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 |
Walmart Inc
WMT
|
+$228M |
| 2 |
Procter & Gamble
PG
|
+$208M |
| 3 |
Johnson & Johnson
JNJ
|
+$184M |
| 4 |
Coca-Cola
KO
|
+$140M |
| 5 |
PepsiCo
PEP
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$485M |
| 2 |
Mondelez International
MDLZ
|
+$107M |
| 3 |
General Mills
GIS
|
+$40.7M |
| 4 |
Archer Daniels Midland
ADM
|
+$40.5M |
| 5 |
WBA
Walgreens Boots Alliance
WBA
|
+$40.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 28.39% |
| 2 | Healthcare | 17.39% |
| 3 | Consumer Discretionary | 15% |
| 4 | Financials | 5.26% |
| 5 | Technology | 4.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
AtriCure
ATRC
$2.11B
| $3.44M | 0.02% |
+43,424
| New | +$3.16M |
|
402
Flex
FLEX
$44.8B
| $3.44M | 0.02% |
+255,612
| New | +$3.47M |
|
403
LPL Financial
LPLA
$28.6B
| $3.44M | 0.02% |
25,468
+1,185
| +5% | +$172K |
|
404
Strategic Education
STRA
$1.92B
| $3.41M | 0.02% |
+44,846
| New | +$3.58M |
|
405
Bausch Health
BHC
$2.34B
| $3.39M | 0.02% |
115,297
-4,529
| -4% | -$137K |
|
406
Interparfums
IPAR
$3.94B
| $3.36M | 0.02% |
+46,665
| New | +$3.44M |
|
407
Evolent Health
EVH
$447M
| $3.35M | 0.02% |
+158,513
| New | +$3.17M |
|
408
Visteon
VC
$2.78B
| $3.33M | 0.02% |
27,516
-1,463
| -5% | -$176K |
|
|
ACCD
409
DELISTED
Accolade Inc
ACCD
| $3.24M | 0.02% |
+59,724
| New | +$2.9M |
|
410
Cal-Maine
CALM
$3.99B
| $3.22M | 0.02% |
+88,828
| New | +$3.33M |
|
|
MOMO
411
Hello Group
MOMO
$866M
| $3.2M | 0.02% |
209,306
-10,228
| -5% | -$151K |
|
412
Integer Holdings
ITGR
$4.26B
| $3.16M | 0.02% |
+33,554
| New | +$3.09M |
|
413
Trex
TREX
$5.01B
| $3.16M | 0.02% |
30,915
-1,729
| -5% | -$175K |
|
|
BZUN
414
Baozun
BZUN
$172M
| $3.16M | 0.02% |
89,150
-6,721
| -7% | -$237K |
|
415
West Fraser Timber
WFG
$5.65B
| $3.16M | 0.02% |
43,963
+28,640
| +187% | +$2.2M |
|
|
CVSA
416
Covista Inc
CVSA
$4.8B
| $3.15M | 0.02% |
+88,259
| New | +$3.31M |
|
417
East-West Bancorp
EWBC
$18B
| $3.1M | 0.02% |
43,318
+80
| +0.2% | +$5.95K |
|
418
Canadian Pacific Kansas City
CP
$80.5B
| $3.1M | 0.02% |
+40,228
| New | +$3.12M |
|
|
SEE
419
DELISTED
Sealed Air
SEE
| $3.05M | 0.02% |
+51,488
| New | +$2.78M |
|
|
CMA
420
DELISTED
Comerica
CMA
| $3.04M | 0.02% |
42,628
-495
| -1% | -$36.7K |
|
421
CGI
GIB
$15.5B
| $3M | 0.02% |
33,041
-5,451
| -14% | -$483K |
|
|
DADA
422
DELISTED
Dada Nexus
DADA
| $2.99M | 0.02% |
+103,005
| New | +$2.68M |
|
423
Commerce Bancshares
CBSH
$8.5B
| $2.98M | 0.02% |
50,991
+4,741
| +10% | +$286K |
|
424
First Horizon
FHN
$12.1B
| $2.97M | 0.02% |
171,905
+2,357
| +1% | +$42.8K |
|
425
Zions Bancorporation
ZION
$10.3B
| $2.96M | 0.02% |
56,023
+5,505
| +11% | +$308K |
|
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Ray Dalio's Q2 2021 Portfolio in Review
As of Q2 2021, Ray Dalio held 784 positions worth $15.6B, up 37% from $11.3B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Ray Dalio deployed $3.72B of net new capital in Q2 2021, opening 329 new positions and adding to 255 existing holdings. Its largest new stake was Linde: 103,503 shares worth $29.9M.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, up from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $485M trimmed.
- Ray Dalio's largest Q2 2021 buy was Linde: 103,503 shares worth $29.9M.
- Ray Dalio added most to Walmart Inc in Q2 2021, an estimated $228M increase.
- Ray Dalio's biggest Q2 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $485M.
- Ray Dalio fully exited Mondelez International in Q2 2021, selling an estimated $107M.
- Ray Dalio's ten largest holdings make up 33% of its $15.6B portfolio in Q2 2021.
- Ray Dalio opened 329 new positions and closed 80 in Q2 2021.
- Ray Dalio's portfolio value rose 37% quarter-over-quarter to $15.6B.
Based on Bridgewater Associates's 13F filing for Q2 2021, filed 13 Aug 2021.