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 MSCI Emerging Markets ETF
IEMG
|
+$162M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$150M |
| 3 |
Meta Platforms (Facebook)
META
|
+$79.3M |
| 4 |
Microsoft
MSFT
|
+$61.4M |
| 5 |
AbbVie
ABBV
|
+$58.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$218M |
| 2 |
Pinduoduo
PDD
|
+$136M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$111M |
| 4 |
Bank of America
BAC
|
+$106M |
| 5 |
Walmart Inc
WMT
|
+$104M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 28.42% |
| 2 | Healthcare | 21.25% |
| 3 | Consumer Discretionary | 10.73% |
| 4 | Financials | 6.5% |
| 5 | Communication Services | 4.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
876
Snowflake
SNOW
$115B
| – | – |
-31,942
| Closed | -$4.58M |
|
|
SNV
877
DELISTED
Synovus
SNV
| – | – |
-53,052
| Closed | -$1.99M |
|
878
Southern Company
SO
$107B
| – | – |
-360,431
| Closed | -$25.7M |
|
879
Virgin Galactic
SPCE
$398M
| – | – |
-1,020
| Closed | -$71K |
|
880
Simon Property Group
SPG
$72.3B
| – | – |
-15,031
| Closed | -$1.77M |
|
881
Spire
SR
$4.85B
| – | – |
-12,139
| Closed | -$836K |
|
882
Simpson Manufacturing
SSD
$8.16B
| – | – |
-3,276
| Closed | -$290K |
|
883
SS&C Technologies
SSNC
$18.6B
| – | – |
-11,386
| Closed | -$593K |
|
884
State Street
STT
$50.7B
| – | – |
-153,511
| Closed | -$11.9M |
|
885
Teradata
TDC
$2.55B
| – | – |
-8,123
| Closed | -$273K |
|
886
Telephone and Data Systems
TDS
$3.75B
| – | – |
-34,158
| Closed | -$358K |
|
887
Atlassian
TEAM
$37.8B
| – | – |
-2,686
| Closed | -$346K |
|
888
Truist Financial
TFC
$64B
| – | – |
-560,962
| Closed | -$24.1M |
|
889
TFS Financial
TFSL
$4.93B
| – | – |
-122,201
| Closed | -$1.76M |
|
890
TriNet
TNET
$3.14B
| – | – |
-8,030
| Closed | -$544K |
|
|
TPH
891
DELISTED
Tri Pointe Homes
TPH
| – | – |
-12,269
| Closed | -$228K |
|
892
Targa Resources
TRGP
$55.1B
| – | – |
-25,740
| Closed | -$1.89M |
|
893
T. Rowe Price
TROW
$24.3B
| – | – |
-22,588
| Closed | -$2.46M |
|
894
Tronox
TROX
$1.04B
| – | – |
-73,838
| Closed | -$1.01M |
|
895
Trade Desk
TTD
$6.49B
| – | – |
-109,073
| Closed | -$4.89M |
|
896
TTEC Holdings
TTEC
$124M
| – | – |
-17,768
| Closed | -$784K |
|
897
Take-Two Interactive
TTWO
$46.1B
| – | – |
-72,124
| Closed | -$7.51M |
|
898
Twilio
TWLO
$36.6B
| – | – |
-10,378
| Closed | -$508K |
|
899
10x Genomics
TXG
$6.61B
| – | – |
-13,044
| Closed | -$475K |
|
900
UGI
UGI
$7.33B
| – | – |
-49,478
| Closed | -$1.83M |
|
Similar funds
Ray Dalio's Q1 2023 Portfolio in Review
As of Q1 2023, Ray Dalio held 938 positions worth $16.4B, down 11% from $18.3B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Ray Dalio withdrew a net $2.44B in Q1 2023, closing 228 positions and reducing 360 holdings. Its most notable exit was Bank of America, an estimated $106M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, up from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Ray Dalio opened a new position in Home Depot worth $43.5M.
- Ray Dalio's largest Q1 2023 buy was Home Depot: 147,495 shares worth $43.5M.
- Ray Dalio added most to iShares Core MSCI Emerging Markets ETF in Q1 2023, an estimated $162M increase.
- Ray Dalio's biggest Q1 2023 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $218M.
- Ray Dalio fully exited Bank of America in Q1 2023, selling an estimated $106M.
- Ray Dalio's ten largest holdings make up 35% of its $16.4B portfolio in Q1 2023.
- Ray Dalio opened 118 new positions and closed 228 in Q1 2023.
- Ray Dalio's portfolio value fell 11% quarter-over-quarter to $16.4B.
Based on Bridgewater Associates's 13F filing for Q1 2023, filed 12 May 2023.