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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.36B |
| 2 |
AT&T
T
|
+$117M |
| 3 |
PayPal
PYPL
|
+$95.6M |
| 4 |
eBay
EBAY
|
+$95.2M |
| 5 |
Adobe
ADBE
|
+$94.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$198M |
| 2 |
Walmart Inc
WMT
|
+$179M |
| 3 |
NVIDIA
NVDA
|
+$173M |
| 4 |
Johnson & Johnson
JNJ
|
+$144M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.76% |
| 2 | Healthcare | 9.26% |
| 3 | Consumer Discretionary | 9.01% |
| 4 | Financials | 8.43% |
| 5 | Communication Services | 8.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
BellRing Brands
BRBR
$1.34B
| $1.75M | 0.01% |
23,207
-12,055
| -34% | -$857K |
|
452
F5
FFIV
$22.7B
| $1.74M | 0.01% |
6,921
-62,627
| -90% | -$15M |
|
453
Warrior Met Coal
HCC
$4.86B
| $1.74M | 0.01% |
32,004
-97,737
| -75% | -$6.24M |
|
454
NetApp
NTAP
$37.2B
| $1.72M | 0.01% |
14,788
+1,689
| +13% | +$206K |
|
455
ManpowerGroup
MAN
$2.63B
| $1.72M | 0.01% |
29,714
+100
| +0.3% | +$6.37K |
|
456
Korn Ferry
KFY
$4.28B
| $1.67M | 0.01% |
24,777
+1,128
| +5% | +$82.1K |
|
457
Hormel Foods
HRL
$13.8B
| $1.64M | 0.01% |
52,414
-22,888
| -30% | -$717K |
|
458
Autohome
ATHM
$2.62B
| $1.64M | 0.01% |
63,319
-2,109
| -3% | -$60.8K |
|
459
Louisiana-Pacific
LPX
$5.49B
| $1.64M | 0.01% |
15,805
-24,115
| -60% | -$2.62M |
|
460
Brink's
BCO
$4.62B
| $1.62M | 0.01% |
17,507
-19,476
| -53% | -$1.95M |
|
461
Baxter International
BAX
$14.2B
| $1.61M | 0.01% |
55,107
-94,211
| -63% | -$3.17M |
|
462
Weyerhaeuser
WY
$18.4B
| $1.6M | 0.01% |
+56,997
| New | +$1.78M |
|
463
Align Technology
ALGN
$12.3B
| $1.58M | 0.01% |
7,566
-27,844
| -79% | -$6.22M |
|
464
Invesco
IVZ
$13.9B
| $1.55M | 0.01% |
+88,703
| New | +$1.58M |
|
465
Albertsons Companies
ACI
$5.83B
| $1.53M | 0.01% |
77,941
-187,873
| -71% | -$3.56M |
|
466
Peabody Energy
BTU
$2.9B
| $1.53M | 0.01% |
72,951
+53,521
| +275% | +$1.32M |
|
467
Alnylam Pharmaceuticals
ALNY
$29.3B
| $1.52M | 0.01% |
6,452
+4,450
| +222% | +$1.17M |
|
468
BHP
BHP
$230B
| $1.52M | 0.01% |
31,030
-16,950
| -35% | -$921K |
|
469
Coca-Cola Europacific Partners
CCEP
$47.9B
| $1.47M | 0.01% |
+19,183
| New | +$1.48M |
|
470
Campbell Soup
CPB
$6.87B
| $1.46M | 0.01% |
34,886
-18,364
| -34% | -$830K |
|
471
Stride
LRN
$3.43B
| $1.45M | 0.01% |
13,954
-40,740
| -74% | -$3.88M |
|
472
OGE Energy
OGE
$9.71B
| $1.44M | 0.01% |
+34,961
| New | +$1.46M |
|
|
PCH
473
DELISTED
PotlatchDeltic
PCH
| $1.44M | 0.01% |
+36,639
| New | +$1.55M |
|
474
Herc Holdings
HRI
$5.61B
| $1.43M | 0.01% |
7,556
-16,366
| -68% | -$3.3M |
|
475
Dick's Sporting Goods
DKS
$18.7B
| $1.43M | 0.01% |
6,251
+249
| +4% | +$52.2K |
|
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Ray Dalio's Q4 2024 Portfolio in Review
As of Q4 2024, Ray Dalio held 855 positions worth $21.8B, up 24% from $17.7B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Ray Dalio deployed $4.28B of net new capital in Q4 2024, opening 82 new positions and adding to 262 existing holdings. Its largest new stake was ServiceNow: 281,970 shares worth $59.8M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Procter & Gamble, an estimated $198M trimmed.
- Ray Dalio's largest Q4 2024 buy was ServiceNow: 281,970 shares worth $59.8M.
- Ray Dalio added most to State Street SPDR S&P 500 ETF Trust in Q4 2024, an estimated $4.36B increase.
- Ray Dalio's biggest Q4 2024 reduction was Procter & Gamble, cutting an estimated $198M.
- Ray Dalio fully exited Micron Technology in Q4 2024, selling an estimated $102M.
- Ray Dalio's ten largest holdings make up 43% of its $21.8B portfolio in Q4 2024.
- Ray Dalio opened 82 new positions and closed 164 in Q4 2024.
- Ray Dalio's portfolio value rose 24% quarter-over-quarter to $21.8B.
Based on Bridgewater Associates's 13F filing for Q4 2024, filed 13 Feb 2025.