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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$217M |
| 2 |
Apple
AAPL
|
+$57.2M |
| 3 |
Coca-Cola
KO
|
+$24.2M |
| 4 |
POT
Potash Corp Of Saskatchewan
POT
|
+$21.7M |
| 5 |
Johnson & Johnson
JNJ
|
+$20.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$171M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$71.3M |
| 3 |
Gilead Sciences
GILD
|
+$52M |
| 4 |
Microsoft
MSFT
|
+$21.8M |
| 5 |
X
US Steel
X
|
+$15.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.03% |
| 2 | Materials | 2.19% |
| 3 | Energy | 1.97% |
| 4 | Healthcare | 1.2% |
| 5 | Industrials | 0.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Costco
COST
$420B
| $1.58M | 0.01% |
10,450
-27,800
| -73% | -$4.08M |
|
202
PG&E
PCG
$38.5B
| $1.57M | 0.01% |
+29,619
| New | +$1.64M |
|
|
TRQ
203
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $1.53M | 0.01% |
48,930
+3,610
| +8% | +$109K |
|
204
Archer Daniels Midland
ADM
$36.9B
| $1.51M | 0.01% |
31,903
-46,759
| -59% | -$2.23M |
|
205
Prologis
PLD
$133B
| $1.49M | 0.01% |
34,145
+5,400
| +19% | +$237K |
|
206
Public Storage
PSA
$61.3B
| $1.48M | 0.01% |
7,527
+900
| +14% | +$178K |
|
207
Cameco
CCJ
$42.4B
| $1.48M | 0.01% |
106,300
+9,800
| +10% | +$146K |
|
208
Ventas
VTR
$47.9B
| $1.45M | 0.01% |
+17,405
| New | +$1.5M |
|
209
Meta Platforms (Facebook)
META
$1.51T
| $1.45M | 0.01% |
+17,600
| New | +$1.38M |
|
210
Hershey
HSY
$36.6B
| $1.41M | 0.01% |
13,976
-4,500
| -24% | -$470K |
|
211
American Tower
AMT
$80.4B
| $1.39M | 0.01% |
+14,710
| New | +$1.43M |
|
212
Mondelez International
MDLZ
$79.9B
| $1.37M | 0.01% |
37,900
-82,600
| -69% | -$2.99M |
|
213
PPG Industries
PPG
$26.6B
| $1.31M | 0.01% |
+11,600
| New | +$1.33M |
|
214
Whirlpool
WHR
$2.82B
| $1.21M | 0.01% |
+5,969
| New | +$1.21M |
|
215
Berkshire Hathaway Class B
BRK.B
$1.13T
| $1.1M | 0.01% |
7,606
-31,790
| -81% | -$4.68M |
|
216
Akamai
AKAM
$15.9B
| $1.09M | 0.01% |
15,296
+400
| +3% | +$26.4K |
|
217
Royal Caribbean
RCL
$85.6B
| $1.06M | 0.01% |
13,000
-5,200
| -29% | -$411K |
|
218
Robert Half
RHI
$4.37B
| $1.06M | 0.01% |
17,445
-4,200
| -19% | -$253K |
|
219
CF Industries
CF
$17.3B
| $988K | 0.01% |
+17,415
| New | +$1.04M |
|
220
Simon Property Group
SPG
$72.3B
| $986K | 0.01% |
+5,042
| New | +$977K |
|
221
Molson Coors Class B
TAP
$8.09B
| $969K | 0.01% |
+13,021
| New | +$981K |
|
|
VAR
222
DELISTED
Varian Medical Systems, Inc.
VAR
| $937K | 0.01% |
11,359
-11,444
| -50% | -$918K |
|
223
JB Hunt Transport Services
JBHT
$25.2B
| $866K | 0.01% |
10,137
-4,300
| -30% | -$360K |
|
224
Ingredion
INGR
$6.58B
| $841K | 0.01% |
+10,809
| New | +$884K |
|
225
DuPont de Nemours
DD
$19.2B
| $811K | 0.01% |
6,672
-5,644
| -46% | -$670K |
|
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Ray Dalio's Q1 2015 Portfolio in Review
As of Q1 2015, Ray Dalio held 425 positions worth $12.8B, up 2.4% from $12.5B the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Ray Dalio's Q1 2015 filing shows 90 new, 147 increased, 87 reduced and 97 closed positions. Its largest new stake was Coca-Cola: 577,774 shares worth $23.4M. The largest sale was Vanguard FTSE Emerging Markets ETF, an estimated $171M.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.4% a quarter earlier, followed by Materials and Energy.
- Ray Dalio's largest Q1 2015 buy was Coca-Cola: 577,774 shares worth $23.4M.
- Ray Dalio added most to State Street SPDR S&P 500 ETF Trust in Q1 2015, an estimated $217M increase.
- Ray Dalio's biggest Q1 2015 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $171M.
- Ray Dalio fully exited US Steel in Q1 2015, selling an estimated $15.2M.
- Ray Dalio's ten largest holdings make up 88% of its $12.8B portfolio in Q1 2015.
- Ray Dalio opened 90 new positions and closed 97 in Q1 2015.
- Ray Dalio's portfolio value rose 2.4% quarter-over-quarter to $12.8B.
Based on Bridgewater Associates's 13F filing for Q1 2015, filed 14 May 2015.