Ray Dalio

Ray Dalio

Last Update: 02-10-2017

Number of Stocks: 268
Number of New Stocks: 77

Total Value: $10,528 Mil
Q/Q Turnover: 14%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Ray Dalio Watch

  • Underperforming Stocks in Gurus' Portfolios

    While gurus hold positions in these companies, the stock prices and returns continue to fall. These are the worst-performing stocks over the last three months with a long-term presence in more than four gurus’ portfolios.

    Endo International PLC (ENDP) had a negative performance of 42.7% over the last six months. Despite this, four mutual funds are holding the stock with a total weight of 2.40% on their portfolios.


  • 7 of the Best-Performing Stocks

    According to GuruFocus' All-in-One Guru Screener, the following are some of the stocks that have outperformed the Standard & Poor's 500 Index over the last 12 months and were bought by gurus during the last quarter.

    Seattle Genetics Inc. (SGEN) with a market cap of $8.52 billion has outperformed the S&P 500 Index by 99.4% over the last 12 months.


  • Ray Dalio Expands ETF Empire in 4th Quarter

    Ray Dalio (Trades, Portfolio) founded Bridgewater Associates, a Connecticut-based hedge fund that currently has $165 billion in assets under management (AUM). During fourth-quarter 2016, Dalio increased his positions in four exchange-traded funds: Vanguard FTSE Emerging Markets (ARCA:VWO), iShares Core MSCI Emerging Markets (ARCA:IEMG), iShares MSCI South Korea Capped Index Fund (ARCA:EWY) and iShares MSCI Brazil Capped Index Fund (ARCA:EWZ). The Bridgewater hedge fund manager also reduced his positions in the SPDR S&P 500 (ARCA:SPY) and the iShares MSCI Emerging Index Fund (ARCA:EEM). With these transactions, Dalio increased his portfolio holdings by about 4.7% in the aggregate.

    Vanguard FTSE Emerging Markets ETF


  • GNC: Be Greedy When Others Are Fearful?

    Sometimes its good to follow Warren Buffett (Trades, Portfolio)’s advice and “Be greedy when others are fearful.” In the case of GNC Holdings Inc. (NYSE:GNC), I am not so sure. With earnings set to be released later this month, GNC has already had a horrific year with its stock down 23% since the beginning of 2017.

    The company’s roots date back to 1935 when David Shakarian open a health food store in downtown Pittsburgh. As legend has it, he only sold $35 worth of products that first day. Fast forward 80 years and the company generates north of $7 million a day. That is what intrigues me the most. The numbers look pretty solid.


  • Achieve Market Mastery Through Fallibilism and Perspectivism

    Macro Ops is dedicated to one thing: mastering the markets.

    But the path towards mastery is not linear. It is a messy one that requires constant iteration, observation, backtracking and improvement. Ray Dalio (Trades, Portfolio) has a good visual for it:


  • 7 Stocks You Could Buy to Beat the Market

    According to GuruFocus' All-in-One Guru Screener, the following are some of the stocks that have outperformed the Standard & Poor's 500 Index over the last 12 months and were bought by gurus during the last quarter.

    Companhia Siderurgica Nacional ADR (SID) with a market cap of $5.1 billion has outperformed the S&P 500 Index by 390.7% during the last 12 months.


  • Ray Dalio's Best Investments of 2016

    Ray Dalio (Trades, Portfolio) founded Connecticut-based hedge fund Bridgewater Associates in 1975. The following are the best performers of his investments.

    Vale SA ADR. (NYSE:VALE) with a market cap of $48.65 billion gained 300.4% in 2016. The guru's holding represents 0.08% of his total assets.


  • Know How Short-Term and Long-Term Debt Cycles Work

    Conventional economic “wisdom” fails to understand the role of credit/debt in our market-based system. Mainstream economics completely neglects to understand not only credit's effect on demand, but also how this credit demand fluctuates in both short- and long-term cycles.

    Now when I say cycles, don’t roll your eyes and think I’m some tinfoil hat-wearing conspiracy theorist. I don’t believe in Elliot Waves or Fibonacci or Pi or that some other hidden universal force has set us on a predetermined path of repetition – though I admit, I do look good in tinfoil.


  • Trading Lessons From the Great Ray Dalio

    Ray Dalio (Trades, Portfolio) is the founder of Bridgewater. Two years ago, Bridgewater surpassed George Soros’ Quantum fund for the title of most profitable hedge fund of all time, returning over $46 billion since inception.

    Dalio is one of the more original thinkers alive today. In the investing world he stands alone in his depth of understanding of how the “economic machine” works. His “principles” for life and management are like beautiful computer code designed to produce desired outcomes while stripping away the nonessential. The man is a philosophizing engineer taking apart and designing machines for all aspects of life. Dalio has devoted himself to pursuing truth at all costs. (I know, it sounds like I’m fawning, but I admire the guy’s thinking. He’s also one of my three favorite traders next to Livermore and Soros.)


  • 9 Stocks Ray Dalio Continues to Buy

    Ray Dalio (Trades, Portfolio) founded his Connecticut-based hedge fund, Bridgewater Associates, in 1975. In both the second quarter and third quarter, the guru increased his position in the following stocks:

    Celgene Corp. (NASDAQ:CELG)


  • Ray Dalio Sees First Above-Ground Digital Currency Company as Wave of Future

    Ray Dalio (Trades, Portfolio) is seeing digital fiat currency as the wave of the future, making an investment in electronic payment technology slightly more above-ground than bitcoin, as it will be used by one of the most legitimate of institutions, central banks.

    Considering the paper dollar passé, the company, eCurrency, brought together engineers and scientists to translate it into legal digital tender used and circulated exclusively by central banks of nations to any digital platform. eCurrency’s hardware, software and cryptographic technology enables the transactions.


  • Data Show Same ETF Indexes Luring Value Gurus and All Large Funds Regardless of Approach

    Investors prided on their individual stock picking strategy sometimes cast their bets on lists of stocks others picked out, called ETFs. In the third quarter, the rare event that noted investors with a value slant agreed with large U.S. funds of all stripes occurred. The majority of both groups signaled that certain sector ETFs deserved their money more than the vast universe of all others.

    Index investing’s big moment has been fueled by lackluster active management returns, high fees, regulation and a buoyant market. ETFs treat entire sectors like a stock but in a competition between the two leaders in each, a U.S. company trading on the S&P 500, itself an ETF of the broad market, would have won this year. NVIDIA Corp. (NASDAQ:NVDA), the highest returning stock year to date, soared 184.8%. The best-performing ETF, PureFunds ISE Junior Silver ETF (SILJ), followed on its heels with a 169.3% gain.


  • Ray Dalio Increases Long-Held Bet on Out-of-Favor Emerging Markets as Category Improves

    Known for founding the world’s largest hedge fund, the $150 billion Bridgewater Associates, Ray Dalio (Trades, Portfolio) has allocated ever more of its portfolio to emerging markets in the recent quarter as the category sees improvement over the past months.

    With the addition of two new emerging market ETFs and sharp increases to his existing ones, he built his cumulative emerging market position to 58.14% of the portfolio the portfolio, reflecting a meaningful increase from 48.94% in the previous quarter.


  • Warren Buffett Buys Airlines While Ray Dalio Sells Out

    Warren Buffett (Trades, Portfolio) caused a stir in the past month when he softened his previous negativity about airlines and bought shares of three. Ray Dalio (Trades, Portfolio), founder of the world’s largest hedge fund Bridgewater Associates, went the opposite direction from Buffett and sold out of the entire sector.

    Bridgewater oversees about $150 billion in assets and invests according to its understanding of the global economy and financial markets. Dalio is a big proponent of independent thinking and stresses radical transparency among the workers at his firm. An airline stock, Northeast Airlines, was his first security purchase ever, and it tripled, but only out of luck, he says in his book “Principles.”


  • What Trump Means for Markets

    It’s interesting how quickly the consensus around what a Donald Trump presidency means for markets went from “it would be an unequivocal disaster” to “his policies will bring forth a new and lasting economic expansion.”

    Moral of the story: Consensus has a habit of being wrong, and reality tends to be a bit more nuanced.


  • Ray Dalio Raises Apple, Intel in 3rd Quarter

    Ray Dalio (Trades, Portfolio) founded Greenwich, Connecticut-based hedge fund Bridgewater Associates in 1975. Now it has more than $165 billion under management. During the third quarter the guru’s largest trades were as follows:

    He closed his stake in Barrick Gold Corp. (ABX) with an impact of -0.57% on the portfolio.


  • 9 Companies Grantham Continues to Boost

    Jeremy Grantham (Trades, Portfolio) is the chairman of Grantham Mayo Van Otterloo, a Boston-based asset management firm. In both the second and third quarters the guru bought shares in the following stocks:

    Noble Corp. PLC (NE)


  • Ray Dalio: Reflections on the Trump Presidency, One Week After the Election

    Before and immediately after it was clear that Donald Trump had been elected, the markets (especially the stock market) had negative votes on the man (thinking he might be irresponsible), while after he got elected, the markets reacted to the man’s policies—so the correlations reversed. That shift was due to the changing complexion of market participants—those who drove the markets after his election were largely those who kept their powder dry until they saw the outcome and chose to process (and bet on) the policies themselves. As for us, we chose not to bet on whether or not he would be elected and/or whether or not he would be prudent because we didn’t have an edge in predicting these things. We try to improve our odds of being right by knowing when not to bet, which was the case.

    Having said that, we want to be clear that we think that the man’s policies will have a big impact on the world. Over the last few days, we have seen very early indications of what a Trump presidency might be like via his progress with appointments and initiatives, as well as other feedback that we are getting from various sources, but clearly it is too early to be confident about any assessments. What follows are simply our preliminary impressions from these. We want to make clear that we are distinguishing between a) the sensibility of the ideology (e.g., one leader’s policies might be “conservative/right” while another’s might be “liberal/left”) and b) the capabilities of the people driving these policies. To clarify the distinction, one could have capable people driving conservative/right policies or one can have incapable people driving them, and the same is true for liberal/left policies. To understand where we are likely to be headed, we need to assess both. To be clear, we are more non-ideological and practical/mechanical because to us economies and markets work like machines and our job is simply to understand how the levers will be moved and what outcome the moving of them is likely to produce.


  • Guru Pain Is Your Gain in McKesson

    Here is the deal. Steven Cohen and Ray Dalio added to their positions in McKesson (NYSE:MCK), and Jim Simons and Ronald Muhlenkamp each made McKesson a new buy over the last quarter. Then, the bottom fell out as the stock declined 34% since August, putting it on my radar when the price-earnings (P/E) dropped below 15 times.

    McKesson claims to be the “central nervous system of health care,” which is a great tagline from their website. This company is a pharmaceutical distributor with more than $100 billion in annual revenue. The company’s size and diverse products and services has it well positioned with both drug manufacturers and retail pharmacy clients.


  • Ray Dalio's Best-Performing Investments of the Year

    Ray Dalio (Trades, Portfolio) founded Greenwich, Connecticut-based hedge fund Bridgewater Associates in 1975. Now it has more than $165 billion under management. The firm claims 13% annual returns after fees.

    Dalio owns 341 stocks with a total value of $7.977 billion. The following are his best-performing investments of the year.


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