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
|
+$40.4M |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$30.4M |
| 3 |
iShares MSCI Brazil ETF
EWZ
|
+$21.9M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
+$21.6M |
| 5 |
Intel
INTC
|
+$21.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$36.2M |
| 2 |
BCE
BCE
|
+$29.7M |
| 3 |
VIAB
Viacom Inc. Class B
VIAB
|
+$27.3M |
| 4 |
Exelon
EXC
|
+$23M |
| 5 |
PepsiCo
PEP
|
+$22.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.99% |
| 2 | Energy | 2.82% |
| 3 | Consumer Discretionary | 2.8% |
| 4 | Materials | 2.25% |
| 5 | Healthcare | 2.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
VeriSign
VRSN
$26.6B
| $292K | ﹤0.01% |
+3,300
| New | +$270K |
|
|
LNKD
252
DELISTED
LinkedIn Corporation
LNKD
| $252K | ﹤0.01% |
2,200
-1,900
| -46% | -$279K |
|
253
Conagra Brands
CAG
$7.23B
| $236K | ﹤0.01% |
+6,803
| New | +$221K |
|
254
Advance Auto Parts
AAP
$3.49B
| – | – |
-5,672
| Closed | -$854K |
|
255
Accenture
ACN
$108B
| – | – |
-4,900
| Closed | -$512K |
|
256
Archer Daniels Midland
ADM
$36.9B
| – | – |
-154,603
| Closed | -$5.67M |
|
257
Automatic Data Processing
ADP
$108B
| – | – |
-11,766
| Closed | -$997K |
|
258
Amazon
AMZN
$2.96T
| – | – |
-164,120
| Closed | -$5.55M |
|
|
ANSS
259
DELISTED
Ansys
ANSS
| – | – |
-2,242
| Closed | -$207K |
|
|
260
BCE
BCE
$21.2B
| – | – |
-772,300
| Closed | -$29.7M |
|
261
Berkshire Hathaway Class B
BRK.B
$1.13T
| – | – |
-77,044
| Closed | -$10.2M |
|
262
Colgate-Palmolive
CL
$74.4B
| – | – |
-122,706
| Closed | -$8.18M |
|
263
Core Laboratories
CLB
$521M
| – | – |
-16,842
| Closed | -$1.83M |
|
264
CNX Resources
CNX
$5.2B
| – | – |
-74,064
| Closed | -$488K |
|
265
Columbia Sportswear
COLM
$2.93B
| – | – |
-4,668
| Closed | -$228K |
|
266
Copart
CPRT
$27.5B
| – | – |
-272,960
| Closed | -$1.3M |
|
267
Carter's
CRI
$1.47B
| – | – |
-2,565
| Closed | -$228K |
|
268
Charles River Laboratories
CRL
$12.8B
| – | – |
-2,687
| Closed | -$216K |
|
269
Commault Systems
CVLT
$5.61B
| – | – |
-5,344
| Closed | -$210K |
|
270
CVS Health
CVS
$122B
| – | – |
-83,137
| Closed | -$8.13M |
|
271
Quest Diagnostics
DGX
$26.3B
| – | – |
-64,399
| Closed | -$4.58M |
|
272
Deluxe
DLX
$1.15B
| – | – |
-5,571
| Closed | -$304K |
|
273
Duke Energy
DUK
$97.3B
| – | – |
-16,376
| Closed | -$1.17M |
|
274
Consolidated Edison
ED
$39.8B
| – | – |
-23,862
| Closed | -$1.53M |
|
275
Estee Lauder
EL
$32B
| – | – |
-25,234
| Closed | -$2.22M |
|
Similar funds
Ray Dalio's Q1 2016 Portfolio in Review
As of Q1 2016, Ray Dalio held 325 positions worth $7.9B, up 2.5% from $7.71B the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Ray Dalio's Q1 2016 filing shows 62 new, 91 increased, 96 reduced and 72 closed positions. Its largest new stake was iShares MSCI Brazil ETF: 1,018,511 shares worth $26.8M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $36.2M.
By sector, the portfolio is most concentrated in Technology at 4% of assets, down from 4.1% a quarter earlier, followed by Energy and Consumer Discretionary.
- Ray Dalio's largest Q1 2016 buy was iShares MSCI Brazil ETF: 1,018,511 shares worth $26.8M.
- Ray Dalio added most to iShares MSCI Emerging Markets ETF in Q1 2016, an estimated $40.4M increase.
- Ray Dalio's biggest Q1 2016 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $36.2M.
- Ray Dalio fully exited BCE in Q1 2016, selling an estimated $29.7M.
- Ray Dalio's ten largest holdings make up 82% of its $7.9B portfolio in Q1 2016.
- Ray Dalio opened 62 new positions and closed 72 in Q1 2016.
- Ray Dalio's portfolio value rose 2.5% quarter-over-quarter to $7.9B.
Based on Bridgewater Associates's 13F filing for Q1 2016, filed 13 May 2016.