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
|
+$434M |
| 2 |
SPDR Gold Trust
GLD
|
+$227M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$164M |
| 4 |
Alibaba
BABA
|
+$140M |
| 5 |
iShares MSCI China ETF
MCHI
|
+$117M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$279M |
| 2 |
iShares MSCI Brazil ETF
EWZ
|
+$202M |
| 3 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$115M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$106M |
| 5 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$97.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 9.21% |
| 2 | Communication Services | 2.72% |
| 3 | Industrials | 2.16% |
| 4 | Technology | 1.45% |
| 5 | Consumer Staples | 1.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Lowe's Companies
LOW
$125B
| $13.9M | 0.23% |
102,645
-501
| -0.5% | -$57.2K |
|
|
27
iShares MSCI Brazil ETF
EWZ
$8.95B
| $13.2M | 0.22% |
457,822
-7,718,720
| -94% | -$202M |
|
28
Vipshop
VIPS
$7.53B
| $13.1M | 0.22% |
659,769
+474,676
| +256% | +$8.15M |
|
29
GDS Holdings
GDS
$6.41B
| $13.1M | 0.22% |
164,031
+124,171
| +312% | +$7.68M |
|
30
Sherwin-Williams
SHW
$89.8B
| $12.5M | 0.21% |
64,782
-1,845
| -3% | -$333K |
|
31
Huazhu Hotels Group
HTHT
$13B
| $11.7M | 0.2% |
332,760
+178,450
| +116% | +$5.93M |
|
32
Autohome
ATHM
$2.62B
| $11M | 0.18% |
145,498
+104,624
| +256% | +$8.19M |
|
33
Tesla
TSLA
$1.3T
| $9.77M | 0.16% |
135,675
-108,840
| -45% | -$5.89M |
|
34
lululemon athletica
LULU
$14.6B
| $9.37M | 0.16% |
30,027
-2,063
| -6% | -$528K |
|
35
Tencent Music
TME
$15.6B
| $9.32M | 0.16% |
692,262
+620,000
| +858% | +$7.34M |
|
36
Home Depot
HD
$355B
| $8.82M | 0.15% |
35,203
-17,048
| -33% | -$3.9M |
|
37
Workday
WDAY
$44.4B
| $8.49M | 0.14% |
45,327
+39,660
| +700% | +$6.41M |
|
38
iQIYI
IQ
$1.28B
| $8.08M | 0.14% |
348,587
+295,052
| +551% | +$5.47M |
|
|
WUBA
39
DELISTED
58.com Inc
WUBA
| $6.82M | 0.11% |
126,344
+112,294
| +799% | +$5.79M |
|
40
NIO
NIO
$11.9B
| $6.61M | 0.11% |
856,026
+780,183
| +1,029% | +$3.43M |
|
41
Snap
SNAP
$9.01B
| $6.52M | 0.11% |
277,668
+242,781
| +696% | +$4.32M |
|
|
JOYY
42
JOYY Inc
JOYY
$3.75B
| $6.5M | 0.11% |
73,457
+58,230
| +382% | +$3.88M |
|
43
United Parcel Service
UPS
$88.9B
| $6.21M | 0.1% |
+55,861
| New | +$5.58M |
|
|
SPLK
44
DELISTED
Splunk Inc
SPLK
| $6.09M | 0.1% |
30,637
+26,795
| +697% | +$4.24M |
|
45
iShares MSCI India ETF
INDA
$6.63B
| $6.05M | 0.1% |
208,622
-3,594,316
| -95% | -$96.3M |
|
46
Norfolk Southern
NSC
$75.1B
| $5.82M | 0.1% |
33,133
+30,985
| +1,443% | +$5.25M |
|
47
PPG Industries
PPG
$26.6B
| $5.77M | 0.1% |
54,416
-3,467
| -6% | -$334K |
|
48
Johnson Controls International
JCI
$92.2B
| $5.74M | 0.1% |
168,249
+5,822
| +4% | +$179K |
|
49
VF Corp
VFC
$5.89B
| $5.46M | 0.09% |
89,647
+2,633
| +3% | +$153K |
|
50
Zai Lab
ZLAB
$2.62B
| $5.24M | 0.09% |
+63,837
| New | +$4.32M |
|
Similar funds
Ray Dalio's Q2 2020 Portfolio in Review
As of Q2 2020, Ray Dalio held 536 positions worth $5.96B, up 18% from $5.04B the previous quarter. Its ten largest holdings account for 76% of the portfolio.
Ray Dalio's Q2 2020 filing shows 137 new, 68 increased, 177 reduced and 153 closed positions. Its largest new stake was United Parcel Service: 55,861 shares worth $6.21M. The largest sale was iShares 20+ Year Treasury Bond ETF, an estimated $279M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 9.2% of assets, up from 4% a quarter earlier, followed by Communication Services and Industrials.
- Ray Dalio's largest Q2 2020 buy was United Parcel Service: 55,861 shares worth $6.21M.
- Ray Dalio added most to State Street SPDR S&P 500 ETF Trust in Q2 2020, an estimated $434M increase.
- Ray Dalio's biggest Q2 2020 reduction was iShares MSCI Brazil ETF, cutting an estimated $202M.
- Ray Dalio fully exited iShares 20+ Year Treasury Bond ETF in Q2 2020, selling an estimated $279M.
- Ray Dalio's ten largest holdings make up 76% of its $5.96B portfolio in Q2 2020.
- Ray Dalio opened 137 new positions and closed 153 in Q2 2020.
- Ray Dalio's portfolio value rose 18% quarter-over-quarter to $5.96B.
Based on Bridgewater Associates's 13F filing for Q2 2020, filed 12 Aug 2020.