Ray Dalio’s Top 5 Stock Picks in 2023

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

Value of Bridgewater Associates’ 13F Position: $700 million

Number of Hedge Fund Shareholders: 74

The Procter & Gamble Company (NYSE:PG) is another dependable name in Ray Dalio’s portfolio that investors can hold for the long term. Companies with a broad global presence and strong brand recognition, such as PG, can thrive in any business cycle. This is reflected in its dividend growth history dating back to 66 years. Its stock has also been steadily rising, up nearly 85% in the last five years. Its future growth prospects appear promising, with the outlook for mid-single-digit percentage year-over-year revenue and earnings growth. 

According to data by Insider Monkey, The Procter & Gamble Company (NYSE:PG) was in 74 hedge fund portfolios as of the end of the second quarter.  

You can also take a look at the 10 Best Stocks for Beginners with Little Money According to Reddit and 15 Worst Performing Dividend Stocks YTD.