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 Core MSCI Emerging Markets ETF
IEMG
|
+$61.9M |
| 2 |
Coca-Cola
KO
|
+$46.9M |
| 3 |
Broadcom
AVGO
|
+$46.8M |
| 4 |
SLB Ltd
SLB
|
+$40.3M |
| 5 |
Netflix
NFLX
|
+$40.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$76.6M |
| 2 |
Johnson & Johnson
JNJ
|
+$75.4M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$49.3M |
| 4 |
Tradeweb Markets
TW
|
+$48M |
| 5 |
Visa
V
|
+$40.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 26.52% |
| 2 | Healthcare | 20.27% |
| 3 | Consumer Discretionary | 12.77% |
| 4 | Technology | 5.33% |
| 5 | Financials | 4.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
BJs Wholesale Club
BJ
$12.3B
| $17.2M | 0.1% |
240,351
+9,595
| +4% | +$646K |
|
152
Amdocs
DOX
$6.22B
| $17.1M | 0.1% |
202,734
+108,977
| +116% | +$9.84M |
|
153
Steel Dynamics
STLD
$37.6B
| $17.1M | 0.1% |
159,673
+127,492
| +396% | +$13.3M |
|
154
Tapestry
TPR
$32.8B
| $16.8M | 0.1% |
585,391
+296,960
| +103% | +$10.9M |
|
155
Targa Resources
TRGP
$55.1B
| $16.6M | 0.1% |
+194,123
| New | +$16.1M |
|
156
Henry Schein
HSIC
$9.82B
| $16.6M | 0.1% |
223,354
+60,608
| +37% | +$4.67M |
|
|
MRO
157
DELISTED
Marathon Oil Corporation
MRO
| $16.2M | 0.1% |
605,111
+366,924
| +154% | +$9.49M |
|
158
Monolithic Power Systems
MPWR
$68.9B
| $16.1M | 0.1% |
+34,779
| New | +$17.8M |
|
159
NetApp
NTAP
$37.2B
| $16.1M | 0.1% |
211,574
+84,711
| +67% | +$6.55M |
|
160
Albemarle
ALB
$15.5B
| $16M | 0.1% |
94,238
+12,526
| +15% | +$2.5M |
|
161
Sprouts Farmers Market
SFM
$8.01B
| $16M | 0.1% |
373,811
+94,325
| +34% | +$3.7M |
|
162
Hormel Foods
HRL
$13.8B
| $16M | 0.1% |
420,115
-113,703
| -21% | -$4.48M |
|
163
Vipshop
VIPS
$7.53B
| $15.9M | 0.1% |
992,938
-65,088
| -6% | -$1.06M |
|
164
Grand Canyon Education
LOPE
$3.98B
| $15.8M | 0.1% |
135,554
+27,495
| +25% | +$3.05M |
|
165
Cheniere Energy
LNG
$52.9B
| $15.8M | 0.1% |
95,176
+10,234
| +12% | +$1.65M |
|
166
Spotify
SPOT
$100B
| $15.4M | 0.09% |
99,550
+30,703
| +45% | +$4.68M |
|
167
American Homes 4 Rent
AMH
$12.5B
| $15.2M | 0.09% |
452,378
-343,009
| -43% | -$12.3M |
|
168
Prudential Financial
PRU
$41.8B
| $15.1M | 0.09% |
159,642
-89,235
| -36% | -$8.44M |
|
169
TransUnion
TRU
$15.3B
| $15.1M | 0.09% |
210,957
-67,984
| -24% | -$5.33M |
|
170
Bentley Systems
BSY
$10.7B
| $14.8M | 0.09% |
294,804
+4,392
| +2% | +$221K |
|
171
Harley-Davidson
HOG
$2.71B
| $14.7M | 0.09% |
443,800
+247,525
| +126% | +$8.61M |
|
172
Zoetis
ZTS
$30.5B
| $14.6M | 0.09% |
84,008
-14,979
| -15% | -$2.72M |
|
173
EOG Resources
EOG
$70.7B
| $14.5M | 0.09% |
114,783
-128,718
| -53% | -$16.4M |
|
174
Celsius Holdings
CELH
$7.1B
| $14.5M | 0.09% |
253,629
-6,012
| -2% | -$338K |
|
175
Centene
CNC
$32.5B
| $14.4M | 0.09% |
208,877
+65,832
| +46% | +$4.38M |
|
Similar funds
Ray Dalio's Q3 2023 Portfolio in Review
As of Q3 2023, Ray Dalio held 826 positions worth $16.5B, up 2.2% from $16.2B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Ray Dalio deployed $1.1B of net new capital in Q3 2023, opening 130 new positions and adding to 388 existing holdings. Its largest new stake was Broadcom: 540,410 shares worth $44.9M.
By sector, the portfolio is most concentrated in Consumer Staples at 27% of assets, down from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Vanguard FTSE Emerging Markets ETF, an estimated $76.6M trimmed.
- Ray Dalio's largest Q3 2023 buy was Broadcom: 540,410 shares worth $44.9M.
- Ray Dalio added most to iShares Core MSCI Emerging Markets ETF in Q3 2023, an estimated $61.9M increase.
- Ray Dalio's biggest Q3 2023 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $76.6M.
- Ray Dalio fully exited Corteva in Q3 2023, selling an estimated $19M.
- Ray Dalio's ten largest holdings make up 34% of its $16.5B portfolio in Q3 2023.
- Ray Dalio opened 130 new positions and closed 86 in Q3 2023.
- Ray Dalio's portfolio value rose 2.2% quarter-over-quarter to $16.5B.
Based on Bridgewater Associates's 13F filing for Q3 2023, filed 13 Nov 2023.