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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$146M |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$95.4M |
| 3 |
HP
HPQ
|
+$20.2M |
| 4 |
IBM
IBM
|
+$17.3M |
| 5 |
Ralph Lauren
RL
|
+$14.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$285M |
| 2 |
F5
FFIV
|
+$22.3M |
| 3 |
ANDV
Andeavor
ANDV
|
+$20.1M |
| 4 |
Franklin Resources
BEN
|
+$18.3M |
| 5 |
Cognizant
CTSH
|
+$17.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.18% |
| 2 | Energy | 1.76% |
| 3 | Healthcare | 1.18% |
| 4 | Consumer Discretionary | 1.12% |
| 5 | Materials | 0.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WCG
276
DELISTED
Wellcare Health Plans, Inc.
WCG
| $588K | 0.01% |
+8,431
| New | +$539K |
|
|
INFA
277
DELISTED
INFORMATICA CORP
INFA
| $588K | 0.01% |
+15,100
| New | +$573K |
|
278
Allstate
ALL
$67.5B
| $574K | ﹤0.01% |
+11,346
| New | +$571K |
|
|
ARG
279
DELISTED
Airgas Inc
ARG
| $573K | ﹤0.01% |
+5,400
| New | +$555K |
|
280
Celanese
CE
$4.82B
| $572K | ﹤0.01% |
10,826
-3,574
| -25% | -$175K |
|
|
SWI
281
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
| $568K | ﹤0.01% |
+16,200
| New | +$634K |
|
|
URS
282
DELISTED
URS CORP
URS
| $565K | ﹤0.01% |
+10,518
| New | +$522K |
|
|
ROC
283
DELISTED
ROCKWOOD HLDGS INC
ROC
| $560K | ﹤0.01% |
+8,369
| New | +$552K |
|
|
MCRS
284
DELISTED
MICROS SYSTEMS INC
MCRS
| $559K | ﹤0.01% |
+11,200
| New | +$543K |
|
|
TRQ
285
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $558K | ﹤0.01% |
16,380
-468
| -3% | -$18.4K |
|
|
GRA
286
DELISTED
W.R. Grace & Co.
GRA
| $551K | ﹤0.01% |
+6,301
| New | +$522K |
|
|
BTU
287
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
| $545K | ﹤0.01% |
2,107
-306
| -13% | -$78.2K |
|
|
STI
288
DELISTED
SunTrust Banks, Inc.
STI
| $533K | ﹤0.01% |
16,428
+3,900
| +31% | +$132K |
|
|
TIBX
289
DELISTED
TIBCO SOFTWARE INC
TIBX
| $520K | ﹤0.01% |
+20,302
| New | +$485K |
|
290
Ashland
ASH
$3.5B
| $518K | ﹤0.01% |
+11,446
| New | +$494K |
|
291
Oil States International
OIS
$491M
| $497K | ﹤0.01% |
8,400
-1,925
| -19% | -$105K |
|
|
CERN
292
DELISTED
Cerner Corp
CERN
| $491K | ﹤0.01% |
9,336
-9,168
| -50% | -$446K |
|
293
NVR
NVR
$17B
| $457K | ﹤0.01% |
497
+206
| +71% | +$186K |
|
|
RAD
294
DELISTED
Rite Aid Corporation
RAD
| $457K | ﹤0.01% |
+4,800
| New | +$328K |
|
295
PPG Industries
PPG
$26.6B
| $454K | ﹤0.01% |
5,432
-7,600
| -58% | -$608K |
|
296
ON Semiconductor
ON
$19.3B
| $450K | ﹤0.01% |
+61,617
| New | +$473K |
|
297
JB Hunt Transport Services
JBHT
$25.2B
| $441K | ﹤0.01% |
+6,051
| New | +$450K |
|
298
FirstEnergy
FE
$27.5B
| $419K | ﹤0.01% |
11,500
-225,906
| -95% | -$8.48M |
|
299
Jabil
JBL
$35.8B
| $408K | ﹤0.01% |
+18,816
| New | +$429K |
|
300
Booking.com
BKNG
$161B
| $404K | ﹤0.01% |
+10,000
| New | +$374K |
|
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Ray Dalio's Q3 2013 Portfolio in Review
As of Q3 2013, Ray Dalio held 443 positions worth $11.9B, up 3.9% from $11.4B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Ray Dalio's Q3 2013 filing shows 120 new, 86 increased, 103 reduced and 132 closed positions. Its largest new stake was HP: 1,832,945 shares worth $17.5M. The largest sale was iShares MSCI Emerging Markets ETF, an estimated $285M.
By sector, the portfolio is most concentrated in Technology at 2.2% of assets, down from 2.5% a quarter earlier, followed by Energy and Healthcare.
- Ray Dalio's largest Q3 2013 buy was HP: 1,832,945 shares worth $17.5M.
- Ray Dalio added most to State Street SPDR S&P 500 ETF Trust in Q3 2013, an estimated $146M increase.
- Ray Dalio's biggest Q3 2013 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $285M.
- Ray Dalio fully exited Andeavor in Q3 2013, selling an estimated $20.1M.
- Ray Dalio's ten largest holdings make up 91% of its $11.9B portfolio in Q3 2013.
- Ray Dalio opened 120 new positions and closed 132 in Q3 2013.
- Ray Dalio's portfolio value rose 3.9% quarter-over-quarter to $11.9B.
Based on Bridgewater Associates's 13F filing for Q3 2013, filed 13 Nov 2013.