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 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$61.9M |
| 2 |
Coca-Cola
KO
|
+$46.9M |
| 3 |
Broadcom
AVGO
|
+$46.8M |
| 4 |
SLB Ltd
SLB
|
+$40.3M |
| 5 |
Netflix
NFLX
|
+$40.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$76.6M |
| 2 |
Johnson & Johnson
JNJ
|
+$75.4M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$49.3M |
| 4 |
Tradeweb Markets
TW
|
+$48M |
| 5 |
Visa
V
|
+$40.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 26.52% |
| 2 | Healthcare | 20.27% |
| 3 | Consumer Discretionary | 12.77% |
| 4 | Technology | 5.33% |
| 5 | Financials | 4.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
STAAR Surgical
STAA
$1.21B
| $2.33M | 0.01% |
57,992
+41,949
| +261% | +$1.96M |
|
477
SBA Communications
SBAC
$19.5B
| $2.33M | 0.01% |
+11,628
| New | +$2.59M |
|
478
Carter's
CRI
$1.47B
| $2.31M | 0.01% |
33,406
+21,175
| +173% | +$1.51M |
|
|
NXGN
479
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $2.31M | 0.01% |
97,308
-6,626
| -6% | -$125K |
|
480
Weibo
WB
$1.95B
| $2.31M | 0.01% |
183,907
-1,593
| -0.9% | -$21.2K |
|
|
JNPR
481
DELISTED
Juniper Networks
JNPR
| $2.3M | 0.01% |
82,916
-14,762
| -15% | -$425K |
|
|
SF
482
Stifel
SF
$12.6B
| $2.3M | 0.01% |
+56,067
| New | +$2.36M |
|
483
National Beverage
FIZZ
$3.01B
| $2.28M | 0.01% |
48,595
+2,601
| +6% | +$131K |
|
484
Perdoceo Education
PRDO
$2.12B
| $2.27M | 0.01% |
133,038
+4,163
| +3% | +$63.4K |
|
485
Vertiv
VRT
$105B
| $2.27M | 0.01% |
+60,975
| New | +$2.01M |
|
486
Cabot Corp
CBT
$4.52B
| $2.21M | 0.01% |
+31,937
| New | +$2.22M |
|
487
Sweetgreen
SG
$642M
| $2.18M | 0.01% |
185,408
+60,128
| +48% | +$837K |
|
488
Freeport-McMoran
FCX
$97.5B
| $2.17M | 0.01% |
58,243
-77,426
| -57% | -$3.12M |
|
489
Tootsie Roll Industries
TR
$2.98B
| $2.17M | 0.01% |
79,473
+21,699
| +38% | +$650K |
|
490
HP
HPQ
$27.5B
| $2.16M | 0.01% |
83,955
+24,139
| +40% | +$741K |
|
491
Viatris
VTRS
$18.9B
| $2.14M | 0.01% |
216,552
-118,407
| -35% | -$1.23M |
|
|
VMW
492
DELISTED
VMware, Inc
VMW
| $2.13M | 0.01% |
12,808
+149
| +1% | +$23.9K |
|
493
CorVel
CRVL
$3.19B
| $2.13M | 0.01% |
32,433
+2,697
| +9% | +$186K |
|
494
Ingles Markets
IMKTA
$1.67B
| $2.1M | 0.01% |
27,908
+1,376
| +5% | +$111K |
|
495
Xylem
XYL
$28.1B
| $2.08M | 0.01% |
22,890
-1,430
| -6% | -$147K |
|
|
EFOR
496
Everforth Inc
EFOR
$1.32B
| $2.06M | 0.01% |
25,211
+21,720
| +622% | +$1.73M |
|
497
Plug Power
PLUG
$3.04B
| $2.04M | 0.01% |
+267,980
| New | +$2.62M |
|
498
Progress Software
PRGS
$1.76B
| $2.03M | 0.01% |
+38,643
| New | +$2.26M |
|
499
Lamar Advertising Co
LAMR
$16.3B
| $2.03M | 0.01% |
+24,296
| New | +$2.23M |
|
500
Jabil
JBL
$35.8B
| $2.03M | 0.01% |
+15,982
| New | +$1.75M |
|
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Ray Dalio's Q3 2023 Portfolio in Review
As of Q3 2023, Ray Dalio held 826 positions worth $16.5B, up 2.2% from $16.2B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Ray Dalio deployed $1.1B of net new capital in Q3 2023, opening 130 new positions and adding to 388 existing holdings. Its largest new stake was Broadcom: 540,410 shares worth $44.9M.
By sector, the portfolio is most concentrated in Consumer Staples at 27% of assets, down from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Vanguard FTSE Emerging Markets ETF, an estimated $76.6M trimmed.
- Ray Dalio's largest Q3 2023 buy was Broadcom: 540,410 shares worth $44.9M.
- Ray Dalio added most to iShares Core MSCI Emerging Markets ETF in Q3 2023, an estimated $61.9M increase.
- Ray Dalio's biggest Q3 2023 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $76.6M.
- Ray Dalio fully exited Corteva in Q3 2023, selling an estimated $19M.
- Ray Dalio's ten largest holdings make up 34% of its $16.5B portfolio in Q3 2023.
- Ray Dalio opened 130 new positions and closed 86 in Q3 2023.
- Ray Dalio's portfolio value rose 2.2% quarter-over-quarter to $16.5B.
Based on Bridgewater Associates's 13F filing for Q3 2023, filed 13 Nov 2023.