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 |
NFX
Newfield Exploration
NFX
|
+$44.6M |
| 2 |
Meta Platforms (Facebook)
META
|
+$35.1M |
| 3 |
XEC
CIMAREX ENERGY CO
XEC
|
+$33M |
| 4 |
AT&T
T
|
+$30.8M |
| 5 |
iShares MSCI Brazil ETF
EWZ
|
+$27.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$1.04B |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$833M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$391M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$147M |
| 5 |
iShares TIPS Bond ETF
TIP
|
+$92.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 3.02% |
| 2 | Energy | 2.11% |
| 3 | Consumer Discretionary | 2.02% |
| 4 | Financials | 1.95% |
| 5 | Consumer Staples | 1.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Choice Hotels
CHH
$4.8B
| $1.42M | 0.01% |
+17,759
| New | +$1.43M |
|
227
Ball Corp
BALL
$16.8B
| $1.4M | 0.01% |
35,352
-30,206
| -46% | -$1.18M |
|
228
Crown Holdings
CCK
$13.1B
| $1.4M | 0.01% |
27,609
-44,318
| -62% | -$2.37M |
|
229
Capital One
COF
$134B
| $1.39M | 0.01% |
+14,462
| New | +$1.44M |
|
|
GOLD
230
DELISTED
Randgold Resources Ltd
GOLD
| $1.38M | 0.01% |
16,530
-677
| -4% | -$61K |
|
231
Fortune Brands Innovations
FBIN
$6.06B
| $1.36M | 0.01% |
+27,126
| New | +$1.51M |
|
232
PNC Financial Services
PNC
$101B
| $1.36M | 0.01% |
+9,000
| New | +$1.4M |
|
233
Ovintiv
OVV
$16.4B
| $1.35M | 0.01% |
24,553
-513
| -2% | -$30.4K |
|
|
LPT
234
DELISTED
Liberty Property Trust
LPT
| $1.34M | 0.01% |
+33,698
| New | +$1.36M |
|
|
SBNY
235
DELISTED
Signature Bank
SBNY
| $1.32M | 0.01% |
+9,312
| New | +$1.4M |
|
236
Charles River Laboratories
CRL
$12.8B
| $1.31M | 0.01% |
+12,245
| New | +$1.32M |
|
|
APC
237
DELISTED
Anadarko Petroleum
APC
| $1.3M | 0.01% |
21,579
-1,946
| -8% | -$114K |
|
|
DFS
238
DELISTED
Discover Financial Services
DFS
| $1.3M | 0.01% |
18,104
+14,302
| +376% | +$1.1M |
|
239
Globe Life
GL
$14.3B
| $1.29M | 0.01% |
+15,384
| New | +$1.35M |
|
240
Bio-Techne
TECH
$11.3B
| $1.29M | 0.01% |
+34,268
| New | +$1.21M |
|
241
Brown-Forman Class B
BF.B
$13.1B
| $1.28M | 0.01% |
+23,586
| New | +$1.12M |
|
242
Lamar Advertising Co
LAMR
$16.3B
| $1.28M | 0.01% |
+20,126
| New | +$1.38M |
|
243
Illinois Tool Works
ITW
$84.5B
| $1.28M | 0.01% |
8,164
-13,776
| -63% | -$2.29M |
|
244
Newell Brands
NWL
$2.56B
| $1.26M | 0.01% |
+49,655
| New | +$1.4M |
|
245
Federal Realty Investment Trust
FRT
$10.3B
| $1.24M | 0.01% |
+10,667
| New | +$1.26M |
|
|
SGEN
246
DELISTED
Seagen Inc. Common Stock
SGEN
| $1.23M | 0.01% |
+23,470
| New | +$1.28M |
|
247
UnitedHealth
UNH
$370B
| $1.2M | 0.01% |
+5,609
| New | +$1.28M |
|
|
PXD
248
DELISTED
Pioneer Natural Resource Co.
PXD
| $1.17M | 0.01% |
6,826
-581
| -8% | -$102K |
|
249
Thomson Reuters
TRI
$44.1B
| $1.17M | 0.01% |
26,056
-580
| -2% | -$27.7K |
|
250
Trimble
TRMB
$13.9B
| $1.16M | 0.01% |
+32,181
| New | +$1.3M |
|
Similar funds
Ray Dalio's Q1 2018 Portfolio in Review
As of Q1 2018, Ray Dalio held 508 positions worth $10.5B, down 14% from $12.2B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Ray Dalio withdrew a net $1.74B in Q1 2018, closing 48 positions and reducing 116 holdings. Its most notable exit was Costco, an estimated $15.6M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 3% of assets, up from 1.7% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Ray Dalio opened a new position in Biogen worth $21.1M.
- Ray Dalio's largest Q1 2018 buy was Biogen: 77,197 shares worth $21.1M.
- Ray Dalio added most to Newfield Exploration in Q1 2018, an estimated $44.6M increase.
- Ray Dalio's biggest Q1 2018 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $1.04B.
- Ray Dalio fully exited Costco in Q1 2018, selling an estimated $15.6M.
- Ray Dalio's ten largest holdings make up 73% of its $10.5B portfolio in Q1 2018.
- Ray Dalio opened 262 new positions and closed 48 in Q1 2018.
- Ray Dalio's portfolio value fell 14% quarter-over-quarter to $10.5B.
Based on Bridgewater Associates's 13F filing for Q1 2018, filed 15 May 2018.