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
|
+$217M |
| 2 |
Apple
AAPL
|
+$57.2M |
| 3 |
Coca-Cola
KO
|
+$24.2M |
| 4 |
POT
Potash Corp Of Saskatchewan
POT
|
+$21.7M |
| 5 |
Johnson & Johnson
JNJ
|
+$20.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$171M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$71.3M |
| 3 |
Gilead Sciences
GILD
|
+$52M |
| 4 |
Microsoft
MSFT
|
+$21.8M |
| 5 |
X
US Steel
X
|
+$15.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.03% |
| 2 | Materials | 2.19% |
| 3 | Energy | 1.97% |
| 4 | Healthcare | 1.2% |
| 5 | Industrials | 0.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
ExxonMobil
XOM
$634B
| $14.4M | 0.11% |
168,868
+24,768
| +17% | +$2.2M |
|
27
Lam Research
LRCX
$390B
| $14M | 0.11% |
1,996,040
+1,399,840
| +235% | +$11.1M |
|
28
Cisco
CSCO
$479B
| $13.9M | 0.11% |
+503,980
| New | +$14.2M |
|
29
BP
BP
$107B
| $13.8M | 0.11% |
426,165
+7,714
| +2% | +$253K |
|
30
Chevron
CVX
$366B
| $13.8M | 0.11% |
131,500
+9,300
| +8% | +$992K |
|
31
BHP
BHP
$230B
| $13.7M | 0.11% |
349,133
+27,556
| +9% | +$1.12M |
|
32
Occidental Petroleum
OXY
$55.9B
| $13.7M | 0.11% |
187,719
+19,333
| +11% | +$1.49M |
|
|
CERN
33
DELISTED
Cerner Corp
CERN
| $13.7M | 0.11% |
186,470
+135,500
| +266% | +$9.38M |
|
34
ConocoPhillips
COP
$141B
| $13.6M | 0.11% |
217,800
+17,400
| +9% | +$1.13M |
|
35
EOG Resources
EOG
$70.7B
| $13.5M | 0.11% |
147,600
+13,600
| +10% | +$1.23M |
|
36
UnitedHealth
UNH
$370B
| $13.5M | 0.11% |
114,192
+13,692
| +14% | +$1.52M |
|
37
Medtronic
MDT
$112B
| $13.5M | 0.11% |
172,832
+136,200
| +372% | +$10.3M |
|
38
Newmont
NEM
$119B
| $13.5M | 0.1% |
620,187
+90,713
| +17% | +$2.12M |
|
|
EMC
39
DELISTED
EMC CORPORATION
EMC
| $13.3M | 0.1% |
518,397
+268,400
| +107% | +$7.39M |
|
40
O'Reilly Automotive
ORLY
$76.3B
| $13.2M | 0.1% |
912,585
+567,000
| +164% | +$7.62M |
|
41
Rio Tinto
RIO
$164B
| $13.1M | 0.1% |
317,400
+17,900
| +6% | +$809K |
|
42
NVIDIA
NVDA
$5.42T
| $13M | 0.1% |
24,889,720
+11,148,000
| +81% | +$5.93M |
|
43
Western Union
WU
$2.21B
| $12.9M | 0.1% |
618,789
-99,300
| -14% | -$1.85M |
|
44
PepsiCo
PEP
$190B
| $12.5M | 0.1% |
130,509
+111,148
| +574% | +$10.8M |
|
|
NE
45
DELISTED
Noble Corporation
NE
| $12.5M | 0.1% |
871,902
+498,778
| +134% | +$8.09M |
|
46
Southwest Airlines
LUV
$23B
| $12.3M | 0.1% |
277,631
+2,700
| +1% | +$118K |
|
47
Labcorp
LH
$25.9B
| $12.2M | 0.09% |
112,368
+30,846
| +38% | +$3.17M |
|
48
Sherwin-Williams
SHW
$89.8B
| $12.1M | 0.09% |
128,103
+36,600
| +40% | +$3.41M |
|
49
McKesson
MCK
$101B
| $12.1M | 0.09% |
53,313
+31,000
| +139% | +$6.88M |
|
50
Target
TGT
$68B
| $12M | 0.09% |
+146,600
| New | +$11.3M |
|
Similar funds
Ray Dalio's Q1 2015 Portfolio in Review
As of Q1 2015, Ray Dalio held 425 positions worth $12.8B, up 2.4% from $12.5B the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Ray Dalio's Q1 2015 filing shows 90 new, 147 increased, 87 reduced and 97 closed positions. Its largest new stake was Coca-Cola: 577,774 shares worth $23.4M. The largest sale was Vanguard FTSE Emerging Markets ETF, an estimated $171M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.4% a quarter earlier, followed by Materials and Energy.
- Ray Dalio's largest Q1 2015 buy was Coca-Cola: 577,774 shares worth $23.4M.
- Ray Dalio added most to State Street SPDR S&P 500 ETF Trust in Q1 2015, an estimated $217M increase.
- Ray Dalio's biggest Q1 2015 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $171M.
- Ray Dalio fully exited US Steel in Q1 2015, selling an estimated $15.2M.
- Ray Dalio's ten largest holdings make up 88% of its $12.8B portfolio in Q1 2015.
- Ray Dalio opened 90 new positions and closed 97 in Q1 2015.
- Ray Dalio's portfolio value rose 2.4% quarter-over-quarter to $12.8B.
Based on Bridgewater Associates's 13F filing for Q1 2015, filed 14 May 2015.