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 | |
|---|---|---|---|---|---|---|
776
General Dynamics
GD
$106B
| $408K | ﹤0.01% |
+1,406
| New | +$412K |
|
777
SPS Commerce
SPSC
$2.64B
| $406K | ﹤0.01% |
+2,160
| New | +$395K |
|
778
IBM
IBM
$224B
| $403K | ﹤0.01% |
+2,332
| New | +$405K |
|
779
Atkore
ATKR
$3.16B
| $402K | ﹤0.01% |
2,979
-96,474
| -97% | -$15.4M |
|
780
Home Depot
HD
$355B
| $402K | ﹤0.01% |
+1,167
| New | +$398K |
|
781
SI-BONE Inc
SIBN
$834M
| $399K | ﹤0.01% |
30,858
-4,085
| -12% | -$58.3K |
|
782
Ecolab
ECL
$79.9B
| $398K | ﹤0.01% |
1,673
-40,710
| -96% | -$9.41M |
|
783
Northern Trust
NTRS
$33.9B
| $397K | ﹤0.01% |
+4,730
| New | +$397K |
|
784
Maximus
MMS
$3.1B
| $397K | ﹤0.01% |
+4,634
| New | +$389K |
|
785
Expeditors International
EXPD
$23.2B
| $391K | ﹤0.01% |
+3,137
| New | +$374K |
|
786
MillerKnoll
MLKN
$1.67B
| $387K | ﹤0.01% |
+14,597
| New | +$384K |
|
787
Autodesk
ADSK
$52.6B
| $386K | ﹤0.01% |
+1,560
| New | +$350K |
|
788
Otis Worldwide
OTIS
$28.2B
| $384K | ﹤0.01% |
+3,992
| New | +$385K |
|
789
Rogers Communications
RCI
$18.6B
| $378K | ﹤0.01% |
10,216
-7,771
| -43% | -$301K |
|
790
Otter Tail
OTTR
$3.94B
| $378K | ﹤0.01% |
+4,310
| New | +$377K |
|
791
APA Corp
APA
$13.2B
| $377K | ﹤0.01% |
12,791
-22,904
| -64% | -$709K |
|
792
Texas Pacific Land
TPL
$23.5B
| $374K | ﹤0.01% |
+1,527
| New | +$320K |
|
793
Dick's Sporting Goods
DKS
$18.7B
| $373K | ﹤0.01% |
1,736
-4,629
| -73% | -$964K |
|
794
First Solar
FSLR
$26.9B
| $369K | ﹤0.01% |
1,637
-3,230
| -66% | -$704K |
|
795
Digital Realty Trust
DLR
$71.7B
| $363K | ﹤0.01% |
2,388
-2,136
| -47% | -$307K |
|
796
Curtiss-Wright
CW
$25.5B
| $362K | ﹤0.01% |
+1,337
| New | +$357K |
|
797
PACCAR
PCAR
$70.1B
| $362K | ﹤0.01% |
+3,515
| New | +$387K |
|
798
Genuine Parts
GPC
$18.7B
| $361K | ﹤0.01% |
+2,613
| New | +$390K |
|
799
Teva Pharmaceuticals
TEVA
$41.2B
| $359K | ﹤0.01% |
22,078
-24,583
| -53% | -$379K |
|
800
Remitly
RELY
$5.14B
| $355K | ﹤0.01% |
+29,259
| New | +$454K |
|
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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.