Billionaire Ray Dalio’s Bridgewater’s and Cathie Wood’s ARK Portfolios: 2 Stocks They Both Own

Billionaire investor Ray Dalio, through his firm Bridgewater Associates, and Cathie Wood, via her investment firm ARK Invest, have both maintained sizable investments in certain stocks despite their contrasting investment strategies. Bridgewater is known for its diversified, macro-driven portfolio, while ARK focuses on companies that could benefit from disruptive innovation.

The two firms shared ownership in two significant stocks during the second quarter of 2023. Eli Lilly (LLY) and Nvidia (NVDA) were among the largest common holdings reported in their second-quarter 13F filings. Bridgewater owned 87,023 Lilly shares, valued at approximately $104.4 million, which increased by 16,211 shares. ARK held 77,254 shares valued at around $92.7 million, increasing its position by 64,578 shares.

Bridgewater's Nvidia stake amounted to 3.87 million shares, valued at about $773.6 million, but the company sold 826,808 shares during the quarter. Conversely, ARK added 345,821 Nvidia shares, ending the quarter with 1.38 million shares valued at approximately $276.4 million. Both firms were optimistic about Lilly's growth potential, driven by its obesity and diabetes treatment portfolio, which is expected to continue expanding with the success of medicines like Mounjaro and Zepbound.

However, some investors believe the current market valuation overestimates the company's future potential, citing a high forward P/E ratio of 30.39 for the stock.