In the second quarter, Bridgewater’s Ray Dalio further increased two of his top ETF holdings in a major way, while reducing another. Bridgewater Associates is the largest hedge fund in the world with around $120 billion under management. The portfolio of Bridgewater Associates currently lists 323 stocks, 156 of them new, a total value of $11.42 billion and a quarter-over-quarter turnover of 15%.
Here’s an update of Guru Dalio’s top six holdings as of June 30, 2013:
No. 1: Vanguard MSCI Emerging Markets ETF (VWO, Financial)
Weightings: 33.7%
Shares Owned: 99,189,020
Down 5% over 12 months, Vanguard MSCI Emerging Markets ETF has a market cap of $50.07 billion; its shares were traded at around $38.67. The dividend yield of Vanguard MSCI Emerging Markets ETF stocks is 3.70%.
Ray Dalio’s top holding is Vanguard MSCI Emerging Markets ETF (VWO) with 7.35% of shares outstanding and a portfolio weight of 33.7%.
Guru Action: As of June 30, 2013, Ray Dalio increased his position by 18.1%, buying 15,201,681 shares at an average price of $41.90, for a loss of 7.7%. He has averaged a loss of 8% on 99,906,520 shares bought at an average price of $42.22 per share. On shares sold, he has averaged a loss of 18% on 717,500 shares sold at an average price of $47.18 per share.
Historical share pricing:
No. 2: SPDR S&P 500 ETF (SPY, Financial)
Weightings: 27.8%
Shares Owned: 19,818,900
Up 18% over 12 months, SPDR S&P 500 ETF (SPY) has a market cap of $125.77 billion; its shares were traded at around $166.62. The dividend yield of SPDR S&P 500 ETF (SPY) stocks is 2.00%.
The SPDR S&P 500 ETF (SPY) trust is involved in the financial services industry. Its holdings are comprised of the 500 stocks in the S&P 500 Index, which is designed to capture the price performance of a large cross-section of the U.S. publicly traded stock market.
Guru Action: As of June 30, 2013, Ray Dalio reduced his position by 5.18%, selling 1,082,900 shares at an average price of $161.20, for a gain of 3.4%. He has averaged a gain of 65% on 24,447,200 shares bought at an average price of $101.16 per share. On shares sold, he has averaged a gain of 22% on 4,628,300 shares sold at an average price of $136.89 per share.
Ray Dalio holds 2.54% of SPY shares outstanding.
Historical share pricing:
No. 3: iShares MSCI Emerging Markets Index (ETF) (EEM)
Weightings: 27.3%
Shares Owned: 81,119,678
Down 2% over 12 months, iShares MSCI Emerging Markets Index ETF (EEM) has a market cap of $36.57 billion; its shares were traded at around $38.65. The dividend yield of iShares MSCI Emerging Markets Index ETF (EEM) stock is 2.00%.
Guru Action: As of June 30, 2013, Ray Dalio increased his position by 21.8%, buying 14,516,289 shares at an average price of $41.48, for a loss of 6.8%. Dalio has averaged a loss of 8% on 81,670,278 shares bought at an average price of $41.79 per share. On shares sold, he has averaged a loss of 17% on 550,600 shares sold at an average price of $46.47 per share.
Ray Dalio holds 8.25% of EEM shares outstanding.
Historical share pricing:
No. 4: iShares IBoxx $ Invest Grade Corporate Bond Fund (LQD)
Weightings: 0.36%
Shares Owned: 363,755
Down 7% over 12 months, the iShares IBoxx $ Invest Grade Corporate Bond Fund (LQD) has a market cap of $23.78 billion; its shares were traded at around $112.21. The dividend yield of iShares IBoxx $ Invest Grade Corporate Bond Fund stocks is 3.90%.
LQD seeks investment results that generally correspond to the price and yield performance of the corporate bond market as defined by the IBoxx $ Liquid Investment Grade Index.
Guru Action: As of June 30, 2013, Ray Dalio averaged a loss of 5.6% on 363,755 shares bought at an average price of $118.90 per share. Over his trading history, he has averaged a gain of 1% on those same shares.
Ray Dalio holds 0.17% of LQD shares outstanding.
Historical share pricing:
No. 5: Oracle Corporation (ORCL, Financial)
Weightings: 0.26%
Shares Owned: 973,582
Down 8% since January, Oracle Corporation has a market cap of $150.04 billion; its shares were traded at around $31.77 with a P/E ratio of 14.20. The P/S is 4.22. The dividend yield of Oracle Corporation stocks is 0.74%. The company has had an annual average earnings growth of 20% over the past 10 years. GuruFocus rated Oracle Corporation the business predictability rank of 5-star.
Guru Action: As of June 30, 2013, Ray Dalio increased his position by 6.32%, buying 57,900 shares at an average price of $33.18, for a loss of 4.2%. He has averaged a gain of 16% on 2,197,182 shares bought at an average price of $27.28 per share. On shares sold, he has averaged a gain of 1% on 1,223,600 shares sold at an average price of $31.39 per share.
Ray Dalio holds 0.02% of ORCL shares outstanding.
Historical share pricing:
No. 6: iShares S&P 500 Index (IVV, Financial) ETF
Weightings: 0.25%
Shares Owned: 175,000
Up 18% over 12 months, the iShares S&P 500 Index, an ETF, has a market cap of $37.07 billion; its shares were traded at around $167.54. The dividend yield of iShares S&P 500 Index stocks is 2.00%.
Guru Action: As of June 30, 2013, Ray Dalio averaged a gain of 3.4% on 175,000 shares bought at an average price of $162.02 per share. Since the third quarter of 2010, he has averaged a gain of 51% on 175,000 shares bought at an average price of $111.22 per share.
Dalio holds 0.08% of shares outstanding.
Historical share pricing:
Here is the complete portfolio of Ray Dalio.
Be sure to read:
1. Ray Dalio's Undervalued Stocks
2. Ray Dalio's Top Growth Companies
3. Ray Dalio's High Yield stocks
4. Stocks that Ray Dalio keeps buying
If you are not a Premium Member, we invite you for a 7-day Free Trial.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.
Here’s an update of Guru Dalio’s top six holdings as of June 30, 2013:
No. 1: Vanguard MSCI Emerging Markets ETF (VWO, Financial)
Weightings: 33.7%
Shares Owned: 99,189,020
Down 5% over 12 months, Vanguard MSCI Emerging Markets ETF has a market cap of $50.07 billion; its shares were traded at around $38.67. The dividend yield of Vanguard MSCI Emerging Markets ETF stocks is 3.70%.
Ray Dalio’s top holding is Vanguard MSCI Emerging Markets ETF (VWO) with 7.35% of shares outstanding and a portfolio weight of 33.7%.
Guru Action: As of June 30, 2013, Ray Dalio increased his position by 18.1%, buying 15,201,681 shares at an average price of $41.90, for a loss of 7.7%. He has averaged a loss of 8% on 99,906,520 shares bought at an average price of $42.22 per share. On shares sold, he has averaged a loss of 18% on 717,500 shares sold at an average price of $47.18 per share.
Historical share pricing:
No. 2: SPDR S&P 500 ETF (SPY, Financial)
Weightings: 27.8%
Shares Owned: 19,818,900
Up 18% over 12 months, SPDR S&P 500 ETF (SPY) has a market cap of $125.77 billion; its shares were traded at around $166.62. The dividend yield of SPDR S&P 500 ETF (SPY) stocks is 2.00%.
The SPDR S&P 500 ETF (SPY) trust is involved in the financial services industry. Its holdings are comprised of the 500 stocks in the S&P 500 Index, which is designed to capture the price performance of a large cross-section of the U.S. publicly traded stock market.
Guru Action: As of June 30, 2013, Ray Dalio reduced his position by 5.18%, selling 1,082,900 shares at an average price of $161.20, for a gain of 3.4%. He has averaged a gain of 65% on 24,447,200 shares bought at an average price of $101.16 per share. On shares sold, he has averaged a gain of 22% on 4,628,300 shares sold at an average price of $136.89 per share.
Ray Dalio holds 2.54% of SPY shares outstanding.
Historical share pricing:
No. 3: iShares MSCI Emerging Markets Index (ETF) (EEM)
Weightings: 27.3%
Shares Owned: 81,119,678
Down 2% over 12 months, iShares MSCI Emerging Markets Index ETF (EEM) has a market cap of $36.57 billion; its shares were traded at around $38.65. The dividend yield of iShares MSCI Emerging Markets Index ETF (EEM) stock is 2.00%.
Guru Action: As of June 30, 2013, Ray Dalio increased his position by 21.8%, buying 14,516,289 shares at an average price of $41.48, for a loss of 6.8%. Dalio has averaged a loss of 8% on 81,670,278 shares bought at an average price of $41.79 per share. On shares sold, he has averaged a loss of 17% on 550,600 shares sold at an average price of $46.47 per share.
Ray Dalio holds 8.25% of EEM shares outstanding.
Historical share pricing:
No. 4: iShares IBoxx $ Invest Grade Corporate Bond Fund (LQD)
Weightings: 0.36%
Shares Owned: 363,755
Down 7% over 12 months, the iShares IBoxx $ Invest Grade Corporate Bond Fund (LQD) has a market cap of $23.78 billion; its shares were traded at around $112.21. The dividend yield of iShares IBoxx $ Invest Grade Corporate Bond Fund stocks is 3.90%.
LQD seeks investment results that generally correspond to the price and yield performance of the corporate bond market as defined by the IBoxx $ Liquid Investment Grade Index.
Guru Action: As of June 30, 2013, Ray Dalio averaged a loss of 5.6% on 363,755 shares bought at an average price of $118.90 per share. Over his trading history, he has averaged a gain of 1% on those same shares.
Ray Dalio holds 0.17% of LQD shares outstanding.
Historical share pricing:
No. 5: Oracle Corporation (ORCL, Financial)
Weightings: 0.26%
Shares Owned: 973,582
Down 8% since January, Oracle Corporation has a market cap of $150.04 billion; its shares were traded at around $31.77 with a P/E ratio of 14.20. The P/S is 4.22. The dividend yield of Oracle Corporation stocks is 0.74%. The company has had an annual average earnings growth of 20% over the past 10 years. GuruFocus rated Oracle Corporation the business predictability rank of 5-star.
Guru Action: As of June 30, 2013, Ray Dalio increased his position by 6.32%, buying 57,900 shares at an average price of $33.18, for a loss of 4.2%. He has averaged a gain of 16% on 2,197,182 shares bought at an average price of $27.28 per share. On shares sold, he has averaged a gain of 1% on 1,223,600 shares sold at an average price of $31.39 per share.
Ray Dalio holds 0.02% of ORCL shares outstanding.
Historical share pricing:
No. 6: iShares S&P 500 Index (IVV, Financial) ETF
Weightings: 0.25%
Shares Owned: 175,000
Up 18% over 12 months, the iShares S&P 500 Index, an ETF, has a market cap of $37.07 billion; its shares were traded at around $167.54. The dividend yield of iShares S&P 500 Index stocks is 2.00%.
Guru Action: As of June 30, 2013, Ray Dalio averaged a gain of 3.4% on 175,000 shares bought at an average price of $162.02 per share. Since the third quarter of 2010, he has averaged a gain of 51% on 175,000 shares bought at an average price of $111.22 per share.
Dalio holds 0.08% of shares outstanding.
Historical share pricing:
Here is the complete portfolio of Ray Dalio.
Be sure to read:
1. Ray Dalio's Undervalued Stocks
2. Ray Dalio's Top Growth Companies
3. Ray Dalio's High Yield stocks
4. Stocks that Ray Dalio keeps buying
If you are not a Premium Member, we invite you for a 7-day Free Trial.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.
