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 |
Alphabet (Google) Class A
GOOGL
|
+$476M |
| 2 |
Apple
AAPL
|
+$335M |
| 3 |
NVIDIA
NVDA
|
+$316M |
| 4 |
Amazon
AMZN
|
+$175M |
| 5 |
Microsoft
MSFT
|
+$155M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinduoduo
PDD
|
+$117M |
| 2 |
Costco
COST
|
+$109M |
| 3 |
Coca-Cola
KO
|
+$103M |
| 4 |
Cisco
CSCO
|
+$90M |
| 5 |
Procter & Gamble
PG
|
+$84.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 18.93% |
| 2 | Healthcare | 17.5% |
| 3 | Technology | 13.05% |
| 4 | Consumer Discretionary | 11.08% |
| 5 | Communication Services | 9.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Cheniere Energy
LNG
$52.9B
| $6.85M | 0.03% |
42,458
-25,381
| -37% | -$4.08M |
|
327
AstraZeneca
AZN
$250B
| $6.73M | 0.03% |
49,631
-30,394
| -38% | -$4.02M |
|
328
Hudbay
HBM
$12.3B
| $6.61M | 0.03% |
943,445
+573,799
| +155% | +$3.34M |
|
329
M/I Homes
MHO
$3.84B
| $6.61M | 0.03% |
48,465
+37,981
| +362% | +$4.82M |
|
330
Acadia Healthcare
ACHC
$2.94B
| $6.6M | 0.03% |
83,351
-13,529
| -14% | -$1.11M |
|
331
Nextpower Inc
NXT
$15.7B
| $6.6M | 0.03% |
117,311
+91,779
| +359% | +$4.88M |
|
332
TAL Education Group
TAL
$6.87B
| $6.56M | 0.03% |
577,987
-346,666
| -37% | -$4.31M |
|
|
TGNA
333
DELISTED
TEGNA Inc
TGNA
| $6.52M | 0.03% |
436,720
+5,177
| +1% | +$76.9K |
|
334
Gentex
GNTX
$5.07B
| $6.51M | 0.03% |
180,098
-70,501
| -28% | -$2.44M |
|
335
Etsy
ETSY
$7.85B
| $6.49M | 0.03% |
94,454
+80,916
| +598% | +$5.81M |
|
336
SEI Investments
SEIC
$12.6B
| $6.43M | 0.03% |
89,395
-43,441
| -33% | -$2.89M |
|
337
Apollo Global Management
APO
$73.4B
| $6.35M | 0.03% |
56,482
-133,070
| -70% | -$14M |
|
338
Toll Brothers
TOL
$14.5B
| $6.35M | 0.03% |
49,072
-23,495
| -32% | -$2.56M |
|
339
Chemours
CC
$2.37B
| $6.31M | 0.03% |
240,115
+61,396
| +34% | +$1.75M |
|
340
Flowers Foods
FLO
$1.57B
| $6.3M | 0.03% |
265,185
-71,863
| -21% | -$1.64M |
|
341
CenterPoint Energy
CNP
$26.8B
| $6.29M | 0.03% |
220,772
+191,447
| +653% | +$5.36M |
|
|
MZTI
342
The Marzetti Company
MZTI
$3.11B
| $6.29M | 0.03% |
30,285
-1,767
| -6% | -$336K |
|
343
The Ensign Group
ENSG
$10.7B
| $6.28M | 0.03% |
50,506
-8,329
| -14% | -$999K |
|
344
Viatris
VTRS
$18.9B
| $6.24M | 0.03% |
522,461
+366,474
| +235% | +$4.41M |
|
345
BorgWarner
BWA
$13.9B
| $6.24M | 0.03% |
179,539
+75,590
| +73% | +$2.47M |
|
346
Goldman Sachs
GS
$303B
| $6.21M | 0.03% |
14,879
+14,025
| +1,642% | +$5.44M |
|
347
Fluence Energy
FLNC
$2.44B
| $6.19M | 0.03% |
356,720
+319,673
| +863% | +$5.85M |
|
348
NIO
NIO
$11.9B
| $6.16M | 0.03% |
1,367,890
-1,265,008
| -48% | -$7.63M |
|
349
Genpact
G
$5.76B
| $6.15M | 0.03% |
186,697
-295
| -0.2% | -$10.3K |
|
350
Synchrony
SYF
$25.6B
| $6.12M | 0.03% |
142,044
+69,026
| +95% | +$2.75M |
|
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Ray Dalio's Q1 2024 Portfolio in Review
As of Q1 2024, Ray Dalio held 814 positions worth $19.8B, up 11% from $17.9B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ray Dalio's Q1 2024 filing shows 72 new, 203 increased, 394 reduced and 137 closed positions. Its largest new stake was Amazon: 1,047,891 shares worth $189M. The largest sale was Pinduoduo, an estimated $117M.
By sector, the portfolio is most concentrated in Consumer Staples at 19% of assets, down from 24% a quarter earlier, followed by Healthcare and Technology.
- Ray Dalio's largest Q1 2024 buy was Amazon: 1,047,891 shares worth $189M.
- Ray Dalio added most to Alphabet (Google) Class A in Q1 2024, an estimated $476M increase.
- Ray Dalio's biggest Q1 2024 reduction was Pinduoduo, cutting an estimated $117M.
- Ray Dalio fully exited American Homes 4 Rent in Q1 2024, selling an estimated $21.4M.
- Ray Dalio's ten largest holdings make up 32% of its $19.8B portfolio in Q1 2024.
- Ray Dalio opened 72 new positions and closed 137 in Q1 2024.
- Ray Dalio's portfolio value rose 11% quarter-over-quarter to $19.8B.
Based on Bridgewater Associates's 13F filing for Q1 2024, filed 14 May 2024.