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 |
Walmart Inc
WMT
|
+$228M |
| 2 |
Procter & Gamble
PG
|
+$208M |
| 3 |
Johnson & Johnson
JNJ
|
+$184M |
| 4 |
Coca-Cola
KO
|
+$140M |
| 5 |
PepsiCo
PEP
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$485M |
| 2 |
Mondelez International
MDLZ
|
+$107M |
| 3 |
General Mills
GIS
|
+$40.7M |
| 4 |
Archer Daniels Midland
ADM
|
+$40.5M |
| 5 |
WBA
Walgreens Boots Alliance
WBA
|
+$40.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 28.39% |
| 2 | Healthcare | 17.39% |
| 3 | Consumer Discretionary | 15% |
| 4 | Financials | 5.26% |
| 5 | Technology | 4.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Flowers Foods
FLO
$1.57B
| $9.34M | 0.06% |
386,078
+129,414
| +50% | +$3.14M |
|
227
Keysight
KEYS
$58.3B
| $9.29M | 0.06% |
+60,176
| New | +$8.73M |
|
228
Capri Holdings
CPRI
$1.74B
| $9.29M | 0.06% |
162,354
+15,581
| +11% | +$848K |
|
229
Ralph Lauren
RL
$23.6B
| $9.27M | 0.06% |
78,658
+9,459
| +14% | +$1.18M |
|
230
Aramark
ARMK
$14.7B
| $9.25M | 0.06% |
343,952
-110,367
| -24% | -$3.03M |
|
|
SIVB
231
DELISTED
SVB Financial Group
SIVB
| $9.17M | 0.06% |
16,484
+83
| +0.5% | +$46K |
|
232
Pilgrim's Pride
PPC
$6.54B
| $9.15M | 0.06% |
412,478
+109,220
| +36% | +$2.6M |
|
233
Cisco
CSCO
$479B
| $8.83M | 0.06% |
166,654
+160,289
| +2,518% | +$8.43M |
|
234
Rockwell Automation
ROK
$49B
| $8.79M | 0.06% |
+30,725
| New | +$8.29M |
|
235
Gilead Sciences
GILD
$165B
| $8.72M | 0.06% |
126,710
+65,118
| +106% | +$4.35M |
|
236
Skyworks Solutions
SWKS
$10.6B
| $8.72M | 0.06% |
+45,464
| New | +$8.07M |
|
|
AMED
237
DELISTED
Amedisys
AMED
| $8.64M | 0.06% |
35,274
+16,190
| +85% | +$4.25M |
|
238
Gentex
GNTX
$5.07B
| $8.62M | 0.06% |
260,583
+14,918
| +6% | +$517K |
|
239
Zebra Technologies
ZBRA
$17.8B
| $8.6M | 0.06% |
+16,233
| New | +$8.09M |
|
240
Henry Schein
HSIC
$9.82B
| $8.54M | 0.05% |
115,038
+53,617
| +87% | +$4.04M |
|
241
Union Pacific
UNP
$174B
| $8.51M | 0.05% |
38,671
+37,126
| +2,403% | +$8.27M |
|
|
WBA
242
DELISTED
Walgreens Boots Alliance
WBA
| $8.48M | 0.05% |
161,138
-746,519
| -82% | -$40.2M |
|
243
Ametek
AME
$58.2B
| $8.47M | 0.05% |
+63,466
| New | +$8.5M |
|
244
Grand Canyon Education
LOPE
$3.98B
| $8.45M | 0.05% |
93,895
+31,055
| +49% | +$3.07M |
|
|
FITB
245
Fifth Third Bancorp
FITB
$51.8B
| $8.31M | 0.05% |
217,316
+2,087
| +1% | +$83.5K |
|
246
Northern Trust
NTRS
$33.9B
| $8.23M | 0.05% |
71,176
+7,811
| +12% | +$896K |
|
247
PVH
PVH
$4.04B
| $8.18M | 0.05% |
76,055
+7,054
| +10% | +$775K |
|
248
Autohome
ATHM
$2.62B
| $8.13M | 0.05% |
127,034
-34,351
| -21% | -$2.82M |
|
|
GRMN
249
Garmin
GRMN
$60B
| $8.09M | 0.05% |
+55,945
| New | +$7.85M |
|
250
AutoNation
AN
$6.92B
| $8.08M | 0.05% |
85,218
+8,252
| +11% | +$808K |
|
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Ray Dalio's Q2 2021 Portfolio in Review
As of Q2 2021, Ray Dalio held 784 positions worth $15.6B, up 37% from $11.3B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Ray Dalio deployed $3.72B of net new capital in Q2 2021, opening 329 new positions and adding to 255 existing holdings. Its largest new stake was Linde: 103,503 shares worth $29.9M.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, up from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $485M trimmed.
- Ray Dalio's largest Q2 2021 buy was Linde: 103,503 shares worth $29.9M.
- Ray Dalio added most to Walmart Inc in Q2 2021, an estimated $228M increase.
- Ray Dalio's biggest Q2 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $485M.
- Ray Dalio fully exited Mondelez International in Q2 2021, selling an estimated $107M.
- Ray Dalio's ten largest holdings make up 33% of its $15.6B portfolio in Q2 2021.
- Ray Dalio opened 329 new positions and closed 80 in Q2 2021.
- Ray Dalio's portfolio value rose 37% quarter-over-quarter to $15.6B.
Based on Bridgewater Associates's 13F filing for Q2 2021, filed 13 Aug 2021.