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
|
+$224M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$174M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$55.6M |
| 4 |
VMW
VMware, Inc
VMW
|
+$29.1M |
| 5 |
Macy's
M
|
+$25.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$25.7M |
| 2 |
MON
Monsanto Co
MON
|
+$24.9M |
| 3 |
Gen Digital
GEN
|
+$24.8M |
| 4 |
Coca-Cola
KO
|
+$22.6M |
| 5 |
Applied Materials
AMAT
|
+$21.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 4.12% |
| 2 | Consumer Discretionary | 3.36% |
| 3 | Energy | 2.88% |
| 4 | Communication Services | 2.3% |
| 5 | Materials | 2.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Estee Lauder
EL
$32B
| $2.22M | 0.03% |
+25,234
| New | +$2.15M |
|
|
CTRA
177
DELISTED
Coterra Energy
CTRA
| $2.22M | 0.03% |
125,400
+7,900
| +7% | +$158K |
|
|
PTR
178
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $2.2M | 0.03% |
33,609
-2,088
| -6% | -$154K |
|
179
Gold Fields
GFI
$36.5B
| $2.16M | 0.03% |
780,400
-138,000
| -15% | -$365K |
|
180
Equinix
EQIX
$103B
| $2.13M | 0.03% |
+7,036
| New | +$2.06M |
|
|
TFCFA
181
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $2.06M | 0.03% |
+75,649
| New | +$2.19M |
|
|
BCR
182
DELISTED
CR Bard Inc.
BCR
| $2.04M | 0.03% |
10,786
-10,952
| -50% | -$2.05M |
|
183
Waste Management
WM
$91B
| $1.97M | 0.03% |
36,963
-20,550
| -36% | -$1.09M |
|
184
Crown Castle
CCI
$32.2B
| $1.92M | 0.03% |
22,257
+4,000
| +22% | +$340K |
|
|
CERN
185
DELISTED
Cerner Corp
CERN
| $1.91M | 0.02% |
31,722
-5,755
| -15% | -$354K |
|
186
Sherwin-Williams
SHW
$89.8B
| $1.9M | 0.02% |
21,900
-82,473
| -79% | -$7.14M |
|
187
W.W. Grainger
GWW
$60.2B
| $1.89M | 0.02% |
+9,328
| New | +$1.92M |
|
|
PX
188
DELISTED
Praxair Inc
PX
| $1.88M | 0.02% |
+18,360
| New | +$2M |
|
|
VRN
189
DELISTED
Veren
VRN
| $1.84M | 0.02% |
158,600
+15,900
| +11% | +$209K |
|
190
Core Laboratories
CLB
$521M
| $1.83M | 0.02% |
+16,842
| New | +$1.93M |
|
|
MJN
191
DELISTED
Mead Johnson Nutrition Company
MJN
| $1.83M | 0.02% |
23,153
-95,615
| -81% | -$7.53M |
|
|
SWN
192
DELISTED
Southwestern Energy Company
SWN
| $1.78M | 0.02% |
250,088
+73,387
| +42% | +$719K |
|
193
Boston Properties
BXP
$11.1B
| $1.75M | 0.02% |
+13,731
| New | +$1.71M |
|
194
Abbott
ABT
$187B
| $1.75M | 0.02% |
38,857
-43,600
| -53% | -$1.93M |
|
195
NextEra Energy
NEE
$177B
| $1.69M | 0.02% |
65,072
-47,200
| -42% | -$1.19M |
|
|
MXIM
196
DELISTED
Maxim Integrated Products
MXIM
| $1.67M | 0.02% |
43,840
-113,702
| -72% | -$4.35M |
|
197
Union Pacific
UNP
$174B
| $1.65M | 0.02% |
+21,147
| New | +$1.81M |
|
198
Boston Scientific
BSX
$71.5B
| $1.63M | 0.02% |
88,284
-15,400
| -15% | -$276K |
|
199
Teva Pharmaceuticals
TEVA
$41.2B
| $1.58M | 0.02% |
+24,100
| New | +$1.49M |
|
200
Cameco
CCJ
$42.4B
| $1.54M | 0.02% |
125,600
+18,100
| +17% | +$232K |
|
Similar funds
Ray Dalio's Q4 2015 Portfolio in Review
As of Q4 2015, Ray Dalio held 477 positions worth $7.71B, up 3.2% from $7.47B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Ray Dalio's Q4 2015 filing shows 47 new, 99 increased, 116 reduced and 214 closed positions. Its largest new stake was HF Sinclair: 317,080 shares worth $12.6M. The largest sale was Alphabet (Google) Class C, an estimated $25.7M.
By sector, the portfolio is most concentrated in Technology at 4.1% of assets, down from 4.2% a quarter earlier, followed by Consumer Discretionary and Energy.
- Ray Dalio's largest Q4 2015 buy was HF Sinclair: 317,080 shares worth $12.6M.
- Ray Dalio added most to Vanguard FTSE Emerging Markets ETF in Q4 2015, an estimated $224M increase.
- Ray Dalio's biggest Q4 2015 reduction was Gen Digital, cutting an estimated $24.8M.
- Ray Dalio fully exited Alphabet (Google) Class C in Q4 2015, selling an estimated $25.7M.
- Ray Dalio's ten largest holdings make up 80% of its $7.71B portfolio in Q4 2015.
- Ray Dalio opened 47 new positions and closed 214 in Q4 2015.
- Ray Dalio's portfolio value rose 3.2% quarter-over-quarter to $7.71B.
Based on Bridgewater Associates's 13F filing for Q4 2015, filed 11 Feb 2016.