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 | |
|---|---|---|---|---|---|---|
426
Willis Towers Watson
WTW
$32B
| $294K | ﹤0.01% |
1,942
-7,877
| -80% | -$1.2M |
|
427
International Flavors & Fragrances
IFF
$21.9B
| $290K | ﹤0.01% |
2,338
-1,270
| -35% | -$166K |
|
428
Sibanye-Stillwater
SBSW
$7.53B
| $283K | ﹤0.01% |
116,809
+13,899
| +14% | +$42.8K |
|
|
CA
429
DELISTED
CA, Inc.
CA
| $282K | ﹤0.01% |
7,916
-286,056
| -97% | -$10.1M |
|
430
Bank of America
BAC
$442B
| $279K | ﹤0.01% |
9,914
-50,885
| -84% | -$1.52M |
|
|
STI
431
DELISTED
SunTrust Banks, Inc.
STI
| $279K | ﹤0.01% |
4,224
-9,230
| -69% | -$627K |
|
|
TAHO
432
DELISTED
Tahoe Resources Inc
TAHO
| $277K | ﹤0.01% |
56,389
+2,697
| +5% | +$13.6K |
|
|
PVG
433
DELISTED
PRETIUM RESOURCES INC.
PVG
| $243K | ﹤0.01% |
33,154
-47
| -0.1% | -$335 |
|
434
Ciena
CIEN
$58.4B
| $237K | ﹤0.01% |
8,938
-6,356
| -42% | -$161K |
|
|
NGD
435
DELISTED
New Gold Inc
NGD
| $229K | ﹤0.01% |
110,029
+10,492
| +11% | +$24.2K |
|
|
NATI
436
DELISTED
National Instruments Corp
NATI
| $229K | ﹤0.01% |
5,457
-2,292
| -30% | -$102K |
|
437
Knowles
KN
$3.34B
| $227K | ﹤0.01% |
14,853
-15,913
| -52% | -$220K |
|
438
Mettler-Toledo International
MTD
$28.6B
| $226K | ﹤0.01% |
390
-3,028
| -89% | -$1.73M |
|
|
TRQ
439
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $226K | ﹤0.01% |
7,977
| – | – |
|
440
Vishay Intertechnology
VSH
$5.43B
| $225K | ﹤0.01% |
9,687
-10,993
| -53% | -$229K |
|
|
AVX
441
DELISTED
AVX Corporation
AVX
| $216K | ﹤0.01% |
13,766
-8,544
| -38% | -$136K |
|
442
Arrow Electronics
ARW
$10.4B
| $214K | ﹤0.01% |
+2,837
| New | +$216K |
|
443
Fidelity National Financial
FNF
$13.5B
| $213K | ﹤0.01% |
5,883
-814
| -12% | -$29.6K |
|
|
BIG
444
DELISTED
Big Lots, Inc.
BIG
| $211K | ﹤0.01% |
+5,051
| New | +$212K |
|
|
GES
445
DELISTED
Guess Inc
GES
| $210K | ﹤0.01% |
+9,813
| New | +$226K |
|
|
AXE
446
DELISTED
Anixter International Inc
AXE
| $208K | ﹤0.01% |
+3,291
| New | +$220K |
|
447
Murphy USA
MUSA
$9.61B
| $207K | ﹤0.01% |
+2,781
| New | +$192K |
|
448
M&T Bank
MTB
$36.2B
| $206K | ﹤0.01% |
1,211
-4,393
| -78% | -$787K |
|
449
NVIDIA
NVDA
$5.42T
| $206K | ﹤0.01% |
+34,840
| New | +$212K |
|
450
Penske Automotive Group
PAG
$14.2B
| $205K | ﹤0.01% |
+4,366
| New | +$206K |
|
Similar funds
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.