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 Core S&P 500 ETF
IVV
|
+$118M |
| 2 |
JPMorgan Chase
JPM
|
+$87.7M |
| 3 |
Bank of America
BAC
|
+$66.7M |
| 4 |
Citigroup
C
|
+$58.3M |
| 5 |
Wells Fargo
WFC
|
+$33.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$227M |
| 2 |
Johnson & Johnson
JNJ
|
+$198M |
| 3 |
Coca-Cola
KO
|
+$184M |
| 4 |
PepsiCo
PEP
|
+$179M |
| 5 |
McDonald's
MCD
|
+$141M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 27.91% |
| 2 | Healthcare | 19.75% |
| 3 | Financials | 10.48% |
| 4 | Consumer Discretionary | 9.62% |
| 5 | Communication Services | 3.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Reinsurance Group of America
RGA
$16.1B
| $6.11M | 0.03% |
42,996
+30,058
| +232% | +$4.2M |
|
327
AstraZeneca
AZN
$250B
| $6.08M | 0.03% |
44,809
+4,913
| +12% | +$616K |
|
|
TWNK
328
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $6.06M | 0.03% |
270,127
-94,729
| -26% | -$2.38M |
|
329
e.l.f. Beauty
ELF
$5.81B
| $5.99M | 0.03% |
108,338
-31,321
| -22% | -$1.53M |
|
330
Tractor Supply
TSCO
$18B
| $5.96M | 0.03% |
132,450
+55,735
| +73% | +$2.37M |
|
331
iQIYI
IQ
$1.28B
| $5.94M | 0.03% |
1,120,301
-436,306
| -28% | -$1.27M |
|
332
Conagra Brands
CAG
$7.23B
| $5.93M | 0.03% |
153,317
+78,487
| +105% | +$2.85M |
|
333
Waters Corp
WAT
$39.9B
| $5.91M | 0.03% |
17,250
+222
| +1% | +$70.2K |
|
334
Markel Group
MKL
$23.2B
| $5.89M | 0.03% |
4,474
+1,524
| +52% | +$1.89M |
|
335
The Ensign Group
ENSG
$10.7B
| $5.89M | 0.03% |
62,238
-21,043
| -25% | -$1.91M |
|
336
AMN Healthcare
AMN
$1.4B
| $5.8M | 0.03% |
56,413
-18,543
| -25% | -$2.14M |
|
337
Edison International
EIX
$26.4B
| $5.77M | 0.03% |
90,672
+47,199
| +109% | +$2.9M |
|
|
PINC
338
DELISTED
Premier
PINC
| $5.75M | 0.03% |
164,258
-18,915
| -10% | -$630K |
|
339
Xylem
XYL
$28.1B
| $5.74M | 0.03% |
51,884
-1,272
| -2% | -$133K |
|
|
LHCG
340
DELISTED
LHC Group LLC
LHCG
| $5.68M | 0.03% |
35,100
-12,023
| -26% | -$1.99M |
|
341
EQT Corp
EQT
$32.3B
| $5.66M | 0.03% |
167,415
-112,472
| -40% | -$4.51M |
|
342
Papa John's
PZZA
$806M
| $5.62M | 0.03% |
68,308
-21,971
| -24% | -$1.73M |
|
343
Evolent Health
EVH
$447M
| $5.5M | 0.03% |
195,935
-37,800
| -16% | -$1.08M |
|
344
KeyCorp
KEY
$24.4B
| $5.45M | 0.03% |
312,904
+192,359
| +160% | +$3.38M |
|
|
WRK
345
DELISTED
WestRock Company
WRK
| $5.45M | 0.03% |
155,026
-5,303
| -3% | -$185K |
|
346
Arrow Electronics
ARW
$10.4B
| $5.45M | 0.03% |
52,101
-11,125
| -18% | -$1.15M |
|
347
Cincinnati Financial
CINF
$27.1B
| $5.38M | 0.03% |
52,510
+17,831
| +51% | +$1.84M |
|
348
QuidelOrtho
QDEL
$838M
| $5.36M | 0.03% |
62,537
-16,577
| -21% | -$1.4M |
|
349
Morgan Stanley
MS
$340B
| $5.31M | 0.03% |
+62,501
| New | +$5.33M |
|
350
FirstEnergy
FE
$27.5B
| $5.25M | 0.03% |
125,142
+48,702
| +64% | +$1.9M |
|
Similar funds
Ray Dalio's Q4 2022 Portfolio in Review
As of Q4 2022, Ray Dalio held 953 positions worth $18.3B, down 7.3% from $19.8B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ray Dalio withdrew a net $3.25B in Q4 2022, closing 133 positions and reducing 457 holdings. Its most notable exit was Advanced Micro Devices, an estimated $45.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, down from 30% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Ray Dalio opened a new position in JPMorgan Chase worth $92.8M.
- Ray Dalio's largest Q4 2022 buy was JPMorgan Chase: 692,356 shares worth $92.8M.
- Ray Dalio added most to iShares Core S&P 500 ETF in Q4 2022, an estimated $118M increase.
- Ray Dalio's biggest Q4 2022 reduction was Procter & Gamble, cutting an estimated $227M.
- Ray Dalio fully exited Advanced Micro Devices in Q4 2022, selling an estimated $45.8M.
- Ray Dalio's ten largest holdings make up 32% of its $18.3B portfolio in Q4 2022.
- Ray Dalio opened 87 new positions and closed 133 in Q4 2022.
- Ray Dalio's portfolio value fell 7.3% quarter-over-quarter to $18.3B.
Based on Bridgewater Associates's 13F filing for Q4 2022, filed 13 Feb 2023.