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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$217M |
| 2 |
Apple
AAPL
|
+$57.2M |
| 3 |
Coca-Cola
KO
|
+$24.2M |
| 4 |
POT
Potash Corp Of Saskatchewan
POT
|
+$21.7M |
| 5 |
Johnson & Johnson
JNJ
|
+$20.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$171M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$71.3M |
| 3 |
Gilead Sciences
GILD
|
+$52M |
| 4 |
Microsoft
MSFT
|
+$21.8M |
| 5 |
X
US Steel
X
|
+$15.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.03% |
| 2 | Materials | 2.19% |
| 3 | Energy | 1.97% |
| 4 | Healthcare | 1.2% |
| 5 | Industrials | 0.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PXD
101
DELISTED
Pioneer Natural Resource Co.
PXD
| $6.43M | 0.05% |
39,300
+2,700
| +7% | +$415K |
|
102
Honeywell
HON
$78B
| $6.42M | 0.05% |
68,549
+53,085
| +343% | +$4.86M |
|
103
Union Pacific
UNP
$174B
| $6.41M | 0.05% |
+59,146
| New | +$6.94M |
|
104
Adobe
ADBE
$105B
| $6.37M | 0.05% |
86,152
+33,900
| +65% | +$2.53M |
|
|
CHK
105
DELISTED
Chesapeake Energy Corporation
CHK
| $6.35M | 0.05% |
2,242
+956
| +74% | +$3.37M |
|
106
Cardinal Health
CAH
$55.4B
| $6.32M | 0.05% |
+70,000
| New | +$6.03M |
|
107
APA Corp
APA
$13.3B
| $6.29M | 0.05% |
104,200
+11,200
| +12% | +$705K |
|
|
GAP
108
The Gap Inc
GAP
$7.37B
| $6.21M | 0.05% |
143,345
+113,600
| +382% | +$4.73M |
|
109
Lowe's Companies
LOW
$125B
| $6.14M | 0.05% |
82,553
-38,400
| -32% | -$2.75M |
|
110
F5
FFIV
$22.7B
| $6.13M | 0.05% |
53,297
+16,300
| +44% | +$1.92M |
|
111
Valero Energy
VLO
$85.9B
| $6.12M | 0.05% |
96,157
-171,100
| -64% | -$9.55M |
|
112
Applied Materials
AMAT
$428B
| $5.79M | 0.05% |
256,551
+113,652
| +80% | +$2.72M |
|
113
Freeport-McMoran
FCX
$97.5B
| $5.68M | 0.04% |
299,900
-131,800
| -31% | -$2.61M |
|
|
PCP
114
DELISTED
PRECISION CASTPARTS CORP
PCP
| $5.66M | 0.04% |
26,943
-38,268
| -59% | -$8.12M |
|
|
HES
115
DELISTED
Hess
HES
| $5.41M | 0.04% |
79,700
+5,700
| +8% | +$407K |
|
116
AT&T
T
$163B
| $5.4M | 0.04% |
+219,089
| New | +$5.57M |
|
117
Kohl's
KSS
$2.19B
| $5.38M | 0.04% |
68,703
+10,003
| +17% | +$681K |
|
118
Public Service Enterprise Group
PEG
$37.7B
| $5.33M | 0.04% |
127,194
+115,741
| +1,011% | +$4.83M |
|
119
Fluor
FLR
$7.96B
| $5.24M | 0.04% |
91,664
+37,461
| +69% | +$2.13M |
|
120
AGNC Investment
AGNC
$12.9B
| $5.22M | 0.04% |
244,917
-412,037
| -63% | -$8.91M |
|
|
CLR
121
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $5.2M | 0.04% |
119,159
+27,543
| +30% | +$1.17M |
|
122
Accenture
ACN
$108B
| $5.17M | 0.04% |
55,200
+15,100
| +38% | +$1.35M |
|
123
Entergy
ETR
$50B
| $5.12M | 0.04% |
+132,204
| New | +$5.42M |
|
|
NBL
124
DELISTED
Noble Energy, Inc.
NBL
| $5.06M | 0.04% |
103,552
+13,800
| +15% | +$644K |
|
|
PTR
125
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $5.05M | 0.04% |
45,397
+3,000
| +7% | +$332K |
|
Similar funds
Ray Dalio's Q1 2015 Portfolio in Review
As of Q1 2015, Ray Dalio held 425 positions worth $12.8B, up 2.4% from $12.5B the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Ray Dalio's Q1 2015 filing shows 90 new, 147 increased, 87 reduced and 97 closed positions. Its largest new stake was Coca-Cola: 577,774 shares worth $23.4M. The largest sale was Vanguard FTSE Emerging Markets ETF, an estimated $171M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.4% a quarter earlier, followed by Materials and Energy.
- Ray Dalio's largest Q1 2015 buy was Coca-Cola: 577,774 shares worth $23.4M.
- Ray Dalio added most to State Street SPDR S&P 500 ETF Trust in Q1 2015, an estimated $217M increase.
- Ray Dalio's biggest Q1 2015 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $171M.
- Ray Dalio fully exited US Steel in Q1 2015, selling an estimated $15.2M.
- Ray Dalio's ten largest holdings make up 88% of its $12.8B portfolio in Q1 2015.
- Ray Dalio opened 90 new positions and closed 97 in Q1 2015.
- Ray Dalio's portfolio value rose 2.4% quarter-over-quarter to $12.8B.
Based on Bridgewater Associates's 13F filing for Q1 2015, filed 14 May 2015.