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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
TWNK
826
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
– –
-253,837
Closed -$8.46M
HZNP
827
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
– –
-77,311
Closed -$8.94M
30 31 32 33
34

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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.