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 Brazil ETF
EWZ
|
+$86.6M |
| 2 |
LyondellBasell Industries
LYB
|
+$20.9M |
| 3 |
SPLS
Staples Inc
SPLS
|
+$20.2M |
| 4 |
B
Barrick Mining
B
|
+$16.1M |
| 5 |
Parker-Hannifin
PH
|
+$15M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$165M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$157M |
| 3 |
Micron Technology
MU
|
+$23.6M |
| 4 |
VMW
VMware, Inc
VMW
|
+$23.5M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 3.64% |
| 2 | Energy | 3.29% |
| 3 | Technology | 3.08% |
| 4 | Consumer Discretionary | 3.06% |
| 5 | Healthcare | 3.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Colgate-Palmolive
CL
$74.4B
| $827K | 0.01% |
+11,300
| New | +$805K |
|
252
GE Aerospace
GE
$384B
| $815K | 0.01% |
+5,404
| New | +$788K |
|
253
MSC Industrial Direct
MSM
$6.86B
| $804K | 0.01% |
+11,400
| New | +$846K |
|
|
WRK
254
DELISTED
WestRock Company
WRK
| $797K | 0.01% |
+20,500
| New | +$769K |
|
255
Ametek
AME
$58.2B
| $781K | 0.01% |
+16,900
| New | +$813K |
|
|
COL
256
DELISTED
Rockwell Collins
COL
| $766K | 0.01% |
+9,000
| New | +$803K |
|
257
International Flavors & Fragrances
IFF
$21.9B
| $744K | 0.01% |
+5,900
| New | +$730K |
|
258
Molson Coors Class B
TAP
$8.09B
| $728K | 0.01% |
+7,200
| New | +$708K |
|
259
Johnson Controls International
JCI
$92.2B
| $727K | 0.01% |
15,694
-113,836
| -88% | -$5.02M |
|
|
CELG
260
DELISTED
Celgene Corp
CELG
| $720K | 0.01% |
7,300
+3,200
| +78% | +$331K |
|
261
FMC
FMC
$1.33B
| $704K | 0.01% |
+17,526
| New | +$687K |
|
|
TSS
262
DELISTED
Total System Services, Inc.
TSS
| $701K | 0.01% |
+13,200
| New | +$685K |
|
263
Packaging Corp of America
PKG
$22.8B
| $696K | 0.01% |
+10,400
| New | +$679K |
|
264
Mettler-Toledo International
MTD
$28.6B
| $693K | 0.01% |
+1,900
| New | +$694K |
|
|
MJN
265
DELISTED
Mead Johnson Nutrition Company
MJN
| $690K | 0.01% |
7,600
+3,467
| +84% | +$294K |
|
266
Phillips 66
PSX
$81.4B
| $677K | 0.01% |
8,529
-3,600
| -30% | -$294K |
|
267
Host Hotels & Resorts
HST
$16B
| $676K | 0.01% |
41,700
-49,958
| -55% | -$786K |
|
268
Nike
NKE
$61.9B
| $668K | 0.01% |
+12,100
| New | +$689K |
|
269
Fidelity National Information Services
FIS
$22.1B
| $656K | 0.01% |
+8,900
| New | +$626K |
|
270
Avery Dennison
AVY
$13.4B
| $650K | 0.01% |
+8,700
| New | +$646K |
|
271
Becton Dickinson
BDX
$48.2B
| $634K | 0.01% |
3,830
-7,380
| -66% | -$1.18M |
|
272
Factset
FDS
$10.2B
| $630K | 0.01% |
+3,900
| New | +$603K |
|
273
Brown-Forman Class B
BF.B
$13.1B
| $619K | 0.01% |
+19,375
| New | +$599K |
|
274
Quanta Services
PWR
$101B
| $610K | 0.01% |
+26,400
| New | +$610K |
|
|
FLG
275
Flagstar Bank National Association
FLG
$5.82B
| $586K | 0.01% |
+13,033
| New | +$594K |
|
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Ray Dalio's Q2 2016 Portfolio in Review
As of Q2 2016, Ray Dalio held 392 positions worth $7.98B, up 0.98% from $7.9B the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Ray Dalio's Q2 2016 filing shows 139 new, 92 increased, 106 reduced and 52 closed positions. Its largest new stake was Parker-Hannifin: 133,700 shares worth $14.4M. The largest sale was Vanguard FTSE Emerging Markets ETF, an estimated $165M.
By sector, the portfolio is most concentrated in Materials at 3.6% of assets, up from 2.3% a quarter earlier, followed by Energy and Technology.
- Ray Dalio's largest Q2 2016 buy was Parker-Hannifin: 133,700 shares worth $14.4M.
- Ray Dalio added most to iShares MSCI Brazil ETF in Q2 2016, an estimated $86.6M increase.
- Ray Dalio's biggest Q2 2016 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $165M.
- Ray Dalio fully exited Micron Technology in Q2 2016, selling an estimated $23.6M.
- Ray Dalio's ten largest holdings make up 79% of its $7.98B portfolio in Q2 2016.
- Ray Dalio opened 139 new positions and closed 52 in Q2 2016.
- Ray Dalio's portfolio value rose 0.98% quarter-over-quarter to $7.98B.
Based on Bridgewater Associates's 13F filing for Q2 2016, filed 10 Aug 2016.