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 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$219M |
| 2 |
Gilead Sciences
GILD
|
+$30.6M |
| 3 |
Microsoft
MSFT
|
+$27.5M |
| 4 |
POT
Potash Corp Of Saskatchewan
POT
|
+$20.5M |
| 5 |
Eastman Chemical
EMN
|
+$19.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$384M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$62M |
| 3 |
Apple
AAPL
|
+$30.1M |
| 4 |
RTX Corp
RTX
|
+$20.5M |
| 5 |
Fossil Group
FOSL
|
+$20M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.42% |
| 2 | Energy | 2.21% |
| 3 | Materials | 2.04% |
| 4 | Healthcare | 1.26% |
| 5 | Industrials | 0.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AUY
101
DELISTED
Yamana Gold, Inc.
AUY
| $5.27M | 0.04% |
1,310,900
+105,900
| +9% | +$480K |
|
102
Biogen
BIIB
$30.7B
| $5.14M | 0.04% |
15,146
+13,500
| +820% | +$4.37M |
|
|
ATVI
103
DELISTED
Activision Blizzard
ATVI
| $5.04M | 0.04% |
250,066
+183,100
| +273% | +$3.69M |
|
104
Weyerhaeuser
WY
$18.4B
| $5.04M | 0.04% |
140,373
+44,600
| +47% | +$1.53M |
|
|
CHK
105
DELISTED
Chesapeake Energy Corporation
CHK
| $5.03M | 0.04% |
1,286
+305
| +31% | +$1.27M |
|
|
MON
106
DELISTED
Monsanto Co
MON
| $4.92M | 0.04% |
+41,199
| New | +$4.78M |
|
|
CA
107
DELISTED
CA, Inc.
CA
| $4.88M | 0.04% |
160,097
-548,100
| -77% | -$16M |
|
108
Teck Resources
TECK
$32.6B
| $4.86M | 0.04% |
354,400
+96,900
| +38% | +$1.48M |
|
109
Regeneron Pharmaceuticals
REGN
$80.8B
| $4.84M | 0.04% |
11,800
+10,200
| +638% | +$4.01M |
|
110
F5
FFIV
$22.7B
| $4.83M | 0.04% |
+36,997
| New | +$4.61M |
|
|
MRO
111
DELISTED
Marathon Oil Corporation
MRO
| $4.75M | 0.04% |
167,800
+39,600
| +31% | +$1.26M |
|
112
Lam Research
LRCX
$390B
| $4.73M | 0.04% |
+596,200
| New | +$4.62M |
|
|
PTR
113
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $4.7M | 0.04% |
42,397
-600
| -1% | -$69.5K |
|
114
Eldorado Gold
EGO
$9.89B
| $4.7M | 0.04% |
153,700
+24,900
| +19% | +$807K |
|
115
Tyson Foods
TSN
$20.4B
| $4.68M | 0.04% |
116,815
+33,600
| +40% | +$1.36M |
|
116
McKesson
MCK
$101B
| $4.63M | 0.04% |
22,313
+4,600
| +26% | +$934K |
|
117
Rockwell Automation
ROK
$49B
| $4.63M | 0.04% |
41,620
+26,000
| +166% | +$2.85M |
|
118
Telus
TU
$15.3B
| $4.62M | 0.04% |
+255,200
| New | +$4.6M |
|
119
Prudential Financial
PRU
$41.8B
| $4.6M | 0.04% |
50,876
+1,400
| +3% | +$120K |
|
120
O'Reilly Automotive
ORLY
$76.3B
| $4.44M | 0.04% |
345,585
+57,000
| +20% | +$668K |
|
121
Royal Gold
RGLD
$19.5B
| $4.43M | 0.04% |
70,700
+11,500
| +19% | +$754K |
|
122
Mondelez International
MDLZ
$79.9B
| $4.38M | 0.03% |
120,500
-20,300
| -14% | -$739K |
|
123
Macy's
M
$6.68B
| $4.29M | 0.03% |
65,271
+11,300
| +21% | +$684K |
|
124
General Mills
GIS
$19.7B
| $4.28M | 0.03% |
80,281
+39,156
| +95% | +$2.02M |
|
|
NBL
125
DELISTED
Noble Energy, Inc.
NBL
| $4.26M | 0.03% |
89,752
+22,800
| +34% | +$1.24M |
|
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Ray Dalio's Q4 2014 Portfolio in Review
As of Q4 2014, Ray Dalio held 456 positions worth $12.5B, down 2.4% from $12.8B the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Ray Dalio's Q4 2014 filing shows 93 new, 144 increased, 94 reduced and 121 closed positions. Its largest new stake was Potash Corp Of Saskatchewan: 601,600 shares worth $21.3M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $384M.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 2.6% a quarter earlier, followed by Energy and Materials.
- Ray Dalio's largest Q4 2014 buy was Potash Corp Of Saskatchewan: 601,600 shares worth $21.3M.
- Ray Dalio added most to Vanguard FTSE Emerging Markets ETF in Q4 2014, an estimated $219M increase.
- Ray Dalio's biggest Q4 2014 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $384M.
- Ray Dalio fully exited United Parcel Service in Q4 2014, selling an estimated $14.7M.
- Ray Dalio's ten largest holdings make up 89% of its $12.5B portfolio in Q4 2014.
- Ray Dalio opened 93 new positions and closed 121 in Q4 2014.
- Ray Dalio's portfolio value fell 2.4% quarter-over-quarter to $12.5B.
Based on Bridgewater Associates's 13F filing for Q4 2014, filed 11 Feb 2015.