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 |
Alphabet (Google) Class A
GOOGL
|
+$476M |
| 2 |
Apple
AAPL
|
+$335M |
| 3 |
NVIDIA
NVDA
|
+$316M |
| 4 |
Amazon
AMZN
|
+$175M |
| 5 |
Microsoft
MSFT
|
+$155M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinduoduo
PDD
|
+$117M |
| 2 |
Costco
COST
|
+$109M |
| 3 |
Coca-Cola
KO
|
+$103M |
| 4 |
Cisco
CSCO
|
+$90M |
| 5 |
Procter & Gamble
PG
|
+$84.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 18.93% |
| 2 | Healthcare | 17.5% |
| 3 | Technology | 13.05% |
| 4 | Consumer Discretionary | 11.08% |
| 5 | Communication Services | 9.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
651
Parsons
PSN
$5.08B
| $331K | ﹤0.01% |
+3,989
| New | +$291K |
|
652
Weibo
WB
$1.95B
| $329K | ﹤0.01% |
36,181
-126,558
| -78% | -$1.15M |
|
653
NVR
NVR
$17B
| $324K | ﹤0.01% |
40
-816
| -95% | -$6.06M |
|
654
Eversource Energy
ES
$27.2B
| $317K | ﹤0.01% |
5,301
-4,157
| -44% | -$239K |
|
655
Charles River Laboratories
CRL
$12.8B
| $298K | ﹤0.01% |
1,100
-1,665
| -60% | -$398K |
|
656
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.92B
| $298K | ﹤0.01% |
3,126
| – | – |
|
657
BioMarin Pharmaceuticals
BMRN
$12.3B
| $294K | ﹤0.01% |
3,366
-187,604
| -98% | -$16.8M |
|
658
Bio-Techne
TECH
$11.3B
| $287K | ﹤0.01% |
4,082
-3,220
| -44% | -$230K |
|
659
Halozyme
HALO
$12.2B
| $287K | ﹤0.01% |
7,062
| – | – |
|
660
Cummins
CMI
$88.7B
| $282K | ﹤0.01% |
958
-33,671
| -97% | -$8.68M |
|
661
Alcoa
AA
$13.2B
| $273K | ﹤0.01% |
8,071
-22,835
| -74% | -$668K |
|
662
Itron
ITRI
$4.54B
| $270K | ﹤0.01% |
2,921
-6,039
| -67% | -$486K |
|
663
Morgan Stanley
MS
$340B
| $268K | ﹤0.01% |
2,846
-1,637
| -37% | -$144K |
|
664
ConocoPhillips
COP
$141B
| $265K | ﹤0.01% |
2,083
-745
| -26% | -$85K |
|
665
Atmus Filtration Technologies
ATMU
$4.18B
| $256K | ﹤0.01% |
+7,944
| New | +$190K |
|
666
West Fraser Timber
WFG
$5.65B
| $252K | ﹤0.01% |
2,919
-3,114
| -52% | -$255K |
|
667
Fidelity National Financial
FNF
$13.5B
| $250K | ﹤0.01% |
4,717
-192
| -4% | -$9.68K |
|
668
Macerich
MAC
$6.92B
| $238K | ﹤0.01% |
13,791
-26,821
| -66% | -$437K |
|
669
Ormat Technologies
ORA
$6.64B
| $220K | ﹤0.01% |
3,326
-17,252
| -84% | -$1.15M |
|
|
AGR
670
DELISTED
Avangrid, Inc.
AGR
| $216K | ﹤0.01% |
5,917
-12,739
| -68% | -$416K |
|
671
UDR
UDR
$12.3B
| $212K | ﹤0.01% |
5,668
-4,742
| -46% | -$174K |
|
672
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.2B
| $204K | ﹤0.01% |
7,169
-13,107
| -65% | -$328K |
|
673
Millicom
TIGO
$16.3B
| $203K | ﹤0.01% |
10,055
-21,794
| -68% | -$387K |
|
674
Alkermes
ALKS
$8.25B
| $200K | ﹤0.01% |
7,400
-33,584
| -82% | -$954K |
|
675
California Water Service
CWT
$3.12B
| $200K | ﹤0.01% |
4,305
-11,390
| -73% | -$534K |
|
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Ray Dalio's Q1 2024 Portfolio in Review
As of Q1 2024, Ray Dalio held 814 positions worth $19.8B, up 11% from $17.9B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ray Dalio's Q1 2024 filing shows 72 new, 203 increased, 394 reduced and 137 closed positions. Its largest new stake was Amazon: 1,047,891 shares worth $189M. The largest sale was Pinduoduo, an estimated $117M.
By sector, the portfolio is most concentrated in Consumer Staples at 19% of assets, down from 24% a quarter earlier, followed by Healthcare and Technology.
- Ray Dalio's largest Q1 2024 buy was Amazon: 1,047,891 shares worth $189M.
- Ray Dalio added most to Alphabet (Google) Class A in Q1 2024, an estimated $476M increase.
- Ray Dalio's biggest Q1 2024 reduction was Pinduoduo, cutting an estimated $117M.
- Ray Dalio fully exited American Homes 4 Rent in Q1 2024, selling an estimated $21.4M.
- Ray Dalio's ten largest holdings make up 32% of its $19.8B portfolio in Q1 2024.
- Ray Dalio opened 72 new positions and closed 137 in Q1 2024.
- Ray Dalio's portfolio value rose 11% quarter-over-quarter to $19.8B.
Based on Bridgewater Associates's 13F filing for Q1 2024, filed 14 May 2024.