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 | |
|---|---|---|---|---|---|---|
|
CVGW
901
DELISTED
Calavo Growers
CVGW
| – | – |
-46,427
| Closed | -$1.94M |
|
902
DuPont de Nemours
DD
$19.2B
| – | – |
-306,489
| Closed | -$21.4M |
|
903
Deckers Outdoor
DECK
$13.3B
| – | – |
-30,936
| Closed | -$1.32M |
|
904
Walt Disney
DIS
$181B
| – | – |
-335,906
| Closed | -$31.7M |
|
905
Ginkgo Bioworks
DNA
$521M
| – | – |
-8,849
| Closed | -$842K |
|
906
Denali Therapeutics
DNLI
$3.94B
| – | – |
-8,660
| Closed | -$255K |
|
907
DTE Energy
DTE
$29.1B
| – | – |
-41,384
| Closed | -$5.25M |
|
908
DXC Technology
DXC
$1.73B
| – | – |
-286,549
| Closed | -$8.69M |
|
909
eBay
EBAY
$49.7B
| – | – |
-340,235
| Closed | -$14.2M |
|
910
Euronet Worldwide
EEFT
$2.7B
| – | – |
-3,502
| Closed | -$352K |
|
911
Equity Lifestyle Properties
ELS
$12.6B
| – | – |
-12,513
| Closed | -$882K |
|
912
Eastman Chemical
EMN
$8.42B
| – | – |
-122,413
| Closed | -$11M |
|
913
EPAM Systems
EPAM
$5.09B
| – | – |
-34,743
| Closed | -$10.2M |
|
914
Equitable Holdings
EQH
$14.1B
| – | – |
-31,290
| Closed | -$816K |
|
915
Essex Property Trust
ESS
$18.5B
| – | – |
-29,958
| Closed | -$7.83M |
|
916
Evercore
EVR
$11.8B
| – | – |
-62,877
| Closed | -$5.89M |
|
917
Exelixis
EXEL
$13.4B
| – | – |
-21,808
| Closed | -$454K |
|
918
FedEx
FDX
$75.4B
| – | – |
-6,431
| Closed | -$1.46M |
|
|
FITB
919
Fifth Third Bancorp
FITB
$51.8B
| – | – |
-54,971
| Closed | -$1.85M |
|
920
FMC
FMC
$1.33B
| – | – |
-3,063
| Closed | -$328K |
|
921
Floor & Decor
FND
$6.68B
| – | – |
-28,403
| Closed | -$1.79M |
|
922
Federal Realty Investment Trust
FRT
$10.3B
| – | – |
-5,378
| Closed | -$515K |
|
923
Greif
GEF
$5.04B
| – | – |
-14,255
| Closed | -$889K |
|
924
General Motors
GM
$76.8B
| – | – |
-289,190
| Closed | -$9.19M |
|
925
Genuine Parts
GPC
$18.7B
| – | – |
-98,516
| Closed | -$13.1M |
|
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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.