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 | |
|---|---|---|---|---|---|---|
626
NextEra Energy
NEE
$180B
| $2.31M | 0.01% |
24,871
+17,574
| +241% | +$1.56M |
|
627
Commercial Metals
CMC
$7.92B
| $2.31M | 0.01% |
37,526
-92
| -0.2% | -$6.64K |
|
628
Walt Disney
DIS
$184B
| $2.3M | 0.01% |
+23,860
| New | +$2.52M |
|
629
American States Water
AWR
$3.53B
| $2.29M | 0.01% |
30,349
+9,663
| +47% | +$712K |
|
630
Selective Insurance
SIGI
$5.62B
| $2.27M | 0.01% |
30,072
+2,518
| +9% | +$206K |
|
631
Yelp
YELP
$1.34B
| $2.26M | 0.01% |
91,380
-264,352
| -74% | -$6.69M |
|
632
PENN Entertainment
PENN
$2.52B
| $2.26M | 0.01% |
+150,388
| New | +$2.09M |
|
633
Graphic Packaging
GPK
$3.38B
| $2.25M | 0.01% |
226,343
+76,591
| +51% | +$965K |
|
634
Carter's
CRI
$1.42B
| $2.23M | 0.01% |
+62,363
| New | +$2.27M |
|
|
LTM
635
LATAM Airlines Group S.A.
LTM
$15B
| $2.22M | 0.01% |
44,831
+26,385
| +143% | +$1.49M |
|
636
Kulicke & Soffa
KLIC
$5.19B
| $2.2M | 0.01% |
+33,549
| New | +$2.13M |
|
637
Alcon
ALC
$35.9B
| $2.18M | 0.01% |
+28,891
| New | +$2.31M |
|
638
Zurn Elkay Water Solutions
ZWS
$8.45B
| $2.17M | 0.01% |
48,493
+27,320
| +129% | +$1.31M |
|
639
Kenvue
KVUE
$36.9B
| $2.15M | 0.01% |
124,950
-71,165
| -36% | -$1.27M |
|
640
CVB Financial
CVBF
$4.09B
| $2.15M | 0.01% |
+110,856
| New | +$2.18M |
|
|
SCHW
641
Charles Schwab
SCHW
$192B
| $2.12M | 0.01% |
22,594
-307,453
| -93% | -$30.2M |
|
642
Enphase Energy
ENPH
$5.35B
| $2.12M | 0.01% |
56,058
-207,779
| -79% | -$8.63M |
|
643
Palo Alto Networks
PANW
$313B
| $2.11M | 0.01% |
+13,169
| New | +$2.21M |
|
644
SiriusXM
SIRI
$9.59B
| $2.11M | 0.01% |
91,340
+3,033
| +3% | +$65.2K |
|
|
MZTI
645
The Marzetti Company
MZTI
$3.18B
| $2.1M | 0.01% |
15,204
+8,431
| +124% | +$1.34M |
|
646
Sunrun
RUN
$2.45B
| $2.09M | 0.01% |
154,410
-149,630
| -49% | -$2.49M |
|
647
Expeditors International
EXPD
$24.2B
| $2.08M | 0.01% |
+14,494
| New | +$2.2M |
|
648
KT
KT
$9.11B
| $2.07M | 0.01% |
+96,286
| New | +$2.07M |
|
649
Elanco Animal Health
ELAN
$11.8B
| $2.06M | 0.01% |
86,190
+64,032
| +289% | +$1.57M |
|
650
Cabot Corp
CBT
$4.54B
| $2.06M | 0.01% |
27,354
-5,140
| -16% | -$373K |
|
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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.