The World's Biggest Hedge Fund Loves These 5 Big-Brand Stocks
Hedge funds don't get the same level of attention among investors as publicly traded funds like Cathie Wood's Ark Invest exchange-traded funds (ETFs) or Warren Buffett's Berkshire Hathaway, but it's worth following the moves of these privately held funds that cater to wealthy individuals and institutional investors. After all, these companies sometimes control more than $100 billion in wealth, making them major players in the stock market.
The biggest hedge fund in the world today is Bridgewater Associates, which has around $200 billion in assets under management. Bridgewater was founded in 1975 by Ray Dalio, and has grown exponentially over the years. It was one of the few hedge funds to emerge as a winner during the great financial crisis in 2008, and Dalio tends to focus his investing strategy on macroeconomics, following the direction of the economy rather than the behavior of individual companies.
Though Dalio is no longer involved with Bridgewater on a day-to-day basis, the fund still attracts a lot of attention. Bridgewater's two biggest holdings are ETFs, the iShares Core MSCI Emerging Markets ETF and iShares Core S 500 ETF. Notably, its top five individual stock holdings as of its third quarter are all big-brand consumer staples stocks that investors use every day. Let's take a look at each one.
Source Fool.com
