Exploring Ray Dalio (Trades, Portfolio)'s Latest Investment Adjustments

Ray Dalio (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into his investment moves during this period. Ray Dalio (Trades, Portfolio) is the Founder, Co-Chairman, and Co-Chief Investment Officer of Bridgewater Associates. The guru started Bridgewater out of his two-bedroom apartment in New York in 1975. Under his leadership, the firm has grown into the fifth most important private company in the US according to Fortune Magazine. For his and Bridgewater's industry-changing innovations as well as his work advising policymakers around the world, Ray has been called the “Steve Jobs of Investing” by aiCIO Magazine and Wired Magazine, and named one of the 100 Most Influential People by TIME Magazine. Dalio is also the author of The New York Times #1 Bestseller "Principles," which outlines his work and life principles, the foundation of Bridgewater's distinctive culture and the cornerstone of his and Bridgewater’s success. Ray and Bridgewater also recently published "Principles for Navigating Big Debt Crises," the first public dissemination of their research on these economic events, which enabled them to anticipate the 2008 Financial Crisis. Dalio built Bridgewater using a principled-based approach, applying standard ways to deal with situations that occur over and over. With the goal of creating an idea meritocracy, he wrote a set of principles that became the framework for the firm's management philosophy. Chief among them is employing radical truth and radical transparency — encouraging open and honest dialogue and allowing the best thinking to prevail. His principles were captured in a TED Talk and published in a bestselling book in 2017. As a global macro-investment manager, Bridgewater takes a diversified approach spanning more than 150 different markets. With deep expertise in portfolio construction and risk management, the firm develops insights and design strategies to deliver value to its clients through any economic environment.

Summary of New Buy

Ray Dalio (Trades, Portfolio) added a total of 82 stocks, among them:

• The most significant addition was Tesla Inc (TSLA, Financial), with 153,589 shares, accounting for 0.28% of the portfolio and a total value of $62.03 million.
• The second largest addition to the portfolio was ServiceNow Inc (NOW, Financial), consisting of 56,394 shares, representing approximately 0.27% of the portfolio, with a total value of $59.78 million.
• The third largest addition was Brookfield Corp (BN, Financial), with 482,873 shares, accounting for 0.13% of the portfolio and a total value of $27.74 million.

Key Position Increases

Ray Dalio (Trades, Portfolio) also increased stakes in a total of 262 stocks, among them:

• The most notable increase was SPDR S&P 500 ETF Trust (SPY, Financial), with an additional 7,395,084 shares, bringing the total to 8,232,049 shares. This adjustment represents a significant 883.56% increase in share count, a 19.87% impact on the current portfolio, with a total value of $4,824,639,280.
• The second largest increase was AT&T Inc (T, Financial), with an additional 5,188,460 shares, bringing the total to 6,478,108. This adjustment represents a significant 402.32% increase in share count, with a total value of $147,506,520.

Summary of Sold Out

Ray Dalio (Trades, Portfolio) completely exited 165 holdings in the fourth quarter of 2024, as detailed below:

• Micron Technology Inc (MU, Financial): Ray Dalio (Trades, Portfolio) sold all 983,685 shares, resulting in a -0.58% impact on the portfolio.
• Vanguard S&P 500 ETF (VOO, Financial): Ray Dalio (Trades, Portfolio) liquidated all 172,089 shares, causing a -0.51% impact on the portfolio.

Key Position Reduces

Ray Dalio (Trades, Portfolio) also reduced positions in 344 stocks. The most significant changes include:

• Reduced Procter & Gamble Co (PG, Financial) by 1,161,762 shares, resulting in a -72.55% decrease in shares and a -1.14% impact on the portfolio. The stock traded at an average price of $170.27 during the quarter and has returned 3.47% over the past 3 months and 2.81% year-to-date.
• Reduced Walmart Inc (WMT, Financial) by 2,064,838 shares, resulting in a -72.6% reduction in shares and a -0.94% impact on the portfolio. The stock traded at an average price of $86.86 during the quarter and has returned 23.06% over the past 3 months and 16.19% year-to-date.

Portfolio Overview

At the fourth quarter of 2024, Ray Dalio (Trades, Portfolio)'s portfolio included 691 stocks, with top holdings including 22.12% in SPDR S&P 500 ETF Trust (SPY, Financial), 5.5% in iShares Core S&P 500 ETF (IVV, Financial), 4.23% in iShares Core MSCI Emerging Markets ETF (IEMG, Financial), 3.14% in Alphabet Inc (GOOGL, Financial), and 2.15% in NVIDIA Corp (NVDA, Financial).

The holdings are mainly concentrated in all 11 industries: Technology, Healthcare, Consumer Cyclical, Financial Services, Communication Services, Consumer Defensive, Utilities, Energy, Industrials, Basic Materials, and Real Estate.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.