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
|
+$228M |
| 2 |
Procter & Gamble
PG
|
+$208M |
| 3 |
Johnson & Johnson
JNJ
|
+$184M |
| 4 |
Coca-Cola
KO
|
+$140M |
| 5 |
PepsiCo
PEP
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$485M |
| 2 |
Mondelez International
MDLZ
|
+$107M |
| 3 |
General Mills
GIS
|
+$40.7M |
| 4 |
Archer Daniels Midland
ADM
|
+$40.5M |
| 5 |
WBA
Walgreens Boots Alliance
WBA
|
+$40.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 28.39% |
| 2 | Healthcare | 17.39% |
| 3 | Consumer Discretionary | 15% |
| 4 | Financials | 5.26% |
| 5 | Technology | 4.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Carrier Global
CARR
$52.8B
| $16.4M | 0.11% |
336,646
+23,386
| +7% | +$1.05M |
|
152
Cardinal Health
CAH
$55.4B
| $16.3M | 0.1% |
285,333
+121,240
| +74% | +$7.08M |
|
153
Masco
MAS
$15.3B
| $16.2M | 0.1% |
275,764
+14,713
| +6% | +$907K |
|
154
Pool Corp
POOL
$7.5B
| $15.8M | 0.1% |
34,466
+7,323
| +27% | +$3.08M |
|
155
Agilent Technologies
A
$41.2B
| $15.7M | 0.1% |
+106,234
| New | +$14.5M |
|
156
LKQ Corp
LKQ
$6.29B
| $15.7M | 0.1% |
318,821
+29,168
| +10% | +$1.39M |
|
157
Pultegroup
PHM
$25.3B
| $15.6M | 0.1% |
286,180
+8,148
| +3% | +$456K |
|
158
T. Rowe Price
TROW
$24.3B
| $15.5M | 0.1% |
78,130
+10,175
| +15% | +$1.9M |
|
|
MASI
159
DELISTED
Masimo
MASI
| $15.4M | 0.1% |
63,600
+25,147
| +65% | +$5.74M |
|
|
BNY
160
Bank of New York Mellon
BNY
$107B
| $15.4M | 0.1% |
300,234
-553
| -0.2% | -$27.7K |
|
161
Emerson Electric
EMR
$88.3B
| $15.4M | 0.1% |
+159,777
| New | +$15M |
|
|
ABMD
162
DELISTED
Abiomed Inc
ABMD
| $15.3M | 0.1% |
48,921
+17,920
| +58% | +$5.5M |
|
163
Eaton
ETN
$174B
| $15.1M | 0.1% |
+101,747
| New | +$14.7M |
|
164
Southern Copper
SCCO
$166B
| $15M | 0.1% |
+252,097
| New | +$16.4M |
|
165
Dentsply Sirona
XRAY
$2.43B
| $14.9M | 0.1% |
235,771
+98,913
| +72% | +$6.52M |
|
166
Adobe
ADBE
$105B
| $14.9M | 0.1% |
+25,380
| New | +$13.1M |
|
167
Whirlpool
WHR
$2.82B
| $14.7M | 0.09% |
67,381
+3,119
| +5% | +$727K |
|
168
TE Connectivity
TEL
$62.6B
| $14.6M | 0.09% |
+108,137
| New | +$14.5M |
|
169
Vipshop
VIPS
$7.53B
| $14.6M | 0.09% |
724,971
-26,130
| -3% | -$657K |
|
170
Mohawk Industries
MHK
$9.22B
| $14.5M | 0.09% |
75,306
+5,481
| +8% | +$1.12M |
|
171
Casey's General Stores
CASY
$30.9B
| $14.5M | 0.09% |
74,279
+24,557
| +49% | +$5.29M |
|
172
Lennox International
LII
$15.2B
| $14.4M | 0.09% |
40,971
+2,504
| +7% | +$845K |
|
173
Fortune Brands Innovations
FBIN
$6.06B
| $14.1M | 0.09% |
165,536
+2,117
| +1% | +$185K |
|
174
Freshpet
FRPT
$3.22B
| $13.7M | 0.09% |
83,995
+29,632
| +55% | +$5.05M |
|
175
Texas Roadhouse
TXRH
$13.7B
| $13.6M | 0.09% |
141,442
+45,497
| +47% | +$4.48M |
|
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Ray Dalio's Q2 2021 Portfolio in Review
As of Q2 2021, Ray Dalio held 784 positions worth $15.6B, up 37% from $11.3B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Ray Dalio deployed $3.72B of net new capital in Q2 2021, opening 329 new positions and adding to 255 existing holdings. Its largest new stake was Linde: 103,503 shares worth $29.9M.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, up from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $485M trimmed.
- Ray Dalio's largest Q2 2021 buy was Linde: 103,503 shares worth $29.9M.
- Ray Dalio added most to Walmart Inc in Q2 2021, an estimated $228M increase.
- Ray Dalio's biggest Q2 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $485M.
- Ray Dalio fully exited Mondelez International in Q2 2021, selling an estimated $107M.
- Ray Dalio's ten largest holdings make up 33% of its $15.6B portfolio in Q2 2021.
- Ray Dalio opened 329 new positions and closed 80 in Q2 2021.
- Ray Dalio's portfolio value rose 37% quarter-over-quarter to $15.6B.
Based on Bridgewater Associates's 13F filing for Q2 2021, filed 13 Aug 2021.