Billionaire Ray Dalio’s Top 5 Small-Cap Stock Picks

2. Helen of Troy Limited (NASDAQ:HELE)

Value of Bridgewater Associates’ 13F Position: $12.33 million

Number of Hedge Fund Shareholders: 16

Ray Dalio’s hedge fund owned 50,032 shares of Helen of Troy Limited (NASDAQ:HELE) at the end of December, a 7% increase quarter-over-quarter. He’s maintained his HELE holding throughout 2021 even as 43% of the stock’s former hedge fund shareholders have jumped ship since Q1.

Helen of Troy Limited (NASDAQ:HELE) grew sales by 37.1% and adjusted earnings by 21.1% during its fiscal Q3 2022 despite tough comps, supply chain issues, and growing inflation. All three of the company’s segments exceeded management’s expectations during the quarter, which was attributed to its strong and diversified portfolio of brands.

Importantly, Helen of Troy Limited (NASDAQ:HELE) has also largely overcome the issues it was having with the EPA in terms of some of its product packaging and labeling, which temporarily hit both its top and bottom lines.