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 Core MSCI Emerging Markets ETF
IEMG
|
+$89.7M |
| 2 |
Cummins
CMI
|
+$35.2M |
| 3 |
Royal Bank of Canada
RY
|
+$32.9M |
| 4 |
Toll Brothers
TOL
|
+$32.7M |
| 5 |
Toronto Dominion Bank
TD
|
+$31.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$188M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$147M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$76M |
| 4 |
NFX
Newfield Exploration
NFX
|
+$32.1M |
| 5 |
Procter & Gamble
PG
|
+$30.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 3.42% |
| 2 | Healthcare | 2.95% |
| 3 | Consumer Discretionary | 2.83% |
| 4 | Energy | 2.39% |
| 5 | Industrials | 2.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AMTD
176
DELISTED
TD Ameritrade Holding Corp
AMTD
| $2.79M | 0.03% |
+51,021
| New | +$3.04M |
|
177
Open Text
OTEX
$6.04B
| $2.76M | 0.03% |
+78,535
| New | +$2.76M |
|
178
F5
FFIV
$22.7B
| $2.74M | 0.03% |
15,903
-52,191
| -77% | -$8.7M |
|
179
Hyatt Hotels
H
$16.7B
| $2.73M | 0.03% |
+35,405
| New | +$2.82M |
|
|
FITB
180
Fifth Third Bancorp
FITB
$51.8B
| $2.67M | 0.03% |
93,173
+62,668
| +205% | +$1.99M |
|
181
Vertex Pharmaceuticals
VRTX
$126B
| $2.64M | 0.03% |
+15,509
| New | +$2.4M |
|
182
Gildan
GIL
$10.6B
| $2.63M | 0.03% |
93,404
+62,473
| +202% | +$1.81M |
|
183
Vale
VALE
$62.6B
| $2.57M | 0.03% |
200,262
-12,066
| -6% | -$165K |
|
184
Petrobras
PBR
$116B
| $2.43M | 0.02% |
242,518
+26,459
| +12% | +$339K |
|
185
MSC Industrial Direct
MSM
$6.86B
| $2.41M | 0.02% |
28,399
+19,587
| +222% | +$1.77M |
|
186
Microchip Technology
MCHP
$46B
| $2.41M | 0.02% |
52,982
+44,058
| +494% | +$2.04M |
|
187
Las Vegas Sands
LVS
$29.6B
| $2.39M | 0.02% |
31,301
-37,855
| -55% | -$2.89M |
|
|
PTR
188
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $2.34M | 0.02% |
30,710
+9,368
| +44% | +$710K |
|
189
Edison International
EIX
$26.4B
| $2.29M | 0.02% |
36,262
+9,401
| +35% | +$587K |
|
190
Sensata Technologies
ST
$6.79B
| $2.26M | 0.02% |
47,560
+32,105
| +208% | +$1.67M |
|
191
BlackBerry
BB
$5.26B
| $2.25M | 0.02% |
233,263
+160,542
| +221% | +$1.79M |
|
192
Cencora
COR
$61.2B
| $2.22M | 0.02% |
26,062
-171,070
| -87% | -$15M |
|
193
Entergy
ETR
$50B
| $2.16M | 0.02% |
+53,554
| New | +$2.12M |
|
|
ALXN
194
DELISTED
Alexion Pharmaceuticals
ALXN
| $2.12M | 0.02% |
+17,053
| New | +$1.99M |
|
195
Revvity
RVTY
$12.8B
| $2.1M | 0.02% |
28,622
+9,110
| +47% | +$683K |
|
196
Synopsys
SNPS
$79.7B
| $2.09M | 0.02% |
24,434
+3,925
| +19% | +$342K |
|
197
Cameco
CCJ
$42.4B
| $2.07M | 0.02% |
184,240
+168,111
| +1,042% | +$1.83M |
|
198
Whirlpool
WHR
$2.82B
| $1.97M | 0.02% |
13,475
-49,458
| -79% | -$7.51M |
|
199
Ameriprise Financial
AMP
$48.8B
| $1.96M | 0.02% |
13,983
+7,672
| +122% | +$1.09M |
|
200
Autoliv
ALV
$9B
| $1.93M | 0.02% |
+18,735
| New | +$2M |
|
Similar funds
Ray Dalio's Q2 2018 Portfolio in Review
As of Q2 2018, Ray Dalio held 552 positions worth $10B, down 4.6% from $10.5B the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Ray Dalio's Q2 2018 filing shows 92 new, 126 increased, 226 reduced and 92 closed positions. Its largest new stake was Cummins: 235,261 shares worth $31.3M. The largest sale was iShares MSCI Emerging Markets ETF, an estimated $188M.
By sector, the portfolio is most concentrated in Financials at 3.4% of assets, up from 2% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Ray Dalio's largest Q2 2018 buy was Cummins: 235,261 shares worth $31.3M.
- Ray Dalio added most to iShares Core MSCI Emerging Markets ETF in Q2 2018, an estimated $89.7M increase.
- Ray Dalio's biggest Q2 2018 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $188M.
- Ray Dalio fully exited Procter & Gamble in Q2 2018, selling an estimated $30.9M.
- Ray Dalio's ten largest holdings make up 70% of its $10B portfolio in Q2 2018.
- Ray Dalio opened 92 new positions and closed 92 in Q2 2018.
- Ray Dalio's portfolio value fell 4.6% quarter-over-quarter to $10B.
Based on Bridgewater Associates's 13F filing for Q2 2018, filed 13 Aug 2018.