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 |
Lam Research
LRCX
|
+$182M |
| 2 |
Qualcomm
QCOM
|
+$134M |
| 3 |
Apple
AAPL
|
+$126M |
| 4 |
Constellation Energy
CEG
|
+$114M |
| 5 |
Broadcom
AVGO
|
+$114M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$338M |
| 2 |
Johnson & Johnson
JNJ
|
+$276M |
| 3 |
Walmart Inc
WMT
|
+$270M |
| 4 |
Costco
COST
|
+$236M |
| 5 |
McDonald's
MCD
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.57% |
| 2 | Consumer Discretionary | 11.09% |
| 3 | Healthcare | 10.72% |
| 4 | Consumer Staples | 9.72% |
| 5 | Communication Services | 9.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Universal Health Services
UHS
$10.5B
| $33.7M | 0.19% |
147,032
+25,266
| +21% | +$5.44M |
|
102
Labcorp
LH
$25.9B
| $33.5M | 0.19% |
149,878
-57,632
| -28% | -$12.7M |
|
103
Zillow
Z
$7.56B
| $33.4M | 0.19% |
523,772
+424,615
| +428% | +$22.8M |
|
104
Kimberly-Clark
KMB
$36.5B
| $33.4M | 0.19% |
234,847
-257,529
| -52% | -$36.5M |
|
105
Prudential Financial
PRU
$41.8B
| $33.2M | 0.19% |
273,890
-85,593
| -24% | -$10.1M |
|
106
Vertiv
VRT
$105B
| $32.4M | 0.18% |
326,095
+278,874
| +591% | +$23.1M |
|
107
Carlisle Companies
CSL
$15.4B
| $32.3M | 0.18% |
71,927
+31,470
| +78% | +$13M |
|
108
Elevance Health
ELV
$85.5B
| $32.3M | 0.18% |
62,049
+20,463
| +49% | +$10.9M |
|
109
CoStar Group
CSGP
$12.3B
| $31.9M | 0.18% |
423,073
+81,054
| +24% | +$6.15M |
|
|
EA
110
DELISTED
Electronic Arts
EA
| $31.9M | 0.18% |
222,258
-201,642
| -48% | -$29.2M |
|
111
Hartford Financial Services
HIG
$39.3B
| $31.6M | 0.18% |
268,947
+555
| +0.2% | +$60.8K |
|
112
Bristol-Myers Squibb
BMY
$132B
| $31.6M | 0.18% |
610,358
+55,364
| +10% | +$2.6M |
|
|
CTRA
113
DELISTED
Coterra Energy
CTRA
| $31M | 0.18% |
1,296,246
+358,382
| +38% | +$8.84M |
|
114
BP
BP
$107B
| $30.8M | 0.17% |
980,275
+370,480
| +61% | +$12.5M |
|
115
D.R. Horton
DHI
$42.3B
| $30.4M | 0.17% |
159,346
-43,278
| -21% | -$7.61M |
|
116
Intuitive Surgical
ISRG
$134B
| $30.3M | 0.17% |
61,740
-41,839
| -40% | -$19.5M |
|
117
Boston Scientific
BSX
$71.5B
| $29.9M | 0.17% |
356,764
-815,182
| -70% | -$64.3M |
|
|
B
118
Barrick Mining
B
$73.2B
| $28.8M | 0.16% |
1,447,251
+771,857
| +114% | +$14.7M |
|
119
AT&T
T
$163B
| $28.4M | 0.16% |
1,289,648
+355,527
| +38% | +$7.07M |
|
120
Bentley Systems
BSY
$10.7B
| $28.3M | 0.16% |
556,684
+33,344
| +6% | +$1.64M |
|
121
Monster Beverage
MNST
$88.4B
| $28.2M | 0.16% |
541,346
-257,962
| -32% | -$12.8M |
|
122
Sea Limited
SE
$69.5B
| $28.1M | 0.16% |
298,384
+242,169
| +431% | +$18.3M |
|
123
General Mills
GIS
$19.7B
| $27.4M | 0.16% |
371,507
-531,007
| -59% | -$36.8M |
|
124
PG&E
PCG
$38.5B
| $27.1M | 0.15% |
1,372,691
-67,323
| -5% | -$1.26M |
|
125
British American Tobacco
BTI
$128B
| $27.1M | 0.15% |
+741,344
| New | +$26.5M |
|
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Ray Dalio's Q3 2024 Portfolio in Review
As of Q3 2024, Ray Dalio held 956 positions worth $17.7B, down 7.8% from $19.2B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ray Dalio withdrew a net $2.45B in Q3 2024, closing 183 positions and reducing 428 holdings. Its most notable exit was Walt Disney, an estimated $19.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Ray Dalio opened a new position in Micron Technology worth $102M.
- Ray Dalio's largest Q3 2024 buy was Micron Technology: 983,685 shares worth $102M.
- Ray Dalio added most to Lam Research in Q3 2024, an estimated $182M increase.
- Ray Dalio's biggest Q3 2024 reduction was Procter & Gamble, cutting an estimated $338M.
- Ray Dalio fully exited Walt Disney in Q3 2024, selling an estimated $19.4M.
- Ray Dalio's ten largest holdings make up 32% of its $17.7B portfolio in Q3 2024.
- Ray Dalio opened 79 new positions and closed 183 in Q3 2024.
- Ray Dalio's portfolio value fell 7.8% quarter-over-quarter to $17.7B.
Based on Bridgewater Associates's 13F filing for Q3 2024, filed 13 Nov 2024.