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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$146M |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$95.4M |
| 3 |
HP
HPQ
|
+$20.2M |
| 4 |
IBM
IBM
|
+$17.3M |
| 5 |
Ralph Lauren
RL
|
+$14.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$285M |
| 2 |
F5
FFIV
|
+$22.3M |
| 3 |
ANDV
Andeavor
ANDV
|
+$20.1M |
| 4 |
Franklin Resources
BEN
|
+$18.3M |
| 5 |
Cognizant
CTSH
|
+$17.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.18% |
| 2 | Energy | 1.76% |
| 3 | Healthcare | 1.18% |
| 4 | Consumer Discretionary | 1.12% |
| 5 | Materials | 0.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Hormel Foods
HRL
$13.8B
| – | – |
-11,826
| Closed | -$228K |
|
352
Huntsman Corp
HUN
$1.77B
| – | – |
-26,100
| Closed | -$432K |
|
|
PPLI
353
People Inc
PPLI
$3.1B
| – | – |
-76,540
| Closed | -$651K |
|
|
BRSL
354
Brightstar Lottery PLC
BRSL
$2.03B
| – | – |
-25,400
| Closed | -$424K |
|
355
Invesco
IVZ
$13.9B
| – | – |
-21,800
| Closed | -$693K |
|
356
Jefferies Financial Group
JEF
$13.1B
| – | – |
-65,352
| Closed | -$1.53M |
|
357
Keurig Dr Pepper
KDP
$40.8B
| – | – |
-5,500
| Closed | -$253K |
|
358
Kimco Realty
KIM
$16.4B
| – | – |
-27,600
| Closed | -$591K |
|
359
CarMax
KMX
$8.26B
| – | – |
-10,114
| Closed | -$467K |
|
360
Kohl's
KSS
$2.19B
| – | – |
-63,879
| Closed | -$3.23M |
|
361
Loews
L
$23.6B
| – | – |
-5,000
| Closed | -$222K |
|
362
Lear
LEA
$8.18B
| – | – |
-5,000
| Closed | -$302K |
|
363
Lennar Class A
LEN
$21.2B
| – | – |
-41,497
| Closed | -$1.42M |
|
364
L3Harris
LHX
$53.4B
| – | – |
-4,204
| Closed | -$207K |
|
365
Lockheed Martin
LMT
$136B
| – | – |
-10,176
| Closed | -$1.1M |
|
366
Southwest Airlines
LUV
$23B
| – | – |
-106,300
| Closed | -$1.37M |
|
367
Macerich
MAC
$6.92B
| – | – |
-4,200
| Closed | -$256K |
|
368
Matsons
MATX
$6.18B
| – | – |
-9,967
| Closed | -$249K |
|
369
Meta Platforms (Facebook)
META
$1.51T
| – | – |
-48,700
| Closed | -$1.21M |
|
370
Martin Marietta Materials
MLM
$33B
| – | – |
-7,500
| Closed | -$738K |
|
371
The Mosaic Company
MOS
$7.33B
| – | – |
-15,200
| Closed | -$818K |
|
372
Morgan Stanley
MS
$340B
| – | – |
-95,855
| Closed | -$2.34M |
|
373
Microsoft
MSFT
$3.71T
| – | – |
-84,204
| Closed | -$2.91M |
|
374
Madison Square Garden
MSGS
$9.39B
| – | – |
-5,521
| Closed | -$233K |
|
375
Mettler-Toledo International
MTD
$28.6B
| – | – |
-4,000
| Closed | -$805K |
|
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Ray Dalio's Q3 2013 Portfolio in Review
As of Q3 2013, Ray Dalio held 443 positions worth $11.9B, up 3.9% from $11.4B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Ray Dalio's Q3 2013 filing shows 120 new, 86 increased, 103 reduced and 132 closed positions. Its largest new stake was HP: 1,832,945 shares worth $17.5M. The largest sale was iShares MSCI Emerging Markets ETF, an estimated $285M.
By sector, the portfolio is most concentrated in Technology at 2.2% of assets, down from 2.5% a quarter earlier, followed by Energy and Healthcare.
- Ray Dalio's largest Q3 2013 buy was HP: 1,832,945 shares worth $17.5M.
- Ray Dalio added most to State Street SPDR S&P 500 ETF Trust in Q3 2013, an estimated $146M increase.
- Ray Dalio's biggest Q3 2013 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $285M.
- Ray Dalio fully exited Andeavor in Q3 2013, selling an estimated $20.1M.
- Ray Dalio's ten largest holdings make up 91% of its $11.9B portfolio in Q3 2013.
- Ray Dalio opened 120 new positions and closed 132 in Q3 2013.
- Ray Dalio's portfolio value rose 3.9% quarter-over-quarter to $11.9B.
Based on Bridgewater Associates's 13F filing for Q3 2013, filed 13 Nov 2013.