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 |
Walmart Inc
WMT
|
+$71.2M |
| 2 |
Procter & Gamble
PG
|
+$68.3M |
| 3 |
Coca-Cola
KO
|
+$57.2M |
| 4 |
Lowe's Companies
LOW
|
+$50M |
| 5 |
PepsiCo
PEP
|
+$42.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$211M |
| 2 |
SPDR Gold Trust
GLD
|
+$211M |
| 3 |
iShares MSCI Emerging Markets ETF
EEM
|
+$186M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$146M |
| 5 |
iShares Gold Trust
IAU
|
+$114M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 27.76% |
| 2 | Consumer Discretionary | 17.03% |
| 3 | Healthcare | 11.47% |
| 4 | Financials | 6.12% |
| 5 | Industrials | 2.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
BorgWarner
BWA
$13.9B
| $11.1M | 0.1% |
+272,443
| New | +$10.6M |
|
152
Bright Horizons
BFAM
$3.86B
| $11M | 0.1% |
64,342
-1,204
| -2% | -$198K |
|
153
Allegion
ALLE
$14.4B
| $11M | 0.1% |
+87,781
| New | +$10.1M |
|
154
Lear
LEA
$8.18B
| $10.9M | 0.1% |
60,154
+56,826
| +1,708% | +$9.57M |
|
155
Casey's General Stores
CASY
$30.9B
| $10.7M | 0.09% |
49,722
+9,185
| +23% | +$1.84M |
|
156
A.O. Smith
AOS
$8.7B
| $10.7M | 0.09% |
+157,719
| New | +$9.59M |
|
157
Steris
STE
$23.1B
| $10.6M | 0.09% |
55,899
+6,668
| +14% | +$1.24M |
|
158
Molson Coors Class B
TAP
$8.1B
| $10.3M | 0.09% |
201,334
+19,708
| +11% | +$957K |
|
159
Advance Auto Parts
AAP
$3.49B
| $10.2M | 0.09% |
+55,670
| New | +$9.34M |
|
160
Guardant Health
GH
$22.6B
| $10.2M | 0.09% |
66,646
+10,279
| +18% | +$1.55M |
|
161
Restaurant Brands International
QSR
$25.8B
| $10.1M | 0.09% |
154,946
-3,879
| -2% | -$240K |
|
162
Cardinal Health
CAH
$55.4B
| $9.97M | 0.09% |
164,093
+14,477
| +10% | +$799K |
|
|
ABMD
163
DELISTED
Abiomed Inc
ABMD
| $9.88M | 0.09% |
31,001
+5,084
| +20% | +$1.63M |
|
164
Owens Corning
OC
$12.4B
| $9.85M | 0.09% |
+106,987
| New | +$8.97M |
|
165
Beyond Meat
BYND
$277M
| $9.68M | 0.09% |
74,358
+9,287
| +14% | +$1.37M |
|
166
US Foods
USFD
$24B
| $9.45M | 0.08% |
247,886
+34,944
| +16% | +$1.26M |
|
167
Under Armour
UAA
$2.6B
| $9.38M | 0.08% |
+423,141
| New | +$8.84M |
|
168
Pool Corp
POOL
$7.5B
| $9.37M | 0.08% |
+27,143
| New | +$9.45M |
|
169
Texas Roadhouse
TXRH
$13.7B
| $9.21M | 0.08% |
95,945
+21,580
| +29% | +$1.89M |
|
|
FRC
170
DELISTED
First Republic Bank
FRC
| $9.18M | 0.08% |
55,043
+29,714
| +117% | +$4.81M |
|
171
Teleflex
TFX
$5.98B
| $9.07M | 0.08% |
21,842
-11,007
| -34% | -$4.41M |
|
|
MASI
172
DELISTED
Masimo
MASI
| $8.83M | 0.08% |
38,453
+7,073
| +23% | +$1.78M |
|
173
Gentex
GNTX
$5.07B
| $8.76M | 0.08% |
+245,665
| New | +$8.73M |
|
174
Dentsply Sirona
XRAY
$2.43B
| $8.73M | 0.08% |
136,858
+26,220
| +24% | +$1.52M |
|
175
Ameriprise Financial
AMP
$48.8B
| $8.65M | 0.08% |
37,221
+17,902
| +93% | +$3.87M |
|
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Ray Dalio's Q1 2021 Portfolio in Review
As of Q1 2021, Ray Dalio held 652 positions worth $11.3B, down 1.9% from $11.6B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Ray Dalio withdrew a net $463M in Q1 2021, closing 197 positions and reducing 123 holdings. Its most notable exit was ServiceNow, an estimated $13.4M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Ray Dalio opened a new position in Lowe's Companies worth $55.4M.
- Ray Dalio's largest Q1 2021 buy was Lowe's Companies: 291,137 shares worth $55.4M.
- Ray Dalio added most to Walmart Inc in Q1 2021, an estimated $71.2M increase.
- Ray Dalio's biggest Q1 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $211M.
- Ray Dalio fully exited ServiceNow in Q1 2021, selling an estimated $13.4M.
- Ray Dalio's ten largest holdings make up 39% of its $11.3B portfolio in Q1 2021.
- Ray Dalio opened 127 new positions and closed 197 in Q1 2021.
- Ray Dalio's portfolio value fell 1.9% quarter-over-quarter to $11.3B.
Based on Bridgewater Associates's 13F filing for Q1 2021, filed 14 May 2021.