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and the person who predicted the March 2020 crisis and opened short positions in October 2019 with a March 2020 expiration and made a lot of money from the collapse that occurred in the markets. Today we are talking about Ray Dalio. I'm talking to you about gifts and his investment portfolio. Hi everyone, Marco Casali here and you know, you follow my channel.
I am a careful analyst of the portfolios of the largest hedge funds. You know that he controls Warren Buffett's portfolio and obviously also King Italy. He is one of the historical figures, one of those people from whom you have to learn. There is a lot to learn if not to copy a lot. Pay attention and therefore many, when they see it, go to see Opera Italia and invest in this.
Then I have to invest in it too. No guys, it doesn't work like that because you don't know why he is invested in that company. Because at that price, what are his objectives and his time horizon? There are many things you don't know, but it is important instead to learn perhaps and see where these large investors are moving.
Last time we analyzed Warren Buffett's portfolio and we saw that he removed the Warren Buffett and then closed it. Any position on airlines did just that a few weeks ago. This is an important signal, which doesn't mean you have to close them too. It's certainly information that can be useful. We can use it to our advantage.
Well, today we'll talk about Bridgewater, the Re Italia fund, and we'll see which positions it closed and which positions it opened in this period. We'll try to understand and predict which ones, and guess what the approach to Dire Italia could be for the next few months with its investment portfolio of shares.
So, let's move straight to the practical part. Let's go to Anagni. It will be the portfolio. Guys, as usual, a like if this video is about this topic addressed in this way. I like it. It's useful. Subscribe to the channel to stay up to date. I'll publish a new video from time to time. We'll see you very soon.
Happy trading everyone. Bye, and here it is, guys. The Re Italia portfolio, or rather Bridgewater Associates' ETF. Reda also manages and administers them, and decides on the positions. And on the SEC website. So, let's start, as usual, from the official website. The SEC website where these models are deposited, which is called 13 F.
Here it is, and consider it. that this model was filed on wait while I go back to see the last filing because it was filed on May but it considers 31 31 but it was delivered in May but it takes into account the positions of 31 03 so 31 March sorry I didn't get the I didn't get the date so you can go here to manage it here you will say delivered on May 14 this is the port them reports fair we will be able to go and see what happened now the reading of 13 f you can obviously download it and in excel you can then make all the graphs and this is a method that I use another method is to go and see there are sites that give you the data in a more readable way on one thing only I point out that here it gives you the value of the entire portfolio portfolio value total and here it is that you see it you will see that here we are in the order of millions hundreds of millions and here we are in the billions ok just to make you understand we are talking about 5.5 billion and change so let's go and see guys let's start with this graph which is the graph that tells us at a glance there It gives the diversification of the portfolio because the portfolio is diversified in a rather homogeneous way across various services except this one which you see is, you see that this one has a greater weight on the portfolio, we are talking about basic materials, so evidently this is a sector in which Italy always feels confident in investing and it is interesting to note that then there are technology services, utilities, Kong with Blom Rates, conglomerates, consumer goods, financial, healthcare and industrial goods.
We have already talked about the Bridgewater Associates portfolio here on the channel, so I could go and watch the old video today, but I wanted to focus especially on some positions, in particular on the positions that have been added, on the positions that have been inserted for the first time into the portfolio and those that have been closed, so look, I'll show you from here, probably this is the simplest way to see it, or filtered only the companies, so the stocks that have been added, therefore they were not previously included in the portfolio and you see it in this column, it can have the previous percentage of portfolio, it is empty, meaning that these companies were not there before and now instead here it tells you how much was purchased in terms of shares, that is 21,997 shares and here how much does it weigh as a percentage of the portfolio so you see that we immediately notice one thing: several companies have been added to tell us the truth but consider that they have been added at a very low percentage.
The two companies that have been added to the portfolio and which have a high value of 0.11 percent which is a low value but the highest in a relative sense are these two, one in the healthcare sector and one in the consumer discretionary sector. You probably already know this one from consumer discretionary, MCD because we are talking about McDonald's Coin, in short, companies that we all know.
Here we have instead in healthcare we have United Health Group and this is another very solid company. It is interesting to note, always remember that these purchases were made by March 31, 2020 and remember another thing: the minimum, guys, was on March 23rd. The minimum of the markets was reached with the March crash of the markets on March 23rd so these additions were probably made close to the minimums so they are all big big catches.
Let me use the term, so we said Elkann McDonald are the two additions. major but then two other companies follow, one in the industrial sector, I'm referring to LMT Lockheed Martin Corporation, and then we have a consumer staples company, and you will know it very well. We also have Philip Morris International, and these two additions are also worth 10 percent.
Gentlemen, we're talking about 10 percent, but remember that the portfolio has a value of 5 billion dollars, so we're talking about 60,747 shares taken for Philip Morris, and 37,000,889 shares. They have a veil, which is said to be with another consumer staples. You see here the sector, this is the industrial sector, and this is Pep, namely Pepsi, which is the group that contains PepsiCo.
Then we have an interesting one, this is one. While I expected, well, not knowing the portfolio of gifts, or I expected this type of addition, at least in these sectors and not from the point of view of the companies in the sectors, it seems new to me, this one sounds quite new to me, and it's very interesting, this one that has arrived here at CNCN, guys, information technology sector, 00,9 percent as a portfolio.
27,700 63 ACN shares Accenture now Accent anyone who works in the world of information technology surely knows why Accenture is a huge company let's go directly to the website Accenture dot com is a sprawling multinational company one of the forces of the One Five Hundred Global Company is in short it is a company that sells services and provides consultancy on products we are talking about a really really big company it is a company in which to tell you the truth I have never invested it is not even in my sights which is why it was even stranger to me to see it in the portfolio of say Italy but as I always say the study and keeping track of these companies for me does not mean blindly copying what these big investors do but trying to understand what the reasoning is behind it for example here on I could go and look at ACN let's go and see what ACN did in March of how much it was actually down it is a company that I do not consider under the best also because to tell you the truth it is a company that I do not like too much from the point of view from the point of view of the of the work and it's a genre I know quite well also worked with my company and collaborated on various projects in Italy and you see that in March it had actually dropped a lot we were at 143 dollars currently we are at 201 evidently it considered at these values to be an excellent opportunity it is a solid company solid Accenture so from this point of view certainly you don't know it will not have done badly I preferred to buy others but it is always interesting to see what Re Italia does and then okay we have other companies here we have in the communications sector we have S P G S P Global including is part of Negro then we have another healthcare an industrial industrial guys we have a company again even if looking they are all extremely solid companies this is a well international are companies if you go and look at the economics of these companies what you will notice is that they are companies that are robust from the point of view of the business model well positioned little debt and a cash flow that in any case comes from activities that are now consolidated activities that are difficult for them to lose in the space of a few years ok so let's keep this is a bit of a common thread in my opinion then we have Here are some companies that I also had under my sights, we have others, A Group, we have a Bristol Myers, and on this too, well, I think I said something in my webinar dedicated to anti- recession actions, from the stocks that I had, to the stocks that I had under my radar, and then look here, Consumer Staples, we still have Coca-Cola, it took 10.07 80 2584 shares, shares, and so on, well, there are, there are really a lot of them, consider, there are 179 lines, so it means that these were the purchases he made, let's go and see because we also learn a lot from the close- outs, those that he removed 100 percent from the portfolio, you see here, if you look, this was the quantity of shares he had and that he removed, this is the quantity in percentage that was removed and now he no longer has ownership, 0 in fact, zero percent, you also see as a percentage of the portfolio to be able to go and see, he removed Verret, evidently he made a space for an information technology company, he took accent ore wrongly, r mib rmr mb s wrongly the police commissioners at Thorton Finance and this is another one of those closures that a really really strange NVD has put on NVIDIA which is a company that you may know because it produces famous graphics cards but it is a company that has its hands in everywhere it produces chips and hardware and also in the virtual reality sector in short it is a very very interesting company it seemed strange to me that it closed it right in March because in March it had probably risen so much I remember it because it is a company that I have had in my portfolio guys for a very long time and it has given me so much satisfaction and I tell you the truth it is a company that slowly over time I started here March or slowly accumulated and so when it fell so much I accumulated in this decline more look it broke the highs of February 19th February it broke them on May 11th we were at 200 dollars we got to 350 there is 55 dollars it made the plus 148 percent in a very short time really really incredible this company and yet we saw it take away the headquarters removed from the portfolio and then here these I wanted to get to the self and self here it is and what are these two companies are transport companies the green recognized because we talked about it when we talked about Warren Buffett's portfolio Berkshire Hathway because they are Delta Airlines and United are the companies in the transport sector and Bridgewater also removed them from its portfolio it closed them this interesting decision especially in a decision that follows the same line as Warren Buffett's so evidently in these companies there is in my opinion it is not that there is no confidence guys and that there is very little certainty of what can happen in the next few months and perhaps in the next 12 24 months so in the next two years in this sector which evidently is a risk that they do not want to expose themselves to and therefore they remove them from this you have to think it is not that they are companies that perhaps will never recover but if from here to a year or two years I have no visibility in a certainty of what can happen in that industrial sector I will remove it from my portfolio maybe I will put it back in a year and a half when things are more Clearly, I don't hold a distressed position with such a high level of risk.
You have to get inside their heads and understand how they think, and you should really think like that too. Then we'll quickly complete the additions that he made. I don't want you to add anything. I just want to talk about one in particular, ND, because he added one percent to his portfolio and now holds one point one, and a significant position.
Consider that ND. And now I'll tell you what an ETF is. This one, on a very specific market, is in thirteenth place in terms of positions with the greatest weight in the portfolio. In fact, it represents 1.82 percent of the entire portfolio, so a very, very large share. What is PND? Guys, and ND. I'll show you here.
We're talking about the MSCI India shirts. Okay, so what does that mean? It means we're talking about an ETF, so let's call it a portfolio, a fund managed for you, and you'll see that within this portfolio, everything is on the Indian market. Guys, this was the interesting thing. There are various sectors, no, these are the top ten, that is, the ten heaviest positions in energy, financial, information technology, 2 information technology.
a consumer stable another financial communication another finance sa is another community consumer staples and another information technology you will see that if you add these the top ten of the whole of this ETF here we make a 13 percent this energy one here does 13 plus 15 28 28 32 32 37 37 41 41 45 47 50 52 percent 52 percent of the entire fund of these TFs if these companies here that you see all in the Indian sector do it it was very interesting for me to see this move after all yield from the guys he did not hide it in the various interviews saying diversify which does not only mean diversifying from the sector but also diversify on the markets you do not have not have you do not have to create an all American portfolio that insists implies American companies also go abroad and so he went on an ETF maybe going abroad means either knowing the Indian market very well in this case or you rely on an ETF that practically builds the portfolio for you and you have an inheritance by buying them TFR of those dates, this was the thing I wanted to share with you and on the junta that was made guys to say that for this beautiful full-bodied video it's all a like if you liked this video let me know with a comment what are also your observations if you have found strange things that actually owns the portfolio of rei of having such or if you were expecting maybe something else as usual subscribe to the channel to stay up to date thank you very much for your attention good trading to all bye
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