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
|
+$217M |
| 2 |
Apple
AAPL
|
+$57.2M |
| 3 |
Coca-Cola
KO
|
+$24.2M |
| 4 |
POT
Potash Corp Of Saskatchewan
POT
|
+$21.7M |
| 5 |
Johnson & Johnson
JNJ
|
+$20.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$171M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$71.3M |
| 3 |
Gilead Sciences
GILD
|
+$52M |
| 4 |
Microsoft
MSFT
|
+$21.8M |
| 5 |
X
US Steel
X
|
+$15.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.03% |
| 2 | Materials | 2.19% |
| 3 | Energy | 1.97% |
| 4 | Healthcare | 1.2% |
| 5 | Industrials | 0.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Motorola Solutions
MSI
$77.4B
| – | – |
-15,753
| Closed | -$1.06M |
|
377
NRG Energy
NRG
$24.8B
| – | – |
-315,200
| Closed | -$8.49M |
|
378
Norfolk Southern
NSC
$75.1B
| – | – |
-3,293
| Closed | -$361K |
|
379
Nucor
NUE
$62.1B
| – | – |
-126,550
| Closed | -$6.21M |
|
380
Pfizer
PFE
$153B
| – | – |
-222,613
| Closed | -$6.58M |
|
381
Pultegroup
PHM
$25.3B
| – | – |
-395,558
| Closed | -$8.49M |
|
382
PNC Financial Services
PNC
$101B
| – | – |
-4,900
| Closed | -$447K |
|
383
Perrigo
PRGO
$1.78B
| – | – |
-13,900
| Closed | -$2.32M |
|
384
PTC
PTC
$16B
| – | – |
-5,715
| Closed | -$209K |
|
385
Rogers Communications
RCI
$18.6B
| – | – |
-106,700
| Closed | -$4.16M |
|
386
Regeneron Pharmaceuticals
REGN
$80.8B
| – | – |
-11,800
| Closed | -$4.84M |
|
387
RTX Corp
RTX
$301B
| – | – |
-32,112
| Closed | -$2.32M |
|
388
Stanley Black & Decker
SWK
$15.7B
| – | – |
-20,000
| Closed | -$1.92M |
|
389
TE Connectivity
TEL
$62.6B
| – | – |
-58,759
| Closed | -$3.72M |
|
390
Terex
TEX
$7.74B
| – | – |
-9,200
| Closed | -$256K |
|
391
Truist Financial
TFC
$64B
| – | – |
-7,200
| Closed | -$280K |
|
392
TJX Companies
TJX
$178B
| – | – |
-105,678
| Closed | -$3.62M |
|
393
Thermo Fisher Scientific
TMO
$220B
| – | – |
-11,899
| Closed | -$1.49M |
|
394
Tapestry
TPR
$32.8B
| – | – |
-55,485
| Closed | -$2.08M |
|
395
Telus
TU
$15.3B
| – | – |
-255,200
| Closed | -$4.62M |
|
396
Under Armour
UAA
$2.6B
| – | – |
-7,600
| Closed | -$258K |
|
397
US Bancorp
USB
$99.6B
| – | – |
-12,784
| Closed | -$575K |
|
398
Visa
V
$677B
| – | – |
-4,804
| Closed | -$315K |
|
399
Vishay Intertechnology
VSH
$5.43B
| – | – |
-11,133
| Closed | -$158K |
|
400
Viatris
VTRS
$19.1B
| – | – |
-52,706
| Closed | -$2.97M |
|
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Ray Dalio's Q1 2015 Portfolio in Review
As of Q1 2015, Ray Dalio held 425 positions worth $12.8B, up 2.4% from $12.5B the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Ray Dalio's Q1 2015 filing shows 90 new, 147 increased, 87 reduced and 97 closed positions. Its largest new stake was Coca-Cola: 577,774 shares worth $23.4M. The largest sale was Vanguard FTSE Emerging Markets ETF, an estimated $171M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.4% a quarter earlier, followed by Materials and Energy.
- Ray Dalio's largest Q1 2015 buy was Coca-Cola: 577,774 shares worth $23.4M.
- Ray Dalio added most to State Street SPDR S&P 500 ETF Trust in Q1 2015, an estimated $217M increase.
- Ray Dalio's biggest Q1 2015 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $171M.
- Ray Dalio fully exited US Steel in Q1 2015, selling an estimated $15.2M.
- Ray Dalio's ten largest holdings make up 88% of its $12.8B portfolio in Q1 2015.
- Ray Dalio opened 90 new positions and closed 97 in Q1 2015.
- Ray Dalio's portfolio value rose 2.4% quarter-over-quarter to $12.8B.
Based on Bridgewater Associates's 13F filing for Q1 2015, filed 14 May 2015.