Ray Dalio’s Latest 13F Portfolio: Top 15 Stocks

Swati Goyal
7 min read

In This Article:

In this piece, we will take a look at Ray Dalio's latest 13F portfolio: top 15 stocks. If you want to skip our introduction to the well-known investor and want to jump ahead to the top stocks in this list, then head on over to Ray Dalio's Latest 13F Portfolio: Top 5 Stocks.

Ray Dalio is one of the most respected names on Wall Street. He has been successful in the investment world since he was 12. His business acumen, supplemented by a Harvard education, propelled Bridgewater Associates, a hedge fund he founded, into becoming the largest and one of the most successful hedge funds. The hedge fund's flagship fund, Pure Alpha 11, delivered an average annual return of 11.4% between 1991 and 2022, outperforming the overall market.

Founded in 1975, Bridgewater Associates deploys a distinctive investing strategy focusing on radical transparency, meritocracy and risk management. With Dalio as the co-chief investment officer, the hedge fund rose to become one of the most successful hedge funds by combining macroeconomic analysis and fundamental analysis to identify high-risk reward opportunities.

The $16.5 billion hedge fund currently manages assets from a wide range of clients, including institutional investors, pension funds and sovereign wealth funds. It boasts of a diversified portfolio with investments in services and consumer goods accounting for a big share in the equity markets holdings. The hedge fund is also heavily invested in the healthcare sector, with technology and financial sectors following suit.

Dalio's investment prowess became evident at the height of the financial crisis in 2008 as Bridgewater Associates delivered gains of 8.7%. In contrast, the S&P 500 tanked 38.5%, hurt by the bubble in the real estate sector that had a ripple effect on the financial sector. In 2018, Bridgewater Associates would yet again be in the spotlight as it posted returns of 14.6%, even as other hedge funds lost 6.7% on average.

As the bearish run started sending shockwaves in early 2022, Bridgewater added $10 billion worth of short positions, trades that ended up generating significant returns as European equities tumbled. The hedge fund's flagship fund returned 32% to investors in the first half. While it did incur significant losses in the second half, the gains in the first half were sufficient to ensure the hedge fund performed much better than the overall market as the S&P 500 fell 19%.

While Dalio gave up control of Bridgewater Associates in 2022, he still plays an active role in mentoring the current CEO, Nir Bar Dea, and other investment officers. He also sits on the board and remains an influential investor and market commentator.

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