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 | |
|---|---|---|---|---|---|---|
976
LCI Industries
LCII
$2.51B
| $483K | ﹤0.01% |
+3,983
| New | +$424K |
|
977
Williams-Sonoma
WSM
$28.9B
| $476K | ﹤0.01% |
2,663
-1,376
| -34% | -$258K |
|
978
Intel
INTC
$480B
| $474K | ﹤0.01% |
+12,859
| New | +$486K |
|
979
BioNTech
BNTX
$28.1B
| $469K | ﹤0.01% |
+4,927
| New | +$496K |
|
|
FOLD
980
DELISTED
Amicus Therapeutics
FOLD
| $460K | ﹤0.01% |
+32,274
| New | +$317K |
|
981
Moderna
MRNA
$56.4B
| $448K | ﹤0.01% |
15,181
-207,029
| -93% | -$5.62M |
|
982
Energizer
ENR
$1.51B
| $441K | ﹤0.01% |
22,159
-49,486
| -69% | -$1.08M |
|
983
Zeta Global
ZETA
$7.52B
| $419K | ﹤0.01% |
+20,614
| New | +$385K |
|
984
Wingstop
WING
$2.93B
| $417K | ﹤0.01% |
1,747
+40
| +2% | +$9.91K |
|
985
Rockwell Automation
ROK
$47.9B
| $405K | ﹤0.01% |
1,040
-9,596
| -90% | -$3.61M |
|
986
C.H. Robinson
CHRW
$17.8B
| $404K | ﹤0.01% |
+2,512
| New | +$371K |
|
987
CAVA Group
CAVA
$7.82B
| $401K | ﹤0.01% |
6,827
+163
| +2% | +$9.09K |
|
988
Essent Group
ESNT
$6.21B
| $399K | ﹤0.01% |
6,139
-13,740
| -69% | -$853K |
|
989
National Vision
EYE
$1.4B
| $396K | ﹤0.01% |
15,355
-82,789
| -84% | -$2.23M |
|
990
Transocean
RIG
$6.3B
| $392K | ﹤0.01% |
+94,808
| New | +$368K |
|
|
PRMB
991
Primo Brands
PRMB
$8.23B
| $376K | ﹤0.01% |
23,003
-522
| -2% | -$9.65K |
|
992
Urban Outfitters
URBN
$6.83B
| $372K | ﹤0.01% |
4,937
-99,810
| -95% | -$7.06M |
|
993
Penumbra
PEN
$12.7B
| $370K | ﹤0.01% |
1,191
-89
| -7% | -$24.6K |
|
994
PJT Partners
PJT
$4.57B
| $355K | ﹤0.01% |
+2,123
| New | +$363K |
|
|
OPLN
995
Openlane
OPLN
$4.33B
| $348K | ﹤0.01% |
11,682
-29,050
| -71% | -$786K |
|
996
Trupanion
TRUP
$1.32B
| $348K | ﹤0.01% |
9,309
-53,729
| -85% | -$2.11M |
|
997
Lamb Weston
LW
$7.62B
| $347K | ﹤0.01% |
8,294
-191,895
| -96% | -$11.3M |
|
998
Immunocore
IMCR
$1.9B
| $345K | ﹤0.01% |
+9,952
| New | +$351K |
|
999
Bunge Global
BG
$21.4B
| $336K | ﹤0.01% |
+3,773
| New | +$348K |
|
|
WAY
1000
Waystar Holding Corp
WAY
$4.86B
| $336K | ﹤0.01% |
10,256
+4,862
| +90% | +$173K |
|
Similar funds
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.