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 |
Alibaba
BABA
|
+$142M |
| 2 |
Procter & Gamble
PG
|
+$74.5M |
| 3 |
PepsiCo
PEP
|
+$60.9M |
| 4 |
Pinduoduo
PDD
|
+$58.5M |
| 5 |
Johnson & Johnson
JNJ
|
+$56.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$565M |
| 2 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$337M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$335M |
| 4 |
Walmart Inc
WMT
|
+$314M |
| 5 |
Danaher
DHR
|
+$214M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 27.98% |
| 2 | Consumer Discretionary | 17.74% |
| 3 | Healthcare | 17.12% |
| 4 | Industrials | 3.53% |
| 5 | Financials | 3.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
676
TransDigm Group
TDG
$67.7B
| $377K | ﹤0.01% |
592
-371
| -39% | -$232K |
|
677
eBay
EBAY
$49.7B
| $363K | ﹤0.01% |
5,453
-1,704
| -24% | -$122K |
|
678
GE Aerospace
GE
$384B
| $363K | ﹤0.01% |
+6,160
| New | +$387K |
|
|
SGFY
679
DELISTED
Signify Health, Inc.
SGFY
| $352K | ﹤0.01% |
24,788
-121,691
| -83% | -$1.88M |
|
680
MDU Resources
MDU
$4.3B
| $349K | ﹤0.01% |
+29,789
| New | +$336K |
|
681
Novavax
NVAX
$1.31B
| $349K | ﹤0.01% |
2,440
+1,303
| +115% | +$224K |
|
682
Brunswick
BC
$5.28B
| $348K | ﹤0.01% |
+3,455
| New | +$338K |
|
683
Baker Hughes
BKR
$61.1B
| $347K | ﹤0.01% |
14,425
-1,180
| -8% | -$29.1K |
|
684
AXIS Capital
AXS
$7.55B
| $341K | ﹤0.01% |
+6,260
| New | +$324K |
|
685
Zoetis
ZTS
$30.5B
| $339K | ﹤0.01% |
1,390
-7,668
| -85% | -$1.68M |
|
686
WEX
WEX
$6.31B
| $326K | ﹤0.01% |
+2,325
| New | +$355K |
|
687
Tilray
TLRY
$622M
| $320K | ﹤0.01% |
+4,538
| New | +$457K |
|
|
PVG
688
DELISTED
PRETIUM RESOURCES INC.
PVG
| $319K | ﹤0.01% |
22,583
-14,060
| -38% | -$179K |
|
689
National Fuel Gas
NFG
$7.65B
| $318K | ﹤0.01% |
+4,974
| New | +$297K |
|
690
Brookdale Senior Living
BKD
$3.4B
| $314K | ﹤0.01% |
+60,932
| New | +$380K |
|
691
Idacorp
IDA
$8.2B
| $314K | ﹤0.01% |
+2,770
| New | +$295K |
|
692
S&P Global
SPGI
$120B
| $314K | ﹤0.01% |
+666
| New | +$305K |
|
693
IAMGOLD
IAG
$10.6B
| $312K | ﹤0.01% |
99,970
+8,137
| +9% | +$23.9K |
|
|
LAC
694
DELISTED
Lithium Americas Corp. Common Shares
LAC
| $310K | ﹤0.01% |
+10,637
| New | +$318K |
|
695
Dick's Sporting Goods
DKS
$18.7B
| $302K | ﹤0.01% |
+2,622
| New | +$314K |
|
696
Colliers International
CIGI
$5.19B
| $287K | ﹤0.01% |
1,923
-1,100
| -36% | -$156K |
|
697
Halliburton
HAL
$26.6B
| $287K | ﹤0.01% |
+12,571
| New | +$298K |
|
698
Capitol Federal Financial
CFFN
$1.1B
| $281K | ﹤0.01% |
24,808
-28,300
| -53% | -$334K |
|
699
Nexstar Media Group
NXST
$5.92B
| $279K | ﹤0.01% |
1,845
+388
| +27% | +$60.1K |
|
700
Micron Technology
MU
$991B
| $276K | ﹤0.01% |
+2,968
| New | +$232K |
|
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Ray Dalio's Q4 2021 Portfolio in Review
As of Q4 2021, Ray Dalio held 820 positions worth $17.2B, down 5.8% from $18.3B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Ray Dalio withdrew a net $1.89B in Q4 2021, closing 89 positions and reducing 292 holdings. Its most notable exit was Ecolab, an estimated $14.2M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Ray Dalio opened a new position in RTX Corp worth $16M.
- Ray Dalio's largest Q4 2021 buy was RTX Corp: 186,232 shares worth $16M.
- Ray Dalio added most to Alibaba in Q4 2021, an estimated $142M increase.
- Ray Dalio's biggest Q4 2021 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $565M.
- Ray Dalio fully exited Ecolab in Q4 2021, selling an estimated $14.2M.
- Ray Dalio's ten largest holdings make up 36% of its $17.2B portfolio in Q4 2021.
- Ray Dalio opened 137 new positions and closed 89 in Q4 2021.
- Ray Dalio's portfolio value fell 5.8% quarter-over-quarter to $17.2B.
Based on Bridgewater Associates's 13F filing for Q4 2021, filed 14 Feb 2022.