Ray Dalio acquired 3.73 Million BlackRock Institutional Trust Company N.A. - iShares MSCI Brazil ETF shares worth $108 Million. That's 0.57% of their equity portfolio (35th largest holding). The investor owns 213.94% of the outstanding BlackRock Institutional Trust Company N.A. - iShares MSCI Brazil ETF stock. The first BlackRock Institutional Trust Company N.A. - iShares MSCI Brazil ETF trade was made in Q2 2012. Since then Ray Dalio bought shares nineteen more times and sold shares on fifteen occasions. The investor's estimated purchase price is $122 Million, resulting in a loss of 11%.