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 |
Walmart Inc
WMT
|
+$71.2M |
| 2 |
Procter & Gamble
PG
|
+$68.3M |
| 3 |
Coca-Cola
KO
|
+$57.2M |
| 4 |
Lowe's Companies
LOW
|
+$50M |
| 5 |
PepsiCo
PEP
|
+$42.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$211M |
| 2 |
SPDR Gold Trust
GLD
|
+$211M |
| 3 |
iShares MSCI Emerging Markets ETF
EEM
|
+$186M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$146M |
| 5 |
iShares Gold Trust
IAU
|
+$114M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 27.76% |
| 2 | Consumer Discretionary | 17.03% |
| 3 | Healthcare | 11.47% |
| 4 | Financials | 6.12% |
| 5 | Industrials | 2.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HUYA
276
Huya Inc
HUYA
$558M
| $2.04M | 0.02% |
104,611
-30,289
| -22% | -$760K |
|
|
SNV
277
DELISTED
Synovus
SNV
| $2.03M | 0.02% |
44,398
+21,758
| +96% | +$911K |
|
278
CSX Corp
CSX
$93.1B
| $1.97M | 0.02% |
61,353
-444,645
| -88% | -$13.6M |
|
|
INOV
279
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $1.96M | 0.02% |
68,058
-79,966
| -54% | -$2.06M |
|
|
FLG
280
Flagstar Bank National Association
FLG
$5.82B
| $1.9M | 0.02% |
50,188
+26,424
| +111% | +$914K |
|
281
Vroom Inc
VRM
$48.2M
| $1.86M | 0.02% |
+596
| New | +$1.93M |
|
282
Teladoc Health
TDOC
$1.3B
| $1.85M | 0.02% |
10,175
-18,142
| -64% | -$4.21M |
|
283
Southwest Airlines
LUV
$23B
| $1.85M | 0.02% |
30,244
-142,004
| -82% | -$7.56M |
|
284
BOK Financial
BOKF
$8.74B
| $1.83M | 0.02% |
20,544
+13,015
| +173% | +$1.1M |
|
285
Open Text
OTEX
$6.04B
| $1.82M | 0.02% |
38,154
+22,449
| +143% | +$1.05M |
|
286
Snap
SNAP
$9.01B
| $1.82M | 0.02% |
34,761
-396,486
| -92% | -$22.8M |
|
287
Popular Inc
BPOP
$11.1B
| $1.79M | 0.02% |
25,469
+12,526
| +97% | +$811K |
|
288
Weyerhaeuser
WY
$18.4B
| $1.76M | 0.02% |
49,337
-216,165
| -81% | -$7.36M |
|
289
Valley National Bancorp
VLY
$8.04B
| $1.66M | 0.01% |
120,568
+66,656
| +124% | +$803K |
|
|
JOBS
290
DELISTED
51job Inc
JOBS
| $1.65M | 0.01% |
26,425
-11,768
| -31% | -$786K |
|
291
Shopify
SHOP
$195B
| $1.63M | 0.01% |
14,720
+9,420
| +178% | +$1.14M |
|
292
Bank OZK
OZK
$5.61B
| $1.58M | 0.01% |
38,783
+20,103
| +108% | +$792K |
|
293
VeriSign
VRSN
$26.6B
| $1.57M | 0.01% |
+7,877
| New | +$1.55M |
|
294
SiriusXM
SIRI
$10.1B
| $1.55M | 0.01% |
+25,463
| New | +$1.55M |
|
295
Workday
WDAY
$44.4B
| $1.53M | 0.01% |
6,160
-56,729
| -90% | -$14M |
|
296
Norfolk Southern
NSC
$75.1B
| $1.52M | 0.01% |
5,669
-46,300
| -89% | -$11.7M |
|
297
Stantec
STN
$8.39B
| $1.47M | 0.01% |
34,248
+17,236
| +101% | +$663K |
|
298
United Parcel Service
UPS
$88.9B
| $1.45M | 0.01% |
8,501
-115,754
| -93% | -$18.7M |
|
|
PACW
299
DELISTED
PacWest Bancorp
PACW
| $1.37M | 0.01% |
35,866
+17,656
| +97% | +$619K |
|
300
Willis Towers Watson
WTW
$32B
| $1.36M | 0.01% |
5,959
-2,657
| -31% | -$579K |
|
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Ray Dalio's Q1 2021 Portfolio in Review
As of Q1 2021, Ray Dalio held 652 positions worth $11.3B, down 1.9% from $11.6B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Ray Dalio withdrew a net $463M in Q1 2021, closing 197 positions and reducing 123 holdings. Its most notable exit was ServiceNow, an estimated $13.4M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Ray Dalio opened a new position in Lowe's Companies worth $55.4M.
- Ray Dalio's largest Q1 2021 buy was Lowe's Companies: 291,137 shares worth $55.4M.
- Ray Dalio added most to Walmart Inc in Q1 2021, an estimated $71.2M increase.
- Ray Dalio's biggest Q1 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $211M.
- Ray Dalio fully exited ServiceNow in Q1 2021, selling an estimated $13.4M.
- Ray Dalio's ten largest holdings make up 39% of its $11.3B portfolio in Q1 2021.
- Ray Dalio opened 127 new positions and closed 197 in Q1 2021.
- Ray Dalio's portfolio value fell 1.9% quarter-over-quarter to $11.3B.
Based on Bridgewater Associates's 13F filing for Q1 2021, filed 14 May 2021.