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 | |
|---|---|---|---|---|---|---|
|
IPG
826
DELISTED
Interpublic Group of Companies
IPG
| $288K | ﹤0.01% |
9,913
-202,003
| -95% | -$6.23M |
|
827
Air Products & Chemicals
APD
$67.6B
| $288K | ﹤0.01% |
1,115
-1,481
| -57% | -$376K |
|
828
Rambus
RMBS
$11B
| $287K | ﹤0.01% |
+4,889
| New | +$279K |
|
829
Steven Madden
SHOO
$3.55B
| $284K | ﹤0.01% |
6,704
-40,662
| -86% | -$1.7M |
|
830
Waste Management
WM
$91B
| $281K | ﹤0.01% |
+1,317
| New | +$274K |
|
831
Synopsys
SNPS
$79.7B
| $278K | ﹤0.01% |
+468
| New | +$265K |
|
832
Booz Allen Hamilton
BAH
$9.15B
| $278K | ﹤0.01% |
+1,809
| New | +$271K |
|
833
CNX Resources
CNX
$5.2B
| $278K | ﹤0.01% |
11,443
-301,692
| -96% | -$7.36M |
|
|
URG
834
Ur-Energy
URG
$556M
| $277K | ﹤0.01% |
+197,794
| New | +$328K |
|
835
Packaging Corp of America
PKG
$22.8B
| $271K | ﹤0.01% |
+1,484
| New | +$270K |
|
836
Pool Corp
POOL
$7.5B
| $268K | ﹤0.01% |
+871
| New | +$315K |
|
837
RLI Corp
RLI
$5.89B
| $266K | ﹤0.01% |
+3,784
| New | +$271K |
|
838
BorgWarner
BWA
$13.9B
| $265K | ﹤0.01% |
8,221
-171,318
| -95% | -$5.93M |
|
839
Cintas
CTAS
$81.3B
| $260K | ﹤0.01% |
+1,488
| New | +$254K |
|
840
Fidelity National Financial
FNF
$13.5B
| $257K | ﹤0.01% |
5,197
+480
| +10% | +$24.2K |
|
841
Markel Group
MKL
$23.2B
| $251K | ﹤0.01% |
+159
| New | +$247K |
|
842
Exelon
EXC
$47B
| $248K | ﹤0.01% |
7,154
-112,867
| -94% | -$4.17M |
|
843
Emerson Electric
EMR
$88.3B
| $244K | ﹤0.01% |
2,213
-1,197
| -35% | -$132K |
|
844
Fortune Brands Innovations
FBIN
$6.06B
| $242K | ﹤0.01% |
+3,725
| New | +$269K |
|
845
O-I Glass
OI
$1.08B
| $241K | ﹤0.01% |
+21,622
| New | +$292K |
|
|
ENLC
846
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $238K | ﹤0.01% |
+17,290
| New | +$231K |
|
847
Lincoln Electric
LECO
$15.4B
| $232K | ﹤0.01% |
+1,232
| New | +$267K |
|
848
SentinelOne
S
$7.34B
| $229K | ﹤0.01% |
+10,891
| New | +$223K |
|
|
ACCD
849
DELISTED
Accolade Inc
ACCD
| $229K | ﹤0.01% |
63,969
-4,861
| -7% | -$36.8K |
|
850
OneMain Financial
OMF
$7.47B
| $226K | ﹤0.01% |
+4,666
| New | +$229K |
|
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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.