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
|
+$118M |
| 2 |
JPMorgan Chase
JPM
|
+$87.7M |
| 3 |
Bank of America
BAC
|
+$66.7M |
| 4 |
Citigroup
C
|
+$58.3M |
| 5 |
Wells Fargo
WFC
|
+$33.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$227M |
| 2 |
Johnson & Johnson
JNJ
|
+$198M |
| 3 |
Coca-Cola
KO
|
+$184M |
| 4 |
PepsiCo
PEP
|
+$179M |
| 5 |
McDonald's
MCD
|
+$141M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 27.91% |
| 2 | Healthcare | 19.75% |
| 3 | Financials | 10.48% |
| 4 | Consumer Discretionary | 9.62% |
| 5 | Communication Services | 3.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
Astrana Health
ASTH
$1.77B
| $1.16M | 0.01% |
39,221
-10,291
| -21% | -$331K |
|
627
BJ's Restaurants
BJRI
$1.48B
| $1.15M | 0.01% |
+43,421
| New | +$1.27M |
|
628
Millicom
TIGO
$16.3B
| $1.14M | 0.01% |
90,599
-4,543
| -5% | -$56.9K |
|
629
Weyerhaeuser
WY
$18.4B
| $1.14M | 0.01% |
36,837
-6,458
| -15% | -$200K |
|
630
Rayonier
RYN
$6.55B
| $1.12M | 0.01% |
+37,468
| New | +$1.15M |
|
631
Marvell Technology
MRVL
$196B
| $1.12M | 0.01% |
30,210
| – | – |
|
632
Bank of Hawaii
BOH
$3.13B
| $1.12M | 0.01% |
14,418
+4,596
| +47% | +$356K |
|
|
CCRN
633
DELISTED
Cross Country Healthcare
CCRN
| $1.1M | 0.01% |
41,418
-15,290
| -27% | -$499K |
|
634
Horace Mann Educators
HMN
$2.11B
| $1.07M | 0.01% |
28,753
+7,675
| +36% | +$289K |
|
635
Commercial Metals
CMC
$8.31B
| $1.07M | 0.01% |
22,190
-5,467
| -20% | -$251K |
|
636
Alkermes
ALKS
$8.25B
| $1.06M | 0.01% |
40,537
+12,311
| +44% | +$295K |
|
637
LeMaitre Vascular
LMAT
$1.86B
| $1.06M | 0.01% |
22,972
-7,863
| -26% | -$368K |
|
638
Hawaiian Electric Industries
HE
$2.14B
| $1.06M | 0.01% |
25,250
+8,067
| +47% | +$311K |
|
639
Hasbro
HAS
$13.2B
| $1.05M | 0.01% |
17,279
+11,586
| +204% | +$724K |
|
640
Lennar Class A
LEN
$21.2B
| $1.05M | 0.01% |
12,010
-16,070
| -57% | -$1.3M |
|
641
Palantir
PLTR
$413B
| $1.04M | 0.01% |
162,363
-555,053
| -77% | -$4.21M |
|
642
D.R. Horton
DHI
$42.3B
| $1.03M | 0.01% |
11,608
-25,901
| -69% | -$2.08M |
|
643
Tronox
TROX
$1.04B
| $1.01M | 0.01% |
73,838
-220,505
| -75% | -$2.93M |
|
644
Mesa Laboratories
MLAB
$574M
| $1M | 0.01% |
6,036
-2,029
| -25% | -$318K |
|
645
FIGS
FIGS
$2.37B
| $977K | 0.01% |
145,197
-48,385
| -25% | -$348K |
|
|
SEE
646
DELISTED
Sealed Air
SEE
| $976K | 0.01% |
19,572
-169,978
| -90% | -$8.29M |
|
647
Monolithic Power Systems
MPWR
$68.9B
| $975K | 0.01% |
2,757
-19,152
| -87% | -$6.88M |
|
|
SPTN
648
DELISTED
SpartanNash
SPTN
| $969K | 0.01% |
32,034
-23,437
| -42% | -$763K |
|
649
Navient
NAVI
$853M
| $954K | 0.01% |
57,986
-88,013
| -60% | -$1.39M |
|
650
National Healthcare
NHC
$3.38B
| $948K | 0.01% |
15,933
-5,657
| -26% | -$343K |
|
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Ray Dalio's Q4 2022 Portfolio in Review
As of Q4 2022, Ray Dalio held 953 positions worth $18.3B, down 7.3% from $19.8B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ray Dalio withdrew a net $3.25B in Q4 2022, closing 133 positions and reducing 457 holdings. Its most notable exit was Advanced Micro Devices, an estimated $45.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, down from 30% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Ray Dalio opened a new position in JPMorgan Chase worth $92.8M.
- Ray Dalio's largest Q4 2022 buy was JPMorgan Chase: 692,356 shares worth $92.8M.
- Ray Dalio added most to iShares Core S&P 500 ETF in Q4 2022, an estimated $118M increase.
- Ray Dalio's biggest Q4 2022 reduction was Procter & Gamble, cutting an estimated $227M.
- Ray Dalio fully exited Advanced Micro Devices in Q4 2022, selling an estimated $45.8M.
- Ray Dalio's ten largest holdings make up 32% of its $18.3B portfolio in Q4 2022.
- Ray Dalio opened 87 new positions and closed 133 in Q4 2022.
- Ray Dalio's portfolio value fell 7.3% quarter-over-quarter to $18.3B.
Based on Bridgewater Associates's 13F filing for Q4 2022, filed 13 Feb 2023.