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 |
Visa
V
|
+$148M |
| 2 |
Mondelez International
MDLZ
|
+$144M |
| 3 |
Johnson & Johnson
JNJ
|
+$64.3M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$53.4M |
| 5 |
Microsoft
MSFT
|
+$51.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Medtronic
MDT
|
+$225M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$151M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$91.6M |
| 4 |
Walmart Inc
WMT
|
+$87.7M |
| 5 |
JPMorgan Chase
JPM
|
+$79.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 29.71% |
| 2 | Healthcare | 20.65% |
| 3 | Consumer Discretionary | 10.85% |
| 4 | Financials | 7.63% |
| 5 | Technology | 4.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
576
Evergy
EVRG
$19.2B
| $1.89M | 0.01% |
31,794
-7,653
| -19% | -$515K |
|
577
Zions Bancorporation
ZION
$10.3B
| $1.88M | 0.01% |
37,006
+24,874
| +205% | +$1.36M |
|
578
Sally Beauty Holdings
SBH
$1.58B
| $1.87M | 0.01% |
+148,659
| New | +$2.06M |
|
579
Perdoceo Education
PRDO
$2.12B
| $1.87M | 0.01% |
181,301
+123,419
| +213% | +$1.47M |
|
|
FL
580
DELISTED
Foot Locker
FL
| $1.86M | 0.01% |
59,878
+9,387
| +19% | +$300K |
|
581
Leidos
LDOS
$17.3B
| $1.85M | 0.01% |
21,210
-12,615
| -37% | -$1.23M |
|
|
MOMO
582
Hello Group
MOMO
$866M
| $1.85M | 0.01% |
400,123
-67,940
| -15% | -$325K |
|
583
CryoPort
CYRX
$762M
| $1.83M | 0.01% |
75,277
-1,529
| -2% | -$52.6K |
|
584
Hewlett Packard
HPE
$70.5B
| $1.83M | 0.01% |
152,751
+121,249
| +385% | +$1.65M |
|
585
California Water Service
CWT
$3.12B
| $1.8M | 0.01% |
34,113
-6,167
| -15% | -$362K |
|
586
Expeditors International
EXPD
$23.2B
| $1.79M | 0.01% |
20,228
+16,087
| +388% | +$1.61M |
|
587
Baker Hughes
BKR
$61.1B
| $1.78M | 0.01% |
85,142
-241,682
| -74% | -$6.05M |
|
588
Western Alliance Bancorporation
WAL
$8.87B
| $1.77M | 0.01% |
26,894
+18,234
| +211% | +$1.38M |
|
589
Usana Health Sciences
USNA
$286M
| $1.76M | 0.01% |
31,399
-855
| -3% | -$56.5K |
|
590
Palo Alto Networks
PANW
$297B
| $1.75M | 0.01% |
+21,312
| New | +$1.85M |
|
591
Prologis
PLD
$133B
| $1.74M | 0.01% |
17,133
-223,937
| -93% | -$27.8M |
|
592
Danaher
DHR
$144B
| $1.73M | 0.01% |
7,572
-3,486
| -32% | -$853K |
|
593
NVR
NVR
$17B
| $1.73M | 0.01% |
434
-4,441
| -91% | -$18.9M |
|
594
Service Corp International
SCI
$11.6B
| $1.7M | 0.01% |
+29,476
| New | +$1.94M |
|
595
Assurant
AIZ
$14.3B
| $1.68M | 0.01% |
11,589
-1,762
| -13% | -$288K |
|
596
Steel Dynamics
STLD
$37.6B
| $1.67M | 0.01% |
23,486
-167,388
| -88% | -$12.7M |
|
|
CMA
597
DELISTED
Comerica
CMA
| $1.66M | 0.01% |
23,303
+12,729
| +120% | +$1M |
|
598
Celanese
CE
$4.82B
| $1.65M | 0.01% |
18,211
-166,400
| -90% | -$18.3M |
|
599
Reinsurance Group of America
RGA
$16.1B
| $1.63M | 0.01% |
+12,938
| New | +$1.59M |
|
600
Ameren
AEE
$30.1B
| $1.63M | 0.01% |
20,180
-25,229
| -56% | -$2.3M |
|
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Ray Dalio's Q3 2022 Portfolio in Review
As of Q3 2022, Ray Dalio held 1,045 positions worth $19.8B, down 16% from $23.6B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ray Dalio withdrew a net $2.53B in Q3 2022, closing 179 positions and reducing 498 holdings. Its most notable exit was Medtronic, an estimated $225M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 30% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Ray Dalio opened a new position in Accenture worth $29.3M.
- Ray Dalio's largest Q3 2022 buy was Accenture: 113,811 shares worth $29.3M.
- Ray Dalio added most to Visa in Q3 2022, an estimated $148M increase.
- Ray Dalio's biggest Q3 2022 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $151M.
- Ray Dalio fully exited Medtronic in Q3 2022, selling an estimated $225M.
- Ray Dalio's ten largest holdings make up 32% of its $19.8B portfolio in Q3 2022.
- Ray Dalio opened 60 new positions and closed 179 in Q3 2022.
- Ray Dalio's portfolio value fell 16% quarter-over-quarter to $19.8B.
Based on Bridgewater Associates's 13F filing for Q3 2022, filed 10 Nov 2022.