Ray Dalio's hedge fund unloaded its stake in Tesla and poured millions into Goldman Sachs and JPMorgan in the 4th-quarter

<p><img src="https://static5.businessinsider.com/image/602d2cf631eb0600197c3aa4-2000/2017-01-18t120000z_1124840832_lr1ed1i0p481r_rtrmadp_3_davos-meeting.jpg" border="0" alt="ray dalio" data-mce-source="Reuters / Ruben Sprich"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><ul class="summary-list"><li>Bridgewater Associates ditched its stake in Tesla and opened new positions in major banks last quarter.</li><li>The world's largest hedge fund also made new bets on tech stocks including Facebook and BlackBerry.</li><li>The fund sold its stakes in automaker Ford and apparel brands Lululemon and Under Armour.</li><li><strong><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell'utm_source=markets&amp;utm_medium=ingest'utm_source=markets&amp;utm_medium=ingest'utm_source=markets&amp;utm_medium=ingest'utm_source=markets&amp;utm_medium=ingest'utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener noreferrer" data-stringify-link="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell" data-sk="tooltip_parent">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</strong></li></ul><hr><p>Ray Dalio's Bridgewater Associates sold its stake in <a href="https://markets.businessinsider.com/stocks/tsla-stock">Tesla</a> and bought new positions in banks including <a href="https://markets.businessinsider.com/stocks/jpm-stock">JPMorgan</a> and <a href="https://markets.businessinsider.com/stocks/gs-stock">Goldman Sachs</a> in the fourth-quarter, according to a <a href="https://www.sec.gov/Archives/edgar/data/1350694/000156761921003290/xslForm13F_X01/form13fInfoTable.xml">recent filing</a> with the Securities and Exchange Commission.&nbsp;</p><p>Dalio, the founder of the world's largest hedge fund, now holds a $52 million stake in JPMorgan, a $17 million stake in Goldman Sachs, and a $19 million stake in <a href="https://markets.businessinsider.com/stocks/ms-stock">Morgan Stanley</a>.&nbsp;</p><p>Other new financial bets he took on included <a href="https://markets.businessinsider.com/stocks/wfc-stock">Wells Fargo</a>, <a href="https://markets.businessinsider.com/stocks/bk-stock">Bank of New York Mellon</a>, <a href="https://markets.businessinsider.com/stocks/bac-stock">Bank of America</a>, and <a href="https://markets.businessinsider.com/stocks/ma-stock">MasterCard</a>. The fund opened new positions in some tech stocks including <a href="https://markets.businessinsider.com/stocks/googl-stock">Alphabet</a>, <a href="https://markets.businessinsider.com/stocks/msft-stock">Microsoft</a>, <a href="https://markets.businessinsider.com/stocks/fb-stock">Facebook</a>, <a href="https://markets.businessinsider.com/stocks/zm-stock">Zoom</a>, and <a href="https://markets.businessinsider.com/stocks/bb-stock">BlackBerry</a>.&nbsp;</p><p>It also pumped money into airline stocks, with a $5 million stake in <a href="https://markets.businessinsider.com/stocks/dal-stock">Delta Air Lines</a> and a $8 million stake in <a href="https://markets.businessinsider.com/stocks/luv-stock">Southwest Airlines</a>. The investing legend also completely cut exposure to retailers <a href="https://markets.businessinsider.com/stocks/low-stock">Lowe's Companies</a> and <a href="https://markets.businessinsider.com/stocks/hd-stock">Home Depot</a>, apparel brands <a href="https://markets.businessinsider.com/stocks/lulu-stock">Lululemon Athletica</a> and <a href="https://markets.businessinsider.com/stocks/uaa-stock">Under Armour</a>, and automaker <a href="https://markets.businessinsider.com/stocks/f-stock">Ford</a>.</p><p>Dalio's hedge fund suffered a <a href="https://markets.businessinsider.com/news/stocks/ray-dalio-bridgewater-hedge-fund-lost-12-billion-2020-2021-1-1029998262">hefty $12.1 billion loss</a> for investors in 2020, after failing to position adequately during the downturn and the subsequent rebound. But he is still the best-performing asset manager of all time, reaping gains of $46.5 billion since inception.</p><p>Bridgewater Associates manages about $150 billion in assets, based on data up to January 2021.</p><p><strong>SEE ALSO:&nbsp;<a href="https://markets.businessinsider.com/news/stocks/saudi-arabia-sovereign-wealth-fund-electronic-arts-activision-blizzard-q4-2021-2-1030091172" >Saudi Arabia's $400 billion sovereign wealth fund reveals billion-dollar stakes in video game stocks, and almost doubled its holdings of US equities in the 4th-quarter</a></strong></p><p><a href="https://markets.businessinsider.com/news/stocks/ray-dalio-bridgewater-q4-sold-tesla-stake-goldman-jpmorgan-2021-2-1030093192#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/melissa-maker-clean-your-home-quickly-cleaning-expert-2017-4">A cleaning expert reveals her 3-step method for cleaning your entire home quickly</a></p>
Click here to read full news..