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 MSCI Emerging Markets ETF
EEM
|
+$40.4M |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$30.4M |
| 3 |
iShares MSCI Brazil ETF
EWZ
|
+$21.9M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
+$21.6M |
| 5 |
Intel
INTC
|
+$21.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$36.2M |
| 2 |
BCE
BCE
|
+$29.7M |
| 3 |
VIAB
Viacom Inc. Class B
VIAB
|
+$27.3M |
| 4 |
Exelon
EXC
|
+$23M |
| 5 |
PepsiCo
PEP
|
+$22.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.99% |
| 2 | Energy | 2.82% |
| 3 | Consumer Discretionary | 2.8% |
| 4 | Materials | 2.25% |
| 5 | Healthcare | 2.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
American Tower
AMT
$80.4B
| $6.29M | 0.08% |
+61,488
| New | +$5.75M |
|
|
SE
102
DELISTED
Spectra Energy Corp Wi
SE
| $6.28M | 0.08% |
205,256
-522,730
| -72% | -$14.7M |
|
103
Dominion Energy
D
$59.3B
| $6.11M | 0.08% |
+81,316
| New | +$5.75M |
|
104
FedEx
FDX
$75.4B
| $6.03M | 0.08% |
+37,036
| New | +$5.15M |
|
105
Biogen
BIIB
$30.7B
| $6.01M | 0.08% |
23,106
-2,000
| -8% | -$528K |
|
106
TechnipFMC
FTI
$27.3B
| $5.92M | 0.08% |
290,965
+9,500
| +3% | +$179K |
|
107
UnitedHealth
UNH
$370B
| $5.92M | 0.07% |
+45,900
| New | +$5.43M |
|
108
APA Corp
APA
$13.3B
| $5.91M | 0.07% |
121,100
+4,900
| +4% | +$204K |
|
109
TE Connectivity
TEL
$62.6B
| $5.77M | 0.07% |
+93,231
| New | +$5.41M |
|
110
Royal Caribbean
RCL
$85.6B
| $5.75M | 0.07% |
+70,000
| New | +$5.46M |
|
|
SPLS
111
DELISTED
Staples Inc
SPLS
| $5.71M | 0.07% |
517,506
-1,433,034
| -73% | -$13.5M |
|
|
TFCFA
112
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $5.7M | 0.07% |
204,300
+128,651
| +170% | +$3.44M |
|
|
113
PepsiCo
PEP
$190B
| $5.61M | 0.07% |
54,700
-227,941
| -81% | -$22.5M |
|
114
Bristol-Myers Squibb
BMY
$132B
| $5.55M | 0.07% |
86,845
+16,000
| +23% | +$1.01M |
|
115
Hershey
HSY
$36.6B
| $5.51M | 0.07% |
59,883
+21,100
| +54% | +$1.88M |
|
116
Eli Lilly
LLY
$1.06T
| $5.41M | 0.07% |
75,122
+44,660
| +147% | +$3.38M |
|
|
FL
117
DELISTED
Foot Locker
FL
| $5.4M | 0.07% |
83,755
-110,171
| -57% | -$7.15M |
|
|
HES
118
DELISTED
Hess
HES
| $5.4M | 0.07% |
102,500
+14,200
| +16% | +$628K |
|
119
Intuit
INTU
$89B
| $5.32M | 0.07% |
51,111
-61,852
| -55% | -$5.97M |
|
120
Johnson Controls International
JCI
$92.2B
| $5.29M | 0.07% |
+129,530
| New | +$4.95M |
|
121
Keurig Dr Pepper
KDP
$40.8B
| $5.16M | 0.07% |
+57,715
| New | +$5.27M |
|
122
Coca-Cola Europacific Partners
CCEP
$47.9B
| $5.05M | 0.06% |
99,474
+92,142
| +1,257% | +$4.44M |
|
123
Boeing
BA
$185B
| $4.91M | 0.06% |
38,656
+13,500
| +54% | +$1.68M |
|
124
Eastman Chemical
EMN
$8.42B
| $4.73M | 0.06% |
65,517
-72,052
| -52% | -$4.72M |
|
|
BCR
125
DELISTED
CR Bard Inc.
BCR
| $4.72M | 0.06% |
23,315
+12,529
| +116% | +$2.36M |
|
Similar funds
Ray Dalio's Q1 2016 Portfolio in Review
As of Q1 2016, Ray Dalio held 325 positions worth $7.9B, up 2.5% from $7.71B the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Ray Dalio's Q1 2016 filing shows 62 new, 91 increased, 96 reduced and 72 closed positions. Its largest new stake was iShares MSCI Brazil ETF: 1,018,511 shares worth $26.8M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $36.2M.
By sector, the portfolio is most concentrated in Technology at 4% of assets, down from 4.1% a quarter earlier, followed by Energy and Consumer Discretionary.
- Ray Dalio's largest Q1 2016 buy was iShares MSCI Brazil ETF: 1,018,511 shares worth $26.8M.
- Ray Dalio added most to iShares MSCI Emerging Markets ETF in Q1 2016, an estimated $40.4M increase.
- Ray Dalio's biggest Q1 2016 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $36.2M.
- Ray Dalio fully exited BCE in Q1 2016, selling an estimated $29.7M.
- Ray Dalio's ten largest holdings make up 82% of its $7.9B portfolio in Q1 2016.
- Ray Dalio opened 62 new positions and closed 72 in Q1 2016.
- Ray Dalio's portfolio value rose 2.5% quarter-over-quarter to $7.9B.
Based on Bridgewater Associates's 13F filing for Q1 2016, filed 13 May 2016.