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 MSCI Emerging Markets ETF
EEM
|
+$199M |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$82.8M |
| 3 |
American Express
AXP
|
+$20.2M |
| 4 |
RTX Corp
RTX
|
+$15.4M |
| 5 |
United Parcel Service
UPS
|
+$14.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$364M |
| 2 |
Microsoft
MSFT
|
+$34.2M |
| 3 |
Ventas
VTR
|
+$15M |
| 4 |
Intel
INTC
|
+$14.6M |
| 5 |
Conagra Brands
CAG
|
+$12.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.58% |
| 2 | Energy | 1.96% |
| 3 | Materials | 1.29% |
| 4 | Consumer Discretionary | 1.01% |
| 5 | Industrials | 0.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
C.H. Robinson
CHRW
$17.5B
| – | – |
-5,162
| Closed | -$329K |
|
377
Carter's
CRI
$1.47B
| – | – |
-3,100
| Closed | -$214K |
|
378
Community Health Systems
CYH
$423M
| – | – |
-5,820
| Closed | -$218K |
|
379
DuPont de Nemours
DD
$19.2B
| – | – |
-39,720
| Closed | -$5.18M |
|
380
Deere & Co
DE
$168B
| – | – |
-6,956
| Closed | -$630K |
|
381
Danaher
DHR
$144B
| – | – |
-29,963
| Closed | -$1.59M |
|
382
Walt Disney
DIS
$181B
| – | – |
-14,513
| Closed | -$1.24M |
|
383
Dollar Tree
DLTR
$25.2B
| – | – |
-35,139
| Closed | -$1.91M |
|
384
Consolidated Edison
ED
$39.8B
| – | – |
-44,978
| Closed | -$2.6M |
|
385
Elevance Health
ELV
$85.5B
| – | – |
-18,926
| Closed | -$2.04M |
|
386
Entergy
ETR
$50B
| – | – |
-38,232
| Closed | -$1.57M |
|
387
F5
FFIV
$22.7B
| – | – |
-4,889
| Closed | -$545K |
|
388
Flex
FLEX
$44.8B
| – | – |
-23,802
| Closed | -$199K |
|
389
FMC
FMC
$1.33B
| – | – |
-63,311
| Closed | -$3.91M |
|
390
Liberty Media Series A
FWONA
$23.5B
| – | – |
-10,695
| Closed | -$260K |
|
391
Goodyear
GT
$1.85B
| – | – |
-8,018
| Closed | -$223K |
|
392
Halliburton
HAL
$26.6B
| – | – |
-29,800
| Closed | -$2.12M |
|
393
Huntsman Corp
HUN
$1.77B
| – | – |
-7,989
| Closed | -$224K |
|
394
Intercontinental Exchange
ICE
$84.4B
| – | – |
-38,000
| Closed | -$1.44M |
|
|
BRSL
395
Brightstar Lottery PLC
BRSL
$2.03B
| – | – |
-13,578
| Closed | -$216K |
|
396
Iron Mountain
IRM
$36.1B
| – | – |
-19,743
| Closed | -$647K |
|
397
Illinois Tool Works
ITW
$85.3B
| – | – |
-20,724
| Closed | -$1.81M |
|
398
KLA
KLAC
$259B
| – | – |
-505,840
| Closed | -$3.67M |
|
399
Kroger
KR
$34.8B
| – | – |
-25,554
| Closed | -$632K |
|
400
LKQ Corp
LKQ
$6.29B
| – | – |
-32,805
| Closed | -$876K |
|
Similar funds
Ray Dalio's Q3 2014 Portfolio in Review
As of Q3 2014, Ray Dalio held 455 positions worth $12.8B, down 3.9% from $13.3B the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Ray Dalio's Q3 2014 filing shows 152 new, 111 increased, 96 reduced and 92 closed positions. Its largest new stake was American Express: 224,123 shares worth $19.6M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $364M.
By sector, the portfolio is most concentrated in Technology at 2.6% of assets, down from 3% a quarter earlier, followed by Energy and Materials.
- Ray Dalio's largest Q3 2014 buy was American Express: 224,123 shares worth $19.6M.
- Ray Dalio added most to iShares MSCI Emerging Markets ETF in Q3 2014, an estimated $199M increase.
- Ray Dalio's biggest Q3 2014 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $364M.
- Ray Dalio fully exited Conagra Brands in Q3 2014, selling an estimated $12.8M.
- Ray Dalio's ten largest holdings make up 90% of its $12.8B portfolio in Q3 2014.
- Ray Dalio opened 152 new positions and closed 92 in Q3 2014.
- Ray Dalio's portfolio value fell 3.9% quarter-over-quarter to $12.8B.
Based on Bridgewater Associates's 13F filing for Q3 2014, filed 12 Nov 2014.