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 |
Lam Research
LRCX
|
$171M |
| 2 |
Broadcom
AVGO
|
$161M |
| 3 |
Constellation Energy
CEG
|
$149M |
| 4 |
Apple
AAPL
|
$131M |
| 5 |
Qualcomm
QCOM
|
$129M |
Top Sells
| 1 |
Procter & Gamble
PG
|
$345M |
| 2 |
Walmart
WMT
|
$296M |
| 3 |
Johnson & Johnson
JNJ
|
$281M |
| 4 |
McDonald's
MCD
|
$255M |
| 5 |
Costco
COST
|
$241M |
Sector Composition
| 1 | Technology | 19.57% |
| 2 | Consumer Discretionary | 11.09% |
| 3 | Healthcare | 10.68% |
| 4 | Consumer Staples | 9.77% |
| 5 | Communication Services | 9.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
iShares Core S&P 500 ETF
IVV
$662B
| $1.28B | 7.26% | 2,222,834 +121,300 | +6% | +$70M |
|
2
iShares Core MSCI Emerging Markets ETF
IEMG
$102B
| $1.02B | 5.78% | 17,779,378 -882,635 | -5% | -$50.7M |
|
3
Alphabet (Google) Class A
GOOGL
$2.57T
| $726M | 4.11% | 4,379,337 -160,934 | -4% | -$26.7M |
|
4
NVIDIA
NVDA
$4.24T
| $577M | 3.27% | 4,754,271 -1,801,922 | -27% | -$219M |
|
5
SPDR S&P 500 ETF Trust
SPY
$658B
| $480M | 2.72% | 836,965 +124,772 | +18% | +$71.6M |
|
6
Meta Platforms (Facebook)
META
$1.86T
| $459M | 2.6% | 802,202 -160,208 | -17% | -$91.7M |
|
7
Microsoft
MSFT
$3.77T
| $374M | 2.12% | 870,178 -220,169 | -20% | -$94.7M |
|
|
8
Procter & Gamble
PG
$368B
| $277M | 1.57% | 1,601,368 -1,993,699 | -55% | -$345M |
|
9
Amazon
AMZN
$2.44T
| $263M | 1.49% | 1,411,643 -1,233,924 | -47% | -$230M |
|
|
10
Apple
AAPL
$3.45T
| $240M | 1.36% | 1,031,856 +562,532 | +120% | +$131M |
|
11
Advanced Micro Devices
AMD
$264B
| $240M | 1.36% | 1,464,077 +364,292 | +33% | +$59.8M |
|
|
12
Johnson & Johnson
JNJ
$427B
| $238M | 1.35% | 1,470,121 -1,734,184 | -54% | -$281M |
|
|
13
Walmart
WMT
$774B
| $230M | 1.3% | 2,844,325 -3,671,025 | -56% | -$296M |
|
|
14
Lam Research
LRCX
$127B
| $225M | 1.28% | 276,052 +209,537 | +315% | +$171M |
|
|
15
Constellation Energy
CEG
$96.2B
| $200M | 1.13% | 767,856 +573,523 | +295% | +$149M |
|
16
Merck
MRK
$210B
| $177M | 1% | 1,554,270 -247,721 | -14% | -$28.1M |
|
17
Pinduoduo
PDD
$171B
| $169M | 0.96% | 1,251,860 -3,006 | -0.2% | -$405K |
|
18
Visa
V
$683B
| $168M | 0.95% | 609,659 -191,546 | -24% | -$52.7M |
|
|
19
Broadcom
AVGO
$1.4T
| $165M | 0.93% | 955,433 +930,969 | +3,805% | +$161M |
|
20
Vanguard FTSE Emerging Markets ETF
VWO
$96.4B
| $164M | 0.93% | 3,422,405 -734,068 | -18% | -$35.1M |
|
21
Coca-Cola
KO
$297B
| $160M | 0.91% | 2,230,674 -2,916,201 | -57% | -$210M |
|
22
KLA
KLAC
$115B
| $156M | 0.88% | 201,482 +100,516 | +100% | +$77.8M |
|
|
23
Costco
COST
$418B
| $150M | 0.85% | 168,891 -271,928 | -62% | -$241M |
|
24
iShares MBS ETF
MBB
$41B
| $136M | 0.77% | 1,416,200 -38,000 | -3% | -$3.64M |
|
|
25
Qualcomm
QCOM
$173B
| $136M | 0.77% | 796,997 +758,459 | +1,968% | +$129M |
|