Ray Dalio

The All-Weather Strategist

1975 - present

Diversify across uncorrelated return streams and prepare for any economic environment. Understand the machine of how economies and markets work. Risk parity is the foundation - balance risk, not capital. The economic machine is driven by cycles.

Investment Approach

1Scores stocks by current economic regime suitability
2Balances across inflation, deflation, growth, and contraction
3Stress-tests portfolios against historical economic regimes
4Prefers liquid, large-cap names that trade well in all conditions

Selection Criteria

1Regime score based on macro-economic environment fit

2Performance across different economic cycles

3Liquidity and market cap thresholds

4Uncorrelated return characteristics

Criteria derived from Ray Dalio's published writings and investment principles.

Top 10 UK Equities - Ray Dalio Strategy

Ranked by Ray Dalio's economic regime scoring. Stocks best suited to the current macro environment.

#	Ticker	Company	Sector	Mkt Cap	Regime Score	Score	Verdict
1	ATYM	Atalaya Mining Copper SA	Copper	$2.1bn	13.6	100.0	REGIME PICK – top 20
2	HOCM	Hochschild Mining PLC	Gold	$3.4bn	13.3	99.6	REGIME PICK – top 20
3	ANEA	AEP Plantations PLC	Agricultural Products & Services	$889m	12.3	99.3	REGIME PICK – top 20
4	EDV	Endeavour Mining plc	Gold	$12.7bn	11.7	98.9	REGIME PICK – top 20
5	PAFR	Pan African Resources PLC	Gold	$3.7bn	11.5	98.6	Regime-favoured
6	GNS	Genus PLC	Biotechnology	$2.0bn	11.3	98.2	REGIME PICK – top 20
7	ANTO	Antofagasta PLC	Copper	$46.7bn	10.7	97.8	REGIME PICK – top 20
8	RIO	Rio Tinto plc	Diversified Metals & Mining	$156.8bn	10.7	97.5	REGIME PICK – top 20
9	SMIN	Smiths Group PLC	Industrial Machinery & Supplies & Components	$10.0bn	9.5	97.1	REGIME PICK – top 20
10	BKGH	The Berkeley Group Holdings plc	Homebuilding	$3.9bn	8.9	96.8	REGIME PICK – top 20

ATYM

Atalaya Mining Copper SA

100.0

Copper|$2.1bn

Regime: 13.6REGIME PICK – top 20

HOCM

Hochschild Mining PLC

99.6

Gold|$3.4bn

Regime: 13.3REGIME PICK – top 20

ANEA

AEP Plantations PLC

99.3

Agricultural Products & Services|$889m

Regime: 12.3REGIME PICK – top 20

EDV

Endeavour Mining plc

98.9

Gold|$12.7bn

Regime: 11.7REGIME PICK – top 20

PAFR

Pan African Resources PLC

98.6

Gold|$3.7bn

Regime: 11.5Regime-favoured

GNS

Genus PLC

98.2

Biotechnology|$2.0bn

Regime: 11.3REGIME PICK – top 20

ANTO

Antofagasta PLC

97.8

Copper|$46.7bn

Regime: 10.7REGIME PICK – top 20

RIO

Rio Tinto plc

97.5

Diversified Metals & Mining|$156.8bn

Regime: 10.7REGIME PICK – top 20

SMIN

Smiths Group PLC

97.1

Industrial Machinery & Supplies & Components|$10.0bn

Regime: 9.5REGIME PICK – top 20

BKGH

The Berkeley Group Holdings plc

96.8

Homebuilding|$3.9bn

Regime: 8.9REGIME PICK – top 20

Disclaimer

This page applies Ray Dalio's documented investment philosophy to UK-listed equities. Rankings and scores are illustrative and do not constitute investment advice. Past performance is not indicative of future results. Always conduct your own research before making investment decisions.

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