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 |
Amazon
AMZN
|
+$293M |
| 2 |
Microsoft
MSFT
|
+$216M |
| 3 |
ExxonMobil
XOM
|
+$92M |
| 4 |
Cameco
CCJ
|
+$87.2M |
| 5 |
Advanced Micro Devices
AMD
|
+$67.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$256M |
| 2 |
Eli Lilly
LLY
|
+$148M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$140M |
| 4 |
Comcast
CMCSA
|
+$88.8M |
| 5 |
Procter & Gamble
PG
|
+$83.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 18.04% |
| 2 | Healthcare | 14.75% |
| 3 | Technology | 14.42% |
| 4 | Consumer Discretionary | 12.13% |
| 5 | Communication Services | 8.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Jack Henry & Associates
JKHY
$11.1B
| $3.05M | 0.02% |
+18,354
| New | +$3.05M |
|
452
LPL Financial
LPLA
$28.6B
| $3.03M | 0.02% |
10,850
+2,728
| +34% | +$740K |
|
453
Helen of Troy
HELE
$693M
| $3.03M | 0.02% |
32,652
-5,621
| -15% | -$569K |
|
|
INFA
454
DELISTED
Informatica
INFA
| $3.02M | 0.02% |
+97,950
| New | +$3.08M |
|
455
Ero Copper
ERO
$3.58B
| $3.02M | 0.02% |
141,422
-263,735
| -65% | -$5.53M |
|
456
Carter's
CRI
$1.47B
| $3M | 0.02% |
48,338
-11,546
| -19% | -$802K |
|
457
LKQ Corp
LKQ
$6.29B
| $2.98M | 0.02% |
71,643
+29,441
| +70% | +$1.32M |
|
458
Hormel Foods
HRL
$13.8B
| $2.97M | 0.02% |
97,246
-32,402
| -25% | -$1.09M |
|
459
Asbury Automotive
ABG
$3.85B
| $2.96M | 0.02% |
12,992
-5,815
| -31% | -$1.32M |
|
460
Warner Music
WMG
$13.8B
| $2.95M | 0.02% |
96,356
-732,046
| -88% | -$23.5M |
|
461
AXIS Capital
AXS
$7.55B
| $2.94M | 0.02% |
+41,546
| New | +$2.82M |
|
462
Evolent Health
EVH
$447M
| $2.92M | 0.02% |
152,885
-22,854
| -13% | -$584K |
|
|
MZTI
463
The Marzetti Company
MZTI
$3.11B
| $2.91M | 0.02% |
15,425
-14,860
| -49% | -$2.84M |
|
464
Insulet
PODD
$9.79B
| $2.91M | 0.02% |
14,412
-2,246
| -13% | -$405K |
|
465
BioMarin Pharmaceuticals
BMRN
$12.4B
| $2.88M | 0.02% |
34,984
+31,618
| +939% | +$2.63M |
|
|
AXNX
466
DELISTED
Axonics, Inc. Common Stock
AXNX
| $2.87M | 0.02% |
42,619
-3,880
| -8% | -$261K |
|
467
Commault Systems
CVLT
$5.61B
| $2.86M | 0.02% |
+23,556
| New | +$2.53M |
|
468
CorVel
CRVL
$3.19B
| $2.86M | 0.01% |
33,702
+8,613
| +34% | +$711K |
|
469
Euronet Worldwide
EEFT
$2.7B
| $2.84M | 0.01% |
27,431
-8,304
| -23% | -$908K |
|
470
Matsons
MATX
$6.18B
| $2.84M | 0.01% |
21,668
+5,644
| +35% | +$656K |
|
471
Expro Ltd
XPRO
$1.91B
| $2.84M | 0.01% |
+123,789
| New | +$2.56M |
|
472
Yelp
YELP
$1.41B
| $2.84M | 0.01% |
+76,783
| New | +$2.94M |
|
473
Matador Resources
MTDR
$6.09B
| $2.83M | 0.01% |
+47,461
| New | +$2.98M |
|
|
PINC
474
DELISTED
Premier
PINC
| $2.81M | 0.01% |
150,477
+40,257
| +37% | +$798K |
|
475
RELX
RELX
$62B
| $2.78M | 0.01% |
60,630
-43,630
| -42% | -$1.89M |
|
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Ray Dalio's Q2 2024 Portfolio in Review
As of Q2 2024, Ray Dalio held 959 positions worth $19.2B, down 3.1% from $19.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Ray Dalio withdrew a net $757M in Q2 2024, closing 82 positions and reducing 390 holdings. Its most notable exit was Marathon Oil Corporation, an estimated $28.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 18% of assets, down from 19% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Ray Dalio opened a new position in Constellation Energy worth $38.9M.
- Ray Dalio's largest Q2 2024 buy was Constellation Energy: 194,333 shares worth $38.9M.
- Ray Dalio added most to Amazon in Q2 2024, an estimated $293M increase.
- Ray Dalio's biggest Q2 2024 reduction was Apple, cutting an estimated $256M.
- Ray Dalio fully exited Marathon Oil Corporation in Q2 2024, selling an estimated $28.8M.
- Ray Dalio's ten largest holdings make up 35% of its $19.2B portfolio in Q2 2024.
- Ray Dalio opened 282 new positions and closed 82 in Q2 2024.
- Ray Dalio's portfolio value fell 3.1% quarter-over-quarter to $19.2B.
Based on Bridgewater Associates's 13F filing for Q2 2024, filed 14 Aug 2024.