Ray Dalio acquired 1.38M BlackRock Institutional Trust Company N.A. - iShares MSCI South Korea ETF shares worth $261M. That's 1.07% of their equity portfolio (12th largest holding). The first BlackRock Institutional Trust Company N.A. - iShares MSCI South Korea ETF trade was made in Q3 2016. Since then Ray Dalio bought shares seventeen more times and sold shares on eighteen occasions. The stake costed the investor $87.7M, netting the investor a gain of 198% so far.