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
|
+$1.2B |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$388M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$144M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$58.6M |
| 5 |
Apple
AAPL
|
+$23.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
B
Barrick Mining
B
|
+$45.1M |
| 2 |
Cencora
COR
|
+$18.6M |
| 3 |
GG
Goldcorp Inc
GG
|
+$17.8M |
| 4 |
Bread Financial
BFH
|
+$17.5M |
| 5 |
MetLife
MET
|
+$16.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.47% |
| 2 | Energy | 2.95% |
| 3 | Consumer Discretionary | 2.32% |
| 4 | Healthcare | 2.04% |
| 5 | Materials | 1.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HES
126
DELISTED
Hess
HES
| $4.62M | 0.05% |
86,100
-4,700
| -5% | -$252K |
|
127
Nucor
NUE
$62.1B
| $4.55M | 0.04% |
92,083
-113,900
| -55% | -$5.8M |
|
128
Goldman Sachs
GS
$303B
| $4.53M | 0.04% |
+28,100
| New | +$4.57M |
|
129
Kinross Gold
KGC
$32.8B
| $4.38M | 0.04% |
1,041,700
+135,200
| +15% | +$652K |
|
|
NBL
130
DELISTED
Noble Energy, Inc.
NBL
| $4.38M | 0.04% |
122,562
-3,800
| -3% | -$133K |
|
131
DaVita
DVA
$11.7B
| $4.31M | 0.04% |
65,300
-10,670
| -14% | -$751K |
|
132
Royal Gold
RGLD
$19.5B
| $4.3M | 0.04% |
55,500
+7,900
| +17% | +$634K |
|
133
Skyworks Solutions
SWKS
$10.6B
| $4.29M | 0.04% |
56,310
-48,159
| -46% | -$3.36M |
|
134
FirstEnergy
FE
$27.5B
| $4.28M | 0.04% |
129,245
+21,900
| +20% | +$744K |
|
135
Labcorp
LH
$25.9B
| $4.24M | 0.04% |
35,902
+13,189
| +58% | +$1.55M |
|
|
BNY
136
Bank of New York Mellon
BNY
$107B
| $4.23M | 0.04% |
+106,000
| New | +$4.23M |
|
|
LVLT
137
DELISTED
Level 3 Communications Inc
LVLT
| $4.12M | 0.04% |
88,800
+52,400
| +144% | +$2.65M |
|
138
Nike
NKE
$61.9B
| $4.11M | 0.04% |
78,028
+65,928
| +545% | +$3.72M |
|
139
Marathon Petroleum
MPC
$83.7B
| $4.06M | 0.04% |
+100,100
| New | +$4.06M |
|
140
Microchip Technology
MCHP
$46B
| $4M | 0.04% |
128,738
-69,810
| -35% | -$2.03M |
|
|
RHT
141
DELISTED
Red Hat Inc
RHT
| $3.96M | 0.04% |
+48,963
| New | +$3.64M |
|
142
EQT Corp
EQT
$32.3B
| $3.96M | 0.04% |
100,091
+1,470
| +1% | +$58.1K |
|
143
S&P Global
SPGI
$120B
| $3.94M | 0.04% |
31,100
-23,143
| -43% | -$2.78M |
|
144
Hershey
HSY
$36.6B
| $3.87M | 0.04% |
+40,471
| New | +$4.28M |
|
145
FedEx
FDX
$75.4B
| $3.87M | 0.04% |
22,136
-83,400
| -79% | -$13.7M |
|
146
Illinois Tool Works
ITW
$85.3B
| $3.8M | 0.04% |
31,705
+9,426
| +42% | +$1.09M |
|
147
O'Reilly Automotive
ORLY
$76.3B
| $3.77M | 0.04% |
202,035
+79,500
| +65% | +$1.49M |
|
|
CELG
148
DELISTED
Celgene Corp
CELG
| $3.73M | 0.04% |
35,700
+28,400
| +389% | +$3.07M |
|
149
Eastman Chemical
EMN
$8.42B
| $3.64M | 0.04% |
53,800
-85,000
| -61% | -$5.7M |
|
|
MRO
150
DELISTED
Marathon Oil Corporation
MRO
| $3.64M | 0.04% |
230,200
-10,600
| -4% | -$157K |
|
Similar funds
Ray Dalio's Q3 2016 Portfolio in Review
As of Q3 2016, Ray Dalio held 430 positions worth $10.2B, up 27% from $7.98B the previous quarter. Its ten largest holdings account for 84% of the portfolio.
Ray Dalio deployed $1.72B of net new capital in Q3 2016, opening 90 new positions and adding to 107 existing holdings. Its largest new stake was iShares Core MSCI Emerging Markets ETF: 1,319,320 shares worth $60.2M.
By sector, the portfolio is most concentrated in Technology at 3.5% of assets, up from 3.1% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was Cencora, an estimated $18.6M trimmed.
- Ray Dalio's largest Q3 2016 buy was iShares Core MSCI Emerging Markets ETF: 1,319,320 shares worth $60.2M.
- Ray Dalio added most to iShares MSCI Emerging Markets ETF in Q3 2016, an estimated $1.2B increase.
- Ray Dalio's biggest Q3 2016 reduction was Cencora, cutting an estimated $18.6M.
- Ray Dalio fully exited Barrick Mining in Q3 2016, selling an estimated $45.1M.
- Ray Dalio's ten largest holdings make up 84% of its $10.2B portfolio in Q3 2016.
- Ray Dalio opened 90 new positions and closed 131 in Q3 2016.
- Ray Dalio's portfolio value rose 27% quarter-over-quarter to $10.2B.
Based on Bridgewater Associates's 13F filing for Q3 2016, filed 9 Nov 2016.