 13.79% |
| 4 | Technology | 4.61% |
| 5 | Financials | 4.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vanguard FTSE Emerging Markets ETF
VWO
$96.4B
| $1.05B | 4.22% | 22,717,958 +5,912,598 | +35% | +$273M |
|
|
2
Procter & Gamble
PG
$368B
| $1.04B | 4.2% | 6,823,611 +1,634,471 | +31% | +$250M |
|
|
3
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
| $887M | 3.57% | 15,960,820 +7,668,119 | +92% | +$426M |
|
|
4
iShares MSCI Emerging Markets ETF
EEM
$19B
| $886M | 3.57% | 19,621,771 +10,710,521 | +120% | +$484M |
|
5
SPDR S&P 500 ETF Trust
SPY
$658B
| $851M | 3.43% | 1,883,234 | – | – |
|
|
6
Alibaba
BABA
$322B
| $814M | 3.28% | 7,480,545 +3,212,150 | +75% | +$349M |
|
7
Johnson & Johnson
JNJ
$427B
| $770M | 3.1% | 4,345,002 +1,247,260 | +40% | +$221M |
|
8
Coca-Cola
KO
$297B
| $740M | 2.98% | 11,937,821 +3,247,047 | +37% | +$201M |
|
9
PepsiCo
PEP
$204B
| $698M | 2.81% | 4,171,268 +1,119,392 | +37% | +$187M |
|
10
Costco
COST
$418B
| $684M | 2.76% | 1,187,767 +272,132 | +30% | +$157M |
|
11
Walmart
WMT
$774B
| $600M | 2.42% | 4,032,039 +1,200,182 | +42% | +$179M |
|
12
McDonald's
MCD
$224B
| $571M | 2.3% | 2,309,303 +631,903 | +38% | +$156M |
|
13
iShares Core S&P 500 ETF
IVV
$662B
| $510M | 2.05% | 1,123,267 +249,645 | +29% | +$113M |
|
|
14
SPDR Gold Trust
GLD
$107B
| $381M | 1.54% | 2,107,996 -180,399 | -8% | -$32.6M |
|
15
Abbott
ABT
$231B
| $360M | 1.45% | 3,045,430 +861,685 | +39% | +$102M |
|
16
Starbucks
SBUX
$100B
| $300M | 1.21% | 3,299,256 +738,610 | +29% | +$67.2M |
|
17
Target
TGT
$43.6B
| $281M | 1.13% | 1,323,118 +274,310 | +26% | +$58.2M |
|
18
Medtronic
MDT
$119B
| $209M | 0.84% | +1,880,088 | New | +$209M |
|
19
Colgate-Palmolive
CL
$67.9B
| $199M | 0.8% | 2,627,436 +728,497 | +38% | +$55.2M |
|
20
Pinduoduo
PDD
$171B
| $198M | 0.8% | 4,939,412 +2,277,541 | +86% | +$91.4M |
|
21
Estee Lauder
EL
$33B
| $197M | 0.8% | 724,888 +212,329 | +41% | +$57.8M |
|
22
Pfizer
PFE
$141B
| $172M | 0.69% | 3,314,055 +2,581,384 | +352% | +$134M |
|
23
Intuitive Surgical
ISRG
$170B
| $159M | 0.64% | 526,494 +125,702 | +31% | +$37.9M |
|
24
Baidu
BIDU
$32.8B
| $149M | 0.6% | 1,126,473 +376,604 | +50% | +$49.8M |
|
25
Stryker
SYK
$150B
| $148M | 0.6% | 552,227 +139,070 | +34% | +$37.2M |
|