The 5 Best Large-cap Stocks to Buy According to Ray Dalio

4. JD.com, Inc. (NASDAQ: JD)

Along with investments in safe stocks, the billionaire investor Ray Dalio has also been diversifying investments towards high growth stocks. JD.com has been the permanent member of Ray Dalio’s portfolio since the second quarter of 2018. However, Bridgewater Associates have increased its stake in the Chinese e-commerce platform by 20% in the latest quarter.

JD.com currently accounts for 1.56% of the portfolio valued at over $129 billion. It appears that Ray Dalio’s hedge fund has benefited significantly from its JD stake. This is because the share price of the Chinese e-commerce platform grew 148% in the last year alone. The social distancing policies along with consumer’s shift towards online platforms enhanced the future fundamentals of internet stocks. JD.com has generated 29% year over year revenue growth in the latest quarter.