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Ray Dalio

Ray Dalio Bridgewater Associates

AUM $22.4B
1-Year Est. Return 34.48%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-11.88%
1 Year Est. Return
+34.48%
3 Year Est. Return
+84.29%
5 Year Est. Return
+89.92%
10 Year Est. Return
+230.06%
AUM
$10.9B
AUM Growth
+$1.27B
Cap. Flow
+$2.53B
Cap. Flow %
23.13%
Top 10 Hldgs %
61.92%
Holding
528
New
174
Increased
210
Reduced
82
Closed
56

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$380M
2
EWY icon
iShares MSCI South Korea ETF
EWY
+$171M
3
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$146M
4
XEC
CIMAREX ENERGY CO
XEC
+$84.8M
5
BFH icon
Bread Financial
BFH
+$78.5M

Top Sells

Rank Stock Value
1
EWZ icon
iShares MSCI Brazil ETF
EWZ
+$133M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$92.5M
3
EWT icon
iShares MSCI Taiwan ETF
EWT
+$37M
4
TOL icon
Toll Brothers
TOL
+$33.7M
5
NFX
Newfield Exploration
NFX
+$24.9M

Sector Composition

Rank Sector Weight
1 Financials 5.64%
2 Consumer Discretionary 4.56%
3 Energy 3.53%
4 Healthcare 2.96%
5 Industrials 2.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMTD
526
DELISTED
TD Ameritrade Holding Corp
AMTD
– –
-44,071
Closed -$2.33M
NFX
527
DELISTED
Newfield Exploration
NFX
– –
-862,195
Closed -$24.9M
RHT
528
DELISTED
Red Hat Inc
RHT
– –
-13,499
Closed -$1.84M
18 19 20 21
22

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Ray Dalio's Q4 2018 Portfolio in Review

As of Q4 2018, Ray Dalio held 528 positions worth $10.9B, up 13% from $9.65B the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Ray Dalio deployed $2.53B of net new capital in Q4 2018, opening 174 new positions and adding to 210 existing holdings. Its largest new stake was Eastman Chemical: 624,555 shares worth $45.7M.

By sector, the portfolio is most concentrated in Financials at 5.6% of assets, up from 3.4% a quarter earlier, followed by Consumer Discretionary and Energy.

On the sell side, the largest reduction was iShares MSCI Brazil ETF, an estimated $133M trimmed.

  • Ray Dalio's largest Q4 2018 buy was Eastman Chemical: 624,555 shares worth $45.7M.
  • Ray Dalio added most to iShares Core S&P 500 ETF in Q4 2018, an estimated $380M increase.
  • Ray Dalio's biggest Q4 2018 reduction was iShares MSCI Brazil ETF, cutting an estimated $133M.
  • Ray Dalio fully exited iShares MSCI Taiwan ETF in Q4 2018, selling an estimated $37M.
  • Ray Dalio's ten largest holdings make up 62% of its $10.9B portfolio in Q4 2018.
  • Ray Dalio opened 174 new positions and closed 56 in Q4 2018.
  • Ray Dalio's portfolio value rose 13% quarter-over-quarter to $10.9B.

Based on Bridgewater Associates's 13F filing for Q4 2018, filed 13 Feb 2019.