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 |
Amazon
AMZN
|
+$293M |
| 2 |
Microsoft
MSFT
|
+$216M |
| 3 |
ExxonMobil
XOM
|
+$92M |
| 4 |
Cameco
CCJ
|
+$87.2M |
| 5 |
Advanced Micro Devices
AMD
|
+$67.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$256M |
| 2 |
Eli Lilly
LLY
|
+$148M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$140M |
| 4 |
Comcast
CMCSA
|
+$88.8M |
| 5 |
Procter & Gamble
PG
|
+$83.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 18.04% |
| 2 | Healthcare | 14.75% |
| 3 | Technology | 14.42% |
| 4 | Consumer Discretionary | 12.13% |
| 5 | Communication Services | 8.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
WD-40
WDFC
$3.15B
| $2.03M | 0.01% |
9,237
-12,581
| -58% | -$2.91M |
|
527
Marriott Vacations Worldwide
VAC
$4.25B
| $2.02M | 0.01% |
23,149
-24,687
| -52% | -$2.34M |
|
528
Shopify
SHOP
$195B
| $2.02M | 0.01% |
+30,566
| New | +$2.03M |
|
|
WCC
529
WESCO International
WCC
$17.7B
| $2.02M | 0.01% |
12,719
+3,621
| +40% | +$616K |
|
530
Ingredion
INGR
$6.58B
| $2M | 0.01% |
+17,413
| New | +$2.01M |
|
531
Trimble
TRMB
$13.9B
| $1.99M | 0.01% |
+35,653
| New | +$2.06M |
|
532
Aecom
ACM
$9.75B
| $1.99M | 0.01% |
22,598
-5,014
| -18% | -$457K |
|
533
DigitalOcean
DOCN
$14.6B
| $1.98M | 0.01% |
+57,057
| New | +$2.03M |
|
534
Amphenol
APH
$209B
| $1.97M | 0.01% |
+29,168
| New | +$1.84M |
|
535
Brighthouse Financial
BHF
$3.5B
| $1.96M | 0.01% |
+45,253
| New | +$2.09M |
|
536
Commercial Metals
CMC
$8.31B
| $1.96M | 0.01% |
+35,597
| New | +$1.96M |
|
537
Cavco Industries
CVCO
$4.55B
| $1.95M | 0.01% |
+5,631
| New | +$2.05M |
|
538
TripAdvisor
TRIP
$1.26B
| $1.95M | 0.01% |
+109,229
| New | +$2.37M |
|
|
CIVI
539
DELISTED
Civitas Resources
CIVI
| $1.94M | 0.01% |
28,132
-45,233
| -62% | -$3.27M |
|
540
LeMaitre Vascular
LMAT
$1.86B
| $1.93M | 0.01% |
23,472
+5,019
| +27% | +$369K |
|
541
Selective Insurance
SIGI
$5.73B
| $1.93M | 0.01% |
+20,576
| New | +$2.02M |
|
|
CTLT
542
DELISTED
CATALENT, INC.
CTLT
| $1.92M | 0.01% |
+34,147
| New | +$1.9M |
|
543
SEI Investments
SEIC
$12.6B
| $1.91M | 0.01% |
29,482
-59,913
| -67% | -$4.03M |
|
544
STAAR Surgical
STAA
$1.21B
| $1.9M | 0.01% |
39,840
-4,698
| -11% | -$206K |
|
545
Integer Holdings
ITGR
$4.26B
| $1.89M | 0.01% |
16,296
-11,019
| -40% | -$1.29M |
|
546
Perdoceo Education
PRDO
$2.12B
| $1.87M | 0.01% |
87,073
-18,639
| -18% | -$386K |
|
|
THS
547
DELISTED
Treehouse Foods
THS
| $1.86M | 0.01% |
50,815
-32,274
| -39% | -$1.17M |
|
548
Minerals Technologies
MTX
$2.34B
| $1.86M | 0.01% |
+22,308
| New | +$1.76M |
|
549
CNA Financial
CNA
$14.1B
| $1.85M | 0.01% |
+40,233
| New | +$1.78M |
|
550
Freshpet
FRPT
$3.22B
| $1.84M | 0.01% |
14,243
-57,488
| -80% | -$6.9M |
|
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Ray Dalio's Q2 2024 Portfolio in Review
As of Q2 2024, Ray Dalio held 959 positions worth $19.2B, down 3.1% from $19.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Ray Dalio withdrew a net $757M in Q2 2024, closing 82 positions and reducing 390 holdings. Its most notable exit was Marathon Oil Corporation, an estimated $28.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 18% of assets, down from 19% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Ray Dalio opened a new position in Constellation Energy worth $38.9M.
- Ray Dalio's largest Q2 2024 buy was Constellation Energy: 194,333 shares worth $38.9M.
- Ray Dalio added most to Amazon in Q2 2024, an estimated $293M increase.
- Ray Dalio's biggest Q2 2024 reduction was Apple, cutting an estimated $256M.
- Ray Dalio fully exited Marathon Oil Corporation in Q2 2024, selling an estimated $28.8M.
- Ray Dalio's ten largest holdings make up 35% of its $19.2B portfolio in Q2 2024.
- Ray Dalio opened 282 new positions and closed 82 in Q2 2024.
- Ray Dalio's portfolio value fell 3.1% quarter-over-quarter to $19.2B.
Based on Bridgewater Associates's 13F filing for Q2 2024, filed 14 Aug 2024.