Ray Dalio's top 5 new buys

Bridgewater Associates, the world's largest hedge fund, is bullish on emerging markets.

By GuruFocus.com May 14, 2013 3:19PM
Stock market report copyright CorbisRay Dalio, a macro-oriented founder of the world's largest hedge fund for two years running, Bridgewater Associates, bought 121 new U.S. stocks in the first quarter, according to GuruFocus' Real Time Picks. With a total of 266 stocks in his portfolio, this amounts to a 17% turnover.

Dalio's bullishness for the emerging markets continued during the quarter, as he increased his positions in emerging markets exchange-traded funds (ETFs) by double digits. Combined with the S&P 500 index, Dalio's ETF positions account for almost 88% of his portfolio. The remaining 262 positions therefore have miniscule weightings. 

The top five new buys: 

Boston Properties Inc. (BXP)
Dalio purchased 110,810 Boston Properties shares for $105 on average in the first quarter, for his fifth-largest new buy. The shares have since increased 5.5% from his average purchase price.

Boston Properties is a $16.69 billion market cap real estate investment trust (REIT) with a 2.16% dividend yield. It has a market cap of $16.64 billion; its shares were traded at around $110.91 with a P/E ratio of 65.20 and P/S ratio of 8.90. Boston Properties had an annual average earnings growth of 4.1% over the past 10 years.

Expeditors International of Washington (EXPD)
Dalio bought 356,402 shares of Expeditors International for $41 per share on average in the first quarter -- his fourth largest new position. The stock has since declined 6% from his average purchase price.

Expeditors International was incorporated in the State of Washington in 1979 and began operations in 1981 by coordinating airfreight shipments from Asia to the U.S. Expeditors International has a market cap of $7.92 billion; its shares were traded at around $38.32 with a P/E ratio of 23.90 and P/S ratio of 1.30. The dividend yield of its stocks is 1.50%.

Expeditors International had an annual average earnings growth of 12.1% over the past 10 years. GuruFocus gave it the business predictability rank of 2.5 stars.

Walt Disney Co. (DIS)
Dalio bought 232,719 shares of Walt Disney Co. in the first quarter for $54 per share on average. Shares have since gained 24% from his average purchase price.

Walt Disney, together with its subsidiaries, is a worldwide entertainment company with operations in five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive Media. Disney has a market cap of $120.28 billion; its shares were traded around $67.32 with a P/E ratio of 20.40 and P/S ratio of 2.80. The dividend yield of its stocks is 1.10%.

Disney had an annual average earnings growth of 9.8% over the past 10 years. GuruFocus gave Walt Disney Co. the business predictability rank of 4-stars.

General Electric Co. (GE)
Dalio bought 612,976 shares of General Electric for $23 per share on average in the first quarter -- his second largest new buy. The shares have since gained 1% from his average purchase price.

General Electric was incorporated in 1892. It is a technology, media and financial services company. GE has a market cap of $235.03 billion; its shares were traded around $22.85 with a P/E ratio of 15.80 and P/S ratio of 1.60. The dividend yield of GE stocks is 3.20%.

CenturyLink Inc. (CTL)
Dalio bought 470,275 shares of CenturyLink for $37 per share on average in the first quarter, making it his largest new position, accounting for one fifteenth of one percent of his portfolio. Shares have gained 1% since from his average purchase price.

Centurylink Inc., an integrated communications company, has a market cap of $23.34 billion; its shares were traded around $37.68 with a P/E ratio of 30.10 and P/S ratio of 1.30. The dividend yield of Centurylink stocks is 7.20%. The company had an annual average earnings growth of 4% over the past 10 years.

1Comment
May 14, 2013 3:43PM
avatar
DG is still cheaper on store name brands than WM.  Try the new Price-Less if they have one in your area.  The meat department is fantastic and better priced than anywhere else.  Also their brand vegetables are a lot less.  Enjoy the alternative shopping!!

Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

116
116 rated 1
284
284 rated 2
461
461 rated 3
671
671 rated 4
628
628 rated 5
618
618 rated 6
615
615 rated 7
495
495 rated 8
347
347 rated 9
115
115 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
DYNDYNEGY Inc10
TAT&T Inc9
VZVERIZON COMMUNICATIONS9
EXCEXELON CORPORATION8
AAPLAPPLE Inc10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.