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 |
Gen Digital
GEN
|
+$26M |
| 2 |
Eastman Chemical
EMN
|
+$24.8M |
| 3 |
The Mosaic Company
MOS
|
+$24.7M |
| 4 |
Kohl's
KSS
|
+$24.3M |
| 5 |
ESV
Ensco Rowan plc
ESV
|
+$23.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$1.65B |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$906M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$46.7M |
| 4 |
Apple
AAPL
|
+$30.1M |
| 5 |
Chipotle Mexican Grill
CMG
|
+$17.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 4.22% |
| 2 | Materials | 3.47% |
| 3 | Consumer Discretionary | 3.19% |
| 4 | Energy | 2.92% |
| 5 | Communication Services | 2.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Regeneron Pharmaceuticals
REGN
$80.8B
| $837K | 0.01% |
1,800
+1,000
| +125% | +$537K |
|
252
L3Harris
LHX
$53.4B
| $827K | 0.01% |
+11,300
| New | +$884K |
|
253
Columbia Sportswear
COLM
$2.94B
| $812K | 0.01% |
+13,811
| New | +$862K |
|
254
KeyCorp
KEY
$24.4B
| $805K | 0.01% |
+61,874
| New | +$879K |
|
255
Equifax
EFX
$21.4B
| $803K | 0.01% |
+8,263
| New | +$821K |
|
256
Dick's Sporting Goods
DKS
$18.7B
| $781K | 0.01% |
15,735
+6,200
| +65% | +$313K |
|
|
LLL
257
DELISTED
L3 Technologies, Inc.
LLL
| $773K | 0.01% |
+7,400
| New | +$833K |
|
258
Oceaneering
OII
$4.77B
| $771K | 0.01% |
19,631
+4,100
| +26% | +$170K |
|
|
STI
259
DELISTED
SunTrust Banks, Inc.
STI
| $770K | 0.01% |
+20,128
| New | +$842K |
|
|
TUP
260
DELISTED
Tupperware Brands Corporation
TUP
| $769K | 0.01% |
+15,537
| New | +$871K |
|
261
Ametek
AME
$58.2B
| $761K | 0.01% |
+14,540
| New | +$784K |
|
262
Robert Half
RHI
$4.37B
| $761K | 0.01% |
+14,874
| New | +$801K |
|
263
Verisk Analytics
VRSK
$25B
| $760K | 0.01% |
+10,285
| New | +$767K |
|
264
Delta Air Lines
DAL
$60.1B
| $745K | 0.01% |
+16,605
| New | +$746K |
|
265
Rollins
ROL
$18.2B
| $744K | 0.01% |
+62,298
| New | +$786K |
|
266
Coca-Cola Europacific Partners
CCEP
$47.9B
| $734K | 0.01% |
15,176
-8,000
| -35% | -$389K |
|
267
Mettler-Toledo International
MTD
$28.6B
| $729K | 0.01% |
+2,561
| New | +$809K |
|
268
Becton Dickinson
BDX
$48.2B
| $726K | 0.01% |
5,606
-10,136
| -64% | -$1.42M |
|
269
KBR
KBR
$4.8B
| $725K | 0.01% |
+43,500
| New | +$766K |
|
270
Quanta Services
PWR
$101B
| $722K | 0.01% |
+29,807
| New | +$759K |
|
271
Snap-on
SNA
$21.5B
| $718K | 0.01% |
+4,758
| New | +$763K |
|
272
Dentsply Sirona
XRAY
$2.43B
| $708K | 0.01% |
+14,000
| New | +$746K |
|
273
ResMed
RMD
$30.7B
| $703K | 0.01% |
13,788
+7,800
| +130% | +$420K |
|
274
AMC Global Media
AMCX
$489M
| $701K | 0.01% |
+9,579
| New | +$740K |
|
275
Lennox International
LII
$15.2B
| $700K | 0.01% |
+6,174
| New | +$724K |
|
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Ray Dalio's Q3 2015 Portfolio in Review
As of Q3 2015, Ray Dalio held 516 positions worth $7.47B, down 31% from $10.8B the previous quarter. Its ten largest holdings account for 76% of the portfolio.
Ray Dalio withdrew a net $1.81B in Q3 2015, closing 86 positions and reducing 67 holdings. Its most notable exit was Chipotle Mexican Grill, an estimated $17.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 4.2% of assets, up from 2.2% a quarter earlier, followed by Materials and Consumer Discretionary.
Against the trend, Ray Dalio opened a new position in Wynn Resorts worth $12.7M.
- Ray Dalio's largest Q3 2015 buy was Wynn Resorts: 239,500 shares worth $12.7M.
- Ray Dalio added most to Gen Digital in Q3 2015, an estimated $26M increase.
- Ray Dalio's biggest Q3 2015 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $1.65B.
- Ray Dalio fully exited Chipotle Mexican Grill in Q3 2015, selling an estimated $17.4M.
- Ray Dalio's ten largest holdings make up 76% of its $7.47B portfolio in Q3 2015.
- Ray Dalio opened 210 new positions and closed 86 in Q3 2015.
- Ray Dalio's portfolio value fell 31% quarter-over-quarter to $7.47B.
Based on Bridgewater Associates's 13F filing for Q3 2015, filed 12 Nov 2015.