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
|
+$253M |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$149M |
| 3 |
Apple
AAPL
|
+$22.9M |
| 4 |
GE Aerospace
GE
|
+$22.3M |
| 5 |
JNPR
Juniper Networks
JNPR
|
+$20.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gen Digital
GEN
|
+$22.1M |
| 2 |
Johnson & Johnson
JNJ
|
+$19.9M |
| 3 |
Cisco
CSCO
|
+$14M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$11.7M |
| 5 |
CELG
Celgene Corp
CELG
|
+$9.94M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.04% |
| 2 | Energy | 2.47% |
| 3 | Materials | 1.34% |
| 4 | Industrials | 0.97% |
| 5 | Consumer Discretionary | 0.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
JB Hunt Transport Services
JBHT
$25.2B
| $2.96M | 0.02% |
40,151
+13,300
| +50% | +$1.01M |
|
152
TechnipFMC
FTI
$27.3B
| $2.83M | 0.02% |
62,386
+45,562
| +271% | +$1.93M |
|
|
NGD
153
DELISTED
New Gold Inc
NGD
| $2.83M | 0.02% |
445,400
+40,900
| +10% | +$220K |
|
154
Honeywell
HON
$78B
| $2.81M | 0.02% |
33,604
-81,798
| -71% | -$6.84M |
|
|
AET
155
DELISTED
Aetna Inc
AET
| $2.77M | 0.02% |
34,219
+3,300
| +11% | +$250K |
|
156
Southern Company
SO
$107B
| $2.74M | 0.02% |
+60,400
| New | +$2.67M |
|
|
SPLS
157
DELISTED
Staples Inc
SPLS
| $2.73M | 0.02% |
252,058
-294,303
| -54% | -$3.49M |
|
158
eBay
EBAY
$49.7B
| $2.73M | 0.02% |
129,611
+79,121
| +157% | +$1.72M |
|
159
General Mills
GIS
$19.7B
| $2.73M | 0.02% |
51,925
+40,800
| +367% | +$2.18M |
|
|
JWN
160
DELISTED
Nordstrom
JWN
| $2.71M | 0.02% |
+39,903
| New | +$2.59M |
|
|
CXO
161
DELISTED
CONCHO RESOURCES INC.
CXO
| $2.64M | 0.02% |
18,300
+3,600
| +24% | +$478K |
|
162
Gold Fields
GFI
$36.5B
| $2.63M | 0.02% |
706,600
+98,300
| +16% | +$378K |
|
|
ESRX
163
DELISTED
Express Scripts Holding Company
ESRX
| $2.61M | 0.02% |
37,654
-62,234
| -62% | -$4.38M |
|
164
Consolidated Edison
ED
$39.8B
| $2.6M | 0.02% |
44,978
-147,500
| -77% | -$8.24M |
|
165
Paychex
PAYX
$42.7B
| $2.52M | 0.02% |
60,572
+50,345
| +492% | +$2.07M |
|
166
Cigna
CI
$74.6B
| $2.49M | 0.02% |
27,081
-35,900
| -57% | -$3.08M |
|
167
Fluor
FLR
$7.96B
| $2.42M | 0.02% |
+31,503
| New | +$2.4M |
|
168
Tractor Supply
TSCO
$18.1B
| $2.37M | 0.02% |
+196,080
| New | +$2.57M |
|
169
DaVita
DVA
$11.7B
| $2.25M | 0.02% |
31,098
-33,843
| -52% | -$2.35M |
|
170
Cummins
CMI
$88.7B
| $2.23M | 0.02% |
14,424
+5,189
| +56% | +$785K |
|
171
Murphy Oil
MUR
$4.78B
| $2.2M | 0.02% |
33,100
-2,300
| -6% | -$144K |
|
|
K
172
DELISTED
Kellanova
K
| $2.19M | 0.02% |
35,554
-146,881
| -81% | -$9.2M |
|
173
Owens Corning
OC
$12.4B
| $2.15M | 0.02% |
55,451
+45,000
| +431% | +$1.85M |
|
174
Halliburton
HAL
$26.6B
| $2.12M | 0.02% |
29,800
+24,700
| +484% | +$1.58M |
|
|
ATVI
175
DELISTED
Activision Blizzard
ATVI
| $2.1M | 0.02% |
94,414
+3,400
| +4% | +$69.9K |
|
Similar funds
Ray Dalio's Q2 2014 Portfolio in Review
As of Q2 2014, Ray Dalio held 404 positions worth $13.3B, up 9.2% from $12.2B the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Ray Dalio deployed $438M of net new capital in Q2 2014, opening 65 new positions and adding to 128 existing holdings. Its largest new stake was Bed Bath & Beyond Inc: 255,200 shares worth $14.6M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.6% a quarter earlier, followed by Energy and Materials.
On the sell side, the largest reduction was Gen Digital, an estimated $22.1M trimmed.
- Ray Dalio's largest Q2 2014 buy was Bed Bath & Beyond Inc: 255,200 shares worth $14.6M.
- Ray Dalio added most to iShares MSCI Emerging Markets ETF in Q2 2014, an estimated $253M increase.
- Ray Dalio's biggest Q2 2014 reduction was Gen Digital, cutting an estimated $22.1M.
- Ray Dalio fully exited Berkshire Hathaway Class B in Q2 2014, selling an estimated $11.7M.
- Ray Dalio's ten largest holdings make up 90% of its $13.3B portfolio in Q2 2014.
- Ray Dalio opened 65 new positions and closed 101 in Q2 2014.
- Ray Dalio's portfolio value rose 9.2% quarter-over-quarter to $13.3B.
Based on Bridgewater Associates's 13F filing for Q2 2014, filed 12 Aug 2014.