Ray Dalio (Trades, Portfolio) founded Greenwich, Connecticut-based hedge fund Bridgewater Associates in 1975. In both fourth-quarter 2016 and first-quarter 2017 the guru bought shares in the following stocks:
Carnival Corp. (CCL)
During the fourth quarter, the guru increased the position by 201.16% and increased it by 42.27% in the first quarter. The guru holds 0.02% of the company’s outstanding shares.
Carnival is a leisure travel company providing vacations to major cruise destinations across the world. It operates over 100 cruise ship brands including Carnival Cruise Lines, Holland America, Princess Cruise, Seabourn and fathom and Cunard Line.
PRIMECAP Management (Trades, Portfolio) is the largest shareholder among the gurus with 2.97% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 1.83%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.34%, Steven Cohen (Trades, Portfolio) with 0.11%, Jim Simons (Trades, Portfolio) with 0.06%, Louis Moore Bacon (Trades, Portfolio) with 0.04%, Sarah Ketterer (Trades, Portfolio) with 0.03% and Joel Greenblatt (Trades, Portfolio) with 0.02%.
T. Rowe Price Group Inc. (TROW)
During the fourth quarter of 2016, the investor increased his stake by 18.04% and increased it by 14.92% in the first quarter. The guru holds 0.05% of the company’s outstanding shares.
T. Rowe Price Group is a financial services holding company. It provides company-sponsored U.S. mutual funds, other sponsored pooled investment vehicles, subadvisory services, separate account management, recordkeeping and related services.
The largest shareholder among the gurus is Mason Hawkins (Trades, Portfolio) with 1.67% of outstanding shares followed by Jeremy Grantham (Trades, Portfolio) with 0.14%, Tom Gayner (Trades, Portfolio) with 0.13%, John Rogers (Trades, Portfolio) with 0.12%, Ron Baron (Trades, Portfolio) with 0.11% and Pioneer Investments (Trades, Portfolio) with 0.1%.
DaVita Inc. (DVA)
During the fourth quarter, the guru increased his holding by 35.14% and in the first quarter increased it by 61.26%. The guru holds 0.07% of the company’s outstanding shares.
DaVita, formerly DaVita HealthCare Partners Inc., operates kidney dialysis centers and provides related lab services in dialysis centers and in contracted hospitals across the U.S. It also operates other ancillary services and strategic initiatives.
Warren Buffett (Trades, Portfolio) is the largest shareholder among the gurus with 19.82% of outstanding shares followed by Simons with 0.61%, Paul Tudor Jones (Trades, Portfolio) with 0.24%, Andreas Halvorsen (Trades, Portfolio) with 0.2%, Greenblatt with 0.18%, Manning & Napier Advisors Inc. with 0.09% and Mario Gabelli (Trades, Portfolio) with 0.01%.
FirstEnergy Corp. (FE)
The guru increased his position by 260.98% during the fourth quarter and by 4.36% in the first quarter. The guru holds 0.11% of the company’s outstanding shares.
FirstEnergy through its subsidiaries is a diversified energy company. It is engaged in the generation, transmission and distribution of electricity. It operates in segments including Regulated Distribution, Regulated Transmission and CES.
The largest shareholder among the gurus is Simons with 1.38% of outstanding shares followed by T Rowe Price Equity Income Fund with 0.2%, Gabelli with 0.02% and Julian Robertson (Trades, Portfolio) with 0.01%.
GameStop Corp. Class AĂ‚ (GME)
During the fourth quarter, the guru boosted the position by 643.93% and in the first quarter increased it by 7.47%. The guru holds 0.93% of the company’s outstanding shares.
GameStop is an omnichannel video game retailer. It sells new and preowned video game hardware, physical and digital video game software and accessories through GameStop, EB Games and Micromania stores.
Cohen is another notable shareholder among the gurus with 0.35% of outstanding shares followed by Ronald Muhlenkamp (Trades, Portfolio) with 0.25%, Greenblatt with 0.24%, Chuck Royce (Trades, Portfolio) with 0.09%, David Dreman (Trades, Portfolio) with 0.02% and Jones with 0.01%.
Macy's Inc. (M)
The investor increased his holding by 12.30% during the fourth quarter and increased it by 117.82% in the first quarter. The guru holds 0.34% of the company’s outstanding shares.
Macy's is an omnichannel retailer. The company sells merchandise, including men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
The largest shareholder among the gurus is T Rowe Price Equity Income Fund with 1.06% of outstanding shares followed by NWQ Managers (Trades, Portfolio) with 0.54%, Cohen with 0.17%, Gabelli with 0.13%, Grantham with 0.09%, Greenblatt with 0.06% and Caxton Associates (Trades, Portfolio) with 0.02%.
Southwestern Energy Co. (SWN)
During the fourth quarter, the guru increased his stake by 60.55% and added to his position by 62.66% in the first quarter. The guru holds 0.75% of the company’s outstanding shares.
Southwestern Energy is an energy company. It explores, develops and produces natural gas and crude oil within the U.S.
PRIMECAP Management is the largest shareholder among the gurus with 1.93% of outstanding shares followed by Cohen with 1.92%, Richard Snow (Trades, Portfolio) with 1.63% and Grantham with 0.02%.
Endo International PLCĂ‚ (ENDP)
During the fourth quarter the investor raised his position by 73.23% and in the first quarter increased it by 148.89%. The guru holds 1.71% of the company’s outstanding shares.
Endo International is a specialty health care company. It is engaged in developing, manufacturing, marketing and distribution of branded pharmaceutical and generic products as well as medical devices.
The largest shareholder among the gurus is Larry Robbins (Trades, Portfolio) with 4.65% of outstanding shares followed by John Paulson (Trades, Portfolio) with 3.51%, Cohen with 0.8%, RS Investment Management (Trades, Portfolio) with 0.62%, Francis Chou (Trades, Portfolio) with 0.43% and Greenblatt with 0.33%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
Start a free seven-day trial of Premium Membership to GuruFocus.
