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 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$33.8M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$32.6M |
| 3 |
Fossil Group
FOSL
|
+$14.2M |
| 4 |
Chipotle Mexican Grill
CMG
|
+$13.7M |
| 5 |
Suncor Energy
SU
|
+$13.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.25B |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$610M |
| 3 |
POT
Potash Corp Of Saskatchewan
POT
|
+$39.3M |
| 4 |
Apple
AAPL
|
+$25.8M |
| 5 |
AGU
Agrium
AGU
|
+$20.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 2.9% |
| 2 | Technology | 2.18% |
| 3 | Materials | 1.84% |
| 4 | Healthcare | 1.31% |
| 5 | Consumer Discretionary | 0.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
CenterPoint Energy
CNP
$26.8B
| $3.39M | 0.03% |
178,200
+149,530
| +522% | +$3.02M |
|
|
CTRA
152
DELISTED
Coterra Energy
CTRA
| $3.38M | 0.03% |
107,000
-3,500
| -3% | -$117K |
|
153
Martin Marietta Materials
MLM
$33B
| $3.35M | 0.03% |
23,657
+22,072
| +1,393% | +$3.22M |
|
154
Waste Management
WM
$91B
| $3.23M | 0.03% |
+69,713
| New | +$3.51M |
|
155
Archer Daniels Midland
ADM
$36.9B
| $3.23M | 0.03% |
66,903
+35,000
| +110% | +$1.77M |
|
156
EQT Corp
EQT
$32.3B
| $3.21M | 0.03% |
72,378
-2,572
| -3% | -$121K |
|
157
Microsoft
MSFT
$3.71T
| $3.19M | 0.03% |
72,365
-27,680
| -28% | -$1.26M |
|
158
Morgan Stanley
MS
$340B
| $3.11M | 0.03% |
+80,255
| New | +$3.05M |
|
159
Textron
TXT
$15.4B
| $3.11M | 0.03% |
+69,601
| New | +$3.16M |
|
160
Eldorado Gold
EGO
$9.89B
| $3.06M | 0.03% |
147,520
| – | – |
|
161
Home Depot
HD
$355B
| $3.05M | 0.03% |
27,480
-47,900
| -64% | -$5.36M |
|
162
Blackrock
BLK
$176B
| $2.98M | 0.03% |
+8,606
| New | +$3.14M |
|
163
Texas Instruments
TXN
$261B
| $2.95M | 0.03% |
57,308
-134,699
| -70% | -$7.43M |
|
164
Western Union
WU
$2.21B
| $2.95M | 0.03% |
144,989
-473,800
| -77% | -$10.1M |
|
|
JNPR
165
DELISTED
Juniper Networks
JNPR
| $2.94M | 0.03% |
113,238
-386,800
| -77% | -$10.2M |
|
166
Kinross Gold
KGC
$32.8B
| $2.81M | 0.03% |
1,205,000
| – | – |
|
167
Parker-Hannifin
PH
$135B
| $2.79M | 0.03% |
24,005
-39,555
| -62% | -$4.78M |
|
168
Altria Group
MO
$114B
| $2.77M | 0.03% |
56,600
+4,500
| +9% | +$228K |
|
169
Lincoln National
LNC
$8.81B
| $2.76M | 0.03% |
46,621
+18,600
| +66% | +$1.09M |
|
170
Gold Fields
GFI
$36.5B
| $2.73M | 0.03% |
846,000
-23,100
| -3% | -$86.5K |
|
171
NOV
NOV
$7B
| $2.71M | 0.03% |
56,065
+42,400
| +310% | +$2.18M |
|
172
Macy's
M
$6.68B
| $2.67M | 0.02% |
39,571
-87,500
| -69% | -$5.91M |
|
173
Pfizer
PFE
$153B
| $2.65M | 0.02% |
+83,380
| New | +$2.72M |
|
174
Teck Resources
TECK
$32.6B
| $2.6M | 0.02% |
262,400
-16,700
| -6% | -$216K |
|
175
AutoZone
AZO
$51.1B
| $2.58M | 0.02% |
3,868
-7,300
| -65% | -$5M |
|
Similar funds
Ray Dalio's Q2 2015 Portfolio in Review
As of Q2 2015, Ray Dalio held 438 positions worth $10.8B, down 16% from $12.8B the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Ray Dalio withdrew a net $1.96B in Q2 2015, closing 132 positions and reducing 100 holdings. Its most notable exit was Potash Corp Of Saskatchewan, an estimated $39.3M position sold in full.
By sector, the portfolio is most concentrated in Energy at 2.9% of assets, up from 2% a quarter earlier, followed by Technology and Materials.
Against the trend, Ray Dalio opened a new position in Fossil Group worth $12.7M.
- Ray Dalio's largest Q2 2015 buy was Fossil Group: 183,440 shares worth $12.7M.
- Ray Dalio added most to Vanguard FTSE Emerging Markets ETF in Q2 2015, an estimated $33.8M increase.
- Ray Dalio's biggest Q2 2015 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.25B.
- Ray Dalio fully exited Potash Corp Of Saskatchewan in Q2 2015, selling an estimated $39.3M.
- Ray Dalio's ten largest holdings make up 88% of its $10.8B portfolio in Q2 2015.
- Ray Dalio opened 110 new positions and closed 132 in Q2 2015.
- Ray Dalio's portfolio value fell 16% quarter-over-quarter to $10.8B.
Based on Bridgewater Associates's 13F filing for Q2 2015, filed 11 Aug 2015.