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 |
Amazon
AMZN
|
+$293M |
| 2 |
Microsoft
MSFT
|
+$216M |
| 3 |
ExxonMobil
XOM
|
+$92M |
| 4 |
Cameco
CCJ
|
+$87.2M |
| 5 |
Advanced Micro Devices
AMD
|
+$67.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$256M |
| 2 |
Eli Lilly
LLY
|
+$148M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$140M |
| 4 |
Comcast
CMCSA
|
+$88.8M |
| 5 |
Procter & Gamble
PG
|
+$83.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 18.04% |
| 2 | Healthcare | 14.75% |
| 3 | Technology | 14.42% |
| 4 | Consumer Discretionary | 12.13% |
| 5 | Communication Services | 8.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
EXL Service
EXLS
$5.29B
| $6.01M | 0.03% |
191,763
-112,731
| -37% | -$3.38M |
|
327
Liberty Broadband Class C
LBRDK
$5.15B
| $6.01M | 0.03% |
109,578
-376,940
| -77% | -$19.5M |
|
328
NXP Semiconductors
NXPI
$60.4B
| $6M | 0.03% |
22,309
-90,788
| -80% | -$23.4M |
|
329
Agnico Eagle Mines
AEM
$90.5B
| $5.98M | 0.03% |
91,456
-130,457
| -59% | -$8.51M |
|
330
Gentex
GNTX
$5.07B
| $5.96M | 0.03% |
176,932
-3,166
| -2% | -$109K |
|
331
Emcor
EME
$36B
| $5.94M | 0.03% |
+16,261
| New | +$6M |
|
332
Domino's
DPZ
$11.6B
| $5.93M | 0.03% |
11,487
+8,296
| +260% | +$4.23M |
|
|
SGI
333
Somnigroup International
SGI
$13.7B
| $5.77M | 0.03% |
121,852
-1,537
| -1% | -$77.8K |
|
334
Louisiana-Pacific
LPX
$5.49B
| $5.73M | 0.03% |
69,639
-154,321
| -69% | -$12.9M |
|
335
Nexstar Media Group
NXST
$5.97B
| $5.69M | 0.03% |
34,251
-24,999
| -42% | -$4.06M |
|
336
Regeneron Pharmaceuticals
REGN
$80.8B
| $5.63M | 0.03% |
5,354
-55,792
| -91% | -$54.1M |
|
337
Cirrus Logic
CRUS
$6.26B
| $5.59M | 0.03% |
43,754
+9,273
| +27% | +$973K |
|
338
Vipshop
VIPS
$7.53B
| $5.56M | 0.03% |
426,853
-110,298
| -21% | -$1.75M |
|
339
Teradata
TDC
$2.55B
| $5.55M | 0.03% |
+160,598
| New | +$5.6M |
|
340
Canadian National Railway
CNI
$76.6B
| $5.54M | 0.03% |
46,925
+2,273
| +5% | +$285K |
|
341
Sherwin-Williams
SHW
$89.8B
| $5.52M | 0.03% |
18,491
+4,913
| +36% | +$1.52M |
|
342
Brown-Forman Class B
BF.B
$13.1B
| $5.51M | 0.03% |
127,650
-31,621
| -20% | -$1.49M |
|
343
Hanover Insurance
THG
$7.98B
| $5.51M | 0.03% |
43,896
+25,745
| +142% | +$3.35M |
|
344
Assured Guaranty
AGO
$3.34B
| $5.5M | 0.03% |
+71,230
| New | +$5.57M |
|
345
US Foods
USFD
$24B
| $5.45M | 0.03% |
+102,831
| New | +$5.41M |
|
346
Halliburton
HAL
$26.6B
| $5.41M | 0.03% |
160,233
-80,415
| -33% | -$2.97M |
|
347
FedEx
FDX
$75.4B
| $5.41M | 0.03% |
18,028
+3,289
| +22% | +$860K |
|
348
Lear
LEA
$8.18B
| $5.33M | 0.03% |
+46,657
| New | +$5.97M |
|
349
NewMarket
NEU
$8.18B
| $5.27M | 0.03% |
10,221
-4,613
| -31% | -$2.57M |
|
|
SWN
350
DELISTED
Southwestern Energy Company
SWN
| $5.19M | 0.03% |
771,809
-232,040
| -23% | -$1.69M |
|
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Ray Dalio's Q2 2024 Portfolio in Review
As of Q2 2024, Ray Dalio held 959 positions worth $19.2B, down 3.1% from $19.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Ray Dalio withdrew a net $757M in Q2 2024, closing 82 positions and reducing 390 holdings. Its most notable exit was Marathon Oil Corporation, an estimated $28.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 18% of assets, down from 19% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Ray Dalio opened a new position in Constellation Energy worth $38.9M.
- Ray Dalio's largest Q2 2024 buy was Constellation Energy: 194,333 shares worth $38.9M.
- Ray Dalio added most to Amazon in Q2 2024, an estimated $293M increase.
- Ray Dalio's biggest Q2 2024 reduction was Apple, cutting an estimated $256M.
- Ray Dalio fully exited Marathon Oil Corporation in Q2 2024, selling an estimated $28.8M.
- Ray Dalio's ten largest holdings make up 35% of its $19.2B portfolio in Q2 2024.
- Ray Dalio opened 282 new positions and closed 82 in Q2 2024.
- Ray Dalio's portfolio value fell 3.1% quarter-over-quarter to $19.2B.
Based on Bridgewater Associates's 13F filing for Q2 2024, filed 14 Aug 2024.