Billionaire Bridgewater Founder Ray Dalio’s Top 5 Holdings in 2023

Below we present the list of Billionaire Bridgewater Founder Ray Dalio’s Top 5 Holdings in 2023. For our methodology and a more comprehensive list please see Billionaire Bridgewater Founder Ray Dalio’s Top 10 Holdings in 2023.

5. McDonald’s Corporation (NYSE:MCD)

Value of Bridgewater Associates’ 13F Position: $430 million

Number of Hedge Fund Shareholders: 65

After hitting a four-year low in hedge fund support during the second quarter of 2022, McDonald’s Corporation (NYSE:MCD) has since seen an increase in hedge fund ownership over each of the past three quarters. Dalio’s Bridgewater trimmed its stake in the fast-food giant by 3% during Q1 to 1.54 million shares.

McDonald’s Corporation (NYSE:MCD) is a great defensive stock, which is certainly one of the reasons Ray Dalio likes it. Despite, or more likely because of, the weakening economic conditions, McDonald’s comparable sales surged by 13% in Q1, while it made market share gains in all of its major markets. While margins were softer during Q1, McDonald’s also has significant margin upset longer-term as it embraces automation and new store formats that emphasize speed and efficiency.

McDonald’s Corporation (NYSE:MCD) plans to open a net total of 1,500 restaurants in 2023, the bulk of which are planned for its International Development Licensed Markets regions, which includes, Asia, the Middle East, Latin America, and parts of Europe.