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
|
+$236M |
| 2 |
CVS Health
CVS
|
+$189M |
| 3 |
Mastercard
MA
|
+$155M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$112M |
| 5 |
Meta Platforms (Facebook)
META
|
+$111M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$814M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$763M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$315M |
| 4 |
SPDR Gold Trust
GLD
|
+$140M |
| 5 |
JD.com
JD
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 25.96% |
| 2 | Healthcare | 19.03% |
| 3 | Consumer Discretionary | 12.6% |
| 4 | Financials | 7.27% |
| 5 | Communication Services | 3.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
826
Fortinet
FTNT
$117B
| $815K | ﹤0.01% |
14,408
-344,722
| -96% | -$20.5M |
|
827
Arthur J. Gallagher & Co
AJG
$63.6B
| $809K | ﹤0.01% |
4,965
-22,427
| -82% | -$3.72M |
|
828
Stantec
STN
$8.39B
| $806K | ﹤0.01% |
18,449
-7,390
| -29% | -$338K |
|
829
Booz Allen Hamilton
BAH
$9.15B
| $804K | ﹤0.01% |
8,894
+2,138
| +32% | +$183K |
|
830
Rayonier
RYN
$6.55B
| $803K | ﹤0.01% |
23,675
+1,957
| +9% | +$71.7K |
|
831
Castle Biosciences
CSTL
$979M
| $801K | ﹤0.01% |
36,476
+4,373
| +14% | +$102K |
|
|
OCFT
832
DELISTED
OneConnect Financial Technology
OCFT
| $791K | ﹤0.01% |
46,263
-35,489
| -43% | -$503K |
|
833
Hawaiian Electric Industries
HE
$2.14B
| $790K | ﹤0.01% |
19,304
+5,864
| +44% | +$247K |
|
834
Flex
FLEX
$44.8B
| $788K | ﹤0.01% |
72,296
-321,615
| -82% | -$3.98M |
|
835
Adobe
ADBE
$105B
| $786K | ﹤0.01% |
2,148
-1,218
| -36% | -$496K |
|
836
Ares Management
ARES
$30.9B
| $784K | ﹤0.01% |
13,790
-12,394
| -47% | -$857K |
|
837
GoDaddy
GDDY
$11.5B
| $781K | ﹤0.01% |
11,231
+2,016
| +22% | +$153K |
|
|
VRN
838
DELISTED
Veren
VRN
| $780K | ﹤0.01% |
109,919
-167,259
| -60% | -$1.31M |
|
|
PPLI
839
People Inc
PPLI
$3.1B
| $777K | ﹤0.01% |
+12,462
| New | +$879K |
|
|
CMA
840
DELISTED
Comerica
CMA
| $776K | ﹤0.01% |
10,574
-3,907
| -27% | -$316K |
|
841
Pulmonx
LUNG
$87.6M
| $763K | ﹤0.01% |
51,855
+11,068
| +27% | +$228K |
|
842
Bausch Health
BHC
$2.34B
| $762K | ﹤0.01% |
91,308
-167,367
| -65% | -$2.34M |
|
843
Dick's Sporting Goods
DKS
$18.7B
| $762K | ﹤0.01% |
10,104
+1,761
| +21% | +$157K |
|
844
Gaming and Leisure Properties
GLPI
$12.8B
| $758K | ﹤0.01% |
16,525
+3,494
| +27% | +$160K |
|
845
Hasbro
HAS
$13.2B
| $757K | ﹤0.01% |
9,240
+1,546
| +20% | +$134K |
|
846
CDW
CDW
$17B
| $750K | ﹤0.01% |
+4,757
| New | +$800K |
|
847
National Fuel Gas
NFG
$7.65B
| $745K | ﹤0.01% |
11,284
+525
| +5% | +$36.8K |
|
848
ON Semiconductor
ON
$31.6B
| $743K | ﹤0.01% |
14,769
-111,737
| -88% | -$6.23M |
|
849
Landstar System
LSTR
$6.21B
| $739K | ﹤0.01% |
+5,085
| New | +$757K |
|
850
East-West Bancorp
EWBC
$18B
| $737K | ﹤0.01% |
11,368
-4,212
| -27% | -$302K |
|
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Ray Dalio's Q2 2022 Portfolio in Review
As of Q2 2022, Ray Dalio held 1,084 positions worth $23.6B, down 4.9% from $24.8B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Ray Dalio deployed $1.38B of net new capital in Q2 2022, opening 116 new positions and adding to 613 existing holdings. Its largest new stake was Sea Limited: 459,240 shares worth $30.7M.
By sector, the portfolio is most concentrated in Consumer Staples at 26% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was iShares MSCI Emerging Markets ETF, an estimated $763M trimmed.
- Ray Dalio's largest Q2 2022 buy was Sea Limited: 459,240 shares worth $30.7M.
- Ray Dalio added most to iShares Core S&P 500 ETF in Q2 2022, an estimated $236M increase.
- Ray Dalio's biggest Q2 2022 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $763M.
- Ray Dalio fully exited Alibaba in Q2 2022, selling an estimated $814M.
- Ray Dalio's ten largest holdings make up 29% of its $23.6B portfolio in Q2 2022.
- Ray Dalio opened 116 new positions and closed 99 in Q2 2022.
- Ray Dalio's portfolio value fell 4.9% quarter-over-quarter to $23.6B.
Based on Bridgewater Associates's 13F filing for Q2 2022, filed 11 Aug 2022.