Ray Dalio portfolio: what Bridgewater Associates holds
Ray Dalio founded Bridgewater Associates in 1975, one of the largest hedge funds in the world. He is known for his macroeconomic view of economic cycles and his emphasis on diversification.
Stock portfolio value
$24.4B
Stock positions
997
Report date
30 June 2026
Filed
14 August 2026
Largest positions
| # | Company | Weight | Value | Last quarter |
|---|---|---|---|---|
| 1 | State Str Spdr S&P 500 Etf TSPY | 16.3% | $4.0B | Added +22% |
| 2 | Ishares Tr (Core S&P500 Etf)IVV | 9.2% | $2.2B | Added +12% |
| 3 | Nvidia CorporationNVDA | 3.2% | $773.6M | Trimmed -18% |
| 4 | Broadcom IncAVGO | 2% | $497.8M | Trimmed -28% |
| 5 | Amazon Com IncAMZN | 2% | $482.8M | Trimmed -54% |
| 6 | Alphabet Inc (Cap Stk Cl A)GOOGL | 1.9% | $472.5M | Trimmed -34% |
| 7 | Lam Research CorpLRCX | 1.7% | $406.6M | Trimmed -40% |
| 8 | Vanguard Index FdsVOO | 1.3% | $314.8M | Added +189% |
| 9 | Advanced Micro Devices IncAMD | 1.3% | $312.9M | Trimmed -58% |
| 10 | Ishares Inc (Msci Sth Kor Etf)EWY | 1.1% | $279.6M | Trimmed -22% |
| 11 | Microsoft CorpMSFT | 1.1% | $265.6M | Trimmed -34% |
| 12 | Newmont CorpNEM | 1% | $251.7M | Added +16% |
| 13 | Applied Matls IncAMAT | 0.9% | $210.7M | Trimmed -48% |
| 14 | Oracle CorpORCL | 0.9% | $210.0M | Trimmed -10% |
| 15 | Seagate Technology Hldngs Pl | 0.8% | $192.8M | Trimmed -39% |
| 16 | Johnson & JohnsonJNJ | 0.7% | $169.9M | Trimmed -4% |
| 17 | Vanguard Intl Equity Index FVWO | 0.7% | $164.0M | Added +1% |
| 18 | Ge Vernova IncGEV | 0.6% | $144.2M | Trimmed -72% |
| 19 | Union Pac CorpUNP | 0.6% | $139.9M | Trimmed -3% |
| 20 | Micron Technology IncMU | 0.6% | $134.7M | Trimmed -92% |
New positions last quarter
- Eversource Energy$86.4M
- Applovin Corp$75.5M
- Consolidated Edison Inc$69.0M
- Nisource Inc$67.0M
Positions sold
- Cisco Sys Inc$63.8M
- Ase Technology Hldg Co Ltd$33.6M
- Coreweave Inc$28.2M
- Primoris Svcs Corp$19.5M
- Brookfield Corp$19.3M
- Applied Optoelectronics Inc$18.9M
- Palantir Technologies Inc$18.8M
- Nebius Group N.V.$16.3M
- Sun Life Financial Inc$15.7M
- Bristol-Myers Squibb Co$14.7M
Source: SEC filing. Values count stock positions only; options are left out of the totals and tables.
About Ray Dalio
- Bridgewater started in his apartment in New York.
- He is the author of the bestseller Principles, which summarises his rules for life and work.
- The All Weather strategy is meant to earn in different economic environments: growth, decline, inflation and deflation.
- He promoted a culture of so-called radical transparency at the firm.
How to use this page
A 13F filing shows what a manager held on the last day of a quarter, published up to 45 days later. It is a snapshot, not a trading signal: the manager may already have bought or sold since. Learn more in How to read 13F filings.
For information only, not investment advice. 13F filings are delayed by up to 45 days and do not show cash, bonds, short positions or non-US stocks.