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
|
+$146M |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$95.4M |
| 3 |
HP
HPQ
|
+$20.2M |
| 4 |
IBM
IBM
|
+$17.3M |
| 5 |
Ralph Lauren
RL
|
+$14.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$285M |
| 2 |
F5
FFIV
|
+$22.3M |
| 3 |
ANDV
Andeavor
ANDV
|
+$20.1M |
| 4 |
Franklin Resources
BEN
|
+$18.3M |
| 5 |
Cognizant
CTSH
|
+$17.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.18% |
| 2 | Energy | 1.76% |
| 3 | Healthcare | 1.18% |
| 4 | Consumer Discretionary | 1.12% |
| 5 | Materials | 0.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Intuit
INTU
$89B
| $3.35M | 0.03% |
50,450
-174,489
| -78% | -$11.2M |
|
|
SWN
127
DELISTED
Southwestern Energy Company
SWN
| $3.34M | 0.03% |
91,696
+2,000
| +2% | +$75.9K |
|
128
C.H. Robinson
CHRW
$17.5B
| $3.33M | 0.03% |
55,876
-92,308
| -62% | -$5.42M |
|
|
GOLD
129
DELISTED
Randgold Resources Ltd
GOLD
| $3.28M | 0.03% |
46,580
-5,885
| -11% | -$421K |
|
130
Franco-Nevada
FNV
$46B
| $3.28M | 0.03% |
72,200
-3,900
| -5% | -$166K |
|
|
BCR
131
DELISTED
CR Bard Inc.
BCR
| $3.28M | 0.03% |
28,486
+5,600
| +24% | +$642K |
|
132
BorgWarner
BWA
$13.9B
| $3.27M | 0.03% |
+73,261
| New | +$3.08M |
|
|
PXD
133
DELISTED
Pioneer Natural Resource Co.
PXD
| $3.17M | 0.03% |
16,800
-900
| -5% | -$153K |
|
|
HES
134
DELISTED
Hess
HES
| $3.1M | 0.03% |
40,100
-4,700
| -10% | -$350K |
|
135
Southern Company
SO
$107B
| $3.1M | 0.03% |
+75,300
| New | +$3.24M |
|
136
Eldorado Gold
EGO
$9.89B
| $3.05M | 0.03% |
90,140
+4,480
| +5% | +$170K |
|
|
RKT
137
DELISTED
ROCK-TENN COMPANY CL-A
RKT
| $3.02M | 0.03% |
+59,600
| New | +$3.33M |
|
|
MRO
138
DELISTED
Marathon Oil Corporation
MRO
| $3.01M | 0.03% |
86,200
-15,000
| -15% | -$533K |
|
139
Weyerhaeuser
WY
$18.4B
| $2.96M | 0.03% |
103,466
+1,100
| +1% | +$31.1K |
|
|
COL
140
DELISTED
Rockwell Collins
COL
| $2.91M | 0.02% |
+42,831
| New | +$3.03M |
|
141
Agnico Eagle Mines
AEM
$90.5B
| $2.87M | 0.02% |
108,358
+4,200
| +4% | +$120K |
|
|
NBL
142
DELISTED
Noble Energy, Inc.
NBL
| $2.85M | 0.02% |
42,452
-3,800
| -8% | -$243K |
|
143
American International
AIG
$41.8B
| $2.82M | 0.02% |
57,900
-13,100
| -18% | -$623K |
|
144
CME Group
CME
$94.8B
| $2.81M | 0.02% |
38,080
+8,469
| +29% | +$624K |
|
145
Cencora
COR
$61.2B
| $2.8M | 0.02% |
45,889
+18,244
| +66% | +$1.07M |
|
|
SEE
146
DELISTED
Sealed Air
SEE
| $2.77M | 0.02% |
101,699
+84,100
| +478% | +$2.38M |
|
|
VAR
147
DELISTED
Varian Medical Systems, Inc.
VAR
| $2.76M | 0.02% |
42,094
-27,191
| -39% | -$1.72M |
|
148
Humana
HUM
$46.2B
| $2.74M | 0.02% |
29,375
-24,600
| -46% | -$2.26M |
|
149
AngloGold Ashanti
AU
$48.7B
| $2.71M | 0.02% |
203,800
-10,600
| -5% | -$142K |
|
150
PVH
PVH
$4.04B
| $2.71M | 0.02% |
+22,800
| New | +$2.93M |
|
Similar funds
Ray Dalio's Q3 2013 Portfolio in Review
As of Q3 2013, Ray Dalio held 443 positions worth $11.9B, up 3.9% from $11.4B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Ray Dalio's Q3 2013 filing shows 120 new, 86 increased, 103 reduced and 132 closed positions. Its largest new stake was HP: 1,832,945 shares worth $17.5M. The largest sale was iShares MSCI Emerging Markets ETF, an estimated $285M.
By sector, the portfolio is most concentrated in Technology at 2.2% of assets, down from 2.5% a quarter earlier, followed by Energy and Healthcare.
- Ray Dalio's largest Q3 2013 buy was HP: 1,832,945 shares worth $17.5M.
- Ray Dalio added most to State Street SPDR S&P 500 ETF Trust in Q3 2013, an estimated $146M increase.
- Ray Dalio's biggest Q3 2013 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $285M.
- Ray Dalio fully exited Andeavor in Q3 2013, selling an estimated $20.1M.
- Ray Dalio's ten largest holdings make up 91% of its $11.9B portfolio in Q3 2013.
- Ray Dalio opened 120 new positions and closed 132 in Q3 2013.
- Ray Dalio's portfolio value rose 3.9% quarter-over-quarter to $11.9B.
Based on Bridgewater Associates's 13F filing for Q3 2013, filed 13 Nov 2013.