Ray Dalio's Top Five Increases of the First Quarter

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As of the end of the first quarter 2013, Guru Ray Dalio of Bridgewater Associates owned 266 stocks valued at $10.99 billion. During the first quarter Dalio added 121 new stocks to the firm's portfolio, increased his holdings in 68 stocks, decreased his stake in 75 companies and sold out of 66.


The following five companies represent Ray Dalio 's top five increases for the first quarter.

PMC-Sierra ( PMCS )

Dalio increased his stake in PMC-Sierra in the first quarter by 2838.93%. He bought 283,798 shares at an average price of $6.24 per share. Since that buy the price per share has gone down 3.2% from Dalio's average purchase price. Dalio now holds on to 293,830 shares, making up 0.018% of his total portfolio.


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PMC-Sierra is a semiconductor innovator transforming networks that connect, move and store digital content. The company designs, develops, markets and supports semiconductor solutions by integrating its mixed-signal, software and systems expertise through offices in North America, Europe and Asia. The company has approximately 640 different semiconductor devices that are sold to equipment and design manufacturers, who in turn supply their equipment principally to service providers, carriers and enterprises globally. PMC-Sierra sells its semiconductor solutions primarily into two general markets: the Enterprise Infrastructure market and the Communications Infrastructure market.

PMC-Sierra has a market cap of $1.22 billion; its shares were traded at around $6.04 with a P/E ratio of 22.50 and a P/S ratio of 2.40.

CH Robinson Worldwide ( CHRW )

Dalio increased his holdings in CH Robinson by 2642.14% in the last quarter. Dalio purchased 219,800 shares at an average price of $61.07 per share. This brings his total shares up to 228,119 shares which make up 0.12% of his total portfolio.


Since Dalio's buy the price per share of CH Robinson has decreased 2.3% from his average purchase price.

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CH Robinson is a third party logistics company. The company provides freight transportation services and logistics solutions to companies of various sizes, in a wide variety of industries. It has developed global transportation and distribution networks to provide transportation and supply chain services worldwide. As a third party logistics provider, the company cultivates contractual relationships with a variety of transportation companies, and utilizes those relationships to efficiently and cost effectively transport its customers' freight.

CH Robinson Worldwide has a market cap of $9.5 billion; its shares were traded at around $59.65 with a P/E ratio of 16.20 and a P/S ratio of 0.80. The dividend yield of CH Robinson is 2.3%. CH Robinson Worldwide had an annual average earnings growth of 16.5% over the past 10 years. GuruFocus rated CH Robinson the business predictability rank of 3-star.

Juniper Networks ( JNPR )

Dalio added 823,100 shares of Juniper Networks in the first quarter representing a 769.14% increase in his holdings of the company. He bought the shares for an average price of $20.83 per share. Since this buy, the price per share has dropped -15.5% from his average purchase price. Ray Dalio holds on to a total of 930,115 shares of Juniper. These holdings represent 0.16% of his total portfolio.


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Juniper Networks designs, develops and sells innovative products and services that together provide its customers with high-performance network infrastructure built on simplicity, security, openness and scale. The company serves the high-performance networking requirements of global service providers, enterprises and public sector organizations that view the network as critical to their success. The company's operations are organized into two reportable segments: Infrastructure and Service Layer Technologies.

Juniper Networks has a market cap of $9 billion; its shares were traded around $17.60 with a P/E ratio of 35.20 and a P/S ratio of 2.10.

Jack in the Box ( JACK )

Dalio increased his holdings in Jack in the Box 653.93% in the most recent quarter. Dalio bought 45,893 shares of Jack in the Box at an average price of $30.96 per share. Since his buy, the price per share has increased 19.4% from the average purchase price. Dalio owns 52,911 shares of Jack in the Box. His holdings make up 0.017% of his total portfolio.


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Jack in the Box is a fast-food chain restaurant. The company operates and franchises more than 2,800 Jack in the Box quick-service restaurants and Q'doba Mexican Grill fast-casual restaurants.

Jack in the Box has a market cap of $1.61 billion; its shares were traded at around $36.97 with a P/E ratio of 24.90 and P/S ratio of 1.10. Jack in te Box had an annual average earnings growth of 6.1% over the past 10 years.

Intuit ( INTU )

Ray Dalio increased his holdings in Intuit by 634.33% by adding 221,008 shares to his holding. He purchased these shares at an average price of $63.76 per share. Since his buy, the price per share has dropped 8.5% from the average purchase price.


Dalio currently holds on to 255,849 shares of Intuit. His holdings in the company make up 0.15% of his total portfolio.

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Intuit is a provider of business and financial management solutions for small and medium-sized businesses, consumers, accounting professionals and financial institutions. Its flagship products and services, including QuickBooks, Quicken and TurboTax, simplify small business management and payroll processing, personal finances, and tax preparation and filing.

Intuit has a market cap of $17.07 billion; its shares were traded at around $58.34 with a P/E ratio of 24.0 and a P/S ratio of 4.20. The dividend yield of Intuit stocks is 1.10%. The company had an annual average earnings growth of 17% over the past 10 years. GuruFocus rated Intuit the business predictability rank of 4-star.

You can see Ray Dalio 's current portfolio here. Also check out his Undervalued Stocks, Top Yielding Stocks and High Growth Companies.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing

Referenced Stocks: CHRW , INTU , JACK , JNPR , PMCS

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