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 |
Alibaba
BABA
|
+$142M |
| 2 |
Procter & Gamble
PG
|
+$74.5M |
| 3 |
PepsiCo
PEP
|
+$60.9M |
| 4 |
Pinduoduo
PDD
|
+$58.5M |
| 5 |
Johnson & Johnson
JNJ
|
+$56.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$565M |
| 2 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$337M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$335M |
| 4 |
Walmart Inc
WMT
|
+$314M |
| 5 |
Danaher
DHR
|
+$214M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 27.98% |
| 2 | Consumer Discretionary | 17.74% |
| 3 | Healthcare | 17.12% |
| 4 | Industrials | 3.53% |
| 5 | Financials | 3.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AGR
576
DELISTED
Avangrid, Inc.
AGR
| $1M | 0.01% |
20,150
+9,825
| +95% | +$498K |
|
577
Brookfield
BN
$108B
| $991K | 0.01% |
30,397
-7
| -0% | -$221 |
|
578
Regency Centers
REG
$14.1B
| $987K | 0.01% |
+13,093
| New | +$945K |
|
|
VIVO
579
DELISTED
Meridian Bioscience Inc
VIVO
| $977K | 0.01% |
47,898
+2,082
| +5% | +$39.9K |
|
580
CenterPoint Energy
CNP
$26.8B
| $966K | 0.01% |
+34,606
| New | +$924K |
|
|
PACW
581
DELISTED
PacWest Bancorp
PACW
| $960K | 0.01% |
21,255
-25,483
| -55% | -$1.19M |
|
582
Methanex
MEOH
$4.12B
| $952K | 0.01% |
24,028
+16,381
| +214% | +$727K |
|
583
Wheaton Precious Metals
WPM
$60.9B
| $952K | 0.01% |
22,158
-1,507
| -6% | -$62.1K |
|
584
Ross Stores
ROST
$81.9B
| $950K | 0.01% |
8,311
-4
| -0% | -$447 |
|
585
Illumina
ILMN
$28.4B
| $949K | 0.01% |
2,564
-3,301
| -56% | -$1.25M |
|
586
Pulmonx
LUNG
$87.6M
| $948K | 0.01% |
29,560
-1,792
| -6% | -$65.5K |
|
587
National Healthcare
NHC
$3.37B
| $935K | 0.01% |
13,758
-1,711
| -11% | -$118K |
|
|
SPWR
588
DELISTED
SunPower Corporation Common Stock
SPWR
| $926K | 0.01% |
44,391
+6,096
| +16% | +$165K |
|
589
Moderna
MRNA
$23.6B
| $924K | 0.01% |
3,639
-4,670
| -56% | -$1.37M |
|
590
OrthoPediatrics
KIDS
$595M
| $923K | 0.01% |
15,422
-4,274
| -22% | -$266K |
|
591
Reinsurance Group of America
RGA
$16.1B
| $912K | 0.01% |
+8,334
| New | +$926K |
|
592
Lumen
LUMN
$6.44B
| $908K | 0.01% |
+72,388
| New | +$921K |
|
|
NTUS
593
DELISTED
Natus Medical Inc
NTUS
| $889K | 0.01% |
37,478
+1,554
| +4% | +$38.4K |
|
594
Tractor Supply
TSCO
$18.1B
| $883K | 0.01% |
18,495
+7,115
| +63% | +$311K |
|
595
Gen Digital
GEN
$17.5B
| $878K | 0.01% |
+33,808
| New | +$855K |
|
596
Evergy
EVRG
$19.2B
| $858K | 0.01% |
+12,500
| New | +$813K |
|
597
Agnico Eagle Mines
AEM
$90.5B
| $855K | 0.01% |
16,077
-655
| -4% | -$34.8K |
|
598
Camden Property Trust
CPT
$11.1B
| $847K | ﹤0.01% |
+4,741
| New | +$782K |
|
599
Globe Life
GL
$14.3B
| $847K | ﹤0.01% |
+9,034
| New | +$835K |
|
600
Alliant Energy
LNT
$18B
| $839K | ﹤0.01% |
+13,656
| New | +$782K |
|
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Ray Dalio's Q4 2021 Portfolio in Review
As of Q4 2021, Ray Dalio held 820 positions worth $17.2B, down 5.8% from $18.3B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Ray Dalio withdrew a net $1.89B in Q4 2021, closing 89 positions and reducing 292 holdings. Its most notable exit was Ecolab, an estimated $14.2M 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 RTX Corp worth $16M.
- Ray Dalio's largest Q4 2021 buy was RTX Corp: 186,232 shares worth $16M.
- Ray Dalio added most to Alibaba in Q4 2021, an estimated $142M increase.
- Ray Dalio's biggest Q4 2021 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $565M.
- Ray Dalio fully exited Ecolab in Q4 2021, selling an estimated $14.2M.
- Ray Dalio's ten largest holdings make up 36% of its $17.2B portfolio in Q4 2021.
- Ray Dalio opened 137 new positions and closed 89 in Q4 2021.
- Ray Dalio's portfolio value fell 5.8% quarter-over-quarter to $17.2B.
Based on Bridgewater Associates's 13F filing for Q4 2021, filed 14 Feb 2022.