Update on Ray Dalio's Portfolio

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Ray Dalio, the founder of Bridgewater Associates, is known for his principles-based investment philosophy and diversified global portfolio. His approach focuses on balancing risk across asset classes and regions. Let’s dive into the key holdings and changes in Dalio’s portfolio for Q2 2024, reflecting his current outlook on markets.

You can find below in which stocks is Ray Dalio investing right now.

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Ray Dalio’s Portfolio Right now

His key stock holdings are the following:

• iShares Core S&P 500 ETF (6.1%)
  Dalio's largest holding remains in the iShares Core S&P 500 ETF, which tracks the U.S. stock market’s largest companies. He slightly increased his position by 0.2%, signaling confidence in the U.S. economy’s stability. With a price rise of 67.5%, the ETF’s performance reflects the strong recovery in the U.S. equity markets.

• iShares Core MSCI Emerging Markets ETF (5.2%)
  The second-largest holding, iShares Core MSCI Emerging Markets ETF, underscores Dalio's long-term belief in the potential growth of emerging markets. Although he made no significant change in this holding, the stock price remained stable with a slight decrease of 0.2%. Dalio continues to maintain a sizable stake in emerging economies, aiming for diversification and exposure to higher growth regions.

• NVIDIA Corp (3.7%)
  NVIDIA has been a strong performer in Dalio's portfolio, with a 70.6% increase in value, reflecting the booming semiconductor industry, driven by demand for AI and advanced computing technology. Despite its strong growth, Dalio reduced his position by 7%, possibly taking profits from this significant gain.

• Alphabet Inc. (Class A) (3.6%)
  Alphabet, a key player in the tech industry, saw its stock rise by 18.6%. However, Dalio reduced his stake by 15.4%. While Alphabet remains a core holding, this move could reflect a reevaluation of its growth potential or valuation concerns amid broader tech market volatility.

• Procter & Gamble Co. (3.4%)
  Dalio decreased his position in Procter & Gamble by 12.5%, even though the stock price increased by 24.2%. The company’s stability and consistent dividend payments make it a defensive choice, but Dalio’s reduction could indicate a shift toward higher-growth opportunities.

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Stocks that Ray Dalio sold or bought recently

Increased Stake in Amazon by Over 150%

• Ray Dalio made a bold move by boosting his Amazon (AMZN) holdings by an astonishing 152.5%. This significant increase signals Dalio's bullish outlook on the e-commerce giant, despite a minor dip in its stock price (-0.9%). Amazon's massive footprint in online retail and cloud computing likely makes it a prime long-term bet in Dalio's portfolio. Clearly, Dalio sees major potential in Amazon’s future growth trajectory.

Doubling Down on Microsoft

• Dalio didn’t shy away from tech this quarter, increasing his stake in Microsoft (MSFT) by an impressive 88.1%. With the stock soaring nearly 20%, Dalio is betting big on Microsoft’s leadership in cloud computing, AI, and enterprise software. His conviction in Microsoft as a tech powerhouse is stronger than ever, making this a key position in his portfolio.

Cutting Back on NVIDIA Despite Huge Gains

• Even though NVIDIA (NVDA) saw its stock skyrocket by 70.6%, Dalio trimmed his position by 7%. Why? Likely to lock in some profits after a remarkable run fueled by the AI boom and increased demand for semiconductors. While reducing his exposure, NVIDIA remains a critical asset in Dalio’s tech-heavy strategy.

Reduced Alphabet by 15% Amid Solid Performance

• Dalio slashed his holdings in Alphabet (GOOGL) by 15.4%, despite a robust 18.6% increase in stock price. This move could reflect caution about tech valuations or simply profit-taking after a strong run. Alphabet remains a tech titan, but Dalio is clearly taking a more conservative approach to managing this position.

Adding to Johnson & Johnson

• Dalio upped his stake in Johnson & Johnson (JNJ) by 12.7%, signaling increased confidence in the healthcare giant. The stock’s modest rise of 3.9% may not be eye-catching, but the stability and reliability of J&J’s business clearly fit well with Dalio’s risk-balancing approach. This increase shows his commitment to solid, long-term performers in sectors like healthcare.

Cutting Procter & Gamble and Coca-Cola

• Dalio made notable reductions in two consumer staples, trimming Procter & Gamble (PG) by 12.5% and cutting his Coca-Cola (KO) position by 18.2%. Despite strong price growth in both stocks (+24.2% and +30.8%, respectively), Dalio seems to be reallocating away from these defensive sectors in favor of higher-growth opportunities.

Dalio’s moves this quarter show a balance between high-growth tech and traditional blue-chip stability, with a focus on locking in profits and recalibrating risk.