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 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$4.16B |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$3.37B |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.19B |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$43.3M |
| 5 |
Oracle
ORCL
|
+$32.3M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.48% |
| 2 | Energy | 2.06% |
| 3 | Financials | 1.14% |
| 4 | Materials | 0.95% |
| 5 | Healthcare | 0.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vanguard FTSE Emerging Markets ETF
VWO
$124B
| $3.85B | 33.68% |
+99,189,020
| New | +$4.16B |
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$823B
| $3.18B | 27.83% |
+19,818,900
| New | +$3.19B |
|
|
3
iShares MSCI Emerging Markets ETF
EEM
$29.5B
| $3.12B | 27.34% |
+81,119,678
| New | +$3.37B |
|
|
4
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33B
| $41.3M | 0.36% |
+363,755
| New | +$43.3M |
|
|
5
Oracle
ORCL
$423B
| $29.9M | 0.26% |
+973,582
| New | +$32.3M |
|
6
iShares Core S&P 500 ETF
IVV
$902B
| $28.2M | 0.25% |
+175,000
| New | +$28.3M |
|
7
Qualcomm
QCOM
$176B
| $22.9M | 0.2% |
+375,465
| New | +$24M |
|
8
F5
FFIV
$22.7B
| $21.3M | 0.19% |
+310,094
| New | +$23.9M |
|
|
AGN
9
DELISTED
Allergan Inc
AGN
| $21M | 0.18% |
+249,341
| New | +$25.9M |
|
|
ANDV
10
DELISTED
Andeavor
ANDV
| $20.1M | 0.18% |
+384,022
| New | +$21.5M |
|
|
EMC
11
DELISTED
EMC CORPORATION
EMC
| $19.4M | 0.17% |
+821,662
| New | +$19.4M |
|
12
Valero Energy
VLO
$85.9B
| $19M | 0.17% |
+546,257
| New | +$20.8M |
|
13
Berkshire Hathaway Class B
BRK.B
$1.13T
| $18.8M | 0.16% |
+167,539
| New | +$18.4M |
|
14
Franklin Resources
BEN
$17.2B
| $18.3M | 0.16% |
+403,914
| New | +$20.6M |
|
15
RTX Corp
RTX
$301B
| $18.3M | 0.16% |
+312,334
| New | +$18.5M |
|
16
Cognizant
CTSH
$26B
| $17.9M | 0.16% |
+570,436
| New | +$19M |
|
17
Micron Technology
MU
$991B
| $17.5M | 0.15% |
+1,219,160
| New | +$13.5M |
|
18
Coca-Cola
KO
$375B
| $17.1M | 0.15% |
+426,200
| New | +$17.6M |
|
19
HF Sinclair
DINO
$14.5B
| $16.9M | 0.15% |
+394,951
| New | +$18.9M |
|
20
Suncor Energy
SU
$70.3B
| $16.8M | 0.15% |
+571,500
| New | +$17.2M |
|
|
CTXS
21
DELISTED
Citrix Systems Inc
CTXS
| $16.5M | 0.14% |
+344,089
| New | +$17.8M |
|
|
CB
22
DELISTED
CHUBB CORPORATION
CB
| $16.2M | 0.14% |
+191,495
| New | +$16.8M |
|
|
MON
23
DELISTED
Monsanto Co
MON
| $15.9M | 0.14% |
+160,530
| New | +$16.8M |
|
24
UnitedHealth
UNH
$370B
| $14.8M | 0.13% |
+225,769
| New | +$14M |
|
25
Intel
INTC
$513B
| $13.9M | 0.12% |
+573,853
| New | +$13.6M |
|
Similar funds
Ray Dalio's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Ray Dalio, which disclosed 323 positions worth $11.4B. Its ten largest holdings account for 90% of the portfolio.
Its largest position is Vanguard FTSE Emerging Markets ETF: 99,189,020 shares worth $3.85B.
By sector, the portfolio is most concentrated in Technology at 2.5% of assets, followed by Energy and Financials.
- Ray Dalio's largest Q2 2013 buy was Vanguard FTSE Emerging Markets ETF: 99,189,020 shares worth $3.85B.
- Ray Dalio's ten largest holdings make up 90% of its $11.4B portfolio in Q2 2013.
- Ray Dalio disclosed 323 positions in Q2 2013, its first 13F filing on record.
Based on Bridgewater Associates's 13F filing for Q2 2013, filed 13 Aug 2013.