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 | |
|---|---|---|---|---|---|---|
26
iShares MBS ETF
MBB
$39.1B
| $129M | 0.58% |
1,360,000
-15,400
| -1% | -$1.47M |
|
27
Seagate
STX
$221B
| $129M | 0.58% |
329,117
+49,140
| +18% | +$18.7M |
|
|
B
28
Barrick Mining
B
$68.5B
| $126M | 0.56% |
3,079,243
+592,734
| +24% | +$27.4M |
|
29
ASML
ASML
$708B
| $122M | 0.54% |
92,196
+6,107
| +7% | +$8.37M |
|
30
Comfort Systems
FIX
$62.4B
| $119M | 0.53% |
86,462
+18,263
| +27% | +$23.2M |
|
31
Altria Group
MO
$110B
| $113M | 0.5% |
1,705,511
-1,571,240
| -48% | -$101M |
|
32
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.7B
| $111M | 0.5% |
1,021,700
+22,300
| +2% | +$2.46M |
|
33
Alphabet (Google) Class C
GOOG
$4.2T
| $111M | 0.5% |
+387,002
| New | +$122M |
|
34
Sea Limited
SE
$74.7B
| $111M | 0.49% |
1,338,128
-195,141
| -13% | -$20.9M |
|
35
Amphenol
APH
$206B
| $109M | 0.49% |
863,048
+64,684
| +8% | +$9.1M |
|
36
Vertiv
VRT
$113B
| $108M | 0.48% |
429,766
-833
| -0.2% | -$185K |
|
37
Nucor
NUE
$61B
| $105M | 0.47% |
+618,528
| New | +$108M |
|
38
Teradyne
TER
$65.5B
| $100M | 0.45% |
338,946
+139,185
| +70% | +$38.8M |
|
39
CSX Corp
CSX
$92.9B
| $97.5M | 0.44% |
2,375,228
+1,684,261
| +244% | +$66M |
|
40
Credo Technology Group
CRDO
$48.5B
| $96.5M | 0.43% |
1,028,202
+707,091
| +220% | +$86.1M |
|
41
Vanguard S&P 500 ETF
VOO
$1.04T
| $94.8M | 0.42% |
158,628
+122,118
| +334% | +$76.4M |
|
42
iShares Core MSCI Emerging Markets ETF
IEMG
$159B
| $93.7M | 0.42% |
1,342,944
+71,317
| +6% | +$5.15M |
|
43
Citigroup
C
$234B
| $90M | 0.4% |
793,414
+77,089
| +11% | +$8.78M |
|
44
Arm
ARM
$298B
| $89.8M | 0.4% |
593,361
+267,041
| +82% | +$32.4M |
|
45
PACCAR
PCAR
$68.8B
| $89.8M | 0.4% |
+777,072
| New | +$93.9M |
|
46
NRG Energy
NRG
$26.5B
| $86M | 0.38% |
588,502
+207,631
| +55% | +$32.7M |
|
|
TLN
47
Talen Energy Corp
TLN
$17.4B
| $84.9M | 0.38% |
266,099
+855
| +0.3% | +$302K |
|
48
Baker Hughes
BKR
$64.3B
| $84.3M | 0.38% |
1,381,645
+1,021,848
| +284% | +$59.1M |
|
49
iShares MSCI Emerging Markets ex China ETF
EMXC
$24.7B
| $84.3M | 0.38% |
+1,072,280
| New | +$86.2M |
|
50
Synopsys
SNPS
$80.7B
| $82.6M | 0.37% |
+208,353
| New | +$94.2M |
|
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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.