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 |
Visa
V
|
+$148M |
| 2 |
Mondelez International
MDLZ
|
+$144M |
| 3 |
Johnson & Johnson
JNJ
|
+$64.3M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$53.4M |
| 5 |
Microsoft
MSFT
|
+$51.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Medtronic
MDT
|
+$225M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$151M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$91.6M |
| 4 |
Walmart Inc
WMT
|
+$87.7M |
| 5 |
JPMorgan Chase
JPM
|
+$79.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 29.71% |
| 2 | Healthcare | 20.65% |
| 3 | Consumer Discretionary | 10.85% |
| 4 | Financials | 7.63% |
| 5 | Technology | 4.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Coursera
COUR
$1.54B
| $3.04M | 0.02% |
281,577
-3,338
| -1% | -$44.2K |
|
477
Regions Financial
RF
$26.8B
| $3.02M | 0.02% |
150,537
+75,834
| +102% | +$1.6M |
|
478
Gray Television
GTN
$552M
| $3M | 0.02% |
209,282
+10,822
| +5% | +$198K |
|
479
Agilent Technologies
A
$41.2B
| $2.99M | 0.02% |
24,578
-8,914
| -27% | -$1.14M |
|
|
DADA
480
DELISTED
Dada Nexus
DADA
| $2.98M | 0.02% |
629,140
-110,058
| -15% | -$727K |
|
481
HUTCHMED
HCM
$2.17B
| $2.95M | 0.01% |
332,969
+17,007
| +5% | +$214K |
|
482
Enovis
ENOV
$1.53B
| $2.92M | 0.01% |
63,483
-4,853
| -7% | -$263K |
|
483
Keurig Dr Pepper
KDP
$40.8B
| $2.92M | 0.01% |
81,606
-124,105
| -60% | -$4.69M |
|
484
United Parks & Resorts
PRKS
$2.12B
| $2.9M | 0.01% |
+63,748
| New | +$3.17M |
|
485
Ross Stores
ROST
$81.9B
| $2.88M | 0.01% |
34,142
-154,788
| -82% | -$13.1M |
|
486
Cognex
CGNX
$11.3B
| $2.87M | 0.01% |
69,130
+31,769
| +85% | +$1.44M |
|
487
Tractor Supply
TSCO
$18B
| $2.85M | 0.01% |
+76,715
| New | +$2.99M |
|
|
OLPX
488
DELISTED
Olaplex Holdings
OLPX
| $2.83M | 0.01% |
296,819
+52,719
| +22% | +$756K |
|
489
FirstEnergy
FE
$27.5B
| $2.83M | 0.01% |
76,440
-23,381
| -23% | -$924K |
|
490
AtriCure
ATRC
$2.11B
| $2.81M | 0.01% |
71,862
+93
| +0.1% | +$4.25K |
|
491
W.R. Berkley
WRB
$26.6B
| $2.79M | 0.01% |
64,838
-12,771
| -16% | -$554K |
|
492
Citizens Financial Group
CFG
$30.6B
| $2.78M | 0.01% |
80,943
+46,608
| +136% | +$1.72M |
|
493
Avantor
AVTR
$9.19B
| $2.74M | 0.01% |
140,025
+91,806
| +190% | +$2.46M |
|
|
NXGN
494
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $2.74M | 0.01% |
154,630
-1,712
| -1% | -$29.7K |
|
495
Iron Mountain
IRM
$36.1B
| $2.7M | 0.01% |
61,460
+4,276
| +7% | +$216K |
|
496
Pilgrim's Pride
PPC
$6.54B
| $2.69M | 0.01% |
116,684
-7,436
| -6% | -$215K |
|
497
Franklin Resources
BEN
$17.2B
| $2.67M | 0.01% |
123,871
-24,981
| -17% | -$642K |
|
498
MGIC Investment
MTG
$6.25B
| $2.66M | 0.01% |
+207,250
| New | +$2.9M |
|
499
Privia Health
PRVA
$2.87B
| $2.65M | 0.01% |
77,955
+2,679
| +4% | +$99.1K |
|
500
Cloudflare
NET
$107B
| $2.65M | 0.01% |
47,979
+41,038
| +591% | +$2.44M |
|
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Ray Dalio's Q3 2022 Portfolio in Review
As of Q3 2022, Ray Dalio held 1,045 positions worth $19.8B, down 16% from $23.6B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ray Dalio withdrew a net $2.53B in Q3 2022, closing 179 positions and reducing 498 holdings. Its most notable exit was Medtronic, an estimated $225M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 30% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Ray Dalio opened a new position in Accenture worth $29.3M.
- Ray Dalio's largest Q3 2022 buy was Accenture: 113,811 shares worth $29.3M.
- Ray Dalio added most to Visa in Q3 2022, an estimated $148M increase.
- Ray Dalio's biggest Q3 2022 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $151M.
- Ray Dalio fully exited Medtronic in Q3 2022, selling an estimated $225M.
- Ray Dalio's ten largest holdings make up 32% of its $19.8B portfolio in Q3 2022.
- Ray Dalio opened 60 new positions and closed 179 in Q3 2022.
- Ray Dalio's portfolio value fell 16% quarter-over-quarter to $19.8B.
Based on Bridgewater Associates's 13F filing for Q3 2022, filed 10 Nov 2022.