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 |
Amazon
AMZN
|
+$293M |
| 2 |
Microsoft
MSFT
|
+$216M |
| 3 |
ExxonMobil
XOM
|
+$92M |
| 4 |
Cameco
CCJ
|
+$87.2M |
| 5 |
Advanced Micro Devices
AMD
|
+$67.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$256M |
| 2 |
Eli Lilly
LLY
|
+$148M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$140M |
| 4 |
Comcast
CMCSA
|
+$88.8M |
| 5 |
Procter & Gamble
PG
|
+$83.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 18.04% |
| 2 | Healthcare | 14.75% |
| 3 | Technology | 14.42% |
| 4 | Consumer Discretionary | 12.13% |
| 5 | Communication Services | 8.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CTRA
126
DELISTED
Coterra Energy
CTRA
| $25M | 0.13% |
937,864
+107,251
| +13% | +$2.97M |
|
127
Align Technology
ALGN
$12.3B
| $24.9M | 0.13% |
103,003
+31,201
| +43% | +$8.69M |
|
128
Clorox
CLX
$12.7B
| $24.7M | 0.13% |
181,067
-17,039
| -9% | -$2.37M |
|
129
Uranium Energy
UEC
$5.57B
| $24.3M | 0.13% |
+4,036,326
| New | +$27.4M |
|
130
TechnipFMC
FTI
$27.3B
| $24.1M | 0.13% |
923,342
+128,368
| +16% | +$3.31M |
|
131
Ulta Beauty
ULTA
$24.3B
| $24.1M | 0.13% |
62,488
+37,331
| +148% | +$15.2M |
|
|
BNY
132
Bank of New York Mellon
BNY
$107B
| $24.1M | 0.13% |
402,129
-202,104
| -33% | -$11.7M |
|
133
Chevron
CVX
$366B
| $24M | 0.13% |
+153,447
| New | +$24.5M |
|
134
Chubb
CB
$135B
| $23.8M | 0.12% |
93,412
-4,138
| -4% | -$1.06M |
|
135
Netflix
NFLX
$309B
| $23.8M | 0.12% |
353,010
-19,520
| -5% | -$1.22M |
|
136
Honeywell
HON
$78B
| $23.7M | 0.12% |
+117,751
| New | +$22.4M |
|
137
NexGen Energy
NXE
$6.99B
| $23.6M | 0.12% |
3,382,670
+1,598,129
| +90% | +$12.2M |
|
|
HOLX
138
DELISTED
Hologic
HOLX
| $23.6M | 0.12% |
317,334
+8,091
| +3% | +$607K |
|
139
Bristol-Myers Squibb
BMY
$132B
| $23M | 0.12% |
554,994
-148,232
| -21% | -$6.63M |
|
140
Hilton Worldwide
HLT
$71.5B
| $22.8M | 0.12% |
104,379
+33,445
| +47% | +$6.87M |
|
141
Elevance Health
ELV
$85.5B
| $22.5M | 0.12% |
41,586
-21,754
| -34% | -$11.5M |
|
142
Universal Health Services
UHS
$10.5B
| $22.5M | 0.12% |
121,766
+18,782
| +18% | +$3.32M |
|
143
Fox Class A
FOXA
$26.9B
| $22.3M | 0.12% |
650,023
+333,245
| +105% | +$10.9M |
|
144
Deckers Outdoor
DECK
$13.3B
| $22.1M | 0.12% |
136,704
+86,634
| +173% | +$13.3M |
|
145
BP
BP
$107B
| $22M | 0.11% |
609,795
+374,868
| +160% | +$14M |
|
146
Fidelity National Information Services
FIS
$22.1B
| $21.9M | 0.11% |
+291,090
| New | +$21.5M |
|
147
Amdocs
DOX
$6.22B
| $21.7M | 0.11% |
274,840
+26,462
| +11% | +$2.17M |
|
148
Lamb Weston
LW
$7.19B
| $21.7M | 0.11% |
257,956
-89,085
| -26% | -$7.6M |
|
149
Goldman Sachs
GS
$303B
| $21M | 0.11% |
46,399
+31,520
| +212% | +$13.8M |
|
150
Baxter International
BAX
$14.2B
| $20.8M | 0.11% |
621,860
+336,812
| +118% | +$12.4M |
|
Similar funds
Ray Dalio's Q2 2024 Portfolio in Review
As of Q2 2024, Ray Dalio held 959 positions worth $19.2B, down 3.1% from $19.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Ray Dalio withdrew a net $757M in Q2 2024, closing 82 positions and reducing 390 holdings. Its most notable exit was Marathon Oil Corporation, an estimated $28.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 18% of assets, down from 19% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Ray Dalio opened a new position in Constellation Energy worth $38.9M.
- Ray Dalio's largest Q2 2024 buy was Constellation Energy: 194,333 shares worth $38.9M.
- Ray Dalio added most to Amazon in Q2 2024, an estimated $293M increase.
- Ray Dalio's biggest Q2 2024 reduction was Apple, cutting an estimated $256M.
- Ray Dalio fully exited Marathon Oil Corporation in Q2 2024, selling an estimated $28.8M.
- Ray Dalio's ten largest holdings make up 35% of its $19.2B portfolio in Q2 2024.
- Ray Dalio opened 282 new positions and closed 82 in Q2 2024.
- Ray Dalio's portfolio value fell 3.1% quarter-over-quarter to $19.2B.
Based on Bridgewater Associates's 13F filing for Q2 2024, filed 14 Aug 2024.