Ray Dalio’s Monster Fund Likes These Transportation Stocks Most in Q3

Following is information regarding Bridgewater Associates’ top holdings in the Transportation sector for the quarter ending September 30th, 2011.

  • FedEx Corporation (NYSE:FDX): On 6/30/11 Bridgewater Associates reported holding 310,100 shares with a market value of $29,412,985. This comprised 0.42% of the total portfolio. On 9/30/11, Bridgewater Associates held 310,500 shares with a market value of $21,014,640. This comprised 0.31% of the total portfolio. The net change in shares for this position over the two quarters is 0,400. About the company: FedEx Corp. delivers packages and freight to multiple countries and territories through an integrated global network.  The Company provides worldwide express delivery, ground small-parcel delivery, less-than-truckload freight delivery, supply chain management services, customs brokerage services, and trade facilitation and electronic commerce solutions.
  • JB Hunt Transport Services, Inc. (NASDAQ:JBHT): On 6/30/11 Bridgewater Associates reported holding 567,985 shares with a market value of $26,746,414. This comprised 0.38% of the total portfolio. On 9/30/11, Bridgewater Associates held 340,543 shares with a market value of $12,862,309. This comprised 0.19% of the total portfolio. The net change in shares for this position over the two quarters is -227,442. About the company: JB Hunt Transport Services, Inc. and its subsidiaries provide transportation and logistics services in the United States, Canada, and Mexico.  The Company transports a variety of products including automotive parts, department store merchandise, paper and wood products, food and beverages, plastics, chemicals, and manufacturing materials and supplies.
  • Werner Enterprises, Inc. (NASDAQ:WERN): On 6/30/11 Bridgewater Associates reported holding 600,660 shares with a market value of $15,046,533. This comprised 0.21% of the total portfolio. On 9/30/11, Bridgewater Associates held 589,148 shares with a market value of $12,271,953. This comprised 0.18% of the total portfolio. The net change in shares for this position over the two quarters is -11,512. About the company: Werner Enterprises, Inc. is a transportation company that primarily hauls truckload shipments of general commodities in both interstate and intrastate commerce.  The Company operates in the continental United States, as well as in Canada and Mexico.
  • Landstar Systems, Inc. (NASDAQ:LSTR): On 6/30/11 Bridgewater Associates reported holding 188,124 shares with a market value of $8,744,003. This comprised 0.12% of the total portfolio. On 9/30/11, Bridgewater Associates held 287,422 shares with a market value of $11,591,730. This comprised 0.17% of the total portfolio. The net change in shares for this position over the two quarters is 99,298. About the company: Landstar System, Inc. is a North American truckload carrier. The Company transports a variety of freight, including iron and steel, automotive products, paper, lumber, chemicals, foodstuffs, and military hardware. Landstar provides truckload carrier services, intermodal transportation services, and expedited air and truck services to shippers in the US, Canada, and Mexico.
  • Norfolk Southern Corp. (NYSE:NSC): On 6/30/11 Bridgewater Associates reported holding 356,520 shares with a market value of $26,714,044. This comprised 0.38% of the total portfolio. On 9/30/11, Bridgewater Associates held 179,620 shares with a market value of $11,400,482. This comprised 0.17% of the total portfolio. The net change in shares for this position over the two quarters is -176,900. About the company: Norfolk Southern Corporation provides rail transportation services. The Company transports raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States. Norfolk Southern also transports overseas freight through several Atlantic and Gulf Coast ports.
  • Knight Transportation, Inc. (NYSE:KNX): On 6/30/11 Bridgewater Associates reported holding 819,501 shares with a market value of $13,923,322. This comprised 0.20% of the total portfolio. On 9/30/11, Bridgewater Associates held 804,326 shares with a market value of $10,995,136. This comprised 0.16% of the total portfolio. The net change in shares for this position over the two quarters is -15,175. About the company: Knight Transportation, Inc. is a short-to-medium haul, dry van truckload carrier. The Company transports general commodities, including consumer goods, packaged foodstuffs, paper products, beverage containers, and imported and exported commodities. The Company operates throughout the United States.

(Note: Data regarding Bridgewater Associates’ stock holdings are sourced from whalewisdom.com.  All data are assumed to be accurate.)

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