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 Core MSCI Emerging Markets ETF
IEMG
|
+$89.7M |
| 2 |
Cummins
CMI
|
+$35.2M |
| 3 |
Royal Bank of Canada
RY
|
+$32.9M |
| 4 |
Toll Brothers
TOL
|
+$32.7M |
| 5 |
Toronto Dominion Bank
TD
|
+$31.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$188M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$147M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$76M |
| 4 |
NFX
Newfield Exploration
NFX
|
+$32.1M |
| 5 |
Procter & Gamble
PG
|
+$30.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 3.42% |
| 2 | Healthcare | 2.95% |
| 3 | Consumer Discretionary | 2.83% |
| 4 | Energy | 2.39% |
| 5 | Industrials | 2.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Atmos Energy
ATO
$28.8B
| $352K | ﹤0.01% |
3,900
-2,778
| -42% | -$240K |
|
402
Goodyear
GT
$1.85B
| $351K | ﹤0.01% |
+15,074
| New | +$387K |
|
403
AGCO
AGCO
$7.2B
| $350K | ﹤0.01% |
5,757
-18,415
| -76% | -$1.18M |
|
404
Enovis
ENOV
$1.53B
| $350K | ﹤0.01% |
6,640
-7,876
| -54% | -$426K |
|
405
Gentex
GNTX
$5.07B
| $350K | ﹤0.01% |
+15,212
| New | +$361K |
|
406
Silicon Laboratories
SLAB
$7.23B
| $350K | ﹤0.01% |
+3,515
| New | +$351K |
|
407
UGI
UGI
$7.33B
| $349K | ﹤0.01% |
6,709
-5,856
| -47% | -$284K |
|
408
Crane NXT
CXT
$3.07B
| $348K | ﹤0.01% |
12,506
-12,167
| -49% | -$366K |
|
409
LKQ Corp
LKQ
$6.29B
| $348K | ﹤0.01% |
+10,918
| New | +$364K |
|
410
Valmont Industries
VMI
$9.53B
| $348K | ﹤0.01% |
2,310
-3,120
| -57% | -$456K |
|
411
Graco
GGG
$13.5B
| $347K | ﹤0.01% |
7,681
-9,690
| -56% | -$444K |
|
|
TXNM
412
TXNM Energy Inc
TXNM
$5.94B
| $347K | ﹤0.01% |
8,914
-5,517
| -38% | -$211K |
|
413
Acuity Brands
AYI
$10.8B
| $346K | ﹤0.01% |
2,989
-2,651
| -47% | -$323K |
|
414
Donaldson
DCI
$11.4B
| $346K | ﹤0.01% |
7,667
-10,051
| -57% | -$464K |
|
415
Idacorp
IDA
$8.2B
| $346K | ﹤0.01% |
3,754
-2,535
| -40% | -$228K |
|
416
Toro Company
TTC
$9.49B
| $346K | ﹤0.01% |
5,741
-7,023
| -55% | -$423K |
|
417
Hubbell
HUBB
$27.2B
| $341K | ﹤0.01% |
3,228
-3,178
| -50% | -$352K |
|
418
Nordson
NDSN
$17.3B
| $340K | ﹤0.01% |
2,644
-3,036
| -53% | -$401K |
|
|
LLL
419
DELISTED
L3 Technologies, Inc.
LLL
| $317K | ﹤0.01% |
1,649
+49
| +3% | +$9.78K |
|
420
Wells Fargo
WFC
$264B
| $315K | ﹤0.01% |
5,690
-75,376
| -93% | -$4.04M |
|
421
RPM International
RPM
$15B
| $305K | ﹤0.01% |
5,235
-37,643
| -88% | -$1.89M |
|
422
Eldorado Gold
EGO
$9.89B
| $298K | ﹤0.01% |
59,020
-307
| -0.5% | -$1.58K |
|
423
Cabot Corp
CBT
$4.52B
| $297K | ﹤0.01% |
4,809
-4,258
| -47% | -$252K |
|
424
NewMarket
NEU
$8.18B
| $296K | ﹤0.01% |
733
-506
| -41% | -$198K |
|
|
JOYY
425
JOYY Inc
JOYY
$3.75B
| $296K | ﹤0.01% |
+2,950
| New | +$308K |
|
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Ray Dalio's Q2 2018 Portfolio in Review
As of Q2 2018, Ray Dalio held 552 positions worth $10B, down 4.6% from $10.5B the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Ray Dalio's Q2 2018 filing shows 92 new, 126 increased, 226 reduced and 92 closed positions. Its largest new stake was Cummins: 235,261 shares worth $31.3M. The largest sale was iShares MSCI Emerging Markets ETF, an estimated $188M.
By sector, the portfolio is most concentrated in Financials at 3.4% of assets, up from 2% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Ray Dalio's largest Q2 2018 buy was Cummins: 235,261 shares worth $31.3M.
- Ray Dalio added most to iShares Core MSCI Emerging Markets ETF in Q2 2018, an estimated $89.7M increase.
- Ray Dalio's biggest Q2 2018 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $188M.
- Ray Dalio fully exited Procter & Gamble in Q2 2018, selling an estimated $30.9M.
- Ray Dalio's ten largest holdings make up 70% of its $10B portfolio in Q2 2018.
- Ray Dalio opened 92 new positions and closed 92 in Q2 2018.
- Ray Dalio's portfolio value fell 4.6% quarter-over-quarter to $10B.
Based on Bridgewater Associates's 13F filing for Q2 2018, filed 13 Aug 2018.