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 | |
|---|---|---|---|---|---|---|
351
Celestica
CLS
$36.5B
| $5.16M | 0.03% |
90,064
+60,709
| +207% | +$3.06M |
|
352
Noble Corp
NE
$6.51B
| $5.14M | 0.03% |
+115,115
| New | +$5.32M |
|
353
Applovin
APP
$116B
| $5.05M | 0.03% |
+60,647
| New | +$4.71M |
|
354
Zoom
ZM
$30.6B
| $4.98M | 0.03% |
+84,212
| New | +$5.17M |
|
355
AutoNation
AN
$6.92B
| $4.96M | 0.03% |
31,123
-51,345
| -62% | -$8.38M |
|
356
Brink's
BCO
$4.62B
| $4.95M | 0.03% |
48,370
-42,466
| -47% | -$4.05M |
|
357
Encompass Health
EHC
$12.4B
| $4.95M | 0.03% |
57,677
-3,286
| -5% | -$276K |
|
358
Cognizant
CTSH
$26B
| $4.95M | 0.03% |
72,739
-214,205
| -75% | -$14.5M |
|
359
Genpact
G
$5.76B
| $4.88M | 0.03% |
151,619
-35,078
| -19% | -$1.13M |
|
360
Crown Holdings
CCK
$13.1B
| $4.85M | 0.03% |
65,232
+7,326
| +13% | +$591K |
|
361
Acuity Brands
AYI
$10.8B
| $4.84M | 0.03% |
20,066
-26,560
| -57% | -$6.79M |
|
|
TGNA
362
DELISTED
TEGNA Inc
TGNA
| $4.84M | 0.03% |
347,444
-89,276
| -20% | -$1.26M |
|
363
Steris
STE
$23.1B
| $4.82M | 0.03% |
21,953
-67,161
| -75% | -$14.6M |
|
364
SS&C Technologies
SSNC
$18.6B
| $4.81M | 0.03% |
76,743
+39,122
| +104% | +$2.43M |
|
365
United Parks & Resorts
PRKS
$2.12B
| $4.8M | 0.03% |
88,406
-55,509
| -39% | -$2.9M |
|
366
Cabot Corp
CBT
$4.52B
| $4.8M | 0.03% |
+52,182
| New | +$5.06M |
|
367
Dell
DELL
$293B
| $4.79M | 0.03% |
+34,720
| New | +$4.65M |
|
368
Fluence Energy
FLNC
$2.44B
| $4.78M | 0.03% |
275,949
-80,771
| -23% | -$1.55M |
|
369
TAL Education Group
TAL
$6.87B
| $4.78M | 0.03% |
448,342
-129,645
| -22% | -$1.53M |
|
370
Graphic Packaging
GPK
$3.58B
| $4.73M | 0.02% |
180,654
+85,782
| +90% | +$2.37M |
|
371
Simply Good Foods
SMPL
$982M
| $4.67M | 0.02% |
129,208
-11,352
| -8% | -$406K |
|
372
Apollo Global Management
APO
$73.4B
| $4.65M | 0.02% |
39,402
-17,080
| -30% | -$1.94M |
|
373
Zillow
Z
$7.56B
| $4.6M | 0.02% |
99,157
+888
| +0.9% | +$39.1K |
|
374
Doximity
DOCS
$4.88B
| $4.59M | 0.02% |
164,176
-25,300
| -13% | -$667K |
|
375
Avnet
AVT
$7.92B
| $4.58M | 0.02% |
88,994
-1,724
| -2% | -$88.3K |
|
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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.