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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$217M |
| 2 |
Apple
AAPL
|
+$57.2M |
| 3 |
Coca-Cola
KO
|
+$24.2M |
| 4 |
POT
Potash Corp Of Saskatchewan
POT
|
+$21.7M |
| 5 |
Johnson & Johnson
JNJ
|
+$20.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$171M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$71.3M |
| 3 |
Gilead Sciences
GILD
|
+$52M |
| 4 |
Microsoft
MSFT
|
+$21.8M |
| 5 |
X
US Steel
X
|
+$15.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.03% |
| 2 | Materials | 2.19% |
| 3 | Energy | 1.97% |
| 4 | Healthcare | 1.2% |
| 5 | Industrials | 0.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
176
Gilead Sciences
GILD
$165B
| $2.48M | 0.02% |
25,221
-512,100
| -95% | -$52M |
|
|
QVCGA
177
DELISTED
QVC Group Inc Series A
QVCGA
| $2.44M | 0.02% |
1,719
-268
| -13% | -$373K |
|
178
Range Resources
RRC
$8.95B
| $2.42M | 0.02% |
46,600
+5,000
| +12% | +$248K |
|
179
Host Hotels & Resorts
HST
$16B
| $2.32M | 0.02% |
114,818
+65,800
| +134% | +$1.47M |
|
180
Danaher
DHR
$144B
| $2.3M | 0.02% |
40,325
+5,208
| +15% | +$299K |
|
181
Ross Stores
ROST
$81.9B
| $2.3M | 0.02% |
43,668
-105,948
| -71% | -$5.24M |
|
182
Murphy Oil
MUR
$4.78B
| $2.25M | 0.02% |
48,400
+5,000
| +12% | +$242K |
|
183
Ovintiv
OVV
$16.4B
| $2.23M | 0.02% |
39,920
+3,080
| +8% | +$194K |
|
184
Humana
HUM
$46.2B
| $2.23M | 0.02% |
12,511
+3,500
| +39% | +$554K |
|
185
Boston Scientific
BSX
$71.5B
| $1.97M | 0.02% |
111,084
+21,900
| +25% | +$346K |
|
186
FMC
FMC
$1.33B
| $1.93M | 0.02% |
+38,804
| New | +$2.02M |
|
|
MXIM
187
DELISTED
Maxim Integrated Products
MXIM
| $1.89M | 0.01% |
54,191
+28,204
| +109% | +$963K |
|
188
CNX Resources
CNX
$5.2B
| $1.85M | 0.01% |
79,704
+12,000
| +18% | +$306K |
|
189
International Paper
IP
$22B
| $1.84M | 0.01% |
35,116
-21,120
| -38% | -$1.1M |
|
190
Rockwell Automation
ROK
$49B
| $1.8M | 0.01% |
15,520
-26,100
| -63% | -$2.93M |
|
191
Johnson Controls International
JCI
$92.2B
| $1.78M | 0.01% |
+33,695
| New | +$1.71M |
|
192
American Electric Power
AEP
$68.4B
| $1.75M | 0.01% |
+31,116
| New | +$1.85M |
|
|
NGD
193
DELISTED
New Gold Inc
NGD
| $1.74M | 0.01% |
519,900
-28,000
| -5% | -$110K |
|
194
Consolidated Edison
ED
$39.9B
| $1.73M | 0.01% |
+28,386
| New | +$1.84M |
|
195
ON Semiconductor
ON
$31.6B
| $1.71M | 0.01% |
141,050
+128,200
| +998% | +$1.47M |
|
|
IHS
196
DELISTED
IHS INC CL-A COM STK
IHS
| $1.63M | 0.01% |
+14,300
| New | +$1.65M |
|
197
Annaly Capital Management
NLY
$17.4B
| $1.62M | 0.01% |
38,925
-33,125
| -46% | -$1.41M |
|
198
Lincoln National
LNC
$8.81B
| $1.61M | 0.01% |
28,021
-3,471
| -11% | -$194K |
|
199
Stryker
SYK
$130B
| $1.61M | 0.01% |
17,433
+5,592
| +47% | +$520K |
|
|
ANDV
200
DELISTED
Andeavor
ANDV
| $1.59M | 0.01% |
17,440
-10,600
| -38% | -$889K |
|
Similar funds
Ray Dalio's Q1 2015 Portfolio in Review
As of Q1 2015, Ray Dalio held 425 positions worth $12.8B, up 2.4% from $12.5B the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Ray Dalio's Q1 2015 filing shows 90 new, 147 increased, 87 reduced and 97 closed positions. Its largest new stake was Coca-Cola: 577,774 shares worth $23.4M. The largest sale was Vanguard FTSE Emerging Markets ETF, an estimated $171M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.4% a quarter earlier, followed by Materials and Energy.
- Ray Dalio's largest Q1 2015 buy was Coca-Cola: 577,774 shares worth $23.4M.
- Ray Dalio added most to State Street SPDR S&P 500 ETF Trust in Q1 2015, an estimated $217M increase.
- Ray Dalio's biggest Q1 2015 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $171M.
- Ray Dalio fully exited US Steel in Q1 2015, selling an estimated $15.2M.
- Ray Dalio's ten largest holdings make up 88% of its $12.8B portfolio in Q1 2015.
- Ray Dalio opened 90 new positions and closed 97 in Q1 2015.
- Ray Dalio's portfolio value rose 2.4% quarter-over-quarter to $12.8B.
Based on Bridgewater Associates's 13F filing for Q1 2015, filed 14 May 2015.