Ray Dalio’s Bridgewater Associates’ new positions in 4Q 2013 include PepsiCo Inc. (PEP), Las Vegas Sands Corp. (LVS), and Microsoft Corp. (MSFT). Positions sold include Valero Energy Corp. (VLO), General Electric Co. (GE), and UnitedHealth Group Inc. (UNH). The ~12.4 billion portfolio comprises ETFs that have the largest positions, and the rest are smaller positions.
Unconfirmed news reports stated that the performance of Bridgewater’s Pure Alpha fund and All Weather fund have been lagging behind their hedge fund peers.
For more on Bridgewater Associates’ investment strategy and its 3Q 2013 positions, please see this series.