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
|
+$935M |
| 2 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$606M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$598M |
| 4 |
Alibaba
BABA
|
+$340M |
| 5 |
SPDR Gold Trust
GLD
|
+$130M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Danaher
DHR
|
+$47.4M |
| 2 |
Linde
LIN
|
+$29.9M |
| 3 |
Walmart Inc
WMT
|
+$28.5M |
| 4 |
Microsoft
MSFT
|
+$28.4M |
| 5 |
Deere & Co
DE
|
+$26.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 24.27% |
| 2 | Consumer Discretionary | 16.92% |
| 3 | Healthcare | 15.14% |
| 4 | Financials | 5.73% |
| 5 | Industrials | 3.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BZUN
401
Baozun
BZUN
$172M
| $2.52M | 0.01% |
143,570
+54,420
| +61% | +$1.34M |
|
|
SNV
402
DELISTED
Synovus
SNV
| $2.52M | 0.01% |
57,331
+11,834
| +26% | +$500K |
|
403
MGP Ingredients
MGPI
$375M
| $2.52M | 0.01% |
38,631
-1,442
| -4% | -$92.4K |
|
404
Fulgent Genetics
FLGT
$527M
| $2.5M | 0.01% |
27,770
-2,083
| -7% | -$189K |
|
405
Affiliated Managers Group
AMG
$9.76B
| $2.48M | 0.01% |
16,421
+3,506
| +27% | +$574K |
|
406
BOK Financial
BOKF
$8.74B
| $2.45M | 0.01% |
27,350
+3,570
| +15% | +$306K |
|
407
OptimizeRx
OPRX
$133M
| $2.44M | 0.01% |
+28,550
| New | +$1.79M |
|
408
Popular Inc
BPOP
$11.1B
| $2.43M | 0.01% |
31,286
+4,969
| +19% | +$370K |
|
409
Weis Markets
WMK
$1.86B
| $2.42M | 0.01% |
46,008
+3,520
| +8% | +$191K |
|
|
MODV
410
DELISTED
ModivCare
MODV
| $2.42M | 0.01% |
13,307
-1,134
| -8% | -$202K |
|
411
Bausch Health
BHC
$2.34B
| $2.39M | 0.01% |
85,767
-29,530
| -26% | -$837K |
|
412
Lithia Motors
LAD
$8.26B
| $2.39M | 0.01% |
+7,537
| New | +$2.62M |
|
413
Kilroy Realty
KRC
$4.42B
| $2.38M | 0.01% |
36,011
-3,183
| -8% | -$215K |
|
414
American Express
AXP
$230B
| $2.37M | 0.01% |
+14,150
| New | +$2.37M |
|
415
3M
MMM
$94.3B
| $2.36M | 0.01% |
+16,095
| New | +$2.61M |
|
|
FLG
416
Flagstar Bank National Association
FLG
$5.82B
| $2.36M | 0.01% |
61,072
+7,898
| +15% | +$287K |
|
417
TJX Companies
TJX
$178B
| $2.35M | 0.01% |
+35,632
| New | +$2.49M |
|
418
Vodafone
VOD
$37.4B
| $2.35M | 0.01% |
151,748
+8,695
| +6% | +$144K |
|
419
The Ensign Group
ENSG
$10.7B
| $2.33M | 0.01% |
31,099
+17,294
| +125% | +$1.43M |
|
420
Illumina
ILMN
$28.4B
| $2.31M | 0.01% |
5,865
-5,403
| -48% | -$2.48M |
|
421
Pediatrix Medical
MD
$2.2B
| $2.25M | 0.01% |
79,110
-3,427
| -4% | -$104K |
|
422
Vroom Inc
VRM
$48.2M
| $2.23M | 0.01% |
1,264
+685
| +118% | +$1.74M |
|
423
Ingles Markets
IMKTA
$1.67B
| $2.22M | 0.01% |
33,640
-1,298
| -4% | -$82.3K |
|
424
Mastercard
MA
$493B
| $2.21M | 0.01% |
6,372
+5,727
| +888% | +$2.08M |
|
425
Outset Medical
OM
$90.8M
| $2.18M | 0.01% |
2,936
-219
| -7% | -$149K |
|
Similar funds
Ray Dalio's Q3 2021 Portfolio in Review
As of Q3 2021, Ray Dalio held 821 positions worth $18.3B, up 17% from $15.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Ray Dalio deployed $3.42B of net new capital in Q3 2021, opening 117 new positions and adding to 343 existing holdings. Its largest new stake was DiDi Global Inc. American depositary shares, each four representing one Class A ordinary share: 8,990,211 shares worth $70M.
By sector, the portfolio is most concentrated in Consumer Staples at 24% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was Danaher, an estimated $47.4M trimmed.
- Ray Dalio's largest Q3 2021 buy was DiDi Global Inc. American depositary shares, each four representing one Class A ordinary share: 8,990,211 shares worth $70M.
- Ray Dalio added most to iShares MSCI Emerging Markets ETF in Q3 2021, an estimated $935M increase.
- Ray Dalio's biggest Q3 2021 reduction was Danaher, cutting an estimated $47.4M.
- Ray Dalio fully exited Linde in Q3 2021, selling an estimated $29.9M.
- Ray Dalio's ten largest holdings make up 38% of its $18.3B portfolio in Q3 2021.
- Ray Dalio opened 117 new positions and closed 138 in Q3 2021.
- Ray Dalio's portfolio value rose 17% quarter-over-quarter to $18.3B.
Based on Bridgewater Associates's 13F filing for Q3 2021, filed 12 Nov 2021.