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
|
+$61.9M |
| 2 |
Coca-Cola
KO
|
+$46.9M |
| 3 |
Broadcom
AVGO
|
+$46.8M |
| 4 |
SLB Ltd
SLB
|
+$40.3M |
| 5 |
Netflix
NFLX
|
+$40.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$76.6M |
| 2 |
Johnson & Johnson
JNJ
|
+$75.4M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$49.3M |
| 4 |
Tradeweb Markets
TW
|
+$48M |
| 5 |
Visa
V
|
+$40.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 26.52% |
| 2 | Healthcare | 20.27% |
| 3 | Consumer Discretionary | 12.77% |
| 4 | Technology | 5.33% |
| 5 | Financials | 4.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Interactive Brokers
IBKR
$39.8B
| $3.29M | 0.02% |
151,956
-1,739,284
| -92% | -$38.7M |
|
427
Qiagen
QGEN
$8.72B
| $3.26M | 0.02% |
75,849
-46,544
| -38% | -$2.17M |
|
|
IPG
428
DELISTED
Interpublic Group of Companies
IPG
| $3.22M | 0.02% |
112,387
-1,732
| -2% | -$57.8K |
|
429
Adobe
ADBE
$105B
| $3.21M | 0.02% |
6,295
+1,271
| +25% | +$667K |
|
430
The Ensign Group
ENSG
$10.7B
| $3.2M | 0.02% |
34,459
-24,697
| -42% | -$2.34M |
|
431
Interparfums
IPAR
$3.94B
| $3.18M | 0.02% |
23,645
-11,749
| -33% | -$1.61M |
|
432
First Solar
FSLR
$26.9B
| $3.17M | 0.02% |
19,604
| – | – |
|
433
Erie Indemnity
ERIE
$13.2B
| $3.16M | 0.02% |
10,739
+5,585
| +108% | +$1.44M |
|
|
RCM
434
DELISTED
R1 RCM Inc. Common Stock
RCM
| $3.09M | 0.02% |
205,052
-9,371
| -4% | -$158K |
|
|
PINC
435
DELISTED
Premier
PINC
| $3.08M | 0.02% |
143,044
+12,939
| +10% | +$323K |
|
436
Eastman Chemical
EMN
$8.42B
| $3.05M | 0.02% |
39,766
+20,596
| +107% | +$1.71M |
|
437
Waters Corp
WAT
$39.9B
| $3.05M | 0.02% |
11,106
-19,755
| -64% | -$5.46M |
|
|
LSXMK
438
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $3.04M | 0.02% |
+119,327
| New | +$2.9M |
|
|
PDCO
439
DELISTED
Patterson Companies, Inc.
PDCO
| $3.03M | 0.02% |
102,336
+6,355
| +7% | +$202K |
|
440
Hudbay
HBM
$12.3B
| $3.02M | 0.02% |
+617,431
| New | +$3.13M |
|
441
Avantor
AVTR
$9.19B
| $2.99M | 0.02% |
142,071
+111,364
| +363% | +$2.37M |
|
442
Linde
LIN
$226B
| $2.98M | 0.02% |
7,991
+842
| +12% | +$320K |
|
443
Privia Health
PRVA
$2.87B
| $2.92M | 0.02% |
127,116
+19,584
| +18% | +$498K |
|
444
Boston Beer
SAM
$1.92B
| $2.9M | 0.02% |
7,455
-9,898
| -57% | -$3.47M |
|
445
American Water Works
AWK
$26.9B
| $2.9M | 0.02% |
23,425
-947
| -4% | -$133K |
|
|
ERF
446
DELISTED
Enerplus Corporation
ERF
| $2.89M | 0.02% |
+163,955
| New | +$2.71M |
|
447
Nextpower Inc
NXT
$15.7B
| $2.87M | 0.02% |
+71,522
| New | +$2.9M |
|
448
SolarEdge
SEDG
$1.95B
| $2.86M | 0.02% |
+22,070
| New | +$4.23M |
|
449
Reynolds Consumer Products
REYN
$5.59B
| $2.85M | 0.02% |
111,351
+5,128
| +5% | +$140K |
|
|
MRSH
450
Marsh
MRSH
$91.5B
| $2.85M | 0.02% |
+14,990
| New | +$2.87M |
|
Similar funds
Ray Dalio's Q3 2023 Portfolio in Review
As of Q3 2023, Ray Dalio held 826 positions worth $16.5B, up 2.2% from $16.2B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Ray Dalio deployed $1.1B of net new capital in Q3 2023, opening 130 new positions and adding to 388 existing holdings. Its largest new stake was Broadcom: 540,410 shares worth $44.9M.
By sector, the portfolio is most concentrated in Consumer Staples at 27% of assets, down from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Vanguard FTSE Emerging Markets ETF, an estimated $76.6M trimmed.
- Ray Dalio's largest Q3 2023 buy was Broadcom: 540,410 shares worth $44.9M.
- Ray Dalio added most to iShares Core MSCI Emerging Markets ETF in Q3 2023, an estimated $61.9M increase.
- Ray Dalio's biggest Q3 2023 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $76.6M.
- Ray Dalio fully exited Corteva in Q3 2023, selling an estimated $19M.
- Ray Dalio's ten largest holdings make up 34% of its $16.5B portfolio in Q3 2023.
- Ray Dalio opened 130 new positions and closed 86 in Q3 2023.
- Ray Dalio's portfolio value rose 2.2% quarter-over-quarter to $16.5B.
Based on Bridgewater Associates's 13F filing for Q3 2023, filed 13 Nov 2023.