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 |
Walmart Inc
WMT
|
+$245M |
| 2 |
Procter & Gamble
PG
|
+$205M |
| 3 |
Coca-Cola
KO
|
+$129M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$128M |
| 5 |
Johnson & Johnson
JNJ
|
+$119M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPDR Gold Trust
GLD
|
+$436M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$100M |
| 3 |
NetEase
NTES
|
+$26.7M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$25.5M |
| 5 |
Tesla
TSLA
|
+$15.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 23.66% |
| 2 | Consumer Discretionary | 13.07% |
| 3 | Healthcare | 9.52% |
| 4 | Technology | 3.33% |
| 5 | Financials | 3.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Enovis
ENOV
$1.53B
| $441K | ﹤0.01% |
6,696
+1,322
| +25% | +$77.3K |
|
477
Agnico Eagle Mines
AEM
$90.5B
| $436K | ﹤0.01% |
+6,199
| New | +$463K |
|
|
SCS
478
DELISTED
Steelcase
SCS
| $428K | ﹤0.01% |
31,572
-15,789
| -33% | -$193K |
|
|
VRN
479
DELISTED
Veren
VRN
| $427K | ﹤0.01% |
183,339
+33,828
| +23% | +$57.9K |
|
480
CAE Inc. Common Shares
CAE
$8.74B
| $424K | ﹤0.01% |
+15,320
| New | +$329K |
|
481
LKQ Corp
LKQ
$6.29B
| $405K | ﹤0.01% |
11,483
-69,263
| -86% | -$2.37M |
|
482
TransAlta
TAC
$3.93B
| $405K | ﹤0.01% |
+53,359
| New | +$356K |
|
483
Associated Banc-Corp
ASB
$5.91B
| $402K | ﹤0.01% |
+23,598
| New | +$358K |
|
|
STAY
484
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $395K | ﹤0.01% |
+26,668
| New | +$346K |
|
485
Jazz Pharmaceuticals
JAZZ
$16.7B
| $372K | ﹤0.01% |
+2,255
| New | +$336K |
|
486
JB Hunt Transport Services
JBHT
$25.2B
| $368K | ﹤0.01% |
2,692
-24,737
| -90% | -$3.28M |
|
487
Travel + Leisure Co
TNL
$4.7B
| $355K | ﹤0.01% |
+7,920
| New | +$311K |
|
488
Deluxe
DLX
$1.15B
| $353K | ﹤0.01% |
12,081
-5,179
| -30% | -$134K |
|
|
COHR
489
DELISTED
Coherent Inc
COHR
| $352K | ﹤0.01% |
2,348
+128
| +6% | +$16.4K |
|
490
Equinox Gold
EQX
$13.5B
| $350K | ﹤0.01% |
+33,898
| New | +$370K |
|
491
Take-Two Interactive
TTWO
$46.1B
| $350K | ﹤0.01% |
+1,683
| New | +$294K |
|
492
Cameco
CCJ
$42.4B
| $349K | ﹤0.01% |
+26,107
| New | +$279K |
|
493
IAMGOLD
IAG
$10.6B
| $344K | ﹤0.01% |
+93,742
| New | +$344K |
|
494
Graham Holdings Company
GHC
$5.02B
| $341K | ﹤0.01% |
640
-1,108
| -63% | -$491K |
|
495
iShares MSCI Mexico ETF
EWW
$1.99B
| $335K | ﹤0.01% |
7,798
-1,781
| -19% | -$69.1K |
|
496
EOG Resources
EOG
$70.7B
| $319K | ﹤0.01% |
+6,405
| New | +$278K |
|
497
TFS Financial
TFSL
$4.93B
| $315K | ﹤0.01% |
+17,841
| New | +$297K |
|
498
Rogers Communications
RCI
$18.6B
| $310K | ﹤0.01% |
+6,659
| New | +$295K |
|
499
RB Global
RBA
$17.5B
| $308K | ﹤0.01% |
+4,435
| New | +$294K |
|
500
Franco-Nevada
FNV
$46B
| $302K | ﹤0.01% |
+2,411
| New | +$325K |
|
Similar funds
Ray Dalio's Q4 2020 Portfolio in Review
As of Q4 2020, Ray Dalio held 599 positions worth $11.6B, up 39% from $8.31B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Ray Dalio deployed $2.24B of net new capital in Q4 2020, opening 169 new positions and adding to 233 existing holdings. Its largest new stake was JPMorgan Chase: 412,755 shares worth $52.4M.
By sector, the portfolio is most concentrated in Consumer Staples at 24% of assets, up from 15% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was SPDR Gold Trust, an estimated $436M trimmed.
- Ray Dalio's largest Q4 2020 buy was JPMorgan Chase: 412,755 shares worth $52.4M.
- Ray Dalio added most to Walmart Inc in Q4 2020, an estimated $245M increase.
- Ray Dalio's biggest Q4 2020 reduction was SPDR Gold Trust, cutting an estimated $436M.
- Ray Dalio fully exited Tesla in Q4 2020, selling an estimated $15.3M.
- Ray Dalio's ten largest holdings make up 43% of its $11.6B portfolio in Q4 2020.
- Ray Dalio opened 169 new positions and closed 74 in Q4 2020.
- Ray Dalio's portfolio value rose 39% quarter-over-quarter to $11.6B.
Based on Bridgewater Associates's 13F filing for Q4 2020, filed 12 Feb 2021.