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
|
+$935M |
| 2 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$606M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$598M |
| 4 |
Alibaba
BABA
|
+$340M |
| 5 |
SPDR Gold Trust
GLD
|
+$130M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Danaher
DHR
|
+$47.4M |
| 2 |
Linde
LIN
|
+$29.9M |
| 3 |
Walmart Inc
WMT
|
+$28.5M |
| 4 |
Microsoft
MSFT
|
+$28.4M |
| 5 |
Deere & Co
DE
|
+$26.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 24.27% |
| 2 | Consumer Discretionary | 16.92% |
| 3 | Healthcare | 15.14% |
| 4 | Financials | 5.73% |
| 5 | Industrials | 3.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
WD-40
WDFC
$3.15B
| $5.49M | 0.03% |
23,735
-843
| -3% | -$202K |
|
277
KB Home
KBH
$3.59B
| $5.49M | 0.03% |
140,978
+40,556
| +40% | +$1.68M |
|
278
Phreesia
PHR
$773M
| $5.43M | 0.03% |
88,036
-2,685
| -3% | -$179K |
|
279
Accenture
ACN
$108B
| $5.39M | 0.03% |
+16,845
| New | +$5.48M |
|
280
Shake Shack
SHAK
$2.87B
| $5.34M | 0.03% |
68,049
-2,321
| -3% | -$211K |
|
281
Amazon
AMZN
$2.96T
| $5.32M | 0.03% |
+32,380
| New | +$5.59M |
|
282
Cracker Barrel
CBRL
$1.29B
| $5.22M | 0.03% |
37,364
+9,116
| +32% | +$1.28M |
|
283
Oracle
ORCL
$423B
| $5.22M | 0.03% |
59,919
+29,021
| +94% | +$2.56M |
|
284
CSX Corp
CSX
$93.1B
| $5.2M | 0.03% |
174,958
+167,794
| +2,342% | +$5.37M |
|
285
Integra LifeSciences
IART
$1.34B
| $5.13M | 0.03% |
74,963
+5,081
| +7% | +$359K |
|
286
LPL Financial
LPLA
$28.6B
| $5.11M | 0.03% |
32,591
+7,123
| +28% | +$1.02M |
|
|
AMED
287
DELISTED
Amedisys
AMED
| $5.08M | 0.03% |
34,049
-1,225
| -3% | -$255K |
|
288
Qfin Holdings
QFIN
$1.61B
| $5.07M | 0.03% |
249,405
+195,813
| +365% | +$4.62M |
|
|
MDC
289
DELISTED
M.D.C. Holdings, Inc.
MDC
| $5.03M | 0.03% |
107,744
+34,496
| +47% | +$1.75M |
|
290
J&J Snack Foods
JJSF
$1.71B
| $5.03M | 0.03% |
32,879
-913
| -3% | -$149K |
|
291
Thermo Fisher Scientific
TMO
$220B
| $5.02M | 0.03% |
+8,779
| New | +$4.82M |
|
292
AMN Healthcare
AMN
$1.4B
| $5M | 0.03% |
43,599
-3,891
| -8% | -$413K |
|
293
Equitable Holdings
EQH
$14.1B
| $4.9M | 0.03% |
165,235
+32,386
| +24% | +$980K |
|
294
RELX
RELX
$62B
| $4.88M | 0.03% |
168,989
+129,507
| +328% | +$3.82M |
|
295
Evolent Health
EVH
$447M
| $4.71M | 0.03% |
152,100
-6,413
| -4% | -$154K |
|
296
Workday
WDAY
$44.4B
| $4.69M | 0.03% |
18,762
+562
| +3% | +$139K |
|
297
Sprouts Farmers Market
SFM
$8.01B
| $4.67M | 0.03% |
201,436
+22,370
| +12% | +$545K |
|
298
Aramark
ARMK
$14.7B
| $4.62M | 0.03% |
194,791
-149,161
| -43% | -$3.69M |
|
|
LHCG
299
DELISTED
LHC Group LLC
LHCG
| $4.59M | 0.03% |
29,227
-2,315
| -7% | -$435K |
|
300
TAL Education Group
TAL
$6.87B
| $4.58M | 0.03% |
945,145
+426,090
| +82% | +$3.78M |
|
Similar funds
Ray Dalio's Q3 2021 Portfolio in Review
As of Q3 2021, Ray Dalio held 821 positions worth $18.3B, up 17% from $15.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Ray Dalio deployed $3.42B of net new capital in Q3 2021, opening 117 new positions and adding to 343 existing holdings. Its largest new stake was DiDi Global Inc. American depositary shares, each four representing one Class A ordinary share: 8,990,211 shares worth $70M.
By sector, the portfolio is most concentrated in Consumer Staples at 24% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was Danaher, an estimated $47.4M trimmed.
- Ray Dalio's largest Q3 2021 buy was DiDi Global Inc. American depositary shares, each four representing one Class A ordinary share: 8,990,211 shares worth $70M.
- Ray Dalio added most to iShares MSCI Emerging Markets ETF in Q3 2021, an estimated $935M increase.
- Ray Dalio's biggest Q3 2021 reduction was Danaher, cutting an estimated $47.4M.
- Ray Dalio fully exited Linde in Q3 2021, selling an estimated $29.9M.
- Ray Dalio's ten largest holdings make up 38% of its $18.3B portfolio in Q3 2021.
- Ray Dalio opened 117 new positions and closed 138 in Q3 2021.
- Ray Dalio's portfolio value rose 17% quarter-over-quarter to $18.3B.
Based on Bridgewater Associates's 13F filing for Q3 2021, filed 12 Nov 2021.