Ray Dalio acquired 1.77M BlackRock Institutional Trust Company N.A. - iShares MSCI South Korea ETF shares worth $376M. That's 1.31% of their equity portfolio (14th 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 seventeen occasions. The stake costed the investor $112M, netting the investor a gain of 236% so far.