Top 5 Stocks Billionaire Ray Dalio Just Bought

Page 1 of 5

Below we present the list of Top 5 Stocks Billionaire Ray Dalio Just Bought. For more background on Ray Dalio and some of his other top stock picks, check out Top 10 Stocks Billionaire Ray Dalio Just Bought.

  1. PepsiCo, Inc. (NASDAQ:PEP

Ray Dalio’s Bridgewater Associates opened large stakes in each of the two soft drink giants during Q3, beginning with PepsiCo, Inc. (NASDAQ:PEP), in which the fund bought 693,736 shares valued at $96.15 million at the end of September. 53 of the select group of high performing hedge funds tracked by Insider Monkey were long PEP shares on June 30, down from over 60 at the end of Q3 2019.

Bridgewater has to be pleased with Pepsi’s Q3 results released on October 1, which showed the beverage giant has returned to profitability and revenue growth. The former metric rose by 6.4% to $1.66 per share, while the latter increased by 5.3% to $18.1 billion. Pepsi also ate into rival Coca-Cola’s market share, as its beverage volumes rose by 1% during the quarter, while Coke’s fell by 6%.

Page 1 of 5