Bridgewater Associates, managed by Ray Dalio (Trades, Portfolio), has reported its portfolio holdings for the fourth quarter of 2024, showing a significant increase in total market value from $177 billion to $218 billion, marking a 23% rise. The firm added 83 new stocks and increased its holdings in 262 stocks, while reducing positions in 343 stocks and completely exiting 165 stocks.
The top ten holdings represent 43.19% of the total portfolio value. SPDR S&P 500 ETF (SPY, Financial) emerged as the largest holding, with approximately 8.23 million shares valued at $4.825 billion, making up 22.12% of the portfolio and showing a substantial increase of 883.56% in shares compared to the previous quarter. The iShares S&P 500 ETF (IVV) follows with 2.04 million shares valued at $1.201 billion, accounting for 5.50% of the portfolio, though its share count decreased by 8.25%.
Other significant holdings include the iShares Core MSCI Emerging Markets ETF (IEMG), Alphabet (GOOGL), and NVIDIA (NVDA). Notably, Bridgewater reduced its positions in tech giants like Meta (META) and Microsoft (MSFT) by 22.58% and 23.34%, respectively. The firm also divested from major financial stocks such as Micron Technology (MU), Super Micro Computer (SMCI), Goldman Sachs (GS), Morgan Stanley (MS), and Bank of America (BAC).
Bridgewater's top buys included SPDR S&P 500 ETF, Applovin (APP), AT&T (T), eBay (EBAY), and PayPal (PYPL), while the top sells were iShares S&P 500 ETF, iShares Core MSCI Emerging Markets ETF, Procter & Gamble (PG), NVIDIA, and Johnson & Johnson (JNJ).
