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
|
+$1.2B |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$388M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$144M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$58.6M |
| 5 |
Apple
AAPL
|
+$23.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
B
Barrick Mining
B
|
+$45.1M |
| 2 |
Cencora
COR
|
+$18.6M |
| 3 |
GG
Goldcorp Inc
GG
|
+$17.8M |
| 4 |
Bread Financial
BFH
|
+$17.5M |
| 5 |
MetLife
MET
|
+$16.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.47% |
| 2 | Energy | 2.95% |
| 3 | Consumer Discretionary | 2.32% |
| 4 | Healthcare | 2.04% |
| 5 | Materials | 1.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Carnival Corporation Ltd
CCL
$39.7B
| $1.57M | 0.02% |
32,229
-102,582
| -76% | -$4.74M |
|
|
BCR
202
DELISTED
CR Bard Inc.
BCR
| $1.55M | 0.02% |
6,915
-13,900
| -67% | -$3.13M |
|
203
Urban Outfitters
URBN
$6.59B
| $1.53M | 0.02% |
44,210
-152,119
| -77% | -$4.98M |
|
|
EA
204
DELISTED
Electronic Arts
EA
| $1.49M | 0.01% |
17,400
-52,400
| -75% | -$4.19M |
|
205
Intercontinental Exchange
ICE
$84.4B
| $1.43M | 0.01% |
+26,500
| New | +$1.45M |
|
|
WFT
206
DELISTED
Weatherford International plc
WFT
| $1.42M | 0.01% |
+252,400
| New | +$1.43M |
|
|
MRSH
207
Marsh
MRSH
$91.5B
| $1.34M | 0.01% |
19,900
+1,010
| +5% | +$67.7K |
|
208
American Express
AXP
$230B
| $1.33M | 0.01% |
20,700
-60,400
| -74% | -$3.88M |
|
209
TJX Companies
TJX
$178B
| $1.29M | 0.01% |
+34,482
| New | +$1.35M |
|
210
State Street
STT
$50.7B
| $1.24M | 0.01% |
17,800
-43,000
| -71% | -$2.81M |
|
211
Gen Digital
GEN
$17.5B
| $1.22M | 0.01% |
48,764
+29,000
| +147% | +$660K |
|
212
Boston Scientific
BSX
$71.5B
| $1.21M | 0.01% |
50,900
+41,216
| +426% | +$983K |
|
|
FLG
213
Flagstar Bank National Association
FLG
$5.82B
| $1.2M | 0.01% |
28,167
+15,134
| +116% | +$665K |
|
214
Ross Stores
ROST
$81.9B
| $1.19M | 0.01% |
+18,561
| New | +$1.14M |
|
215
Aon
AON
$76B
| $1.19M | 0.01% |
+10,569
| New | +$1.17M |
|
216
Altria Group
MO
$114B
| $1.14M | 0.01% |
+18,000
| New | +$1.2M |
|
217
Teva Pharmaceuticals
TEVA
$41.2B
| $1.14M | 0.01% |
24,700
| – | – |
|
218
Mastercard
MA
$493B
| $1.13M | 0.01% |
11,109
+5,609
| +102% | +$538K |
|
219
Ameriprise Financial
AMP
$48.8B
| $1.09M | 0.01% |
10,900
-15,300
| -58% | -$1.48M |
|
220
Emerson Electric
EMR
$88.3B
| $1.08M | 0.01% |
19,800
-138,517
| -87% | -$7.42M |
|
221
Fortune Brands Innovations
FBIN
$6.06B
| $1.07M | 0.01% |
21,528
+11,115
| +107% | +$581K |
|
222
Flowserve
FLS
$10.2B
| $1.07M | 0.01% |
22,100
-10,300
| -32% | -$489K |
|
223
CME Group
CME
$94.8B
| $1.03M | 0.01% |
+9,900
| New | +$1.03M |
|
224
Booking.com
BKNG
$161B
| $1.03M | 0.01% |
17,500
-70,000
| -80% | -$3.9M |
|
225
Cameco
CCJ
$42.4B
| $1.02M | 0.01% |
119,700
-7,200
| -6% | -$69.3K |
|
Similar funds
Ray Dalio's Q3 2016 Portfolio in Review
As of Q3 2016, Ray Dalio held 430 positions worth $10.2B, up 27% from $7.98B the previous quarter. Its ten largest holdings account for 84% of the portfolio.
Ray Dalio deployed $1.72B of net new capital in Q3 2016, opening 90 new positions and adding to 107 existing holdings. Its largest new stake was iShares Core MSCI Emerging Markets ETF: 1,319,320 shares worth $60.2M.
By sector, the portfolio is most concentrated in Technology at 3.5% of assets, up from 3.1% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was Cencora, an estimated $18.6M trimmed.
- Ray Dalio's largest Q3 2016 buy was iShares Core MSCI Emerging Markets ETF: 1,319,320 shares worth $60.2M.
- Ray Dalio added most to iShares MSCI Emerging Markets ETF in Q3 2016, an estimated $1.2B increase.
- Ray Dalio's biggest Q3 2016 reduction was Cencora, cutting an estimated $18.6M.
- Ray Dalio fully exited Barrick Mining in Q3 2016, selling an estimated $45.1M.
- Ray Dalio's ten largest holdings make up 84% of its $10.2B portfolio in Q3 2016.
- Ray Dalio opened 90 new positions and closed 131 in Q3 2016.
- Ray Dalio's portfolio value rose 27% quarter-over-quarter to $10.2B.
Based on Bridgewater Associates's 13F filing for Q3 2016, filed 9 Nov 2016.