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 |
NVIDIA
NVDA
|
+$552M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$419M |
| 3 |
Microsoft
MSFT
|
+$393M |
| 4 |
Johnson & Johnson
JNJ
|
+$305M |
| 5 |
Uber
UBER
|
+$259M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$748M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$418M |
| 3 |
Constellation Energy
CEG
|
+$211M |
| 4 |
Pinduoduo
PDD
|
+$206M |
| 5 |
Baidu
BIDU
|
+$191M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.87% |
| 2 | Miscellaneous | 19.81% |
| 3 | Communication Services | 11.52% |
| 4 | Financials | 9.89% |
| 5 | Healthcare | 8.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Monster Beverage
MNST
$91.9B
| $2.47M | 0.01% |
79,014
-73,070
| -48% | -$2.23M |
|
402
Kimberly-Clark
KMB
$36.5B
| $2.42M | 0.01% |
18,777
-5,978
| -24% | -$811K |
|
403
Keurig Dr Pepper
KDP
$43.6B
| $2.41M | 0.01% |
73,035
-11,960
| -14% | -$404K |
|
404
Hope Bancorp
HOPE
$1.78B
| $2.39M | 0.01% |
+223,092
| New | +$2.25M |
|
405
BlackLine
BL
$1.94B
| $2.39M | 0.01% |
+42,250
| New | +$2.18M |
|
406
Smith & Nephew
SNN
$12.2B
| $2.37M | 0.01% |
77,315
+11,652
| +18% | +$329K |
|
407
StoneCo
STNE
$2.19B
| $2.32M | 0.01% |
+144,804
| New | +$1.93M |
|
408
Vulcan Materials
VMC
$35.6B
| $2.28M | 0.01% |
+8,749
| New | +$2.25M |
|
409
Kenvue
KVUE
$36.8B
| $2.28M | 0.01% |
108,827
-14,909
| -12% | -$339K |
|
410
Frontdoor
FTDR
$5.71B
| $2.23M | 0.01% |
37,877
-135,170
| -78% | -$6.78M |
|
411
Dolby
DLB
$5.96B
| $2.22M | 0.01% |
+29,848
| New | +$2.23M |
|
412
Stantec
STN
$8.39B
| $2.2M | 0.01% |
20,225
-5,156
| -20% | -$496K |
|
413
Matsons
MATX
$6.66B
| $2.19M | 0.01% |
+19,632
| New | +$2.15M |
|
414
Universal Display
OLED
$3.89B
| $2.17M | 0.01% |
14,024
-18,358
| -57% | -$2.57M |
|
415
Digital Realty Trust
DLR
$71.3B
| $2.12M | 0.01% |
12,146
+7,026
| +137% | +$1.15M |
|
416
Sysco
SYY
$39.5B
| $2.08M | 0.01% |
27,503
-8,978
| -25% | -$652K |
|
417
CRH
CRH
$63.3B
| $2.08M | 0.01% |
22,642
-69,446
| -75% | -$6.33M |
|
418
Amgen
AMGN
$237B
| $2.08M | 0.01% |
+7,435
| New | +$2.11M |
|
419
Snowflake
SNOW
$115B
| $2.06M | 0.01% |
9,210
| – | – |
|
420
Ally Financial
ALLY
$13.1B
| $2.05M | 0.01% |
52,593
-32,452
| -38% | -$1.12M |
|
421
Cheniere Energy
LNG
$58.2B
| $2.04M | 0.01% |
8,360
| – | – |
|
422
CarGurus
CARG
$3.25B
| $1.98M | 0.01% |
59,195
-67,318
| -53% | -$2.03M |
|
423
OceanFirst Financial
OCFC
$1.83B
| $1.94M | 0.01% |
+109,911
| New | +$1.83M |
|
424
Chewy
CHWY
$9.33B
| $1.89M | 0.01% |
+44,358
| New | +$1.77M |
|
425
Equitable Holdings
EQH
$13.6B
| $1.89M | 0.01% |
33,649
+769
| +2% | +$39.5K |
|
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Bridgewater Associates's Q2 2025 Portfolio in Review
As of Q2 2025, Bridgewater Associates held 749 positions worth $24.8B, up 15% from $21.6B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Bridgewater Associates's Q2 2025 filing shows 85 new, 206 increased, 287 reduced and 164 closed positions. Its largest new stake was Arm: 473,725 shares worth $76.6M. The largest sale was Alibaba, an estimated $748M.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 19% a quarter earlier, followed by Miscellaneous and Communication Services.
- Bridgewater Associates's largest Q2 2025 buy was Arm: 473,725 shares worth $76.6M.
- Bridgewater Associates added most to NVIDIA in Q2 2025, an estimated $552M increase.
- Bridgewater Associates's biggest Q2 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $418M.
- Bridgewater Associates fully exited Alibaba in Q2 2025, selling an estimated $748M.
- Bridgewater Associates's ten largest holdings make up 36% of its $24.8B portfolio in Q2 2025.
- Bridgewater Associates opened 85 new positions and closed 164 in Q2 2025.
- Bridgewater Associates's portfolio value rose 15% quarter-over-quarter to $24.8B.
Based on Bridgewater Associates's 13F filing for Q2 2025, filed 13 Aug 2025.