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 |
Walmart Inc
WMT
|
+$71.2M |
| 2 |
Procter & Gamble
PG
|
+$68.3M |
| 3 |
Coca-Cola
KO
|
+$57.2M |
| 4 |
Lowe's Companies
LOW
|
+$50M |
| 5 |
PepsiCo
PEP
|
+$42.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$211M |
| 2 |
SPDR Gold Trust
GLD
|
+$211M |
| 3 |
iShares MSCI Emerging Markets ETF
EEM
|
+$186M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$146M |
| 5 |
iShares Gold Trust
IAU
|
+$114M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 27.76% |
| 2 | Consumer Discretionary | 17.03% |
| 3 | Healthcare | 11.47% |
| 4 | Financials | 6.12% |
| 5 | Industrials | 2.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
576
Paylocity
PCTY
$7.98B
| – | – |
-2,170
| Closed | -$447K |
|
577
PENN Entertainment
PENN
$2.7B
| – | – |
-25,953
| Closed | -$2.24M |
|
578
Parker-Hannifin
PH
$135B
| – | – |
-14,671
| Closed | -$4M |
|
579
Packaging Corp of America
PKG
$22.8B
| – | – |
-25,359
| Closed | -$3.5M |
|
580
Pentair
PNR
$11B
| – | – |
-43,158
| Closed | -$2.29M |
|
581
PTC
PTC
$16B
| – | – |
-14,279
| Closed | -$1.71M |
|
582
Quanta Services
PWR
$101B
| – | – |
-47,479
| Closed | -$3.42M |
|
583
Qualcomm
QCOM
$176B
| – | – |
-51,180
| Closed | -$7.8M |
|
584
Qorvo
QRVO
$8.74B
| – | – |
-12,886
| Closed | -$2.14M |
|
585
Rambus
RMBS
$11B
| – | – |
-30,034
| Closed | -$524K |
|
586
Rockwell Automation
ROK
$49B
| – | – |
-11,786
| Closed | -$2.96M |
|
587
Royalty Pharma
RPRX
$25.2B
| – | – |
-13,535
| Closed | -$677K |
|
588
Reliance Steel & Aluminium
RS
$21.6B
| – | – |
-14,741
| Closed | -$1.76M |
|
589
Southern Copper
SCCO
$166B
| – | – |
-184,357
| Closed | -$11.1M |
|
|
SCS
590
DELISTED
Steelcase
SCS
| – | – |
-31,572
| Closed | -$428K |
|
591
SolarEdge
SEDG
$1.95B
| – | – |
-2,534
| Closed | -$809K |
|
|
SEE
592
DELISTED
Sealed Air
SEE
| – | – |
-19,066
| Closed | -$873K |
|
|
SKX
593
DELISTED
Skechers
SKX
| – | – |
-16,749
| Closed | -$602K |
|
594
Snap-on
SNA
$21.5B
| – | – |
-10,942
| Closed | -$1.87M |
|
595
Sonoco
SON
$5.74B
| – | – |
-24,353
| Closed | -$1.44M |
|
596
S&P Global
SPGI
$120B
| – | – |
-17,000
| Closed | -$5.59M |
|
597
Sensata Technologies
ST
$6.79B
| – | – |
-22,952
| Closed | -$1.21M |
|
598
Steel Dynamics
STLD
$37.6B
| – | – |
-30,688
| Closed | -$1.13M |
|
599
Stanley Black & Decker
SWK
$15.7B
| – | – |
-12,151
| Closed | -$2.17M |
|
600
Skyworks Solutions
SWKS
$10.6B
| – | – |
-16,793
| Closed | -$2.57M |
|
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Ray Dalio's Q1 2021 Portfolio in Review
As of Q1 2021, Ray Dalio held 652 positions worth $11.3B, down 1.9% from $11.6B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Ray Dalio withdrew a net $463M in Q1 2021, closing 197 positions and reducing 123 holdings. Its most notable exit was ServiceNow, an estimated $13.4M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Ray Dalio opened a new position in Lowe's Companies worth $55.4M.
- Ray Dalio's largest Q1 2021 buy was Lowe's Companies: 291,137 shares worth $55.4M.
- Ray Dalio added most to Walmart Inc in Q1 2021, an estimated $71.2M increase.
- Ray Dalio's biggest Q1 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $211M.
- Ray Dalio fully exited ServiceNow in Q1 2021, selling an estimated $13.4M.
- Ray Dalio's ten largest holdings make up 39% of its $11.3B portfolio in Q1 2021.
- Ray Dalio opened 127 new positions and closed 197 in Q1 2021.
- Ray Dalio's portfolio value fell 1.9% quarter-over-quarter to $11.3B.
Based on Bridgewater Associates's 13F filing for Q1 2021, filed 14 May 2021.