Top 5 Stocks Billionaire Ray Dalio Just Bought

Topping the list of Dalio’s new stock picks is Walmart Inc. (NYSE:WMT), which Bridgewater bought 1.39 million shares of during the September quarter, building a position valued at $195.06 million. That vaulted Walmart straight into second spot among Bridgewater’s most valuable stock picks, where it trailed only Alibaba Group Holding Limited (NYSE:BABA).

Walmart is taking the fight to Amazon.com, Inc. (NASDAQ:AMZN) with its Walmart+ delivery service, which has already been subscribed to by 11% of American consumers according to a Piplsay Research poll of 20,179 Americans. Furthermore, 19% of those subscribers migrated to the service from Amazon Prime. With its huge advantage in number of physical locations and its ability to deliver perishable food items, Walmart could quickly eat into Amazon’s seemingly unassailable e-commerce position. Walmart’s e-commerce revenue surged by 94% year-over-year during its fiscal Q2.

For more timely stock picks from the world’s greatest investors, don’t miss the Top 10 Stocks Billionaire George Soros Just Bought.

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