Billionaire Ray Dalio’s Bridgewater Is Crazy About These 15 Stocks

10. Walmart Inc. (NYSE:WMT)

Bridgewater Associates’ Stake Value as of Q3: $229.6 million

Number of Hedge Fund Holders: 88

Walmart Inc. (NYSE:WMT), the world’s largest brick-and-mortar retailer, operates an impressive 100,000 locations globally, leveraging its financial strength to maintain competitive pricing and steady margins in a notoriously low-margin industry. Additionally, Walmart’s international expansion, especially in high-growth markets like Mexico and India, presents significant opportunities to drive future growth and strengthen its global footprint.

High-margin revenue streams, such as Marketplace and Supplier Advertising, are steadily growing and enhancing Walmart’s financial outlook. Notably, General Merchandise achieved year-over-year growth for the first time in seven quarters. E-commerce also continues to drive performance, with U.S. online sales rising 22% and global sales up 27%, alongside narrowing segment losses.

On November 22, Barclays raised its price target for Walmart Inc. (NYSE:WMT) stock by $12 to $90 following the retailer’s strong third-quarter earnings. The firm highlighted robust U.S. operational performance, particularly in grocery and general merchandise, as well as the ongoing expansion of Walmart’s marketplace. However, Barclays noted potential foreign exchange challenges, as a stronger dollar could impact revenue from the company’s international operations.