The Bridgewater Associates founder would double the earnings on his investment in Meta by the end of the year. Bridgewater Associates increased its investment in Meta when shares were priced at $184, and these are now worth $312. The returns for investing in Meta are 71.8%, one of the highest in Ray Dalio’s portfolio, in regard to the purchase share price.
The billionaire and founder of the investment fund, Bridgewater Associates, Ray Dalio, increased his investment in Meta Platforms or META by 70% and added 446,000 shares in the first quarter of the year, when the shares cost $184. Currently, the company’s shares are trading at $312.64.
The Bridgewater Associates fund now has more than a million shares of META and a 70% investment in shares of Mark Zuckerberg’s company occurs in less than six months. By 2024, Ray Dalio would have doubled his investment returns, as Meta Platforms shares could exceed $350, according to TipRanks.
Ray Dalio’s Fund Scales Among Meta Shareholders
Until the first quarter of the year, the main shareholders of Meta were: Mark Zuckerberg, The Vanguard Group, BlackRock, Fidelity, SSgA Funds, Goode Capital, Capital Research, Norges Bank Investment, and T. Rowe Price Associates, who own between 14 and 1 .58% of Meta’s shares, according to Statista. Stock Circle data shows that Ray Dalio’s portfolio had a combined gain of 3.12% in one year.
Currently, the price of Meta’s shares exceeds $312, being one of those that offer the highest returns to its investors, since the shares have risen 85.51% in the past year. In November 2022, Meta Platforms shares were trading at $90.54 and as of July 31, they were above $318.60, according to Google Finance.
However, the returns for investing in Meta are among the highest in Ray Dalio’s portfolio, at 71.8% compared to the purchase share price. Another large percentage of the portfolio is allocated to BlackRock, which together exceeds 10% of its portfolio, and Mastercard, barely 0.7%.
The fund has investments in Web 3.0, while the second company is partnering with FinTechs on cryptocurrency-related projects. Ray Dalio’s portfolio totals $17.2 billion, higher than other investors like Cathie Woor (ARK Invest), which is $15.3 billion. It is even higher than that of George Soros, which is $2.42 trillion.
Ray Dalio Predicted a Year Ago the SEC Conflict Against Cryptocurrencies
Ray Dalio has not been a critic of cryptocurrencies, but he has been a skeptic, since two years ago he argued that regulators will take control of Bitcoin if the cryptocurrency ends up spreading en masse among citizens.
The billionaire (worth $19.1 billion) was right. It was, after the recent actions of the United States Securities and Exchange Commission (SEC) against some tokens that it described as “securities”. However, Ray Dalio has stated in the past that he owns Bitcoin.
Ray Dalio announced at the end of 2022 that he was giving up control of the world’s largest hedge fund. He was reported to have transferred all his voting rights to the board of directors, but that he would remain on the board as founder. Since the announcement, all of Bridgewater’s investments have been held by Bob Prince and Greg Jensen.
By Leonardo Pérez
