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 |
NFX
Newfield Exploration
NFX
|
+$44.6M |
| 2 |
Meta Platforms (Facebook)
META
|
+$35.1M |
| 3 |
XEC
CIMAREX ENERGY CO
XEC
|
+$33M |
| 4 |
AT&T
T
|
+$30.8M |
| 5 |
iShares MSCI Brazil ETF
EWZ
|
+$27.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$1.04B |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$833M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$391M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$147M |
| 5 |
iShares TIPS Bond ETF
TIP
|
+$92.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 3.02% |
| 2 | Energy | 2.11% |
| 3 | Consumer Discretionary | 2.02% |
| 4 | Financials | 1.95% |
| 5 | Consumer Staples | 1.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WCG
301
DELISTED
Wellcare Health Plans, Inc.
WCG
| $835K | 0.01% |
+4,312
| New | +$863K |
|
302
NVR
NVR
$17B
| $832K | 0.01% |
+297
| New | +$944K |
|
303
Snap-on
SNA
$21.5B
| $831K | 0.01% |
+5,631
| New | +$925K |
|
304
Honeywell
HON
$78B
| $827K | 0.01% |
+6,332
| New | +$876K |
|
305
MetLife
MET
$62.1B
| $818K | 0.01% |
+17,815
| New | +$864K |
|
306
Flowserve
FLS
$10.2B
| $815K | 0.01% |
+18,819
| New | +$819K |
|
307
Regal Rexnord
RRX
$11.9B
| $815K | 0.01% |
+11,105
| New | +$836K |
|
308
MSC Industrial Direct
MSM
$6.86B
| $808K | 0.01% |
+8,812
| New | +$814K |
|
309
Realty Income
O
$59.1B
| $805K | 0.01% |
+16,055
| New | +$800K |
|
310
Oshkosh
OSK
$9.59B
| $802K | 0.01% |
+10,380
| New | +$885K |
|
311
Sensata Technologies
ST
$6.79B
| $801K | 0.01% |
+15,455
| New | +$824K |
|
312
Donaldson
DCI
$11.4B
| $798K | 0.01% |
+17,718
| New | +$848K |
|
313
Enovis
ENOV
$1.53B
| $797K | 0.01% |
+14,516
| New | +$895K |
|
314
Toro Company
TTC
$9.49B
| $797K | 0.01% |
+12,764
| New | +$813K |
|
|
WPG
315
DELISTED
Washington Prime Group Inc.
WPG
| $797K | 0.01% |
+13,272
| New | +$776K |
|
316
Crane NXT
CXT
$3.07B
| $795K | 0.01% |
+24,673
| New | +$799K |
|
317
Graco
GGG
$13.5B
| $794K | 0.01% |
+17,371
| New | +$793K |
|
318
Valmont Industries
VMI
$9.53B
| $794K | 0.01% |
+5,430
| New | +$849K |
|
319
Jones Lang LaSalle
JLL
$16.7B
| $789K | 0.01% |
+4,516
| New | +$726K |
|
320
NNN REIT
NNN
$8.99B
| $787K | 0.01% |
+20,049
| New | +$782K |
|
321
Starwood Property Trust
STWD
$6.09B
| $787K | 0.01% |
+37,573
| New | +$777K |
|
|
SJR
322
DELISTED
Shaw Communications Inc.
SJR
| $787K | 0.01% |
40,871
-1,143
| -3% | -$23.4K |
|
|
DRE
323
DELISTED
Duke Realty Corp.
DRE
| $787K | 0.01% |
+29,739
| New | +$765K |
|
324
SITE Centers
SITC
$165M
| $786K | 0.01% |
+83,171
| New | +$836K |
|
|
SVC
325
Service Properties Trust
SVC
$1.07B
| $786K | 0.01% |
+6,200
| New | +$834K |
|
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Ray Dalio's Q1 2018 Portfolio in Review
As of Q1 2018, Ray Dalio held 508 positions worth $10.5B, down 14% from $12.2B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Ray Dalio withdrew a net $1.74B in Q1 2018, closing 48 positions and reducing 116 holdings. Its most notable exit was Costco, an estimated $15.6M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 3% of assets, up from 1.7% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Ray Dalio opened a new position in Biogen worth $21.1M.
- Ray Dalio's largest Q1 2018 buy was Biogen: 77,197 shares worth $21.1M.
- Ray Dalio added most to Newfield Exploration in Q1 2018, an estimated $44.6M increase.
- Ray Dalio's biggest Q1 2018 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $1.04B.
- Ray Dalio fully exited Costco in Q1 2018, selling an estimated $15.6M.
- Ray Dalio's ten largest holdings make up 73% of its $10.5B portfolio in Q1 2018.
- Ray Dalio opened 262 new positions and closed 48 in Q1 2018.
- Ray Dalio's portfolio value fell 14% quarter-over-quarter to $10.5B.
Based on Bridgewater Associates's 13F filing for Q1 2018, filed 15 May 2018.