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 |
Gen Digital
GEN
|
+$26M |
| 2 |
Eastman Chemical
EMN
|
+$24.8M |
| 3 |
The Mosaic Company
MOS
|
+$24.7M |
| 4 |
Kohl's
KSS
|
+$24.3M |
| 5 |
ESV
Ensco Rowan plc
ESV
|
+$23.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$1.65B |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$906M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$46.7M |
| 4 |
Apple
AAPL
|
+$30.1M |
| 5 |
Chipotle Mexican Grill
CMG
|
+$17.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 4.22% |
| 2 | Materials | 3.47% |
| 3 | Consumer Discretionary | 3.19% |
| 4 | Energy | 2.92% |
| 5 | Communication Services | 2.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Paychex
PAYX
$42.7B
| $1.68M | 0.02% |
35,355
-118,259
| -77% | -$5.51M |
|
202
Sally Beauty Holdings
SBH
$1.58B
| $1.64M | 0.02% |
+69,206
| New | +$1.92M |
|
|
VRN
203
DELISTED
Veren
VRN
| $1.63M | 0.02% |
142,700
+24,967
| +21% | +$351K |
|
204
Range Resources
RRC
$8.95B
| $1.54M | 0.02% |
48,100
+4,000
| +9% | +$156K |
|
|
LNKD
205
DELISTED
LinkedIn Corporation
LNKD
| $1.52M | 0.02% |
8,000
+6,200
| +344% | +$1.23M |
|
206
Wabtec
WAB
$49.3B
| $1.48M | 0.02% |
16,828
+8,800
| +110% | +$839K |
|
|
SNI
207
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $1.47M | 0.02% |
29,848
+26,254
| +730% | +$1.52M |
|
208
Newell Brands
NWL
$2.56B
| $1.46M | 0.02% |
+36,700
| New | +$1.54M |
|
209
Ovintiv
OVV
$16.4B
| $1.45M | 0.02% |
45,340
-54,180
| -54% | -$2.08M |
|
210
Crown Castle
CCI
$32.2B
| $1.44M | 0.02% |
+18,257
| New | +$1.48M |
|
211
Jacobs Solutions
J
$17B
| $1.44M | 0.02% |
46,401
+34,939
| +305% | +$1.17M |
|
212
Sensata Technologies
ST
$6.79B
| $1.44M | 0.02% |
32,416
+22,916
| +241% | +$1.11M |
|
213
Travel + Leisure Co
TNL
$4.7B
| $1.42M | 0.02% |
43,857
+31,674
| +260% | +$1.14M |
|
214
Flowserve
FLS
$10.2B
| $1.39M | 0.02% |
33,762
+24,500
| +265% | +$1.12M |
|
|
SGEN
215
DELISTED
Seagen Inc. Common Stock
SGEN
| $1.39M | 0.02% |
+36,000
| New | +$1.62M |
|
|
CHK
216
DELISTED
Chesapeake Energy Corporation
CHK
| $1.38M | 0.02% |
943
+133
| +16% | +$226K |
|
217
Hershey
HSY
$36.6B
| $1.37M | 0.02% |
14,883
-3,393
| -19% | -$309K |
|
|
TRQ
218
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $1.32M | 0.02% |
51,930
+3,000
| +6% | +$95.4K |
|
219
Reliance Steel & Aluminium
RS
$21.6B
| $1.31M | 0.02% |
+24,350
| New | +$1.43M |
|
220
Cameco
CCJ
$42.4B
| $1.3M | 0.02% |
107,500
+3,800
| +4% | +$51.4K |
|
221
Deluxe
DLX
$1.15B
| $1.26M | 0.02% |
+22,671
| New | +$1.37M |
|
222
Charles River Laboratories
CRL
$12.8B
| $1.25M | 0.02% |
+19,687
| New | +$1.41M |
|
223
Murphy Oil
MUR
$4.78B
| $1.23M | 0.02% |
50,600
+4,000
| +9% | +$128K |
|
224
Bio-Techne
TECH
$11.3B
| $1.2M | 0.02% |
+51,912
| New | +$1.3M |
|
225
Tractor Supply
TSCO
$18B
| $1.2M | 0.02% |
+71,080
| New | +$1.27M |
|
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Ray Dalio's Q3 2015 Portfolio in Review
As of Q3 2015, Ray Dalio held 516 positions worth $7.47B, down 31% from $10.8B the previous quarter. Its ten largest holdings account for 76% of the portfolio.
Ray Dalio withdrew a net $1.81B in Q3 2015, closing 86 positions and reducing 67 holdings. Its most notable exit was Chipotle Mexican Grill, an estimated $17.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 4.2% of assets, up from 2.2% a quarter earlier, followed by Materials and Consumer Discretionary.
Against the trend, Ray Dalio opened a new position in Wynn Resorts worth $12.7M.
- Ray Dalio's largest Q3 2015 buy was Wynn Resorts: 239,500 shares worth $12.7M.
- Ray Dalio added most to Gen Digital in Q3 2015, an estimated $26M increase.
- Ray Dalio's biggest Q3 2015 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $1.65B.
- Ray Dalio fully exited Chipotle Mexican Grill in Q3 2015, selling an estimated $17.4M.
- Ray Dalio's ten largest holdings make up 76% of its $7.47B portfolio in Q3 2015.
- Ray Dalio opened 210 new positions and closed 86 in Q3 2015.
- Ray Dalio's portfolio value fell 31% quarter-over-quarter to $7.47B.
Based on Bridgewater Associates's 13F filing for Q3 2015, filed 12 Nov 2015.