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 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$219M |
| 2 |
Gilead Sciences
GILD
|
+$30.6M |
| 3 |
Microsoft
MSFT
|
+$27.5M |
| 4 |
POT
Potash Corp Of Saskatchewan
POT
|
+$20.5M |
| 5 |
Eastman Chemical
EMN
|
+$19.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$384M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$62M |
| 3 |
Apple
AAPL
|
+$30.1M |
| 4 |
RTX Corp
RTX
|
+$20.5M |
| 5 |
Fossil Group
FOSL
|
+$20M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.42% |
| 2 | Energy | 2.21% |
| 3 | Materials | 2.04% |
| 4 | Healthcare | 1.26% |
| 5 | Industrials | 0.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Zimmer Biomet
ZBH
$18.4B
| $230K | ﹤0.01% |
+2,089
| New | +$220K |
|
302
Snap-on
SNA
$21.5B
| $227K | ﹤0.01% |
1,658
-2,442
| -60% | -$320K |
|
303
Leggett & Platt
LEG
$1.31B
| $220K | ﹤0.01% |
+5,155
| New | +$203K |
|
304
RPM International
RPM
$15B
| $219K | ﹤0.01% |
+4,328
| New | +$201K |
|
305
Newell Brands
NWL
$2.56B
| $217K | ﹤0.01% |
+5,700
| New | +$201K |
|
306
Fair Isaac
FICO
$22.5B
| $216K | ﹤0.01% |
+2,982
| New | +$196K |
|
|
STI
307
DELISTED
SunTrust Banks, Inc.
STI
| $211K | ﹤0.01% |
+5,028
| New | +$197K |
|
|
CVG
308
DELISTED
Convergys
CVG
| $211K | ﹤0.01% |
+10,344
| New | +$205K |
|
|
TSS
309
DELISTED
Total System Services, Inc.
TSS
| $210K | ﹤0.01% |
+6,182
| New | +$200K |
|
310
International Flavors & Fragrances
IFF
$21.9B
| $209K | ﹤0.01% |
2,063
-3,300
| -62% | -$326K |
|
311
PTC
PTC
$16B
| $209K | ﹤0.01% |
+5,715
| New | +$212K |
|
312
Fortinet
FTNT
$117B
| $208K | ﹤0.01% |
+34,000
| New | +$183K |
|
|
CYT
313
DELISTED
CYTEC INDS INC
CYT
| $208K | ﹤0.01% |
+4,500
| New | +$209K |
|
314
Albemarle
ALB
$15.5B
| $207K | ﹤0.01% |
3,444
-9,256
| -73% | -$545K |
|
315
Deluxe
DLX
$1.15B
| $207K | ﹤0.01% |
3,322
-878
| -21% | -$51.6K |
|
316
Gartner
IT
$11.7B
| $207K | ﹤0.01% |
+2,454
| New | +$199K |
|
317
lululemon athletica
LULU
$14.6B
| $207K | ﹤0.01% |
3,706
-7,294
| -66% | -$333K |
|
318
Cabot Corp
CBT
$4.52B
| $206K | ﹤0.01% |
+4,689
| New | +$212K |
|
319
Celanese
CE
$4.82B
| $205K | ﹤0.01% |
3,426
-4,000
| -54% | -$234K |
|
320
Fidelity National Information Services
FIS
$22.1B
| $205K | ﹤0.01% |
3,300
-700
| -18% | -$41.1K |
|
|
VAL
321
DELISTED
Valspar
VAL
| $205K | ﹤0.01% |
+2,366
| New | +$194K |
|
|
ANSS
322
DELISTED
Ansys
ANSS
| $202K | ﹤0.01% |
+2,461
| New | +$195K |
|
323
Commault Systems
CVLT
$5.61B
| $202K | ﹤0.01% |
+3,900
| New | +$187K |
|
324
NewMarket
NEU
$8.18B
| $202K | ﹤0.01% |
+500
| New | +$193K |
|
325
LyondellBasell Industries
LYB
$19.2B
| $201K | ﹤0.01% |
2,534
-866
| -25% | -$75.1K |
|
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Ray Dalio's Q4 2014 Portfolio in Review
As of Q4 2014, Ray Dalio held 456 positions worth $12.5B, down 2.4% from $12.8B the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Ray Dalio's Q4 2014 filing shows 93 new, 144 increased, 94 reduced and 121 closed positions. Its largest new stake was Potash Corp Of Saskatchewan: 601,600 shares worth $21.3M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $384M.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 2.6% a quarter earlier, followed by Energy and Materials.
- Ray Dalio's largest Q4 2014 buy was Potash Corp Of Saskatchewan: 601,600 shares worth $21.3M.
- Ray Dalio added most to Vanguard FTSE Emerging Markets ETF in Q4 2014, an estimated $219M increase.
- Ray Dalio's biggest Q4 2014 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $384M.
- Ray Dalio fully exited United Parcel Service in Q4 2014, selling an estimated $14.7M.
- Ray Dalio's ten largest holdings make up 89% of its $12.5B portfolio in Q4 2014.
- Ray Dalio opened 93 new positions and closed 121 in Q4 2014.
- Ray Dalio's portfolio value fell 2.4% quarter-over-quarter to $12.5B.
Based on Bridgewater Associates's 13F filing for Q4 2014, filed 11 Feb 2015.