Ray Dalio's MO Position Overview
Ray Dalio (via Bridgewater Associates, Lp) currently holds 3.28 M shares of Altria Group, Inc. (MO) worth $188.94 M, representing 0.69% of the portfolio. First purchased in 2013-Q3, this long-term strategic position has been held for 42 quarters.
Based on 13F filings since 2013, Ray Dalio has maintained a long-term strategic position in MO, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2024, adding 1.24 M shares. Largest reduction occurred in Q1 2024, reducing 728,073 shares.
Analysis based on 13F filings available since 2013 Q2
Ray Dalio's Altria Group (MO) Holding Value Over Time
Track share changes against reported price movement
Quarterly Altria Group (MO) Trades by Ray Dalio
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -418,855 | Reduce 11.33% | 3.28 M | $57.66 |
| Q3 2025 | -75,260 | Reduce 2.00% | 3.7 M | $66.06 |
| Q2 2025 | +456,905 | Add 13.79% | 3.77 M | $58.63 |
| Q1 2025 | +638,614 | Add 23.87% | 3.31 M | $60.02 |
| Q4 2024 | +1.24 M | Add 85.97% | 2.68 M | $52.29 |
| Q3 2024 | +330,105 | Add 29.78% | 1.44 M | $51.04 |
| Q2 2024 | -49,431 | Reduce 4.27% | 1.11 M | $45.55 |
| Q1 2024 | -728,073 | Reduce 38.60% | 1.16 M | $43.62 |
| Q4 2023 | +480,546 | Add 34.19% | 1.89 M | $40.34 |
| Q3 2023 | +129,160 | Add 10.12% | 1.41 M | $42.05 |
| Q2 2023 | +200,981 | Add 18.69% | 1.28 M | $45.30 |
| Q1 2023 | +5,846 | Add 0.55% | 1.08 M | $44.62 |
| Q4 2022 | -67,169 | Reduce 5.91% | 1.07 M | $45.71 |
| Q3 2022 | -195,017 | Reduce 14.65% | 1.14 M | $40.38 |
| Q2 2022 | +949,542 | Add 248.52% | 1.33 M | $41.77 |
| Q1 2022 | +141,271 | Add 58.67% | 382,075 | $52.25 |
| Q4 2021 | +174,533 | Add 263.36% | 240,804 | $47.39 |
| Q3 2021 | +66,271 | New Buy | 66,271 | $45.53 |
| Q3 2020 | -67,649 | Sold Out | 0 | $0.00 |
| Q2 2020 | -34,183 | Reduce 33.57% | 67,649 | $39.25 |
| Q1 2020 | +101,832 | New Buy | 101,832 | $38.67 |
| Q4 2019 | -344,301 | Sold Out | 0 | $0.00 |
| Q3 2019 | +189,826 | Add 122.88% | 344,301 | $40.90 |
| Q2 2019 | +45,960 | Add 42.35% | 154,475 | $47.35 |
| Q1 2019 | -50,539 | Reduce 31.77% | 108,515 | $57.43 |
| Q4 2018 | +86,117 | Add 118.07% | 159,054 | $49.39 |
| Q3 2018 | +43,453 | Add 147.38% | 72,937 | $60.31 |
| Q2 2018 | +29,484 | New Buy | 29,484 | $56.78 |
| Q4 2016 | -18,000 | Sold Out | 0 | $0.00 |
| Q3 2016 | +18,000 | New Buy | 18,000 | $63.22 |
| Q2 2016 | -16,300 | Sold Out | 0 | $0.00 |
| Q1 2016 | -3,200 | Reduce 16.41% | 16,300 | $62.64 |
| Q4 2015 | +11,500 | Add 143.75% | 19,500 | $58.21 |
| Q3 2015 | -48,600 | Reduce 85.87% | 8,000 | $54.38 |
| Q2 2015 | +4,500 | Add 8.64% | 56,600 | $48.90 |
| Q1 2015 | +52,100 | New Buy | 52,100 | $50.02 |
| Q4 2014 | -4,500 | Sold Out | 0 | $0.00 |
| Q3 2014 | -41,500 | Reduce 90.22% | 4,500 | $46.00 |
| Q2 2014 | -179,400 | Reduce 79.59% | 46,000 | $41.93 |
| Q1 2014 | +159,300 | Add 241.00% | 225,400 | $37.43 |
| Q4 2013 | +11,500 | Add 21.06% | 66,100 | $38.40 |
| Q3 2013 | +54,600 | New Buy | 54,600 | $34.36 |
Ray Dalio's Altria Group Investment FAQs
Ray Dalio first purchased Altria Group, Inc. (MO) in Q3 2013, acquiring 54,600 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 Altria Group, Inc. (MO) for 42 quarters since Q3 2013.
Ray Dalio's largest addition to Altria Group, Inc. (MO) was in Q4 2024, adding 2,675,347 shares worth $139.89 M.
According to the latest 13F filing for Q4 2025, Ray Dalio's firm, Bridgewater Associates, Lp, owns 3,276,751 shares of Altria Group, Inc. (MO), valued at approximately $188.94 M.
As of the Q4 2025 filing, Altria Group, Inc. (MO) represents approximately 0.69% of Ray Dalio's publicly disclosed stock portfolio, making it one of their key holdings.
Ray Dalio's peak holding in Altria Group, Inc. (MO) was 3,770,866 shares, as reported at the end of Q2 2025.