Ray Dalio's IEMG Position Overview
Ray Dalio (via Bridgewater Associates, Lp) currently holds 1.2M shares of iShares Core MSCI Emerging Markets ETF (IEMG) worth $76.53 M, representing 0.30% of the portfolio. First purchased in 2016-Q3, this long-term strategic position has been held for 37 quarters.
Based on 13F filings, Ray Dalio has maintained a strategic position in IEMG, demonstrating sustained confidence in this investment. Largest addition occurred in Q1 2019, adding 26.7M shares. Largest reduction occurred in Q2 2019, reducing 17.8M shares.
Analysis based on 13F filings available since 2013 Q2
Ray Dalio's iShares Core MSCI Emerging Markets ETF (IEMG) Holding Value Over Time
Track share changes against reported price movement
Quarterly iShares Core MSCI Emerging Markets ETF (IEMG) Trades by Ray Dalio
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q3 2016 | +1.32 M | New Buy | 1.32 M | $45.61 |
| Q4 2016 | +4.39 M | Add 333.03% | 5.71 M | $42.45 |
| Q2 2017 | +1.19 M | Add 20.75% | 6.9 M | $50.04 |
| Q3 2017 | +17.89 M | Add 259.41% | 24.79 M | $54.02 |
| Q4 2017 | -9.24 M | Reduce 37.27% | 15.55 M | $56.90 |
| Q1 2018 | -6.61 M | Reduce 42.50% | 8.94 M | $58.40 |
| Q2 2018 | +1.6 M | Add 17.90% | 10.54 M | $52.51 |
| Q3 2018 | +826,568 | Add 7.84% | 11.37 M | $51.78 |
| Q4 2018 | +3.03 M | Add 26.62% | 14.4 M | $47.15 |
| Q1 2019 | +26.69 M | Add 185.40% | 41.09 M | $51.71 |
| Q2 2019 | -17.76 M | Reduce 43.22% | 23.33 M | $51.44 |
| Q3 2019 | -6.03 M | Reduce 25.84% | 17.3 M | $49.02 |
| Q4 2019 | -9.38 M | Reduce 54.24% | 7.92 M | $53.76 |
| Q1 2020 | -4.59 M | Reduce 58.00% | 3.32 M | $40.47 |
| Q2 2020 | -1.54 M | Reduce 46.26% | 1.79 M | $47.60 |
| Q3 2020 | +1.37 M | Add 76.90% | 3.16 M | $52.80 |
| Q4 2020 | +2.22 M | Add 70.32% | 5.38 M | $62.04 |
| Q1 2021 | -1.61 M | Reduce 29.99% | 3.77 M | $64.36 |
| Q2 2021 | +471,236 | Add 12.51% | 4.24 M | $66.99 |
| Q3 2021 | +9.52 M | Add 224.56% | 13.76 M | $61.76 |
| Q4 2021 | -5.47 M | Reduce 39.73% | 8.29 M | $59.86 |
| Q1 2022 | +7.67 M | Add 92.47% | 15.96 M | $55.55 |
| Q2 2022 | -652,408 | Reduce 4.09% | 15.31 M | $49.06 |
| Q3 2022 | -407,915 | Reduce 2.66% | 14.9 M | $42.98 |
| Q4 2022 | -347,293 | Reduce 2.33% | 14.55 M | $46.70 |
| Q1 2023 | +3.31 M | Add 22.74% | 17.86 M | $48.79 |
| Q2 2023 | +70,307 | Add 0.39% | 17.93 M | $49.29 |
| Q3 2023 | +1.25 M | Add 6.98% | 19.18 M | $47.59 |
| Q4 2023 | -491,965 | Reduce 2.56% | 18.69 M | $50.58 |
| Q1 2024 | -29,080 | Reduce 0.16% | 18.66 M | $51.60 |
| Q2 2024 | -1,457 | Reduce 0.01% | 18.66 M | $53.53 |
| Q3 2024 | -882,635 | Reduce 4.73% | 17.78 M | $57.41 |
| Q4 2024 | -120,169 | Reduce 0.68% | 17.66 M | $52.22 |
| Q1 2025 | +1.3 M | Add 7.35% | 18.96 M | $53.97 |
| Q2 2025 | -1.77 M | Reduce 9.36% | 17.18 M | $60.03 |
| Q3 2025 | -16.02 M | Reduce 93.24% | 1.16 M | $65.92 |
Ray Dalio's iShares Core MSCI Emerging Markets ETF Investment FAQs
Ray Dalio first purchased iShares Core MSCI Emerging Markets ETF (IEMG) in Q3 2016, acquiring 1,319,320 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Ray Dalio has held iShares Core MSCI Emerging Markets ETF (IEMG) for 37 quarters since Q3 2016. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Ray Dalio's largest addition to iShares Core MSCI Emerging Markets ETF (IEMG) was in Q1 2019, adding 41,087,297 shares worth $2.12 B. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Ray Dalio's firm, Bridgewater Associates, Lp, owns 1,161,001 shares of iShares Core MSCI Emerging Markets ETF (IEMG), valued at approximately $76.53 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, iShares Core MSCI Emerging Markets ETF (IEMG) represents approximately 0.30% of Ray Dalio's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Ray Dalio's peak holding in iShares Core MSCI Emerging Markets ETF (IEMG) was 41,087,297 shares, as reported at the end of Q1 2019. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.