Ray Dalio's PEP Position Overview
Ray Dalio (via Bridgewater Associates, Lp) currently holds 83,974 shares of PepsiCo, Inc. (PEP) worth $12.05 M, representing 0.04% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 43 quarters.
Based on 13F filings since 2013, Ray Dalio has maintained a long-term strategic position in PEP, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2022, adding 1.12 M shares. Largest reduction occurred in Q3 2024, reducing 1.11 M shares.
Analysis based on 13F filings available since 2013 Q2
Ray Dalio's PepsiCo (PEP) Holding Value Over Time
Track share changes against reported price movement
Quarterly PepsiCo (PEP) Trades by Ray Dalio
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +794 | Add 0.95% | 83,974 | $143.52 |
| Q3 2025 | +5,570 | Add 7.18% | 83,180 | $140.44 |
| Q2 2025 | -24,453 | Reduce 23.96% | 77,610 | $132.04 |
| Q1 2025 | -145,475 | Reduce 58.77% | 102,063 | $149.94 |
| Q4 2024 | -510,356 | Reduce 67.34% | 247,538 | $152.06 |
| Q3 2024 | -1.11 M | Reduce 59.37% | 757,894 | $170.05 |
| Q2 2024 | -275,852 | Reduce 12.88% | 1.87 M | $164.93 |
| Q1 2024 | -300,826 | Reduce 12.32% | 2.14 M | $175.01 |
| Q4 2023 | -238,341 | Reduce 8.89% | 2.44 M | $169.84 |
| Q3 2023 | +113,625 | Add 4.43% | 2.68 M | $169.44 |
| Q2 2023 | -240,957 | Reduce 8.58% | 2.57 M | $185.22 |
| Q1 2023 | -213,055 | Reduce 7.05% | 2.81 M | $182.30 |
| Q4 2022 | -1 M | Reduce 24.89% | 3.02 M | $180.66 |
| Q3 2022 | +212,532 | Add 5.58% | 4.02 M | $163.26 |
| Q2 2022 | -362,309 | Reduce 8.69% | 3.81 M | $166.66 |
| Q1 2022 | +1.12 M | Add 36.68% | 4.17 M | $167.38 |
| Q4 2021 | +372,683 | Add 13.91% | 3.05 M | $173.71 |
| Q3 2021 | +10,102 | Add 0.38% | 2.68 M | $150.41 |
| Q2 2021 | +880,614 | Add 49.24% | 2.67 M | $148.17 |
| Q1 2021 | +310,789 | Add 21.03% | 1.79 M | $141.45 |
| Q4 2020 | +783,952 | Add 113.00% | 1.48 M | $148.30 |
| Q3 2020 | +693,736 | New Buy | 693,736 | $138.60 |
| Q2 2020 | -37,889 | Sold Out | 0 | $0.00 |
| Q1 2020 | +37,889 | New Buy | 37,889 | $120.09 |
| Q2 2018 | -100,321 | Sold Out | 0 | $0.00 |
| Q1 2018 | +24,822 | Add 32.88% | 100,321 | $109.15 |
| Q4 2017 | -11,409 | Reduce 13.13% | 75,499 | $119.92 |
| Q3 2017 | +79,319 | Add 1045.18% | 86,908 | $111.43 |
| Q2 2017 | +7,589 | New Buy | 7,589 | $115.43 |
| Q3 2016 | -103,500 | Sold Out | 0 | $0.00 |
| Q2 2016 | +48,800 | Add 89.21% | 103,500 | $105.94 |
| Q1 2016 | -227,941 | Reduce 80.65% | 54,700 | $102.49 |
| Q4 2015 | -7,762 | Reduce 2.67% | 282,641 | $99.92 |
| Q3 2015 | +229,194 | Add 374.44% | 290,403 | $94.30 |
| Q2 2015 | -69,300 | Reduce 53.10% | 61,209 | $93.34 |
| Q1 2015 | +111,148 | Add 574.08% | 130,509 | $95.62 |
| Q4 2014 | -21,892 | Reduce 53.07% | 19,361 | $94.57 |
| Q3 2014 | -99,224 | Reduce 70.63% | 41,253 | $93.08 |
| Q2 2014 | +60,900 | Add 76.53% | 140,477 | $89.34 |
| Q1 2014 | -207,400 | Reduce 72.27% | 79,577 | $83.50 |
| Q4 2013 | +286,977 | New Buy | 286,977 | $82.94 |
| Q3 2013 | -52,486 | Sold Out | 0 | $0.00 |
| Q2 2013 | +52,486 | Add 0.00% | 52,486 | $81.79 |
Ray Dalio's PepsiCo Investment FAQs
Ray Dalio first purchased PepsiCo, Inc. (PEP) in Q2 2013, acquiring 52,486 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 PepsiCo, Inc. (PEP) for 43 quarters since Q2 2013.
Ray Dalio's largest addition to PepsiCo, Inc. (PEP) was in Q1 2022, adding 4,171,268 shares worth $698.19 M.
According to the latest 13F filing for Q4 2025, Ray Dalio's firm, Bridgewater Associates, Lp, owns 83,974 shares of PepsiCo, Inc. (PEP), valued at approximately $12.05 M.
As of the Q4 2025 filing, PepsiCo, Inc. (PEP) represents approximately 0.04% of Ray Dalio's publicly disclosed stock portfolio, making it one of their key holdings.
Ray Dalio's peak holding in PepsiCo, Inc. (PEP) was 4,171,268 shares, as reported at the end of Q1 2022.