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 | |
|---|---|---|---|---|---|---|
926
Goodyear
GT
$1.85B
| – | – |
-844,155
| Closed | -$9.04M |
|
|
HBI
927
DELISTED
Hanesbrands
HBI
| – | – |
-373,225
| Closed | -$3.84M |
|
928
HEICO Corp
HEI
$51.4B
| – | – |
-9,071
| Closed | -$1.19M |
|
929
Hartford Financial Services
HIG
$39.3B
| – | – |
-61,248
| Closed | -$4.01M |
|
930
Healthcare Realty
HR
$6.84B
| – | – |
-437,990
| Closed | -$12.2M |
|
931
HubSpot
HUBS
$10.5B
| – | – |
-3,399
| Closed | -$1.02M |
|
|
PPLI
932
People Inc
PPLI
$3.1B
| – | – |
-12,462
| Closed | -$777K |
|
933
IDEX
IEX
$17.3B
| – | – |
-5,491
| Closed | -$997K |
|
934
International Flavors & Fragrances
IFF
$21.9B
| – | – |
-146,768
| Closed | -$17.5M |
|
935
Intel
INTC
$513B
| – | – |
-1,544,985
| Closed | -$57.8M |
|
936
Ionis Pharmaceuticals
IONS
$9.4B
| – | – |
-9,779
| Closed | -$362K |
|
937
International Paper
IP
$22B
| – | – |
-42,656
| Closed | -$1.78M |
|
938
Illinois Tool Works
ITW
$85.3B
| – | – |
-11,491
| Closed | -$2.09M |
|
939
Invesco
IVZ
$13.9B
| – | – |
-51,987
| Closed | -$839K |
|
940
JB Hunt Transport Services
JBHT
$25.2B
| – | – |
-102,302
| Closed | -$16.1M |
|
941
Johnson Controls International
JCI
$92.2B
| – | – |
-439,033
| Closed | -$21M |
|
942
Jack Henry & Associates
JKHY
$11.1B
| – | – |
-4,871
| Closed | -$877K |
|
|
943
JPMorgan Chase
JPM
$950B
| – | – |
-707,092
| Closed | -$79.6M |
|
|
JWN
944
DELISTED
Nordstrom
JWN
| – | – |
-106,594
| Closed | -$2.25M |
|
945
CarMax
KMX
$8.26B
| – | – |
-114,712
| Closed | -$10.4M |
|
946
Knight Transportation
KNX
$11.4B
| – | – |
-106,600
| Closed | -$4.93M |
|
947
Lithia Motors
LAD
$8.26B
| – | – |
-5,270
| Closed | -$1.45M |
|
|
LAZR
948
DELISTED
Luminar Technologies
LAZR
| – | – |
-9,268
| Closed | -$824K |
|
949
Lucid Motors
LCID
$2.77B
| – | – |
-28,579
| Closed | -$4.9M |
|
950
Lear
LEA
$8.18B
| – | – |
-42,827
| Closed | -$5.39M |
|
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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.