This article is first in a series that provides an ongoing analysis of the changes made to Bridgewater Associates' 13F portfolio on a quarterly basis. It is based on their regulatory 13F Form filed on 5/13/2022. Bridgewater Associates was founded by Ray Dalio in 1975. It is one of the largest hedge funds in the world and is focused on Global Macro as an investing theme. Over the years, they have pioneered several related strategies: absolute return, risk parity, alpha overlay, etc.