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 |
Amazon
AMZN
|
+$293M |
| 2 |
Microsoft
MSFT
|
+$216M |
| 3 |
ExxonMobil
XOM
|
+$92M |
| 4 |
Cameco
CCJ
|
+$87.2M |
| 5 |
Advanced Micro Devices
AMD
|
+$67.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$256M |
| 2 |
Eli Lilly
LLY
|
+$148M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$140M |
| 4 |
Comcast
CMCSA
|
+$88.8M |
| 5 |
Procter & Gamble
PG
|
+$83.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 18.04% |
| 2 | Healthcare | 14.75% |
| 3 | Technology | 14.42% |
| 4 | Consumer Discretionary | 12.13% |
| 5 | Communication Services | 8.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AVDX
701
DELISTED
AvidXchange
AVDX
| $788K | ﹤0.01% |
+65,310
| New | +$746K |
|
702
Palomar
PLMR
$3.45B
| $779K | ﹤0.01% |
+9,594
| New | +$782K |
|
703
John Wiley & Sons Class A
WLY
$2.66B
| $776K | ﹤0.01% |
+19,073
| New | +$727K |
|
704
Alarm.com
ALRM
$2.85B
| $766K | ﹤0.01% |
+12,063
| New | +$797K |
|
705
J&J Snack Foods
JJSF
$1.71B
| $751K | ﹤0.01% |
4,624
-15,045
| -76% | -$2.3M |
|
706
Greif
GEF
$5.04B
| $740K | ﹤0.01% |
+12,875
| New | +$813K |
|
707
Virtus Investment Partners
VRTS
$1.1B
| $732K | ﹤0.01% |
+3,239
| New | +$737K |
|
708
Maplebear
CART
$11.8B
| $724K | ﹤0.01% |
+22,524
| New | +$775K |
|
709
Nu Skin
NUS
$267M
| $723K | ﹤0.01% |
68,590
-10,300
| -13% | -$131K |
|
710
Allegion
ALLE
$14.4B
| $722K | ﹤0.01% |
+6,110
| New | +$753K |
|
|
HI
711
DELISTED
Hillenbrand
HI
| $721K | ﹤0.01% |
18,016
-17,550
| -49% | -$792K |
|
|
BRSL
712
Brightstar Lottery PLC
BRSL
$2.03B
| $721K | ﹤0.01% |
+35,230
| New | +$720K |
|
713
Skywest
SKYW
$4.34B
| $714K | ﹤0.01% |
+8,699
| New | +$649K |
|
714
Inspire Medical Systems
INSP
$1.74B
| $708K | ﹤0.01% |
5,292
-527
| -9% | -$99.7K |
|
715
Cable One
CABO
$212M
| $705K | ﹤0.01% |
+1,991
| New | +$762K |
|
716
Caterpillar
CAT
$387B
| $681K | ﹤0.01% |
+2,045
| New | +$709K |
|
717
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
| $681K | ﹤0.01% |
8,826
| – | – |
|
718
LiveRamp
RAMP
$2.3B
| $678K | ﹤0.01% |
+21,908
| New | +$704K |
|
719
3M
MMM
$94.3B
| $677K | ﹤0.01% |
6,625
-9,791
| -60% | -$954K |
|
720
Olin
OLN
$2.12B
| $676K | ﹤0.01% |
14,346
-263,355
| -95% | -$14.1M |
|
721
CF Industries
CF
$17.3B
| $670K | ﹤0.01% |
9,033
-56,882
| -86% | -$4.42M |
|
722
Upbound Group
UPBD
$1.16B
| $667K | ﹤0.01% |
+21,726
| New | +$694K |
|
723
Sun Life Financial
SLF
$45.4B
| $650K | ﹤0.01% |
+13,266
| New | +$673K |
|
724
Keysight
KEYS
$58.3B
| $637K | ﹤0.01% |
+4,661
| New | +$681K |
|
725
Franklin Electric
FELE
$4.84B
| $628K | ﹤0.01% |
+6,519
| New | +$650K |
|
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Ray Dalio's Q2 2024 Portfolio in Review
As of Q2 2024, Ray Dalio held 959 positions worth $19.2B, down 3.1% from $19.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Ray Dalio withdrew a net $757M in Q2 2024, closing 82 positions and reducing 390 holdings. Its most notable exit was Marathon Oil Corporation, an estimated $28.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 18% of assets, down from 19% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Ray Dalio opened a new position in Constellation Energy worth $38.9M.
- Ray Dalio's largest Q2 2024 buy was Constellation Energy: 194,333 shares worth $38.9M.
- Ray Dalio added most to Amazon in Q2 2024, an estimated $293M increase.
- Ray Dalio's biggest Q2 2024 reduction was Apple, cutting an estimated $256M.
- Ray Dalio fully exited Marathon Oil Corporation in Q2 2024, selling an estimated $28.8M.
- Ray Dalio's ten largest holdings make up 35% of its $19.2B portfolio in Q2 2024.
- Ray Dalio opened 282 new positions and closed 82 in Q2 2024.
- Ray Dalio's portfolio value fell 3.1% quarter-over-quarter to $19.2B.
Based on Bridgewater Associates's 13F filing for Q2 2024, filed 14 Aug 2024.