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
|
+$162M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$150M |
| 3 |
Meta Platforms (Facebook)
META
|
+$79.3M |
| 4 |
Microsoft
MSFT
|
+$61.4M |
| 5 |
AbbVie
ABBV
|
+$58.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$218M |
| 2 |
Pinduoduo
PDD
|
+$136M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$111M |
| 4 |
Bank of America
BAC
|
+$106M |
| 5 |
Walmart Inc
WMT
|
+$104M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 28.42% |
| 2 | Healthcare | 21.25% |
| 3 | Consumer Discretionary | 10.73% |
| 4 | Financials | 6.5% |
| 5 | Communication Services | 4.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Teva Pharmaceuticals
TEVA
$41.2B
| $2.15M | 0.01% |
242,647
-66,770
| -22% | -$660K |
|
452
CorVel
CRVL
$3.19B
| $2.13M | 0.01% |
33,510
+1,197
| +4% | +$69.9K |
|
|
NOAH
453
Noah Holdings
NOAH
$603M
| $2.12M | 0.01% |
128,167
-20,876
| -14% | -$387K |
|
454
Fortune Brands Innovations
FBIN
$6.06B
| $2.08M | 0.01% |
+35,473
| New | +$2.17M |
|
455
Addus HomeCare
ADUS
$2.23B
| $2.08M | 0.01% |
19,464
+721
| +4% | +$75.3K |
|
456
Linde
LIN
$226B
| $2.08M | 0.01% |
+5,840
| New | +$1.96M |
|
457
Mercado Libre
MELI
$92.3B
| $2.07M | 0.01% |
1,570
| – | – |
|
458
Palo Alto Networks
PANW
$297B
| $2.07M | 0.01% |
20,700
-2,200
| -10% | -$186K |
|
459
Fair Isaac
FICO
$22.5B
| $2.05M | 0.01% |
+2,917
| New | +$1.94M |
|
460
Privia Health
PRVA
$2.87B
| $2.02M | 0.01% |
73,244
+3,793
| +5% | +$100K |
|
461
Clearway Energy Class C
CWEN
$6.7B
| $1.97M | 0.01% |
62,845
-6,129
| -9% | -$197K |
|
|
MOMO
462
Hello Group
MOMO
$866M
| $1.97M | 0.01% |
216,299
-169,500
| -44% | -$1.62M |
|
463
GE Aerospace
GE
$384B
| $1.95M | 0.01% |
25,505
-46,284
| -64% | -$3.1M |
|
464
California Water Service
CWT
$3.12B
| $1.93M | 0.01% |
33,100
+181
| +0.5% | +$10.7K |
|
|
NXGN
465
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $1.91M | 0.01% |
109,958
-5,648
| -5% | -$102K |
|
466
Pilgrim's Pride
PPC
$6.54B
| $1.88M | 0.01% |
81,187
-1,684
| -2% | -$40.8K |
|
467
Danaher
DHR
$144B
| $1.88M | 0.01% |
8,408
+1,031
| +14% | +$235K |
|
468
Chemours
CC
$2.37B
| $1.87M | 0.01% |
62,348
-56,951
| -48% | -$1.88M |
|
|
PPL
469
PPL Corp
PPL
$26.7B
| $1.85M | 0.01% |
66,543
-84,575
| -56% | -$2.4M |
|
470
Seaboard Corp
SEB
$4.06B
| $1.85M | 0.01% |
490
-25
| -5% | -$96.8K |
|
471
Old Dominion Freight Line
ODFL
$44.9B
| $1.84M | 0.01% |
+10,804
| New | +$1.81M |
|
472
Astrana Health
ASTH
$1.77B
| $1.83M | 0.01% |
50,273
+11,052
| +28% | +$387K |
|
473
Murphy Oil
MUR
$4.78B
| $1.82M | 0.01% |
+49,133
| New | +$1.96M |
|
474
Sally Beauty Holdings
SBH
$1.58B
| $1.81M | 0.01% |
116,273
+103,237
| +792% | +$1.6M |
|
475
National Fuel Gas
NFG
$7.65B
| $1.79M | 0.01% |
31,085
-5,564
| -15% | -$323K |
|
Similar funds
Ray Dalio's Q1 2023 Portfolio in Review
As of Q1 2023, Ray Dalio held 938 positions worth $16.4B, down 11% from $18.3B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Ray Dalio withdrew a net $2.44B in Q1 2023, closing 228 positions and reducing 360 holdings. Its most notable exit was Bank of America, an estimated $106M position sold in full.
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.
Against the trend, Ray Dalio opened a new position in Home Depot worth $43.5M.
- Ray Dalio's largest Q1 2023 buy was Home Depot: 147,495 shares worth $43.5M.
- Ray Dalio added most to iShares Core MSCI Emerging Markets ETF in Q1 2023, an estimated $162M increase.
- Ray Dalio's biggest Q1 2023 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $218M.
- Ray Dalio fully exited Bank of America in Q1 2023, selling an estimated $106M.
- Ray Dalio's ten largest holdings make up 35% of its $16.4B portfolio in Q1 2023.
- Ray Dalio opened 118 new positions and closed 228 in Q1 2023.
- Ray Dalio's portfolio value fell 11% quarter-over-quarter to $16.4B.
Based on Bridgewater Associates's 13F filing for Q1 2023, filed 12 May 2023.