Ray Dalio made several changes to his portfolio in the third quarter. Here is a brief summary of his recent changes.
We don’t see Dalio’s entire portfolio moves, but the recent 13F filings show us his long stock positions in U.S. markets. Bridgewater Associates sold out a few positions over the third quarter, including $39 million NetApp Inc. (NTAP), $15.8 million Martin Marietta Materials Inc. (MLM), $14.9 million Polo Ralph Lauren Corp (RL), $14.3 million Intel Corp (INTC), $11.3 million Cisco Systems Inc. (CSCO), $10.5 million Apple Inc. (AAPL), etc. These positions had weighted average return of 19.51% since the end of September, higher than the 10.88% of SPY.
Bridgewater disclosed owning $16.9 million worth of Dentsply International Inc. (XRAY) at the end of September. The fund did not disclose holding any shares of XRAY last quarter. DENTSPLY is a designer, developer, manufacturer and marketer of a range of dental products. The company reported third-quarter revenue of $619.76 million, up from $541.82 million for the same quarter a year ago. Net income was $60.6 million, compared with $63.65 million last year. XRAY returned 16.88% since the end of third quarter. Steven Cohen’s SAC Capital Advisors also had $67 million invested in XRAY. (Read the rest entry here)