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
|
+$33.8M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$32.6M |
| 3 |
Fossil Group
FOSL
|
+$14.2M |
| 4 |
Chipotle Mexican Grill
CMG
|
+$13.7M |
| 5 |
Suncor Energy
SU
|
+$13.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.25B |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$610M |
| 3 |
POT
Potash Corp Of Saskatchewan
POT
|
+$39.3M |
| 4 |
Apple
AAPL
|
+$25.8M |
| 5 |
AGU
Agrium
AGU
|
+$20.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 2.9% |
| 2 | Technology | 2.18% |
| 3 | Materials | 1.84% |
| 4 | Healthcare | 1.31% |
| 5 | Consumer Discretionary | 0.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Emerson Electric
EMR
$88.3B
| $2.58M | 0.02% |
46,468
-17,029
| -27% | -$1M |
|
|
DD
177
DELISTED
Du Pont De Nemours E I
DD
| $2.5M | 0.02% |
+41,234
| New | +$2.78M |
|
178
Intuitive Surgical
ISRG
$134B
| $2.44M | 0.02% |
+45,351
| New | +$2.54M |
|
179
RTX Corp
RTX
$301B
| $2.4M | 0.02% |
+34,337
| New | +$2.52M |
|
|
VRN
180
DELISTED
Veren
VRN
| $2.38M | 0.02% |
117,733
-5,485
| -4% | -$128K |
|
181
Booking.com
BKNG
$161B
| $2.37M | 0.02% |
+51,500
| New | +$2.46M |
|
|
EA
182
DELISTED
Electronic Arts
EA
| $2.29M | 0.02% |
34,439
-260,204
| -88% | -$16M |
|
183
Cummins
CMI
$88.7B
| $2.27M | 0.02% |
+17,300
| New | +$2.38M |
|
184
Range Resources
RRC
$8.95B
| $2.18M | 0.02% |
44,100
-2,500
| -5% | -$143K |
|
185
Becton Dickinson
BDX
$48.7B
| $2.17M | 0.02% |
+15,742
| New | +$2.17M |
|
186
PVH
PVH
$4.04B
| $2.17M | 0.02% |
+18,819
| New | +$2.04M |
|
187
F5
FFIV
$22.7B
| $2.15M | 0.02% |
17,908
-35,389
| -66% | -$4.35M |
|
188
Boston Scientific
BSX
$71.5B
| $2.1M | 0.02% |
118,384
+7,300
| +7% | +$130K |
|
|
CA
189
DELISTED
CA, Inc.
CA
| $2.07M | 0.02% |
+70,664
| New | +$2.2M |
|
190
Core Laboratories
CLB
$521M
| $1.99M | 0.02% |
17,448
+15,282
| +706% | +$1.85M |
|
191
VeriSign
VRSN
$26.6B
| $1.98M | 0.02% |
32,131
-237,497
| -88% | -$15.3M |
|
192
Darden Restaurants
DRI
$24.4B
| $1.96M | 0.02% |
+30,869
| New | +$1.83M |
|
193
Murphy Oil
MUR
$4.78B
| $1.94M | 0.02% |
46,600
-1,800
| -4% | -$81.9K |
|
194
Danaher
DHR
$144B
| $1.92M | 0.02% |
33,332
-6,993
| -17% | -$401K |
|
|
TRQ
195
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $1.86M | 0.02% |
48,930
| – | – |
|
196
Air Products & Chemicals
APD
$67.6B
| $1.86M | 0.02% |
+14,668
| New | +$2M |
|
197
BCE
BCE
$21.2B
| $1.81M | 0.02% |
+42,700
| New | +$1.87M |
|
198
Gen Digital
GEN
$17.5B
| $1.81M | 0.02% |
+78,036
| New | +$1.9M |
|
|
CHK
199
DELISTED
Chesapeake Energy Corporation
CHK
| $1.81M | 0.02% |
810
-1,432
| -64% | -$4.04M |
|
200
Jabil
JBL
$35.8B
| $1.79M | 0.02% |
84,319
+57,200
| +211% | +$1.35M |
|
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Ray Dalio's Q2 2015 Portfolio in Review
As of Q2 2015, Ray Dalio held 438 positions worth $10.8B, down 16% from $12.8B the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Ray Dalio withdrew a net $1.96B in Q2 2015, closing 132 positions and reducing 100 holdings. Its most notable exit was Potash Corp Of Saskatchewan, an estimated $39.3M position sold in full.
By sector, the portfolio is most concentrated in Energy at 2.9% of assets, up from 2% a quarter earlier, followed by Technology and Materials.
Against the trend, Ray Dalio opened a new position in Fossil Group worth $12.7M.
- Ray Dalio's largest Q2 2015 buy was Fossil Group: 183,440 shares worth $12.7M.
- Ray Dalio added most to Vanguard FTSE Emerging Markets ETF in Q2 2015, an estimated $33.8M increase.
- Ray Dalio's biggest Q2 2015 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.25B.
- Ray Dalio fully exited Potash Corp Of Saskatchewan in Q2 2015, selling an estimated $39.3M.
- Ray Dalio's ten largest holdings make up 88% of its $10.8B portfolio in Q2 2015.
- Ray Dalio opened 110 new positions and closed 132 in Q2 2015.
- Ray Dalio's portfolio value fell 16% quarter-over-quarter to $10.8B.
Based on Bridgewater Associates's 13F filing for Q2 2015, filed 11 Aug 2015.