Billionaire Ray Dalio’s Bridgewater Associates Adjusts Portfolio, Hedges Against US Dollar
Billionaire investor Ray Dalio’s hedge fund, Bridgewater Associates, has made strategic adjustments to its portfolio in response to market dynamics, shedding exposure to the S&P 500 while hedging against the US dollar.
Portfolio Changes
The latest 13F filings reveal that Bridgewater has reduced its stake in the SPDR S&P 500 ETF, with the fund now representing approximately 8.5% of the overall portfolio as of March.
Simultaneously, Bridgewater has increased its exposure to the SPDR Gold Shares ETF (GLD) by about 33%, allocating around $340 million to the precious metal.
Concerns Over US Dollar
Ray Dalio has been vocal about his concerns regarding the US dollar’s potential decline leading to stagflation, a scenario characterized by high inflation, high unemployment, and low economic growth.
Offensive Moves
Despite the defensive positioning, Bridgewater’s portfolio includes offensive plays as well. The hedge fund has significantly boosted its position in Chinese e-commerce giant Alibaba, increasing its holdings by over 3,000%.
Bridgewater now holds 5,660,258 shares of Alibaba, amounting to approximately $680 million, making it one of the top holdings in the fund.
Alibaba’s Performance
Alibaba’s stock has witnessed a 42% increase year-to-date, driven by strong growth in its cloud computing segment, contributing to the positive performance of Bridgewater’s portfolio.
Stay Updated
For more investment insights and updates, follow us on X, Facebook, and Telegram. Subscribe to receive email alerts directly to your inbox to stay informed about the latest market trends.
Explore More
Check price action and surf through The Daily Hodl Mix for a comprehensive view of the cryptocurrency and investment landscape.
Generated Image: Midjourney