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Holly LaFon
Articles (8573)  | Author's Website |

Ray Dalio Buys Warren Buffett’s DaVita, Biogen, Walt Disney in 1st Quarter

Dalio's top 10

Ray Dalio (Trades, Portfolio), founder of Bridgewater Associates, the world’s largest hedge fund, disclosed a slew of first-quarter buys in his portfolio update Tuesday.

At the top of the vast list were: Biogen Inc. (NASDAQ:BIIB), DaVita Inc. (NYSE:DVA), International Paper Co. (NYSE:IP), Walt Disney Co. (NYSE:DIS), Verizon Communications Inc. (NYSE:VZ) and Campbell Soup Co. (NYSE:CPB). In all, Dalio’s Bridgewater bought 258 stocks in the quarter, bringing the number listed in the public portfolio to 457. More than 83% of the long portfolio is invested in ETF, options and preferred stocks.

Connecticut-based Bridgewater manages roughly $160 billion in assets. Known for its culture of radical transparency, Bridgewater considers itself an “idea-meritocracy” where the best ideas win.

The new buys

Biogen Inc. (NASDAQ:BIIB)

Bridgewater purchased 77,197 shares of Biogen, giving it 0.2% portfolio weight. The stock’s price averaged $310 during the first quarter.

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Biogen Inc. has a market cap of $58.25 billion; its shares were traded around $276.06 Tuesday with a P/E ratio of 19.69 and P/S ratio of 4.64. Biogen Inc. had an annual average earnings growth of 23.10% over the past 10 years. GuruFocus rated Biogen Inc. the business predictability rank of 4-star.

DaVita Inc. (NYSE:DVA)

Bridgewater purchased 223,124 shares of DaVita, giving it 0.14% portfolio weight. Buffett’s portfolio at Berkshire Hathaway (BRK.A)(BRK.B) possesses 38.6 million shares of DaVita, as of first quarter-end. It has a 1.35% portfolio weight in Buffett’s portfolio.

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DaVita Inc. has a market cap of $11.57 billion; its shares were traded around $66.29 Tuesday with a P/E ratio of 31.55 and P/S ratio of 1.25. DaVita Inc. had an annual average earnings growth of 11.10% over the past 10 years. GuruFocus rated DaVita Inc. the business predictability rank of 3.5-star.

International Paper Co. (NYSE:IP)

Bridgewater purchased 226,999 shares of International Paper, giving it 0.12% portfolio weight. The stock’s first-quarter share price averaged $59.

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International Paper Co. has a market cap of $22.28 billion; its shares were traded around $53.81 with a P/E ratio of 8.46 and P/S ratio of 1.03. The trailing 12-month dividend yield of International Paper Co. stocks is 3.48%. The forward dividend yield of International Paper Co. stocks is 3.50%. International Paper Co. had an annual average earnings growth of 4.30% over the past 10 years.

Walt Disney Co. (NYSE:DIS)

Bridgewater purchased 112,431 shares of Walt Disney, giving it 0.11% portfolio weight. The stock’s first-quarter share price averaged $106.

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Walt Disney Co. has a market cap of $153.4 billion; its shares were traded around $102.92 Tuesday with a P/E ratio of 13.69 and P/S ratio of 2.79. The trailing 12-month dividend yield of Walt Disney Co. stocks is 1.57%. The forward dividend yield of Walt Disney Co. stocks is 1.64%. Walt Disney Co had an annual average earnings growth of 11.70% over the past 10 years. GuruFocus rated Walt Disney Co. the business predictability rank of 4.5-star.

Verizon Communications Inc. (NYSE:VZ)

Bridgewater purchased 232,367 shares of Verizon Communications, giving it 0.11% portfolio weight. The stock’s first-quarter share price averaged $50.

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Verizon Communications Inc. has a market cap of $197.46 billion; its shares were traded around $47.79 Tuesday with a P/E ratio of 6.27 and P/S ratio of 1.52. The trailing 12-month dividend yield of Verizon Communications Inc. stocks is 4.92%. The forward dividend yield of Verizon Communications Inc stocks is 4.87%. Verizon Communications Inc. had an annual average earnings growth of 1.80% over the past 10 years.

Campbell Soup Co. (NYSE:CPB)

Bridgewater purchased 250,416 shares of Campbell Soup, giving it 0.1% portfolio weight. The stock’s first-quarter share price averaged $45.

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Campbell Soup Co. has a market cap of $11.86 billion; its shares were traded around $39.44 with a P/E ratio of 11.34 and P/S ratio of 1.52. The trailing 12-month dividend yield of Campbell Soup Co. stocks is 3.56%. The forward dividend yield of Campbell Soup Co. stocks is 3.50%. Campbell Soup Co. had an annual average earnings growth of 2.30% over the past 10 years. GuruFocus rated Campbell Soup Co. the business predictability rank of 3-star.

LyondellBasell Industries NV (NYSE:LYB)

Bridgewater purchased 96,646 shares of LyondellBasell Industries NV, giving it 0.1% portfolio weight. The stock’s first-quarter share price averaged $112.

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Lyondellbasell Industries NV has a market cap of $44.16 billion; its shares were traded around $112.17 with a P/E ratio of 8.37 and P/S ratio of 1.25. The trailing 12-month dividend yield of LyondellBasell Industries NV stocks is 3.30%. The forward dividend yield of LyondellBasell Industries NV stocks is 3.57%. LyondellBasell Industries NV had an annual average earnings growth of 12.50% over the past five years.

Toll Brothers Inc. (NYSE:TOL)

Bridgewater purchased 228,431 shares of Toll Brothers, giving it 0.09% portfolio weight. The stock’s first-quarter share price averaged $47.

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Toll Brothers Inc. has a market cap of $6.21 billion; its shares were traded around $40.89 Tuesday with a P/E ratio of 11.38 and P/S ratio of 1.13. The trailing 12-month dividend yield of Toll Brothers Inc stocks is 0.85%. The forward dividend yield of Toll Brothers Inc. stocks is 1.03%. Toll Brothers Inc. had an annual average earnings growth of 34.60% over the past five years.

Tyson Foods Inc. (NYSE:TSN)

Bridgewater purchased 134,853 shares of Tyson Foods, giving it 0.09% portfolio weight. The stock’s first-quarter price averaged $76.

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Tyson Foods Inc. has a market cap of $24.73 billion; its shares were traded around $67.28 Tuesday with a P/E ratio of 8.93 and P/S ratio of 0.61. The trailing 12-month dividend yield of Tyson Foods Inc. stocks is 1.44%. The forward dividend yield of Tyson Foods Inc stocks is 1.77%. Tyson Foods Inc had an annual average earnings growth of 17.50% over the past 10 years. GuruFocus rated Tyson Foods Inc. the business predictability rank of 4-star.

Invesco Ltd. (NYSE:IVZ)

Bridgewater purchased 303,193 shares of Invesco Ltd., giving it 0.09% portfolio weight. The stock’s first-quarter price averaged $34.

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Invesco Ltd. has a market cap of $11.67 billion; its shares were traded around $28.41 with a P/E ratio of 10.01 and P/S ratio of 2.15. The trailing 12-month dividend yield of Invesco Ltd. stocks is 4.11%. The forward dividend yield of Invesco Ltd. stocks is 4.20%. Invesco Ltd. had an annual average earnings growth of 8.40% over the past 10 years.

See Ray Dalio (Trades, Portfolio)’s portfolio here.

About the author:

Holly LaFon
I'm a financial journalist with a master of science in journalism from Medill at Northwestern University.

Visit Holly LaFon's Website


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