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
|
+$219M |
| 2 |
Gilead Sciences
GILD
|
+$30.6M |
| 3 |
Microsoft
MSFT
|
+$27.5M |
| 4 |
POT
Potash Corp Of Saskatchewan
POT
|
+$20.5M |
| 5 |
Eastman Chemical
EMN
|
+$19.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$384M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$62M |
| 3 |
Apple
AAPL
|
+$30.1M |
| 4 |
RTX Corp
RTX
|
+$20.5M |
| 5 |
Fossil Group
FOSL
|
+$20M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.42% |
| 2 | Energy | 2.21% |
| 3 | Materials | 2.04% |
| 4 | Healthcare | 1.26% |
| 5 | Industrials | 0.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Medtronic
MDT
$112B
| $2.65M | 0.02% |
36,632
+9,587
| +35% | +$666K |
|
177
Ovintiv
OVV
$16.4B
| $2.57M | 0.02% |
36,840
-700
| -2% | -$59.6K |
|
178
Wells Fargo
WFC
$264B
| $2.57M | 0.02% |
+46,881
| New | +$2.48M |
|
|
WFT
179
DELISTED
Weatherford International plc
WFT
| $2.53M | 0.02% |
+221,155
| New | +$3.31M |
|
|
CXO
180
DELISTED
CONCHO RESOURCES INC.
CXO
| $2.48M | 0.02% |
24,833
-3,667
| -13% | -$385K |
|
181
Las Vegas Sands
LVS
$29.6B
| $2.4M | 0.02% |
41,265
-32,189
| -44% | -$1.94M |
|
182
TechnipFMC
FTI
$27.3B
| $2.38M | 0.02% |
68,365
-24,530
| -26% | -$930K |
|
183
Fastenal
FAST
$59.5B
| $2.37M | 0.02% |
199,608
-64,616
| -24% | -$723K |
|
|
NGD
184
DELISTED
New Gold Inc
NGD
| $2.36M | 0.02% |
547,900
+83,800
| +18% | +$358K |
|
185
Perrigo
PRGO
$1.78B
| $2.32M | 0.02% |
+13,900
| New | +$2.17M |
|
|
186
RTX Corp
RTX
$301B
| $2.32M | 0.02% |
32,112
-300,720
| -90% | -$20.5M |
|
|
VRN
187
DELISTED
Veren
VRN
| $2.3M | 0.02% |
104,437
+18,994
| +22% | +$518K |
|
188
Range Resources
RRC
$8.95B
| $2.22M | 0.02% |
41,600
+9,600
| +30% | +$620K |
|
189
Murphy Oil
MUR
$4.78B
| $2.19M | 0.02% |
43,400
+10,300
| +31% | +$527K |
|
190
JPMorgan Chase
JPM
$950B
| $2.11M | 0.02% |
+33,742
| New | +$2.03M |
|
|
ANDV
191
DELISTED
Andeavor
ANDV
| $2.08M | 0.02% |
+28,040
| New | +$1.98M |
|
192
Tapestry
TPR
$32.8B
| $2.08M | 0.02% |
+55,485
| New | +$1.96M |
|
|
RHT
193
DELISTED
Red Hat Inc
RHT
| $2.03M | 0.02% |
29,367
-34,740
| -54% | -$2.1M |
|
194
Abbott
ABT
$187B
| $2.03M | 0.02% |
+45,000
| New | +$1.96M |
|
195
C.H. Robinson
CHRW
$17.5B
| $2.02M | 0.02% |
+27,026
| New | +$1.93M |
|
196
Danaher
DHR
$144B
| $2.02M | 0.02% |
+35,117
| New | +$1.9M |
|
|
MJN
197
DELISTED
Mead Johnson Nutrition Company
MJN
| $2.01M | 0.02% |
20,018
-27,601
| -58% | -$2.75M |
|
198
Southern Company
SO
$107B
| $1.96M | 0.02% |
40,000
+500
| +1% | +$23.6K |
|
199
Mastercard
MA
$493B
| $1.95M | 0.02% |
22,677
+17,400
| +330% | +$1.42M |
|
200
Stanley Black & Decker
SWK
$15.7B
| $1.92M | 0.02% |
20,000
+12,453
| +165% | +$1.15M |
|
Similar funds
Ray Dalio's Q4 2014 Portfolio in Review
As of Q4 2014, Ray Dalio held 456 positions worth $12.5B, down 2.4% from $12.8B the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Ray Dalio's Q4 2014 filing shows 93 new, 144 increased, 94 reduced and 121 closed positions. Its largest new stake was Potash Corp Of Saskatchewan: 601,600 shares worth $21.3M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $384M.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 2.6% a quarter earlier, followed by Energy and Materials.
- Ray Dalio's largest Q4 2014 buy was Potash Corp Of Saskatchewan: 601,600 shares worth $21.3M.
- Ray Dalio added most to Vanguard FTSE Emerging Markets ETF in Q4 2014, an estimated $219M increase.
- Ray Dalio's biggest Q4 2014 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $384M.
- Ray Dalio fully exited United Parcel Service in Q4 2014, selling an estimated $14.7M.
- Ray Dalio's ten largest holdings make up 89% of its $12.5B portfolio in Q4 2014.
- Ray Dalio opened 93 new positions and closed 121 in Q4 2014.
- Ray Dalio's portfolio value fell 2.4% quarter-over-quarter to $12.5B.
Based on Bridgewater Associates's 13F filing for Q4 2014, filed 11 Feb 2015.