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
|
+$228M |
| 2 |
Procter & Gamble
PG
|
+$208M |
| 3 |
Johnson & Johnson
JNJ
|
+$184M |
| 4 |
Coca-Cola
KO
|
+$140M |
| 5 |
PepsiCo
PEP
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$485M |
| 2 |
Mondelez International
MDLZ
|
+$107M |
| 3 |
General Mills
GIS
|
+$40.7M |
| 4 |
Archer Daniels Midland
ADM
|
+$40.5M |
| 5 |
WBA
Walgreens Boots Alliance
WBA
|
+$40.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 28.39% |
| 2 | Healthcare | 17.39% |
| 3 | Consumer Discretionary | 15% |
| 4 | Financials | 5.26% |
| 5 | Technology | 4.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Smith & Nephew
SNN
$12.6B
| $2.09M | 0.01% |
+48,087
| New | +$2.02M |
|
477
Lincoln Electric
LECO
$15.4B
| $2.06M | 0.01% |
+15,678
| New | +$2.01M |
|
|
CVGW
478
DELISTED
Calavo Growers
CVGW
| $2.06M | 0.01% |
+32,498
| New | +$2.39M |
|
479
BOK Financial
BOKF
$8.74B
| $2.06M | 0.01% |
23,780
+3,236
| +16% | +$289K |
|
480
Rogers Communications
RCI
$18.6B
| $2.05M | 0.01% |
38,536
+22,092
| +134% | +$1.11M |
|
481
Simulations Plus
SLP
$371M
| $2.04M | 0.01% |
+37,140
| New | +$2.13M |
|
482
Ingles Markets
IMKTA
$1.67B
| $2.04M | 0.01% |
+34,938
| New | +$2.17M |
|
483
Domino's
DPZ
$11.6B
| $2.03M | 0.01% |
4,352
-17,565
| -80% | -$7.45M |
|
484
iRhythm Holdings
IRTC
$4.2B
| $2M | 0.01% |
+30,214
| New | +$2.39M |
|
|
SNV
485
DELISTED
Synovus
SNV
| $2M | 0.01% |
45,497
+1,099
| +2% | +$51.6K |
|
|
NXGN
486
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $2M | 0.01% |
+120,242
| New | +$2.15M |
|
487
Affiliated Managers Group
AMG
$9.76B
| $1.99M | 0.01% |
12,915
-1,220
| -9% | -$195K |
|
488
Intel
INTC
$513B
| $1.99M | 0.01% |
+35,490
| New | +$2.08M |
|
489
Centene
CNC
$32.5B
| $1.99M | 0.01% |
+27,252
| New | +$1.87M |
|
490
Kinross Gold
KGC
$32.8B
| $1.98M | 0.01% |
311,232
-107,266
| -26% | -$797K |
|
491
Popular Inc
BPOP
$11.1B
| $1.98M | 0.01% |
26,317
+848
| +3% | +$64.9K |
|
492
Huntsman Corp
HUN
$1.77B
| $1.95M | 0.01% |
+73,676
| New | +$2.09M |
|
493
Vroom Inc
VRM
$48.2M
| $1.94M | 0.01% |
579
-17
| -3% | -$57.8K |
|
494
BioMarin Pharmaceuticals
BMRN
$12.4B
| $1.93M | 0.01% |
23,181
+9,743
| +73% | +$772K |
|
495
TFS Financial
TFSL
$4.93B
| $1.93M | 0.01% |
95,278
-11,691
| -11% | -$243K |
|
496
Lantheus
LNTH
$6.59B
| $1.93M | 0.01% |
+69,951
| New | +$1.61M |
|
497
Cigna
CI
$74.6B
| $1.92M | 0.01% |
+8,107
| New | +$2.02M |
|
498
Castle Biosciences
CSTL
$979M
| $1.91M | 0.01% |
+25,978
| New | +$1.72M |
|
499
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
| $1.89M | 0.01% |
+21,460
| New | +$1.87M |
|
500
BioLife Solutions
BLFS
$1.7B
| $1.87M | 0.01% |
+42,020
| New | +$1.48M |
|
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Ray Dalio's Q2 2021 Portfolio in Review
As of Q2 2021, Ray Dalio held 784 positions worth $15.6B, up 37% from $11.3B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Ray Dalio deployed $3.72B of net new capital in Q2 2021, opening 329 new positions and adding to 255 existing holdings. Its largest new stake was Linde: 103,503 shares worth $29.9M.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, up from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $485M trimmed.
- Ray Dalio's largest Q2 2021 buy was Linde: 103,503 shares worth $29.9M.
- Ray Dalio added most to Walmart Inc in Q2 2021, an estimated $228M increase.
- Ray Dalio's biggest Q2 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $485M.
- Ray Dalio fully exited Mondelez International in Q2 2021, selling an estimated $107M.
- Ray Dalio's ten largest holdings make up 33% of its $15.6B portfolio in Q2 2021.
- Ray Dalio opened 329 new positions and closed 80 in Q2 2021.
- Ray Dalio's portfolio value rose 37% quarter-over-quarter to $15.6B.
Based on Bridgewater Associates's 13F filing for Q2 2021, filed 13 Aug 2021.