In this piece, we will take a look at Ray Dalio Stock Portfolio: Top 5 Stock Picks. For more stocks, head on over to Ray Dalio Stock Portfolio: Top 15 Stock Picks.
5. Walmart Inc. (NYSE:WMT)
Bridgewater Associates’ Q4 2022 Stake: $482 million
Number of Hedge Fund Holders in Q3 2022: 68
Walmart Inc. (NYSE:WMT) is one of the world’s biggest retail companies, both in terms of employees and stores. The firm has more than two million employees and more than ten thousand stores worldwide.
Walmart Inc. (NYSE:WMT) is closing three technology hubs in the U.S., the firm announced in February 2023 with employees asked to relocate to keep their employment. 68 of the 920 hedge funds polled by Insider Monkey had owned a stake in the company in Q3 2022.
Bridgewater Associate’s stake in Walmart Inc. (NYSE:WMT) was worth $482 million as of December 2022 end. It came through the fund owning 3.4 million shares.
Walmart Inc. (NYSE:WMT)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 8.4 million shares that are worth $1.1 billion.
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4. The Coca-Cola Company (NYSE:KO)
Bridgewater Associates’ Q4 2022 Stake: $535 million
Number of Hedge Fund Holders in Q3 2022: 59
The Coca-Cola Company (NYSE:KO) is a multinational food and beverages giant with a variety of soft drinks, energy drinks, and other products in its portfolio.
As 2022’s December quarter ended, SEC filings revealed that Ray Dalio’s hedge fund had owned 8.4 million The Coca-Cola Company (NYSE:KO) shares that were worth $535 million. As part of its fourth quarter earnings, The Coca-Cola Company (NYSE:KO) revealed in February 2023 that it will continue to raise prices.
Insider Monkey’s September quarter of 2022 survey covering 920 hedge funds revealed that 59 had bought The Coca-Cola Company (NYSE:KO)’s shares.
Out of these, Jim Simons’ Renaissance Technologies is The Coca-Cola Company (NYSE:KO)’s largest shareholder after Mr. Dalio’s firm. It owns 4.5 million shares that are worth $292 million.
Rowan Street Capital mentioned the company in its latest investor letter, outlining that:
“Let’s take The Coca-Cola Company (NYSE:KO) for example. Its dividend yield is 2.8%, earnings are estimated to grow at only 3.6% rate per year over next 4 years, and its earnings multiple is currently at 24x (based on next years forecasted earnings). KO has an anemic growth, so we can argue that paying 24x earnings is not very attractive. Let’s assume that the multiple will stay constant over the next 3-5 years, thus our expected annual returns will be 2.8%+3.6% = 6.4% (that is below the current reported inflation rate and only slightly above the risk-free rate of 4%).”
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Follow Coca Cola Co (NYSE:KO)
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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Follow Pepsico Inc (NASDAQ:PEP)
2. Johnson & Johnson (NYSE:JNJ)
Bridgewater Associates’ Q4 2022 Stake: $630 million
Number of Hedge Fund Holders in Q3 2022: 85
Johnson & Johnson (NYSE:JNJ) is an American diversified healthcare company that sells medicines, vaccines, healthcare products, and medical devices.
Johnson & Johnson (NYSE:JNJ)’s baby powder scandal that saw the product contaminated with asbestos took a new turn in February 2023 when lawsuits filed against it in New Jersey got a new judge. Mr. Dalio’s investment firm owned 3.5 million Johnson & Johnson (NYSE:JNJ) shares in December 2022 for a $630 million stake.
85 of the 920 hedge funds polled by Insider Monkey had bought Johnson & Johnson (NYSE:JNJ)’s shares during Q3 2022.
Johnson & Johnson (NYSE:JNJ)’s largest investor is Ken Fisher’s Fisher Asset Management which owns six million shares that are worth $1 billion.
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1. The Procter & Gamble Company (NYSE:PG)
Bridgewater Associates’ Q4 2022 Stake: $757 million
Number of Hedge Fund Holders in Q3 2022: 69
The Procter & Gamble Company (NYSE:PG) is a large consumer defensive household products provider with countless brands in its portfolio covering hair care, skin care, dental care, and fabric cleaning.
The Procter & Gamble Company (NYSE:PG) is currently focusing on integrating sustainability throughout its product chain, through measures such as using less plastic, cardboard boxes, and easy to open boxes for differently abled people. Insider Monkey took a look at 920 hedge fund portfolios for 2022’s September quarter to discover that 69 had bought the firm’s shares.
On the other hand, Ray Dalio’s Bridgewater Associates owned a $757 million stake in The Procter & Gamble Company (NYSE:PG) during Q4 2022 which came through 4.9 million shares.
After Bridgewater, Yacktman Asset Management is The Procter & Gamble Company (NYSE:PG)’s largest investor. It owns 2.9 million shares that are worth $442 million.
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Disclosure: None. You can also take a peek at Jim Cramer’s Top 10 Stock Picks for 2023 and 10 Best Recession Proof Stocks To Invest In.
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