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 |
Amazon
AMZN
|
+$293M |
| 2 |
Microsoft
MSFT
|
+$216M |
| 3 |
ExxonMobil
XOM
|
+$92M |
| 4 |
Cameco
CCJ
|
+$87.2M |
| 5 |
Advanced Micro Devices
AMD
|
+$67.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$256M |
| 2 |
Eli Lilly
LLY
|
+$148M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$140M |
| 4 |
Comcast
CMCSA
|
+$88.8M |
| 5 |
Procter & Gamble
PG
|
+$83.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 18.04% |
| 2 | Healthcare | 14.75% |
| 3 | Technology | 14.42% |
| 4 | Consumer Discretionary | 12.13% |
| 5 | Communication Services | 8.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
iShares MSCI China ETF
MCHI
$6.38B
| $31.6M | 0.17% |
750,458
-84,614
| -10% | -$3.64M |
|
102
lululemon athletica
LULU
$14.6B
| $31.3M | 0.16% |
104,676
+54,600
| +109% | +$18.3M |
|
103
CSX Corp
CSX
$93.1B
| $30.5M | 0.16% |
913,146
+471,469
| +107% | +$16M |
|
104
Church & Dwight Co
CHD
$24.5B
| $29.6M | 0.15% |
285,278
-73,744
| -21% | -$7.8M |
|
105
Centene
CNC
$32.5B
| $29.4M | 0.15% |
444,004
+60,767
| +16% | +$4.42M |
|
106
iShares China Large-Cap ETF
FXI
$4.31B
| $29.3M | 0.15% |
1,126,278
-138,771
| -11% | -$3.64M |
|
107
Travelers Companies
TRV
$80.2B
| $29.1M | 0.15% |
143,101
-36,941
| -21% | -$7.94M |
|
108
Pultegroup
PHM
$25.3B
| $29M | 0.15% |
263,554
+243,092
| +1,188% | +$27.6M |
|
109
e.l.f. Beauty
ELF
$5.8B
| $28.9M | 0.15% |
137,123
+49,467
| +56% | +$8.79M |
|
110
MetLife
MET
$62.4B
| $28.8M | 0.15% |
410,875
-136,687
| -25% | -$9.76M |
|
111
Philip Morris
PM
$295B
| $28.7M | 0.15% |
283,107
-116,303
| -29% | -$11.4M |
|
112
Willis Towers Watson
WTW
$32B
| $28.6M | 0.15% |
109,065
+35,077
| +47% | +$9.06M |
|
113
D.R. Horton
DHI
$42.3B
| $28.6M | 0.15% |
202,624
-176,976
| -47% | -$26M |
|
114
Lowe's Companies
LOW
$125B
| $28.5M | 0.15% |
129,443
+31,844
| +33% | +$7.26M |
|
115
Trip.com Group
TCOM
$29.1B
| $28M | 0.15% |
596,226
-150,992
| -20% | -$7.69M |
|
116
Hershey
HSY
$36.6B
| $27.7M | 0.14% |
150,435
+63,482
| +73% | +$12.3M |
|
117
Applied Materials
AMAT
$428B
| $27.6M | 0.14% |
116,856
-301,041
| -72% | -$64.6M |
|
118
Hartford Financial Services
HIG
$39.3B
| $27M | 0.14% |
268,392
+36,193
| +16% | +$3.63M |
|
119
Pinterest
PINS
$13.4B
| $27M | 0.14% |
611,877
+370,502
| +153% | +$14.6M |
|
120
Tapestry
TPR
$32.8B
| $26.1M | 0.14% |
608,902
+70,599
| +13% | +$2.95M |
|
121
Bentley Systems
BSY
$10.7B
| $25.8M | 0.13% |
523,340
+132,886
| +34% | +$6.9M |
|
122
Fair Isaac
FICO
$22.5B
| $25.8M | 0.13% |
17,339
-3,105
| -15% | -$4.01M |
|
123
CoStar Group
CSGP
$12.3B
| $25.4M | 0.13% |
342,019
+136,014
| +66% | +$11.5M |
|
124
PG&E
PCG
$38.5B
| $25.1M | 0.13% |
1,440,014
+64,235
| +5% | +$1.13M |
|
125
Airbnb
ABNB
$106B
| $25.1M | 0.13% |
165,212
+149,917
| +980% | +$22.9M |
|
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Ray Dalio's Q2 2024 Portfolio in Review
As of Q2 2024, Ray Dalio held 959 positions worth $19.2B, down 3.1% from $19.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Ray Dalio withdrew a net $757M in Q2 2024, closing 82 positions and reducing 390 holdings. Its most notable exit was Marathon Oil Corporation, an estimated $28.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 18% of assets, down from 19% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Ray Dalio opened a new position in Constellation Energy worth $38.9M.
- Ray Dalio's largest Q2 2024 buy was Constellation Energy: 194,333 shares worth $38.9M.
- Ray Dalio added most to Amazon in Q2 2024, an estimated $293M increase.
- Ray Dalio's biggest Q2 2024 reduction was Apple, cutting an estimated $256M.
- Ray Dalio fully exited Marathon Oil Corporation in Q2 2024, selling an estimated $28.8M.
- Ray Dalio's ten largest holdings make up 35% of its $19.2B portfolio in Q2 2024.
- Ray Dalio opened 282 new positions and closed 82 in Q2 2024.
- Ray Dalio's portfolio value fell 3.1% quarter-over-quarter to $19.2B.
Based on Bridgewater Associates's 13F filing for Q2 2024, filed 14 Aug 2024.