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 | |
|---|---|---|---|---|---|---|
|
ALXN
126
DELISTED
Alexion Pharmaceuticals
ALXN
| $5.04M | 0.04% |
29,099
+10,586
| +57% | +$1.92M |
|
127
Western Digital
WDC
$150B
| $4.97M | 0.04% |
72,287
+52,258
| +261% | +$4.09M |
|
128
Weyerhaeuser
WY
$18.4B
| $4.82M | 0.04% |
145,273
+4,900
| +3% | +$172K |
|
|
MRO
129
DELISTED
Marathon Oil Corporation
MRO
| $4.78M | 0.04% |
183,100
+15,300
| +9% | +$415K |
|
130
Crown Castle
CCI
$32.2B
| $4.7M | 0.04% |
+56,991
| New | +$4.85M |
|
131
Chipotle Mexican Grill
CMG
$41.5B
| $4.55M | 0.04% |
+349,950
| New | +$4.78M |
|
132
Cognizant
CTSH
$26B
| $4.53M | 0.04% |
72,600
-132,000
| -65% | -$7.78M |
|
133
Royal Gold
RGLD
$19.5B
| $4.52M | 0.04% |
71,600
+900
| +1% | +$61.8K |
|
134
DaVita
DVA
$11.7B
| $4.5M | 0.04% |
55,326
+5,300
| +11% | +$407K |
|
135
PACCAR
PCAR
$70.1B
| $4.49M | 0.04% |
106,578
+25,950
| +32% | +$1.1M |
|
|
AUY
136
DELISTED
Yamana Gold, Inc.
AUY
| $4.33M | 0.03% |
1,207,100
-103,800
| -8% | -$421K |
|
137
AngloGold Ashanti
AU
$48.7B
| $4.3M | 0.03% |
460,700
+30,100
| +7% | +$322K |
|
138
NextEra Energy
NEE
$177B
| $4.28M | 0.03% |
164,672
+108,532
| +193% | +$2.86M |
|
139
Duke Energy
DUK
$97.3B
| $4.28M | 0.03% |
+55,776
| New | +$4.53M |
|
140
NetApp
NTAP
$37.2B
| $4.26M | 0.03% |
120,147
-43,900
| -27% | -$1.68M |
|
|
141
Microsoft
MSFT
$3.71T
| $4.07M | 0.03% |
100,045
-501,000
| -83% | -$21.8M |
|
142
Clorox
CLX
$12.7B
| $4.06M | 0.03% |
36,742
+33,400
| +999% | +$3.63M |
|
|
SNDK
143
DELISTED
SANDISK CORP
SNDK
| $4M | 0.03% |
62,900
+29,200
| +87% | +$2.37M |
|
144
Xerox
XRX
$425M
| $4M | 0.03% |
+118,172
| New | +$4.17M |
|
145
Paychex
PAYX
$42.7B
| $3.97M | 0.03% |
80,072
+6,100
| +8% | +$296K |
|
146
Teck Resources
TECK
$32.6B
| $3.83M | 0.03% |
279,100
-75,300
| -21% | -$1.06M |
|
|
CXO
147
DELISTED
CONCHO RESOURCES INC.
CXO
| $3.8M | 0.03% |
32,800
+7,967
| +32% | +$868K |
|
148
American Express
AXP
$230B
| $3.78M | 0.03% |
48,417
+19,900
| +70% | +$1.65M |
|
149
General Mills
GIS
$19.7B
| $3.73M | 0.03% |
65,981
-14,300
| -18% | -$763K |
|
150
Illumina
ILMN
$28.4B
| $3.61M | 0.03% |
+20,002
| New | +$3.77M |
|
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.