Ray Dalio started Bridgewater Associates, which is now one of the most successful hedge funds globally, managing over $15 billion in assets. Dalio’s wealth is estimated to be around $20 billion. The fund’s portfolio value increased by $4 billion between March and June this year. The Connecticut-based fund made new purchases in 329 stocks, increased 255 stocks, reduced holdings in 116 stocks, and sold out of 80 stocks. The top 10 holdings account for 33% of the portfolio, with investments mostly focused on consumer products, technology, and services.
Here is Insider Monkey’s list of the 11 best growth stocks to buy according to Ray Dalio. NetApp, Inc. is a software, systems, and cloud services corporation based in California. Bridgewater Associates had 88,499 shares in the company worth $7.2 million at the end of June 2021, accounting for 0.04 percent of the portfolio. ZoomInfo Technologies Inc. is ranked tenth. A cloud-based market intelligence platform is owned and operated by the company. At the conclusion of the second quarter of 2021, Bridgewater Associates held 9,744 shares in the firm, valued at $508,000. Zscaler, Inc. is ranked ninth. The company is based in California and sells cloud security services. At the end of June 2021, Bridgewater Associates owned 45,589 shares in the company, valued at $9.8 million. Teradyne, Inc. is a North Reading-based company that manufactures and sells semiconductor testing equipment. Bridgewater Associates had 41,550 shares in the company worth $5.5 million at the end of June 2021, accounting for 0.03 percent of the portfolio. Zendesk, Inc. is a software development firm based in California. Bridgewater Associates held 42,206 shares worth $6 million at the end of the second quarter of 2021, accounting for 0.06 percent of the portfolio. For more details, click 11 Best Growth Stocks To Buy According To Ray Dalio.
