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 |
NFX
Newfield Exploration
NFX
|
+$44.6M |
| 2 |
Meta Platforms (Facebook)
META
|
+$35.1M |
| 3 |
XEC
CIMAREX ENERGY CO
XEC
|
+$33M |
| 4 |
AT&T
T
|
+$30.8M |
| 5 |
iShares MSCI Brazil ETF
EWZ
|
+$27.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$1.04B |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$833M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$391M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$147M |
| 5 |
iShares TIPS Bond ETF
TIP
|
+$92.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 3.02% |
| 2 | Energy | 2.11% |
| 3 | Consumer Discretionary | 2.02% |
| 4 | Financials | 1.95% |
| 5 | Consumer Staples | 1.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
PPG Industries
PPG
$26.6B
| $1.64M | 0.02% |
+14,666
| New | +$1.69M |
|
202
AMC Global Media
AMCX
$489M
| $1.62M | 0.02% |
+31,318
| New | +$1.63M |
|
203
Fortis
FTS
$28.7B
| $1.61M | 0.02% |
47,889
-1,099
| -2% | -$37.3K |
|
204
Alexandria Real Estate Equities
ARE
$8.56B
| $1.58M | 0.02% |
+12,680
| New | +$1.57M |
|
|
BKI
205
DELISTED
Black Knight, Inc. Common Stock
BKI
| $1.58M | 0.02% |
+33,453
| New | +$1.62M |
|
206
AGCO
AGCO
$7.2B
| $1.57M | 0.02% |
+24,172
| New | +$1.67M |
|
207
Jefferies Financial Group
JEF
$13.1B
| $1.55M | 0.01% |
+76,442
| New | +$1.73M |
|
208
Global Payments
GPN
$22.8B
| $1.55M | 0.01% |
+13,871
| New | +$1.53M |
|
209
Truist Financial
TFC
$64B
| $1.55M | 0.01% |
+29,719
| New | +$1.6M |
|
|
FISV
210
Fiserv Inc
FISV
$27.9B
| $1.55M | 0.01% |
+21,686
| New | +$1.52M |
|
211
Pembina Pipeline
PBA
$27.6B
| $1.54M | 0.01% |
49,415
-1,326
| -3% | -$43.9K |
|
212
Rockwell Automation
ROK
$49B
| $1.54M | 0.01% |
+8,841
| New | +$1.68M |
|
213
JPMorgan Chase
JPM
$950B
| $1.53M | 0.01% |
+13,924
| New | +$1.58M |
|
214
Iron Mountain
IRM
$36.1B
| $1.52M | 0.01% |
+46,415
| New | +$1.56M |
|
215
CACI
CACI
$14.2B
| $1.51M | 0.01% |
+9,979
| New | +$1.46M |
|
216
Regions Financial
RF
$26.8B
| $1.51M | 0.01% |
+81,087
| New | +$1.54M |
|
217
KeyCorp
KEY
$24.4B
| $1.5M | 0.01% |
+76,489
| New | +$1.6M |
|
218
Willis Towers Watson
WTW
$32B
| $1.49M | 0.01% |
+9,819
| New | +$1.54M |
|
219
Kinross Gold
KGC
$32.8B
| $1.49M | 0.01% |
377,957
-19,298
| -5% | -$77K |
|
|
PTR
220
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $1.49M | 0.01% |
21,342
-1,697
| -7% | -$123K |
|
221
Revvity
RVTY
$12.8B
| $1.48M | 0.01% |
+19,512
| New | +$1.51M |
|
222
Travel + Leisure Co
TNL
$4.7B
| $1.45M | 0.01% |
+27,967
| New | +$1.5M |
|
223
Steel Dynamics
STLD
$37.6B
| $1.44M | 0.01% |
+32,580
| New | +$1.5M |
|
224
AptarGroup
ATR
$8.61B
| $1.43M | 0.01% |
+15,902
| New | +$1.4M |
|
225
O-I Glass
OI
$1.08B
| $1.43M | 0.01% |
+65,808
| New | +$1.46M |
|
Similar funds
Ray Dalio's Q1 2018 Portfolio in Review
As of Q1 2018, Ray Dalio held 508 positions worth $10.5B, down 14% from $12.2B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Ray Dalio withdrew a net $1.74B in Q1 2018, closing 48 positions and reducing 116 holdings. Its most notable exit was Costco, an estimated $15.6M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 3% of assets, up from 1.7% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Ray Dalio opened a new position in Biogen worth $21.1M.
- Ray Dalio's largest Q1 2018 buy was Biogen: 77,197 shares worth $21.1M.
- Ray Dalio added most to Newfield Exploration in Q1 2018, an estimated $44.6M increase.
- Ray Dalio's biggest Q1 2018 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $1.04B.
- Ray Dalio fully exited Costco in Q1 2018, selling an estimated $15.6M.
- Ray Dalio's ten largest holdings make up 73% of its $10.5B portfolio in Q1 2018.
- Ray Dalio opened 262 new positions and closed 48 in Q1 2018.
- Ray Dalio's portfolio value fell 14% quarter-over-quarter to $10.5B.
Based on Bridgewater Associates's 13F filing for Q1 2018, filed 15 May 2018.