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Ray Dalio Is Stepping Down. Here Are His Top 5 Stock Bets.

  • Ray Dalio has officially announced that he will step down from Bridgewater Associates.
  • Four people will now run the fund, including co-CIOs Bob Prince and Greg Jensen.
  • Bridgewater’s largest 13F holding is Proctor & Gamble (PG), followed by Johnson & Johnson (JNJ).
Ray Dalio - Ray Dalio Is Stepping Down. Here Are His Top 5 Stock Bets.

Source: FabreGov /

Bridgewater Associates’ Ray Dalio made major headlines after he announced that he would cede control of the $150 billion hedge fund. The 73-year-old founder launched his hedge fund in 1975 from a two-bedroom apartment in New York and has more than cemented his place as one of the most successful fund managers of all time. Forbes estimates that his career has amassed him a net worth of $19.1 billion.

Dalio also announced the hedge fund’s succession plans. Veteran co-CIOs Bob Prince and Greg Jensen, co-CEO Nir Bar Dea, and Mark Bertolini will take over portfolio manager responsibilities. Dalio added: “Hopefully until I die, I will continue to be a mentor, an investor, and board member at Bridgewater, because I and they love doing those things together. That’s a dream come true.”

The veteran fund manager started his transition plan as early as 2010 but found difficulty in choosing the right successors. Now that the plan has been complete, Dalio will be free to focus on other ventures, such as philanthropy.

Ray Dalio Is Betting Big on These Five Stocks

Meanwhile, Bridgewater has been having a mixed year. The hedger fund’s Pure Alpha strategy has returned 34.6% this year as of Sept. 30, while the All Weather strategy has declined by 27.2%.

Of the $150 billion in assets under management (AUM), $23.59 billion is invested into 13F holdings. That figure fell from $24.8 billion during the previous quarter. In addition, Bridgewater operates as a medium- to long-term investor and has an average holding period of 4.75 quarters for stocks in its 13F portfolio. For stocks in the fund’s top 10 positions, it has an average holding period of 13.5 quarters.

Let’s take a look at the hedge fund’s top five positions:

  1. Proctor & Gamble (NYSE:PG): 6.74 million shares. Bridgewater sold 76,443 shares of PG during the second quarter.
  2. Johnson & Johnson (NYSE:JNJ): 4.33 million shares. Bridgewater sold 12,369 shares of JNJ during Q2.
  3. iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG): 15.30 million shares. Bridgewater sold 652,408 shares of IEMG during Q2.
  4. SPDR S&P 500 ETF Trust (NYSEARCA:SPY): 1.84 million shares. Bridgewater sold 39,972 shares of SPY during Q2.
  5. Coca-Cola (NYSE:KO): 10.82 million shares. Bridgewater sold 1.11 million shares of KO during Q2.

On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

Eddie Pan specializes in institutional investments and insider activity. He writes for InvestorPlace’s Today’s Market team, which centers on the latest news involving popular stocks.

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