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 | |
|---|---|---|---|---|---|---|
626
Darling Ingredients
DAR
$9.44B
| $1.44M | 0.01% |
21,707
-10,337
| -32% | -$721K |
|
627
Voya Financial
VOYA
$9.19B
| $1.43M | 0.01% |
23,676
+15,660
| +195% | +$957K |
|
628
BioLife Solutions
BLFS
$1.7B
| $1.43M | 0.01% |
62,642
+287
| +0.5% | +$6.14K |
|
629
Ulta Beauty
ULTA
$24.3B
| $1.42M | 0.01% |
3,545
+2,405
| +211% | +$969K |
|
630
Asbury Automotive
ABG
$3.85B
| $1.41M | 0.01% |
9,311
-5,408
| -37% | -$921K |
|
631
Old Republic International
ORI
$10.4B
| $1.4M | 0.01% |
66,716
-10,064
| -13% | -$227K |
|
632
US Foods
USFD
$24B
| $1.4M | 0.01% |
52,782
-16,504
| -24% | -$512K |
|
633
Fortive
FTV
$18.6B
| $1.38M | 0.01% |
31,441
-3,207
| -9% | -$150K |
|
634
Nordson
NDSN
$17.3B
| $1.38M | 0.01% |
6,488
+2,263
| +54% | +$507K |
|
635
Broadcom
AVGO
$2.04T
| $1.38M | 0.01% |
+31,000
| New | +$1.58M |
|
636
National Healthcare
NHC
$3.38B
| $1.37M | 0.01% |
21,590
+28
| +0.1% | +$1.95K |
|
637
EPR Properties
EPR
$4.77B
| $1.36M | 0.01% |
+37,869
| New | +$1.79M |
|
638
Entergy
ETR
$50B
| $1.35M | 0.01% |
26,940
-44,172
| -62% | -$2.53M |
|
639
Southwest Airlines
LUV
$23B
| $1.34M | 0.01% |
43,559
-136,848
| -76% | -$5.13M |
|
640
Uber
UBER
$153B
| $1.34M | 0.01% |
50,620
-173,191
| -77% | -$4.78M |
|
641
Popular Inc
BPOP
$11.1B
| $1.34M | 0.01% |
18,592
+12,550
| +208% | +$976K |
|
642
Valley National Bancorp
VLY
$8.04B
| $1.34M | 0.01% |
123,933
+90,939
| +276% | +$1.05M |
|
643
Zebra Technologies
ZBRA
$17.8B
| $1.33M | 0.01% |
5,091
+890
| +21% | +$275K |
|
644
Alexandria Real Estate Equities
ARE
$8.56B
| $1.33M | 0.01% |
9,499
-15,092
| -61% | -$2.32M |
|
|
SNV
645
DELISTED
Synovus
SNV
| $1.33M | 0.01% |
35,375
+23,822
| +206% | +$945K |
|
646
Pultegroup
PHM
$25.3B
| $1.33M | 0.01% |
35,365
-532,652
| -94% | -$22.4M |
|
647
Wabtec
WAB
$49.3B
| $1.32M | 0.01% |
16,276
+12,585
| +341% | +$1.11M |
|
648
F5
FFIV
$22.7B
| $1.32M | 0.01% |
9,112
-14,548
| -61% | -$2.3M |
|
649
Mercado Libre
MELI
$92.3B
| $1.3M | 0.01% |
+1,570
| New | +$1.35M |
|
650
Marvell Technology
MRVL
$196B
| $1.3M | 0.01% |
30,210
+23,220
| +332% | +$1.15M |
|
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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.