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
|
+$2.65B |
| 2 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$1.35B |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$940M |
| 4 |
iShares MSCI Brazil ETF
EWZ
|
+$357M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$125M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XEC
CIMAREX ENERGY CO
XEC
|
+$72.3M |
| 2 |
X
US Steel
X
|
+$66.9M |
| 3 |
CELG
Celgene Corp
CELG
|
+$56.3M |
| 4 |
International Paper
IP
|
+$46.6M |
| 5 |
SWN
Southwestern Energy Company
SWN
|
+$42.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.31% |
| 2 | Consumer Discretionary | 2.13% |
| 3 | Healthcare | 1.71% |
| 4 | Industrials | 1.43% |
| 5 | Materials | 1.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
APA Corp
APA
$13.2B
| $601K | ﹤0.01% |
17,350
-13,584
| -44% | -$443K |
|
|
VRN
277
DELISTED
Veren
VRN
| $600K | ﹤0.01% |
185,233
-41,509
| -18% | -$128K |
|
278
US Bancorp
USB
$99.6B
| $590K | ﹤0.01% |
+12,238
| New | +$614K |
|
|
QEP
279
DELISTED
QEP RESOURCES, INC.
QEP
| $589K | ﹤0.01% |
+75,652
| New | +$604K |
|
280
American Financial Group
AFG
$12.1B
| $583K | ﹤0.01% |
6,056
-4,891
| -45% | -$468K |
|
|
MOMO
281
Hello Group
MOMO
$866M
| $566K | ﹤0.01% |
14,792
+745
| +5% | +$23.8K |
|
282
Madison Square Garden
MSGS
$9.39B
| $565K | ﹤0.01% |
+2,702
| New | +$549K |
|
|
NBL
283
DELISTED
Noble Energy, Inc.
NBL
| $551K | ﹤0.01% |
22,285
-1,111
| -5% | -$25.1K |
|
284
Vipshop
VIPS
$7.53B
| $479K | ﹤0.01% |
59,711
+1,215
| +2% | +$8.61K |
|
285
Globe Life
GL
$14.3B
| $458K | ﹤0.01% |
5,592
-8,881
| -61% | -$726K |
|
|
SINA
286
DELISTED
Sina Corp
SINA
| $451K | ﹤0.01% |
7,612
+108
| +1% | +$6.47K |
|
287
B2Gold
BTG
$6.64B
| $448K | ﹤0.01% |
160,113
-7,515
| -4% | -$22.4K |
|
288
Commault Systems
CVLT
$5.61B
| $431K | ﹤0.01% |
+6,662
| New | +$430K |
|
289
PTC
PTC
$16B
| $427K | ﹤0.01% |
+4,634
| New | +$410K |
|
|
JOBS
290
DELISTED
51job Inc
JOBS
| $424K | ﹤0.01% |
5,447
+271
| +5% | +$18.8K |
|
291
Domino's
DPZ
$11.6B
| $421K | ﹤0.01% |
+1,632
| New | +$424K |
|
292
Sibanye-Stillwater
SBSW
$7.53B
| $393K | ﹤0.01% |
95,231
+2,818
| +3% | +$10.7K |
|
|
NUAN
293
DELISTED
Nuance Communications, Inc.
NUAN
| $373K | ﹤0.01% |
+25,454
| New | +$353K |
|
294
Cheniere Energy
LNG
$52.9B
| $334K | ﹤0.01% |
+4,879
| New | +$321K |
|
|
JOYY
295
JOYY Inc
JOYY
$3.75B
| $317K | ﹤0.01% |
3,769
+54
| +1% | +$3.92K |
|
296
GDS Holdings
GDS
$6.41B
| $311K | ﹤0.01% |
+8,705
| New | +$263K |
|
297
Jack in the Box
JACK
$335M
| $306K | ﹤0.01% |
+3,775
| New | +$302K |
|
|
TSS
298
DELISTED
Total System Services, Inc.
TSS
| $299K | ﹤0.01% |
3,149
-19,605
| -86% | -$1.77M |
|
|
PVG
299
DELISTED
PRETIUM RESOURCES INC.
PVG
| $239K | ﹤0.01% |
27,944
-2,173
| -7% | -$17.3K |
|
300
Colgate-Palmolive
CL
$74.4B
| $216K | ﹤0.01% |
3,145
-576,766
| -99% | -$37.3M |
|
Similar funds
Ray Dalio's Q1 2019 Portfolio in Review
As of Q1 2019, Ray Dalio held 555 positions worth $16.3B, up 49% from $10.9B the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Ray Dalio deployed $4.28B of net new capital in Q1 2019, opening 83 new positions and adding to 78 existing holdings. Its largest new stake was TD Ameritrade Holding Corp: 574,854 shares worth $28.7M.
By sector, the portfolio is most concentrated in Financials at 2.3% of assets, down from 5.6% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was CIMAREX ENERGY CO, an estimated $72.3M trimmed.
- Ray Dalio's largest Q1 2019 buy was TD Ameritrade Holding Corp: 574,854 shares worth $28.7M.
- Ray Dalio added most to iShares MSCI Emerging Markets ETF in Q1 2019, an estimated $2.65B increase.
- Ray Dalio's biggest Q1 2019 reduction was CIMAREX ENERGY CO, cutting an estimated $72.3M.
- Ray Dalio fully exited US Steel in Q1 2019, selling an estimated $66.9M.
- Ray Dalio's ten largest holdings make up 79% of its $16.3B portfolio in Q1 2019.
- Ray Dalio opened 83 new positions and closed 252 in Q1 2019.
- Ray Dalio's portfolio value rose 49% quarter-over-quarter to $16.3B.
Based on Bridgewater Associates's 13F filing for Q1 2019, filed 14 May 2019.