Top hedge fund managers
With that in mind, here are three of the richest money managers in the world, and what they’re currently betting on.
Ray Dalio
Net worth: $19.1 billion
As of March, Ray Dalio holds $19.1 billion in personal wealth, making him the 82nd richest person in the world. His firm, Bridgewater Associates, currently has over $150 billion in assets under management, making it one of the largest hedge funds in the world.
According to the firm’s latest 13F filing, Dalio’s team was adding banks like JP Morgan Chase (JPM) and Bank of America (BAC) to the portfolio. Meanwhile, Procter & Gamble (PG) was one of the largest acquisitions worth 4.13% of the firm’s total portfolio.
Jim Simons
Net worth: $28.1 billion
Jim Simons is the second-wealthiest on this list, worth nearly $10 billion more than Ray Dalio. His New York-based hedge fund Renaissance Technologies has $50 billion in assets under management.
Simons recently added more shares of Apple (AAPL) to the portfolio while the biggest holding in the portfolio is Novo Nordisk (NVO). However, the fund’s investment strategy is notoriously complicated and based on statistical patterns and non-random events in the market. That’s why the equity portfolio may not explain Simon’s overall exposure to the market.
Ken Griffin
Net worth: $35 billion
Ken Griffin is the wealthiest hedge fund manager of the three, and it’s not particularly close. This can be attributed to his enormous 80% stake in Citadel Securities, the Miami-based hedge fund with over $57 billion in assets under management.
After gaining $16 billion on its investments last year, Citadel became the most successful hedge fund in the world in 2022. The firm bought Netflix stock recently, according to its latest 13F filing. Meanwhile, the largest and smallest positions in the portfolio are put and call options on the S&P 500 (SPY), which suggests that the fund’s investment strategy is a complicated mix of derivatives.
An important caveat
Hedge fund portfolios are complicated. What we know is based on regulatory filings like the Form ADV and the 13F. These forms are filed quarterly, which means the positions may have changed substantially by the time retail investors like us learn about it. They also don’t include details about derivatives such as options, futures or leverage. That means a hedge fund’s true position in a company is difficult to discern.
The strategic moves of successful hedge funds could offer broad clues about the market’s economic outlook, but shouldn’t be an integral part of a retail investor’s personal investment strategy.
