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 |
Amazon
AMZN
|
+$293M |
| 2 |
Microsoft
MSFT
|
+$216M |
| 3 |
ExxonMobil
XOM
|
+$92M |
| 4 |
Cameco
CCJ
|
+$87.2M |
| 5 |
Advanced Micro Devices
AMD
|
+$67.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$256M |
| 2 |
Eli Lilly
LLY
|
+$148M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$140M |
| 4 |
Comcast
CMCSA
|
+$88.8M |
| 5 |
Procter & Gamble
PG
|
+$83.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 18.04% |
| 2 | Healthcare | 14.75% |
| 3 | Technology | 14.42% |
| 4 | Consumer Discretionary | 12.13% |
| 5 | Communication Services | 8.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
AstraZeneca
AZN
$250B
| $16.3M | 0.09% |
104,589
+54,958
| +111% | +$8.27M |
|
|
GRMN
177
Garmin
GRMN
$60B
| $16.3M | 0.09% |
+100,081
| New | +$15.8M |
|
178
Vanguard S&P 500 ETF
VOO
$1.01T
| $16.3M | 0.09% |
+32,601
| New | +$15.7M |
|
179
Sprouts Farmers Market
SFM
$8.01B
| $16.2M | 0.08% |
193,743
+38,662
| +25% | +$2.82M |
|
180
Union Pacific
UNP
$174B
| $16.1M | 0.08% |
71,200
+60,042
| +538% | +$14.1M |
|
181
AppFolio
APPF
$7.04B
| $16M | 0.08% |
65,350
-5,863
| -8% | -$1.37M |
|
182
Akamai
AKAM
$15.9B
| $15.9M | 0.08% |
177,038
+81,064
| +84% | +$7.84M |
|
183
Idexx Laboratories
IDXX
$46.2B
| $15.8M | 0.08% |
32,426
-2,099
| -6% | -$1.05M |
|
184
Yum! Brands
YUM
$41.1B
| $15.6M | 0.08% |
118,139
+53,421
| +83% | +$7.35M |
|
185
Chemed
CHE
$7.22B
| $15.6M | 0.08% |
28,822
+21,620
| +300% | +$12.4M |
|
186
Teck Resources
TECK
$32.6B
| $15.6M | 0.08% |
325,901
+33,070
| +11% | +$1.63M |
|
187
Vertex Pharmaceuticals
VRTX
$126B
| $15.6M | 0.08% |
33,229
-101,466
| -75% | -$44M |
|
188
Nucor
NUE
$62.1B
| $15.4M | 0.08% |
97,272
+50,703
| +109% | +$8.81M |
|
189
Diamondback Energy
FANG
$52.7B
| $15.3M | 0.08% |
76,640
-11,816
| -13% | -$2.35M |
|
190
WEX
WEX
$6.31B
| $15.3M | 0.08% |
86,378
+46,243
| +115% | +$9.43M |
|
191
TJX Companies
TJX
$178B
| $15.2M | 0.08% |
137,712
-2,076
| -1% | -$209K |
|
192
Denison Mines
DNN
$2.91B
| $15.1M | 0.08% |
+7,585,374
| New | +$16.1M |
|
193
Coca-Cola Consolidated
COKE
$12.8B
| $14.9M | 0.08% |
137,330
+52,980
| +63% | +$4.9M |
|
194
Aon
AON
$76B
| $14.8M | 0.08% |
50,490
| – | – |
|
195
Insight Enterprises
NSIT
$4.38B
| $14.7M | 0.08% |
74,152
+18,152
| +32% | +$3.53M |
|
196
VeriSign
VRSN
$26.6B
| $14.5M | 0.08% |
+81,455
| New | +$14.5M |
|
197
Aflac
AFL
$62.6B
| $14.3M | 0.07% |
160,630
-84,693
| -35% | -$7.28M |
|
198
Zoetis
ZTS
$30B
| $14.3M | 0.07% |
82,715
+22,281
| +37% | +$3.71M |
|
199
State Street
STT
$50.7B
| $14.3M | 0.07% |
193,095
+53,986
| +39% | +$4.02M |
|
200
Arch Capital
ACGL
$33.6B
| $14.1M | 0.07% |
139,847
+75,978
| +119% | +$7.39M |
|
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Ray Dalio's Q2 2024 Portfolio in Review
As of Q2 2024, Ray Dalio held 959 positions worth $19.2B, down 3.1% from $19.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Ray Dalio withdrew a net $757M in Q2 2024, closing 82 positions and reducing 390 holdings. Its most notable exit was Marathon Oil Corporation, an estimated $28.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 18% of assets, down from 19% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Ray Dalio opened a new position in Constellation Energy worth $38.9M.
- Ray Dalio's largest Q2 2024 buy was Constellation Energy: 194,333 shares worth $38.9M.
- Ray Dalio added most to Amazon in Q2 2024, an estimated $293M increase.
- Ray Dalio's biggest Q2 2024 reduction was Apple, cutting an estimated $256M.
- Ray Dalio fully exited Marathon Oil Corporation in Q2 2024, selling an estimated $28.8M.
- Ray Dalio's ten largest holdings make up 35% of its $19.2B portfolio in Q2 2024.
- Ray Dalio opened 282 new positions and closed 82 in Q2 2024.
- Ray Dalio's portfolio value fell 3.1% quarter-over-quarter to $19.2B.
Based on Bridgewater Associates's 13F filing for Q2 2024, filed 14 Aug 2024.