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 |
Lam Research
LRCX
|
+$182M |
| 2 |
Qualcomm
QCOM
|
+$134M |
| 3 |
Apple
AAPL
|
+$126M |
| 4 |
Constellation Energy
CEG
|
+$114M |
| 5 |
Broadcom
AVGO
|
+$114M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$338M |
| 2 |
Johnson & Johnson
JNJ
|
+$276M |
| 3 |
Walmart Inc
WMT
|
+$270M |
| 4 |
Costco
COST
|
+$236M |
| 5 |
McDonald's
MCD
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.57% |
| 2 | Consumer Discretionary | 11.09% |
| 3 | Healthcare | 10.72% |
| 4 | Consumer Staples | 9.72% |
| 5 | Communication Services | 9.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Lear
LEA
$8.18B
| $4.88M | 0.03% |
44,742
-1,915
| -4% | -$218K |
|
377
TAL Education Group
TAL
$6.87B
| $4.87M | 0.03% |
411,337
-37,005
| -8% | -$341K |
|
378
Ally Financial
ALLY
$13.3B
| $4.83M | 0.03% |
135,649
+102,736
| +312% | +$4.11M |
|
379
Royal Caribbean
RCL
$85.6B
| $4.78M | 0.03% |
+26,946
| New | +$4.37M |
|
380
Masco
MAS
$15.3B
| $4.76M | 0.03% |
56,766
-78,705
| -58% | -$5.97M |
|
381
NVR
NVR
$17B
| $4.73M | 0.03% |
482
-30
| -6% | -$262K |
|
382
Cirrus Logic
CRUS
$6.26B
| $4.68M | 0.03% |
37,716
-6,038
| -14% | -$799K |
|
383
Stride
LRN
$3.43B
| $4.67M | 0.03% |
54,694
-36,460
| -40% | -$2.82M |
|
384
American Eagle Outfitters
AEO
$3.01B
| $4.59M | 0.03% |
205,206
+123,850
| +152% | +$2.55M |
|
385
Sigma Lithium
SGML
$1.28B
| $4.58M | 0.03% |
+370,865
| New | +$4.05M |
|
386
Matador Resources
MTDR
$6.09B
| $4.55M | 0.03% |
91,969
+44,508
| +94% | +$2.51M |
|
387
Scotiabank
BNS
$108B
| $4.49M | 0.03% |
+82,229
| New | +$3.99M |
|
388
Western Union
WU
$2.21B
| $4.45M | 0.03% |
373,410
+88,498
| +31% | +$1.07M |
|
389
Brown-Forman Class B
BF.B
$13.1B
| $4.42M | 0.03% |
89,778
-37,872
| -30% | -$1.7M |
|
390
Group 1 Automotive
GPI
$3.18B
| $4.36M | 0.02% |
11,388
-10,140
| -47% | -$3.48M |
|
|
TGNA
391
DELISTED
TEGNA Inc
TGNA
| $4.34M | 0.02% |
274,909
-72,535
| -21% | -$1.06M |
|
392
Henry Schein
HSIC
$9.82B
| $4.32M | 0.02% |
59,254
-93,492
| -61% | -$6.48M |
|
393
Louisiana-Pacific
LPX
$5.49B
| $4.29M | 0.02% |
39,920
-29,719
| -43% | -$2.8M |
|
394
Brink's
BCO
$4.62B
| $4.28M | 0.02% |
36,983
-11,387
| -24% | -$1.21M |
|
|
TLN
395
Talen Energy Corp
TLN
$16.7B
| $4.28M | 0.02% |
+23,993
| New | +$3.38M |
|
396
Atkore
ATKR
$3.16B
| $4.27M | 0.02% |
50,362
+47,383
| +1,591% | +$5.15M |
|
|
GRMN
397
Garmin
GRMN
$60B
| $4.24M | 0.02% |
24,079
-76,002
| -76% | -$13.1M |
|
398
Terex
TEX
$7.74B
| $4.18M | 0.02% |
79,009
+50,389
| +176% | +$2.78M |
|
399
Canadian Natural Resources
CNQ
$93.8B
| $4.13M | 0.02% |
124,286
-3,433
| -3% | -$119K |
|
400
Unity
U
$18.9B
| $4.13M | 0.02% |
182,410
-321,553
| -64% | -$5.55M |
|
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Ray Dalio's Q3 2024 Portfolio in Review
As of Q3 2024, Ray Dalio held 956 positions worth $17.7B, down 7.8% from $19.2B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ray Dalio withdrew a net $2.45B in Q3 2024, closing 183 positions and reducing 428 holdings. Its most notable exit was Walt Disney, an estimated $19.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Ray Dalio opened a new position in Micron Technology worth $102M.
- Ray Dalio's largest Q3 2024 buy was Micron Technology: 983,685 shares worth $102M.
- Ray Dalio added most to Lam Research in Q3 2024, an estimated $182M increase.
- Ray Dalio's biggest Q3 2024 reduction was Procter & Gamble, cutting an estimated $338M.
- Ray Dalio fully exited Walt Disney in Q3 2024, selling an estimated $19.4M.
- Ray Dalio's ten largest holdings make up 32% of its $17.7B portfolio in Q3 2024.
- Ray Dalio opened 79 new positions and closed 183 in Q3 2024.
- Ray Dalio's portfolio value fell 7.8% quarter-over-quarter to $17.7B.
Based on Bridgewater Associates's 13F filing for Q3 2024, filed 13 Nov 2024.