Ray Dalio Bridgewater Associates
Ray Dalio is the founder of Bridgewater Associates, one of the world’s largest hedge funds, known for its unique “principles-based” culture and systematic investment approach. Dalio’s investment philosophy emphasizes diversified portfolios, risk parity, and the importance of understanding economic cycles in shaping investment decisions. He has authored several books, including “Principles: Life & Work,” in which he details his management philosophies, personal experiences, and life lessons.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$147M |
| 2 |
PepsiCo
PEP
|
+$23.8M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$20.5M |
| 4 |
Welltower
WELL
|
+$18.3M |
| 5 |
CTXS
Citrix Systems Inc
CTXS
|
+$16.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$266M |
| 2 |
Micron Technology
MU
|
+$25.9M |
| 3 |
AGN
Allergan Inc
AGN
|
+$17.7M |
| 4 |
Intel
INTC
|
+$15.6M |
| 5 |
Valero Energy
VLO
|
+$14.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.38% |
| 2 | Energy | 2.15% |
| 3 | Materials | 1.21% |
| 4 | Healthcare | 0.97% |
| 5 | Consumer Discretionary | 0.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Goodyear
GT
$1.85B
| $923K | 0.01% |
38,718
+9,800
| +34% | +$217K |
|
227
United Rentals
URI
$72.4B
| $920K | 0.01% |
11,800
+300
| +3% | +$20.1K |
|
|
LPNT
228
DELISTED
LifePoint Health, Inc.
LPNT
| $917K | 0.01% |
17,361
+2,960
| +21% | +$149K |
|
229
Tenet Healthcare
THC
$21.1B
| $915K | 0.01% |
21,729
+5,256
| +32% | +$229K |
|
230
Rockwell Automation
ROK
$49B
| $914K | 0.01% |
7,734
-8,461
| -52% | -$940K |
|
|
TGI
231
DELISTED
Triumph Group
TGI
| $913K | 0.01% |
12,000
-15,300
| -56% | -$1.11M |
|
|
ACAS
232
DELISTED
American Capital Ltd
ACAS
| $898K | 0.01% |
+57,404
| New | +$831K |
|
233
H&R Block
HRB
$5.86B
| $896K | 0.01% |
30,866
-45,734
| -60% | -$1.3M |
|
|
ENDP
234
DELISTED
Endo International plc
ENDP
| $895K | 0.01% |
13,272
-1,000
| -7% | -$57.1K |
|
|
BRCD
235
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $891K | 0.01% |
100,487
+20,500
| +26% | +$171K |
|
|
WOOF
236
DELISTED
VCA Inc.
WOOF
| $891K | 0.01% |
28,400
+4,800
| +20% | +$140K |
|
|
CHS
237
DELISTED
Chicos FAS, Inc.
CHS
| $884K | 0.01% |
46,901
+7,700
| +20% | +$136K |
|
238
Dover
DOV
$28.4B
| $882K | 0.01% |
+13,626
| New | +$834K |
|
|
LM
239
DELISTED
Legg Mason, Inc.
LM
| $880K | 0.01% |
20,233
+500
| +3% | +$19.4K |
|
240
Flex
FLEX
$44.8B
| $878K | 0.01% |
150,000
+56,585
| +61% | +$344K |
|
|
ROC
241
DELISTED
ROCKWOOD HLDGS INC
ROC
| $875K | 0.01% |
12,169
+3,800
| +45% | +$259K |
|
242
Advance Auto Parts
AAP
$3.49B
| $874K | 0.01% |
7,900
-400
| -5% | -$39.7K |
|
|
CVSA
243
Covista Inc
CVSA
$4.8B
| $872K | 0.01% |
+24,555
| New | +$848K |
|
|
GRA
244
DELISTED
W.R. Grace & Co.
GRA
| $870K | 0.01% |
8,801
+2,500
| +40% | +$233K |
|
|
COL
245
DELISTED
Rockwell Collins
COL
| $869K | 0.01% |
11,751
-31,080
| -73% | -$2.21M |
|
246
Community Health Systems
CYH
$423M
| $868K | 0.01% |
26,739
+7,829
| +41% | +$269K |
|
|
CYT
247
DELISTED
CYTEC INDS INC
CYT
| $866K | 0.01% |
18,600
+4,000
| +27% | +$173K |
|
|
INFA
248
DELISTED
INFORMATICA CORP
INFA
| $863K | 0.01% |
20,800
+5,700
| +38% | +$222K |
|
|
SWI
249
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
| $859K | 0.01% |
22,700
+6,500
| +40% | +$227K |
|
250
Amgen
AMGN
$222B
| $857K | 0.01% |
+7,513
| New | +$855K |
|
Similar funds
Ray Dalio's Q4 2013 Portfolio in Review
As of Q4 2013, Ray Dalio held 378 positions worth $12.5B, up 5% from $11.9B the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Ray Dalio's Q4 2013 filing shows 67 new, 162 increased, 63 reduced and 85 closed positions. Its largest new stake was PepsiCo: 286,977 shares worth $23.8M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $266M.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, up from 2.2% a quarter earlier, followed by Energy and Materials.
- Ray Dalio's largest Q4 2013 buy was PepsiCo: 286,977 shares worth $23.8M.
- Ray Dalio added most to iShares MSCI Emerging Markets ETF in Q4 2013, an estimated $147M increase.
- Ray Dalio's biggest Q4 2013 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $266M.
- Ray Dalio fully exited Valero Energy in Q4 2013, selling an estimated $14.2M.
- Ray Dalio's ten largest holdings make up 90% of its $12.5B portfolio in Q4 2013.
- Ray Dalio opened 67 new positions and closed 85 in Q4 2013.
- Ray Dalio's portfolio value rose 5% quarter-over-quarter to $12.5B.
Based on Bridgewater Associates's 13F filing for Q4 2013, filed 12 Feb 2014.