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 MSCI Emerging Markets ETF
EEM
|
+$40.4M |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$30.4M |
| 3 |
iShares MSCI Brazil ETF
EWZ
|
+$21.9M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
+$21.6M |
| 5 |
Intel
INTC
|
+$21.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$36.2M |
| 2 |
BCE
BCE
|
+$29.7M |
| 3 |
VIAB
Viacom Inc. Class B
VIAB
|
+$27.3M |
| 4 |
Exelon
EXC
|
+$23M |
| 5 |
PepsiCo
PEP
|
+$22.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.99% |
| 2 | Energy | 2.82% |
| 3 | Consumer Discretionary | 2.8% |
| 4 | Materials | 2.25% |
| 5 | Healthcare | 2.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Cameco
CCJ
$42.4B
| $1.62M | 0.02% |
125,600
| – | – |
|
202
Eaton
ETN
$174B
| $1.55M | 0.02% |
24,831
-63,300
| -72% | -$3.5M |
|
|
TRQ
203
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $1.55M | 0.02% |
60,500
+9,830
| +19% | +$222K |
|
|
NGD
204
DELISTED
New Gold Inc
NGD
| $1.54M | 0.02% |
410,400
-162,500
| -28% | -$484K |
|
205
Host Hotels & Resorts
HST
$16B
| $1.53M | 0.02% |
91,658
-501,858
| -85% | -$7.55M |
|
|
CIT
206
DELISTED
CIT Group Inc.
CIT
| $1.49M | 0.02% |
+48,000
| New | +$1.51M |
|
207
Emerson Electric
EMR
$88.3B
| $1.47M | 0.02% |
+27,000
| New | +$1.3M |
|
208
Teck Resources
TECK
$32.6B
| $1.41M | 0.02% |
184,700
-212,400
| -53% | -$1.15M |
|
|
PTR
209
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $1.38M | 0.02% |
20,809
-12,800
| -38% | -$808K |
|
210
Teva Pharmaceuticals
TEVA
$41.2B
| $1.32M | 0.02% |
24,700
+600
| +2% | +$35.2K |
|
211
Deere & Co
DE
$168B
| $1.2M | 0.02% |
+15,600
| New | +$1.22M |
|
212
Gen Digital
GEN
$17.5B
| $1.17M | 0.01% |
63,464
-5,800
| -8% | -$112K |
|
213
Crown Castle
CCI
$32.2B
| $1.16M | 0.01% |
13,400
-8,857
| -40% | -$751K |
|
|
HBI
214
DELISTED
Hanesbrands
HBI
| $1.16M | 0.01% |
40,900
+32,900
| +411% | +$941K |
|
215
Campbell Soup
CPB
$6.87B
| $1.15M | 0.01% |
17,951
-87,490
| -83% | -$5.14M |
|
216
Cognizant
CTSH
$26B
| $1.1M | 0.01% |
17,600
-44,068
| -71% | -$2.56M |
|
217
Boston Properties
BXP
$11.1B
| $1.09M | 0.01% |
8,557
-5,174
| -38% | -$614K |
|
218
Weyerhaeuser
WY
$18.4B
| $1.08M | 0.01% |
+34,809
| New | +$930K |
|
219
Delta Air Lines
DAL
$60.1B
| $1.07M | 0.01% |
+22,000
| New | +$1.03M |
|
220
Phillips 66
PSX
$81.4B
| $1.05M | 0.01% |
12,129
-39,821
| -77% | -$3.24M |
|
221
Altria Group
MO
$114B
| $1.02M | 0.01% |
16,300
-3,200
| -16% | -$194K |
|
222
Monster Beverage
MNST
$88.4B
| $917K | 0.01% |
+41,244
| New | +$919K |
|
223
Public Service Enterprise Group
PEG
$37.7B
| $908K | 0.01% |
19,258
-172,100
| -90% | -$7.31M |
|
224
Martin Marietta Materials
MLM
$33B
| $893K | 0.01% |
+5,600
| New | +$770K |
|
225
Honeywell
HON
$78B
| $874K | 0.01% |
+8,677
| New | +$813K |
|
Similar funds
Ray Dalio's Q1 2016 Portfolio in Review
As of Q1 2016, Ray Dalio held 325 positions worth $7.9B, up 2.5% from $7.71B the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Ray Dalio's Q1 2016 filing shows 62 new, 91 increased, 96 reduced and 72 closed positions. Its largest new stake was iShares MSCI Brazil ETF: 1,018,511 shares worth $26.8M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $36.2M.
By sector, the portfolio is most concentrated in Technology at 4% of assets, down from 4.1% a quarter earlier, followed by Energy and Consumer Discretionary.
- Ray Dalio's largest Q1 2016 buy was iShares MSCI Brazil ETF: 1,018,511 shares worth $26.8M.
- Ray Dalio added most to iShares MSCI Emerging Markets ETF in Q1 2016, an estimated $40.4M increase.
- Ray Dalio's biggest Q1 2016 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $36.2M.
- Ray Dalio fully exited BCE in Q1 2016, selling an estimated $29.7M.
- Ray Dalio's ten largest holdings make up 82% of its $7.9B portfolio in Q1 2016.
- Ray Dalio opened 62 new positions and closed 72 in Q1 2016.
- Ray Dalio's portfolio value rose 2.5% quarter-over-quarter to $7.9B.
Based on Bridgewater Associates's 13F filing for Q1 2016, filed 13 May 2016.