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Which companies has he invested in and how is the portfolio diversified by one of the greatest investors in the history of financial markets Ray Dalio Hi everyone Marco Casario here and today we are talking let's analyze the portfolio and how the portfolio is balanced and diversified Ray Dalio's portfolio guys Rai Dario is said to be one of the best investors when it comes to identifying understanding when a crisis is about to occur a financial recession and Regali is telling us that we are right on the threshold of a crisis so it is very and much more important to go and study how his portfolio and which are the companies he has added, the companies he has removed, the ones he has bought in recent months, the ones in which he has increased his positions.
This I don't work, I do constantly for my course on investing in the stock market so I propose I have a teaching module for my students precisely to show them various approaches to investing various techniques and how the great investors move within the markets I extend this video so here too you on the channel I'm sure it can be useful to Regali or manages Bridgewater which is a former fanbook of his hedge fund which are I think he's been on the market for 40 or 41 years and has always had great results.
He's truly one of the top investors in the world. So we're going to look at his portfolio and actually see that he's made very precise choices by investing and diversifying into sectors that are outside of the American economy. This should make us reflect. Above all, what we'll notice is that he's a great lover of investments in ETFs, which are already diversified instruments by their very nature.
So not only does he diversify into sectors and countries, different economies, but he also uses diversified instruments like ETFs. The style of the setup is very particular. Let's say Dario, guys, enough with the chatter. Let's go and look at the portfolio as a whole and analyze it. A like if these videos, if this, if this information is useful to you.
It's the only tool for me to understand if you're actually interested in this content. Subscribe to the channel. Click on the subscribe button with the bell, then the bell icon so that YouTube can notify you every time I publish a new video. We'll see you very soon. Thank you very much for your attention.
Happy trading. Hello everyone, and here it is, guys, Ray Dalio's portfolio, that is, Bridgewater Associates, because this is the former fund that Ray Dalio founded and runs. We immediately notice something to look at, his portfolio, which is definitely an ETF lover. So, let's remember one thing, guys, every time we look at portfolios, we look at the so-called 13F model.
Okay, this is the model that hedge funds use to declare their investments within the SEC. These are only the long-term purchase investments, that is, all the companies they have bought, among other things, that they have only purchased in the American market, so it is not mandatory, for example, to declare if they have invested in companies on other markets, such as the Chinese one.
We know that gifts are given several times. He has said that he is going to invest and diversify in China, even though the Chinese market is not yet extremely regulated, and there are many investors who have opposed him with respect to this statement. But he also said, well, if we go, if we go, if we wait to go and invest in China when everything is regulated and everything is now safe, well, then.
You probably missed the train and there is his reasoning but you always have to go and remember these things so you often ask me guys on the you ask me here on the channel that I go and tell you which are the sites I look at to go and look at the positions and portfolios of the companies we did it for Warren Buffett we did it for Michael Berry and now we are doing it for Ray Dalio today I will write it to you I will make a post on the big list nutrite themes for in which I tell you the sites I use ok to go and look at these portfolios something that I actually do often and I go to the SEC website I download the csv which I then import into Excel and I keep them well saved in Excel but today I am going to talk about the sites that I go and look at like for example this one that you are seeing which gives me an immediate vision of what the portfolio is and above all I like this site because it allows me to first of all it tells me what is the reference time of this last one of this last report you see this report was published on August 13th but as usual this is another thing that you must always remember it refers to the period to 30 June OK so today we are looking at the positions but they are the positions of June so some positions can be changed closed added and the interesting thing that makes me export the format in Excel or CSV format that I import and then mimì work with my graphs within the within the of my of my management of the positions so guys what do I see as well as first analysis I see that as I was telling you he is a lover of ETFs because the largest positions he has in his portfolio are Bridgewater Associates and they concern all the ETFs here it is the first one is it gives you brio spy then we have two ETFs on the energy markets and then we still have IWW then we have the goal then we have and from Brussels these are look you see the first position represents 15.9 percent of the portfolio the second position 15.6 etcetera so I already do with this site I do immediately understand what is the vision of the rabbi piccio let's say of the gift portfolio or then I use this other site because this other site here mini gives me a more in-depth view and in particular what he usually does that is I want I 'm going to see immediately what are the new companies and the new investments that an investor has made, so click on the new Equa button, I'm going to look at them, they're new, here they are, you see that he has invested in the final sector, the consumer discretionary sector, the energy providers, these are the companies in question, for example, here we have ETFs on China large caps, so it's another ETF and so on, and then I see the percentage of the portfolio.
First of all, what I see is that what I notice is that all the new companies added to the portfolio represent a very small percentage of the portfolio, look here: 0.24 percent, 0.23 percent, 0.17, so yes, many positions have been added, but they are all small positions that represent a very small percentage.
It's a very large portfolio, guys, it really has many, many, many companies and many, many ETFs within it. Then what I'm going to do is I'm going to look at the close outs, what are the close outs and the closed positions compared to the last report, and here I'm going to see that you see, they are all closed, in fact, the change column is at least 100 percent, and you see that here I see that LNG has closed, which is a company in the energy sector, a company in the materials sector, finance and so on, so I'm going to look at it, also of interest.
The first two pieces of information that interest me are to see how the portfolio has changed over time. Okay, Bridgewater, guys, it's a hedge fund that I think has been on the market for 40 or 41 years. Okay, so it has a history, and for me it's important to see how the portfolio is changing in terms of new positions added, closed positions, and finally the last thing I look at is the positions.
Here they are, the positions that have been added. Okay, here for example, so positions that were there are added. Positions here are gold, added one percent of the Ida Blitz, and added 13 percent of High1 on long-term corporate bonds. Oops, no, I didn't mean to click. Wait, sorry, I'm going back. Here it is, so understand.
I'm going to look at all this information that Samo gave me on Had to Hell. Now let's go and look at the larger positions in the portfolio. Here it is. I'll show you from this site with this nice table. We'll comment on some together, just to let you know, as usual, guys. observations these studies are not necessarily useful to copy what has been done by the big ones but to see what the approach is, what the idea is behind their portfolio and above all what their vision is to try to understand and have an increasingly complete vision of the market then the largest position which represents 15.9 percent is the VW or this is an ETF on the Emergine Market ETF from Vanguard what I do I advise you to do when you do not know an ETF question TF very famous but go to etf dot com enter what name and this LTF of the DM Gimar Cat and here it shows you above all how it is composed because the TF by its definition is already diversified in fact you see that therefore it tells us which are the countries that are part of this basket and Hong Kong and therefore represents China represents 20 3.95 percent Taiwan 14 China 10 and 70 India 10 Brazil Lotto and these are the sectors financial and technology sectors are the two largest financial almost the 30 percent technology, 24 percent then going down, energy, basic materials and so on and these are the holdings, that is, the companies that are inside this ETF, so there is the Chinese giant Ten Cent, 435 Alibaba, 378 and so on, so this is what you can do.
One thing first, the first thing we notice in the portfolio is this large investment made on the energy markets, so he believes a lot in the emerging market of Italy. The second investment instead is on the TF Spy ETF of the SP 500, look, the percentage of the portfolio is almost identical to that of the emerging market of the Buddha Blio: 15 and 6 percent of the TFs, so here we are on the American economy, okay, so it is an ETF that takes, that replicates, it mirrors, it is said in technical jargon of the SP500, so let's say that these two positions alone cover more than 30 percent of the entire portfolio of Bree del Water Associates of Ray Dalio, then what do we have next, then we have these two, let's look at them together, and MGM, what are these representing?
9.4 percent to 8.7 percent let's go and see them, I'll show them, they're still on the energy markets, so the and mg in this register you might say, but why if he had invested in Vanguard's V Dabliu, he also invested in an Ishares ETF, what's the difference? I'll tell you right away, the difference of this ETF is that this ETF covers, let's say, large, mid, and small caps, so companies with large, medium, and small capitalization from various countries, again from which countries of these, so the diversification, you see, is similar to the Vanguard ETF, but the composition of the companies that are part of it is different, so the and mg and this one I'm going to show instead and m, the m and always emerging markets, but it doesn't include small caps, so it only includes the large and mid caps of this guy, it's interesting to see how, compared to last time, he has decreased his position by a very large percentage, the fact is that these two positions, therefore together with this one, represent the merging market, so if I had to give an opinion on what is the vision of diversification of Renaio's portfolio, it is to focus a lot on emerging markets on small caps, large caps and mid caps, okay, so interesting, then here we go to another IWW ETF, let's see how this ETF is structured, and vv, and well, we are on the American market, we are on the American market that tracks companies from the S&P 500 again, and in particular, see everything about the companies born and these, one hundred percent, 26 percent, technology, 15 percent, financial, 13 percent, healthcare, and so on, and these are the companies that are in it, so there are companies from the S& P 500, there are companies from the Nasdaq, we have Microsoft, we have Apple, Microsoft represents the largest portion, 4, 29 percent of this basket, 388 for Apple, Amazon, and so on, so let's say that it was a way to diversify within the American market by also including companies in the technology sector in the portfolio, and finally, finally, why am I stopping?
These are probably the last two positions that we are going to analyze, this is very interesting and it is their goal, which has never been hidden, especially when we approach the moments of crisis of high volatility, to be a fan of their investment in G&L. of gold LTF which is covered by a backup of their physical gold represents 4.2 percent of his entire portfolio and these are positions that he has increased compared to the last period so it is interesting to see how he has not only bet on it but also increased his positions I conclude this analysis with this last ETF and Dabliu Z because this is a great one and I believe it is a great vision that Ray Dalio has because it is Dabliu Z and an ETF that has Brazilian companies in its basket so as a reference market it is the Brazilian market evidently he believes in it a lot after all Brazil is one of the emerging countries one of the countries that most among the countries of Central and South America and Regali or has already put 3.2 percent will you come guys as respect would have gone to see MIB to see you my video my previous videos on Warren Buffett's portfolio on Michael Berry's portfolio you will see how Regali's style is a very different style compared to these other two large investors these are the considerations you have to make well guys I would say that for today that's all then the positions say Italy begin to becoming smaller and smaller but in the portfolio and there are really so many you see here we are even at 0.2 percent 0.3 percent and it also invests in individual companies for goodness sake but the largest and the biggest investment is in the companies that we went to see guys and a light if you liked this video also tell me below what you think with a comment what is your vision actually after seeing the portfolio say Italy we will see you very soon thank you very much for your attention good trading to everyone bye
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