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
|
+$219M |
| 2 |
Gilead Sciences
GILD
|
+$30.6M |
| 3 |
Microsoft
MSFT
|
+$27.5M |
| 4 |
POT
Potash Corp Of Saskatchewan
POT
|
+$20.5M |
| 5 |
Eastman Chemical
EMN
|
+$19.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$384M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$62M |
| 3 |
Apple
AAPL
|
+$30.1M |
| 4 |
RTX Corp
RTX
|
+$20.5M |
| 5 |
Fossil Group
FOSL
|
+$20M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.42% |
| 2 | Energy | 2.21% |
| 3 | Materials | 2.04% |
| 4 | Healthcare | 1.26% |
| 5 | Industrials | 0.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Hershey
HSY
$36.6B
| $1.92M | 0.02% |
18,476
-600
| -3% | -$58.4K |
|
202
CNX Resources
CNX
$5.2B
| $1.91M | 0.02% |
67,704
+16,320
| +32% | +$495K |
|
203
The Mosaic Company
MOS
$7.33B
| $1.89M | 0.02% |
41,300
+14,300
| +53% | +$634K |
|
204
Baxter International
BAX
$14.2B
| $1.84M | 0.01% |
46,325
+12,335
| +36% | +$480K |
|
205
Alcoa
AA
$13.2B
| $1.84M | 0.01% |
+48,564
| New | +$1.88M |
|
206
PepsiCo
PEP
$190B
| $1.83M | 0.01% |
19,361
-21,892
| -53% | -$2.1M |
|
207
Lincoln National
LNC
$8.81B
| $1.82M | 0.01% |
31,492
-1,000
| -3% | -$54.4K |
|
|
WFM
208
DELISTED
Whole Foods Market Inc
WFM
| $1.82M | 0.01% |
36,021
-196,500
| -85% | -$8.66M |
|
209
Coca-Cola Europacific Partners
CCEP
$47.9B
| $1.77M | 0.01% |
40,076
-108,416
| -73% | -$4.68M |
|
|
PX
210
DELISTED
Praxair Inc
PX
| $1.75M | 0.01% |
13,497
+3,566
| +36% | +$452K |
|
|
VAR
211
DELISTED
Varian Medical Systems, Inc.
VAR
| $1.73M | 0.01% |
+22,803
| New | +$1.7M |
|
212
Bank of America
BAC
$442B
| $1.71M | 0.01% |
+95,391
| New | +$1.63M |
|
|
WBA
213
DELISTED
Walgreens Boots Alliance
WBA
| $1.7M | 0.01% |
+22,260
| New | +$1.49M |
|
214
Western Digital
WDC
$150B
| $1.68M | 0.01% |
20,029
-638
| -3% | -$48.2K |
|
215
Cameco
CCJ
$42.4B
| $1.59M | 0.01% |
96,500
+21,900
| +29% | +$376K |
|
216
Alphabet (Google) Class C
GOOG
$4.32T
| $1.53M | 0.01% |
57,959
-22,040
| -28% | -$591K |
|
217
Royal Caribbean
RCL
$85.6B
| $1.5M | 0.01% |
18,200
+12,300
| +208% | +$863K |
|
218
NextEra Energy
NEE
$177B
| $1.49M | 0.01% |
56,140
+10,800
| +24% | +$273K |
|
219
Thermo Fisher Scientific
TMO
$220B
| $1.49M | 0.01% |
+11,899
| New | +$1.45M |
|
220
American Eagle Outfitters
AEO
$3.01B
| $1.49M | 0.01% |
107,300
+72,900
| +212% | +$986K |
|
221
Brinker International
EAT
$9.66B
| $1.43M | 0.01% |
24,324
+15,600
| +179% | +$851K |
|
222
Williams-Sonoma
WSM
$29.6B
| $1.43M | 0.01% |
37,706
+21,000
| +126% | +$728K |
|
223
DuPont de Nemours
DD
$19.2B
| $1.42M | 0.01% |
+12,316
| New | +$1.5M |
|
|
TRQ
224
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $1.41M | 0.01% |
45,320
+9,490
| +26% | +$310K |
|
225
Honeywell
HON
$78B
| $1.39M | 0.01% |
15,464
-2,893
| -16% | -$249K |
|
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Ray Dalio's Q4 2014 Portfolio in Review
As of Q4 2014, Ray Dalio held 456 positions worth $12.5B, down 2.4% from $12.8B the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Ray Dalio's Q4 2014 filing shows 93 new, 144 increased, 94 reduced and 121 closed positions. Its largest new stake was Potash Corp Of Saskatchewan: 601,600 shares worth $21.3M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $384M.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 2.6% a quarter earlier, followed by Energy and Materials.
- Ray Dalio's largest Q4 2014 buy was Potash Corp Of Saskatchewan: 601,600 shares worth $21.3M.
- Ray Dalio added most to Vanguard FTSE Emerging Markets ETF in Q4 2014, an estimated $219M increase.
- Ray Dalio's biggest Q4 2014 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $384M.
- Ray Dalio fully exited United Parcel Service in Q4 2014, selling an estimated $14.7M.
- Ray Dalio's ten largest holdings make up 89% of its $12.5B portfolio in Q4 2014.
- Ray Dalio opened 93 new positions and closed 121 in Q4 2014.
- Ray Dalio's portfolio value fell 2.4% quarter-over-quarter to $12.5B.
Based on Bridgewater Associates's 13F filing for Q4 2014, filed 11 Feb 2015.