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 Core S&P 500 ETF
IVV
|
+$236M |
| 2 |
CVS Health
CVS
|
+$189M |
| 3 |
Mastercard
MA
|
+$155M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$112M |
| 5 |
Meta Platforms (Facebook)
META
|
+$111M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$814M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$763M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$315M |
| 4 |
SPDR Gold Trust
GLD
|
+$140M |
| 5 |
JD.com
JD
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 25.96% |
| 2 | Healthcare | 19.03% |
| 3 | Consumer Discretionary | 12.6% |
| 4 | Financials | 7.27% |
| 5 | Communication Services | 3.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AGR
601
DELISTED
Avangrid, Inc.
AGR
| $3.04M | 0.01% |
65,863
+19,189
| +41% | +$890K |
|
602
Etsy
ETSY
$7.85B
| $3.02M | 0.01% |
41,185
+34,643
| +530% | +$3.16M |
|
603
Snowflake
SNOW
$115B
| $2.96M | 0.01% |
21,288
+4,160
| +24% | +$659K |
|
604
Clearway Energy Class C
CWEN
$6.7B
| $2.94M | 0.01% |
84,306
+3,240
| +4% | +$109K |
|
605
AtriCure
ATRC
$2.11B
| $2.93M | 0.01% |
71,769
+6,983
| +11% | +$331K |
|
606
Unum
UNM
$14.3B
| $2.93M | 0.01% |
86,154
+49,191
| +133% | +$1.66M |
|
607
TE Connectivity
TEL
$62.6B
| $2.91M | 0.01% |
25,689
-166,223
| -87% | -$20.6M |
|
608
Spectrum Brands
SPB
$2.07B
| $2.82M | 0.01% |
34,388
-56,202
| -62% | -$4.82M |
|
|
NBP
609
NovaBridge Biosciences American Depositary Shares
NBP
$202M
| $2.82M | 0.01% |
249,523
-62,475
| -20% | -$749K |
|
610
Under Armour
UAA
$2.6B
| $2.81M | 0.01% |
337,860
+41,260
| +14% | +$506K |
|
|
IRBT
611
DELISTED
iRobot
IRBT
| $2.81M | 0.01% |
76,460
+3,883
| +5% | +$188K |
|
612
Edison International
EIX
$26.4B
| $2.8M | 0.01% |
44,257
-12,129
| -22% | -$822K |
|
613
Motorola Solutions
MSI
$77.4B
| $2.8M | 0.01% |
13,346
-84,228
| -86% | -$18.4M |
|
614
Iron Mountain
IRM
$36.1B
| $2.78M | 0.01% |
57,184
+8,360
| +17% | +$440K |
|
615
Philip Morris
PM
$295B
| $2.75M | 0.01% |
27,897
-599,554
| -96% | -$61.1M |
|
|
NXGN
616
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $2.73M | 0.01% |
156,342
+8,245
| +6% | +$157K |
|
617
U-Haul Holding Co
UHAL
$14.6B
| $2.64M | 0.01% |
55,270
+3,550
| +7% | +$184K |
|
618
Atmos Energy
ATO
$28.8B
| $2.64M | 0.01% |
23,561
+7,669
| +48% | +$879K |
|
|
OSH
619
DELISTED
Oak Street Health, Inc.
OSH
| $2.62M | 0.01% |
159,384
-15,823
| -9% | -$307K |
|
620
Post Holdings
POST
$3.57B
| $2.61M | 0.01% |
31,716
+23,688
| +295% | +$1.84M |
|
|
EA
621
DELISTED
Electronic Arts
EA
| $2.6M | 0.01% |
21,345
-97,716
| -82% | -$12.5M |
|
622
Vornado Realty Trust
VNO
$7.38B
| $2.59M | 0.01% |
90,595
+3,072
| +4% | +$110K |
|
623
Alliant Energy
LNT
$18B
| $2.58M | 0.01% |
44,016
+13,167
| +43% | +$795K |
|
624
Evergy
EVRG
$19.2B
| $2.57M | 0.01% |
39,447
+11,026
| +39% | +$748K |
|
625
Regency Centers
REG
$14.1B
| $2.56M | 0.01% |
43,093
-43,000
| -50% | -$2.85M |
|
Similar funds
Ray Dalio's Q2 2022 Portfolio in Review
As of Q2 2022, Ray Dalio held 1,084 positions worth $23.6B, down 4.9% from $24.8B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Ray Dalio deployed $1.38B of net new capital in Q2 2022, opening 116 new positions and adding to 613 existing holdings. Its largest new stake was Sea Limited: 459,240 shares worth $30.7M.
By sector, the portfolio is most concentrated in Consumer Staples at 26% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was iShares MSCI Emerging Markets ETF, an estimated $763M trimmed.
- Ray Dalio's largest Q2 2022 buy was Sea Limited: 459,240 shares worth $30.7M.
- Ray Dalio added most to iShares Core S&P 500 ETF in Q2 2022, an estimated $236M increase.
- Ray Dalio's biggest Q2 2022 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $763M.
- Ray Dalio fully exited Alibaba in Q2 2022, selling an estimated $814M.
- Ray Dalio's ten largest holdings make up 29% of its $23.6B portfolio in Q2 2022.
- Ray Dalio opened 116 new positions and closed 99 in Q2 2022.
- Ray Dalio's portfolio value fell 4.9% quarter-over-quarter to $23.6B.
Based on Bridgewater Associates's 13F filing for Q2 2022, filed 11 Aug 2022.