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 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$131M |
| 2 |
Gen Digital
GEN
|
+$20.4M |
| 3 |
Microsoft
MSFT
|
+$18.2M |
| 4 |
Intel
INTC
|
+$17M |
| 5 |
Gilead Sciences
GILD
|
+$16.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$307M |
| 2 |
American Express
AXP
|
+$18.2M |
| 3 |
PepsiCo
PEP
|
+$16.8M |
| 4 |
Intuitive Surgical
ISRG
|
+$15.6M |
| 5 |
CTXS
Citrix Systems Inc
CTXS
|
+$15.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.61% |
| 2 | Energy | 2.12% |
| 3 | Healthcare | 1.28% |
| 4 | Materials | 1.26% |
| 5 | Industrials | 1.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Wynn Resorts
WYNN
$10.6B
| $9.22M | 0.08% |
41,505
+4,600
| +12% | +$1.01M |
|
52
Pultegroup
PHM
$25.3B
| $8.99M | 0.07% |
468,514
+161,600
| +53% | +$3.19M |
|
|
JNPR
53
DELISTED
Juniper Networks
JNPR
| $8.95M | 0.07% |
347,582
+186,379
| +116% | +$4.87M |
|
54
Emerson Electric
EMR
$88.3B
| $8.9M | 0.07% |
+133,288
| New | +$8.77M |
|
|
BRCM
55
DELISTED
BROADCOM CORP CL-A
BRCM
| $8.85M | 0.07% |
281,328
-327,500
| -54% | -$9.86M |
|
|
WFM
56
DELISTED
Whole Foods Market Inc
WFM
| $8.67M | 0.07% |
170,946
+107,046
| +168% | +$5.7M |
|
57
Boeing
BA
$185B
| $8.49M | 0.07% |
67,641
+46,600
| +221% | +$6.07M |
|
58
MGM Resorts International
MGM
$11.2B
| $8.47M | 0.07% |
327,488
+41,800
| +15% | +$1.08M |
|
59
Altria Group
MO
$114B
| $8.44M | 0.07% |
225,400
+159,300
| +241% | +$5.79M |
|
60
Booking.com
BKNG
$161B
| $8.22M | 0.07% |
172,500
+142,500
| +475% | +$7.03M |
|
|
PCP
61
DELISTED
PRECISION CASTPARTS CORP
PCP
| $8.22M | 0.07% |
+32,509
| New | +$8.41M |
|
62
United Rentals
URI
$72.4B
| $8.17M | 0.07% |
86,100
+74,300
| +630% | +$6.3M |
|
63
Carnival Corporation Ltd
CCL
$39.7B
| $8.06M | 0.07% |
+212,835
| New | +$8.44M |
|
64
C.H. Robinson
CHRW
$17.5B
| $7.73M | 0.06% |
147,594
+21,471
| +17% | +$1.17M |
|
|
ALXN
65
DELISTED
Alexion Pharmaceuticals
ALXN
| $7.66M | 0.06% |
+50,371
| New | +$8.01M |
|
66
Wheaton Precious Metals
WPM
$60.9B
| $7.65M | 0.06% |
336,861
+33,761
| +11% | +$796K |
|
|
ESRX
67
DELISTED
Express Scripts Holding Company
ESRX
| $7.5M | 0.06% |
99,888
-42,800
| -30% | -$3.2M |
|
68
Texas Instruments
TXN
$261B
| $7.49M | 0.06% |
158,858
+78,300
| +97% | +$3.46M |
|
69
NetApp
NTAP
$37.2B
| $7.41M | 0.06% |
200,804
+80,057
| +66% | +$3.24M |
|
70
Kroger
KR
$34.8B
| $7.41M | 0.06% |
339,354
+287,354
| +553% | +$5.72M |
|
|
MON
71
DELISTED
Monsanto Co
MON
| $7.03M | 0.06% |
+61,830
| New | +$6.88M |
|
72
Cenovus Energy
CVE
$52.1B
| $7.01M | 0.06% |
242,000
-24,100
| -9% | -$643K |
|
73
VeriSign
VRSN
$26.6B
| $6.95M | 0.06% |
128,938
-20,838
| -14% | -$1.18M |
|
74
Intercontinental Exchange
ICE
$84.4B
| $6.9M | 0.06% |
174,500
+156,500
| +869% | +$6.6M |
|
|
RAD
75
DELISTED
Rite Aid Corporation
RAD
| $6.81M | 0.06% |
54,295
+47,675
| +720% | +$5.81M |
|
Similar funds
Ray Dalio's Q1 2014 Portfolio in Review
As of Q1 2014, Ray Dalio held 416 positions worth $12.2B, down 1.9% from $12.5B the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Ray Dalio's Q1 2014 filing shows 123 new, 75 increased, 132 reduced and 77 closed positions. Its largest new stake was Berkshire Hathaway Class B: 93,308 shares worth $11.7M. The largest sale was iShares MSCI Emerging Markets ETF, an estimated $307M.
By sector, the portfolio is most concentrated in Technology at 2.6% of assets, up from 2.4% a quarter earlier, followed by Energy and Healthcare.
- Ray Dalio's largest Q1 2014 buy was Berkshire Hathaway Class B: 93,308 shares worth $11.7M.
- Ray Dalio added most to Vanguard FTSE Emerging Markets ETF in Q1 2014, an estimated $131M increase.
- Ray Dalio's biggest Q1 2014 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $307M.
- Ray Dalio fully exited American Express in Q1 2014, selling an estimated $18.2M.
- Ray Dalio's ten largest holdings make up 89% of its $12.2B portfolio in Q1 2014.
- Ray Dalio opened 123 new positions and closed 77 in Q1 2014.
- Ray Dalio's portfolio value fell 1.9% quarter-over-quarter to $12.2B.
Based on Bridgewater Associates's 13F filing for Q1 2014, filed 14 May 2014.