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
|
+$1.28B |
| 2 |
Oracle
ORCL
|
+$349M |
| 3 |
NVIDIA
NVDA
|
+$252M |
| 4 |
Micron Technology
MU
|
+$204M |
| 5 |
Amazon
AMZN
|
+$188M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$304M |
| 2 |
Uber
UBER
|
+$208M |
| 3 |
FISV
Fiserv Inc
FISV
|
+$205M |
| 4 |
Meta Platforms (Facebook)
META
|
+$129M |
| 5 |
Wells Fargo
WFC
|
+$121M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.43% |
| 2 | Miscellaneous | 24.29% |
| 3 | Financials | 11.06% |
| 4 | Consumer Discretionary | 8.45% |
| 5 | Healthcare | 6.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
851
PTC Therapeutics
PTCT
$6B
| $1.23M | ﹤0.01% |
16,229
+4,291
| +36% | +$312K |
|
852
McGrath RentCorp
MGRC
$2.77B
| $1.23M | ﹤0.01% |
11,733
+7,781
| +197% | +$843K |
|
853
Franklin Electric
FELE
$4.51B
| $1.21M | ﹤0.01% |
12,674
-14,368
| -53% | -$1.37M |
|
854
Pentair
PNR
$9.92B
| $1.2M | ﹤0.01% |
+11,489
| New | +$1.23M |
|
855
Veracyte
VCYT
$3.6B
| $1.2M | ﹤0.01% |
+28,394
| New | +$1.14M |
|
856
GE HealthCare
GEHC
$32.6B
| $1.19M | ﹤0.01% |
14,482
-696
| -5% | -$54.2K |
|
857
Mohawk Industries
MHK
$8.83B
| $1.18M | ﹤0.01% |
+10,785
| New | +$1.24M |
|
858
Advance Auto Parts
AAP
$2.62B
| $1.18M | ﹤0.01% |
+29,980
| New | +$1.5M |
|
859
ICL Group
ICL
$7.33B
| $1.18M | ﹤0.01% |
206,034
+92,292
| +81% | +$534K |
|
860
TripAdvisor
TRIP
$1.14B
| $1.17M | ﹤0.01% |
80,581
-338,839
| -81% | -$5.16M |
|
861
TTM Technologies
TTMI
$13.1B
| $1.15M | ﹤0.01% |
+16,662
| New | +$1.09M |
|
862
Avnet
AVT
$7.46B
| $1.15M | ﹤0.01% |
+23,856
| New | +$1.17M |
|
863
ManpowerGroup
MAN
$2.89B
| $1.14M | ﹤0.01% |
+38,401
| New | +$1.2M |
|
864
Rush Enterprises Class A
RUSHA
$8.29B
| $1.14M | ﹤0.01% |
21,107
+17,165
| +435% | +$892K |
|
865
Under Armour
UAA
$2.17B
| $1.13M | ﹤0.01% |
228,353
-103,319
| -31% | -$478K |
|
866
Mercury Systems
MRCY
$5.42B
| $1.13M | ﹤0.01% |
+15,469
| New | +$1.15M |
|
867
West Pharmaceutical
WST
$24.4B
| $1.12M | ﹤0.01% |
+4,073
| New | +$1.11M |
|
|
MZTI
868
The Marzetti Company
MZTI
$3.06B
| $1.11M | ﹤0.01% |
6,773
+3,364
| +99% | +$561K |
|
869
Mueller Water Products
MWA
$3.85B
| $1.08M | ﹤0.01% |
45,157
+33,770
| +297% | +$837K |
|
|
FYBR
870
DELISTED
Frontier Communications
FYBR
| $1.06M | ﹤0.01% |
+27,890
| New | +$1.05M |
|
871
PBF Energy
PBF
$8.12B
| $1.06M | ﹤0.01% |
38,943
-145,223
| -79% | -$4.65M |
|
872
Solventum
SOLV
$15.5B
| $1.05M | ﹤0.01% |
13,310
-41,376
| -76% | -$3.17M |
|
873
Hafnia
HAFN
$4.14B
| $1.03M | ﹤0.01% |
+193,026
| New | +$1.15M |
|
874
First American
FAF
$7.66B
| $1.02M | ﹤0.01% |
16,669
+7,706
| +86% | +$483K |
|
875
Copart
CPRT
$30.2B
| $1.02M | ﹤0.01% |
+26,058
| New | +$1.08M |
|
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Bridgewater Associates's Q4 2025 Portfolio in Review
As of Q4 2025, Bridgewater Associates held 1,205 positions worth $27.4B, up 7.4% from $25.5B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Bridgewater Associates deployed $1.36B of net new capital in Q4 2025, opening 191 new positions and adding to 450 existing holdings. Its largest new stake was Arm: 326,320 shares worth $35.7M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Miscellaneous and Financials.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $304M trimmed.
- Bridgewater Associates's largest Q4 2025 buy was Arm: 326,320 shares worth $35.7M.
- Bridgewater Associates added most to State Street SPDR S&P 500 ETF Trust in Q4 2025, an estimated $1.28B increase.
- Bridgewater Associates's biggest Q4 2025 reduction was Alphabet (Google) Class A, cutting an estimated $304M.
- Bridgewater Associates fully exited Fiserv Inc in Q4 2025, selling an estimated $205M.
- Bridgewater Associates's ten largest holdings make up 36% of its $27.4B portfolio in Q4 2025.
- Bridgewater Associates opened 191 new positions and closed 165 in Q4 2025.
- Bridgewater Associates's portfolio value rose 7.4% quarter-over-quarter to $27.4B.
Based on Bridgewater Associates's 13F filing for Q4 2025, filed 13 Feb 2026.