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 |
iShares MSCI Emerging Markets ETF
EEM
|
+$253M |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$149M |
| 3 |
Apple
AAPL
|
+$22.9M |
| 4 |
GE Aerospace
GE
|
+$22.3M |
| 5 |
JNPR
Juniper Networks
JNPR
|
+$20.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gen Digital
GEN
|
+$22.1M |
| 2 |
Johnson & Johnson
JNJ
|
+$19.9M |
| 3 |
Cisco
CSCO
|
+$14M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$11.7M |
| 5 |
CELG
Celgene Corp
CELG
|
+$9.94M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.04% |
| 2 | Energy | 2.47% |
| 3 | Materials | 1.34% |
| 4 | Industrials | 0.97% |
| 5 | Consumer Discretionary | 0.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ALTR
51
DELISTED
Altera Corp
ALTR
| $9.74M | 0.07% |
280,349
+170,686
| +156% | +$5.77M |
|
|
APC
52
DELISTED
Anadarko Petroleum
APC
| $9.51M | 0.07% |
86,900
-25,500
| -23% | -$2.6M |
|
53
Las Vegas Sands
LVS
$29.6B
| $9.34M | 0.07% |
122,554
-92,930
| -43% | -$7.07M |
|
54
Enbridge
ENB
$112B
| $9.26M | 0.07% |
194,700
+90,100
| +86% | +$4.27M |
|
55
Wheaton Precious Metals
WPM
$60.9B
| $8.99M | 0.07% |
342,061
+5,200
| +2% | +$116K |
|
56
Western Union
WU
$2.21B
| $8.98M | 0.07% |
518,089
-59,411
| -10% | -$960K |
|
57
NVIDIA
NVDA
$5.42T
| $8.82M | 0.07% |
19,035,080
+6,138,120
| +48% | +$2.87M |
|
58
Southern Copper
SCCO
$166B
| $8.77M | 0.07% |
311,601
-93,160
| -23% | -$2.57M |
|
59
Duke Energy
DUK
$97.3B
| $8.65M | 0.06% |
116,534
+98,500
| +546% | +$7.08M |
|
60
Valero Energy
VLO
$85.9B
| $8.64M | 0.06% |
172,457
+126,200
| +273% | +$6.96M |
|
61
HP
HPQ
$27.5B
| $8.41M | 0.06% |
+549,619
| New | +$8.26M |
|
62
Salesforce
CRM
$158B
| $8.09M | 0.06% |
139,352
+100,800
| +261% | +$5.44M |
|
63
TC Energy
TRP
$65.9B
| $7.91M | 0.06% |
165,400
+77,300
| +88% | +$3.61M |
|
64
RTX Corp
RTX
$301B
| $7.88M | 0.06% |
108,465
-67,692
| -38% | -$4.98M |
|
|
MXIM
65
DELISTED
Maxim Integrated Products
MXIM
| $7.74M | 0.06% |
228,866
+89,673
| +64% | +$2.99M |
|
66
Applied Materials
AMAT
$428B
| $7.68M | 0.06% |
340,799
+138,100
| +68% | +$2.82M |
|
67
Microchip Technology
MCHP
$46B
| $7.66M | 0.06% |
313,958
+135,640
| +76% | +$3.23M |
|
|
CA
68
DELISTED
CA, Inc.
CA
| $7.61M | 0.06% |
+264,746
| New | +$7.83M |
|
69
Franco-Nevada
FNV
$46B
| $7.44M | 0.06% |
129,428
+10,500
| +9% | +$512K |
|
|
RTN
70
DELISTED
Raytheon Company
RTN
| $7.38M | 0.06% |
79,998
+45,520
| +132% | +$4.41M |
|
71
VeriSign
VRSN
$26.6B
| $7.36M | 0.06% |
150,710
+21,772
| +17% | +$1.09M |
|
72
APA Corp
APA
$13.3B
| $7.32M | 0.05% |
72,699
-39,000
| -35% | -$3.53M |
|
73
Emerson Electric
EMR
$88.3B
| $7.23M | 0.05% |
108,979
-24,309
| -18% | -$1.63M |
|
74
Fossil Group
FOSL
$318M
| $7.16M | 0.05% |
68,521
+58,682
| +596% | +$6.27M |
|
|
CTRA
75
DELISTED
Coterra Energy
CTRA
| $7.11M | 0.05% |
208,330
+129,830
| +165% | +$4.65M |
|
Similar funds
Ray Dalio's Q2 2014 Portfolio in Review
As of Q2 2014, Ray Dalio held 404 positions worth $13.3B, up 9.2% from $12.2B the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Ray Dalio deployed $438M of net new capital in Q2 2014, opening 65 new positions and adding to 128 existing holdings. Its largest new stake was Bed Bath & Beyond Inc: 255,200 shares worth $14.6M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.6% a quarter earlier, followed by Energy and Materials.
On the sell side, the largest reduction was Gen Digital, an estimated $22.1M trimmed.
- Ray Dalio's largest Q2 2014 buy was Bed Bath & Beyond Inc: 255,200 shares worth $14.6M.
- Ray Dalio added most to iShares MSCI Emerging Markets ETF in Q2 2014, an estimated $253M increase.
- Ray Dalio's biggest Q2 2014 reduction was Gen Digital, cutting an estimated $22.1M.
- Ray Dalio fully exited Berkshire Hathaway Class B in Q2 2014, selling an estimated $11.7M.
- Ray Dalio's ten largest holdings make up 90% of its $13.3B portfolio in Q2 2014.
- Ray Dalio opened 65 new positions and closed 101 in Q2 2014.
- Ray Dalio's portfolio value rose 9.2% quarter-over-quarter to $13.3B.
Based on Bridgewater Associates's 13F filing for Q2 2014, filed 12 Aug 2014.