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 | |
|---|---|---|---|---|---|---|
1051
California Resources
CRC
$4.73B
| – | – |
-22,387
| Closed | -$1M |
|
|
1052
Salesforce
CRM
$161B
| – | – |
-1,932,066
| Closed | -$512M |
|
1053
CoStar Group
CSGP
$13.1B
| – | – |
-9,020
| Closed | -$607K |
|
|
CSW
1054
CSW Industrials
CSW
$5.62B
| – | – |
-9,593
| Closed | -$2.82M |
|
1055
Cenovus Energy
CVE
$57.2B
| – | – |
-91,078
| Closed | -$1.54M |
|
|
CYBR
1056
DELISTED
CyberArk
CYBR
| – | – |
-7,790
| Closed | -$3.47M |
|
1057
Dominion Energy
D
$60.5B
| – | – |
-9,441
| Closed | -$553K |
|
1058
Dropbox
DBX
$7.48B
| – | – |
-600,252
| Closed | -$16.7M |
|
1059
Donaldson
DCI
$11.1B
| – | – |
-6,558
| Closed | -$581K |
|
1060
DuPont de Nemours
DD
$19.8B
| – | – |
-11,022
| Closed | -$1.33M |
|
1061
Datadog
DDOG
$91.7B
| – | – |
-19,795
| Closed | -$2.69M |
|
1062
Dillards
DDS
$8.76B
| – | – |
-9,715
| Closed | -$5.89M |
|
1063
Douglas Emmett
DEI
$1.96B
| – | – |
-25,023
| Closed | -$275K |
|
1064
Diageo
DEO
$53.1B
| – | – |
-157,763
| Closed | -$13.6M |
|
1065
Dolby
DLB
$5.84B
| – | – |
-25,305
| Closed | -$1.63M |
|
1066
DigitalOcean
DOCN
$15.3B
| – | – |
-25,772
| Closed | -$1.24M |
|
1067
Dorman Products
DORM
$4.05B
| – | – |
-15,306
| Closed | -$1.89M |
|
1068
Amdocs
DOX
$6.18B
| – | – |
-249,195
| Closed | -$20.1M |
|
1069
Duolingo
DUOL
$6.21B
| – | – |
-15,162
| Closed | -$2.66M |
|
1070
Devon Energy
DVN
$50.4B
| – | – |
-1,170,881
| Closed | -$42.9M |
|
1071
DXC Technology
DXC
$1.72B
| – | – |
-281,303
| Closed | -$4.12M |
|
1072
Consolidated Edison
ED
$40.2B
| – | – |
-54,358
| Closed | -$5.4M |
|
1073
Equifax
EFX
$21.2B
| – | – |
-2,351
| Closed | -$510K |
|
1074
Energizer
ENR
$1.56B
| – | – |
-22,159
| Closed | -$441K |
|
1075
EQT Corp
EQT
$34B
| – | – |
-34,006
| Closed | -$1.82M |
|
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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.