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 |
McDonald's
MCD
|
+$6.41M |
| 2 |
UnitedHealth
UNH
|
+$6.05M |
| 3 |
Lockheed Martin
LMT
|
+$6.04M |
| 4 |
Philip Morris
PM
|
+$5.55M |
| 5 |
Accenture
ACN
|
+$5.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.04B |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$444M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$277M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$226M |
| 5 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$132M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 4% |
| 2 | Financials | 2.7% |
| 3 | Industrials | 1.84% |
| 4 | Materials | 1.48% |
| 5 | Consumer Staples | 1.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
551
Parker-Hannifin
PH
$135B
| – | – |
-5,511
| Closed | -$1.13M |
|
552
PNC Financial Services
PNC
$101B
| – | – |
-90,809
| Closed | -$14.5M |
|
553
Pentair
PNR
$11B
| – | – |
-39,076
| Closed | -$1.79M |
|
554
PTC
PTC
$16B
| – | – |
-6,147
| Closed | -$460K |
|
555
Quanta Services
PWR
$101B
| – | – |
-33,034
| Closed | -$1.34M |
|
556
Qualcomm
QCOM
$176B
| – | – |
-10,609
| Closed | -$936K |
|
557
Qorvo
QRVO
$8.74B
| – | – |
-4,986
| Closed | -$580K |
|
558
Royal Caribbean
RCL
$85.6B
| – | – |
-11,213
| Closed | -$1.5M |
|
559
Regions Financial
RF
$26.8B
| – | – |
-199,378
| Closed | -$3.42M |
|
560
Robert Half
RHI
$4.37B
| – | – |
-26,958
| Closed | -$1.7M |
|
561
Raymond James Financial
RJF
$34B
| – | – |
-42,738
| Closed | -$2.55M |
|
562
Rambus
RMBS
$11B
| – | – |
-25,868
| Closed | -$356K |
|
563
RingCentral
RNG
$5.28B
| – | – |
-11,201
| Closed | -$1.89M |
|
564
Rockwell Automation
ROK
$49B
| – | – |
-4,913
| Closed | -$996K |
|
565
Roper Technologies
ROP
$39.8B
| – | – |
-11,919
| Closed | -$4.22M |
|
566
Reliance Steel & Aluminium
RS
$21.6B
| – | – |
-15,466
| Closed | -$1.85M |
|
|
SCHW
567
Charles Schwab
SCHW
$187B
| – | – |
-266,344
| Closed | -$12.7M |
|
|
SCS
568
DELISTED
Steelcase
SCS
| – | – |
-27,217
| Closed | -$557K |
|
|
SEE
569
DELISTED
Sealed Air
SEE
| – | – |
-8,268
| Closed | -$329K |
|
570
SEI Investments
SEIC
$12.6B
| – | – |
-31,026
| Closed | -$2.03M |
|
|
SKX
571
DELISTED
Skechers
SKX
| – | – |
-15,800
| Closed | -$682K |
|
572
Snap-on
SNA
$21.5B
| – | – |
-2,939
| Closed | -$498K |
|
|
SNV
573
DELISTED
Synovus
SNV
| – | – |
-30,503
| Closed | -$1.2M |
|
574
Sonoco
SON
$5.74B
| – | – |
-23,269
| Closed | -$1.44M |
|
575
Sensata Technologies
ST
$6.79B
| – | – |
-6,884
| Closed | -$371K |
|
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Ray Dalio's Q1 2020 Portfolio in Review
As of Q1 2020, Ray Dalio held 650 positions worth $5.04B, down 49% from $9.79B the previous quarter. Its ten largest holdings account for 68% of the portfolio.
Ray Dalio withdrew a net $3.42B in Q1 2020, closing 251 positions and reducing 191 holdings. Its most notable exit was JPMorgan Chase, an estimated $90.5M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 4% of assets, up from 3.6% a quarter earlier, followed by Financials and Industrials.
Against the trend, Ray Dalio opened a new position in McDonald's worth $5.38M.
- Ray Dalio's largest Q1 2020 buy was McDonald's: 32,541 shares worth $5.38M.
- Ray Dalio added most to Lowe's Companies in Q1 2020, an estimated $4.7M increase.
- Ray Dalio's biggest Q1 2020 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.04B.
- Ray Dalio fully exited JPMorgan Chase in Q1 2020, selling an estimated $90.5M.
- Ray Dalio's ten largest holdings make up 68% of its $5.04B portfolio in Q1 2020.
- Ray Dalio opened 179 new positions and closed 251 in Q1 2020.
- Ray Dalio's portfolio value fell 49% quarter-over-quarter to $5.04B.
Based on Bridgewater Associates's 13F filing for Q1 2020, filed 14 May 2020.