Billionaire Ray Dalio’s 5 Long-Term Stock Picks

1. The Procter and Gamble Company (NYSE:PG)

Bridgewater Associates’ Stake Value: $835.2  million

Percentage of Bridgewater Associates’ 13F Portfolio: 4.22%

Number of Hedge Fund Holders: 69

The Procter & Gamble Company (NYSE:PG), an American multinational consumer goods company that provides beauty, health, baby, and family care products, was the largest holding of Bridgewater Associates at the end of Q3 2022. The hedge fund owned over 6.6 million PG shares, worth over $835.2 million. The Procter & Gamble Company (NYSE:PG) stock has been part of the fund’s portfolio since Q3 2020.

Jefferies analyst Kevin Grundy raised the price target on The Procter & Gamble Company (NYSE:PG) to $164 from $149 and kept a Buy rating on the shares following P&G’s “upbeat” investor day meeting on November 22. Although trade down remains a risk, The analyst believes that P&G “remains a core holding.”

At the end of the third quarter of 2022, 69 hedge funds in the database of Insider Monkey held stakes worth $4 billion in The Procter and Gamble Company (NYSE:PG), compared to 71 in the preceding quarter worth $5.5 billion. Peter Rathjens, Bruce Clarke And John Campbell’s Arrowstreet Capital was one of the company’s leading shareholders at the close of Q3, with stakes worth approximately $712.2 million.

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