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
|
+$40.4M |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$30.4M |
| 3 |
iShares MSCI Brazil ETF
EWZ
|
+$21.9M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
+$21.6M |
| 5 |
Intel
INTC
|
+$21.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$36.2M |
| 2 |
BCE
BCE
|
+$29.7M |
| 3 |
VIAB
Viacom Inc. Class B
VIAB
|
+$27.3M |
| 4 |
Exelon
EXC
|
+$23M |
| 5 |
PepsiCo
PEP
|
+$22.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.99% |
| 2 | Energy | 2.82% |
| 3 | Consumer Discretionary | 2.8% |
| 4 | Materials | 2.25% |
| 5 | Healthcare | 2.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Illinois Tool Works
ITW
$85.3B
| $3.67M | 0.05% |
+35,779
| New | +$3.31M |
|
152
Corning
GLW
$143B
| $3.59M | 0.05% |
172,017
-60,100
| -26% | -$1.11M |
|
153
BorgWarner
BWA
$13.9B
| $3.59M | 0.05% |
106,097
+39,598
| +60% | +$1.17M |
|
|
CLR
154
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $3.57M | 0.05% |
117,660
+2,660
| +2% | +$60.1K |
|
155
MetLife
MET
$62.4B
| $3.56M | 0.05% |
+90,932
| New | +$3.4M |
|
156
Cenovus Energy
CVE
$52.1B
| $3.48M | 0.04% |
266,300
+3,100
| +1% | +$37.1K |
|
157
EQT Corp
EQT
$32.3B
| $3.4M | 0.04% |
92,926
+7,269
| +8% | +$233K |
|
158
C.H. Robinson
CHRW
$17.5B
| $3.39M | 0.04% |
45,656
-67,618
| -60% | -$4.64M |
|
|
AUY
159
DELISTED
Yamana Gold, Inc.
AUY
| $3.39M | 0.04% |
1,114,768
-309,700
| -22% | -$757K |
|
|
CTRA
160
DELISTED
Coterra Energy
CTRA
| $3.37M | 0.04% |
148,500
+23,100
| +18% | +$463K |
|
161
Kinross Gold
KGC
$32.8B
| $3.33M | 0.04% |
971,900
-538,900
| -36% | -$1.34M |
|
162
Labcorp
LH
$25.9B
| $3.3M | 0.04% |
32,825
+11,843
| +56% | +$1.14M |
|
163
Lowe's Companies
LOW
$125B
| $3.26M | 0.04% |
+42,992
| New | +$3.03M |
|
164
NVIDIA
NVDA
$5.42T
| $3.21M | 0.04% |
+3,608,840
| New | +$2.75M |
|
165
Analog Devices
ADI
$190B
| $3.17M | 0.04% |
53,581
-290,848
| -84% | -$15.5M |
|
166
Williams-Sonoma
WSM
$29.6B
| $2.97M | 0.04% |
+108,600
| New | +$2.95M |
|
|
MRO
167
DELISTED
Marathon Oil Corporation
MRO
| $2.95M | 0.04% |
264,500
+54,700
| +26% | +$511K |
|
|
MXIM
168
DELISTED
Maxim Integrated Products
MXIM
| $2.89M | 0.04% |
78,500
+34,660
| +79% | +$1.16M |
|
169
ResMed
RMD
$30.7B
| $2.87M | 0.04% |
+49,576
| New | +$2.81M |
|
170
PACCAR
PCAR
$70.1B
| $2.85M | 0.04% |
78,084
-99,200
| -56% | -$3.32M |
|
171
Royal Gold
RGLD
$19.5B
| $2.85M | 0.04% |
55,500
-18,100
| -25% | -$738K |
|
172
United Parcel Service
UPS
$88.9B
| $2.8M | 0.04% |
+26,533
| New | +$2.58M |
|
|
LVLT
173
DELISTED
Level 3 Communications Inc
LVLT
| $2.77M | 0.04% |
52,460
-85,040
| -62% | -$4.2M |
|
|
WBA
174
DELISTED
Walgreens Boots Alliance
WBA
| $2.76M | 0.03% |
+32,760
| New | +$2.62M |
|
175
Rockwell Automation
ROK
$49B
| $2.7M | 0.03% |
23,700
-20,709
| -47% | -$2.1M |
|
Similar funds
Ray Dalio's Q1 2016 Portfolio in Review
As of Q1 2016, Ray Dalio held 325 positions worth $7.9B, up 2.5% from $7.71B the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Ray Dalio's Q1 2016 filing shows 62 new, 91 increased, 96 reduced and 72 closed positions. Its largest new stake was iShares MSCI Brazil ETF: 1,018,511 shares worth $26.8M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $36.2M.
By sector, the portfolio is most concentrated in Technology at 4% of assets, down from 4.1% a quarter earlier, followed by Energy and Consumer Discretionary.
- Ray Dalio's largest Q1 2016 buy was iShares MSCI Brazil ETF: 1,018,511 shares worth $26.8M.
- Ray Dalio added most to iShares MSCI Emerging Markets ETF in Q1 2016, an estimated $40.4M increase.
- Ray Dalio's biggest Q1 2016 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $36.2M.
- Ray Dalio fully exited BCE in Q1 2016, selling an estimated $29.7M.
- Ray Dalio's ten largest holdings make up 82% of its $7.9B portfolio in Q1 2016.
- Ray Dalio opened 62 new positions and closed 72 in Q1 2016.
- Ray Dalio's portfolio value rose 2.5% quarter-over-quarter to $7.9B.
Based on Bridgewater Associates's 13F filing for Q1 2016, filed 13 May 2016.