Ray Dalio acquired 4.33 Million Johnson & Johnson shares worth $707 Million. That's 3.19% of their equity portfolio (2nd largest holding). The first Johnson & Johnson trade was made in Q4 2005. Since then Ray Dalio bought shares 25 more times and sold shares on 29 occasions. The stake costed the investor $696 Million, netting the investor a gain of 1.6% so far.