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Ray Dalio

Ray Dalio Bridgewater Associates

AUM $22.4B
1-Year Est. Return 34.48%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-3.28%
1 Year Est. Return
+34.48%
3 Year Est. Return
+84.29%
5 Year Est. Return
+89.92%
10 Year Est. Return
+230.06%
AUM
$16.5B
AUM Growth
+$352M
Cap. Flow
+$1.1B
Cap. Flow %
6.65%
Top 10 Hldgs %
33.77%
Holding
826
New
130
Increased
388
Reduced
215
Closed
86

Top Buys

Rank Stock Value
1
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$61.9M
2
KO icon
Coca-Cola
KO
+$46.9M
3
AVGO icon
Broadcom
AVGO
+$46.8M
4
SLB icon
SLB Ltd
SLB
+$40.3M
5
NFLX icon
Netflix
NFLX
+$40.3M

Top Sells

Rank Stock Value
1
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$76.6M
2
JNJ icon
Johnson & Johnson
JNJ
+$75.4M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$49.3M
4
TW icon
Tradeweb Markets
TW
+$48M
5
V icon
Visa
V
+$40.7M

Sector Composition

Rank Sector Weight
1 Consumer Staples 26.52%
2 Healthcare 20.27%
3 Consumer Discretionary 12.77%
4 Technology 5.33%
5 Financials 4.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CSX icon
126
CSX Corp
CSX
$93.1B
$21.6M 0.13%
703,101
+406,628
+137% +$12.9M
INCY icon
127
Incyte
INCY
$24.4B
$21.4M 0.13%
370,199
+52,454
+17% +$3.31M
TMO icon
128
Thermo Fisher Scientific
TMO
$220B
$21.3M 0.13%
42,085
-41,562
-50% -$22.1M
ORLY icon
129
O'Reilly Automotive
ORLY
$76.3B
$21.1M 0.13%
348,705
+276,525
+383% +$17.3M
NVDA icon
130
NVIDIA
NVDA
$5.42T
$20.9M 0.13%
+481,080
New +$21.6M
UHS icon
131
Universal Health Services
UHS
$10.5B
$20.7M 0.13%
164,982
+66,772
+68% +$9.11M
AMP icon
132
Ameriprise Financial
AMP
$48.8B
$20.6M 0.12%
62,515
+40,808
+188% +$13.9M
VST icon
133
Vistra
VST
$47.4B
$20.5M 0.12%
619,341
+473,511
+325% +$14.2M
FANG icon
134
Diamondback Energy
FANG
$52.7B
$20.3M 0.12%
131,265
+58,469
+80% +$8.63M
NUE icon
135
Nucor
NUE
$62.1B
$20.3M 0.12%
129,764
+78,008
+151% +$12.9M
EEM icon
136
iShares MSCI Emerging Markets ETF
EEM
$29.5B
$19.9M 0.12%
525,680
-204,308
-28% -$8.09M
CASY icon
137
Casey's General Stores
CASY
$30.9B
$19.7M 0.12%
72,509
+3,257
+5% +$825K
LBRDK icon
138
Liberty Broadband Class C
LBRDK
$5.15B
$19.7M 0.12%
215,499
+80,570
+60% +$7.19M
NNN icon
139
NNN REIT
NNN
$8.99B
$19.6M 0.12%
554,226
+192,814
+53% +$7.73M
FFIV icon
140
F5
FFIV
$22.7B
$19.2M 0.12%
119,308
+66,744
+127% +$10.4M
GE icon
141
GE Aerospace
GE
$384B
$19.1M 0.12%
216,156
+173,047
+401% +$15.6M
HUM icon
142
Humana
HUM
$46.2B
$18.9M 0.11%
38,838
+15,440
+66% +$7.26M
APO icon
143
Apollo Global Management
APO
$73.4B
$18.4M 0.11%
+204,858
New +$17.2M
AMN icon
144
AMN Healthcare
AMN
$1.4B
$18.3M 0.11%
214,747
+119,726
+126% +$11.4M
BLDR icon
145
Builders FirstSource
BLDR
$8.04B
$17.9M 0.11%
143,815
+39,935
+38% +$5.51M
BERY
146
DELISTED
Berry Global Group, Inc.
BERY
$17.7M 0.11%
310,865
+151,387
+95% +$8.9M
ULTA icon
147
Ulta Beauty
ULTA
$24.3B
$17.6M 0.11%
44,163
+6,095
+16% +$2.66M
PCAR icon
148
PACCAR
PCAR
$70.1B
$17.6M 0.11%
206,769
+64,741
+46% +$5.51M
EXPE icon
149
Expedia Group
EXPE
$37.3B
$17.3M 0.1%
167,852
-34,420
-17% -$3.8M
HTHT icon
150
Huazhu Hotels Group
HTHT
$13B
$17.2M 0.1%
435,054
-10,006
-2% -$422K
4 5
6
7 8

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Ray Dalio's Q3 2023 Portfolio in Review

As of Q3 2023, Ray Dalio held 826 positions worth $16.5B, up 2.2% from $16.2B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Ray Dalio deployed $1.1B of net new capital in Q3 2023, opening 130 new positions and adding to 388 existing holdings. Its largest new stake was Broadcom: 540,410 shares worth $44.9M.

By sector, the portfolio is most concentrated in Consumer Staples at 27% of assets, down from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was Vanguard FTSE Emerging Markets ETF, an estimated $76.6M trimmed.

  • Ray Dalio's largest Q3 2023 buy was Broadcom: 540,410 shares worth $44.9M.
  • Ray Dalio added most to iShares Core MSCI Emerging Markets ETF in Q3 2023, an estimated $61.9M increase.
  • Ray Dalio's biggest Q3 2023 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $76.6M.
  • Ray Dalio fully exited Corteva in Q3 2023, selling an estimated $19M.
  • Ray Dalio's ten largest holdings make up 34% of its $16.5B portfolio in Q3 2023.
  • Ray Dalio opened 130 new positions and closed 86 in Q3 2023.
  • Ray Dalio's portfolio value rose 2.2% quarter-over-quarter to $16.5B.

Based on Bridgewater Associates's 13F filing for Q3 2023, filed 13 Nov 2023.