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 S&P 500 ETF
IVV
|
+$236M |
| 2 |
CVS Health
CVS
|
+$189M |
| 3 |
Mastercard
MA
|
+$155M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$112M |
| 5 |
Meta Platforms (Facebook)
META
|
+$111M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$814M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$763M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$315M |
| 4 |
SPDR Gold Trust
GLD
|
+$140M |
| 5 |
JD.com
JD
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 25.96% |
| 2 | Healthcare | 19.03% |
| 3 | Consumer Discretionary | 12.6% |
| 4 | Financials | 7.27% |
| 5 | Communication Services | 3.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1026
Honeywell
HON
$78B
| – | – |
-278,194
| Closed | -$51M |
|
1027
Huntsman Corp
HUN
$1.77B
| – | – |
-117,679
| Closed | -$4.41M |
|
1028
IAMGOLD
IAG
$10.6B
| – | – |
-156,564
| Closed | -$544K |
|
1029
ICU Medical
ICUI
$4.61B
| – | – |
-32,369
| Closed | -$7.21M |
|
1030
Imperial Oil
IMO
$60.4B
| – | – |
-8,364
| Closed | -$405K |
|
1031
Ingredion
INGR
$6.58B
| – | – |
-25,496
| Closed | -$2.22M |
|
1032
Intuit
INTU
$89B
| – | – |
-1,592
| Closed | -$765K |
|
|
1033
JD.com
JD
$44.5B
| – | – |
-2,141,206
| Closed | -$124M |
|
1034
The Joint Corp
JYNT
$119M
| – | – |
-20,509
| Closed | -$726K |
|
1035
Kinross Gold
KGC
$32.8B
| – | – |
-432,270
| Closed | -$2.54M |
|
|
LGO
1036
Largo
LGO
$70.9M
| – | – |
-10,317
| Closed | -$131K |
|
1037
Methanex
MEOH
$4.12B
| – | – |
-37,300
| Closed | -$2.04M |
|
1038
Magna International
MGA
$18.8B
| – | – |
-21,066
| Closed | -$1.35M |
|
|
MRSH
1039
Marsh
MRSH
$91.5B
| – | – |
-195,565
| Closed | -$33.3M |
|
1040
Molina Healthcare
MOH
$10.3B
| – | – |
-3,239
| Closed | -$1.08M |
|
1041
Mettler-Toledo International
MTD
$28.6B
| – | – |
-8,684
| Closed | -$11.9M |
|
1042
NovaGold Resources
NG
$3.33B
| – | – |
-32,541
| Closed | -$251K |
|
|
NGD
1043
DELISTED
New Gold Inc
NGD
| – | – |
-154,471
| Closed | -$281K |
|
1044
NetEase
NTES
$84.7B
| – | – |
-370,125
| Closed | -$33.2M |
|
1045
Intellia Therapeutics
NTLA
$1.67B
| – | – |
-4,907
| Closed | -$357K |
|
1046
Open Text
OTEX
$6.04B
| – | – |
-138,015
| Closed | -$5.86M |
|
1047
Pan American Silver
PAAS
$21.6B
| – | – |
-44,965
| Closed | -$1.23M |
|
1048
Pembina Pipeline
PBA
$27.6B
| – | – |
-163,790
| Closed | -$6.16M |
|
1049
Ryder
R
$10.1B
| – | – |
-29,753
| Closed | -$2.36M |
|
1050
RB Global
RBA
$17.5B
| – | – |
-4,937
| Closed | -$292K |
|
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Ray Dalio's Q2 2022 Portfolio in Review
As of Q2 2022, Ray Dalio held 1,084 positions worth $23.6B, down 4.9% from $24.8B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Ray Dalio deployed $1.38B of net new capital in Q2 2022, opening 116 new positions and adding to 613 existing holdings. Its largest new stake was Sea Limited: 459,240 shares worth $30.7M.
By sector, the portfolio is most concentrated in Consumer Staples at 26% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was iShares MSCI Emerging Markets ETF, an estimated $763M trimmed.
- Ray Dalio's largest Q2 2022 buy was Sea Limited: 459,240 shares worth $30.7M.
- Ray Dalio added most to iShares Core S&P 500 ETF in Q2 2022, an estimated $236M increase.
- Ray Dalio's biggest Q2 2022 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $763M.
- Ray Dalio fully exited Alibaba in Q2 2022, selling an estimated $814M.
- Ray Dalio's ten largest holdings make up 29% of its $23.6B portfolio in Q2 2022.
- Ray Dalio opened 116 new positions and closed 99 in Q2 2022.
- Ray Dalio's portfolio value fell 4.9% quarter-over-quarter to $23.6B.
Based on Bridgewater Associates's 13F filing for Q2 2022, filed 11 Aug 2022.