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 |
Lam Research
LRCX
|
+$182M |
| 2 |
Qualcomm
QCOM
|
+$134M |
| 3 |
Apple
AAPL
|
+$126M |
| 4 |
Constellation Energy
CEG
|
+$114M |
| 5 |
Broadcom
AVGO
|
+$114M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$338M |
| 2 |
Johnson & Johnson
JNJ
|
+$276M |
| 3 |
Walmart Inc
WMT
|
+$270M |
| 4 |
Costco
COST
|
+$236M |
| 5 |
McDonald's
MCD
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.57% |
| 2 | Consumer Discretionary | 11.09% |
| 3 | Healthcare | 10.72% |
| 4 | Consumer Staples | 9.72% |
| 5 | Communication Services | 9.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Sprott Uranium Miners ETF
URNM
$1.98B
| $11M | 0.06% |
239,811
+18,864
| +9% | +$829K |
|
252
Edwards Lifesciences
EW
$51.7B
| $10.9M | 0.06% |
165,451
-354,361
| -68% | -$25.7M |
|
253
Wingstop
WING
$3.18B
| $10.9M | 0.06% |
26,181
-14,625
| -36% | -$5.68M |
|
254
TechnipFMC
FTI
$27.3B
| $10.9M | 0.06% |
415,223
-508,119
| -55% | -$13.5M |
|
255
Tyson Foods
TSN
$20.4B
| $10.8M | 0.06% |
180,963
+124,508
| +221% | +$7.6M |
|
256
Grand Canyon Education
LOPE
$3.98B
| $10.8M | 0.06% |
75,947
-19,221
| -20% | -$2.78M |
|
257
Everest Group
EG
$14.4B
| $10.7M | 0.06% |
27,297
+3,834
| +16% | +$1.46M |
|
258
Lennox International
LII
$15.2B
| $10.5M | 0.06% |
17,448
+11,024
| +172% | +$6.29M |
|
259
Kraft Heinz
KHC
$30B
| $10.5M | 0.06% |
298,413
-937,984
| -76% | -$32.3M |
|
260
Aflac
AFL
$62.6B
| $10.3M | 0.06% |
92,031
-68,599
| -43% | -$6.97M |
|
261
Zoetis
ZTS
$30B
| $10.1M | 0.06% |
51,789
-30,926
| -37% | -$5.7M |
|
262
BioMarin Pharmaceuticals
BMRN
$12.4B
| $10M | 0.06% |
142,314
+107,330
| +307% | +$8.97M |
|
263
DaVita
DVA
$11.7B
| $9.87M | 0.06% |
60,226
-20,472
| -25% | -$3.02M |
|
264
Simpson Manufacturing
SSD
$8.16B
| $9.85M | 0.06% |
51,496
-31,508
| -38% | -$5.66M |
|
|
CIVI
265
DELISTED
Civitas Resources
CIVI
| $9.81M | 0.06% |
193,699
+165,567
| +589% | +$10.3M |
|
266
Lowe's Companies
LOW
$125B
| $9.79M | 0.06% |
36,130
-93,313
| -72% | -$22.6M |
|
267
Acuity Brands
AYI
$10.8B
| $9.78M | 0.06% |
35,499
+15,433
| +77% | +$3.84M |
|
268
MarketAxess Holdings
MKTX
$5.72B
| $9.75M | 0.06% |
38,037
-25,135
| -40% | -$5.89M |
|
269
Uber
UBER
$153B
| $9.62M | 0.05% |
128,042
-626,619
| -83% | -$44.1M |
|
270
Emcor
EME
$36B
| $9.54M | 0.05% |
22,163
+5,902
| +36% | +$2.23M |
|
271
Cactus
WHD
$5.44B
| $9.5M | 0.05% |
+159,225
| New | +$9.26M |
|
272
Devon Energy
DVN
$47.3B
| $9.43M | 0.05% |
+240,959
| New | +$10.6M |
|
273
Bath & Body Works
BBWI
$4.1B
| $9.41M | 0.05% |
294,827
+13,225
| +5% | +$439K |
|
274
TD Synnex
SNX
$20.2B
| $9.31M | 0.05% |
77,506
+64,452
| +494% | +$7.45M |
|
275
Royal Bank of Canada
RY
$293B
| $9.25M | 0.05% |
74,025
+44,494
| +151% | +$5.11M |
|
Similar funds
Ray Dalio's Q3 2024 Portfolio in Review
As of Q3 2024, Ray Dalio held 956 positions worth $17.7B, down 7.8% from $19.2B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ray Dalio withdrew a net $2.45B in Q3 2024, closing 183 positions and reducing 428 holdings. Its most notable exit was Walt Disney, an estimated $19.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Ray Dalio opened a new position in Micron Technology worth $102M.
- Ray Dalio's largest Q3 2024 buy was Micron Technology: 983,685 shares worth $102M.
- Ray Dalio added most to Lam Research in Q3 2024, an estimated $182M increase.
- Ray Dalio's biggest Q3 2024 reduction was Procter & Gamble, cutting an estimated $338M.
- Ray Dalio fully exited Walt Disney in Q3 2024, selling an estimated $19.4M.
- Ray Dalio's ten largest holdings make up 32% of its $17.7B portfolio in Q3 2024.
- Ray Dalio opened 79 new positions and closed 183 in Q3 2024.
- Ray Dalio's portfolio value fell 7.8% quarter-over-quarter to $17.7B.
Based on Bridgewater Associates's 13F filing for Q3 2024, filed 13 Nov 2024.