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 | |
|---|---|---|---|---|---|---|
676
Ingredion
INGR
$6.58B
| $1.14M | 0.01% |
+14,162
| New | +$1.24M |
|
|
ACCD
677
DELISTED
Accolade Inc
ACCD
| $1.14M | 0.01% |
99,778
+10,839
| +12% | +$118K |
|
678
lululemon athletica
LULU
$14.6B
| $1.14M | 0.01% |
4,070
-61,233
| -94% | -$19M |
|
679
Mesa Laboratories
MLAB
$574M
| $1.14M | 0.01% |
8,065
+88
| +1% | +$16.1K |
|
680
Bio-Techne
TECH
$11.3B
| $1.13M | 0.01% |
15,848
-2,876
| -15% | -$249K |
|
681
United Rentals
URI
$72.4B
| $1.12M | 0.01% |
4,161
-33,960
| -89% | -$9.88M |
|
|
CTLT
682
DELISTED
CATALENT, INC.
CTLT
| $1.12M | 0.01% |
15,481
-5,028
| -25% | -$499K |
|
683
Welltower
WELL
$171B
| $1.12M | 0.01% |
17,386
-200,731
| -92% | -$15.7M |
|
684
Trade Desk
TTD
$6.49B
| $1.11M | 0.01% |
18,554
-97,100
| -84% | -$5.53M |
|
685
Ingersoll Rand
IR
$33.7B
| $1.11M | 0.01% |
25,567
+18,177
| +246% | +$856K |
|
686
Curtiss-Wright
CW
$25.5B
| $1.1M | 0.01% |
7,929
-1,621
| -17% | -$230K |
|
687
Graco
GGG
$13.5B
| $1.1M | 0.01% |
18,404
+6,075
| +49% | +$390K |
|
688
Millicom
TIGO
$16.3B
| $1.09M | 0.01% |
95,142
+37,206
| +64% | +$520K |
|
689
Lowe's Companies
LOW
$125B
| $1.07M | 0.01% |
5,721
-395,585
| -99% | -$77M |
|
690
Wynn Resorts
WYNN
$10.6B
| $1.07M | 0.01% |
+17,023
| New | +$1.06M |
|
691
UGI
UGI
$7.33B
| $1.07M | 0.01% |
33,016
-4,158
| -11% | -$164K |
|
692
NiSource
NI
$20.4B
| $1.07M | 0.01% |
42,300
-5,542
| -12% | -$163K |
|
693
GoodRx Holdings
GDRX
$1.26B
| $1.05M | 0.01% |
224,817
-15,602
| -6% | -$98.4K |
|
694
Constellium
CSTM
$3.99B
| $1.04M | 0.01% |
102,572
-2,814
| -3% | -$37.3K |
|
695
Liberty Global Class C
LBTYK
$3.49B
| $1.04M | 0.01% |
62,782
+5,619
| +10% | +$119K |
|
696
Bentley Systems
BSY
$10.6B
| $1.03M | 0.01% |
33,703
+12,693
| +60% | +$464K |
|
697
Domino's
DPZ
$11.6B
| $1.03M | 0.01% |
3,306
-8,520
| -72% | -$3.23M |
|
698
OrthoPediatrics
KIDS
$595M
| $1.01M | 0.01% |
21,888
-826
| -4% | -$40.5K |
|
699
Essential Utilities
WTRG
$11.4B
| $1M | 0.01% |
24,203
-19,357
| -44% | -$938K |
|
|
SGI
700
Somnigroup International
SGI
$13.7B
| $988K | 0.01% |
40,911
-495,304
| -92% | -$12.8M |
|
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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.