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

3. The Procter & Gamble Company (NYSE: PG)

Dalio’s hedge fund Bridgewater has initiated a huge position in The Procter & Gamble Company (NYSE: PG) during the September quarter. The fund invested $170 billion to buy 1.2 million shares of PG. It now represents the ninth largest stock investment, according to the latest filing. Procter & Gamble accounts for 2.05% of overall Dalio’s portfolio.

The large-cap Procter & Gamble is a good stock to hold in a dividend portfolio. The dividend aristocrat has raised dividends in the past 64 straight years. Although its shares grew only 9% this year due to pandemic related challenges, the future fundamentals look strong amid its vast global exposure and extensive product line.