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 | |
|---|---|---|---|---|---|---|
951
Leggett & Platt
LEG
$1.31B
| – | – |
-94,081
| Closed | -$3.25M |
|
952
Levi Strauss
LEVI
$9.39B
| – | – |
-253,139
| Closed | -$4.13M |
|
953
Lifestance Health
LFST
$4.14B
| – | – |
-28,732
| Closed | -$160K |
|
954
LKQ Corp
LKQ
$6.29B
| – | – |
-185,637
| Closed | -$9.11M |
|
955
Landstar System
LSTR
$6.21B
| – | – |
-5,085
| Closed | -$739K |
|
956
Lumen
LUMN
$6.44B
| – | – |
-233,769
| Closed | -$2.55M |
|
957
Live Nation Entertainment
LYV
$42.1B
| – | – |
-15,353
| Closed | -$1.27M |
|
958
Macy's
M
$6.68B
| – | – |
-126,911
| Closed | -$2.33M |
|
959
Mid-America Apartment Communities
MAA
$15.7B
| – | – |
-1,340
| Closed | -$234K |
|
960
Mattel
MAT
$4.3B
| – | – |
-24,201
| Closed | -$540K |
|
961
Matsons
MATX
$6.18B
| – | – |
-50,818
| Closed | -$3.7M |
|
962
Moody's
MCO
$82.7B
| – | – |
-6,025
| Closed | -$1.64M |
|
|
963
Medtronic
MDT
$112B
| – | – |
-2,505,256
| Closed | -$225M |
|
964
Mohawk Industries
MHK
$9.22B
| – | – |
-90,453
| Closed | -$11.2M |
|
965
Mueller Industries
MLI
$15.2B
| – | – |
-185,580
| Closed | -$2.47M |
|
966
Morgan Stanley
MS
$340B
| – | – |
-365,090
| Closed | -$27.8M |
|
967
MSCI
MSCI
$40.9B
| – | – |
-5,626
| Closed | -$2.32M |
|
968
Madison Square Garden
MSGS
$9.39B
| – | – |
-1,622
| Closed | -$245K |
|
969
Motorola Solutions
MSI
$77.4B
| – | – |
-13,346
| Closed | -$2.8M |
|
970
MSC Industrial Direct
MSM
$6.86B
| – | – |
-6,048
| Closed | -$454K |
|
971
Neurocrine Biosciences
NBIX
$16.6B
| – | – |
-6,503
| Closed | -$634K |
|
972
Nasdaq
NDAQ
$52.9B
| – | – |
-6,078
| Closed | -$309K |
|
973
NextEra Energy
NEE
$177B
| – | – |
-742,374
| Closed | -$57.5M |
|
974
NewMarket
NEU
$8.18B
| – | – |
-686
| Closed | -$206K |
|
975
Northrop Grumman
NOC
$81.2B
| – | – |
-1,250
| Closed | -$598K |
|
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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.