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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$693M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$235M |
| 3 |
Vanguard S&P 500 ETF
VOO
|
+$200M |
| 4 |
Petrobras
PBR
|
+$105M |
| 5 |
Shell
SHEL
|
+$105M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$1.02B |
| 2 |
Amazon
AMZN
|
+$593M |
| 3 |
TSMC
TSM
|
+$423M |
| 4 |
Marvell Technology
MRVL
|
+$354M |
| 5 |
GE Vernova
GEV
|
+$319M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 30.62% |
| 2 | Technology | 21.23% |
| 3 | Industrials | 7.72% |
| 4 | Financials | 6.76% |
| 5 | Healthcare | 6.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
226
Synopsys
SNPS
$87.1B
| $17.9M | 0.07% |
40,180
-168,173
| -81% | -$79.1M |
2026 Q1
1 quarter
|
|
227
Idexx Laboratories
IDXX
$44.1B
| $17.7M | 0.07% |
33,528
+23,214
| +225% | +$13M |
2020 Q3
23 quarters
|
|
228
Tetra Tech
TTEK
$8.89B
| $17.6M | 0.07% |
608,211
+394,266
| +184% | +$11.6M |
2025 Q4
2 quarters
|
|
229
EQT Corp
EQT
$34B
| $17.5M | 0.07% |
+328,455
| New | +$18.4M |
2026 Q2
0 quarters
|
|
230
Vodafone
VOD
$37.3B
| $17.2M | 0.07% |
1,298,813
-791,025
| -38% | -$12M |
2023 Q1
13 quarters
|
|
231
Cheniere Energy
LNG
$59.8B
| $17.2M | 0.07% |
71,854
-114,519
| -61% | -$28.5M |
2021 Q3
19 quarters
|
|
232
Valley National Bancorp
VLY
$7B
| $17.2M | 0.07% |
1,171,898
-298,320
| -20% | -$4.05M |
2025 Q3
3 quarters
|
|
233
AXIS Capital
AXS
$7.27B
| $17.1M | 0.07% |
159,157
+46,951
| +42% | +$4.71M |
2024 Q2
8 quarters
|
|
234
Exelon
EXC
$44.8B
| $17.1M | 0.07% |
366,296
+349,431
| +2,072% | +$16.2M |
2025 Q4
2 quarters
|
|
235
Mercado Libre
MELI
$93B
| $17M | 0.07% |
10,009
-4,662
| -32% | -$7.96M |
2022 Q3
15 quarters
|
|
236
Sterling Infrastructure
STRL
$13B
| $16.9M | 0.07% |
20,185
-16,881
| -46% | -$11.8M |
2025 Q3
3 quarters
|
|
237
State Street
STT
$45.5B
| $16.9M | 0.07% |
99,738
-64,448
| -39% | -$9.94M |
2024 Q1
9 quarters
|
|
238
Independent Bank
INDB
$3.78B
| $16.8M | 0.07% |
200,771
-4,526
| -2% | -$359K |
2025 Q3
3 quarters
|
|
239
iShares MSCI Mexico ETF
EWW
$1.48B
| $16.8M | 0.07% |
223,031
+28,650
| +15% | +$2.22M |
2024 Q3
7 quarters
|
|
240
PVH
PVH
$3.91B
| $16.7M | 0.07% |
225,223
+61,929
| +38% | +$5.3M |
2023 Q3
11 quarters
|
|
241
Idacorp
IDA
$8B
| $16.5M | 0.07% |
109,136
+13,593
| +14% | +$1.96M |
2024 Q4
6 quarters
|
|
|
242
TSMC
TSM
$2.14T
| $16.5M | 0.07% |
34,525
-1,042,554
| -97% | -$423M |
2026 Q1
1 quarter
|
|
243
Kimberly-Clark
KMB
$35.1B
| $16.5M | 0.07% |
150,116
+130,798
| +677% | +$13M |
2020 Q3
23 quarters
|
|
244
Leidos
LDOS
$15.7B
| $16.3M | 0.07% |
158,669
+157,354
| +11,966% | +$20.9M |
2023 Q2
12 quarters
|
|
245
PepsiCo
PEP
$179B
| $16.3M | 0.07% |
120,370
+16,758
| +16% | +$2.51M |
2020 Q3
23 quarters
|
|
246
Copa Holdings
CPA
$5.43B
| $16.3M | 0.07% |
104,487
+13,494
| +15% | +$1.76M |
2024 Q4
6 quarters
|
|
247
Dynatrace
DT
$17.7B
| $16.2M | 0.07% |
368,920
+206,012
| +126% | +$8.02M |
2023 Q4
10 quarters
|
|
248
Rocket Companies
RKT
$30.5B
| $16.1M | 0.07% |
+1,023,816
| New | +$14.8M |
2026 Q2
0 quarters
|
|
249
Ameren
AEE
$29.4B
| $16M | 0.07% |
141,897
+89,833
| +173% | +$9.93M |
2025 Q3
3 quarters
|
|
250
Lumentum
LITE
$74.7B
| $16M | 0.07% |
18,629
+12,811
| +220% | +$11.4M |
2025 Q3
3 quarters
|
|
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Bridgewater Associates's Q2 2026 Portfolio in Review
As of Q2 2026, Bridgewater Associates held 1,206 positions worth $24.4B, up 8.8% from $22.4B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Bridgewater Associates withdrew a net $3.05B in Q2 2026, closing 209 positions and reducing 379 holdings. Its most notable exit was Cisco, an estimated $63.8M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 31% of assets, up from 25% a quarter earlier, followed by Technology and Industrials.
Against the trend, Bridgewater Associates opened a new position in Eversource Energy worth $86.4M.
- Bridgewater Associates's largest Q2 2026 buy was Eversource Energy: 1,195,140 shares worth $86.4M.
- Bridgewater Associates added most to State Street SPDR S&P 500 ETF Trust in Q2 2026, an estimated $693M increase.
- Bridgewater Associates's biggest Q2 2026 reduction was Micron Technology, cutting an estimated $1.02B.
- Bridgewater Associates fully exited Cisco in Q2 2026, selling an estimated $63.8M.
- Bridgewater Associates's ten largest holdings make up 40% of its $24.4B portfolio in Q2 2026.
- Bridgewater Associates opened 213 new positions and closed 209 in Q2 2026.
- Bridgewater Associates's portfolio value rose 8.8% quarter-over-quarter to $24.4B.
Based on Bridgewater Associates's 13F filing for Q2 2026, filed 14 Aug 2026.