Ray Dalio is the founder of one of the largest global hedge funds in the world, Bridgewater Associates, which manages funds for approximately 350 global institutional clients including public and corporate pension funds, university endowments, charitable foundations, supranational agencies, sovereign wealth funds and central banks. In July 2011, Ray Dalio officially gave up his role as the CEO of Bridgewater Associates, instead taking the title “Mentor.” As of September 30, Bridgewater Associates manages over $10 billion in 13F equity funds (which comprise only a small part of the fund’s total portfolio) and was up 1.2% in the third quarter for 2016. Given Bridgewater Associates’ track record and resources, let’s take a look at some of the fund’s major equity moves in Q3.
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Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) is the biggest 13F holding of Bridgewater Associates, with the fund holding 80 million shares of this ETF valued at more than $3 billion at the end of the third quarter. Bridgewater added 10.4 million shares to its position, increasing its stake by 14%. The ETF has total assets under management (AUM) of more than $41 billio and as the name suggests, the ETF invests in companies located in emerging markets around the world and tracks the FTSE Emerging Markets All Cap China A Inclusion Index. Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) has a very low expense ratio of just 0.15% and had 4272 stocks in its portfolio at the end of the third quarter. 13 elite funds from our system held shares worth $3.2 billion in this stock as of September 30th.