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 Core S&P 500 ETF
IVV
|
+$118M |
| 2 |
JPMorgan Chase
JPM
|
+$87.7M |
| 3 |
Bank of America
BAC
|
+$66.7M |
| 4 |
Citigroup
C
|
+$58.3M |
| 5 |
Wells Fargo
WFC
|
+$33.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$227M |
| 2 |
Johnson & Johnson
JNJ
|
+$198M |
| 3 |
Coca-Cola
KO
|
+$184M |
| 4 |
PepsiCo
PEP
|
+$179M |
| 5 |
McDonald's
MCD
|
+$141M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 27.91% |
| 2 | Healthcare | 19.75% |
| 3 | Financials | 10.48% |
| 4 | Consumer Discretionary | 9.62% |
| 5 | Communication Services | 3.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
Zoom
ZM
$30.6B
| $484K | ﹤0.01% |
7,142
-3,231
| -31% | -$245K |
|
727
10x Genomics
TXG
$6.61B
| $475K | ﹤0.01% |
+13,044
| New | +$426K |
|
728
Bio-Techne
TECH
$11.3B
| $468K | ﹤0.01% |
5,645
-10,203
| -64% | -$810K |
|
729
Werner Enterprises
WERN
$2.25B
| $454K | ﹤0.01% |
11,288
-143,438
| -93% | -$5.85M |
|
730
Pultegroup
PHM
$25.3B
| $444K | ﹤0.01% |
9,761
-25,604
| -72% | -$1.08M |
|
|
TIGR
731
UP Fintech Holding
TIGR
$860M
| $438K | ﹤0.01% |
128,536
-2,033
| -2% | -$8.8K |
|
732
Clarivate
CLVT
$1.16B
| $437K | ﹤0.01% |
52,396
+41,145
| +366% | +$386K |
|
733
Lennox International
LII
$15.2B
| $428K | ﹤0.01% |
1,789
+131
| +8% | +$32.1K |
|
734
Lumen
LUMN
$6.44B
| $427K | ﹤0.01% |
+81,874
| New | +$503K |
|
|
DMC
735
Del Monte Corp
DMC
$1.45B
| $427K | ﹤0.01% |
16,292
-1,469
| -8% | -$38.7K |
|
736
Dropbox
DBX
$8.12B
| $426K | ﹤0.01% |
19,048
+4,264
| +29% | +$93.8K |
|
737
Synchrony
SYF
$25.6B
| $417K | ﹤0.01% |
+12,675
| New | +$434K |
|
738
Denali Therapeutics
DNLI
$3.97B
| $416K | ﹤0.01% |
+14,970
| New | +$445K |
|
739
Capitol Federal Financial
CFFN
$1.1B
| $416K | ﹤0.01% |
48,121
+15,348
| +47% | +$127K |
|
740
Marqeta
MQ
$1.66B
| $406K | ﹤0.01% |
+16,606
| New | +$453K |
|
741
Capital One
COF
$134B
| $401K | ﹤0.01% |
4,313
-82,352
| -95% | -$8.1M |
|
742
Installed Building Products
IBP
$6.49B
| $396K | ﹤0.01% |
+4,625
| New | +$390K |
|
|
BZUN
743
Baozun
BZUN
$172M
| $391K | ﹤0.01% |
73,705
-1,206
| -2% | -$5.76K |
|
744
Prudential Financial
PRU
$41.8B
| $387K | ﹤0.01% |
+3,890
| New | +$394K |
|
|
HUYA
745
Huya Inc
HUYA
$558M
| $385K | ﹤0.01% |
97,390
-1,541
| -2% | -$3.9K |
|
746
Alcoa
AA
$13.2B
| $375K | ﹤0.01% |
8,240
-7,188
| -47% | -$313K |
|
747
Lam Research
LRCX
$390B
| $369K | ﹤0.01% |
8,790
-430,580
| -98% | -$18M |
|
748
First American
FAF
$7.58B
| $364K | ﹤0.01% |
6,960
-9,220
| -57% | -$467K |
|
|
PARA
749
DELISTED
Paramount Global Class B
PARA
| $364K | ﹤0.01% |
+21,563
| New | +$397K |
|
750
Telephone and Data Systems
TDS
$3.75B
| $358K | ﹤0.01% |
34,158
+11,497
| +51% | +$142K |
|
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Ray Dalio's Q4 2022 Portfolio in Review
As of Q4 2022, Ray Dalio held 953 positions worth $18.3B, down 7.3% from $19.8B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ray Dalio withdrew a net $3.25B in Q4 2022, closing 133 positions and reducing 457 holdings. Its most notable exit was Advanced Micro Devices, an estimated $45.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, down from 30% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Ray Dalio opened a new position in JPMorgan Chase worth $92.8M.
- Ray Dalio's largest Q4 2022 buy was JPMorgan Chase: 692,356 shares worth $92.8M.
- Ray Dalio added most to iShares Core S&P 500 ETF in Q4 2022, an estimated $118M increase.
- Ray Dalio's biggest Q4 2022 reduction was Procter & Gamble, cutting an estimated $227M.
- Ray Dalio fully exited Advanced Micro Devices in Q4 2022, selling an estimated $45.8M.
- Ray Dalio's ten largest holdings make up 32% of its $18.3B portfolio in Q4 2022.
- Ray Dalio opened 87 new positions and closed 133 in Q4 2022.
- Ray Dalio's portfolio value fell 7.3% quarter-over-quarter to $18.3B.
Based on Bridgewater Associates's 13F filing for Q4 2022, filed 13 Feb 2023.