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 MSCI Emerging Markets ETF
EEM
|
+$935M |
| 2 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$606M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$598M |
| 4 |
Alibaba
BABA
|
+$340M |
| 5 |
SPDR Gold Trust
GLD
|
+$130M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Danaher
DHR
|
+$47.4M |
| 2 |
Linde
LIN
|
+$29.9M |
| 3 |
Walmart Inc
WMT
|
+$28.5M |
| 4 |
Microsoft
MSFT
|
+$28.4M |
| 5 |
Deere & Co
DE
|
+$26.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 24.27% |
| 2 | Consumer Discretionary | 16.92% |
| 3 | Healthcare | 15.14% |
| 4 | Financials | 5.73% |
| 5 | Industrials | 3.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
WaFd
WAFD
$2.75B
| $935K | 0.01% |
27,259
-3,034
| -10% | -$98.7K |
|
527
MSCI
MSCI
$40.9B
| $922K | 0.01% |
+1,516
| New | +$926K |
|
|
WCN
528
Waste Connections
WCN
$42B
| $918K | 0.01% |
+7,289
| New | +$922K |
|
529
Gaotu Techedu
GOTU
$436M
| $910K | 0.01% |
296,516
+118,171
| +66% | +$596K |
|
530
Vornado Realty Trust
VNO
$7.38B
| $909K | 0.01% |
21,639
+810
| +4% | +$34.9K |
|
531
Prologis
PLD
$133B
| $906K | 0.01% |
7,222
-4,138
| -36% | -$537K |
|
532
Ross Stores
ROST
$81.9B
| $905K | 0.01% |
+8,315
| New | +$996K |
|
|
NTUS
533
DELISTED
Natus Medical Inc
NTUS
| $901K | ﹤0.01% |
35,924
+72
| +0.2% | +$1.83K |
|
534
Wheaton Precious Metals
WPM
$60.9B
| $891K | ﹤0.01% |
23,665
-3,907
| -14% | -$170K |
|
|
JOBS
535
DELISTED
51job Inc
JOBS
| $890K | ﹤0.01% |
12,796
| – | – |
|
536
iShares MSCI South Korea ETF
EWY
$24.1B
| $886K | ﹤0.01% |
+10,979
| New | +$955K |
|
|
VIVO
537
DELISTED
Meridian Bioscience Inc
VIVO
| $881K | ﹤0.01% |
45,816
+176
| +0.4% | +$3.51K |
|
538
AutoZone
AZO
$51.1B
| $880K | ﹤0.01% |
+518
| New | +$831K |
|
539
Brookfield
BN
$108B
| $878K | ﹤0.01% |
30,404
| – | – |
|
540
SLB Ltd
SLB
$75B
| $877K | ﹤0.01% |
29,584
-1,284
| -4% | -$36.8K |
|
541
Steel Dynamics
STLD
$37.6B
| $874K | ﹤0.01% |
14,937
+5,648
| +61% | +$361K |
|
|
CGC
542
Canopy Growth
CGC
$410M
| $869K | ﹤0.01% |
6,273
-978
| -13% | -$175K |
|
|
SPWR
543
DELISTED
SunPower Corporation Common Stock
SPWR
| $869K | ﹤0.01% |
38,295
+1,328
| +4% | +$31.1K |
|
544
Agnico Eagle Mines
AEM
$90.5B
| $868K | ﹤0.01% |
16,732
-601
| -3% | -$35K |
|
545
OraSure Technologies
OSUR
$279M
| $868K | ﹤0.01% |
76,778
+639
| +0.8% | +$7.02K |
|
546
Agilent Technologies
A
$41.2B
| $859K | ﹤0.01% |
5,453
-100,781
| -95% | -$16.3M |
|
547
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.92B
| $831K | ﹤0.01% |
7,600
| – | – |
|
|
AUY
548
DELISTED
Yamana Gold, Inc.
AUY
| $819K | ﹤0.01% |
207,391
-17,466
| -8% | -$74K |
|
549
Synopsys
SNPS
$79.7B
| $816K | ﹤0.01% |
+2,725
| New | +$827K |
|
550
Elevance Health
ELV
$85.5B
| $814K | ﹤0.01% |
+2,183
| New | +$830K |
|
Similar funds
Ray Dalio's Q3 2021 Portfolio in Review
As of Q3 2021, Ray Dalio held 821 positions worth $18.3B, up 17% from $15.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Ray Dalio deployed $3.42B of net new capital in Q3 2021, opening 117 new positions and adding to 343 existing holdings. Its largest new stake was DiDi Global Inc. American depositary shares, each four representing one Class A ordinary share: 8,990,211 shares worth $70M.
By sector, the portfolio is most concentrated in Consumer Staples at 24% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was Danaher, an estimated $47.4M trimmed.
- Ray Dalio's largest Q3 2021 buy was DiDi Global Inc. American depositary shares, each four representing one Class A ordinary share: 8,990,211 shares worth $70M.
- Ray Dalio added most to iShares MSCI Emerging Markets ETF in Q3 2021, an estimated $935M increase.
- Ray Dalio's biggest Q3 2021 reduction was Danaher, cutting an estimated $47.4M.
- Ray Dalio fully exited Linde in Q3 2021, selling an estimated $29.9M.
- Ray Dalio's ten largest holdings make up 38% of its $18.3B portfolio in Q3 2021.
- Ray Dalio opened 117 new positions and closed 138 in Q3 2021.
- Ray Dalio's portfolio value rose 17% quarter-over-quarter to $18.3B.
Based on Bridgewater Associates's 13F filing for Q3 2021, filed 12 Nov 2021.