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Ray Dalio's Top 5 New Buys

May 13, 2013 | About:
Holly LaFon

Holly LaFon

281 followers
Ray Dalio, a macro-oriented founder of the world’s largest hedge fund for two years running, Bridgewater Associates, bought 121 new U.S. stocks in the first quarter, according to GuruFocus’ Real Time Picks. With a total of 266 stocks in his portfolio, this amounts to a 17% turnover.

Dalio’s bullishness for the emerging markets continued during the quarter, as he increased his positions in emerging markets ETFs by double digits. Combined with the S&P 500 index, Dalio’s ETF positions account for almost 88% of his portfolio. The remaining 262 positions therefore have miniscule weightings.

The Top 5 New Buys

Boston Properties Inc. (BXP)

Dalio purchased 110,810 Boston Properties shares for $105 on average in the first quarter, for his fifth-largest new buy. Boston Properties shares have since increased 5.5% from his average purchase price.



Boston Properties is a $16.69 billion market cap REIT with a 2.16% dividend yield. It has a market cap of $16.64 billion; its shares were traded at around $110.91 with a P/E ratio of 65.20 and P/S ratio of 8.90. Boston Properties Inc had an annual average earnings growth of 4.1% over the past 10 years.

Expeditors International of Washington (EXPD)

Dalio bought 356,402 shares of Expeditors International for $41 per share on average in the first quarter, for his fourth largest new position. The stock has since declined 6% from his average purchase price.



Expeditors International of Washington Inc. was incorporated in the state of Washington in 1979 and began operations in 1981 by coordinating airfreight shipments from Asia to the U.S. Expeditors International of Washington has a market cap of $7.92 billion; its shares were traded at around $38.32 with a P/E ratio of 23.90 and P/S ratio of 1.30. The dividend yield of Expeditors International Of Washington Inc. stocks is 1.50%.

Expeditors International Of Washington Inc. had an annual average earnings growth of 12.1% over the past 10 years. GuruFocus rated Expeditors International Of Washington Inc. the business predictability rank of 2.5-star.

Walt Disney Co. (DIS)

Dalio bought 232,719 shares of Walt Disney Co. in the first quarter for $54 per share on average. Shares have since gained 24% from his average purchase price.



Walt Disney Company together with its subsidiaries is a worldwide entertainment Company with operations in five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive Media. Walt Disney Co. has a market cap of $120.28 billion; its shares were traded around $67.32 with a P/E ratio of 20.40 and P/S ratio of 2.80. The dividend yield of Walt Disney Co. stocks is 1.10%.

Walt Disney Co. had an annual average earnings growth of 9.8% over the past 10 years. GuruFocus rated Walt Disney Co. the business predictability rank of 4-star.

General Electric Co. (GE)

Dalio bought 612,976 shares of General Electric for $23 per share on average in the first quarter, for his second largest new buy. The shares have since gained 1% from his average purchase price.



General Electric Company was incorporated in 1892. It is a technology, media and financial services company. General Electric Co. has a market cap of $235.03 billion; its shares were traded around $22.85 with a P/E ratio of 15.80 and P/S ratio of 1.60. The dividend yield of General Electric Co. stocks is 3.20%.

CenturyLink Inc. (CTL)

Dalio bought 470,275 shares of CenturyLink for $37 per share on average in the first quarter, making it his largest new position, accounting for one fifteenth of one percent of his portfolio. Shares have gained 1% since from his average purchase price.



Centurylink Inc., an integrated communications company, has a market cap of $23.34 billion; its shares were traded around $37.68 with a P/E ratio of 30.10 and P/S ratio of 1.30. The dividend yield of Centurylink Inc. stocks is 7.20%. Centurylink Inc. had an annual average earnings growth of 4% over the past 10 years.

See Ray Dalio’s portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Ray Dalio.


Rating: 2.3/5 (6 votes)

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