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 | |
|---|---|---|---|---|---|---|
|
SPWR
651
DELISTED
SunPower Corporation Common Stock
SPWR
| $1.28M | 0.01% |
55,695
-21,102
| -27% | -$475K |
|
652
AGCO
AGCO
$7.2B
| $1.27M | 0.01% |
13,224
+5,815
| +78% | +$605K |
|
653
Fulgent Genetics
FLGT
$527M
| $1.27M | 0.01% |
33,318
+1,374
| +4% | +$68.9K |
|
654
Alliant Energy
LNT
$18B
| $1.26M | 0.01% |
23,802
-20,214
| -46% | -$1.22M |
|
655
Northern Trust
NTRS
$33.9B
| $1.26M | 0.01% |
14,714
-1,749
| -11% | -$169K |
|
656
Spotify
SPOT
$100B
| $1.26M | 0.01% |
14,586
-9,167
| -39% | -$981K |
|
657
GATX Corp
GATX
$6.27B
| $1.26M | 0.01% |
14,754
-11,424
| -44% | -$1.1M |
|
|
CUTR
658
DELISTED
Cutera, Inc.
CUTR
| $1.25M | 0.01% |
27,470
+2,420
| +10% | +$110K |
|
659
Weyerhaeuser
WY
$18.4B
| $1.24M | 0.01% |
43,295
-618,808
| -93% | -$21.1M |
|
660
Dick's Sporting Goods
DKS
$18.7B
| $1.23M | 0.01% |
11,787
+1,683
| +17% | +$171K |
|
661
AngioDynamics
ANGO
$649M
| $1.23M | 0.01% |
60,115
+296
| +0.5% | +$6.5K |
|
|
ATRI
662
DELISTED
Atrion Corp
ATRI
| $1.23M | 0.01% |
2,168
-15
| -0.7% | -$9.32K |
|
663
Workday
WDAY
$44.4B
| $1.21M | 0.01% |
7,949
+4,721
| +146% | +$739K |
|
664
Unity
U
$18.9B
| $1.21M | 0.01% |
37,942
+14,166
| +60% | +$583K |
|
665
Coty
COTY
$2.48B
| $1.2M | 0.01% |
+190,334
| New | +$1.44M |
|
666
Outset Medical
OM
$90.8M
| $1.2M | 0.01% |
5,022
+14
| +0.3% | +$3.75K |
|
667
Itron
ITRI
$4.54B
| $1.2M | 0.01% |
28,463
-5,286
| -16% | -$263K |
|
668
NRC Health Common Stock
NRC
$450M
| $1.18M | 0.01% |
29,733
-103
| -0.3% | -$3.81K |
|
669
Flex
FLEX
$44.8B
| $1.18M | 0.01% |
94,046
+21,750
| +30% | +$278K |
|
|
HSKA
670
DELISTED
Heska Corp
HSKA
| $1.18M | 0.01% |
16,198
+9
| +0.1% | +$795 |
|
671
Cintas
CTAS
$81.3B
| $1.18M | 0.01% |
12,156
-62,704
| -84% | -$6.4M |
|
672
CrowdStrike
CRWD
$218B
| $1.18M | 0.01% |
+28,560
| New | +$1.31M |
|
|
VNET
673
VNET Group
VNET
$2.09B
| $1.17M | 0.01% |
212,824
-8,601
| -4% | -$45.3K |
|
674
Pinnacle West Capital
PNW
$12.2B
| $1.16M | 0.01% |
17,945
-2,061
| -10% | -$152K |
|
675
Bank OZK
OZK
$5.61B
| $1.14M | 0.01% |
28,873
+19,230
| +199% | +$774K |
|
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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.