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 | |
|---|---|---|---|---|---|---|
|
JBS
951
JBS N.V.
JBS
$44.9B
| $381K | ﹤0.01% |
32,162
+5,868
| +22% | +$85.8K |
|
952
Lumen
LUMN
$6.42B
| $376K | ﹤0.01% |
48,934
-89,000
| -65% | -$780K |
|
953
Plug Power
PLUG
$3.16B
| $373K | ﹤0.01% |
+137,762
| New | +$433K |
|
954
Baxter International
BAX
$13.4B
| $370K | ﹤0.01% |
17,347
+1,282
| +8% | +$23.9K |
|
955
EPR Properties
EPR
$4.56B
| $363K | ﹤0.01% |
+6,264
| New | +$356K |
|
|
ECHO
956
EchoStar
ECHO
$24.9B
| $361K | ﹤0.01% |
3,554
-31,760
| -90% | -$3.88M |
|
957
Cognex
CGNX
$10.6B
| $359K | ﹤0.01% |
4,963
-78,607
| -94% | -$4.77M |
|
958
CBIZ
CBZ
$2.96B
| $356K | ﹤0.01% |
+11,093
| New | +$345K |
|
|
PRMB
959
Primo Brands
PRMB
$8.18B
| $346K | ﹤0.01% |
14,144
-6,594
| -32% | -$146K |
|
|
ECG
960
Everus Construction Group
ECG
$6.21B
| $345K | ﹤0.01% |
+2,081
| New | +$305K |
|
961
Peabody Energy
BTU
$3.57B
| $342K | ﹤0.01% |
14,810
-25,967
| -64% | -$690K |
|
962
Sotera Health
SHC
$5.56B
| $342K | ﹤0.01% |
19,241
-676,151
| -97% | -$10.7M |
|
963
PDF Solutions
PDFS
$1.94B
| $340K | ﹤0.01% |
+4,807
| New | +$238K |
|
964
Corning
GLW
$131B
| $334K | ﹤0.01% |
+1,307
| New | +$238K |
|
965
H&R Block
HRB
$6.52B
| $334K | ﹤0.01% |
8,759
-37,770
| -81% | -$1.32M |
|
966
Lamb Weston
LW
$7.6B
| $333K | ﹤0.01% |
7,719
+64
| +0.8% | +$2.76K |
|
967
Barclays
BCS
$90B
| $332K | ﹤0.01% |
12,378
-252,789
| -95% | -$6.1M |
|
968
Veeco
VECO
$2.87B
| $317K | ﹤0.01% |
4,181
-84,286
| -95% | -$4.81M |
|
969
WIX.com
WIX
$3.61B
| $311K | ﹤0.01% |
6,849
-15,951
| -70% | -$986K |
|
970
CVB Financial
CVBF
$3.91B
| $308K | ﹤0.01% |
13,679
-97,177
| -88% | -$2M |
|
971
Photronics
PLAB
$1.77B
| $308K | ﹤0.01% |
+9,455
| New | +$400K |
|
972
Celsius Holdings
CELH
$8.4B
| $303K | ﹤0.01% |
10,346
-86,705
| -89% | -$2.73M |
|
973
Aflac
AFL
$58.4B
| $290K | ﹤0.01% |
2,476
-59,149
| -96% | -$6.81M |
|
974
Valvoline
VVV
$4.1B
| $276K | ﹤0.01% |
+6,974
| New | +$242K |
|
|
MDV
975
DELISTED
Modiv Industrial
MDV
| $275K | ﹤0.01% |
+15,825
| New | +$272K |
|
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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.