Billionaire Ray Dalio’s New Stock Picks for 2013: The Procter & Gamble Company (PG), The Goodyear Tire & Rubber Company (GT), Intel Corporation (INTC)

Page 1 of 2

BRIDGEWATER ASSOCIATESDuring his tenure as CEO of Bridgewater Associates, Ray Dalio was required by the SEC to disclose his fund’s positions every quarter. Although he has since stepped down (still contributing as a mentor, however), the fund continues to meet these filing obligations. The public documents can be accessed and researched by anyone, and we have done our own due diligence to see how the fund manipulated its $9.8bn in capital this past quarter. Part of our analysis has led us to find a small-cap strategy that has enabled investors to outperform the market by 18 percentage points per year (read more here). See below for our take on this giant hedge fund’s stock picks as outlined by its 13F.

The Procter & Gamble Company (NYSE:PG) was the largest of the fifty-one new purchases by Bridgewater. The company has faced some slow top-line growth and a weaker position amongst competitors in the past few years. However, PG beat the market by a few percentage points looking back twelve months, and the high dividend yield of 2.9% added income to investors’ pockets along the way. The company currently has plans to increase its footprint abroad by investing over a billion dollars in China going into the next five years. Billionaire Ken Fisher of Fisher Asset Management has nearly half a billion dollars invested in The Procter & Gamble Company (NYSE:PG) (read more about his positions here).

The Goodyear Tire & Rubber Company (NASDAQ:GT) received about $15.7mm of the fund’s assets under management, making it the second largest purchase of Bridgewater’s last quarter. The tire manufacturer gave a mostly flat performance for 2012 but has depreciated by 6.5% since the start of this year. Analysts on Wall Street are giving The Goodyear Tire & Rubber Company (NASDAQ:GT) bullish valuations a year out, allowing a possible growth of 28% if their mean price targets materialize. The company announced last month that it will be closing a tire plant in France; workers reacted by setting off flares and throwing paint bombs at the plan. Steven Cohen of SAC Capital Advisors pushed his investment up to $95mm in the stock last quarter (see his top plays here).

Intel Corporation (NASDAQ:INTC) has been giving great earnings performance after great earnings performance lately, with its most recent announcement in January of this year leading to a 6.7% beat over analysts’ predictions. INTC saw a slight decline in popularity amongst the hedge funds we track going into the end of the 2012 but still remains a moderate favorite, with more than 10% holding the tech giant. Intel continues to strike deals to make chips for clients like Cisco and Altera; talks have supposedly been held with Apple as well but nothing definitive announced. Billionaire Daniel S. Och of OZ Management has an equity position in Intel Corporation (NASDAQ:INTC) that roughly matches Bridgewaters (view his favorite stocks here).

Continue reading to see which other stocks made it into Bridgewater’s portfolio.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!