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
|
+$162M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$150M |
| 3 |
Meta Platforms (Facebook)
META
|
+$79.3M |
| 4 |
Microsoft
MSFT
|
+$61.4M |
| 5 |
AbbVie
ABBV
|
+$58.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$218M |
| 2 |
Pinduoduo
PDD
|
+$136M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$111M |
| 4 |
Bank of America
BAC
|
+$106M |
| 5 |
Walmart Inc
WMT
|
+$104M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 28.42% |
| 2 | Healthcare | 21.25% |
| 3 | Consumer Discretionary | 10.73% |
| 4 | Financials | 6.5% |
| 5 | Communication Services | 4.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Beyond Meat
BYND
$277M
| $1.54M | 0.01% |
95,014
-22,289
| -19% | -$367K |
|
502
US Physical Therapy
USPH
$1.22B
| $1.54M | 0.01% |
15,737
+588
| +4% | +$56.1K |
|
503
HUTCHMED
HCM
$2.17B
| $1.54M | 0.01% |
118,245
-55,352
| -32% | -$907K |
|
|
NVRO
504
DELISTED
NEVRO CORP.
NVRO
| $1.54M | 0.01% |
42,501
+1,566
| +4% | +$55K |
|
505
Agnico Eagle Mines
AEM
$90.5B
| $1.53M | 0.01% |
30,086
-110,163
| -79% | -$5.66M |
|
506
Itron
ITRI
$4.54B
| $1.52M | 0.01% |
27,348
+149
| +0.5% | +$8.22K |
|
|
JNPR
507
DELISTED
Juniper Networks
JNPR
| $1.49M | 0.01% |
+43,284
| New | +$1.37M |
|
508
lululemon athletica
LULU
$14.6B
| $1.48M | 0.01% |
4,070
| – | – |
|
509
Worthington Enterprises
WOR
$2.86B
| $1.48M | 0.01% |
+37,098
| New | +$1.31M |
|
510
Freshpet
FRPT
$3.22B
| $1.48M | 0.01% |
22,339
-33,038
| -60% | -$2.03M |
|
511
Simulations Plus
SLP
$371M
| $1.47M | 0.01% |
33,409
-555
| -2% | -$22.2K |
|
512
Harley-Davidson
HOG
$2.71B
| $1.45M | 0.01% |
+38,314
| New | +$1.68M |
|
513
AGNC Investment
AGNC
$12.9B
| $1.44M | 0.01% |
142,974
-68,439
| -32% | -$744K |
|
514
Advance Auto Parts
AAP
$3.49B
| $1.43M | 0.01% |
+11,800
| New | +$1.65M |
|
515
MGIC Investment
MTG
$6.25B
| $1.41M | 0.01% |
105,052
-119,403
| -53% | -$1.61M |
|
516
Avnet
AVT
$7.92B
| $1.4M | 0.01% |
31,028
-30,363
| -49% | -$1.35M |
|
517
Penske Automotive Group
PAG
$14.2B
| $1.39M | 0.01% |
9,807
+5,162
| +111% | +$687K |
|
518
Jack in the Box
JACK
$335M
| $1.37M | 0.01% |
15,662
-21,694
| -58% | -$1.72M |
|
519
Telus
TU
$15.3B
| $1.37M | 0.01% |
+68,933
| New | +$1.4M |
|
520
Vornado Realty Trust
VNO
$7.38B
| $1.34M | 0.01% |
87,038
-20,772
| -19% | -$420K |
|
521
Sempra
SRE
$54.8B
| $1.33M | 0.01% |
17,646
-206,826
| -92% | -$15.9M |
|
522
Marvell Technology
MRVL
$196B
| $1.31M | 0.01% |
30,210
| – | – |
|
523
John B. Sanfilippo & Son
JBSS
$972M
| $1.3M | 0.01% |
13,447
-2,281
| -15% | -$204K |
|
524
Health Catalyst
HCAT
$128M
| $1.3M | 0.01% |
111,434
-932
| -0.8% | -$11.9K |
|
|
MODV
525
DELISTED
ModivCare
MODV
| $1.3M | 0.01% |
15,438
+544
| +4% | +$52.3K |
|
Similar funds
Ray Dalio's Q1 2023 Portfolio in Review
As of Q1 2023, Ray Dalio held 938 positions worth $16.4B, down 11% from $18.3B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Ray Dalio withdrew a net $2.44B in Q1 2023, closing 228 positions and reducing 360 holdings. Its most notable exit was Bank of America, an estimated $106M position sold in full.
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.
Against the trend, Ray Dalio opened a new position in Home Depot worth $43.5M.
- Ray Dalio's largest Q1 2023 buy was Home Depot: 147,495 shares worth $43.5M.
- Ray Dalio added most to iShares Core MSCI Emerging Markets ETF in Q1 2023, an estimated $162M increase.
- Ray Dalio's biggest Q1 2023 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $218M.
- Ray Dalio fully exited Bank of America in Q1 2023, selling an estimated $106M.
- Ray Dalio's ten largest holdings make up 35% of its $16.4B portfolio in Q1 2023.
- Ray Dalio opened 118 new positions and closed 228 in Q1 2023.
- Ray Dalio's portfolio value fell 11% quarter-over-quarter to $16.4B.
Based on Bridgewater Associates's 13F filing for Q1 2023, filed 12 May 2023.