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 | |
|---|---|---|---|---|---|---|
151
Emerson Electric
EMR
$88.3B
| $3.6M | 0.03% |
63,497
+15,330
| +32% | +$891K |
|
152
Cenovus Energy
CVE
$52.1B
| $3.57M | 0.03% |
211,900
+29,200
| +16% | +$539K |
|
153
KLA
KLAC
$259B
| $3.51M | 0.03% |
+602,920
| New | +$3.86M |
|
154
Gold Fields
GFI
$36.5B
| $3.48M | 0.03% |
869,100
+51,300
| +6% | +$248K |
|
155
Aflac
AFL
$63.4B
| $3.38M | 0.03% |
105,770
-14,200
| -12% | -$433K |
|
156
Eldorado Gold
EGO
$9.89B
| $3.38M | 0.03% |
147,520
-6,180
| -4% | -$169K |
|
157
EQT Corp
EQT
$32.3B
| $3.38M | 0.03% |
74,950
+5,695
| +8% | +$241K |
|
|
SWN
158
DELISTED
Southwestern Energy Company
SWN
| $3.37M | 0.03% |
145,283
-419,118
| -74% | -$10.4M |
|
|
SE
159
DELISTED
Spectra Energy Corp Wi
SE
| $3.35M | 0.03% |
92,525
+77,700
| +524% | +$2.72M |
|
|
CTRA
160
DELISTED
Coterra Energy
CTRA
| $3.26M | 0.03% |
110,500
+10,000
| +10% | +$283K |
|
|
RHT
161
DELISTED
Red Hat Inc
RHT
| $3.2M | 0.02% |
42,190
+12,823
| +44% | +$869K |
|
162
General Dynamics
GD
$106B
| $3.17M | 0.02% |
+23,390
| New | +$3.21M |
|
163
Analog Devices
ADI
$190B
| $3.06M | 0.02% |
48,549
-20,060
| -29% | -$1.14M |
|
164
HF Sinclair
DINO
$14.5B
| $3.04M | 0.02% |
75,542
+47,516
| +170% | +$1.82M |
|
165
Intuit
INTU
$89B
| $3.04M | 0.02% |
+31,372
| New | +$2.91M |
|
166
Elevance Health
ELV
$85.5B
| $3.02M | 0.02% |
19,541
-7,600
| -28% | -$1.08M |
|
|
ARG
167
DELISTED
Airgas Inc
ARG
| $2.93M | 0.02% |
+27,600
| New | +$3.13M |
|
168
3M
MMM
$94.3B
| $2.9M | 0.02% |
+21,033
| New | +$2.9M |
|
|
CELG
169
DELISTED
Celgene Corp
CELG
| $2.8M | 0.02% |
+24,296
| New | +$2.9M |
|
170
C.H. Robinson
CHRW
$17.5B
| $2.76M | 0.02% |
37,726
+10,700
| +40% | +$782K |
|
171
Kinross Gold
KGC
$32.8B
| $2.68M | 0.02% |
1,205,000
-20,200
| -2% | -$58.8K |
|
|
VRN
172
DELISTED
Veren
VRN
| $2.67M | 0.02% |
123,218
+18,781
| +18% | +$428K |
|
|
DNR
173
DELISTED
Denbury Resources, Inc.
DNR
| $2.64M | 0.02% |
361,885
-1,246,130
| -77% | -$9.65M |
|
174
Cigna
CI
$74.6B
| $2.63M | 0.02% |
20,345
-6,636
| -25% | -$771K |
|
175
Altria Group
MO
$114B
| $2.61M | 0.02% |
+52,100
| New | +$2.77M |
|
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.