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

Marriot International Inc (NYSE:MAR) received more attention from hedge funds this past quarter than in Q3 2012; funds like D. E. Shaw and Winton Capital Management initiated new positions in the hospitality company, as did Bridgewater. Marriot announced this week that it will assist Swedish furniture manufacturer Ikea in opening about 50 budget hotels across Europe in the next five years. This positive news is in addition to the year-over-year increases in earnings and revenue that came with Marriot’s quarterly earnings announcement last month. Billionaire Israel Englander of Millennium Management saw his position increase by 32% last quarter (check out the fund’s top five picks here).

Finally, Medtronic, Inc. (NYSE:MDT) rounds out our list of Bridgewater’s new purchases, receiving an allotment of $8.8mm from the fund, similar to Marriot. The $46bn company manufactures devices used in medical therapy and serves hospitals, physicians, and patients globally. MDT’s most recent earnings announcement last month revealed an earnings beat and guidance that projected revenue growth in the range of 3-4%. Income investors should take note of the 2.3% dividend yield. Billionaire Michael Hintze of CQS Cayman LP has a debt investment in MDT amounting to $84mm (read about his other holdings here).

Disclosure: I do not own shares of any stocks mentioned in this article.