Billionaire financier Ray Dalio is one of the most-followed minds on Wall Street. Investors watch his own moves to base their own strategy.

“I learned a great fear of being wrong that shifted my mind-set from thinking ‘I’m right’ to asking myself ‘How do I know I’m right?’ And I saw clearly that the best way to answer this question is by finding other independent thinkers who are on the same mission as me and who see things differently from me,” the Bridgewater Associates founder once wrote in his book Principles.

Looking into Bridgewater's basket of stocks, we’ve chosen three of the fund’s new holdings that TipRanks’ Stock Screener reveals as "strong buys" and offer healthy upside potential.

• Cleveland-Cliffs (CLF). Cleveland-Cliffs is one of the top iron ore mining companies and operators. 6 Buys and 2 Holds assigned in the last three months add up to a ‘Strong Buy’ consensus. In addition, its $9.66 average price target suggests 21% upside potential.
• Alexion Pharmaceuticals (ALXN). Alexion is a biopharma company trying to improve the lives of patients with rare diseases. With 18 Buys and 2 Holds given over the last three months, the consensus is that ALXN is a ‘Strong Buy’. Not to mention there’s 35% upside potential based on the $151 average price target.
• EQT Corporation (EQT). EQT is the largest natural gas producer in the U.S. with its asset base located in the heart of the Appalachian Basin. TipRanks analytics showcase EQT as a Strong Buy. Based on 4 analysts polled by TipRanks in the last 3 months, 3 rate a Buy on the stock stock while one says "hold." The 12-month average price target stands at $14.00, marking a nearly 60% upside from where the stock is currently trading.

Meanwhile, Dalio also recently made headlines with his warning of a capital war between China and the U.S. 

The conflict between the two countries could expand beyond trade and technology, Dalio said at the recent annual gala of the National Committee on U.S.-China Relations in New York.

“There is a trade war, there is a technology war, there is a geopolitical war, and there could be a capital war. How that is approached is going to determine our futures,” said Dalio, according to a tweet by the NCUSCR describing his remarks.

“I hope that it is done with mutual understanding instead of wars -- a win-win relationship rather than a lose-lose relationship,” Bloomberg quoted him as saying.

Dalio’s comments come as lawmakers in the U.S. are ratcheting up the pressure to slow the spigot of money that has flowed from U.S. pension and investment funds into Chinese companies. The U.S. and China are trying to reach a trade deal, aimed at reducing tariffs on goods that are hurting both economies and bringing an end to a year-long trade war.

The board that oversees retirement savings for U.S. government employees said on Thursday that it would allow one of its funds to invest in an international index that includes Chinese companies. That’s in spite of the threat of legislation from lawmakers who say the investments will undermine national security and contribute to China’s economic and corporate growth.

Forbes lists Dalio as the 57th-richest person in the world with an estimated fortune of $18.4 billion from founding hedge fund giant Bridgewater Associates.

This report uses material from Bloomberg and Reuters.