Here's the revised stock holdings of Ray Dalio:
Let's Break Down Ray Dalio's Q1 moves for Bridgewater Associates
The curtains were drawn on Ray Dalio's Q1 financials for the world's largest hedge fund, Bridgewater Associates, on May 15, 2025. The document revealed some significant shifts in their massive stockpile, with the number of positions dwindling from 691 to 664.
Ray Dalio's Biggest Sells
The biggest cuts in terms of dollar value were focused on the SPDR S&P 500 ETF Trust (SPY), Alphabet (GOOGL), and Nvidia (NASDAQ: NVDA). Dalio's exposure to the SPY exchange-traded fund plummeted by nearly $3 billion, a 61% decrease to $1.87 billion, thanks to a combination of selling and market slumps. The GOOGL stock position was slashed by $215 million, down 31%, to a confirmed $470 million. When it comes to NVDA, more than $161 million of semiconductor stock bid farewell from the fund, resulting in a 34% reduction in exposure to $308 million. All three assets suffered significantly in Q1's stock market turmoil, with the S&P 500 ETF falling by 4.32%, Alphabet equity tumbling by 18.37%, and Nvidia diving by 21.64%.
Ray Dalio's Biggest Buys
In staggering contrast, Dalio orchestrated several monumental purchases throughout Q1. Alibaba (NYSE: BABA) took the crown as the biggest buy, both in terms of dollar value and percentage change. At the end of 2024's final quarter, Bridgewater owned a paltry $21.6 million worth of BABA shares. However, by Q1's close, the stake soared a staggering 3,361% to an eye-watering $727 million.
Next on the list was the SPDR Gold Trust (GLD), where Dalio's firm invested approximately $319 million - a brand-new position. As Q1 progressed, gold emerged as one of the top-performing assets, rallying above $3,000 as investors flocked to the safety of the commodity.
Lastly, Ray Dalio hiked the exposure to Baidu (NASDAQ: BIDU) by an astonishing $174.5 million, skyrocketing 1,053% from $16.5 million to $191 million.
Among these assets, BABA stock performed the best in Q1, surging 55.66%. Thanks to the 3,361% stake increase, Alibaba shares now represent the fourth-largest position in the fund, despite a couple of billions worth of SPY stock being offloaded.
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Enrichment Data:
- In Q1 2025, Ray Dalio engineered strategic adjustments to Bridgewater Associates' investment portfolio, aiming for diversification and risk management amidst the market's volatile state. These moves include:
- Selling: SPY (13.45% reduction), GOOGL (0.96% reduction), and NVDA (0.72% reduction), hinting at a cautious stance on the U.S. market, tech giants, and U.S. tech stocks.
- Buying: BABA, GLD, and BIDU, signaling increased interests in Chinese equities, gold as a safe-haven asset, and Chinese tech stocks. These portfolio adjustments appear to target a diversified strategy to mitigate risk and capitalize on emerging trends.
Ray Dalio changed his investment strategy in Q1 2025, selling significant amounts of SPY, GOOGL, and NVDA to reduce exposure to the US market, tech giants, and US tech stocks. On the other hand, he increased his investments in BABA, GLD, and BIDU, indicating a growing interest in Chinese equities, gold as a safe-haven asset, and Chinese tech stocks, aiming for diversification and risk management in the volatile stock-market.
