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 | |
|---|---|---|---|---|---|---|
926
Palo Alto Networks
PANW
$297B
| – | – |
-3,542
| Closed | -$503K |
|
927
PNC Financial Services
PNC
$101B
| – | – |
-11,421
| Closed | -$1.85M |
|
928
Parsons
PSN
$5.08B
| – | – |
-3,989
| Closed | -$331K |
|
929
Range Resources
RRC
$8.95B
| – | – |
-326,882
| Closed | -$11.3M |
|
930
Sunrun
RUN
$2.46B
| – | – |
-13,839
| Closed | -$182K |
|
|
SCHW
931
Charles Schwab
SCHW
$187B
| – | – |
-26,150
| Closed | -$1.89M |
|
932
SkinHealth Systems
SKIN
$85.7M
| – | – |
-188,504
| Closed | -$837K |
|
933
Sarepta Therapeutics
SRPT
$1.77B
| – | – |
-23,222
| Closed | -$3.01M |
|
934
StoneCo
STNE
$2.58B
| – | – |
-199,491
| Closed | -$3.31M |
|
935
Synchrony
SYF
$25.6B
| – | – |
-142,044
| Closed | -$6.12M |
|
936
Bio-Techne
TECH
$11.3B
| – | – |
-4,082
| Closed | -$287K |
|
937
Truist Financial
TFC
$64B
| – | – |
-90,614
| Closed | -$3.53M |
|
938
Millicom
TIGO
$16.3B
| – | – |
-10,055
| Closed | -$203K |
|
939
Treace Medical Concepts
TMCI
$309M
| – | – |
-36,698
| Closed | -$479K |
|
940
Tootsie Roll Industries
TR
$2.98B
| – | – |
-62,360
| Closed | -$1.88M |
|
941
United Airlines
UAL
$42.1B
| – | – |
-54,776
| Closed | -$2.62M |
|
942
UDR
UDR
$12.3B
| – | – |
-5,668
| Closed | -$212K |
|
943
Weibo
WB
$1.95B
| – | – |
-36,181
| Closed | -$329K |
|
944
Warner Bros
WBD
$67.1B
| – | – |
-384,506
| Closed | -$3.36M |
|
945
West Pharmaceutical
WST
$24.9B
| – | – |
-1,292
| Closed | -$511K |
|
|
X
946
DELISTED
US Steel
X
| – | – |
-24,861
| Closed | -$1.01M |
|
947
Amer Sports
AS
$21.4B
| – | – |
-153,546
| Closed | -$2.5M |
|
|
EXE
948
Expand Energy Corp
EXE
$21.5B
| – | – |
-57,804
| Closed | -$5.13M |
|
|
JOYY
949
JOYY Inc
JOYY
$3.75B
| – | – |
-19,306
| Closed | -$594K |
|
|
NVRO
950
DELISTED
NEVRO CORP.
NVRO
| – | – |
-32,926
| Closed | -$475K |
|
Similar funds
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.