Ray Dalio recently filed their 13F report for the third quarter of 2022, which ended on 2022-09-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Ray Dalio (Trades, Portfolio) is 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.
As of the latest 13F report, the guru’s equity portfolio contained 866 stocks valued at a total of $19.76Bil. The top holdings were PG(4.23%), JNJ(3.90%), and PEP(3.32%).
According to GuruFocus data, these were Ray Dalio (Trades, Portfolio)’s top five trades of the quarter.
Medtronic PLC
The guru sold out of their 2,505,256-share investment in NYSE:MDT. Previously, the stock had a 0.95% weight in the equity portfolio. Shares traded for an average price of $89.87 during the quarter.
On 11/10/2022, Medtronic PLC traded for a price of $81.58 per share and a market cap of $108.86Bil. The stock has returned -30.95% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Medtronic PLC has a price-earnings ratio of 21.16, a price-book ratio of 2.07, a EV-to-Ebitda ratio of 13.67 and a price-sales ratio of 3.56.
The price-to-GF Value ratio is 0.71, earning the stock a GF Value rank of 9.
Visa Inc
During the quarter, Ray Dalio (Trades, Portfolio) bought 725,139 shares of NYSE:V for a total holding of 1,216,878. The trade had a 0.65% impact on the equity portfolio. During the quarter, the stock traded for an average price of $203.49.
On 11/10/2022, Visa Inc traded for a price of $203.53 per share and a market cap of $430.33Bil. The stock has returned -4.50% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Visa Inc has a price-earnings ratio of 29.22, a price-book ratio of 12.09, a price-earnings-to-growth (PEG) ratio of 2.78, a EV-to-Ebitda ratio of 23.08 and a price-sales ratio of 14.89.
The price-to-GF Value ratio is 0.75, earning the stock a GF Value rank of 9.
Mondelez International Inc
During the quarter, Ray Dalio (Trades, Portfolio) bought 2,310,425 shares of NAS:MDLZ for a total holding of 3,448,348. The trade had a 0.64% impact on the equity portfolio. During the quarter, the stock traded for an average price of $62.11.
On 11/10/2022, Mondelez International Inc traded for a price of $63.73 per share and a market cap of $87.20Bil. The stock has returned 4.08% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Mondelez International Inc has a price-earnings ratio of 28.38, a price-book ratio of 3.28, a price-earnings-to-growth (PEG) ratio of 1.84, a EV-to-Ebitda ratio of 20.85 and a price-sales ratio of 2.92.
The price-to-GF Value ratio is 0.93, earning the stock a GF Value rank of 6.
S&P 500 ETF TRUST ETF
Ray Dalio (Trades, Portfolio) reduced their investment in ARCA:SPY by 379,950 shares. The trade had a 0.61% impact on the equity portfolio. During the quarter, the stock traded for an average price of $395.76.
On 11/10/2022, S&P 500 ETF TRUST ETF traded for a price of $389.6206 per share and a market cap of $366.99Bil. The stock has returned -14.28% over the past year.
GuruFocus gives the ETF a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, S&P 500 ETF TRUST ETF has a price-earnings ratio of 20.41, a price-book ratio of 3.77, a price-earnings-to-growth (PEG) ratio of 2.46, a EV-to-Ebitda ratio of 14.62 and a price-sales ratio of 2.72.
The price-to-GF Value ratio is 0.00, earning the stock a GF Value rank of 6.
Berkshire Hathaway Inc
Ray Dalio (Trades, Portfolio) reduced their investment in NYSE:BRK.B by 321,736 shares. The trade had a 0.37% impact on the equity portfolio. During the quarter, the stock traded for an average price of $284.56.
On 11/10/2022, Berkshire Hathaway Inc traded for a price of $299.06 per share and a market cap of $658.52Bil. The stock has returned 4.75% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Berkshire Hathaway Inc has a price-earnings ratio of 61.71, a price-book ratio of 1.45, a price-earnings-to-growth (PEG) ratio of 2.02, a EV-to-Ebitda ratio of 26.21 and a price-sales ratio of 2.63.
The price-to-GF Value ratio is 1.22, earning the stock a GF Value rank of 3.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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