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 |
iShares MSCI Emerging Markets ETF
EEM
|
+$935M |
| 2 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$606M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$598M |
| 4 |
Alibaba
BABA
|
+$340M |
| 5 |
SPDR Gold Trust
GLD
|
+$130M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Danaher
DHR
|
+$47.4M |
| 2 |
Linde
LIN
|
+$29.9M |
| 3 |
Walmart Inc
WMT
|
+$28.5M |
| 4 |
Microsoft
MSFT
|
+$28.4M |
| 5 |
Deere & Co
DE
|
+$26.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 24.27% |
| 2 | Consumer Discretionary | 16.92% |
| 3 | Healthcare | 15.14% |
| 4 | Financials | 5.73% |
| 5 | Industrials | 3.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
EPAM Systems
EPAM
$5.03B
| $447K | ﹤0.01% |
+784
| New | +$461K |
|
602
Wayfair
W
$14.6B
| $447K | ﹤0.01% |
+1,751
| New | +$494K |
|
|
HZNP
603
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $437K | ﹤0.01% |
+3,985
| New | +$414K |
|
604
Alnylam Pharmaceuticals
ALNY
$29.3B
| $422K | ﹤0.01% |
2,234
-3,865
| -63% | -$725K |
|
605
NXP Semiconductors
NXPI
$60.4B
| $420K | ﹤0.01% |
2,145
+61
| +3% | +$12.7K |
|
606
Incyte
INCY
$24.4B
| $416K | ﹤0.01% |
6,047
-22,201
| -79% | -$1.69M |
|
607
Celestica
CLS
$36.5B
| $412K | ﹤0.01% |
+46,401
| New | +$398K |
|
608
MongoDB
MDB
$32.1B
| $409K | ﹤0.01% |
+867
| New | +$349K |
|
609
CBRE Group
CBRE
$42.9B
| $407K | ﹤0.01% |
+4,178
| New | +$388K |
|
610
Acadia Healthcare
ACHC
$2.94B
| $393K | ﹤0.01% |
+6,166
| New | +$389K |
|
611
Chewy
CHWY
$9.63B
| $391K | ﹤0.01% |
+5,736
| New | +$475K |
|
612
Colliers International
CIGI
$5.19B
| $387K | ﹤0.01% |
3,023
-104
| -3% | -$13.2K |
|
613
Baker Hughes
BKR
$61.1B
| $386K | ﹤0.01% |
15,605
-10,857
| -41% | -$242K |
|
614
Intercontinental Exchange
ICE
$84.4B
| $385K | ﹤0.01% |
+3,351
| New | +$398K |
|
615
TransUnion
TRU
$15.3B
| $378K | ﹤0.01% |
3,364
-6,941
| -67% | -$816K |
|
616
Coinbase
COIN
$40.5B
| $375K | ﹤0.01% |
+1,648
| New | +$406K |
|
617
CAE Inc. Common Shares
CAE
$8.74B
| $374K | ﹤0.01% |
12,523
-5,429
| -30% | -$161K |
|
|
CVA
618
DELISTED
Covanta Holding Corporation
CVA
| $362K | ﹤0.01% |
17,971
| – | – |
|
619
SiriusXM
SIRI
$10.1B
| $360K | ﹤0.01% |
5,899
-12,217
| -67% | -$768K |
|
620
RB Global
RBA
$17.5B
| $355K | ﹤0.01% |
5,758
-1,277
| -18% | -$78K |
|
621
Cheniere Energy
LNG
$52.9B
| $354K | ﹤0.01% |
+3,621
| New | +$317K |
|
|
PVG
622
DELISTED
PRETIUM RESOURCES INC.
PVG
| $354K | ﹤0.01% |
36,643
-6,622
| -15% | -$63.2K |
|
623
Methanex
MEOH
$4.12B
| $352K | ﹤0.01% |
+7,647
| New | +$276K |
|
|
CRON
624
Cronos Group
CRON
$1.14B
| $350K | ﹤0.01% |
61,927
-63,115
| -50% | -$429K |
|
|
DENN
625
DELISTED
Denny's
DENN
| $347K | ﹤0.01% |
21,250
-10,063
| -32% | -$158K |
|
Similar funds
Ray Dalio's Q3 2021 Portfolio in Review
As of Q3 2021, Ray Dalio held 821 positions worth $18.3B, up 17% from $15.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Ray Dalio deployed $3.42B of net new capital in Q3 2021, opening 117 new positions and adding to 343 existing holdings. Its largest new stake was DiDi Global Inc. American depositary shares, each four representing one Class A ordinary share: 8,990,211 shares worth $70M.
By sector, the portfolio is most concentrated in Consumer Staples at 24% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was Danaher, an estimated $47.4M trimmed.
- Ray Dalio's largest Q3 2021 buy was DiDi Global Inc. American depositary shares, each four representing one Class A ordinary share: 8,990,211 shares worth $70M.
- Ray Dalio added most to iShares MSCI Emerging Markets ETF in Q3 2021, an estimated $935M increase.
- Ray Dalio's biggest Q3 2021 reduction was Danaher, cutting an estimated $47.4M.
- Ray Dalio fully exited Linde in Q3 2021, selling an estimated $29.9M.
- Ray Dalio's ten largest holdings make up 38% of its $18.3B portfolio in Q3 2021.
- Ray Dalio opened 117 new positions and closed 138 in Q3 2021.
- Ray Dalio's portfolio value rose 17% quarter-over-quarter to $18.3B.
Based on Bridgewater Associates's 13F filing for Q3 2021, filed 12 Nov 2021.