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 MSCI Emerging Markets ETF
EEM
|
+$1.2B |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$388M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$144M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$58.6M |
| 5 |
Apple
AAPL
|
+$23.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
B
Barrick Mining
B
|
+$45.1M |
| 2 |
Cencora
COR
|
+$18.6M |
| 3 |
GG
Goldcorp Inc
GG
|
+$17.8M |
| 4 |
Bread Financial
BFH
|
+$17.5M |
| 5 |
MetLife
MET
|
+$16.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.47% |
| 2 | Energy | 2.95% |
| 3 | Consumer Discretionary | 2.32% |
| 4 | Healthcare | 2.04% |
| 5 | Materials | 1.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Abbott
ABT
$187B
| $2.62M | 0.03% |
62,000
-42,100
| -40% | -$1.8M |
|
|
ANDV
177
DELISTED
Andeavor
ANDV
| $2.59M | 0.03% |
32,600
-126,908
| -80% | -$9.78M |
|
178
BorgWarner
BWA
$13.9B
| $2.55M | 0.03% |
82,246
-131,942
| -62% | -$3.89M |
|
179
AutoZone
AZO
$51.1B
| $2.52M | 0.02% |
+3,280
| New | +$2.55M |
|
180
Starbucks
SBUX
$120B
| $2.43M | 0.02% |
44,900
-154,275
| -77% | -$8.63M |
|
181
Eldorado Gold
EGO
$9.89B
| $2.35M | 0.02% |
119,580
+14,880
| +14% | +$307K |
|
182
Factset
FDS
$10.2B
| $2.33M | 0.02% |
14,400
+10,500
| +269% | +$1.81M |
|
183
Public Service Enterprise Group
PEG
$37.7B
| $2.32M | 0.02% |
+55,457
| New | +$2.44M |
|
|
CHK
184
DELISTED
Chesapeake Energy Corporation
CHK
| $2.31M | 0.02% |
+1,838
| New | +$2.12M |
|
185
B2Gold
BTG
$6.7B
| $2.28M | 0.02% |
872,500
+199,300
| +30% | +$592K |
|
186
Fluor
FLR
$7.96B
| $2.25M | 0.02% |
+43,866
| New | +$2.26M |
|
187
SBA Communications
SBAC
$19.5B
| $2.2M | 0.02% |
+19,604
| New | +$2.22M |
|
188
Fastenal
FAST
$59.5B
| $2.19M | 0.02% |
+209,644
| New | +$2.23M |
|
|
CA
189
DELISTED
CA, Inc.
CA
| $2.13M | 0.02% |
+64,500
| New | +$2.17M |
|
|
SCHW
190
Charles Schwab
SCHW
$187B
| $2.12M | 0.02% |
+67,200
| New | +$1.97M |
|
191
Leggett & Platt
LEG
$1.31B
| $2.11M | 0.02% |
46,300
+38,100
| +465% | +$1.96M |
|
|
VRN
192
DELISTED
Veren
VRN
| $2.02M | 0.02% |
153,800
+700
| +0.5% | +$10.4K |
|
|
CERN
193
DELISTED
Cerner Corp
CERN
| $1.97M | 0.02% |
31,900
-22,100
| -41% | -$1.39M |
|
194
Corning
GLW
$143B
| $1.94M | 0.02% |
81,900
-13,600
| -14% | -$303K |
|
|
NGD
195
DELISTED
New Gold Inc
NGD
| $1.89M | 0.02% |
437,400
+78,700
| +22% | +$392K |
|
|
TRQ
196
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $1.79M | 0.02% |
60,550
-1,160
| -2% | -$37.4K |
|
197
Thermo Fisher Scientific
TMO
$220B
| $1.69M | 0.02% |
10,600
-1,866
| -15% | -$288K |
|
198
Tapestry
TPR
$32.8B
| $1.67M | 0.02% |
+45,700
| New | +$1.81M |
|
199
Lennar Class A
LEN
$21.2B
| $1.63M | 0.02% |
40,416
+13,417
| +50% | +$594K |
|
200
Eli Lilly
LLY
$1.06T
| $1.6M | 0.02% |
19,881
-57,581
| -74% | -$4.61M |
|
Similar funds
Ray Dalio's Q3 2016 Portfolio in Review
As of Q3 2016, Ray Dalio held 430 positions worth $10.2B, up 27% from $7.98B the previous quarter. Its ten largest holdings account for 84% of the portfolio.
Ray Dalio deployed $1.72B of net new capital in Q3 2016, opening 90 new positions and adding to 107 existing holdings. Its largest new stake was iShares Core MSCI Emerging Markets ETF: 1,319,320 shares worth $60.2M.
By sector, the portfolio is most concentrated in Technology at 3.5% of assets, up from 3.1% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was Cencora, an estimated $18.6M trimmed.
- Ray Dalio's largest Q3 2016 buy was iShares Core MSCI Emerging Markets ETF: 1,319,320 shares worth $60.2M.
- Ray Dalio added most to iShares MSCI Emerging Markets ETF in Q3 2016, an estimated $1.2B increase.
- Ray Dalio's biggest Q3 2016 reduction was Cencora, cutting an estimated $18.6M.
- Ray Dalio fully exited Barrick Mining in Q3 2016, selling an estimated $45.1M.
- Ray Dalio's ten largest holdings make up 84% of its $10.2B portfolio in Q3 2016.
- Ray Dalio opened 90 new positions and closed 131 in Q3 2016.
- Ray Dalio's portfolio value rose 27% quarter-over-quarter to $10.2B.
Based on Bridgewater Associates's 13F filing for Q3 2016, filed 9 Nov 2016.