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Ray Dalio

Ray Dalio Bridgewater Associates

AUM $22.4B
1-Year Est. Return 34.48%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+9.29%
1 Year Est. Return
+34.48%
3 Year Est. Return
+84.29%
5 Year Est. Return
+89.92%
10 Year Est. Return
+230.06%
AUM
$17.9B
AUM Growth
+$1.32B
Cap. Flow
-$31.7M
Cap. Flow %
-0.18%
Top 10 Hldgs %
31.4%
Holding
827
New
87
Increased
260
Reduced
385
Closed
85

Top Buys

Rank Stock Value
1
LLY icon
Eli Lilly
LLY
+$149M
2
NVDA icon
NVIDIA
NVDA
+$102M
3
EWZ icon
iShares MSCI Brazil ETF
EWZ
+$89.1M
4
CMCSA icon
Comcast
CMCSA
+$71.1M
5
PGR icon
Progressive
PGR
+$69.2M

Top Sells

Rank Stock Value
1
COST icon
Costco
COST
+$83.3M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$76.9M
3
KO icon
Coca-Cola
KO
+$56.4M
4
AVGO icon
Broadcom
AVGO
+$49.5M
5
LRCX icon
Lam Research
LRCX
+$44.4M

Sector Composition

Rank Sector Weight
1 Consumer Staples 23.82%
2 Healthcare 20.59%
3 Consumer Discretionary 12.23%
4 Financials 6.67%
5 Communication Services 5.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AVTR icon
751
Avantor
AVTR
$9.19B
– –
-142,071
Closed -$2.99M
BB icon
752
BlackBerry
BB
$5.26B
– –
-74,473
Closed -$354K
BE icon
753
Bloom Energy
BE
$64.6B
– –
-213,125
Closed -$2.83M
BEN icon
754
Franklin Resources
BEN
$17.2B
– –
-8,868
Closed -$218K
BJRI icon
755
BJ's Restaurants
BJRI
$1.48B
– –
-10,199
Closed -$239K
BTG icon
756
B2Gold
BTG
$6.7B
– –
-299,241
Closed -$863K
BYND icon
757
Beyond Meat
BYND
$277M
– –
-25,887
Closed -$249K
CBT icon
758
Cabot Corp
CBT
$4.52B
– –
-31,937
Closed -$2.21M
CDNS icon
759
Cadence Design Systems
CDNS
$93.4B
– –
-4,068
Closed -$953K
CEG icon
760
Constellation Energy
CEG
$96.4B
– –
-78,197
Closed -$8.53M
CLF icon
761
Cleveland-Cliffs
CLF
$6.99B
– –
-433,360
Closed -$6.77M
COF icon
762
Capital One
COF
$134B
– –
-13,711
Closed -$1.33M
COLM icon
763
Columbia Sportswear
COLM
$2.93B
– –
-51,412
Closed -$3.81M
CPRI icon
764
Capri Holdings
CPRI
$1.74B
– –
-93,888
Closed -$4.94M
CSGS
765
DELISTED
CSG Systems International
CSGS
– –
-27,301
Closed -$1.4M
CVE icon
766
Cenovus Energy
CVE
$52.1B
– –
-13,658
Closed -$286K
DECK icon
767
Deckers Outdoor
DECK
$13.3B
– –
-96,210
Closed -$8.24M
DIS icon
768
Walt Disney
DIS
$181B
– –
-6,673
Closed -$541K
DNUT icon
769
Krispy Kreme
DNUT
$576M
– –
-138,263
Closed -$1.72M
EPRT icon
770
Essential Properties Realty Trust
EPRT
$6.62B
– –
-46,344
Closed -$1M
FIS icon
771
Fidelity National Information Services
FIS
$22.1B
– –
-14,080
Closed -$778K
FMC icon
772
FMC
FMC
$1.33B
– –
-4,832
Closed -$324K
FR icon
773
First Industrial Realty Trust
FR
$8.44B
– –
-10,949
Closed -$521K
GATX icon
774
GATX Corp
GATX
$6.27B
– –
-3,677
Closed -$400K
GD icon
775
General Dynamics
GD
$106B
– –
-3,907
Closed -$863K
29 30
31
32 33

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Ray Dalio's Q4 2023 Portfolio in Review

As of Q4 2023, Ray Dalio held 827 positions worth $17.9B, up 8% from $16.5B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Ray Dalio's Q4 2023 filing shows 87 new, 260 increased, 385 reduced and 85 closed positions. Its largest new stake was iShares MSCI Brazil ETF: 2,750,734 shares worth $96.2M. The largest sale was Costco, an estimated $83.3M.

By sector, the portfolio is most concentrated in Consumer Staples at 24% of assets, down from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.

  • Ray Dalio's largest Q4 2023 buy was iShares MSCI Brazil ETF: 2,750,734 shares worth $96.2M.
  • Ray Dalio added most to Eli Lilly in Q4 2023, an estimated $149M increase.
  • Ray Dalio's biggest Q4 2023 reduction was Costco, cutting an estimated $83.3M.
  • Ray Dalio fully exited Netflix in Q4 2023, selling an estimated $35.9M.
  • Ray Dalio's ten largest holdings make up 31% of its $17.9B portfolio in Q4 2023.
  • Ray Dalio opened 87 new positions and closed 85 in Q4 2023.
  • Ray Dalio's portfolio value rose 8% quarter-over-quarter to $17.9B.

Based on Bridgewater Associates's 13F filing for Q4 2023, filed 14 Feb 2024.