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 Core S&P 500 ETF
IVV
|
+$236M |
| 2 |
CVS Health
CVS
|
+$189M |
| 3 |
Mastercard
MA
|
+$155M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$112M |
| 5 |
Meta Platforms (Facebook)
META
|
+$111M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$814M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$763M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$315M |
| 4 |
SPDR Gold Trust
GLD
|
+$140M |
| 5 |
JD.com
JD
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 25.96% |
| 2 | Healthcare | 19.03% |
| 3 | Consumer Discretionary | 12.6% |
| 4 | Financials | 7.27% |
| 5 | Communication Services | 3.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Eaton
ETN
$174B
| $21M | 0.09% |
166,934
-32,705
| -16% | -$4.57M |
|
|
WBA
202
DELISTED
Walgreens Boots Alliance
WBA
| $21M | 0.09% |
554,851
+269,665
| +95% | +$11.6M |
|
203
Johnson Controls International
JCI
$92.2B
| $21M | 0.09% |
439,033
+26,149
| +6% | +$1.46M |
|
204
Insulet
PODD
$9.79B
| $21M | 0.09% |
96,383
-7,321
| -7% | -$1.66M |
|
205
DaVita
DVA
$11.7B
| $20.6M | 0.09% |
257,825
+139,248
| +117% | +$14.1M |
|
206
Occidental Petroleum
OXY
$55.9B
| $20.4M | 0.09% |
346,120
+232,269
| +204% | +$14.3M |
|
207
Take-Two Interactive
TTWO
$46.1B
| $20.2M | 0.09% |
164,845
+150,680
| +1,064% | +$19.2M |
|
208
Devon Energy
DVN
$47.3B
| $20M | 0.08% |
363,660
+295,285
| +432% | +$19.3M |
|
209
Xcel Energy
XEL
$48.8B
| $19.7M | 0.08% |
278,089
+124,101
| +81% | +$9.03M |
|
210
NVR
NVR
$17B
| $19.5M | 0.08% |
4,875
+2,429
| +99% | +$10.3M |
|
211
Cummins
CMI
$88.7B
| $19.4M | 0.08% |
99,992
+28,923
| +41% | +$5.78M |
|
|
PXD
212
DELISTED
Pioneer Natural Resource Co.
PXD
| $19.3M | 0.08% |
86,450
+48,907
| +130% | +$12.4M |
|
213
Ameriprise Financial
AMP
$48.8B
| $19.1M | 0.08% |
80,568
+62,277
| +340% | +$16.7M |
|
214
Exelon
EXC
$47B
| $19.1M | 0.08% |
422,512
+159,754
| +61% | +$7.51M |
|
|
MRO
215
DELISTED
Marathon Oil Corporation
MRO
| $19.1M | 0.08% |
+847,713
| New | +$22.7M |
|
216
Casey's General Stores
CASY
$30.9B
| $19.1M | 0.08% |
102,991
+4,908
| +5% | +$988K |
|
217
PPG Industries
PPG
$26.6B
| $19M | 0.08% |
166,082
+6,942
| +4% | +$868K |
|
218
Teleflex
TFX
$5.98B
| $18.9M | 0.08% |
76,901
-17,940
| -19% | -$5.23M |
|
219
US Bancorp
USB
$99.6B
| $18.7M | 0.08% |
406,405
+104,594
| +35% | +$5.22M |
|
|
DQ
220
Daqo New Energy
DQ
$996M
| $18.7M | 0.08% |
261,725
-20,009
| -7% | -$993K |
|
221
CF Industries
CF
$17.3B
| $18.4M | 0.08% |
214,527
+178,184
| +490% | +$17.3M |
|
222
Universal Health Services
UHS
$10.5B
| $18.3M | 0.08% |
181,848
+73,019
| +67% | +$9.14M |
|
223
Automatic Data Processing
ADP
$108B
| $18.3M | 0.08% |
87,181
+9,116
| +12% | +$2M |
|
224
Newmont
NEM
$119B
| $18M | 0.08% |
301,763
-245,545
| -45% | -$17.4M |
|
225
Crown Castle
CCI
$32.2B
| $18M | 0.08% |
106,689
+42,030
| +65% | +$7.65M |
|
Similar funds
Ray Dalio's Q2 2022 Portfolio in Review
As of Q2 2022, Ray Dalio held 1,084 positions worth $23.6B, down 4.9% from $24.8B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Ray Dalio deployed $1.38B of net new capital in Q2 2022, opening 116 new positions and adding to 613 existing holdings. Its largest new stake was Sea Limited: 459,240 shares worth $30.7M.
By sector, the portfolio is most concentrated in Consumer Staples at 26% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was iShares MSCI Emerging Markets ETF, an estimated $763M trimmed.
- Ray Dalio's largest Q2 2022 buy was Sea Limited: 459,240 shares worth $30.7M.
- Ray Dalio added most to iShares Core S&P 500 ETF in Q2 2022, an estimated $236M increase.
- Ray Dalio's biggest Q2 2022 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $763M.
- Ray Dalio fully exited Alibaba in Q2 2022, selling an estimated $814M.
- Ray Dalio's ten largest holdings make up 29% of its $23.6B portfolio in Q2 2022.
- Ray Dalio opened 116 new positions and closed 99 in Q2 2022.
- Ray Dalio's portfolio value fell 4.9% quarter-over-quarter to $23.6B.
Based on Bridgewater Associates's 13F filing for Q2 2022, filed 11 Aug 2022.