Bridgewater Associates Portfolio holdings
Bridgewater Associates, founded in 1975 by Ray Dalio in New York and now headquartered in Westport, Connecticut, is the world’s largest hedge fund, managing over $125 billion in assets as of late 2024, serving institutional clients like pension funds, endowments, and sovereign wealth funds. Known for its pioneering "Pure Alpha" and "All Weather" strategies, the firm uses a systematic, macroeconomic approach to deliver uncorrelated returns and risk parity across global markets, including equities, bonds, currencies, and commodities, guided by rigorous data analysis and radical transparency. Dalio, who stepped down as co-CIO in 2022, built a unique culture of "radical truth" and "thoughtful disagreement," documented in his book *Principles*, though the firm transitioned leadership to co-CEOs Nir Bar Dea and Mark Bertolini in 2023 amid succession planning. With around 1,300 employees and a history of navigating crises like 2008 with gains, Bridgewater remains a titan in alternative investments, blending intellectual rigor with a distinctive, often polarizing management philosophy.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$537M |
| 2 |
TSMC
TSM
|
+$371M |
| 3 |
Micron Technology
MU
|
+$230M |
| 4 |
Broadcom
AVGO
|
+$220M |
| 5 |
NVIDIA
NVDA
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$1.03B |
| 2 |
Salesforce
CRM
|
+$512M |
| 3 |
Booking.com
BKNG
|
+$370M |
| 4 |
Adobe
ADBE
|
+$353M |
| 5 |
Lam Research
LRCX
|
+$329M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.25% |
| 2 | Industrials | 8.69% |
| 3 | Consumer Discretionary | 7.6% |
| 4 | Financials | 6.79% |
| 5 | Healthcare | 6.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
State Street SPDR S&P 500 ETF Trust
SPY
$807B
| $2.84B | 12.67% |
4,364,862
-90,551
| -2% | -$61.6M |
|
|
2
iShares Core S&P 500 ETF
IVV
$902B
| $1.75B | 7.81% |
2,679,084
-1,506,505
| -36% | -$1.03B |
|
|
3
Amazon
AMZN
$2.94T
| $914M | 4.08% |
4,388,711
+2,440,457
| +125% | +$537M |
|
|
4
NVIDIA
NVDA
$5.27T
| $818M | 3.65% |
4,693,003
+827,798
| +21% | +$152M |
|
5
Alphabet (Google) Class A
GOOGL
$4.2T
| $574M | 2.56% |
1,997,674
+406,848
| +26% | +$128M |
|
|
6
Broadcom
AVGO
$1.98T
| $568M | 2.54% |
1,835,380
+669,640
| +57% | +$220M |
|
|
7
Micron Technology
MU
$981B
| $499M | 2.23% |
1,475,704
+586,064
| +66% | +$230M |
|
8
Microsoft
MSFT
$3.74T
| $402M | 1.79% |
1,084,979
+100,888
| +10% | +$42.2M |
|
9
GE Vernova
GEV
$269B
| $380M | 1.69% |
434,897
-231,100
| -35% | -$180M |
|
|
10
TSMC
TSM
$2.19T
| $364M | 1.62% |
+1,077,079
| New | +$371M |
|
|
11
Lam Research
LRCX
$390B
| $336M | 1.5% |
1,571,229
-1,470,432
| -48% | -$329M |
|
12
Advanced Micro Devices
AMD
$774B
| $263M | 1.17% |
1,292,767
-363,760
| -22% | -$77.7M |
|
13
Newmont
NEM
$124B
| $251M | 1.12% |
2,316,641
+7,732
| +0.3% | +$891K |
|
14
Oracle
ORCL
$419B
| $234M | 1.05% |
1,592,069
-281,412
| -15% | -$45.7M |
|
15
iShares MSCI South Korea ETF
EWY
$25.9B
| $217M | 0.97% |
1,766,264
-306,094
| -15% | -$38.3M |
|
16
Marvell Technology
MRVL
$191B
| $193M | 0.86% |
1,948,947
+961,725
| +97% | +$80.8M |
|
17
Applied Materials
AMAT
$417B
| $191M | 0.85% |
559,918
+82,341
| +17% | +$27.7M |
|
18
Johnson & Johnson
JNJ
$626B
| $170M | 0.76% |
696,884
-617,074
| -47% | -$144M |
|
19
Meta Platforms (Facebook)
META
$1.53T
| $167M | 0.74% |
291,665
+67,964
| +30% | +$43.6M |
|
20
Arista Networks
ANET
$250B
| $163M | 0.73% |
1,330,091
+649
| +0% | +$86.8K |
|
21
KLA
KLAC
$262B
| $160M | 0.71% |
1,086,740
+303,070
| +39% | +$44.3M |
|
22
Celestica
CLS
$39.1B
| $148M | 0.66% |
525,621
+183,847
| +54% | +$53.3M |
|
23
Vanguard FTSE Emerging Markets ETF
VWO
$125B
| $147M | 0.66% |
2,721,740
+116,604
| +4% | +$6.53M |
|
24
Apple
AAPL
$4.45T
| $143M | 0.64% |
563,492
+274,021
| +95% | +$71.3M |
|
25
Union Pacific
UNP
$174B
| $129M | 0.58% |
532,850
+478,341
| +878% | +$117M |
|
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Bridgewater Associates's Q1 2026 Portfolio in Review
As of Q1 2026, Bridgewater Associates held 1,254 positions worth $22.4B, down 18% from $27.4B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Bridgewater Associates withdrew a net $4.49B in Q1 2026, closing 261 positions and reducing 487 holdings. Its most notable exit was Salesforce, an estimated $512M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 28% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Bridgewater Associates opened a new position in TSMC worth $364M.
- Bridgewater Associates's largest Q1 2026 buy was TSMC: 1,077,079 shares worth $364M.
- Bridgewater Associates added most to Amazon in Q1 2026, an estimated $537M increase.
- Bridgewater Associates's biggest Q1 2026 reduction was iShares Core S&P 500 ETF, cutting an estimated $1.03B.
- Bridgewater Associates fully exited Salesforce in Q1 2026, selling an estimated $512M.
- Bridgewater Associates's ten largest holdings make up 41% of its $22.4B portfolio in Q1 2026.
- Bridgewater Associates opened 214 new positions and closed 261 in Q1 2026.
- Bridgewater Associates's portfolio value fell 18% quarter-over-quarter to $22.4B.
Based on Bridgewater Associates's 13F filing for Q1 2026, filed 15 May 2026.