Ray Dalio Stock Portfolio: Top 5 Stock Picks

3. PepsiCo, Inc. (NASDAQ:PEP)

Bridgewater Associates’ Q4 2022 Stake: $545 million

Number of Hedge Fund Holders in Q3 2022: 72

PepsiCo, Inc. (NASDAQ:PEP) is another multinational food and beverage giant, with a global footprint and countless products in its lineup.

After CocaCola, PepsiCo, Inc. (NASDAQ:PEP) is the next biggest Ray Dalio investment, and judging by the $545 million stake, it appears that for him, it’s Pepsi over Coke. Insider Monkey scanned 920 hedge fund portfolios for Q3 2022 to discover that 72 had invested in the company. So looks like it’s Pepsi over Coke for the hedge fund world as well.

PepsiCo, Inc. (NASDAQ:PEP) is currently battling a virus attack on its bottling venture, which led to a data breach.

PepsiCo, Inc. (NASDAQ:PEP)’s largest hedge fund investor is Terry Smith’s Fundsmith LLP which owns 6.6 million shares that are worth $1 billion.

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