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 Core S&P 500 ETF
IVV
|
$218M |
| 2 |
CVS Health
CVS
|
$179M |
| 3 |
Mastercard
MA
|
$142M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$103M |
| 5 |
Meta Platforms (Facebook)
META
|
$92.8M |
Top Sells
| 1 |
Alibaba
BABA
|
$814M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
$729M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
$303M |
| 4 |
SPDR Gold Trust
GLD
|
$135M |
| 5 |
JD.com
JD
|
$124M |
Sector Composition
| 1 | Consumer Staples | 25.98% |
| 2 | Healthcare | 19.03% |
| 3 | Consumer Discretionary | 12.6% |
| 4 | Financials | 7.27% |
| 5 | Communication Services | 3.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Procter & Gamble
PG
$368B
| $970M | 4.11% | 6,747,168 -76,443 | -1% | -$11M |
|
2
Johnson & Johnson
JNJ
$427B
| $769M | 3.26% | 4,332,633 -12,369 | -0.3% | -$2.2M |
|
3
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
| $751M | 3.18% | 15,308,412 -652,408 | -4% | -$32M |
|
4
SPDR S&P 500 ETF Trust
SPY
$658B
| $695M | 2.95% | 1,843,262 -39,972 | -2% | -$15.1M |
|
5
Coca-Cola
KO
$297B
| $681M | 2.88% | 10,820,759 -1,117,062 | -9% | -$70.3M |
|
|
6
iShares Core S&P 500 ETF
IVV
$662B
| $644M | 2.73% | 1,697,801 +574,534 | +51% | +$218M |
|
|
7
Vanguard FTSE Emerging Markets ETF
VWO
$96.4B
| $643M | 2.72% | 15,432,241 -7,285,717 | -32% | -$303M |
|
8
PepsiCo
PEP
$204B
| $635M | 2.69% | 3,808,959 -362,309 | -9% | -$60.4M |
|
9
Costco
COST
$418B
| $580M | 2.46% | 1,211,098 +23,331 | +2% | +$11.2M |
|
10
Walmart
WMT
$774B
| $571M | 2.42% | 4,697,701 +665,662 | +17% | +$80.9M |
|
11
McDonald's
MCD
$224B
| $511M | 2.17% | 2,071,584 -237,719 | -10% | -$58.7M |
|
12
Abbott
ABT
$231B
| $304M | 1.29% | 2,799,913 -245,517 | -8% | -$26.7M |
|
13
Pinduoduo
PDD
$171B
| $298M | 1.26% | 4,814,632 -124,780 | -3% | -$7.71M |
|
|
14
CVS Health
CVS
$92.8B
| $292M | 1.24% | 3,146,236 +1,935,319 | +160% | +$179M |
|
15
Starbucks
SBUX
$100B
| $248M | 1.05% | 3,242,719 -56,537 | -2% | -$4.32M |
|
16
Medtronic
MDT
$119B
| $225M | 0.95% | 2,505,256 +625,168 | +33% | +$56.1M |
|
17
Target
TGT
$43.6B
| $220M | 0.93% | 1,560,200 +237,082 | +18% | +$33.5M |
|
|
18
SPDR Gold Trust
GLD
$107B
| $220M | 0.93% | 1,306,455 -801,541 | -38% | -$135M |
|
19
Colgate-Palmolive
CL
$67.9B
| $184M | 0.78% | 2,290,197 -337,239 | -13% | -$27M |
|
20
Baidu
BIDU
$32.8B
| $170M | 0.72% | 1,143,844 +17,371 | +2% | +$2.58M |
|
21
Exxon Mobil
XOM
$487B
| $163M | 0.69% | 1,908,930 +761,933 | +66% | +$65.3M |
|
22
Pfizer
PFE
$141B
| $158M | 0.67% | 3,017,675 -296,380 | -9% | -$15.5M |
|
23
Berkshire Hathaway Class B
BRK.B
$1.09T
| $156M | 0.66% | 571,762 +270,057 | +90% | +$73.7M |
|
24
Estee Lauder
EL
$33B
| $156M | 0.66% | 612,560 -112,328 | -15% | -$28.6M |
|
25
Dollar General
DG
$23.9B
| $155M | 0.66% | 630,950 +11,293 | +2% | +$2.77M |
|