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 |
Visa
V
|
+$148M |
| 2 |
Mondelez International
MDLZ
|
+$144M |
| 3 |
Johnson & Johnson
JNJ
|
+$64.3M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$53.4M |
| 5 |
Microsoft
MSFT
|
+$51.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Medtronic
MDT
|
+$225M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$151M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$91.6M |
| 4 |
Walmart Inc
WMT
|
+$87.7M |
| 5 |
JPMorgan Chase
JPM
|
+$79.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 29.71% |
| 2 | Healthcare | 20.65% |
| 3 | Consumer Discretionary | 10.85% |
| 4 | Financials | 7.63% |
| 5 | Technology | 4.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
851
Enviri
NVRI
$620M
| $213K | ﹤0.01% |
57,054
-1,968
| -3% | -$10.9K |
|
852
Newell Brands
NWL
$2.56B
| $208K | ﹤0.01% |
14,976
-85,609
| -85% | -$1.6M |
|
|
BNR
853
Burning Rock Biotech
BNR
$92.9M
| $207K | ﹤0.01% |
8,672
-297
| -3% | -$9.59K |
|
|
LSXMA
854
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $202K | ﹤0.01% |
+7,211
| New | +$213K |
|
855
Freshworks
FRSH
$3.27B
| $180K | ﹤0.01% |
+13,850
| New | +$196K |
|
856
Host Hotels & Resorts
HST
$16B
| $176K | ﹤0.01% |
+11,110
| New | +$194K |
|
857
Gaotu Techedu
GOTU
$436M
| $162K | ﹤0.01% |
134,127
-4,721
| -3% | -$7.63K |
|
858
QuantumScape Corp
QS
$3.74B
| $151K | ﹤0.01% |
17,948
-14,809
| -45% | -$159K |
|
859
AMC Entertainment Holdings
AMC
$2.31B
| $150K | ﹤0.01% |
+2,158
| New | +$295K |
|
860
ADT
ADT
$5.58B
| $114K | ﹤0.01% |
15,223
+2,558
| +20% | +$19.3K |
|
861
Codexis
CDXS
$158M
| $114K | ﹤0.01% |
18,736
-878
| -4% | -$7.06K |
|
|
DOYU
862
DouYu International Holdings
DOYU
$142M
| $113K | ﹤0.01% |
11,320
-173
| -2% | -$2.19K |
|
863
Clarivate
CLVT
$1.16B
| $106K | ﹤0.01% |
+11,251
| New | +$142K |
|
864
Angi Inc
ANGI
$196M
| $62K | ﹤0.01% |
2,105
-1,349
| -39% | -$59.4K |
|
865
Aurora
AUR
$13.8B
| $43K | ﹤0.01% |
19,436
-64,171
| -77% | -$159K |
|
866
Opko Health
OPK
$1.02B
| $25K | ﹤0.01% |
+13,209
| New | +$31.2K |
|
867
Advance Auto Parts
AAP
$3.49B
| – | – |
-40,548
| Closed | -$7.02M |
|
868
Acadia Pharmaceuticals
ACAD
$5.03B
| – | – |
-10,918
| Closed | -$154K |
|
869
Adient
ADNT
$1.5B
| – | – |
-66,124
| Closed | -$1.96M |
|
870
Autodesk
ADSK
$52.6B
| – | – |
-7,777
| Closed | -$1.34M |
|
871
American Eagle Outfitters
AEO
$3.01B
| – | – |
-30,248
| Closed | -$338K |
|
872
Allegion
ALLE
$14.4B
| – | – |
-60,354
| Closed | -$5.91M |
|
873
Amazon
AMZN
$2.96T
| – | – |
-149,250
| Closed | -$15.9M |
|
|
ANSS
874
DELISTED
Ansys
ANSS
| – | – |
-6,786
| Closed | -$1.62M |
|
875
A.O. Smith
AOS
$8.7B
| – | – |
-114,558
| Closed | -$6.26M |
|
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Ray Dalio's Q3 2022 Portfolio in Review
As of Q3 2022, Ray Dalio held 1,045 positions worth $19.8B, down 16% from $23.6B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ray Dalio withdrew a net $2.53B in Q3 2022, closing 179 positions and reducing 498 holdings. Its most notable exit was Medtronic, an estimated $225M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 30% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Ray Dalio opened a new position in Accenture worth $29.3M.
- Ray Dalio's largest Q3 2022 buy was Accenture: 113,811 shares worth $29.3M.
- Ray Dalio added most to Visa in Q3 2022, an estimated $148M increase.
- Ray Dalio's biggest Q3 2022 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $151M.
- Ray Dalio fully exited Medtronic in Q3 2022, selling an estimated $225M.
- Ray Dalio's ten largest holdings make up 32% of its $19.8B portfolio in Q3 2022.
- Ray Dalio opened 60 new positions and closed 179 in Q3 2022.
- Ray Dalio's portfolio value fell 16% quarter-over-quarter to $19.8B.
Based on Bridgewater Associates's 13F filing for Q3 2022, filed 10 Nov 2022.