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 |
Visa
V
|
+$148M |
| 2 |
Mondelez International
MDLZ
|
+$144M |
| 3 |
Johnson & Johnson
JNJ
|
+$64.3M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$53.4M |
| 5 |
Microsoft
MSFT
|
+$51.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Medtronic
MDT
|
+$225M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$151M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$91.6M |
| 4 |
Walmart Inc
WMT
|
+$87.7M |
| 5 |
JPMorgan Chase
JPM
|
+$79.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 29.71% |
| 2 | Healthcare | 20.65% |
| 3 | Consumer Discretionary | 10.85% |
| 4 | Financials | 7.63% |
| 5 | Technology | 4.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Brown & Brown
BRO
$23.9B
| $3.98M | 0.02% |
65,821
+211
| +0.3% | +$13.3K |
|
427
J&J Snack Foods
JJSF
$1.71B
| $3.98M | 0.02% |
30,699
-884
| -3% | -$126K |
|
428
Reynolds Consumer Products
REYN
$5.59B
| $3.97M | 0.02% |
152,612
-4,340
| -3% | -$123K |
|
429
Envista
NVST
$4.52B
| $3.95M | 0.02% |
120,487
+67,522
| +127% | +$2.56M |
|
430
Pricesmart
PSMT
$5.46B
| $3.92M | 0.02% |
68,133
-1,346
| -2% | -$87.1K |
|
431
Strategic Education
STRA
$1.92B
| $3.88M | 0.02% |
63,235
-2,711
| -4% | -$182K |
|
432
Wolverine World Wide
WWW
$1.55B
| $3.87M | 0.02% |
251,723
+72,185
| +40% | +$1.49M |
|
433
Raymond James Financial
RJF
$34B
| $3.87M | 0.02% |
39,156
+34,216
| +693% | +$3.46M |
|
434
Lumentum
LITE
$69.3B
| $3.87M | 0.02% |
+56,374
| New | +$4.67M |
|
435
Group 1 Automotive
GPI
$3.18B
| $3.86M | 0.02% |
27,021
+4,496
| +20% | +$771K |
|
436
Simon Property Group
SPG
$72.3B
| $3.83M | 0.02% |
42,642
-63,567
| -60% | -$6.5M |
|
437
Schrodinger
SDGR
$1.36B
| $3.81M | 0.02% |
152,563
-4,106
| -3% | -$121K |
|
438
Interparfums
IPAR
$3.94B
| $3.81M | 0.02% |
50,476
-1,390
| -3% | -$110K |
|
|
PDCO
439
DELISTED
Patterson Companies, Inc.
PDCO
| $3.81M | 0.02% |
158,527
-3,416
| -2% | -$97.7K |
|
440
Western Digital
WDC
$150B
| $3.77M | 0.02% |
153,293
-36,825
| -19% | -$1.22M |
|
441
Jazz Pharmaceuticals
JAZZ
$16.7B
| $3.76M | 0.02% |
+28,223
| New | +$4.29M |
|
442
Huntington Bancshares
HBAN
$35.5B
| $3.74M | 0.02% |
283,466
+169,033
| +148% | +$2.26M |
|
443
Entegris
ENTG
$23.2B
| $3.69M | 0.02% |
44,447
+33,631
| +311% | +$3.28M |
|
444
Lockheed Martin
LMT
$136B
| $3.65M | 0.02% |
9,453
-66,933
| -88% | -$27.9M |
|
445
Sunrun
RUN
$2.46B
| $3.61M | 0.02% |
130,720
-23,261
| -15% | -$723K |
|
446
Tronox
TROX
$1.04B
| $3.61M | 0.02% |
294,343
+27,743
| +10% | +$412K |
|
|
NUVA
447
DELISTED
NuVasive, Inc.
NUVA
| $3.6M | 0.02% |
82,175
-104
| -0.1% | -$5.04K |
|
448
Best Buy
BBY
$17.3B
| $3.59M | 0.02% |
56,629
-79,135
| -58% | -$5.86M |
|
449
Terex
TEX
$7.74B
| $3.59M | 0.02% |
120,564
-32,823
| -21% | -$1.07M |
|
450
Teva Pharmaceuticals
TEVA
$41.2B
| $3.58M | 0.02% |
444,258
-40,785
| -8% | -$361K |
|
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Ray Dalio's Q3 2022 Portfolio in Review
As of Q3 2022, Ray Dalio held 1,045 positions worth $19.8B, down 16% from $23.6B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ray Dalio withdrew a net $2.53B in Q3 2022, closing 179 positions and reducing 498 holdings. Its most notable exit was Medtronic, an estimated $225M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 30% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Ray Dalio opened a new position in Accenture worth $29.3M.
- Ray Dalio's largest Q3 2022 buy was Accenture: 113,811 shares worth $29.3M.
- Ray Dalio added most to Visa in Q3 2022, an estimated $148M increase.
- Ray Dalio's biggest Q3 2022 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $151M.
- Ray Dalio fully exited Medtronic in Q3 2022, selling an estimated $225M.
- Ray Dalio's ten largest holdings make up 32% of its $19.8B portfolio in Q3 2022.
- Ray Dalio opened 60 new positions and closed 179 in Q3 2022.
- Ray Dalio's portfolio value fell 16% quarter-over-quarter to $19.8B.
Based on Bridgewater Associates's 13F filing for Q3 2022, filed 10 Nov 2022.